Online discount brokers are how many investors choose to manage their investment accounts. Reviews of many online brokers are mixed. However, these are brokers admired by users for a variety of reasons and what they have to offer.

Scottrade

Scottrade is reviewed by many people because they have an enormous consumer base and with more customers come more reviews. Many readers enjoy the commission offered by Scottrade which is per trade. Customers enjoy no fees for inactivity or maintenance seen with other online brokers along with an extremely low minimum deposit.

JD Powers and Associates named them the Highest Investor Satisfaction with Self Directed Services in 2008. For new customers Scottrade will cover up to $100 in fees to transfer your account to Scottrade from another brokerage.

OptionsHouse

OptionsHouse delivers extremely inexpensive commissions at a flat rate per trade of $2.95. They have the claim to fame of being Barron’s 2009 “#1 in Trade Experience”.

OptionsHouse is similar to Scottrade in offering new customers up to $100 in transfer fee coverage.

Zecco

Zecco is best known for their free of charge stock trades. If you are an investor that enjoys investments in ETFs instead of mutual funds and don’t want to pay commissions, Zecco is a better online broker than others for you.

Zecco has a qualification process for free online trades. If you don’t qualify for free online trades or use up the allotment amount they provide, Zecco has a base commission rate of $4.50 for each trade.

TradeKing

An attraction of TradeKing for many investors is their online abundance of investment tools. They have been rated one of the best online brokers by Barron’s. In addition, their customer service has been rated #1 by SmartMoney. The commission rate for online trades is $4.95 per trade.

E*TRADE

 E*TRADE has been identified as a convenient online broker. E*TRADE delivers a high yield savings account in addition to their online broker services. This online broker has been praised by both SmartMoney magazine and Money magazine as one of the best online for investors.     

Although E*TRADE has a slightly higher per trade commission of $6.99 compared with their online counterparts, but make up for that in online trading tools and a very user friendly interface.

Sharebuilder

ING Direct backs the Sharebuilder online broker company. Sharebuilder has no account minimum for trading along with no account inactivity fees. At $4 per trade they are highly competitive in the marketplace.

These are the best of the online brokers for investors searching for a way to get the finest service for the least amount of money by way of their online broker services.