IBD Releases Seventh Annual Survey of the Best Online Brokers
LOS ANGELES--(BUSINESS WIRE)--Jan 28, 2019--Investor’s Business Daily (IBD), a leading financial news and research organization, today announced the results of its seventh annual investor survey of the Best Online Brokers. Notably, Charles Schwab and Fidelity maintained top ratings for the sixth consecutive year, with Charles Schwab edging just ahead of Fidelity in Overall Customer Experience after Fidelity’s four-year reign at the top. Interactive Brokers also ranked as one of the Best Online Brokers overall.
Conducted in conjunction with polling partner TechnoMetrica Market Intelligence, the study analyzed responses from thousands of investors to determine which brokers met or exceeded their expectations. Respondents indicated that Low Commissions & Fees and Trade Reliability were the most important considerations for them.
“Investors count on our Best Online Brokers report each year so they can ensure that they work with the brokerage that best meets their specific needs -- and every investor is different,” said Chris Gessel, Chief Content Officer of IBD. “This list is 100 percent user-driven so investors can make decisions based on feedback from the people who actually rely on the various platforms and services.”
“We congratulate these brokerage leaders for another year of strong performance in the eyes of their clients,” Gessel added.
Every year since the survey debuted, IBD’s Best Online Brokers list has been based solely on objective data drawn from the brokers’ own customers, unlike other broker rankings constructed from editors’ subjective selections. The result is honest, unfiltered feedback from investors that include everyone from beginning ETF investors to veteran options traders who actively use these brokers to execute their investment strategies.
As in past years, the rankings were determined through a two-phase process that assessed both investor priorities and their brokerage’s ability to satisfy them. During Phase I, survey respondents were queried regarding which attributes of an online broker were most and least important to them. In the next phase, they were asked to rate their primary broker on the 14 most important criteria -- including the new Range of Products Available and Website Security attributes, which replaced Trade Ideas and Investment & Retirement Planning Tools. Weights were assigned to each attribute to compute an Overall Customer Experience Index for each broker. The top three overall and in each category are recognized as Best Online Brokers.
Complete Survey Results:
2019 Top Overall Customer Experience:Charles Schwab Fidelity Interactive Brokers
Customer Service:Charles Schwab Fidelity TD Ameritrade
Educational Resources:Fidelity Charles Schwab TradeStation
Equity Trading Tools:TradeStation Charles Schwab Fidelity
Investment Research:Fidelity Charles Schwab TD Ameritrade
Low Commissions & Fees:Interactive Brokers Charles Schwab Fidelity
Low-Cost/Free ETF Trading:Charles Schwab Fidelity Interactive Brokers
Mobile Trading Platforms/Apps:Interactive Brokers Charles Schwab Fidelity
Options Trading Platform:TD Ameritrade TradeStation Interactive Brokers
Portfolio Analysis & Reports:Fidelity Charles Schwab Interactive Brokers
Range of Products Available:Interactive Brokers Charles Schwab Fidelity
Research Tools:Fidelity Charles Schwab TD Ameritrade
Site Performance:Fidelity Charles Schwab Interactive Brokers
Trade Reliability:Charles Schwab Fidelity Interactive Brokers
Website Security:Interactive Brokers Fidelity Charles Schwab
Licensing and Reprints of the 2019 Best Online Brokers logo and accolades are available through IBD’s partner, The YGS Group. For more information, go to www.IBDlicensing.com.
Investor’s Business Daily (IBD) is a leading financial news and research organization recognized for proprietary stock screens, comparative performance ratings and a record of identifying stock leaders as they emerge. The company takes a data-first approach to investing, educating investors about how to invest successfully using tested methods and sound research. IBD has honed its approach over the last 50 years to help investors make smarter decisions. Its stock lists have outperformed the S&P, and its presidential poll, the most accurate over the past four election cycles, was one of only two national polls to accurately predict the outcome of the 2016 Presidential Election. IBD offers a number of interactive stock research tools and provides information for investors of every level. To learn more about all that IBD has available, please visit www.investors.com.
© 2019 Investor’s Business Daily, Inc. All rights reserved. Investor’s Business Daily, IBD, CAN SLIM and their corresponding logos are registered trademarks of Investor’s Business Daily, Inc.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190128005142/en/
CONTACT: For Editorial Contact:
GMK Communications for IBD
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY INTERNET SOFTWARE PROFESSIONAL SERVICES CONSULTING FINANCE
SOURCE: Investor’s Business Daily
Copyright Business Wire 2019.
PUB: 01/28/2019 09:00 AM/DISC: 01/28/2019 09:01 AM