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Best brokers for beginners in China in 2020

Webull
4.3
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eToro
4.6
Visit broker
75% of retail CFD accounts lose money
TD Ameritrade
4.8
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Best brokers for beginners in China in 2020

To find the best online brokers for beginners in China in 2020, we went ahead and did the research for you. We made interviews with newbies, without any trading experience. We tested 57 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 China in 2020 are:

  1. Webull is the best broker for beginners in China in 2020. Free stocks and ETFs. Fast and easy account opening. Great trading platforms.
  2. eToro is the runner-up. Free stock and ETF trading in the EU. Seamless account opening. Social trading experience.
  3. TD Ameritrade is placed number three. Low trading fees (free stock and ETF trading) . Superb desktop trading platform. Great customer support.
  4. Swissquote is number four. Access to many markets and products. No inactivity fee. Rock-solid background.
  5. Firstrade made it to the best broker for the beginner list. Free stock, ETF, fund, and options trading. Solid research tools. Quality educational tools.
Best brokers for beginners in China in 2020
Broker Info Best in
#1 Webull US discount broker
#2 eToro Global social trading broker Best broker for cryptos
#3 TD Ameritrade US-based stockbroker Best desktop trading platform
#4 Swissquote Swiss investment bank
#5 Firstrade US discount broker Best broker for funds

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 China in 2020 one by one. Starting with the winner, Webull.

Webull Logo

#1 Best broker for beginners
Webull

4.3

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 and ETFs 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 telephone support

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#1 Webull
Web trading platform
5.0

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
Webull eToro TD Ameritrade Swissquote Firstrade
Web platform score 5.0 4.0 4.0 4.0 4.0
Mobile platform score 5.0 5.0 4.0 5.0 3.0
Desktop platform score 5.0 - 5.0 - -

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#1 Webull
Fees
5.0

Webull offers commission-free trades for US-based stocks and ETFs. 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 and ETFs
Webull fees
Webull eToro TD Ameritrade Swissquote Firstrade
US stock $0.0 $0.0 $0.0 $25.0 $0.0
UK stock - $0.0 - $30.0 -
EURUSD benchmark fee - $19.6 $13.0 $16.5 -

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#1 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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#1 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, China, and India.
Pros Cons
Fast Only available for US, Chinese and Indian clients
Fully digital
No minimum deposit
Webull minimum deposit and time to open an account
Webull eToro TD Ameritrade Swissquote Firstrade
Minimum deposit $0 $200 $0 $0 $0
Time to open account 1 day 1 day 1-3 days 1 day 1-3 days

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#1 Webull
Deposit and withdrawal
2.0

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
Webull eToro TD Ameritrade Swissquote Firstrade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $25 $0 $10 $0

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#1 Webull
Verdict

Webull's fees are great. You can trade with commission-free US stocks and ETFs. 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 and ETFs. You can use only bank transfer for deposit or withdrawal, and wire transfer is charged for both direction. Customer support can be contacted only through email and message center on the trading platforms.

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 5.0
Recommended for Investors and traders looking for zero-commission trading and focusing on US markets

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eToro Logo

#2 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.

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)

Pros Cons
Free stock and ETF trading in the EU High forex fees
Seamless account opening Withdrawing money is slow and expensive
Social trading experience Only one account base currency

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75% of retail CFD accounts lose money

#2 eToro
Web trading platform
4.0

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
Webull eToro TD Ameritrade Swissquote Firstrade
Web platform score 5.0 4.0 4.0 4.0 4.0
Mobile platform score 5.0 5.0 4.0 5.0 3.0
Desktop platform score 5.0 - 5.0 - -

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75% of retail CFD accounts lose money

#2 eToro
Fees
4.0

eToro offers free stock trading in Europe and has low CFD fees. On the negative side, forex trading fees and withdrawal fees are high.
Pros Cons
Free stock and ETF trading in the EU High non-trading fees
Low CFD fees High forex fees
Withdrawal fee
eToro fees
Webull eToro TD Ameritrade Swissquote Firstrade
US stock $0.0 $0.0 $0.0 $25.0 $0.0
UK stock - $0.0 - $30.0 -
EURUSD benchmark fee - $19.6 $13.0 $16.5 -

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75% of retail CFD accounts lose money

#2 eToro
Education
3.0

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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75% of retail CFD accounts lose money

#2 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
Webull eToro TD Ameritrade Swissquote Firstrade
Minimum deposit $0 $200 $0 $0 $0
Time to open account 1 day 1 day 1-3 days 1 day 1-3 days

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75% of retail CFD accounts lose money

#2 eToro
Deposit and withdrawal
3.0

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 High withdrawal fee
No deposit fee Only one account base currency
User-friendly Slow withdrawal - over 3 days
eToro withdrawal fee and options
Webull eToro TD Ameritrade Swissquote Firstrade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $25 $0 $10 $0

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75% of retail CFD accounts lose money

#2 eToro
Verdict

eToro has zero-commission stock trading in Europe. Account opening is really fast and seamless. It has also a lot of innovative features, like social trading.

It has some drawbacks, though. Forex fees and non-trading fees are high, and eToro only allows USD accounts

Overall, we would recommend eToro for its social trading feature and cheap stock trading.

Risk disclaimer

eToro is a multi-asset platform that offers both investing in stocks and cryptoassets, 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 which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

Past performance is not an indication of future results.

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 4.0
Recommended for Traders interested in social trading (i.e. copying other investors’ trades)

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75% of retail CFD accounts lose money

TD Ameritrade Logo

#3 Best broker for beginners
TD Ameritrade

4.8

TD Ameritrade was founded in 1978 and it is one of the biggest US-based stockbrokers. It is regulated by top-tier regulators like the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).

TD Ameritrade is considered a safe broker since it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is regulated by top-tier regulators.

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

Pros Cons
Low trading fees (free stock and ETF trading) You can trade only in the US markets
Superb desktop trading platform Slow and not fully digital account opening
Great customer support No credit/debit cards and electronic wallets for money transfer

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#3 TD Ameritrade
Web trading platform
4.0

TD Ameritrade offers a good web-based trading platform with a clean design. On the flip side, there is no two-step login and the platform is not customizable.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good variety of order types
Best brokers for beginners - TD Ameritrade trading platform
TD Ameritrade trading platforms
Webull eToro TD Ameritrade Swissquote Firstrade
Web platform score 5.0 4.0 4.0 4.0 4.0
Mobile platform score 5.0 5.0 4.0 5.0 3.0
Desktop platform score 5.0 - 5.0 - -

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#3 TD Ameritrade
Fees
4.0

TD Ameritrade provides free stock and ETF trading. The forex, bond, and options fees are low as well. On the other hand, they charge high fees for mutual funds.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Free stocks and ETFs
TD Ameritrade fees
Webull eToro TD Ameritrade Swissquote Firstrade
US stock $0.0 $0.0 $0.0 $25.0 $0.0
UK stock - $0.0 - $30.0 -
EURUSD benchmark fee - $19.6 $13.0 $16.5 -

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#3 TD Ameritrade
Education
5.0

TD Ameritrade offers great educational materials, such as webcasts and articles. The top league Thinkorswim platform has a demo account with a virtual balance for head-starting without any risk.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos
Best brokers for beginners - TD Ameritrade education

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#3 TD Ameritrade
Account opening
3.0

As a new client, you can change from many different account types at TD Ameritrade and as US citizen you will face no minimum deposit. Unfortunately, the process is not fully digital.
Pros Cons
No minimum deposit Not fully digital
Many account types
TD Ameritrade minimum deposit and time to open an account
Webull eToro TD Ameritrade Swissquote Firstrade
Minimum deposit $0 $200 $0 $0 $0
Time to open account 1 day 1 day 1-3 days 1 day 1-3 days

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#3 TD Ameritrade
Deposit and withdrawal
2.0

TD Ameritrade has user-friendly account funding and charges no deposit fees, but are several drawbacks as well. You can use only bank transfer and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly High withdrawal fee for wire transfers
TD Ameritrade withdrawal fee and options
Webull eToro TD Ameritrade Swissquote Firstrade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $25 $0 $10 $0

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#3 TD Ameritrade
Verdict

TD Ameritrade is one of the biggest US online brokers. Reflecting the wave of introducing commission-free trading at the end of 2019, TD Ameritrade now charges no commission of stock and ETF trades.

Research and education are outstanding and covers a lot of tools. The Thinkorswim desktop trading platform is one of the best on the marketThe customer service is great, you will get relevant answers within a short time.

It has some drawbacks though. It charges high financing (margin) rates and it doesn't provide credit/debit cards and electronic wallets for money transfers. Furthermore, the product portfolio covers products only from U.S. markets. 

As there are great education tools including a demo account, feel free to try it.

TD Ameritrade
Summary TD Ameritrade is a US stockbroker, regulated by top-tier authorities the SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group.
Fees score 4.0
Recommended for Investors and traders looking for solid research and a well-equipped desktop trading platform

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Swissquote Logo

#4 Best broker for beginners
Swissquote

4.6

Swissquote is a Swiss investment bank established in 1996. It has two main trading arms: a Swiss unit for trading stocks, funds, options and futures and a company in the UK for CFDs and forex.

Formally, Swissquote Bank Ltd is based in Switzerland and is regulated by the Swiss Financial Market Supervisory Authority (FINMA), the country's financial regulator.

The other entity, Swissquote Ltd, is UK-based and offers CFDs and forex. It is regulated by the Financial Conduct Authority (FCA), the UK's financial authority.

Swissquote is considered safe because Swissquote Bank Ltd has a banking license, it is listed on the Swiss stock exchange, discloses detailed financials regularly and it has a long track record.

For clarity, in this review we focus on the Swiss entity, but also discuss services of the UK arm, especially in the case of CFD and forex trading. To make it clear which company we are talking about, we will refer to the Swiss entity as "Swissquote (CH)" and to the UK-based entity as "Swissquote Forex (UK)".

Recommended for affluent investors who value safety and are ok with higher fees

Pros Cons
Access to many markets and products High trading fees
No inactivity fee Confusing trading platform selection
Rock-solid background Some research tools are not free

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#4 Swissquote
Web trading platform
4.0

The Swissquote (CH) eTrading platform has a lot of functions, so many that sometimes it can get complicated. Customizability is good and a there is a clear overview of trading fees, but you may run into some bugs.
Pros Cons
Clear fee report Account login and search function bugs
Good customizability (for charts, workspace) Easy to get lost among functions
Available in several languages
Best brokers for beginners - Swissquote trading platform
Swissquote trading platforms
Webull eToro TD Ameritrade Swissquote Firstrade
Web platform score 5.0 4.0 4.0 4.0 4.0
Mobile platform score 5.0 5.0 4.0 5.0 3.0
Desktop platform score 5.0 - 5.0 - -

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#4 Swissquote
Fees
2.0

Swissquote doesn't charge an inactivity fee and you can trade an impressive selection of funds for favorable fees. On the other hand, trading fees are generally high, including for stocks and ETFs, and there is a fee for withdrawing your money.
Pros Cons
Low fund fees High trading fees
No inactivity fee High stock and ETF fees
High bond fees
Swissquote fees
Webull eToro TD Ameritrade Swissquote Firstrade
US stock $0.0 $0.0 $0.0 $25.0 $0.0
UK stock - $0.0 - $30.0 -
EURUSD benchmark fee - $19.6 $13.0 $16.5 -

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#4 Swissquote
Education
5.0

Swissquote provides easy-to understand and professional educational videos, ebooks, webinars and tutorials.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos
Best brokers for beginners - Swissquote education

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#4 Swissquote
Account opening
4.0

Swissquote offers a fully digital account opening, although we encountered some technical difficulties during the identification process. There is no minimum deposit for trading accounts, but a high minimum for forex and robo-advisory accounts.
Pros Cons
Fully digital Technical difficulties
No minimum deposit for trading account Forex and robo-advisor accounts have high minimum
Swissquote minimum deposit and time to open an account
Webull eToro TD Ameritrade Swissquote Firstrade
Minimum deposit $0 $200 $0 $0 $0
Time to open account 1 day 1 day 1-3 days 1 day 1-3 days

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#4 Swissquote
Deposit and withdrawal
4.0

Depositing at Swissquote is quick with credit/debit card and can be done in several base currencies. On the negative side, you can only withdraw money via bank transfer.
Pros Cons
Quick deposit and withdrawal - within 3 days Credit/Debit card withdrawal not available
Several account base currencies at Swissquote (UK)
Swissquote withdrawal fee and options
Webull eToro TD Ameritrade Swissquote Firstrade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $25 $0 $10 $0

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#4 Swissquote
Verdict

Swissquote is an investment bank with a rock-solid background:

  • It is Swiss,
  • it is listed on an exchange
  • and it is a bank

It has two main entities, one in the UK and one in Switzerland. If you open an account at the London-based entity you can trade forex and CFDs, while the Swiss entity gives you access to asset classes ranging from stocks to options.

Swissquote offers a broad range of products across many markets. There are many stocks, mutual funds, and a lot of different other types of products, from bonds to cryptos.

However, nothing comes for free: Swissquote's trading fees are relatively high

All in all, Swissquote is a great stockbroker. As you can trade many products and no inactivity fee is charged, feel free to give it a try.

Swissquote
Summary Swissquote is a Swiss online broker with a banking license. It is listed on the Swiss stock exchange and regulated by several authorities globally, including the top-tier UK FCA.
Fees score 2.0
Recommended for Affluent investors who value safety and are OK with higher fees

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Firstrade Logo

#5 Best broker for beginners
Firstrade

4.5

Firstrade is a US discount stockbroker regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA). The company was founded in 1985 under the name of First Flushing Securities.

Firstrade is considered safe because it has a long track record and is regulated by top-tier regulators.

Recommended for beginners and investors looking for zero-commission trading, focusing on the us market

Pros Cons
Free stock, ETF, fund, and options trading No credit/debit cards and electronic wallets for money transfer
Solid research tools You can trade only on US markets
Quality educational tools No live chat and 24/7 availability

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#5 Firstrade
Web trading platform
4.0

During our testing, we found Firstrade's web platform is simple and easy to use. If you are a beginner, then you can easily navigate it. On the negative side, it lacks a two-step login and the customizability is limited.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Best brokers for beginners - Firstrade trading platform
Firstrade trading platforms
Webull eToro TD Ameritrade Swissquote Firstrade
Web platform score 5.0 4.0 4.0 4.0 4.0
Mobile platform score 5.0 5.0 4.0 5.0 3.0
Desktop platform score 5.0 - 5.0 - -

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#5 Firstrade
Fees
5.0

Firstrade has low fees. It offers free stock, ETF, funds, and options trading. The non-trading fees are low too. However, the margin rates are high.
Pros Cons
Low trading fees High margin rates
Low non-trading fees
Free stock, ETF, fund and options trading
Firstrade fees
Webull eToro TD Ameritrade Swissquote Firstrade
US stock $0.0 $0.0 $0.0 $25.0 $0.0
UK stock - $0.0 - $30.0 -
EURUSD benchmark fee - $19.6 $13.0 $16.5 -

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#5 Firstrade
Education
4.0

Are you a beginner or you believe in life long learning? Then Firstrade is clearly a good match for you. They offer good quality educational articles, a useful glossary, a bunch of platform videos and useful webinars. However, a demo account is missing.
Pros Cons
Trading platform tutorial No demo account
Educational videos
Best brokers for beginners - Firstrade education

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#5 Firstrade
Account opening
4.0

The account opening is fully digital and user-friendly. Firstrade is available for US and some non-US customers. On the flip side during the test we experienced a slower account opening, that took almost 3 business days.
Pros Cons
Fully digital Slow account verification
No minimum deposit
Low minimum deposit
Firstrade minimum deposit and time to open an account
Webull eToro TD Ameritrade Swissquote Firstrade
Minimum deposit $0 $200 $0 $0 $0
Time to open account 1 day 1 day 1-3 days 1 day 1-3 days

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#5 Firstrade
Deposit and withdrawal
2.0

We liked a lot Firstrade's user-friendly deposit and withdrawal process. There is no deposit fee and transferring money is easy. At the same time, there is still room for improvement. You can use only bank transfer and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly High outgoing wire transfer fee
Firstrade withdrawal fee and options
Webull eToro TD Ameritrade Swissquote Firstrade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No Yes No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $25 $0 $10 $0

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#5 Firstrade
Verdict

Firstrade is one of the biggest discount US stockbrokers regulated by top-tier regulators.

It offers free stock, ETF, mutual funds, and options trading. It doesn't charge inactivity and account fees and there are a lot of quality research and educational tools you can use.

To provide an unbiased picture we have to mention some drawbacks though. Firstrade doesn't provide credit/debit cards and electronic wallets for transferring money. Are you interested only in U.S. market products? If yes, then you will be delighted. Otherwise, you might find insufficient that the product portfolio covers only the US market. The customer service is only 24/5 and you can't contact them via live chat. 

As there are low fees and no inactivity fee is charged, feel free to try Firstrade.

Firstrade
Summary Firstrade is a US discount broker regulated by the top-tier SEC and FINRA.
Fees score 5.0
Recommended for Beginners and investors looking for zero-commission trading, focusing on the US market

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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 China in 2020:

Best brokers for beginners in China of 2020
Webull eToro TD Ameritrade Swissquote Firstrade
Award Best broker for cryptos Best desktop trading platform Best broker for funds
Fees score 5.0 4.0 4.0 2.0 5.0
Account opening score 5.0 5.0 3.0 4.0 4.0
Deposit and withdrawal score 2.0 3.0 2.0 4.0 2.0
Markets and products score 2.0 4.0 4.0 5.0 3.0
Web platform score 5.0 4.0 4.0 4.0 4.0
Visit broker Visit broker
75% of retail CFD accounts lose money
Visit broker Visit broker Visit broker

Webull is our winner, the best broker for beginners in China in 2020. Free stocks and ETFs. Fast and easy account opening. Great trading platforms

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.

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Tibor Bedő

Tibor Bedő

Co-founder, CEO

Author of this article

Tibor believes having a good stockbroker is everybody's privilege. He worked extensively in the financial industry, including at Morgan Stanley and at The Boston Consulting Group (BCG). He advised leading European banks on strategy, finance and risk management.

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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