To help determine the best online stock broker, we reviewed thousands of Dogs of the Dow investor stock broker reviews. You can read a sampling of stock broker reviews from fellow Dogs of the Dow investors (all Top Dog Broker links are listed below).
Top Dog Broker Pages: Top Dog Brokers | Stock Broker Reviews | Top Dog Brokers Comment Form
Broker Reviews: Fidelity | Charles Schwab | TD Ameritrade | E*Trade | Interactive Brokers | Ally Invest | USAA Brokerage | MerrilEdge | Vanguard | Robinhood
The universe of online stock brokers is vast. We narrowed the list to a much more manageable size which you can review via our Top Dog Brokers list. And if you have had experience with an online stock broker, let us know how they are doing via our Top Dog Brokers Comment Form.
What did we learn from all the stock broker reviews we received so far?
Higher commission rates / account service fees do not necessarily equal higher overall customer satisfaction. After analyzing thousands of survey responses, we found that several brokers with $0 commissions, no annual account fees, and few/low service fees had very high customer satisfaction.
Even though we believe that any broker which makes it to our exclusive list of Top Dog Brokers is worth your consideration, there are a couple that stand out.
First, what we considered…
A. Price (see Top Dog Brokers)
B. The latest results from the Dogs of the Dow Broker Survey. The survey gave us a very good indication of overall customer satisfaction and market share. We feel that market share is an important indication of staying power. We don’t want to go through the trouble of opening an account to later find that our broker is closing up shop. FYI – You can get the latest results from the Dogs of the Dow Broker Survey by signing up to the Dogs of the Dow Newsletter.
C. Online stock broker reviews/comments from the Dogs of the Dow community.
The Best Online Stock Broker…
With $0 commissions, high customer satisfaction, and significant market share Charles Schwab stood above the rest. However, competition in the online brokerage arena is fierce (just the way we like it) and as a result we have one honorable mention — Fidelity Investments. In fact, it was a virtual dead heat with Charles Schwab edging out Fidelity Investments due to its slightly higher customer satisfaction.
We believe that any Dogs of the Dow investor who is either unhappy with their current online stock broker or just looking for a better deal would do well to take a look at what Charles Schwab (and Fidelity) has to offer. As always, we will keep poring over everyone’s feedback and let you know the instant a great deal can be found.
