Once you know exactly how and when you are going to buy and sell your stocks, it is then necessary to keep costs low. Basically, one should consider a deep discount broker. Why pay for a full service broker if you already know which stocks you are going to buy? The following table lists the best online brokers for the Dogs of the Dow investor. From this exclusive list you can easily investigate further and determine which broker best meets your needs.
If you have any insight into any one of the Top Dog Brokers, feel free to fill out our Top Dog Brokers Comment Form. To see what your fellow Dogs of the Dow investors are saying about our exclusive list of best online brokers, check out Best Online Stock Brokers. If you would like to be notified whenever there is a revision to the Top Dog Brokers plus get the latest results from the Dogs of the Dow Broker Survey, sign up to receive our popular Dogs of the Dow Newsletter.
| Brokerage1 | Commission2 | Login | Commissions3 | Fees3 | Reviews | Notes |
|---|---|---|---|---|---|---|
| Charles Schwab | $0.00 | Charles Schwab Login | Charles Schwab Commission Schedule | Charles Schwab Additional Fees | Charles Schwab Reviews | High customer satisfaction.4 No minimum initial deposit required. No annual account fees. |
| Fidelity | $0.00 | Fidelity Login | Fidelity Commission Schedule | Fidelity Additional Fees | Fidelity Reviews | High customer satisfaction.4 No minimum initial deposit required. |
| TD Ameritrade | $0.00 | TD Ameritrade Login | TD Ameritrade Commission Schedule | TD Ameritrade Additional Fees | TD Ameritrade Reviews | No minimum to open an account. A $2,000 deposit is required to be considered for margin and options privileges. |
| E*Trade | $0.00 | E*Trade Login | E*Trade Commission Schedule | E*Trade Additional Fees | E*Trade Reviews | $500 minimum initial deposit required. No inactivity fees. |
| Interactive Brokers | $0.00 and up | Interactive Brokers Login | Interactive Brokers Commission Schedule | Interactive Brokers Additional Fees | Interative Brokers Reviews | Twp plans: IBKR lite and IBKR Pro. Lite: commission-free, no account minimum and no inactivity fees. Pro: two pricing structures - fixed rate ($0.005/share with a $1/trade min.) or tiered (based on volume). Inactivity fees exist (e.g. <$100,000 in account, Monthly commissions <$10) |
| Robinhood | $0.00 | Robinhood Login | Robinhood Commission Schedule | Robinhood Fees | Robinhood Reviews | Robinhood Gold starting at $5/month gives you professional research reports, margin, and bigger instant deposits. |
| Ally Invest | $0.00 | Ally Invest Login | Ally Invest Commission Schedule | Ally Invest Additional Fees | Ally Invest Reviews | No minimum initial deposit required. No inactivity fees. |
| USAA Brokerage | $4.95 | USAA Brokerage Login | USAA Brokerage Commission Schedule | USAA Brokerage Additional Fees | USAA Brokerage Reviews | High customer satisfaction.4 |
| Merrill Edge | $6.95 | Merrill Edge Login | Merrill Edge Commission Schedule | Merrill Edge Additional Fees | Merrill Edge Reviews | Can qualify for $0 commissions if certain balances are maintained. See commission schedule. Part of Bank of America. |
| Vanguard | $20.00 | Vanguard Login | Vanguard Commission Schedule | Vanguard Additional Fees | Vanguard Reviews | High customer satisfaction.4 $7 for first 25 trades. $20 annual account service fee. $7 commissions if $50k-$500k in Vanguard products (e.g. Vanguard funds) and $2 if $500k+ in Vanguard products. |
1 – To be a Top Dog Broker, the brokerage in question must be relatively well known (e.g. significant market share), reputable, charge $20 or less per trade, and offer a straight forward commission schedule.
2 – Commission rates are for internet orders on listed securities with less than 1000 shares per trade.
3 – Always review the commission and fee schedules before applying since they are subject to change.
4 – Customer satisfaction based on the latest results from the Dogs of the Dow Broker Survey. If you would like to receive the latest results, sign up to receive our popular Dogs of the Dow Newsletter.