HACKER Q&A
📣 Hedgemaster

What is your favourite stocks/options trading platform?


Hi HN community,

I would appreciate if you could share which trading brokerage (if any) you prefer the most and why (execution quality, UI, fees, user support, etc.)

Thank you!


  👤 tedyoung Accepted Answer ✓
I like TD Ameritrade (now owned by Schwab, but still has their own web site) for its generally good execution (as far as I can tell), but mostly because it still has the best mobile (iPad) app that I use for the majority of my stock and options trading. Note that there are two apps: TD Ameritrade and thinkorswim (aka TOS). TOS is the one you want, and their desktop TOS app is also really good, but I actually find the iPad app to be more than sufficient for most of my trading.

They continue to work and improve it (which I'm relieved about, because Schwab's mobile app is awful, Webull is worse, and I don't know how anyone uses RobinHood for options trading, it's so hard to do cancel/replace orders with them, which I do constantly).


👤 heckingoodtimes
Fidelity and Vanguard for best execution—which is the most important aspect for me. Self-clearing, sufficiently capitalized and don’t accept PFOF. They are improving their trading UI and I think they’re definitely headed in the right direction on that front. I don’t yet trade options on either, so no comment on that.

👤 nknealk
Charles Schwab. I’ve been a customer for decades.

The good: Similar to vanguard and fidelity on most dimensions which are also mentioned in this thread, but they’re also a bank so you can have a checking + savings account with them and all your finances are then in one place (IRA, brokerage, banking all in one). Their checking accounts offer free ATM withdrawals from any ATM world wide and when traveling they offer the actual exchange rate when withdrawing cash. Also, they have excellent customer service in my experience. Their research offering on equities is decent. Also $0 commissions on on trading equities, ETFs, most bonds and CDs.

Down sides in my opinion (YMMV): options trading is meh on Schwab, but most people shouldn’t be dabbling in options anyway. Their fully managed offerings have 0% fees, but the funds they pick internally are somewhat higher fee Schwab funds so watch out for that. You might be better off managing your own set of mutual funds/ETFs rather than going with their robo advisor if that’s what you’re after. Sometimes they do maintenance on their site on the weekends that spans beyond the midnight hours. Their mobile app is very functional but some features are slow even on an iPhone 12. Few physical branches if that’s important to you.


👤 vmurthy
You didn't ask the country so my answers might slightly differ

1. India - Kite by Zerodha[0]. Zero brokerage fees (!) for equity delivery. INR 20 for options. Easy to understand UI and great community

2. Australia - Superhero [1]. Zero brokerage for buying ETFs. Easy app but given my infrequent usage (once a month) not really a problem.

[0]https://zerodha.com/ [1]https://app.superhero.com.au/log-in


👤 leet_thow
Alpaca for algorithmic trading and Ally for standard portfolio. Both have solid APIs, zero commissions and the required orders for my strategies.

👤 zaidos
Disclosure: I work on this :)

I'm on the founding team of Options AI. We're taking a fresh approach and focusing on removing the complexity and friction involved with creating and managing options trades. Our customers tend to use options to generate income rather than the YOLO trades seen on reddit. The interface is visual and translates the information embedded in the chain so you can deploy smarter strategies and manage portfolio risk. Visit our site for more info: https://www.optionsai.com

It's $5 per trade - any strategy or size but I've added a referral link with 2 months free if you would like to give us a try. https://id.options.ai/register?code=hackernews


👤 d4rkp4ttern
I looked at several and settled on M1Finance, where I’m able to create a few “pies” (allocations among various ETFS) and even mixtures of pies, and just forget about it.

It’s not strictly a “trading” platform, in the sense that it’s not meant for day trading.

Was intrigued by Titan but they are pricey.


👤 nodesocket
Check out WeBull. Their macOS native app is very good. Nearly a Bloomberg terminal. Real time quotes, amazing charts, and data feeds with news. Zero commission trades and options.

Shameless referral link if you feeling it (both get rewards).

https://act.webull.com/po/Waj6YqDt8arm/6dy/inviteUs/pop


👤 CheezeIt
I haven’t really investigated it too hard. I use Robinhood because it has 0 fees for stocks, options, and crypto (but I’ve mostly moved on to an exchange that lets me withdraw crypto). I also use Robinhood because it has 2.5% interest for margin (with 6% interest on the first $1000, counting the $5/month Robinhood Gold fee). And also, instant deposits.

I’ve found the UI to be pretty poor in some respects.


👤 dnadoba
I really like Trade Republic. Native iOS & Android App, only 1€ fee per transaction, many Stocks, Derivatives and even Crypto. However, it's only available in Germany, Austria and France.

👤 marto1
Don't really use it for trading, but TradingView has top notch charting and their screener ain't half bad either.

👤 Ir0nMan
Desktop Trading: TDAmeritrade.

Mobile Trading: E-Trade.


👤 borutodev
I really love Alpaca. You can use their TradingView integration as a no-code solution.

👤 sshah1983
Public.com - it’s fun.

👤 rattlesnake45
tastyworks

👤 ALeus26
Interactive Brokers, great execution quality, normally use their desktop version since find their mobile app somewhat cumbersome..

P.S. Oliver, is that really you? How was your space flight? :) Btw your comment is "dead" so you should contact the admin to fix that.


👤 throwawaysea
The typical answers are TD Ameritrade, Interactive Brokers, Fidelity, Charles Schwab, and eTrade. Note that CS and TD are merging but their products and accounts remain separate for now and they will merge those over the next few years. Robinhood, webull, etc are the newcomers that are popular in a memestocks sort of way, but aren’t actually better. Robinhood does give you access to IPOs that you can’t get elsewhere if you’re into that kind of risk. If you’re a casual investor though, the nuanced differences between these platforms won’t matter as much for you.

👤 Oliver_Daemen37
Robinhood hands down!! To the Moon!

Before moving to the US I used to trade via Degiro (Dutch local brokerage), there is no much choice in the Netherlands.. US is the land of opportunities like space conquest and commission-free trading :)