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lindagray

Interactive Brokers - Best for Low Commission Rates

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Interactive Brokers - Best for Low Commission Rates

In terms of volume, Interactive Brokers is technically the largest online stock trading platform in the U.S. It also advertises itself as the “lowest cost broker,” and for good reason: It dropped commissions on stocks and ETFs (Exchange Trade Fund), and only charges $0.70 per contract fee for options.

If you’re an active, high-volume trader who dabbles in all kinds of assets, Interactive Brokers is a great option, since you can trade just about anything without losing $5 to $7 on every transaction. The platform interface isn’t nearly as user-friendly as Robinhood’s, nor as intuitive as TD Ameritrade’s; however, if you’re the kind of investor who’d benefit the most from Interactive Brokers (i.e., an experienced one), you’ll know your way around a candlestick chart already.

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