Stocks, ETFs, Mutual Funds, Options, Bonds, Futures, Forex Currency, IPOs, Crypto $0 commission for stocks, ETFs, mutual funds and options trades. To switch this monthly fee for a 0.25% annual fee, like Wealthfront does, you have to set up recurring monthly deposits of $250 or reach a $20,000 balance across all your Betterment accounts. Do note, however, that you have to pay an additional 0.15% management fee.īetterment’s main drawback is that it charges a $4 monthly fee for accounts under $20,000. You can also set up recurring deposits and earn cash back when you pay with the Betterment Visa Debit Card.Īccounts with balances of $100,000 or more can be upgraded to Betterment Premium, which offer unlimited access to financial guidance from a Certified Financial Planner®. ![]() Other account features include automatic rebalancing of your portfolio and reinvestment of dividends. ![]() Upon opening an account you can pick an upfront tax-smart investing strategy that runs on autopilot, and keeps you informed with projections of potential returns. The company uses cutting-edge technology guided by the help of financial advisors in order to help secure the maximum return based on your risk tolerance, investment timeline, and other factors.īetterment may not be ideal for investors who want to actively trade stocks, but it is a great choice for more cautious, beginner or hands-off investors. Why we chose it: Betterment is our choice for hands-off investors because it features an easy way to configure automated investing based on target goals and tax-loss harvesting capabilities.īetterment is another robo-advisor that makes it easy to set it and forget it with your investments. Individual, Joint, Trust,Traditional IRA, Roth IRA, SEP IRA, Inherited IRA, Cash Reserve, Checking Account $4 monthly fee or 0.25% annual advisory fee for accounts over $20,000 While this is somewhat higher than what robo-advisors like Betterment and Wealthfront charge, with Fidelity you get advisory services, including financial planning and coaching. There is, however, a 0.35% annual advisory fee for accounts with balances over $25,000. There’s no minimum amount required to open an account and no advisory fees, trading fees or rebalancing fees for account balances under $25,000. It’s also one of the few brokers that offers mutual funds with a zero expense ratio.įidelity’s robo-advisor also stands out from its competitors. These rates can vary widely from one broker to another.įidelity features a wide variety of investment products, including domestic and international stocks, precious metals, cryptocurrencies and dollar-based investing through fractional shares. Margin rates are the cost brokers charge to investors with margin accounts - a type of account that lets you borrow money from the brokerage to buy shares. In addition, it offers some of the lowest margin rates. Those interested in holding larger portfolios and a more diverse investing strategy can also choose from two different wealth management plans assisted by personal investment advisors.įidelity doesn’t charge account fees or require a minimum deposit for opening any of its brokerage accounts. ![]() Why we chose it: Fidelity stands as the best overall online broker platform because it provides a wide range of investment choices, low margin rates and commission-free trades for stocks, options, ETFs, bonds and mutual funds.įidelity offers many different ways to invest, from self-directed brokerage accounts for those who want to manage their own portfolios to an affordable robo-advisor - Fidelity Go - for investors who prefer hands-off investing. Stocks, Fractional Shares, Mutual Funds, IPOs, ETFs, Options, Bonds, Precious Metals, Index, Bonds, Crypto $0 commission for US stocks, ETFs and options trades
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