feed linkedin-square facebook-square twitter-square question-circle-o

Best brokers for beginners in the United States in 2020

Robinhood
4.6
Visit broker
Webull
4.3
Visit broker
Fidelity
4.9
Visit broker
Robinhood
4.6
Visit broker
Webull
4.3
Visit broker
Fidelity
4.9
Visit broker
Best brokers for beginners in the United States in 2020

To find the best online brokers for beginners in the United States 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 the United States in 2020 are:

  1. Robinhood is the best broker for beginners in the United States 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 and ETFs. Fast and easy account opening. Great trading platforms.
  3. Fidelity is placed number three. Solid research tools. Great web trading platform. US and international stocks.
  4. E-Trade is number four. Low trading fees (free stock and ETF trading). User-friendly mobile trading platform. Great research tools.
  5. TD Ameritrade made it to the best broker for the beginner list. Low trading fees (free stock and ETF trading) . Superb desktop trading platform. Great customer support.
Best brokers for beginners in the United States in 2020
Broker Info Best in
#1 Robinhood US zero-fee discount broker Best broker for beginners
#2 Webull US discount broker
#3 Fidelity US stockbroker Best broker for bonds
#4 E-Trade US stockbroker
#5 TD Ameritrade US-based stockbroker Best desktop trading platform

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 the United States 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).

 

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

Visit broker

#1 Robinhood
Web trading platform
5.0

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 Fidelity E-Trade TD Ameritrade
Web platform score 5.0 5.0 5.0 4.0 4.0
Mobile platform score 5.0 5.0 5.0 5.0 4.0
Desktop platform score - 5.0 4.0 - 5.0

Visit broker More

#1 Robinhood
Fees
5.0

Trading US stocks and ETFs is free at Robinhood. It's also great that Robinhood doesn't charge an inactivity or withdrawal fee.
Pros Cons
Low trading fees None
Low non-trading fees
Commission-free US stock trading
Robinhood fees
Robinhood Webull Fidelity E-Trade TD Ameritrade
US stock $0.0 $0.0 $0.0 $0.0 $0.0
UK stock - - $10.8 - -
EURUSD benchmark fee - - - - $13.0

Visit broker More

#1 Robinhood
Education
2.0

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

#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 and Australian clients can open an account.
Pros Cons
Fast Available only for US and Australian clients
Fully digital
No minimum deposit
Robinhood minimum deposit and time to open an account
Robinhood Webull Fidelity E-Trade TD Ameritrade
Minimum deposit $0 $0 $0 $500 $0
Time to open account 1 day 1 day 1-3 days >3 days 1-3 days

Visit broker More

#1 Robinhood
Deposit and withdrawal
2.0

Deposit and withdrawal at Robinhood is free and easy, but you can only use bank transfer. In addition, large 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 takes longer
Instant deposit up to $1,000 per week Wire withdrawal is pricey
Robinhood withdrawal fee and options
Robinhood Webull Fidelity E-Trade TD Ameritrade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#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 5.0
Recommended for Beginners and buy-and-hold investors focusing on the US stock market

Visit broker More

Webull Logo

#2 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

Visit broker

#2 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
Robinhood Webull Fidelity E-Trade TD Ameritrade
Web platform score 5.0 5.0 5.0 4.0 4.0
Mobile platform score 5.0 5.0 5.0 5.0 4.0
Desktop platform score - 5.0 4.0 - 5.0

Visit broker More

#2 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
Robinhood Webull Fidelity E-Trade TD Ameritrade
US stock $0.0 $0.0 $0.0 $0.0 $0.0
UK stock - - $10.8 - -
EURUSD benchmark fee - - - - $13.0

Visit broker More

#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

Visit broker More

#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, 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
Robinhood Webull Fidelity E-Trade TD Ameritrade
Minimum deposit $0 $0 $0 $500 $0
Time to open account 1 day 1 day 1-3 days >3 days 1-3 days

Visit broker More

#2 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
Robinhood Webull Fidelity E-Trade TD Ameritrade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#2 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

Visit broker More

Fidelity Logo

#3 Best broker for beginners
Fidelity

4.9

Fidelity  US stockbroker, founded in 1946. It is regulated by top-tier regulators 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 regulators.

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 Financing rates are high

Visit broker

#3 Fidelity
Web trading platform
5.0

Fidelity's web platform is easy to use, has a lot of order types, and provides a 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 Fidelity E-Trade TD Ameritrade
Web platform score 5.0 5.0 5.0 4.0 4.0
Mobile platform score 5.0 5.0 5.0 5.0 4.0
Desktop platform score - 5.0 4.0 - 5.0

Visit broker More

#3 Fidelity
Fees
4.0

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 Fidelity E-Trade TD Ameritrade
US stock $0.0 $0.0 $0.0 $0.0 $0.0
UK stock - - $10.8 - -
EURUSD benchmark fee - - - - $13.0

Visit broker More

#3 Fidelity
Education
5.0

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

Visit broker More

#3 Fidelity
Account opening
3.0

Opening an account at Fidelity is easy and fast, but not fully digital. The application had to be mailed with the relevant ID's photocopy.
Pros Cons
No minimum deposit Not fully digital
Low minimum deposit
User-friendly
Fidelity minimum deposit and time to open an account
Robinhood Webull Fidelity E-Trade TD Ameritrade
Minimum deposit $0 $0 $0 $500 $0
Time to open account 1 day 1 day 1-3 days >3 days 1-3 days

Visit broker More

#3 Fidelity
Deposit and withdrawal
4.0

Fidelity offers an exceptionally wide range of base currencies. Credit/debit cards are not accepted and the wire withdrawals are charged.
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 Fidelity E-Trade TD Ameritrade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#3 Fidelity
Verdict

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

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 product offer covers international stock exchanges besides the US market, not common among the US brokers.

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

As the research tools are great, the web trading platform is user-friendly, and no inactivity fee is charged, 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 4.0
Recommended for Investors and traders looking for solid research and great trading platforms

Visit broker More

E-Trade Logo

#4 Best broker for beginners
E-Trade

4.8

E-Trade is a US-based stockbroker founded in 1982. It is regulated by top-tier regulators like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

E-Trade is considered safe because 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, US regulators.

Recommended for investors and traders looking for solid research and a great mobile trading platform

Pros Cons
Low trading fees (free stock and ETF trading) Only US markets covered
User-friendly mobile trading platform Slow account verification
Great research tools No forex

Visit broker

#4 E-Trade
Web trading platform
4.0

E-Trade has a great web-based user-friendly trading platform with a clear fee report. On the negative side, there is no two-step login and cannot be customized.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good search function
Best brokers for beginners - E-Trade trading platform
E-Trade trading platforms
Robinhood Webull Fidelity E-Trade TD Ameritrade
Web platform score 5.0 5.0 5.0 4.0 4.0
Mobile platform score 5.0 5.0 5.0 5.0 4.0
Desktop platform score - 5.0 4.0 - 5.0

Visit broker More

#4 E-Trade
Fees
4.0

E-Trade offers free stock, ETF trading. Some mutual funds and bonds are also free. The non-trading fees are low. On the negative side, the fees for non-free mutual funds are high.
Pros Cons
Low non-trading fees Higher fees for non-free mutual funds
Free stock and ETF trading
Some mutual funds and bonds are free
E-Trade fees
Robinhood Webull Fidelity E-Trade TD Ameritrade
US stock $0.0 $0.0 $0.0 $0.0 $0.0
UK stock - - $10.8 - -
EURUSD benchmark fee - - - - $13.0

Visit broker More

#4 E-Trade
Education
4.0

E-Trade offers good educational materials, such as educational videos, articles and free webinars. We missed the demo account.
Pros Cons
Trading platform tutorial No demo account
Educational videos
Good production quality
Best brokers for beginners - E-Trade education

Visit broker More

#4 E-Trade
Account opening
4.0

The account opening is fully digital and user-friendly for US clients. On the flip side, the account verification process was slow.
Pros Cons
Fully digital Slow
User-friendly
E-Trade minimum deposit and time to open an account
Robinhood Webull Fidelity E-Trade TD Ameritrade
Minimum deposit $0 $0 $0 $500 $0
Time to open account 1 day 1 day 1-3 days >3 days 1-3 days

Visit broker More

#4 E-Trade
Deposit and withdrawal
2.0

E-Trade charges no deposit fees and transferring money is user-friendly. On the flip side, you can only use bank transfer and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly $25 fee for wire transfer withdrawal
E-Trade withdrawal fee and options
Robinhood Webull Fidelity E-Trade TD Ameritrade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#4 E-Trade
Verdict

E-Trade is one of the biggest US stockbrokers regulated by top-tier regulators. 

At the end of 2019, riding the commission-free trading trend in the USA E-Trade introduced zero commission on stock and ETF trades. E-Trade's research functions are high-quality and channel a lot of tools, including trading ideas, and strategy builders as well. We liked the easy handling and the personalizable features of the mobile trading platform

It has some drawbacks though. E-Trade doesn't provide credit/debit cards and electronic wallets for money transfers and the product portfolio covers only US markets. In addition, the account verification process is slow. 

As the trading fees are generally low, the research tools are great and no inactivity fee is charged, feel free to try E-Trade.

E-Trade
Summary E-Trade is a US stockbroker, regulated by top-tier authorities the SEC and FINRA. The company is listed on NASDAQ and has a banking background.
Fees score 4.0
Recommended for Investors and traders looking for solid research and a great mobile trading platform

Visit broker More

TD Ameritrade Logo

#5 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

Visit broker

#5 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
Robinhood Webull Fidelity E-Trade TD Ameritrade
Web platform score 5.0 5.0 5.0 4.0 4.0
Mobile platform score 5.0 5.0 5.0 5.0 4.0
Desktop platform score - 5.0 4.0 - 5.0

Visit broker More

#5 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
Robinhood Webull Fidelity E-Trade TD Ameritrade
US stock $0.0 $0.0 $0.0 $0.0 $0.0
UK stock - - $10.8 - -
EURUSD benchmark fee - - - - $13.0

Visit broker More

#5 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

Visit broker More

#5 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
Robinhood Webull Fidelity E-Trade TD Ameritrade
Minimum deposit $0 $0 $0 $500 $0
Time to open account 1 day 1 day 1-3 days >3 days 1-3 days

Visit broker More

#5 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
Robinhood Webull Fidelity E-Trade TD Ameritrade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

#5 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

Visit broker More

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 the United States in 2020:

Best brokers for beginners in the United States of 2020
Robinhood Webull Fidelity E-Trade TD Ameritrade
Award Best broker for beginners Best broker for bonds Best desktop trading platform
Fees score 5.0 5.0 4.0 4.0 4.0
Account opening score 5.0 5.0 3.0 4.0 3.0
Deposit and withdrawal score 2.0 2.0 4.0 2.0 2.0
Markets and products score 2.0 2.0 4.0 3.0 4.0
Web platform score 5.0 5.0 5.0 4.0 4.0
Visit broker Visit broker Visit broker Visit broker Visit broker

Robinhood is our winner, the best broker for beginners in the United States 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.

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

Share

Comments

×