How do I choose a commission-free online broker?

When selecting a commission-free online broker, as with any investment, it's vital to understand the terms and ensure you're prepared for potential losses. (Getty Images) The trend of commission -free, online trading platforms makes investing more accessible to more people, especially as account minimums disappear.

What is commission-free trading in the UK?

And the amount of commission depends on which broker, investment platform or trading app you invest with in the UK. ‘Commission-free’ trading or ‘commission-free investing’ just means the broker doesn’t charge you for the service of buying or selling shares. And the benefit is that more of your money gets spent on investing rather than fees.

What is a commission-free broker for bank of America Corp?

For Bank of America Corp. customers, the natural choice for a commission-free broker may be Merrill Edge. The Bank of America subsidiary allows you to link your Bank of America bank account with your Merrill Edge brokerage account so you can view and manage everything from one platform.

What are the best online brokers with no account minimum?

With no account minimum, you can also open an account from wherever you and your bank account are located. Social Finance Inc. is another online broker offering commission-free trading and $0 account minimums. You can trade fee-free stocks, ETFs, cryptocurrency and initial public offerings.