TD Ameritrade
TD Ameritrade has dethroned last year's victor, tastytrade, as the best for mobile options traders. In recent years, TD Ameritrade and tastytrade have been neck-and-neck, but tastytrade's neglect of news and fundamental research has given thinkorswim® the upper hand. TD Ameritrade is a popular online broker because of the wealth of tools it offers its clients, from beginners to advanced investors. Founded in 1975, Charles Schwab acquired the firm in 2019.
Whether you're an active trader or a passive investor, you'll find a platform at TD Ameritrade that suits your needs. The convenience of being able to trade stocks, options, and other investments on a single platform may outweigh the somewhat higher options commissions offered by this broker.
Pros:
- Broad range of product offerings
- Excellent educational materials
- Solid options analytics on thinkorswim®
- Near equality between the powerful desktop and mobile platforms
Cons:
- No fractional shares trading
- No automatic sweep of uninvested cash
- Cryptocurrency trading limited to futures on Bitcoin
Account Minimum: $0.00
Fees: $0.00 for equities and ETFs. $0.65 per contract for options. Futures $2.25 per contract
Website: https://www.tdameritrade.com/