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Best brokers for ESG investing in 2023

Interactive Brokers Logo
1st place
Interactive Brokers
Fidelity Logo
2nd place
Fidelity
Merrill Edge Logo
3rd place
Merrill Edge

Top 5 brokers for ESG investments in the United States in 2023


  1. Interactive Brokers - the best broker for ESG investments in 2023. Low trading 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.
  5. Vanguard - Stocks and ETFs are free to trade. Easy account opening. Great mobile trading platform.

How did BrokerChooser select the best brokers for ESG investing?


  • We checked the 102 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 500 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 50,000 data points overall.
Check out the best brokers in another country

Best brokers for ESG investing in 2023
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.

Best brokers for ESG data compiled for January 2023
Broker ESG ETFs ESG ETFs Minimum deposit Account activated in
Interactive Brokers 700 800 $0 1-3 days
Fidelity 130 250 $0 1-3 days
Merrill Edge 130 50 $0 1 day
J.P. Morgan Self-Directed Investing 130 130 $0 1 day
Vanguard 130 500 $0 1-3 days

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.

Fees at the best brokers for ESG investing in January 2023
Interactive Brokers Fidelity Merrill Edge J.P. Morgan Self-Directed Investing Vanguard
$2,000 stock trade on the NYSE or NASDAQ $1.0 $0.0 $0.0 $0.0 $0.0
Mutual fund fee $14.95 per transaction or 3% of trade value, whichever is lower $49.95 or $75 for buying while selling is free; some 3,600 free mutual funds $19.95 per transaction, but there are also more than 800 funds that are free to trade $0 per trade $20 per trade if investment is less than $500k, but Vanguard funds and 3000 other funds are free
Withdrawal fee $0 $0 $0 $0 $0
Inactivity fee No No No No No

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


Interactive Brokers Fidelity Merrill Edge J.P. Morgan Self-Directed Investing Vanguard
ESG research quality Great Great Great Mid-range Mid-range
ESG education quality Great Mid-range Mid-range Great Great

Best brokers for ESG investing in 2023
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And now, let's see the top brokers for ESG investing one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best brokers for ESG investing
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 4.7 stars
Minimum deposit $0
Time to open an account 1-3 days
Trading platform score 3.6 stars
Read review For a detailed analysis of Interactive Brokers services, check out our review for 2023
Fidelity Logo

#2 Best brokers for ESG investing
Fidelity

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

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Fidelity snapshot
US stockbroker
Overall score 4.8 stars
BrokerChooser ESG score 4.6 stars
Minimum deposit $0
Time to open an account 1-3 days
Trading platform score 4.7 stars
Read review For a detailed analysis of Fidelity services, check out our review for 2023
Merrill Edge Logo

#3 Best brokers for ESG investing
Merrill Edge

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

Visit broker

Merrill Edge snapshot
US discount broker
Overall score 4.8 stars
BrokerChooser ESG score 4.6 stars
Minimum deposit $0
Time to open an account 1 day
Trading platform score 4.5 stars
Read review For a detailed analysis of Merrill Edge services, check out our review for 2023
J.P. Morgan Self-Directed Investing Logo

#4 Best brokers for ESG investing
J.P. Morgan Self-Directed Investing

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

Visit broker

J.P. Morgan Self-Directed Investing snapshot
US-based discount broker
Overall score 4.8 stars
BrokerChooser ESG score 4.3 stars
Minimum deposit $0
Time to open an account 1 day
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 2023
Vanguard Logo

#5 Best brokers for ESG investing
Vanguard

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

Visit broker

Vanguard snapshot
US stockbroker
Overall score 4.5 stars
BrokerChooser ESG score 4.2 stars
Minimum deposit $0
Time to open an account 1-3 days
Trading platform score 4.1 stars
Read review For a detailed analysis of Vanguard services, check out our review for 2023

Best brokers for ESG investing in 2023
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:

Author of this article

Réka Hidas

Author of this article

Réka 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. On a more personal level she wants to develop her skills and grow professionally on this field.

Réka Hidas

Junior Broker Analyst

Réka 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. On a more personal level she wants to develop her skills and grow professionally on 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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