DIY Platforms are your more traditional online brokers. You pick the specific stocks, ETFs, and bonds yourself. Most of these platforms charge a commission of $5-$10 per trade. Those trade commissions can add up, but they can be insignificant if you’re trading big numbers. The big difference between the DIY Platforms and Robo Advisors is that with the DIY Platforms you have complete control. Robo Advisors make the picks for you. If you can find the correct DIY Platform and educate yourself enough to confidently invest, you will save yourself a lot of money in fees.
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