Best Brokers for Long-term Investing

Interactive Brokers is one of the best brokers globally with its Trader Workstation (TWS) that caters to more professional investors (beginners will be suited with IBKR GlobalTrader). It provides a wide range of global assets and advanced technical and fundamental trading tools. The company is a well-capitalized and publicly traded broker that offers access to 150 markets and is available in more than 200 countries. 

Interactive Brokers is one of the top options available for long-term investors aiming to build a diversified investment portfolio with the vast array of products available that include Stocks, Options, ETFs, Futures, Forex, Cryptocurrencies, Commodities, Bonds, and Funds. In addition, with its $0 inactivity fee, this company is ideal for buy-and-hold investors.

Fidelity allows you to create a diversified portfolio by mixing various financial instruments such as mutual funds, exchange-traded funds (ETFs), stocks, bonds, and more. 

In addition, the actively managed mutual funds offered by Fidelity are well-known in the market. A wide range of Fidelity funds with various investment goals and approaches are available to long-term investors who prefer professional management.

As for retired investors, Fidelity offers a range of retirement accounts, including IRAs and 401(k)s, and places a heavy emphasis on retirement planning. They offer resources and calculators to aid in retirement planning, which is crucial for long-term investors.

Fidelity has low trading fees, including $0 commission on US Stock trading. You can trade Index funds, ETFs and Bonds with minimal costs, and no inactivity fee is charged to your account.

Long-term investors have historically regarded TD Ameritrade as a solid choice for several reasons. It provides access to a variety of investment products, such as stocks, bonds, options, ETFs, mutual funds, and more. In addition, extensive educational resources are made available by the company, including articles, webinars, videos, and interactive tools. TD Ameritrade presents a competitive pricing and low fee structure with $0 commission on US equity and ETFs and no inactivity fees. 

As for the trading platform, 2 options are available for investors.  Both are user-friendly, well-designed and available on desktop, web and mobile apps. You can either use the TD Ameritrade platform, which covers all the tools you need to research, analyse and trade (including a good variety of order types) or use the highly regarded trading platform “Thinkorswim”. The latter is one of the best trading platforms in the market, mostly known for its customizability, trading support functions, learning materials and easy-to-use tools and features.

E*TRADE is one of the largest US brokers that offers a wide range of financial products, including stock, options, funds, futures, and more. The company is renowned for its competitive pricing and straightforward fee structure. It charges $0 commission on stocks and ETFs, $0.65 per option contract. Some Mutual Funds and Bonds are also free. There is no account or inactivity fee allowing you to buy and hold assets. Deposits and withdrawals are also free of charge.

The company also offers good education and research materials, including educational video tutorials, articles, webinars, and more. As for the trading platform, Power E*TRADE is an intuitive and easy-to-use platform that includes sophisticated tools and features. It is available on web, desktop, and mobile apps.

A wide selection of investment products, including equities, bonds, ETFs, mutual funds, and more, are available through Saxo Bank. Thanks to this diversification, long-term investors can create well-rounded portfolios customised to their financial objectives and risk tolerance. The bank provides access to International Financial Markets, helping investors seize opportunities in various sectors. In addition, Saxo Bank provides research reports, analysis, and educational materials for traders trying to make well-informed long-term investing decisions.

Saxo Bank has a track record of innovation in the financial sector. They keep developing their platforms and services, which might be advantageous for long-term investors who desire access to the newest equipment and machinery. Finally, by providing low  Forex and Fund fees, Saxo Bank is great for Forex traders, with around 200 currency pairs available and the MetaTrader 4 platform.