Best brokers for ESG investing in 2024

Written by
Réka H.
Fact checked by
Adam N.
Updated
2w ago
Dive into our toplist of regulated and trusted brokers that we tested with real money. Every broker is available in the United States.

Find below the strengths of the best brokers for ESG investments available in the United States, updated for 2024:

  1. Interactive Brokers - the best broker for ESG investments in 2024. Extremely low fees. Wide range of products. Many great research tools.
  2. Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
  3. Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
  4. J.P. Morgan Self-Directed Investing - Commission-free US stocks, ETFs, funds and bonds. Fast and fully digital account opening. Well-established parent company. Pays interest on uninvested cash.
  5. Vanguard - Stocks and ETFs are free to trade. Easy account opening. Great mobile trading platform. Interest paid on uninvested cash.
  6. E*TRADE - Low trading fees (free stock and ETF trading). User-friendly mobile trading platform. Great research tools. Pays interest on uninvested cash.
  7. Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
  8. Zacks Trade - Low fees. Extensive stock and ETF selection. Great customer service.
  9. Ally Invest - Low trading and non-trading fees. Easy and fully digital account opening. Great education.
  10. Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
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Overview of the best brokers for ESG investing

When it comes to brokers that offer a wide range of ESG products at reasonable fees, along with quality research and educational services, the following brokers are hard to beat.

Broker
ESG ETFs
ESG funds
Interactive Brokers
700
800
Fidelity
130
264
Merrill Edge
130
50
J.P. Morgan Self-Directed Investing
130
130
Vanguard
130
500
E*TRADE
130
135
Charles Schwab
130
330
Zacks Trade
700
800
Ally Invest
130
250
Alpaca Trading
130
-
Best brokers for ESG data compiled for May 2024

Popularity of the best brokers for ESG

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

Fees at the best brokers for ESG investing

How much you have to pay in various brokerage fees is a key broker selection criteria. We collected the most important fees that ESG investors need to keep an eye on.

Broker
US stock
Mutual fund fee
Interactive Brokers
$1.0
$14.95 per transaction or 3% of trade value, whichever is lower. There are also more than 19,000 funds with no transaction fee
Fidelity
$0.0
$49.95 or $75 for buying while selling is free; some 3,600 free mutual funds
Merrill Edge
$0.0
$19.95 per transaction, but there are also more than 800 funds that are free to trade
J.P. Morgan Self-Directed Investing
$0.0
$0 per trade
Vanguard
$0.0
$20 per trade if investment is less than $500k, but Vanguard funds and 3000 other funds are free
E*TRADE
$0.0
$19.99 per trade; ca. 4,500 free mutual funds
Charles Schwab
$0.0
Standard fee of $49.95, but up to $74.95 for buying, while selling is free; there are also around 4,000 free mutual funds
Zacks Trade
$1.0
$27.50 per transaction
Ally Invest
$0.0
Commission-free
Alpaca Trading
$0.0
Not available
Fees at the best brokers for ESG investing in May 2024

If you are unsure how brokerage fees work, check out our article explaining various brokerage fees.

Research and education services at the best brokers for ESG

Broker
ESG research quality
Interactive Brokers
Great
Fidelity
Great
Merrill Edge
Great
J.P. Morgan Self-Directed Investing
Mid-range
Vanguard
Mid-range
E*TRADE
Mid-range
Charles Schwab
Mid-range
Zacks Trade
Mid-range
Ally Invest
-
Alpaca Trading
-
Research and educational services at the best brokers for ESG investing in May 2024

And now, let's see the top brokers for ESG investing one by one, starting with the winner, Interactive Brokers.

Recommended for traders looking for broad market access and a professional trading environment

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Interactive Brokers snapshot
International broker providing all asset classes
Overall score 4.9 stars
BrokerChooser ESG score 4.9 stars
Time to open an account 1-3 days
Minimum deposit $0
Trading platform score 4.3 stars
Read review For a detailed analysis of Interactive Brokers services, check out our review for 2024

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

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Fidelity snapshot
US stockbroker
Overall score 4.7 stars
BrokerChooser ESG score 4.7 stars
Time to open an account 1-3 days
Minimum deposit $0
Trading platform score 4.7 stars
Read review For a detailed analysis of Fidelity services, check out our review for 2024

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

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Merrill Edge snapshot
US discount broker
Overall score 4.6 stars
BrokerChooser ESG score 4.7 stars
Time to open an account 1 day
Minimum deposit $0
Trading platform score 4.5 stars
Read review For a detailed analysis of Merrill Edge services, check out our review for 2024

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

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J.P. Morgan Self-Directed Investing snapshot
US-based discount broker
Overall score 4.5 stars
BrokerChooser ESG score 4.3 stars
Time to open an account 1 day
Minimum deposit $0
Trading platform score 3.6 stars
Read review For a detailed analysis of J.P. Morgan Self-Directed Investing services, check out our review for 2024

Recommended for long-term investors looking for great ETF and mutual fund selection

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Vanguard snapshot
US stockbroker
Overall score 4.3 stars
BrokerChooser ESG score 4.2 stars
Time to open an account 1-3 days
Minimum deposit $0
Trading platform score 4.1 stars
Read review For a detailed analysis of Vanguard services, check out our review for 2024

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

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E*TRADE snapshot
US stockbroker
Overall score 4.5 stars
BrokerChooser ESG score 4.2 stars
Time to open an account 1-3 days
Minimum deposit $0
Trading platform score 4.5 stars
Read review For a detailed analysis of E*TRADE services, check out our review for 2024

Recommended for investors and traders looking for solid research, low fees and great customer service

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Charles Schwab snapshot
US discount broker
Overall score 4.7 stars
BrokerChooser ESG score 4.0 stars
Time to open an account 1 day
Minimum deposit $0
Trading platform score 4.1 stars
Read review For a detailed analysis of Charles Schwab services, check out our review for 2024

Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees

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Zacks Trade snapshot
US discount broker
Overall score 4.3 stars
BrokerChooser ESG score 3.6 stars
Time to open an account >3 days
Minimum deposit $0
Trading platform score 3.7 stars
Read review For a detailed analysis of Zacks Trade services, check out our review for 2024

Recommended for investors and traders looking for low fees and focusing on the US market

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Ally Invest snapshot
US stockbroker
Overall score 4.5 stars
BrokerChooser ESG score 3.3 stars
Time to open an account 1-3 days
Minimum deposit $0
Trading platform score 4.0 stars
Read review For a detailed analysis of Ally Invest services, check out our review for 2024

Recommended for traders interested in algorithmic stock trading

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Alpaca Trading snapshot
US API broker
Overall score 4.4 stars
BrokerChooser ESG score 3.1 stars
Time to open an account 1 day
Minimum deposit $0
Trading platform score 4.0 stars
Read review For a detailed analysis of Alpaca Trading services, check out our review for 2024

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How did BrokerChooser select the best brokers for ESG investing?

  • We checked the 101 online brokers we've reviewed so far, finding the ones that offer ESG-related products
  • We looked at their ESG product selection, giving high marks for a diverse offering of ESG funds and ETFs
  • We favored brokers with excellent ESG research quality, such as an ESG stock or ETF screener
  • We compared fees for products favored by ESG investors, such as stocks, ETFs and funds
  • Having quality ESG educational material like articles and videos was a plus
  • We looked at the overall service quality of the broker (quick account opening, easy and fast deposit and withdrawal)


Save hours of research!

Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.

BrokerChooser evaluates 9 key areas for all brokers, including fees, safety, ease of account opening, education and trading platforms. We check more than 600 criteria for each broker and fine-tune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 60,000 data points overall.

FAQ

Where can I invest in ESG?

To invest in Environmental, Social and Governance (ESG) funds, you will need to open an account at a broker that offers ESG products, such as ESG funds or ESG ETFs. The brokers on our toplist, starting with Interactive Brokers, Fidelity and Merrill Edge, are all great choices to start in this form of sustainable investing.

Which ESG rating agency is the best?

There are many ESG rating providers out there, but the top ones are generally considered to be MSCI and Sustainalytics, mainly due to their wide coverage. Bloomberg, Refinitiv (formerly Thomson Reuters), as well as credit ratings agencies like Moody's, S&P and Fitch also provide ESG ratings. See our article on top ESG rating providers for more details.

How do I start investing in ESG?

Once you have opened a brokerage account, you need to start building an ESG portfolio. There is a wide range of options to choose from, as there are more ESG investments available than ever. There are several ways to build an ESG portfolio: you can use a robo-advisor, buy ESG ETFs, invest in ESG mutual funds, or build your own ESG portfolio from individual stocks. You can also mix it up, incorporating elements of all of the above. Read more about how to get into ESG investing in our handy guide.

Want to understand ESG investing in more detail?

Check out these articles written by our broker and trading experts:

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Engage with our growing community of traders and investors like you to find your answers.
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Author of this article

Réka Hidas
Réka Hidas

Réka is a former Junior Broker Analyst for BrokerChooser. She attended the International Business and Economics bachelor program at Corvinus University in Budapest. She's eager to help investors find the best investment providers, through writing extensive reviews, while also developing her skills and growing professionally in this field.

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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