Investment technologies have evolved rapidly in recent years. In the past, the best way to trade online Stock was through a private broker. This was typically costly and time consuming. Today, you can buy and sell stocks online, with reduced fees and a higher level of accessibility.
If you’re interested in DIY investing for retirement or at any stage of life, then these are three online brokerage services to consider.
Fidelity Trading & Brokerage Services
Fidelity is one of the most well-established online stock trading platforms in the United States. It offers a more comprehensive service when compared to some of the recent electronic trading startups. Fidelity can be used for Stock, Option, ETF (Exchange Traded Fund), Mutual Fund, Precious Metal, and CD investment.
Fidelity offers trading insights, analytics, and specialized research to help investors make smarter decisions. This platform also offers a commission-free trade offer for new brokerage accounts.
Fidelity is ideal for active trading where stock positions are likely to constantly change.
Robinhood Markets Inc.
Robinhood is a young company in the world of FinTech, and it’s already disrupting some of the major players. The company develops iOS and Android smartphone applications that allow commission free stock trading in real time.
The advantage of Robinhood is its low cost and easy accessibility. It has proved to be particularly popular with young investors seeking to make their first purchases and trades.
Robinhood allows buying and selling of ETFs, Options, Cryptocurrencies, and Stocks.
For an all-in-one investment platform, Vanguard Group offers what is arguably the best on the market. Vanguard makes it easy to buy and sell through an online brokerage account. There’s access to Mutual Funds, Stocks and ETFs, Bonds, and Certificates of Deposit.
Vanguard is not an inexpensive platform, but it is fully featured and would be suitable for late-stage investors who want to take control of retirement wealth and income generation.
Another advantage of joining Vanguard is the access to tailored investment funds that are consistently ranked amongst the best in the industry.
Does Online Stock Trading Appeal to You?
With the way that we consume information, it makes sense that online stock trading is fast becoming the norm in the investment world. Even if you plan to buy and hold your stocks, you would likely find it more convenient to do so through a self-managed platform.
Always perform due diligence when choosing a brokerage. Look for reviews and testimonials, read the fine print, and understand that gains are never guaranteed on any investment.
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