What is a discount broker?

ALSO CONSIDER: Best brokerage account promotions || Brokerage accounts with high interest rates || Best brokers for free trading || Best investing apps A discount broker is an online stock broker with rock-bottom pricing — generally, discount brokers charge no commission to buy or sell stocks, and keep other fees as low as possible.

What are the best discount brokers?

Benzinga readers often choose Interactive Brokers or Robinhood as the best discount brokers. There have never been more options for traders looking to buy and sell stocks on the cheap. Heightened competition and industry consolidation has led to pricing wars among online brokers, and commissions have now been falling for several years.

How to choose a discount broker?

The best discount brokers charge low fees (or none) for standard stock and ETF needs and low fees on these other assets. Some will also avoid any commissions and instead rely on account fees like a fixed monthly charge or a percentage of assets under management approach like robo-advisors use.