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Investing IQ

Smart & Simple Investing Tips

Broker & Investment Platform Reviews

Why choose the right Investing Platform? Investing platforms are growing in popularity as more investors look to add digital assets to their portfolios. However, not all investing platforms provide the same level of support and service.

Choosing the best investing platform for you

These platforms offer diversified portfolios of stocks and bonds all in one place, allowing users to quickly and easily invest their money into securities that they are interested in. πŸ‘‡

1
TD Ameritrade Review 2022
ameritrade-investment-platform-broker-exchange
TD Ameritrade's brokerage has a $0 commission rate on trades, top quality educational program, a traditional platform, and a mobile app that is optimized for both new investors and day traders. Commission Fees: $0 (stock / ETF), $0.65/contract (options). Account Fees: $75 transfer, No annual or inactivity fee. Account minimum: $0. Securities: Stocks, ETFs, bonds, mutual funds, options, futures, forex.
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4.8
Visit Ameritrade
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2
E*Trade Review 2022
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E*Trade offers good pricing, easy to use system, and above average tools and features. Commission Fees: $0 (stock / ETF), $0.50 - $0.65/contract (options). Account Fees: $25 fee for partial transfers / $75 for full transfers. Account minimum: $0. Securities: Stocks, ETFs, bonds, mutual funds, options, futures.
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4.5
VISIT E*TRADE
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3
Betterment Review 2022
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The platform makes saving and investing simple and even fun, but this will be "to a fault" for investors who want more options. Your investment choices are extremely limited, so this is NOT a trading platform, it's Robo Advisor. Account Fees: 0.25% (annual) for digital plan. Account minimum: $0 for the Digital tier. Portfolio Mix: ETFs from 13 asset classes, plus all-cash, all-bond.
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4.5
Visit Betterment
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4
Fidelity Investments Review 2022
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Fidelity aims to keep costs low, and it offers great resources that help investors analyze and manage their portfolios. Fidelity is constantly enhancing its systems to offer more comfort to investors and traders. Commission Fees: $0 (stock / ETF), $0.65/contract (options). Account Fees: $0. Account minimum: $0. Securities: Stocks, ETFs, bonds, mutual funds, options.
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5
Visit Fidelity
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5
Ally Invest Review 2022
ally-invest-review
Ally Invest is the brokerage arm of Ally Bank. It is a great choice for people who want to invest in stocks and ETFs because of its low fees and minimums and low prices. Commission Fees: $0 (stock / ETF), $0.50/contract (options). Account minimum: $0. Securities: Stocks, ETFs, bonds, mutual funds, options, forex.
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3.9
Final Score
VISIT ALLY INVEST
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6
Charles Schwab Review 2022
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Charles Schwab has no minimum balance requirement, which is excellent for new investors. Schwab offers a broad assortment of investment options, Commission-free trading on more than 3,000 mutual funds. Commission Fees: $0 (stock / ETF), $0.65/contract (options). Account minimum: $0. Account Fees: $25 fee for partial transfers / $50 for full transfers. Securities: Stocks, ETFs, bonds, options, mutual funds, futures.
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4.7
VISIT SCHWAB.COM
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7
Firstrade Review 2022
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Firstrade is a good option for beginner investors. The platform is easy to use, and there are no account minimums or maintenance fees. However, they don't offer as many features as some of the other brokers out there. Commission Fees: $0 (stock / ETF), $0/contract (options). Account minimum: $0. Account Fees: $75 for full transfers. Securities: Stocks, ETFs, options, bonds, mutual funds.
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3.7
VISIT FIRSTRADE
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8
Interactive Brokers Review 2022
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Interactive Brokers (IB) platform is one of the most advanced available, offering users a wide range of tools for researching and trading securities. Commission Fees: $1*, for IBKR Pro, $0 for IBKR Lite. $0.65/contract (options). Account minimum: $0. Account Fees: $0. Securities: Stocks, ETFs, bonds, mutual funds, options, futures, forex, metals, cryptocurrency.
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4.6
VISIT IBKR
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9
J.P. Morgan Self-Directed Investing Review 2022
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J.P. Morgan Self-Directed Investing Platform handles the basics well is a solid choice for investors who are considering brokering. You will not be charged any commission fees for stocks and ETFs. Commission Fees: $0 (stock / ETF), $0.65/contract (options). Account minimum: $0. Account Fees: $75 transfer-out fee, $75 IRA termination fee. Securities: Stocks, ETFs, options, bonds, mutual funds.
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3.5
J.P. MORGAN S D I
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10
Merrill Edge Review 2022
merrill edge review
J.P. Morgan Self-Directed Investing Platform handles the basics well is a solid choice for investors who are considering brokering. You will not be charged any commission fees for stocks and ETFs. Commission Fees: $0 (stock / ETF), $0.65/contract (options). Account minimum: $0. Account Fees: $49.95 full transfer fee, $49.95 closeout fees on retirement accounts. Securities: Stocks, ETFs, options, mutual funds, bonds.
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4.1
MERRILL EDGE
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11
Robinhood Review 2022
robinhood-review-crypto-trade-app
Robinhood is a stock trading platform that offers commission-free trades and no account minimum. The platform has a user-friendly interface and offers tools to help track your portfolio. Commission Fees: $0 (stock / ETF), $0/contract (options). Account Fees: $75 transfer out fee. Account minimum: $0. Securities: Stocks, ETFs, options, cryptocurrency.
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3.7
VISIT ROBINHOOD
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12
TradeStation Review 2022
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TradeStation: Easy to use Web & App. $0 Fees on Stocks & ETFs. Trade also: Options, Futures & Cryptos. Commission Fees: $0 / $0.50-$0.60/contract (options). Account minimum: $0. Account Fees: $35 IRA annual / $50 termination / $125 outgoing transfer / $50 inactivity fee. Securities: Stocks, options, futures, ETFs, mutual funds, bonds and cryptocurrency.
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4.3
TRADESTATION
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13
Vanguard Review 2022
vanguard-review-investment-platform
Vanguard is the leader in low-cost funds. Vanguard is the right broker for 'buy and hold' investors, retirement s and Index fund and ETF investors. (Passive investing). Commission Fees: $0 / $1 /contract (options). Account minimum: $0. Account Fees: $20 account fee for accounts with less than $10,000 in Vanguard funds. Securities: Stocks, ETFs, options, bonds, mutual funds.
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3.9
VISIT VANGUARD
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14
Webull Review 2022
webull-review-trading-platform-app
Webull has a wide selection of investment options. There is no account minimum and Commission-Free trading. It Allows fractional shares and cryptos. This makes it a great choice for both beginning and experienced investors. Commission Fees: $0 (stock / ETF). Account Fees: $75 transfer out fee. Account minimum: $0. Securities: Stocks, ETFs, options, cryptocurrency.
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3.6
VISIT WEBULL
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15
WellsTrade Review 2022
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WellsTrade is owned by Wells Fargo. It Offers trading of stocks, options, and ETFs. It also offers commission-free trading for some products. Commission Fees: $0 (stock / ETF) | $5.95 + $0.75 per contract (options). Account minimum: $0. Account Fees: $30 annual fee. Securities: Stocks, options, bonds, mutual funds, ETFs.
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3
VISIT WELLSTRADE
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16
TastyWorks Review 2022
tastyworks-review-investment-platform
TastyWorks platform allows users to invest in a wide variety of stocks and ETFs, with low fees and favorable returns. Commission Fees: $0 (stock / ETF). | $1 per contract on the buy and $0 on the sell (options), Account Fees: $75 transfer out fee, $60 IRA closing fee. Account minimum: $0. Securities:Stocks, ETFs, options, cryptocurrency, futures, futures options.
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3.6
VISIT TASTYWORKS
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FAQs ABOUT INVESTMENT PLATFORMS

βœ”οΈ What is an investment platform?


An investment platform is a web-based or mobile application that allows investors to buy and sell securities, such as stocks and bonds.

Investment platforms usually offer a variety of features, such as the ability to buy and sell securities, research investments, and track account performance.

Some platforms also allow users to borrow money against their investment portfolio or to use their investments as collateral for a loan.

Before investing with Investing Platform, make sure you understand the risks involved.

Investment Platform Reviews: choosing a stock broker or exchange

βœ”οΈ What is the difference between a traditional broker and an online exchange?


Broker Vs Exchanges (Differences)? When most people think of buying or selling stocks, they imagine calling a broker on the phone. However, with the advent of the internet, online brokers have become increasingly popular. While both traditional brokers and online brokers offer similar services, there are some important differences between them.

Traditional brokers typically require you to have a certain amount of money in your account before you can start trading. Online brokers often have lower minimums, so you can get started with just a few hundred dollars. Traditional brokers also charge commissions on each trade, while online brokers may charge a flat fee or none at all.

Another big difference is that traditional brokers offer personal service, while online brokers tend to be more automated. With a traditional broker, you’ll usually be assigned a personal representative who can help you with everything from choosing stocks to placing orders.

How do I choose the investment platform right for me?


When it comes to investing, there are a multitude of choices available to the modern investor. However, one of the most important decisions an investor will make is what platform to use.

With so many different platforms to choose from, how does one go about making a decision? In this article we will outline some key factors investors should consider when choosing an investment platform:

Β» How to choose your Stock Broker (Article)

βœ”οΈ What are the benefits of investing through an investment platform?


There are a number of benefits to investing through an investment platform. Perhaps the most obvious benefit is that it allows investors to easily diversify their portfolio by accessing a wide range of investments.

Platforms also offer a variety of features and tools that can help investors make informed decisions about where to invest their money. Investment platforms use a variety of strategies to attract investors.

An investment platform is a type of online service that provides investors with access to a wide range of investments, including stocks, bonds, and mutual funds. They typically offer a variety of features, such as research tools and educational resources, that can help investors make informed decisions about where to invest their money.

βœ”οΈ Can I buy any asset on any platform?


When it comes to buying assets, investors want to know they can buy any asset on any platform. For example, an investor who wants to purchase a share of Apple stock would want to be sure they could do so through their brokerage account, rather than having to search for a different platform that offers the stock.

The good news is that most major stocks and assets are available on most major platforms. For example, you can buy stocks from the New York Stock Exchange (NYSE) on most platforms, including Charles Schwab, Fidelity Investments, and TD Ameritrade. You can also buy ETFs and mutual funds from providers like Vanguard and Fidelity on most platforms.

However, there are some exceptions. For example, you can’t buy individual bonds or bond funds on some platformsβ€”you have to go through a bond broker.

βœ”οΈ Can I just invest long term or short term?


You can do both.

Day trading, which is the buying and selling of stocks within the same day, can be a lucrative endeavor for those who are well-informed and prepared. However, there are many misconceptions about day trading, and it is important to understand the basics before getting started.

One of the biggest decisions you’ll need to make when starting out in day trading is whether to invest or trade. Investing generally involves buying stocks with the hope that they will go up in value over time, while trading typically refers to buying and selling stocks within the same day in order to take advantage of price fluctuations.

Some people may be tempted to jump into day trading without understanding the differences between investing and trading, but this can be a costly mistake. It’s important to educate yourself about both strategies before making a decision about which one is right for you.

βœ”οΈ WHERE CAN I LEARN MORE BEFORE I INVEST MY MONEY?


Guides and main articles:
» Why, how and in what to invest my money.
» Creating a profitable investment portfolio from scratch.
» How to choose your broker to operate in the market.
» How to invest in real estate.

Resources for your personal finances:
» Investment Dictionary
» Economic Calendar
» Investment Blog

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Broker Reviews

  • TastyWorks Review 2022
  • WellsTrade Review 2022
  • Webull Review 2022
  • Vanguard Review 2022
See all brokers...

Broker Comparisons

  • Webull vs Robinhood: 2022 Broker Comparison
  • TD Ameritrade vs Robinhood: 2022 Broker Comparison
  • Fidelity vs. Merrill Edge: 2022 Broker Comparison
  • Fidelity vs. Charles Schwab: 2022 Broker Comparison

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