In addition to free stock and ETF trades, Fidelity customers have access to nearly 3,500 mutual funds with no transaction fees. Fidelity offers a wide range of accounts with no fees or minimum balance requirements, as well as a suite of investor tools and resources focused on helping customers reach their retirement goals. Read Our Review A looong arrow, pointing right Why Fidelity made our list:įidelity is a top choice if your main goal is investing for retirement. Best for all levels of investors: Fidelity It primarily offers stocks, ETFs, and cryptocurrencies. ![]() What to look out for: While SoFi is generally a great choice for investors who value low costs, it has a fairly limited investment selection. SoFi is best for inventors who are comfortable with technology. That includes free financial planning sessions, career coaching, and other perks for SoFi members. While it doesn't have quite as robust an offering, SoFi comes with several very valuable perks at no extra charge. SoFi charges a 1.25% markup on each crypto transaction. On the cryptocurrency end, you can exchange bitcoin, ethereum, litecoin, and more than 27 other coins and tokens. Stock and ETF trades are commission-free. There are no mutual funds available through SoFi. The only big downside of these accounts is that you can only trade stocks, ETFs, and cryptocurrencies. Those include both taxable investment accounts and IRA or Roth IRA retirement accounts. SoFi offers active investing accounts and managed robo-adviser accounts with no recurring fees and a $1 minimum to get started. It also offers a great bank account, lending products, and other financial tools to help you get an understanding of your investments. It has a slimmer lineup of accounts than some bigger competitors, but it covers the most common needs for managing your investments. SoFi is best for investors looking for a simple and straightforward investing experience. Read Our Review A looong arrow, pointing right Why SoFi made our list: What to look out for: Schwab's robo-advisor, Schwab Intelligent Portfolios charges no advisory fees, but it has a higher account minimum requirement ($5,000) than most automated accounts. Whatever your needs are in the future, odds are Schwab will have a solution that works for you. Schwab is best for investors who want every potential investment need covered at a very low cost. ![]() The account has a $300 one-time planning fee and includes a $30 monthly fee. Note, however, that you'll need a minimum of $25,000 to get started. This account combines robo-advice with unlimited guidance from a certified financial planner (CFP). If you want to take automated investing a step further, you can upgrade to Schwab Intelligent Portfolios Premium. But you'll need at least $5,000 to use this account. Schwab also offers a robo-adviser, Schwab Intelligent Portfolios, that can manage all of your investments for you for no added charge. ![]() These accounts have no fees and no minimum balance requirements. 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.įor 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. Read Our Review A looong arrow, pointing right Why Charles Schwab made our list:Ĭharles Schwab is our choice for best overall brokerage for beginners because it offers something for investors with virtually any investment need.
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