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To find the best online brokers for beginners in Tonga in 2022, we went ahead and did the research for you. We conducted interviews with newbies who had no trading experience. We tested 100 brokers, of which 3 made it to the top. And now, without further ado...

The best online brokers for beginners in Tonga in 2022 are:

  1. Passfolio - the best broker for beginners in Tonga in 2022. Free US stock and ETF trading. Great mobile platform. Fast and fully digital account opening.
  2. Questrade is our runner-up. Low stock and ETF fees. Solid research tools. Superb customer service.
  3. EasyEquities placed third. Low trading fees and non-trading fees. Excellent educational materials. Easy and fully digital account opening.
Best brokers for beginners in Tonga in 2022
Broker Info Fees score Minimum deposit
#1 Passfolio Global zero-commission stockbroker 4.3 stars $0
#2 Questrade Canadian stockbroker 3.6 stars $1,000
#3 EasyEquities South African stockbroker 4.4 stars $0

What makes a great broker for beginners? Two things above all: low fees and an excellent mobile trading platform. The service should fit your needs and make everything easy. It should also offer great educational tools, like a demo account or learning material.

All that is easy to list, but hard to figure out. That's why we are testing brokers based on nearly 500 criteria, using real accounts and real money.

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 the help of our in-depth comparison tool.

And now, let's see the best online brokers for beginners in Tonga in 2022 one by one, starting with the winner, Passfolio.

Passfolio Logo

#1 Best broker for beginners
Passfolio

4.5

Passfolio, a global zero-commission stockbroker, is a young and ambitious brokerage founded in 2018. It is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In addition to the top-tier regulation, clients also enjoy investor protection under the SIPC policy of Passfolio's clearing firm for up to an additional $30 million (with a cash sub-limit of $900,000 per account), subject to an aggregate limit of $150 million.

Although Passfolio is a global broker, there is a distinct focus on Brazilian customers, as evidenced by the fact that a good portion of the content it offers is available in Portuguese. 

Passfolio is considered safe because it is regulated by top-tier authorities and offers extra protection to investors. 

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#1 Passfolio
Mobile trading platform
4.8

Passfolio's mobile platform boasts a clear-cut design and its search functions are also solid. What's missing is a wider selection of order types.
Pros Cons
User-friendly Limited order types
Two-step (safer) login
Good search function
Best brokers for beginners - Passfolio trading platform
Passfolio trading platforms
Passfolio Questrade EasyEquities
Mobile platform score 4.8 stars 4.8 stars 4.0 stars
Web platform score 3.8 stars 3.8 stars 3.2 stars

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#1 Passfolio
Fees
4.3

Passfolio has attractive fees, as trading in all assets except for cryptos is free of charge above a trade value of $5. On the other hand, most withdrawal options carry a fee.
Pros Cons
Free stock and ETF trading above $5 Withdrawal fee
No account opening and maintenance fees High margin rates for stock trading
Passfolio fees
Passfolio Questrade EasyEquities
US stock $0.0 $5.0 $5.0
UK stock - - -

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

Passfolio non-trading fees
Passfolio Questrade EasyEquities
Account fee No No No
Inactivity fee No No No
Withdrawal fee $0 $0 $0

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#1 Passfolio
Education
2.5

Passfolio's education services are limited and not varied. There are some high-quality educational articles and a YouTube channel with market updates in Portuguese.
Pros Cons
Quality educational texts No demo account
No trading platform tutorial videos
Best brokers for beginners - Passfolio education

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Questrade Logo

#2 Best broker for beginners
Questrade

4.5

Questrade, founded in 1999, is one of the most popular brokerage firms in Canada. It is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and is a member of the Canadian Investor Protection Fund (CIPF).

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

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#2 Questrade
Mobile trading platform
4.8

The Questrade mobile trading platform is great. It is user-friendly and well-designed.
Pros Cons
User-friendly None
Two-step (safer) login
Good variety of order types
Best brokers for beginners - Questrade trading platform
Questrade trading platforms
Passfolio Questrade EasyEquities
Mobile platform score 4.8 stars 4.8 stars 4.0 stars
Web platform score 3.8 stars 3.8 stars 3.2 stars

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#2 Questrade
Fees
3.6

Questrade has competitive fees for stocks, ETFs, funds and forex trading. However, margin rates are slightly at the higher end.
Pros Cons
Low non-trading fees High margin rates
Low stock and ETF fees / Free stock trading
Low fund fees
Questrade fees
Passfolio Questrade EasyEquities
US stock $0.0 $5.0 $5.0
UK stock - - -

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

Questrade non-trading fees
Passfolio Questrade EasyEquities
Account fee No No No
Inactivity fee No No No
Withdrawal fee $0 $0 $0

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#2 Questrade
Education
4.0

Questrade offers an adequate amount of educational and tutorial materials for both novice and advanced traders. However, the educational section could be more structured.
Pros Cons
Demo account Educational section is hard to navigate
Trading platform tutorial
Educational videos
Best brokers for beginners - Questrade education

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EasyEquities Logo

#3 Best broker for beginners
EasyEquities

4.1

EasyEquities is a South African stockbroker founded in 2014. EasyEquities is regulated by South Africa's Financial Sector Conduct Authority (FSCA) and the Australian Securities and Investments Commission (ASIC). EasyEquities is part of the Purple Group, which is listed on the Johannesburg Stock Exchange.

EasyEquities is considered safe because it is regulated by the top-tier ASIC and its parent company is listed on an exchange.

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#3 EasyEquities
Mobile trading platform
4.0

The EasyEquities mobile trading platform is user-friendly, has a good search function and offers price alerts. On the negative side, order types and login options are limited.
Pros Cons
User-friendly No two-step (safer) login
Good search function Limited order types
Price alerts No Touch/Face ID login
Best brokers for beginners - EasyEquities trading platform
EasyEquities trading platforms
Passfolio Questrade EasyEquities
Mobile platform score 4.8 stars 4.8 stars 4.0 stars
Web platform score 3.8 stars 3.8 stars 3.2 stars

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#3 EasyEquities
Fees
4.4

EasyEquities has low South African stock and ETF fees, and there's also no fee for inactivity or withdrawal. However, it charges a fee for credit/debit card deposit.
Pros Cons
Low trading fees Deposit fee for credit/debit cards
Low non-trading fees
Low stock and ETF fees
EasyEquities fees
Passfolio Questrade EasyEquities
US stock $0.0 $5.0 $5.0
UK stock - - -

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

EasyEquities non-trading fees
Passfolio Questrade EasyEquities
Account fee No No No
Inactivity fee No No No
Withdrawal fee $0 $0 $0

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#3 EasyEquities
Education
5.0

EasyEquities has great educational materials. You can use demo accounts, participate in webinars, watch educational videos and read quality texts.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos
Quality educational texts
Best brokers for beginners - EasyEquities education

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Best brokers for beginners
What makes a great broker for beginners

Now you know which are the best brokers for beginners. Curious how we assembled this list? Let's go through two points in a bit more detail: whether these brokers are reliable, and what criteria we looked at as we compiled the list.

Are these brokers reliable?

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

How did BrokerChooser pick the best brokers for beginners?

Here at BrokerChooser, we test online brokers according to almost 500 criteria, using real accounts and real money. We don't want to overwhelm you, so here are just the three most important criteria we used to identify the best brokers for beginners:

3 most important criteria for finding the best brokers for beginners in 2022
1. Fees The overall cost of a typical trade can be 10-15 times higher at one broker than at another. So it pays to take a close look at fees.
2. Mobile trading platform A user-friendly and well-equipped trading platform can significantly increase your comfort with trading.
3. Education Are you unfamiliar with concepts like spread or leverage? Good educational tools can help you understand the basics of trading.

Best brokers for beginners
Start your learning

If you are a beginner, the best way to launch your investment journey is by learning. Don't know where to start? Check out our education page, where you can find a lot of useful learning materials.

Learn about the pros and cons of investing your money on your own, or about the difference between trading and investing. You can also take a look at this article on account opening if you want to learn how to 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 offer even more. A former professional trader explains how to become a trader. Many beginner traders start with forex trading. If you don't know anything about this topic, start with our forex primer article.

Cryptos are a hot topic, but also super risky. We explored the issue and presented the different ways of investing in Bitcoin. Highly recommended if you are considering cryptos.

When you become more experienced and are considering trading 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 Tonga in 2022:

Best brokers for beginners in Tonga in 2022
Passfolio Questrade EasyEquities
Fees score 4.3 stars 3.6 stars 4.4 stars
Mobile platform score 4.8 stars 4.8 stars 4.0 stars
Education score 2.5 stars 4.0 stars 5.0 stars
Customer service score 3.5 stars 4.5 stars 0.5 stars
Deposit and withdrawal score 2.8 stars 2.7 stars 3.6 stars
Visit broker Visit broker Visit broker

Passfolio is our winner, the best broker for beginners in Tonga in 2022. Free US stock and ETF trading. Great mobile platform. Fast and fully digital account opening.

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 comments 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

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

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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