With the popularity of US stocks, more and more Chinese investors are starting to trade US stocks. Choosing a suitable US stock brokerage account becomes the first issue. The three major brokerage firms, Ally Invest, Fidelity, and Vanguard, are all very competitive choices. This article will compare them in terms of fees, tradable assets, platforms, customer service, and account opening, and analyze the pros and cons of each platform to provide a reference for investors to choose the brokerage firm that best suits them.
Ally Invest offers well-rounded services but does not excel
Ally Invest provides comprehensive investment products and services, including stocks, ETFs, options, mutual funds, bonds, and forex. The trading platform is easy to use for beginners. However, compared to industry leaders, Ally Invest does not have outstanding advantages. For advanced investors who focus on research and data, platforms like TD Ameritrade and ETRADE may be better choices.
Fidelity stands out with its mutual funds and retirement services
Fidelity is one of the largest investment companies in the world. It offers excellent mutual funds and retirement account services. The fund selection is one of the most comprehensive, with extensive low-cost index funds and zero-fee mutual funds. For investors focused on mutual funds or retirement planning, Fidelity is an ideal choice.
Vanguard is the leader in index funds with minimum investment thresholds
As the pioneer of index funds, Vanguard has a wide selection of low-cost index funds. However, the trading platform is not very friendly for stock investors, with high options commission fees and high mutual fund minimums. For index investors or those with large portfolios, Vanguard could be the primary choice.
Each platform has its pros and cons, choose based on investing needs
In summary, Ally Invest provides comprehensive investment products for beginners. Fidelity excels in mutual funds and retirement services. Vanguard specializes in index funds. Investors should evaluate their specific needs and choose the brokerage firm accordingly. Advanced investors may even open accounts with multiple platforms to enjoy the unique advantages of each.
This article compares Ally Invest, Fidelity and Vanguard, three major US online brokerages, in terms of fees, products, platforms and other aspects. Investors should choose based on their own needs. Advanced investors may even leverage the strengths of different platforms by opening multiple accounts.