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Best brokers for beginners in 2020

To find the best online brokers for beginners in 2020, we went ahead and did the research for you. We made interviews with newbies, without any trading experience. We tested 67 brokers and 5 made it to the top. They confirmed these top 5. And now without further ado...

The best online brokers for beginners in 2020 are:

  1. Robinhood is the best broker for beginners in 2020. Free US stock and ETF trading. Great mobile and web trading platforms. Fast and fully digital account opening.
  2. Webull is the runner-up. Free stocks, ETFs, and options. Fast and easy account opening. Great trading platforms.
  3. eToro is placed number three. Free stock and ETF trading . Seamless account opening. Social trading experience.
  4. Fidelity is number four. Solid research tools. Great web trading platform. US and international stocks.
  5. DEGIRO made it to the best broker for the beginner list. One of the lowest fees on the market. Regulated by multiple top-tier regulators. Easy to use web and mobile trading platform.
Best brokers for beginners in 2020
Broker Accepts clients from Best in
#1 Robinhood US Best broker for beginners
#2 Webull US
#3 eToro Globally Best broker for cryptos
#4 Fidelity US Best broker for bonds
#5 DEGIRO Europe Best discount broker

What makes a good broker for beginners? Two things above all: keep it simple and guide the client. The trading platform needs to be clean, and understandable. Fair fees are also important (learn more about brokerage fee here). Have great educational tools, like a demo account, provide webinars or courses. It must be easy to open an account and deposit.

Easy to list, but hard to figure it out. We are testing brokers along more than 100 criteria with real accounts and real money. We know what's up.

Not sure which broker? For a tailored recommendation, check out the broker finder tool. You can enter your country and it will show only the relevant brokers. Want more details? Compare brokers with this detailed comparison table.

And now, let's see the best online brokers for beginners in 2020 one by one. Starting with the winner, Robinhood.

Robinhood Logo

#1 Best broker for beginners
Robinhood

4.6

Robinhood is a US zero-fee discount broker established in 2013. The company is regulated by top-tier financial authorities, such as the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Besides the brokerage service, Robinhood introduced a Cash Management service, which can earn interest on your uninvested amounts. It's a great and unique service. You can read more details here.

BrokerChooser is committed to bringing high transparency and clarity to our customers not just brokers, but also our partners: BrokerChooser's Advertiser Disclosure.

Recommended for beginners and buy-and-hold investors focusing on the us stock market

Pros Cons
Free US stock and ETF trading Limited product range
Great mobile and web trading platforms Weak customer support
Fast and fully digital account opening Few educational materials

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#1 Robinhood
Web trading platform
4.5

Robinhood provides a safe, user-friendly and well-designed web trading platform. On the downside, customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best brokers for beginners - Robinhood trading platform
Robinhood trading platforms
Robinhood Webull eToro Fidelity DEGIRO
Web platform score 4.5 stars 4.5 stars 4.4 stars 4.5 stars 4.0 stars
Mobile platform score 5.0 stars 5.0 stars 4.9 stars 4.5 stars 4.5 stars
Desktop platform score - 4.5 stars - 3.8 stars -

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#1 Robinhood
Fees
4.7

Trading US stocks and ETFs is free at Robinhood. It's also great that Robinhood doesn't charge an inactivity or withdrawal fee. On the negative side, there is high margin rates.
Pros Cons
Commission-free US stock and ETF trading High margin rate
No fee for deposit or withdrawal
Transparent fee structure
Robinhood fees
Robinhood Webull eToro Fidelity DEGIRO
US stock $0.0 $0.0 $0.0 $0.0 $0.6
UK stock - - $0.0 $10.8 $2.4
EURUSD benchmark fee - - $19.6 - -

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#1 Robinhood
Education
1.5

Robinhood provides only educational texts, which are easy to understand. On the negative side, there are no other useful educational tools such as a demo account or tutorial videos.
Pros Cons
Quality educational texts No demo account
No trading platform tutorial videos
No educational videos
Best brokers for beginners - Robinhood education

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#1 Robinhood
Account opening
5.0

Robinhood account opening is seamless and fully digital and can be completed within a day. On the negative side, only US clients can open an account.
Pros Cons
Fast Available only for US clients
Fully digital
No minimum deposit
Robinhood minimum deposit and time to open an account
Robinhood Webull eToro Fidelity DEGIRO
Minimum deposit $0 $0 $200 $0 $0
Time to open account 1 day 1 day 1 day 1-3 days 1 day

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#1 Robinhood
Deposit and withdrawal
2.8

Deposit and withdrawal at Robinhood are free and easy and you can use a great cash management service. On the other hand, you can use only bank transfer, and deposits above your 'instant' limit may take several business days.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Depositing larger amounts on Robinhood Gold takes longer
Cash management service Wire withdrawal is pricey
Robinhood withdrawal fee and options
Robinhood Webull eToro Fidelity DEGIRO
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No No
Electronic wallets No No Yes Yes No
Withdrawal fee $0 $0 $5 $0 $0

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#1 Robinhood
Verdict

Robinhood fees are great. US stock trading is commission-free, and there is no withdrawal or inactivity fee. Robinhood has awesome, user-friendly mobile and web trading platforms. Account opening is easy, fully digital and fast.

Robinhood has some drawbacks though. Most of the products you can trade are limited to the US market. Customer support is weak; you can only reach them via e-mail and it can take some time to get an answer. It provides educational articles but little else to guide you through the world of trading.

If you want to trade US stocks for free and are looking for an easy-to-use platform, Robinhood is your best choice.

Robinhood
Summary Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator.
Fees score 4.7 stars
Recommended for Beginners and buy-and-hold investors focusing on the US stock market

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Webull Logo

#2 Best broker for beginners
Webull

4.4

Webull is a US-based fintech startup offering zero-fee or discount brokerage services. The broker was founded in 2017 and it is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).

Webull is considered safe because it is regulated by the top-tier financial authorities and provides a maximum of $500,000 investor protection including a $250,000 limit for cash as part of the SIPC protection scheme.

Recommended for investors and traders looking for zero-commission trading and focusing on us markets

Pros Cons
Free stocks, ETFs, and options Limited product portfolio
Fast and easy account opening No credit/debit cards and electronic wallets for money transfer
Great trading platforms No live chat and poor telephone support

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#2 Webull
Web trading platform
4.5

Webull offers a great web trading platform. It's suitable for both beginners and advanced traders as it's easy to use, but offers also advanced features, like customizability or a wide variety of order types. On the negative side, a two-step login is missing.
Pros Cons
User-friendly No two-step (safer) login
Good customizability (for charts, workspace)
Good variety of order types
Best brokers for beginners - Webull trading platform
Webull trading platforms
Robinhood Webull eToro Fidelity DEGIRO
Web platform score 4.5 stars 4.5 stars 4.4 stars 4.5 stars 4.0 stars
Mobile platform score 5.0 stars 5.0 stars 4.9 stars 4.5 stars 4.5 stars
Desktop platform score - 4.5 stars - 3.8 stars -

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#2 Webull
Fees
4.7

Webull offers commission-free trades for US-based stocks, ETFs, and options. It charges no inactivity fee and withdrawal fee if you use ACH. On the negative side, the financing rates are higher and there are high fees for wire transfers.
Pros Cons
Low trading fees High wire transfer costs
Low non-trading fees
Free stocks, ETFs, options
Webull fees
Robinhood Webull eToro Fidelity DEGIRO
US stock $0.0 $0.0 $0.0 $0.0 $0.6
UK stock - - $0.0 $10.8 $2.4
EURUSD benchmark fee - - $19.6 - -

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#2 Webull
Education
2.0

Webull offers a demo account and some quality educational content. However, other educational tools are missing.
Pros Cons
Demo account No trading platform tutorial videos
No educational videos
No webinars
Best brokers for beginners - Webull education

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#2 Webull
Account opening
5.0

Webull account opening is seamless and fully digital. Your account will be opened within a day. However, Webull is available only for clients from the US.
Pros Cons
Fast Only available for residents from the US
Fully digital
No minimum deposit
Webull minimum deposit and time to open an account
Robinhood Webull eToro Fidelity DEGIRO
Minimum deposit $0 $0 $200 $0 $0
Time to open account 1 day 1 day 1 day 1-3 days 1 day

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#2 Webull
Deposit and withdrawal
1.9

Webull deposit and withdrawal can be improved. You can use only bank transfer, there is only USD as a base currency, and a high fee is charged for wire transfer. As a plus, there is no fee for ACH deposit or withdrawal and transferring money is easy and user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly Only one account base currency
Free ACH deposit and withdrawal High wire transfer fees
Webull withdrawal fee and options
Robinhood Webull eToro Fidelity DEGIRO
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No No
Electronic wallets No No Yes Yes No
Withdrawal fee $0 $0 $5 $0 $0

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#2 Webull
Verdict

Webull's fees are great. You can trade with commission-free US stocks, ETFs, and options. The account opening is easy, fully digital, and fast. The platforms are easy-to-use and well-structured.

Webull has some drawbacks though. The product portfolio is really limited, covering only US stocks, ETFs, and options. You can use only bank transfer for deposit or withdrawal, and wire transfer is charged for both directions. The telephone and email customer support are hard to reach out to.

As the account opening is seamless, and Webull offers commission-free stock and ETF trades, feel free to try it.

Webull
Summary Webull is a discount US stockbroker regulated by the top-tier SEC and FINRA.
Fees score 4.7 stars
Recommended for Investors and traders looking for zero-commission trading and focusing on US markets

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eToro Logo

#3 Best broker for beginners
eToro

4.6

eToro is a well-known Israeli fintech startup, a social trading broker established in 2007.

eToro serves UK clients through an entity regulated by the Financial Conduct Authority (FCA), Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot entity that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is not listed on any stock exchange, does not disclose its annual report on its site and does not have a bank parent.

eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech startup.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading

Pros Cons
Free stock and ETF trading High forex fees
Seamless account opening Withdrawing money can be slow
Social trading experience Only one account base currency

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#3 eToro
Web trading platform
4.4

eToro offers a user-friendly and well-designed web trading platform. In addition, social trading is also available. On the other hand, the customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best brokers for beginners - eToro trading platform
eToro trading platforms
Robinhood Webull eToro Fidelity DEGIRO
Web platform score 4.5 stars 4.5 stars 4.4 stars 4.5 stars 4.0 stars
Mobile platform score 5.0 stars 5.0 stars 4.9 stars 4.5 stars 4.5 stars
Desktop platform score - 4.5 stars - 3.8 stars -

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#3 eToro
Fees
4.2

eToro offers free stock trading. On the negative side, forex trading fees are high and there is a fee charged for inactivity or withdrawal.
Pros Cons
Low trading fees High forex fees
Free stock trading Withdrawal fee
Low CFD fees
eToro fees
Robinhood Webull eToro Fidelity DEGIRO
US stock $0.0 $0.0 $0.0 $0.0 $0.6
UK stock - - $0.0 $10.8 $2.4
EURUSD benchmark fee - - $19.6 - -

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#3 eToro
Education
2.5

eToro's education tools are limited, with only some medium-quality videos about investing available.
Pros Cons
Demo account Basic educational videos
Intro guide to the platform
Best brokers for beginners - eToro education

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#3 eToro
Account opening
5.0

Account opening at eToro is seamless and very fast.
Pros Cons
Fast None
Fully digital
Low minimum deposit
eToro minimum deposit and time to open an account
Robinhood Webull eToro Fidelity DEGIRO
Minimum deposit $0 $0 $200 $0 $0
Time to open account 1 day 1 day 1 day 1-3 days 1 day

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#3 eToro
Deposit and withdrawal
3.7

Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
Pros Cons
Credit/Debit card available Only one account base currency
No deposit fee $5 withdrawal fee
User-friendly Conversion fee for non-USD deposits
eToro withdrawal fee and options
Robinhood Webull eToro Fidelity DEGIRO
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No No
Electronic wallets No No Yes Yes No
Withdrawal fee $0 $0 $5 $0 $0

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#3 eToro
Verdict

eToro has zero-commission stock trading. Account opening is swift and seamless. It also has a lot of innovative features, like social trading and copying other (successful) traders.

It has some drawbacks, though. Forex fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. Live chat is hard to reach and their educational materials could be better.

Overall, we would recommend eToro for its social trading feature and zero-commission stock trading.

Risk disclaimer

eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFD assets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.

Past performance is not an indication of future results.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro
Summary eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.2 stars
Recommended for Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading

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Fidelity Logo

#4 Best broker for beginners
Fidelity

4.8

Fidelity is a US stockbroker founded in 1946. It is regulated by top-tier authorities like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Fidelity is considered safe because it has a long track record and is regulated by top-tier financial authorities.

Recommended for investors and traders looking for solid research and great trading platforms

Pros Cons
Solid research tools Not fully digital account opening
Great web trading platform High mutual fund fees
US and international stocks High financing rates

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#4 Fidelity
Web trading platform
4.5

Fidelity's web platform is easy to use, has a lot of order types, and provides two-step authentication. On the negative side, the web trading platform is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best brokers for beginners - Fidelity trading platform
Fidelity trading platforms
Robinhood Webull eToro Fidelity DEGIRO
Web platform score 4.5 stars 4.5 stars 4.4 stars 4.5 stars 4.0 stars
Mobile platform score 5.0 stars 5.0 stars 4.9 stars 4.5 stars 4.5 stars
Desktop platform score - 4.5 stars - 3.8 stars -

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#4 Fidelity
Fees
4.1

Fidelity has low trading fees and low non-trading fees. There are no commissions for stock trading, which is great. On the negative side, fees for some mutual funds and financing rates can be high.
Pros Cons
Low non-trading fees High financing rate
Free stock and ETF trading Higher fees for non-free mutual funds
Some mutual funds are free
Fidelity fees
Robinhood Webull eToro Fidelity DEGIRO
US stock $0.0 $0.0 $0.0 $0.0 $0.6
UK stock - - $0.0 $10.8 $2.4
EURUSD benchmark fee - - $19.6 - -

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#4 Fidelity
Education
5.0

Fidelity offers a wide range of educational materials, like articles, a demo account, webinars, etc. The materials are all very high-quality.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos
Best brokers for beginners - Fidelity education

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#4 Fidelity
Account opening
2.9

Opening an account at Fidelity is easy and fast, but not fully digital. The application with the relevant ID's photocopy had to be mailed.
Pros Cons
No minimum deposit Not fully digital
Low minimum deposit
User-friendly
Fidelity minimum deposit and time to open an account
Robinhood Webull eToro Fidelity DEGIRO
Minimum deposit $0 $0 $200 $0 $0
Time to open account 1 day 1 day 1 day 1-3 days 1 day

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#4 Fidelity
Deposit and withdrawal
3.6

Fidelity offers an exceptionally wide range of base currencies. On the negative side, credit/debit cards are not accepted and there is a charge for wire withdrawals.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee $10 for outgoing wire transfers
Several account base currencies
Fidelity withdrawal fee and options
Robinhood Webull eToro Fidelity DEGIRO
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No No
Electronic wallets No No Yes Yes No
Withdrawal fee $0 $0 $5 $0 $0

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#4 Fidelity
Verdict

Fidelity is one of the biggest US stockbrokers regulated by top-tier authorities.

Fidelity's research is outstanding and covers many tools, including trading ideas and detailed fundamental data. The web trading platform is easy to use and offers advanced order types. The offered range of products includes international stock exchanges in addition to the US market, which is not common among US brokers.

Fidelity has some drawbacks, though. The account opening is not fully digital, fees for mutual funds are quite high, as is the financing rate.

Its research tools are great, the web trading platform is user-friendly, and no inactivity fee is charged, so feel free to try Fidelity.

Fidelity
Summary Fidelity is a US stockbroker. It is regulated by top-tier authorities the SEC and FINRA.
Fees score 4.1 stars
Recommended for Investors and traders looking for solid research and great trading platforms

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DEGIRO Logo

#5 Best broker for beginners
DEGIRO

4.7

DEGIRO is a Dutch online discount broker. It is privately owned and was established in 2008 by former employees of another brokerage company.

DEGIRO is regulated by top-tier financial authorities, the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). It is registered with the Chamber of Commerce and Industry in Amsterdam.

As of July 2020, DEGIRO removed the waiting list for new clients.

Recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions

Pros Cons
One of the lowest fees on the market Forex not available
Regulated by multiple top-tier regulators Limited research and education
Easy to use web and mobile trading platform No credit/debit card deposit

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#5 DEGIRO
Web trading platform
4.0

DEGIRO's web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, you cannot set price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
Best brokers for beginners - DEGIRO trading platform
DEGIRO trading platforms
Robinhood Webull eToro Fidelity DEGIRO
Web platform score 4.5 stars 4.5 stars 4.4 stars 4.5 stars 4.0 stars
Mobile platform score 5.0 stars 5.0 stars 4.9 stars 4.5 stars 4.5 stars
Desktop platform score - 4.5 stars - 3.8 stars -

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#5 DEGIRO
Fees
5.0

DEGIRO has low trading and non-trading fees. In most asset classes, it is the best on the market. There are some ETFs that you can trade once a month for free, which is a great deal for buy-and-hold investors.
Pros Cons
Low trading fees Higher trading fees for Asian and smaller European stock exchanges
Low non-trading fees
Low stock and ETF fees
DEGIRO fees
Robinhood Webull eToro Fidelity DEGIRO
US stock $0.0 $0.0 $0.0 $0.0 $0.6
UK stock - - $0.0 $10.8 $2.4
EURUSD benchmark fee - - $19.6 - -

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#5 DEGIRO
Education
2.0

DEGIRO's education services could be better. The broker provides a limited set of tools that are available only through the Dutch and UK websites.
Pros Cons
Trading platform tutorial No demo account
Educational videos Available only in English and Dutch
Best brokers for beginners - DEGIRO education

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#5 DEGIRO
Account opening
5.0

DEGIRO no longer uses a waiting list for new users and also no minimum deposit is required. Since then, the account creation process is fast and fully digital.
Pros Cons
Fast None
Fully digital
No minimum deposit
DEGIRO minimum deposit and time to open an account
Robinhood Webull eToro Fidelity DEGIRO
Minimum deposit $0 $0 $200 $0 $0
Time to open account 1 day 1 day 1 day 1-3 days 1 day

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#5 DEGIRO
Deposit and withdrawal
3.3

DEGIRO deposits and withdrawals are free of charge via bank transfer. On the other hand, you cannot deposit with credit or debit card.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
DEGIRO withdrawal fee and options
Robinhood Webull eToro Fidelity DEGIRO
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No Yes No No
Electronic wallets No No Yes Yes No
Withdrawal fee $0 $0 $5 $0 $0

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#5 DEGIRO
Verdict

DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.

Transaction costs are generally very low. It has also one of the best trading platforms for Europeans. Also, the account opening process is fast since the waiting list was removed.

On the other hand, education and research tools are limited. We should also mention that there is no forex trading, and mostly you can only deposit and withdraw by bank transfer.

All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.

DEGIRO
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA. As of March 25, 2020, DEGIRO introduced a waiting list for new customers. Longer than usual account opening times are expected.
Fees score 5.0 stars
Recommended for Price-sensitive buy-and-hold investors and traders looking only to carry out transactions

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Best brokers for beginners
What makes a great broker for beginners

Now you know the best best brokers for beginners. Curious how we came up with this list? Let's go through two points. Are they safe? How did we compile the list?

Are these brokers safe?

You can be sure none of them is a scam. They are regulated by at least one top-tier regulator. Some of them are also listed on an exchange, and some have a banking background.

However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of a broker bankruptcy, you are safe.

If everything goes very bad and for example, the broker steals your assets, then you have a last resort, the compensation fund of the country where the broker is regulated.

How did BrokerChooser pick the best brokers for beginners?

At BrokerChooser we test online brokers along more than 100 criteria, with a real account and real money. Not to overwhelm you we list the five most important criteria for brokers for beginners:

5 most important criteria for the best brokers for beginners in 2020
1. Web trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.
2. Fees The overall cost of a typical trade can be 10-15 times higher at one broker compared to another. Worth to check the fees.
3. Education You are not familiar with concepts like spread or leverage? Good educational tools help you understand the basics of trading.
4. Account opening Some online brokers require a minimum to invest, others don't set a minimal first-time deposit. Check out what the best online brokers require.
5. Deposit and withdrawal Withdrawing money from your account can be 5 times longer and more expensive at one broker compared to another.

Best brokers for beginners
Start your learning

When you are a beginner the best way to start your journey is to learn.

Find below some very useful learning materials to start with.

If you are considering starting. Check our learning page, a lot of great materials. You can learn about the pros and cons of investing your money on your own or the difference between trading vs investing. Also go to the learn section if you want to figure out whether you can open a foreign account.

For beginner buy and hold investors we recommend to read the how to buy shares. Have a six-step approach on how to buy shares online.

For beginners who want to learn to trade, we can provide even more. Robert, a professional trader, wrote on how to become a trader. Most of the beginner traders start with forex. If you don't anything about this topic, start with the forex 101. The CFDs also have become very popular. They are very risky. Start learning about CFDs with this CFD greenhorn and continue with the pros and cons of CFD trading.

Cryptos were among the hottest topics in 2017. Also super risky. Tibor dug in into it and found out the safest ways to invest in Bitcoin. A very interesting read, highly recommended if you are considering cryptos.

When more experienced and starting to explore futures options, you should definitely check out Gery's article on the topic.

Best brokers for beginners
Bottom line

You saw the details, now let's zoom out. Here are the best brokers for beginners in 2020:

Best brokers for beginners of 2020
Robinhood Webull eToro Fidelity DEGIRO
Award Best broker for beginners Best broker for cryptos Best broker for bonds Best discount broker
Fees score 4.7 stars 4.7 stars 4.2 stars 4.1 stars 5.0 stars
Account opening score 5.0 stars 5.0 stars 5.0 stars 2.9 stars 5.0 stars
Deposit and withdrawal score 2.8 stars 1.9 stars 3.7 stars 3.6 stars 3.3 stars
Markets and products score 2.4 stars 1.7 stars 3.8 stars 3.9 stars 3.6 stars
Web platform score 4.5 stars 4.5 stars 4.4 stars 4.5 stars 4.0 stars
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Robinhood is our winner, the best broker for beginners in 2020. Free US stock and ETF trading. Great mobile and web trading platforms. Fast and fully digital account opening

All are considered a great choice. Pick the winner, or any runner-up and take the next step in your investment journey. Let us know what you think in the comment section.

Still unsure? Use the broker finder and find the best broker for you or learn more about investing your money.

Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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