If you have researched Brokerage Accounts before you might have seen that there are many Brokerage websites and providers to choose from. And if there is so many Brokerage Account Providers then it becomes hard to choose one or two you gonna use.
The first step to solve this question is to decide whether you want a retirement account or a normal (taxable) brokerage account.
For the beginners there are two main ways to go, and both of them meets the needs of most investors. The first option is Online Brokers and the second option is Robo-advisors. Both of these options offer you retirement accounts and taxable brokerage accounts.
Managed brokerage account
These accounts comes with investment management, either from a human investment advisor or a robo-advisor.
The robo-advisor provides you with a low-cost alternative to hiring a human investment manager. Companies like these use sophisticated computer algorithms to choose and manage your investments for you, and its based on your goals and investing timeline.
Robo-advisors are good fit for you if you like to have hands-off on your investments without it going down hill.
Online brokerage account
This one is more about buying and managing your investments on your own.
These accounts enables you to buy and sell investments through the broker’s website.
On this one there is a lots of discount brokers which are offering a wide range of investments which includes mutual funds, bonds and including stocks.
I personally would recommend eToro and Robinhood. Because both of these platforms gives you tools which will help you with your investments and they are both easy to learn.