Conversation with Merlin [email protected] · Thu Nov 30 2023

Compare the important features of the following brokers in one table: [S-Broker Sparkasse, Commerzbank Broker, ING Broker, Fidelity, Charles Schwab, Robinhood, TD Ameritrade, E*TRADE, Ally Invest, eToro, Merrill Edge, Wealthfront, Personal Capital, interactive brokers]

Unfortunately I do not have enough specific information about all of those brokers to provide a detailed feature comparison. Some high-level differences that may be relevant when evaluating brokers include:

  • Account minimums and fees - Some brokers have higher minimum deposits to open accounts or charge more fees for trades and services. Robinhood and eToro tend to have lower or no minimums. Merrill Edge and Wealthfront also do not have account minimums.

  • Trade platforms and tools - Brokers offer varying degrees of sophistication in their web/mobile platforms and availability of screening tools, research, charting etc. Thinkorswim from TD Ameritrade is well known for its platform. Interactive Brokers also has an extensive platform.

  • Investment choices - The range of available investments differs significantly. Most offer stocks, ETFs, options and mutual funds. Interactive Brokers offers foreign ordinary shares. Some include cryptocurrencies or fractional share investing.

  • Customer support - Review response times and support channels like phone, chat, branches. Many of the more traditional brokers like Fidelity and Merrill Edge have physical branches and large support staffs.

  • Account types - Availability retirement accounts like IRAs as well as account types for trusts, joint accounts, custodial accounts etc. can vary.

Without more specific requirements on features, it is difficult to compare all aspects feature-by-feature across such a large group of brokers in a single table. Let me know if you need details on evaluating any specific brokers or account types based on your needs.

Compare the important features of the following brokers in one table: [S-Broker Sparkasse, Commerzbank Broker, ING Broker, Fidelity, Charles Schwab, Robinhood, TD Ameritrade, E*TRADE, Ally Invest, eToro, Merrill Edge, Wealthfront, Personal Capital, interactive brokers]

Here is a table comparing some of the important features of the brokers you mentioned:

BrokerAccount MinimumsFeesPlatformInvestment ChoicesCustomer SupportAccount Types
S-Broker Sparkasse€0€0N/LimitedN/ARetirement accounts, joint accounts
Commerzbank Broker€0€0N/ALimitedN/ARetirement accounts, joint accounts
ING Broker€0€0N/ALimitedN/ARetirement accounts, joint accounts
Fidelity$0–$100$0–$25AdvancedWide range of investment options, including mutual funds, ETFs, and alternatives24/7 phone, email, chatRetirement accounts, joint accounts, custodial accounts
Charles Schwab$0–$2,000$0–$4.95AdvancedWide range of investment options, including mutual funds, ETFs, and alternatives24/7 phone, email, chatRetirement accounts, joint accounts, custodial accounts
Robinhood$0$0N/AStock, ETF, option tradingEmail, phone, chatNo minimum
TD Ameritrade$0–$9.99$0–$6.99AdvancedWide range of investment options, including mutual funds, ETFs, and alternatives4/7 phone, email, chatRetirement accounts, joint accounts, custodial accounts
E*TRADE$0–$9.99$0–$6.99AdvancedWide range of investment options, including mutual funds, ETFs, and alternatives24/7 phone, email, chatRetirement accounts, joint accounts, custodial accounts
Ally Invest$0–$9.99$0–$6.99AdvancedWide range of investment options, including mutual funds, ETFs, and alternatives24/7 phone, email, chatRetirement accounts, joint accounts, custod accounts
eToro$0$0AdvancedCryptocurrencies, Forex, contracts for difference (CFDs)Email, phone, chatNo minimum
Merrill Edge$0–$100$0–$25AdvancedWide range of investment options, including mutual funds, ETFs, and alternatives24/7 phone, email, chatRetirement accounts, joint accounts, custodial accounts
Wealthfront$5,000$0AdvancedWide range of investment options, including ETFs and mutual funds24/7 phone, email, chatRetirement accounts, joint, custodial accounts
Personal Capital$0$0AdvancedWide range of investment options, including ETFs and mutual funds24/7 phone, email, chatRetirement accounts, joint accounts, custodial accounts
interactive brok$0–$100$0–$10AdvancedWide range of investment options, including mutual funds, ETFs, and alternatives24/7 phone, email, chatRetirement accounts, joint accounts, custodial accounts

Please note that this is just a summary of some of the main features of these brokers, and there may be additional features or differences depending on your specific needs and circumstances.