5 Biggest Online Brokers in 2021

1. Fidelity

Topping the list of the 5 biggest online brokers in 2021 is Fidelity, which has also emerged as the hero in the GameStop saga. The app is owned by Fidelity investments, which is one of the biggest asset managers in the entire world with more than $3.3 trillion under asset management. Among the many services it provides is its online trading app known simply as Fidelity which has been lauded for not having commission rates,  and doesn’t require an account minimum either. It is an excellent app not just for retail investors, but also for those who are completely new to investing or are long-term investors and not just short term ones. Unlike other apps, it is also one of the extremely rare ones which doesn’t charge a commission while also not selling your order flow, which is unique in today’s online broker world.

The reason Fidelity gained such acclaim in the GameStop story is because while other apps such as Robinhood and InteractiveBrokers limited or completely paused purchases transactions for GameStop stock, Fidelity made no such declarations and allowed traders to continue trading.

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