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Robinhood
>0 fee trading. SIPC, not FDIC-insured. To stay competitive against other brokers
they now offer "cash management", a 2.05% APY interest on uninvested money in their
account with the ability to spend it through a special Mastercard debit card. The
money in the cash management program is FDIC insured. They can change the interest
rate at any time.
Fidelity
>0 fee trading.
One of the oldest and largest broker. FDIC/SIPC.
Schwab
>0 fee trading.
One of the oldest and largest broker. FDIC/SIPC
Interactive Brokers
>0 fee trading.
It was the cheapest broker for active traders before the no fee war. Ibkr lite is 0
fee. Ibkr pro is $1 per trade and it costs you 10$/month of inactivity fees
(whether you make 0 trade or 10 trades per month it will cost you 10$) Lowest
margin interest. Free API access. FDIC/SIPC.
TD Ameritrade
>0 fee trading. Fantastic data/charting through their free ThinkorSwim service.
One of the oldest and largest broker. FDIC/SIPC
E*trade
>0 fee trading.
One of the oldest and largest broker. FDIC/SIPC
Tradestation
>0 fee trading. SIPC, No FDIC.
TastyWorks
>Super cheap options commission. SIPC, no FDIC.
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If you don't live in the USA but want to trade or invest in US stocks, check which
of those brokers accept residents of your country. If none of them accept residents
of your country, do extensive research to find a reputable broker and what would
happen to your cash balance sitting in their account if they go bankrupt.