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A look at some of the best free investment advisors

A look at some of the best free investment advisors

As a beginner investor, investing too much money at the start can be quite difficult and overwhelming. However, if you choose the right brokerage account, you can earn a lot back from it in terms of investment knowledge. So if you are looking for the best cost-free investment advisors to provide you with long-term portfolio management services, then you have come to the right place. Here is our collated list:

  1. Interactive Brokers

Investment Brokers has an entity known as IBKR Lite, which offers commission-free trading on various commodities. It mainly covers exchange-listed stocks as well as exchange-traded funds (ETFs). It also offers low-priced access to various global markets without any account minimum or inactivity fee. Additionally, it offers the best competitive interest rates, while its client portal, which offers trading and account management services, is highly preferred by users. One of the most notable points is that IBKR Lite has been around for over 40 years, having earned the trust of a vast client base.

  1. You Invest by JP Morgan Chase

You Invest Trade, offered by JP Morgan Chase, is one of the best low-cost investment advisors. It is complete with a range of commission-free ETFs and stocks that can be traded online. It does not only help you research investments but also aids you in managing and trading them with a plethora of online tools. There is also an option to manage portfolios and trade on your own; and you do not need an account balance to start using this platform.

  1. SoFi Active Investing

SoFi Active Investing gives you the opportunity to trade stocks of brands that you are particularly keen on. Apart from being a system that requires no fees or account minimums, it is also a community wherein you can interact with fellow investors through various events. You can also trust SoFi to come up with discounts and invites to these events. In addition, SoFi has plenty of online resources available for your perusal, thereby enabling you to further explore your investment interests.

  1. E*Trade

With plenty of investment options in stocks and ETFs, you can go for commission-free trading by E*Trade, which comes with a complete range of investments coupled with professionally handled accounts. It also has intuitive platforms offering you the best in mobile and online trading. E*Trade lets you make up to 30 stock and option trades per quarter, at no cost. The platform is quite user-friendly as well. Start by setting your goals, after which you can open your account, and then choose the investments that you wish to add to your portfolio.

  1. TD Ameritrade

With no commission fee on online stock trading, TD Ameritrade can be considered when you are just beginning to invest without having to pay a fee. This provider offers an ace trading experience with a variety of ETFs listed on its portal. One of the topmost options available in the market, TD Ameritrade also provides you with access to important trading tools and resources.

The aforementioned list of best investment advisors can help you as you navigate the different investment options that are available to you. Make an informed decision once you have analyzed all the offerings and weighed them against each other.