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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