Which brokerage has the most users?
Fidelity boasts the most active brokerage accounts, with 386 million, among major firms for which data is available.
| Rank | Broker | Active Clients |
|---|---|---|
| ProStocks | - | |
| 1 | Groww | 9,185,024 |
| 2 | Zerodha | 7,223,525 |
| 3 | Angel One | 5,983,067 |
| Stock Brokerage Firm | Assets under management* |
|---|---|
| Vanguard Group | $8.6 trillion |
| Charles Schwab | $8.5 trillion |
| Fidelity Investments | $4.4 trillion |
| JPMorgan Chase & Co. | $3.9 trillion |
- Charles Schwab - Best for high net worth investors.
- Merrill Edge - Best rewards program.
- Fidelity - Best overall online broker.
- Interactive Brokers - Great overall, best for professionals.
- E*TRADE - Best web-based platform.
Fidelity serves more than 43 million accounts, while Charles Schwab has more than 34 million accounts. Charles Schwab has $8.2 trillion in client assets, while Fidelity has $11.5 trillion in assets under administration.
- Fidelity - Best overall.
- E*TRADE - Best for mobile trading.
- Charles Schwab - Best desktop stock trading platform.
- Merrill Edge - Best research experience.
- Interactive Brokers - Best for professional traders.
The largest brokerage firms are household names: Vanguard, Charles Schwab, Fidelity, Bank of America (specifically Merrill Lynch), and J.P. Morgan each manage trillions of assets and millions of accounts. Vanguard alone has $8.2 trillion assets under management (AUM) as of July 31, 2023.
This year, the event attracted more than 3,500 industry experts from 160 countries, with more than 100 speakers from 1,600 companies taking the stage. The highlight of iFX Expo Latam 2024 was the award ceremony, where Fxview was honoured with the title of the Fastest Growing Broker.
| Company | Forbes Advisor Rating | Learn more CTA below text |
|---|---|---|
| Interactive Brokers | 4.4 | Via InteractiveBrokers' Secure Website |
| TD Ameritrade | 4.4 | Read Our Full Review |
| Fidelity Investments | 4.4 | Read Our Full Review |
| Charles Schwab | 4.3 | Read Our Full Review |
What are the top three stock brokerages?
- Top 18 Stock Brokers in India. ICICI Direct. Angel Broking. Alice Blue. blinkX By JM Financial Services. Shoonya. Zerodha. HDFC Securities. 5Paisa. Upstox. Sharekhan. Motilal Oswal. Kotak Securities. India Infoline (IIFL) SBI Cap Securities (SSL) Choice. ...
- Newer Stockbrokers with Best Services. Paytm Money. Groww.
| Broker | Best for | Account minimum |
|---|---|---|
| Fidelity Investments | Overall trading | $0 |
| E-Trade | Mobile app | $0 |
| TD Ameritrade | Investor education | $0 |
| Charles Schwab | Long-term investing | $0 |
Warren Buffett's Berkshire Hathaway portfolio owns only two ETFs. One of the two is the Vanguard S&P 500 ETF (NYSEMKT: VOO). Buffett even instructed in his will that 90% of the cash his family inherits be invested in a low-cost S&P 500 fund -- and he recommended Vanguard's.
For over three decades, Schwab has worked with leading Registered Investment Advisor (RIA) firms to address the unique needs of their ultra-wealthy clients.
While not all of the households in this study are millionaires, the vast majority of them are. The median household in the study has over $1 million with Vanguard and those below the median have assets outside of Vanguard (i.e. real estate, non-Vanguard accounts, etc.) that make most of them millionaires as well.
Bottom line. The reality is that either Schwab or Fidelity is an excellent broker choice for investors. The differences between the two are very small and may only matter to those looking for very specific offerings such as futures trading or a certain mutual fund.
Most investors would do fine with either broker in this context. The choice may come down to your preferred trading instruments: only Schwab offers futures trading, and only Fidelity supports forex. It's worth noting that Schwab also offers more international trading opportunities.
You can't go wrong with either. However, the more active or sophisticated investors might prefer Charles Schwab's somewhat greater range of tools and analytical data. More casual investors might have a better experience with Fidelity's streamlined user interface and intuitive approach.
The ownership structure of Charles Schwab (SCHW) stock is a mix of institutional, retail and individual investors. Approximately 62.84% of the company's stock is owned by Institutional Investors, 6.14% is owned by Insiders and 31.02% is owned by Public Companies and Individual Investors.
Examples of brokers with Lowest brokerage charges in India include Zerodha, Angel One & Kotak Securities . These platforms often appeal to traders and investors seeking cost-effective options with transparent fee structures, providing a variety of financial instruments at competitive rates.
Is Vanguard safer than a bank?
Your money is not as safe as it would be in a bank or savings with FDIC and SBIC, but Vanguard is not about to go under and depending on the particular investment, some mutual funds offer more protection than others.
Warren Buffett is often considered the world's best investor of modern times.
J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA, and SIPC.
The recent Morgan Stanley acquisition of E*TRADE is one of the biggest shake-ups in the brokerage industry in recent years.
As of March 2023, LPL Financial was the largest independent broker-dealer by gross revenue, with margins of roughly 8.6 billion U.S. dollars roughly 2.4 billion U.S. dollars more than the second largest independent broker in the United States which was Ameriprise Financial.
