10 Best Discount Brokers of 2022

Jan 27, 2024 By Susan Kelly

When it comes to finding the best discount broker, there are many things to consider. Fees, investment options, and customer service all play a role in making a good discount broker. The most important thing is to find a broker that offers low trading fees and commissions. You also want to find a broker with a wide selection of investment options, including stocks, ETFs, mutual funds, and options. And finally, you want to find a broker with a user-friendly platform with plenty of educational resources.



That's why we've compiled a list of the 10 best discount brokers for 2022. We looked at various factors, including account minimums, commissions, and investment options, to find the top brokers in the industry.


So, whether you're looking for a broker that offers a wide range of investments or one that has low fees, you'll find the right one on our list.


1. Fidelity Investments


Fidelity Investments is one of the largest and most popular discount brokers in the United States. They offer a wide selection of investment options, including over 3,000 mutual funds and more than 300 ETFs. They also have a user-friendly platform with plenty of educational resources. And best of all, they have low trading fees and commissions. It also offers commission-free trading on over 500 ETFs.


2. TD Ameritrade


TD Ameritrade is another popular discount broker that offers a wide selection of investment options. They have over 13,000 mutual funds and over 5,000 ETFs to choose from. They also have a user-friendly platform with plenty of educational resources. And best of all, they offer commission-free trading on stocks, ETFs, and options. It also has a great customer service department.


3. Charles Schwab


Charles Schwab is one of the most well-known discount brokers in the United States. They offer a wide selection of investment options, including over 20,000 mutual funds and 2,000 ETFs. They also have a user-friendly platform with plenty of educational resources. And best of all, they offer commission-free trading on stocks, ETFs, and options. It also has a great customer service department.


4. Ally Invest


Ally Invest is another top pick for the best discount broker. It offers a wide range of investment options and has some of the lowest fees in the industry. It also has a great customer service department, which is important when dealing with your finances.


5. Merrill Edge


Merrill Edge is a good option for people looking for a broker with a lot of investment options. It offers more than 300 different funds and a wide variety of stocks and ETFs. It also has a good customer service department.


6. E*TRADE


E*TRADE is a good choice for people looking for a broker with a lot of investment options. It offers more than 4,400 different funds and a wide variety of stocks and ETFs. It also has a good customer service department.


7. Vanguard


Vanguard is popular among investors thanks to its low fees and wide selection of investment options. It offers more than 170 mutual funds and stocks, ETFs, and bonds.


8. Betterment


Betterment is a good choice for people looking for a broker with a lot of investment options. It offers more than 300 different funds and a wide variety of stocks and ETFs. It also has a good customer service department.


9. Wealthfront


Wealthfront is another good choice for people looking for a broker with a lot of investment options. It offers more than 300 different funds and a wide variety of stocks and ETFs. It also has a good customer service department.


10. Scottrade


Scottrade is a good option for people looking for a broker with a lot of investment options. It offers more than 300 different funds and a wide variety of stocks and ETFs. It also has a good customer service department.


Takeaway


After careful analysis and comparison, the 10 best discount brokers of 2022 have been determined. Each of these brokers offers a variety of services and discounts that will appeal to a wide range of investors. So whether you are just starting out or looking for a more sophisticated trading platform, one of these discount brokers is sure to meet your needs.


If you have any questions, please let us know! We would be more than happy to answer!

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