Trading Accounts

When beginning to invest it is important to understand that not all trading accounts are built equally. If you just want to know what the best trading account is to use, the short answer in my opinion is Fidelity. They sell their stocks at market rate and have no fees on U.S. based stocks. To me this is all that I can ask for in a trading account. Many trading accounts will say they have no fees but in reality they are overcharging you a bit on each stock you buy and taking that cut off the top.

If you are looking for the trading account with the most analytical tools and trading options, I would recommend using TD Ameritrade. They have some amazing tools for tracking your stocks and they also have no fees on buying U.S. based stocks. The only time I have dealt with some fees on TD is with options trading which I no longer do anyway.

At the end of the day there are a ton of different trading accounts to choose from and they all are very similar in reality. I wanted to share with you the two best I have used personally because there are a couple that I have been unhappy with in the past. If you are just starting out I would definitely recommend Fidelity because of their lack of hidden fees and the mutual funds that they offer which we will go over in a later section.