Charles Schwab
A well-known discount broker that dropped its trading commission to zero in 2019, Charles Schwab Corp.’s (ticker: SCHW) free trading applies to ETFs, stocks, fractional shares and Schwab mutual funds. Options trades also have no commission, but there is a 65-cent fee per contract. There is no account minimum for self-directed accounts, so opening an account and funding it is relatively easy. Schwab also offers several research tools and educational materials. On top of that, the broker has an automated investing platform, Intelligent Portfolios, for those interested in a robo-advisor product, although you’ll need at least $5,000 to get started. But once you do start, there’s no advisory fee for the service, which is an impressive deal.
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