12 Best Brokerage Account for Beginners in 2023

12 Best Brokerage Account for Beginners in 2023

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Picking The Best Online Brokerage Account
There’s no single broker that is perfect for everyone. We all have different financial goals, investing styles, and support needs. That’s why you’ll need to compare and contrast other elements provided by brokers and select the one that makes the most sense for you. Here are some factors to keep in mind:

Cost: As a beginner, you’ll likely be drawn to brokers who don’t charge commissions for stocks and ETF trades. As you get more advanced, you may find that your broker will charge fees and commissions on more complex trades and investments.

Account minimums: Some online brokers won’t charge anything to open an account, while others require a minimum between $5 and $500. Most beginners prefer brokers who don’t require a minimum to open an account.

Variety of funds: Great brokers will offer a variety of funds to choose from, such as individual stocks, exchange-traded funds, and mutual funds. Low-cost and no-fee funds are a great way to begin investing without a ton of market knowledge.

Special Features: Many brokers draw in customers through special features. You may find that certain perks are more attractive than others. For instance, you might be drawn to a broker that offers easy-to-understand news and research articles provided within the app or platform.

Support & Education: Last but not least, you’ll want as much support as you can as a beginner. Look for a broker who offers an ample amount of live customer support, plus educational resources.

12 Best Online Stock Brokers for Beginners
Here are the 12 best brokerage accounts for beginners:

Robinhood

TD Ameritrade

E*Trade

Fidelity

Charles Schwab

Merrill Edge

Interactive Brokers

SoFi Active Investing

Vanguard

Firstrade

Ally Invest

Webull

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