72 lines
5.3 KiB
Markdown
72 lines
5.3 KiB
Markdown
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# Directory of US brokerage firms
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## Whitelist
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The following brokerages have no significant ethical issues:
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| *brokerage* | *sensitive info exposed to CloudFlare* | *supported CISPA* | *ALEC member* | *forced drug testing of staff* | *notes* |
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|[E*Trade](https://us.etrade.com)|n|y|n|n|covers: Canada, France, Germany, Hong Kong, Japan, United Kingdom, and United States; funding bonus ($5k=>$50; $10k=>$100; $20k=>$150)|
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|[Greenvest](https://greenvest.com)|n|n|n|n|RIRA; min. investment to avoid fees: $100k; [B corp](https://bcorporation.net/directory/greenvest)|
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|[InteractiveBrokers](https://interactivebrokers.com)|n|n|n|n|min. investment to avoid fees: $100k per account; has a "impact" feature to analyze the portfolio's ESG factors w.r.t. the user's ethical views; covers Australia, Belgium, Canada, France, Germany, Hong Kong, Italy, Japan, Mexico, Netherlands, Singapore, South Korea, Spain, Sweden, Switzerland, United Kingdom, and United States; website is **partially Tor-hostile** but the site can be avoided for most operations after sign-up|
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|[Rich Uncles](https://richuncles.com)|n|n|n|n|Real estate investing only|
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|[Vanguard](https://investor.vanguard.com)|n|n|n|y||
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## Graylist
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These brokerages would normally be blacklisted, but due to the short
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whitelist they are set aside as a less evil compromize. They should
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still be avoided if possible.
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The ethical problem with TD Ameritrade is that Charles Schwab is the
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primary owner, and Schwab is a bad company to support. But Schwab is
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not involved in the highly controversial financing that other large
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banks are, so we gray list it. The other brokerage firms are hosted
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on Amazon AWS. If that's their sole ethical problem, they are gray
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listed. Amazon is behind countless evils. It's paramount to boycott
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Amazon for anyone who cares about human rights, privacy, or the
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environment. Amazon also has had several data breaches-- Capital One,
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Juspay, Swiggy, etc., so it's a bad idea to trust custodians who use
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AWS with the security of your money.
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| *brokerage* | *sensitive info exposed to CloudFlare* | *supported CISPA* | *ALEC member* | *forced drug testing of staff* | *notes* |
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|[Janus Henderson](https://www.janushenderson.com)|n|n|n|n|Amazon AWS-hosted; |
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|[nvstr](https://www.nvstr.com)|n|n|n|n|Amazon AWS-hosted; maintenance fee: $4/month; promos: $15-150 for funding, random bonus awards, referral bonuses|
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|[Robinhood](https://robinhood.com/us/en/)|n|n|n|n|Amazon AWS-hosted; They may have used CloudFlare in the past but apparently that changed.|
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|[Stash](https://stash.com)|n|n|n|n|Amazon AWS-hosted; no mutual funds; no options; no crypto; maintenance fee: $1/month|
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|[tastyworks](https://tastyworks.com)|n|n|n|n|Amazon AWS-hosted; TIRA; RIRA; no forex; no crypto; no non-US stocks; open/close fee= $0/0; commission=$5/stock trade (closing trades gratis), $1/option trade; promo: funding (100 shares [$1-6ea, avg:$200-220]), referral=$75|
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|[TD Ameritrade](https://www.tdameritrade.com)|n|n|n|n|Majority owned by Charles Schwab, a bank that [supports](us_banks.md) republicans, CISPA, drug tests their staff, and treats Tor users with hostility.|
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|[TradeStation](https://www.tradestation.com)|n|n|n|n|Amazon AWS-hosted; crypto; min. invest=$500 ($2k for bonus); open/close fee= $0/0; commission=$0.50/option trade; commission=$0-5/stock trade|
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|[Webull](https://www.webull.com)|n|n|n|n|Amazon AWS-hosted; TIRA; RIRA; crypto; no forex|
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## Blacklist
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These brokerages have severe ethical or trust issues and should be boycotted.
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| *brokerage* | *sensitive info exposed to CloudFlare* | *supported CISPA* | *ALEC member* | *forced drug testing of staff* | *notes* |
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|Ally|n|y|n|n|whole site is Tor-hostile (403 error)|
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|Axos Invest|y|n|n|n|Amazon AWS-hosted; Axos Bank is jailed in CloudFlare and Axos Invest will be soon. Investors who get blocked by that will have to pay $5/month for paper statements.|
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|Betterment|n|n|n|n|Imposes hCAPTCHA just to read the landing page. They censor posts in their Reddit sub that complains about this instead of offering support.|
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|Ellevest|y|n|n|n|
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|Euro Pacific Capital|y|n|n|n|
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|FUTU|n|n|n|n|support.fututrade.com is CloudFlared; no web app; mobile app is GPS-iOS-only; desktop is Mac/Windows only|
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|Finhabits|n|n|n|n|[B corp](https://bcorporation.net/directory/finhabits); Hosted on Google Cloud; outsources to Apex; uses Equifax for address verification|
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|Firstrade|n|n|n|n|whole site is Tor-hostile (468 error)|
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|Fundrise|n|n|n|n|Amazon AWS-hosted; Unavoidable CAPTCHAs|
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|Gatsby|n|n|n|n|no web app; no desktop app; mobile app is GPS-iOS-only|
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|Lightspeed|y|n|n|n||
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|M1 Finance|y|n|n|n|They censor posts in their Reddit sub that expose the risks of passing sensitive financial data through CloudFlare.|
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|Merrill Edge|n|n|n|y|Owned by one of the [most evil](us_banks.md) banks in the world (Bank of America)|
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|Prudential|n|y|y|y|
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|Siebert|y|n|n|n||
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|SoFi|y|n|n|n|They censor posts in their Reddit sub that expose the risks of passing sensitive financial data through CloudFlare.|
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|Sogotrade|y|n|n|n||
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|Stockpile|y|n|n|n|
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|TIAA-CREF|n|n|n|n|Whole site is Tor-hostile|
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|Tradingblock|y|n|n|n|
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|Wealthfront|n|n|n|n|Registration imposes Google reCAPTCHA|
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|Wealthsimple|y|n|n|n|
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|Wellstrade|n|y|n|y|Owned by Wells Fargo, an [evil](us_banks.md) bank.|
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|Zackstrade|y|n|n|n|
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