Best Discount Brokerage Firms

Following are the top best discount brokerage firms or houses:

TradeKing - It was ranked No. 1 in Customer Service in the SmartMoney June 2010 Broker Survey; named No. 1 overall Discount Broker in the August 2006 and 2007 Broker Survey; based on the following categories: Mutual Funds & Investment Products, Banking Services, Trading Tools, Research, and Customer Service.

TD Ameritrade - It was recognized as one of the top 3 discount brokerage firms in SmartMoney Magazine's 2010 Broker Survey. The company received a 5-star rating in the Mutual Funds & Investment Products, Trading Tools, Research and Customer Service categories. It uses some of the most advanced trading technology and powerful trading tools to help investors spot potential market opportunities.

Scottrade - In February 2005, The American Association of Individual Investors ranked Scottrade the No. 1 online discount broker, based on trade price, speed of execution, reliability and satisfaction. The company introduced the concept of “deep discount” trading, providing an even greater value for investors.

Fidelity - It is the No. 1 Discount Broker (SmartMoney Magazine, June 2010). Results based on ratings in the following categories: commission and fees, interest rates on cash, mutual funds & investment products, banking services, trading tools, research and customer service. In addition, Fidelity tied with TD Ameritrade for the No. 1 spot in an industry review ranking 14 leading discount brokers by Kiplinger's magazine (February 2011). Results based on ratings in the following categories: costs, web site usability, customer service, investment choices, research and tools.

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Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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