Ben Chuanlong Du's Blog

It is never too late to learn.

Tips on Brokerage

Things on this page are fragmentary and immature notes/thoughts of the author. Please read with your own judgement!

Brief Summary of Brokerages

  1. Charles Schwab is a great choice for individual brokerage account without the need of algorithmic trading.

  2. Fedelity is a good brokerage for retirement (401K, IRA, etc) accounts.

  3. QuantConnect is a good choice for algorithmic trading.

Brokerage Fees Live
Online
Chat
Cash
Sweep
Program
Retirement
Accounts
Market Analysis
& Research Report
Algorithmic
Trading
API Data
Quality
Iteractive Brokerage Low-High [1] Yes Yes High
Charles Schwab Low 24/7 Yes Great Yes
Fidelity Low Yes Yes Yes No
Vanguard Low No Yes Yes No
QuantRocket Yes
QuantConnect Yes
Alpaca Low No Yes Low [2]
eTrade Low Yes No No

[1]: Depends on which version of API you use.
[2]: Alpaca allows connecting to other paid high quality data sources, e.g., .

References

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