Top 25 Broker-Dealer Firms for | Investopedia

There are five major stock brokerage houses in the United States, often referred to as the "big five brokerages. Scottrade is a privately owned retail brokerage and is often classified as a "discount brokerage. The company was established in to provide services to self-directed investors.

In , it is based out of St. Louis, Missouri, and has branch offices in the U. As of October , Scottrade reported having 3.

All of these customers, plus an additional 1. In operation for more than 40 years, Charles Schwab NYSE: SCHW is a leading investment brokerage and IRA custodian firm in the U. It was the first real discount brokerage, although there are cheaper alternatives available in The firm added an average of 80,plus gross accounts every month in , making it one of the fastest-growing brokerage houses in the world.

Like with Scottrade, Schwab customers can open checking accounts with their brokerage accounts. Fidelity is the nation's largest keeper of k retirement savings plans and the largest provider of b plans for nonprofits.

Through its mutual funds and other advisory services, Fidelity has tens of millions of nonbrokerage customers, something the other "big five" companies cannot claim.

As of Q2 , Fidelity had There are more than investor centers in the U. Fidelity is the best choice for brokerage clients who also want to invest in Fidelity ETFs and mutual funds, there are more than Fidelity funds, since the firm offers discounts and commission-free transactions for Fidelity products.

Otherwise, there are probably cheaper and more intuitive platforms out there.

Founded in Palo Alto, the heart of the American technology sector, in , E-Trade NASDAQ: ETFC began as a holding company and has transformed into a leading online discount brokerage service. The company was hit hard during the financial crisis because of high exposure to subprime mortgage portfolios. Its stock dropped The turnaround worked, and E-Trade is a leading financial firm when it comes to mobile accessibility, online trading tools and a customizable user experience.

The firm also offers two checking accounts and mortgages.

America's Top Stockbrokers

TD Ameritrade Holding Corp. The Omaha-based firm became TD Ameritrade after the old Ameritrade acquired TD Waterhouse USA from TD Bank Financial Group. Dictionary Term Of The Day. A measure of what it costs an investment company to operate a mutual fund. Latest Videos PeerStreet Offers New Way to Bet on Housing New to Buying Bitcoin?

10 Largest Online Discount Brokerage Firms Ranked by Size, AUM

This Mistake Could Cost You Guides Stock Basics Economics Basics Options Basics Exam Prep Series 7 Exam CFA Level 1 Series 65 Exam. Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education. The Biggest Stock Brokerage Firms in the US SCHW, ETFC By Sean Ross November 4, — Scottrade Scottrade is a privately owned retail brokerage and is often classified as a "discount brokerage.

Charles Schwab In operation for more than 40 years, Charles Schwab NYSE: Fidelity Investments Fidelity is the nation's largest keeper of k retirement savings plans and the largest provider of b plans for nonprofits. E-Trade Founded in Palo Alto, the heart of the American technology sector, in , E-Trade NASDAQ: TD Ameritrade TD Ameritrade Holding Corp. Online securities behemoth TD Ameritrade NASDAQ: The deal will be completed Scottrade, founded in , offers a wide range of financial services and investment possibilities for retirement assets.

TD Ameritrade has a solid reputation for retirement services. We look at minimum deposits, customer service and all of the important details about the Scottrade trading platform.

Largest Brokerage Firms in U.S.

Charles Schwab focuses on high-service IRA and Roth IRA accounts, with a vast array of investment choices that have no fees, commissions or sales charges. Discount brokerage Charles Schwab NYSE: SCHW is becoming even more of a discounter: We review six leading online brokers that are offering cash bonuses for opening a new account. Open an IRA through brokerage firms, mutual funds, banks and other major financial institutions, or through large Internet Find out who Charles Schwab's main competitors are and how they stack up.

Learn the information you need to make informed SCHW , ETFC , AMTD. No thanks, I prefer not making money. Content Library Articles Terms Videos Guides Slideshows FAQs Calculators Chart Advisor Stock Analysis Stock Simulator FXtrader Exam Prep Quizzer Net Worth Calculator.

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