Advertisement

To find the best online brokers for beginners in 2021, we went ahead and did the research for you. We conducted interviews with newbies who had no trading experience. We tested 94 brokers of which 5 made it to the top. And now, without further ado...

The best online brokers for beginners in 2021 are:

  1. Freetrade - the best broker for beginners in 2021. Free stock and ETF trading. Easy and fast account opening. Great mobile trading platform.
  2. Revolut is the runner-up. Free stock trading. Fast and easy account opening. Great mobile trading platform.
  3. Robinhood placed third. Free US stock and ETF trading. Great mobile and web trading platforms. Fast and fully digital account opening.
  4. Merrill Edge is number four. Low trading fees. Easy and seamless account opening. Strong parent company.
  5. DEGIRO. Just made it to the list in fifth place. One of the lowest fees on the market. Regulated by multiple top-tier authorities. Easy-to-use web and mobile platform.
Best brokers for beginners in 2021
Broker Accepts clients from Best in
#1 Freetrade UK Best broker for beginners
#2 Revolut Europe, Australia, Canada, Singapore, Switzerland, US
#3 Robinhood US Best free stock trading platform
#4 Merrill Edge US
#5 DEGIRO Europe Best discount broker

What makes a great broker for beginners? Two things above all: an excellent mobile trading platform and low fees (learn more about brokerage fees here). The service should fit your needs and make everything easy. It should offer great educational tools, like a demo account, and provide webinars or courses. It must be easy to open an account and deposit funds.

All that is easy to list, but hard to figure out. That's why we are testing brokers along more than 300 criteria, using real accounts and real money. So we know what's up.

Not sure which broker is best for you? For a tailored recommendation, check out our broker finder tool. You can enter your country and it will narrow down the list of brokers to those that are available where you live. Want more details? Compare brokers with our in-depth comparison tool.

And now, let's see the best online brokers for beginners in 2021 one by one. Starting with the winner, Freetrade.

Freetrade Logo

#1 Best broker for beginners
Freetrade

4.5

Freetrade is a UK-based fintech startup providing commission-free stock trading, regulated by the UK's Financial Conduct Authority (FCA). The company was founded in 2016. 

Freetrade is considered safe because it is regulated by a top-tier regulator, the FCA.

Recommended for long-term investors on the hunt for low fees and focusing on the uk and us markets

Visit broker

#1 Freetrade
Mobile trading platform
4.7

Freetrade has a user-friendly and well-designed mobile trading platform, with an efficient search function. However, there are only two order types and you cannot set price alerts.
Pros Cons
User-friendly Limited order types
Two-step (safer) login No price alerts
Good search function
Best brokers for beginners - Freetrade trading platform
Freetrade trading platforms
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Mobile platform score 4.7 stars 4.9 stars 5.0 stars 4.8 stars 4.5 stars
Web platform score - - 4.5 stars 4.3 stars 4.0 stars

Visit broker More

#1 Freetrade
Fees
4.9

At Freetrade, you can trade stocks and ETFs free of charge. There are no account, inactivity or withdrawal fees.
Pros Cons
Low trading fees None
Low non-trading fees
Free stock and ETF trading
Freetrade fees
Freetrade Revolut Robinhood Merrill Edge DEGIRO
US stock $0.0 $1.0 $0.0 $0.0 $0.7
UK stock $0.0 - - - $2.8

All commissions are for opening a position, holding for a week, and closing.

Visit broker More

#1 Freetrade
Education
3.0

Freetrade has useful and quality educational articles and a great community on its own blog. On the other hand, there are no educational videos or webinars.
Pros Cons
Invest HUB blog No educational videos
Educational content in a newsletter No webinars
Best brokers for beginners - Freetrade education

Visit broker More

#1 Freetrade
Customer service
3.8

Freetrade has an efficient live chat in its mobile app and its website. Email support is great, but we missed phone support and 24/7 availability.
Pros Cons
Live chat No phone support
Fast response time No 24/7 support
Relevant answers
Freetrade customer service channels
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Live chat Yes Yes No Yes No
Phone No Yes No Yes Yes
Email Yes No Yes No Yes

Visit broker More

#1 Freetrade
Account opening
5.0

Account opening at Freetrade is fast, fully digital and user-friendly, and there is no minimum deposit. You can choose from 4 different account types.
Pros Cons
Fast None
Fully digital
No minimum deposit
Freetrade minimum deposit and time to open an account
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Minimum deposit $0 $0 $0 $0 $0
Time to open account 1 day 1 day 1 day 1 day 1 day

Visit broker More

#1 Freetrade
Deposit and withdrawal
4.0

Deposits and withdrawals are user-friendly and free. On the negative side, no credit cards are accepted and the only available base currency is GBP.
Pros Cons
Free withdrawal Only one account base currency
No deposit fee Debit card available only for deposits
User-friendly
Freetrade withdrawal fee and options
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets Yes No No No No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#1 Freetrade
Verdict

Freetrade's fees are great. Stock and ETF trades are free and there is no inactivity fee. Account opening is easy, fully digital and fast. You can use an awesome and user-friendly mobile trading platform.

Freetrade has some drawbacks, though: there are only US and UK stocks and ETFs available for trading. There aren't many research tools and you can't use credit/debit cards for transfers.

If you are looking for stock and ETF trading from the main UK and US exchanges for free and you prefer an easy-to-use mobile trading platform, Freetrade is a good choice.

Freetrade
Summary Freetrade is a UK fintech startup offering a wide selection of commission-free stocks. Freetrade is regulated by the FCA.
Fees score 4.9 stars
Recommended for Long-term investors on the hunt for low fees and focusing on the UK and US markets

Visit broker More

Revolut Logo

#2 Best broker for beginners
Revolut

4.3

Revolut is a fast-growing fintech startup founded in 2015 and mainly known for its banking and payment services. In 2019, the company also launched its commission-free stock trading, which is provided by Revolut Trading Ltd. 

Revolut is regulated by multiple top-tier regulators, including the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients' assets are protected up to $500,000 ($250,000 cash) under the Securities Investment Protection Corporation's (SIPC) insurance. Revolut is also regulated by the UK Financial Conduct Authority (FCA). 

Recommended for beginners looking for free trading and a great mobile-only trading platform

Visit broker

#2 Revolut
Mobile trading platform
4.9

Revolut offers a great and user-friendly mobile trading platform, with Touch/Face ID login and good search functions. On the other hand, there is no two-step login.
Pros Cons
User-friendly No two-step (safer) login
Good search function Limited order types
Touch/Face ID login
Best brokers for beginners - Revolut trading platform
Revolut trading platforms
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Mobile platform score 4.7 stars 4.9 stars 5.0 stars 4.8 stars 4.5 stars
Web platform score - - 4.5 stars 4.3 stars 4.0 stars

Visit broker More

#2 Revolut
Fees
4.8

Revolut provides a certain amount of free stock trades, depending on your plan. On the other hand, there is also a custody fee.
Pros Cons
Low trading fees None
Low non-trading fees
Free stock trading
Revolut fees
Freetrade Revolut Robinhood Merrill Edge DEGIRO
US stock $0.0 $1.0 $0.0 $0.0 $0.7
UK stock $0.0 - - - $2.8

All commissions are for opening a position, holding for a week, and closing.

Visit broker More

#2 Revolut
Education
1.0

There are no education materials or a demo account available at Revolut.
Pros Cons
None No demo account
No trading platform tutorial videos
No educational videos

Visit broker More

#2 Revolut
Customer service
1.8

Revolut has a great chatbot and a useful FAQ, but phone support offers only pre-recorded answers, while live chat is slow and its responses aren't always satisfactory.
Pros Cons
Phone support No 24/7 support
Live chat Irrelevant answers
Only pre-recorded answers on the phone
Revolut customer service channels
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Live chat Yes Yes No Yes No
Phone No Yes No Yes Yes
Email Yes No Yes No Yes

Visit broker More

#2 Revolut
Account opening
5.0

Revolut has an easy, fast, and fully digital account opening, requiring no minimum account balance.
Pros Cons
Fast None
Fully digital
No minimum deposit
Revolut minimum deposit and time to open an account
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Minimum deposit $0 $0 $0 $0 $0
Time to open account 1 day 1 day 1 day 1 day 1 day

Visit broker More

#2 Revolut
Deposit and withdrawal
3.5

Revolut offers several deposit options, and both deposits and withdrawals are free even when using wire transfers. On the negative side, you can only use a USD-based account for trading and we experienced issues when canceled orders.
Pros Cons
Credit/Debit card available Only one account base currency
Free withdrawal Funds can be blocked after cancel order
No deposit fee
Revolut withdrawal fee and options
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets Yes No No No No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#2 Revolut
Verdict

Revolut's fees are great. With all three types of accounts, you can trade US stocks for free (though monthly limits may apply). Account opening is easy, fully digital, and fast. You can use an awesome and user-friendly mobile trading platform.

Revolut has some drawbacks though. The product portfolio covers only US stocks and some crypto currencies. There are only a few research tools, while it offers no educational material at all. Customer service could also be improved. 

If you want to trade US stocks for free and are looking for an easy-to-use mobile platform, Revolut is a great choice.

Revolut
Summary Revolut is a UK-based fintech startup that offers commission-free stock trading. Revolut Trading Ltd is regulated by the FCA.
Fees score 4.8 stars
Recommended for Beginners looking for free trading and a great mobile-only trading platform

Visit broker More

Robinhood Logo

#3 Best broker for beginners
Robinhood

4.5

Robinhood is a US-based, 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 also introduced Cash Management to help clients earn interest on uninvested funds. Click here for more details on this great and unique service.

BrokerChooser is committed to bringing high transparency and clarity to its customers, including brokers and partners. BrokerChooser's Advertiser Disclosure.

Robinhood published recently its S1 disclosure. If you're interested in analyzing Robinhood's business numbers and how they stack against up other brokers, check this report.

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

Visit broker

#3 Robinhood
Mobile trading platform
5.0

The Robinhood mobile platform is one of the best we've tested. It is safe, well designed and user-friendly.
Pros Cons
User-friendly None
Two-step (safer) login
Good search function
Best brokers for beginners - Robinhood trading platform
Robinhood trading platforms
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Mobile platform score 4.7 stars 4.9 stars 5.0 stars 4.8 stars 4.5 stars
Web platform score - - 4.5 stars 4.3 stars 4.0 stars

Visit broker More

#3 Robinhood
Fees
5.0

Trading US stocks and ETFs is free at Robinhood. The broker doesn't charge an inactivity or withdrawal fee.
Pros Cons
Commission-free US stock and ETF trading None
No fee for deposit or withdrawal
Transparent fee structure
Robinhood fees
Freetrade Revolut Robinhood Merrill Edge DEGIRO
US stock $0.0 $1.0 $0.0 $0.0 $0.7
UK stock $0.0 - - - $2.8

All commissions are for opening a position, holding for a week, and closing.

Visit broker More

#3 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

Visit broker More

#3 Robinhood
Customer service
1.5

Robinhood's support team provides relevant information, but there is no phone or chat support.
Pros Cons
Fast response time No phone support
Relevant answers No live chat
No 24/7 support
Robinhood customer service channels
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Live chat Yes Yes No Yes No
Phone No Yes No Yes Yes
Email Yes No Yes No Yes

Visit broker More

#3 Robinhood
Account opening
5.0

The account opening at Robinhood is seamless, fully digital and can be completed within a day. On the negative side, the broker only accepts US clients and IRA accounts are not available.
Pros Cons
Fast Available only for US clients
Fully digital No IRA accounts offered
No minimum deposit
Robinhood minimum deposit and time to open an account
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Minimum deposit $0 $0 $0 $0 $0
Time to open account 1 day 1 day 1 day 1 day 1 day

Visit broker More

#3 Robinhood
Deposit and withdrawal
2.3

Deposit and withdrawal at Robinhood are free and easy and a great cash management service is available. 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
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets Yes No No No No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#3 Robinhood
Verdict

The biggest argument in favor of Robinhood is its appealing fee structure. US stock trading is commission-free and there is no withdrawal or inactivity fee. Robinhood clients can trade on awesome and user-friendly mobile and web trading platforms. The account opening is easy, fast and fully digital.

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. The broker provides educational articles but little else to guide you in 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 5.0 stars
Recommended for Beginners and buy-and-hold investors focusing on the US stock market

Visit broker More

Merrill Edge Logo

#4 Best broker for beginners
Merrill Edge

4.7

Merrill Edge is a US-based stockbroker founded in 2010 by Bank of America (BofA). BofA acquired Merrill Lynch during the 2008 financial crisis, and the rationale for launching Merrill Edge was to combine its online investing arm and Merrill Lynch's investment expertise. Merrill Edge offers US stocks, ETFs, options, and bonds. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Merrill Edge is considered safe because its parent company is a bank with a long track record and solid reputation, it discloses its financials, and is regulated by top-tier regulators. 

Recommended for investors and traders who looking for low fees, quick account opening, and simple platforms

Visit broker

#4 Merrill Edge
Mobile trading platform
4.8

The Merrill Edge mobile app, available for iPhone and Android devices, is easy to use and provides a safe and easy login. On the other hand, the search functions could be improved.
Pros Cons
User-friendly Poor search function
Two-step (safer) login
Touch/Face ID login
Best brokers for beginners - Merrill Edge trading platform
Merrill Edge trading platforms
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Mobile platform score 4.7 stars 4.9 stars 5.0 stars 4.8 stars 4.5 stars
Web platform score - - 4.5 stars 4.3 stars 4.0 stars

Visit broker More

#4 Merrill Edge
Fees
4.4

Merrill Edge has low trading and non-trading fees, including commission-free stock and ETF trades. On the other hand, financing/margin rates are quite high.
Pros Cons
Low trading fees High financing rate
Low non-trading fees
Low stock and ETF fees / Free stock trading
Merrill Edge fees
Freetrade Revolut Robinhood Merrill Edge DEGIRO
US stock $0.0 $1.0 $0.0 $0.0 $0.7
UK stock $0.0 - - - $2.8

All commissions are for opening a position, holding for a week, and closing.

Visit broker More

#4 Merrill Edge
Education
3.5

Merrill Edge offers many investment introductory materials for beginners as well as access to Merrill Lynch and Bank of America materials. Unfortunately, there is no demo account.
Pros Cons
Trading platform tutorial No demo account
Educational videos
Best brokers for beginners - Merrill Edge education

Visit broker More

#4 Merrill Edge
Customer service
4.5

You can contact Merrill Edge through phone support, the chat box, mail, or by visiting a Bank of America branch. There is also an online mailbox for document upload, but no email address for general inquiries.
Pros Cons
Phone support No email support
Live chat
Merrill Edge customer service channels
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Live chat Yes Yes No Yes No
Phone No Yes No Yes Yes
Email Yes No Yes No Yes

Visit broker More

#4 Merrill Edge
Account opening
5.0

Account opening at Merrill Edge is seamless and fully digital, it took us less than one day to have an open account. Only US clients are accepted.
Pros Cons
Fast Only US clients are accepted
Fully digital
No minimum deposit
Merrill Edge minimum deposit and time to open an account
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Minimum deposit $0 $0 $0 $0 $0
Time to open account 1 day 1 day 1 day 1 day 1 day

Visit broker More

#4 Merrill Edge
Deposit and withdrawal
2.2

Merrill Edge has an easy-to-use deposit and withdrawal system with a bank account connection. Unfortunately, credit/debit cards cannot be used to fund the account, and there is only USD as a base currency.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Only one account base currency
User-friendly Slow withdrawal - over 3 days
Merrill Edge withdrawal fee and options
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets Yes No No No No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#4 Merrill Edge
Verdict

Overall, Merrill Edge is a solid, easy-to-use trading platform created by Bank of America, one of the US's largest banks.

We rated Merrill Edge highly due to its low fees, easy process of account opening, and safety. 

Some of the drawbacks include limited product offerings, research capabilities, and deposit/withdrawal options.

As trading and non-trading fees are generally low, the research tools are great and the account opening is seamless, feel free to try it.

Merrill Edge
Summary Merrill Edge is a US based broker owned by Bank of America (BofA). It is regulated by the top-tier SEC and Finra and BofA is listed on the NYSE.
Fees score 4.4 stars
Recommended for Investors and traders who looking for low fees, quick account opening, and simple platforms

Visit broker More

DEGIRO Logo

#5 Best broker for beginners
DEGIRO

4.8

DEGIRO review summary

 

DEGIRO is a German-Dutch online discount broker. It was established in 2008 by former employees of another brokerage company in the Netherlands. DEGIRO merged with flatexDEGIRO Bank AG in early 2021, creating the biggest online execution-only broker in Europe with its own banking license.

DEGIRO is regulated by top-tier financial authorities such as the BaFin in Germany.

Disclaimer: Investing involves risk of loss.

Disclaimer for UK clients: Deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.

Our overall DEGIRO rating

Compare this broker to the best DEGIRO alternative here. 

Recommended for traders and investors looking for execution only

Visit broker

#5 DEGIRO
Mobile trading platform
4.5

DEGIRO's mobile app has a basic but good design and is pretty straightforward to use.
Pros Cons
User-friendly No price alerts
Two-step (safer) login
Touch/Face ID login
Best brokers for beginners - DEGIRO trading platform
DEGIRO trading platforms
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Mobile platform score 4.7 stars 4.9 stars 5.0 stars 4.8 stars 4.5 stars
Web platform score - - 4.5 stars 4.3 stars 4.0 stars

Visit broker More

#5 DEGIRO
Fees
4.5

DEGIRO has low trading fees for all asset classes, from stocks to options. Non-trading fees are also low, as there are no inactivity or withdrawal fees.
Pros Cons
No inactivity fee Higher trading fees for Asian and smaller European stock exchanges
Low stock and ETF fees
DEGIRO fees
Freetrade Revolut Robinhood Merrill Edge DEGIRO
US stock $0.0 $1.0 $0.0 $0.0 $0.7
UK stock $0.0 - - - $2.8

All commissions are for opening a position, holding for a week, and closing.

Visit broker More

#5 DEGIRO
Education
2.5

DEGIRO has quality educational tools about investing and how to use its platform.
Pros Cons
Trading platform tutorial DEGIRO doesn't have a demo account
Educational videos
Good production quality
Best brokers for beginners - DEGIRO education

Visit broker More

#5 DEGIRO
Customer service
3.8

Customer support is average at DEGIRO. You can reach out to them in many languages, and phone support is great. On the other hand, there is no live chat and 24/7 availability.
Pros Cons
Phone support No live chat
Relevant answers No 24/7 support
DEGIRO customer service channels
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Live chat Yes Yes No Yes No
Phone No Yes No Yes Yes
Email Yes No Yes No Yes

Visit broker More

#5 DEGIRO
Account opening
5.0

The account opening process at DEGIRO is fast, fully digital, and no minimum deposit is required.
Pros Cons
Fast None
Fully digital
No minimum deposit
DEGIRO minimum deposit and time to open an account
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Minimum deposit $0 $0 $0 $0 $0
Time to open account 1 day 1 day 1 day 1 day 1 day

Visit broker More

#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 funds using a 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
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets Yes No No No No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#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. DEGIRO also has one of the best trading platforms for Europeans. In addition, the account opening process is fast.

On the other hand, as DEGIRO is an execution-only broker, research tools are limited. We should also mention that there is no forex trading, and most clients 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 discount broker that merged with flatexDEGIRO Bank AG and is supervised by the German financial regulator
Fees score 4.5 stars
Recommended for Traders and investors looking for execution only

Visit broker More

Best brokers for beginners
What makes a great broker for beginners

Now you know which are the best brokers for beginners. Curious how we put together this list? Let's go through two points in some more detail: whether these brokers are safe, and how we compiled 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 authority. Some of them are also listed on an exchange, and some have a banking background.

However, brokerage companies can also go bust. 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, your money is safe.

If a worst-case scenario happens 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 300 criteria, with a real account and real money. In order not to overwhelm you, here are just the five most important criteria for brokers for beginners:

5 most important criteria for the best brokers for beginners in 2021
1. Mobile trading platform A user-friendly and well-equipped trading platform can significantly increase your comfort with trading.
2. Fees The overall cost of a typical trade can be 10-15 times higher at one broker than at another. So it is pays to check the fees.
3. Education Are you unfamiliar with concepts like spread or leverage? Good educational tools can help you to understand the basics of trading.
4. Account opening Some online brokers require a minimum first-time deposit, others don't. Check out what conditions the best online brokers have.
5. Deposit and withdrawal Withdrawing money from your account can be 5 times longer and more expensive from one broker to another.

Best brokers for beginners
Start your learning

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

Below, you can find some very useful learning materials to start with.

If you are considering starting your investment journey by learning, check out our education page, where you can find a lot of great materials. Learn about the pros and cons of investing your money on your own or the difference between trading and investing. You can also take a look at this article on account opening if you want to learn how you can open a trading account.

For beginner buy-and-hold investors we recommend reading our how to buy shares and how to buy ETFs articles.

For beginners who want to learn to trade, we can provide even more. A professional trader wrote about how to become a trader. Most beginner traders start with forex trading. If you don't know anything about this topic, start with our forex primer article. CFDs have also become very popular, but they are very risky. Start learning about this product type with this introduction to CFD trading and continue with the pros and cons of CFD trading.

Cryptos are a hot topic, but also super risky. We dug into it and found the safest ways to invest in Bitcoin. Highly recommended if you are considering cryptos.

When you become more experienced and start exploring futures options, you should definitely check out our article on the topic.

Best brokers for beginners
Bottom line

You saw the details, now let's zoom out. Here are once again the best brokers for beginners in 2021:

Best brokers for beginners in 2021
Freetrade Revolut Robinhood Merrill Edge DEGIRO
Award Best broker for beginners Best free stock trading platform Best discount broker
Mobile platform score 4.7 stars 4.9 stars 5.0 stars 4.8 stars 4.5 stars
Fees score 4.9 stars 4.8 stars 5.0 stars 4.4 stars 4.5 stars
Education score 3.0 stars 1.0 stars 1.5 stars 3.5 stars 2.5 stars
Customer service score 3.8 stars 1.8 stars 1.5 stars 4.5 stars 3.8 stars
Account opening score 5.0 stars 5.0 stars 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 4.0 stars 3.5 stars 2.3 stars 2.2 stars 3.3 stars
Visit broker Visit broker Visit broker Visit broker Visit broker

Freetrade is our winner, the best broker for beginners in 2021. Free stock and ETF trading. Easy and fast account opening. Great mobile trading platform.

All the other brokers in the top five are considered great choices as well. Pick any of them and take the next step in your investment journey. Let us know what you think in the comment section.

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

Author of this article

Gergely Korpos

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.

Gergely Korpos

Co-founder, CPO

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

Share

Comments

×