10 Best Online Brokers & Trading Platforms of July 2024 - The Motley Fool

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How do online brokerage firms work? You can think of an online stock broker as a conduit to the stock exchanges. In exchange for a commission on every trade, the best stock trading platforms send your orders on to stock exchanges and market makers, which actually do the heavy lifting of matching your buy order with someone who wants to sell, or vice versa. But you can't just buy a stock through your bank account or call the company and buy shares -- you need to find one of the best stock brokers to make a trade. Fortunately for everyday investors, the brokerage industry has changed dramatically over the past couple of decades. To buy a stock, you used to have to call an individual known as a stock broker, who placed the order on your behalf. This process was complex -- and expensive . You and I can't knock on the doors to the stock exchanges and make a trade without a stock broker. In truth, the stock exchanges as we think of them from their depictions in movies and on TV don&#

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