Who Are the Best Small Online Brokers?
Brokerage start-ups such as Robinhood, M1 Finance and SoFi are tiny compared with the trillions of dollars in brokerage assets at the likes of Schwab and Fidelity. But they’ve already made a big dent in the way things work: These newcomers pioneered commission-free stock trading and fractional-share purchases, and now those services are standard fare at the big online brokers.
The smaller firms don’t qualify for because they don’t offer mutual fund or bond trading.
