Most traders and investors don’t know that all brokers aren’t created equal. In other words, online brokers are very different from each other. A mistake most people make when they first decide to start trading/investing is to sign up with a broker they see advertised on TV without doing any kind of research on the broker.
I’ve been trading now for nearly 2 decades so I have seen far too many brokers come and go. So I am constantly updating my “preferred” brokers list based on the changes happening in the industry.
Not all my preferred brokers are the same either. Some are appropriate for some of my students while other brokers are better for others. I get dozens of emails a day about which broker is the “best” and I don’t have the time to answer those questions. To remedy this, I put together this blog post that reviews the brokers I use.