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Best brokerages for beginners (2022)
The best online brokerages for beginners offer low or no fees, an intuitive interface, and a variety of account types to serve your needs. To make our selections, we considered pricing and fees, investment options, account types, investment platforms, investment research, and education resources.
Best for most users: Charles Schwab
4.79 out of 5
Trade fees: $0 for stocks and ETFs
Account fees: None
Robo-adviser fee: $0
Consider it if…
You want a wide range of account types; easy-to-use apps and web interface
App store rating
4.8 iOS/3.7 Android
Why Charles Schwab made our list:
Charles Schwab is our choice for best overall brokerage for beginners because it offers something for investors with virtually any investment need. Not only does it give you the ability to manage all of your banking and investments with one login, but its investment tools are also designed in a way that they can grow with you as you learn more and level up your investing style.
For investors who want to manage everything themselves, you can choose self-directed traditional brokerage and retirement accounts where you pick all of your investments with no commissions for stock or ETF trades. These accounts have no fees and no minimum balance requirements. Schwab also offers a robo-adviser, Schwab Intelligent Portfolios, that can manage all of your investments for you for no added charge.
Schwab is best for investors who want every potential investment need covered at a very low cost. Whatever your needs are in the future, …read more