Industry insights

4 best brokerage accounts for new investors to open

  • October 26, 2020
  • Drew Ragosta

Looking to get into trading but are unsure of the best place to start? Luckily, there are plenty of viable options and brokers that are ideal for new investors. These cutting-edge platforms have the potential to eliminate the hassles of being a new investor and make it easy for the novice to develop a strong, diversified portfolio. Below we discuss the 4 recommended platforms for the new investor.

1.) Charles Schwab

The pioneer of commission-free trading, Schwab offers novice investors an easy to use platform with plenty of detailed research to help direct investors towards smarter investments. Along with a beautifully designed interface, Schwab is known for its outstanding customer service and seamless trading capabilities.

2.) Robinhood

Most likely the most popular app for new investors, Robinhood gives users the power to place trades directly from their phones. Like Schwab, Robinhood does not charge commission fees for trades and features an easy to use, unique interface. Novice investors can start trading without a minimum deposit, and can continually add more capital into their account as they please. Robinhood also offers its users the opportunity to upgrade to Robinhood Gold for $5 a month and get access to premium features.

3.) E-Trade

If you watch cable television, it’s probable that you’ve seen some of E-Trade’s hilarious ads. E-Trade has dynamic computer-based and mobile app platforms that are extremely easy to use and appeal to a wide range of different investment styles. Similar to Schwab and Robinhood, E-Trade does not charge commission fees for stock and ETF trades. For lovers of great UI, E-Trade’s beautifully designed interface is a pleasure to use and a fantastic gateway to the stock market.

4.) TD Ameritrade

Similar to the three brokers above, TD Ameritrade does not charge a commission fee on trades. There is also no deposit minimum which means you can trade with any amount of money you please. Users also get access to a wide array of useful content that helps educate investors and steer them in the right direction. Along with its easy to use interface, TD is known to provide investors with outstanding customer service.

Choosing the right brokerage account is the first vital step in your investment journey. After you have it set up, supercharge your account with Front and start to see higher returns on your portfolio. Front provides users with the same access to critical market information, resources, and recommended stock picks that are easily accessible to large financial firms. Over a period of only six months, users saw an average growth of 55.39% on their portfolios. Visit www.getfront.com to learn more today!