With the end of the Loyal 3 platform, I have been researching what other options exist for free and deep discount brokers.
I use RobinHood as my primary account since all stock trades are free. They do not currently offer foreign stocks or OTC (QX, QB, or Pink) so they are more limited in that regard than other brokerages.
I also use Stockpile which has 99 cent trades and allows the purchase of fractional shares (i.e. you can invest a specific dollar amount such as $100, $500, etc. in a stock). Like Robinhood they also have a limited number of stocks on their platform. They also have an option to reinvest dividends which is good for long term positions.
For robo investing, I have been using WiseBanyan which is free. My return so far this year on WiseBanyan is running over 4%.
I wanted to ask what suggestions other trades might have on other brokers and platforms that are an alternative to the larger brokerage houses and especially any that have international equities and OTC stocks. Feel free to offer any suggestionsin the comments.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.