With the advancement of online stock platforms, new investors no longer need to worry about transaction fees and investment minimums. These investment tools offer several helpful features for both advanced and novice traders for affordable trading. Here are some of the best platforms for stock trading in 2020 – 

E*Trade

It is the well-renowned online platform helpful for new investors to make more informed decisions and get started. You don’t have to pay any transaction fees for trading stocks and there are no account minimums to start investing. It doesn’t support Forex or crypto trading but it still has a good range of assets like futures, stocks, ETFs and options. 

It has professionally managed Core Portfolios to offer (with $500 minimum deposit). With Core Portfolios, you can customize your investment as per your financial needs and they also charge 0.3% per year as advisory fee. 

Ally Invest 

This online banking platform offers several financial services, such as savings accounts, checking accounts, and loans. It has managed and self-directed accounts for all types of traders. It has an investment platform with a lot of asset types, such as ETFs, stocks with commission fees, options, mutual funds and bonds. It also supports retirement accounts like SEP IRAs, Roth and Traditional. Like Core Portfolios by E*Trade, Ally Invest offers Managed portfolios to choose the right portfolio as per your risk tolerance and financial goals. It helps traders with market research features to make informed decisions by choosing the right investments. 

M1 Finance 

It has various financial services like debit cards, checking accounts, loans etc. along with core investment tools. It is easily accessible through websites or Android and iOS apps. It has a simple, minimalist design to instantly pick what you want. In addition, you can use most of its features for free. It doesn’t charge any transaction fees. In addition, you can open most of the accounts with just $100. It also offers fractional shares. Initially, you have to invest $500 for retirement accounts. 

Fidelity 

Before being an online trading platform, Fidelity was a huge investment brokerage chain with over 100 offices across the US. It also has an online platform to offer very competitive investment options. The fee structure is very reasonable, without minimum investment for a lot of account types, such as brokerage accounts and IRAs.