5 brokerage stocks to watch

The best brokerage stocks depend on your portfolio and investment goals—while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

5 popular brokerage stocks to watch

We round up a selection of stocks in or related to the investing industry, weighting the list more heavily towards popular mid- and large-cap stocks.

1. Interactive Brokers Group (IBKR)
2. JPMorgan Chase-and-Co (JPM)
3. AMTD IDEA Group (AMTD)
4. Monex Group (MNXBF)
5. Ally Financial (ALLY)

Compare investment accounts that help you research stocks

The brokerage stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering brokerage stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

Our picks for platforms with research tools

How to invest in brokerage stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps in Canada.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like IBKR or JPM.
5. Place your order. Buy the stock. It's that simple.

Learn more about popular brokerage stocks

We round up a selection of stocks in or related to the investing industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

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1. Interactive Brokers Group (IBKR)

Interactive Brokers Group, Inc. operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.

• Previous close price: $118.57
• Market capitalization: $50,361,888,768
• 1 year performance: 42.09%
• P/E ratio: 18.954

Buy IBKR stock on Interactive Brokers

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2. JPMorgan Chase-and-Co (JPM)

JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM).

• Previous close price: $208.67
• Market capitalization: $602,993,262,592
• 1 year performance: 34.67%
• P/E ratio: 11.7111

Buy JPM stock on Interactive Brokers

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3. AMTD IDEA Group (AMTD)

AMTD IDEA Group, an investment holding company, provides capital market solutions in China, Hong Kong, Europe, the United States, and internationally. The company operates through Capital Market Solutions, Digital Solutions and Other Services, Media and Entertainment Services, Hotel Operations, Hospitality and VIP Services, and Strategic Investments segments. The Capital Market Solutions segment raises funds through equity and debt financing, private placements, and debt issuances; provides financial advisory services, such as domestic and cross border advisory services for merger and acquisitions; and offers asset management products and services.

• Previous close price: $1.56
• Market capitalization: $1,064,519,744
• 1 year performance: 4.00%
• P/E ratio: 0.7072

Buy AMTD stock on Interactive Brokers

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4. Monex Group (MNXBF)

Monex Group, Inc. , an online financial institution, provides retail online brokerage services in Japan, the United States, China, and Australia. It offers international forex, asset management, investor education, M&A advisory, and cryptocurrency exchange services; investment and trading, and investment education services; asset building and management services; custodial trust service; private banking services for high net worth clients; investment advisory services; management and utilization services for genomic, medical, and healthcare data; and education and childcare services.

• Previous close price: $0.00
• Market capitalization: $1,159,578,368
• 1 year performance: N/A
• P/E ratio: 10.631

Buy MNXBF stock on Interactive Brokers

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5. Ally Financial (ALLY)

Ally Financial Inc. , a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

• Previous close price: $43.35
• Market capitalization: $12,752,900,096
• 1 year performance: 57.07%
• P/E ratio: 17.0857

Buy ALLY stock on Interactive Brokers

Buy brokerage stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

Bottom line

While it's possible to turn a profit investing in brokerage stocks, keep in mind that—like any investment—brokerage stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the investing industry, so carefully vet your picks before you invest. If you're new to investing or if it's been a while since you've taken a critical look at your investment accounts, compare brokers to make sure you're getting the best trading features for your needs.

Related: How to buy stocks in Canada

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.