What to do before you start investing?
Choosing the right brokerage account can seem like a difficult process, but it doesn't have to be. By deciding what type of account you want, and then comparing several online stock brokers, you should be able to choose the one that best meets your needs.
TD Ameritrade excels at offering low-cost and low-minimum funds, with over 500 mutual funds on its platform with expense ratios of 0.50% or less, and over 1,000 with investment minimums of $100 or less. It's an ideal broker for beginner mutual fund investors.
It covers all of the bases and does it very well. For a broker with no commission on stock and ETF trades, users get an impressive list of services including portfolio-building guidance, hands-on investing courses, high-quality research, trading tools and a wide selection of no-transaction-fee mutual funds.