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Best brokers for free stock trading in the US in 2022

Interactive Brokers Logo
1st place
Interactive Brokers
Fidelity Logo
2nd place
Fidelity
E*TRADE Logo
3rd place
E*TRADE

To help you find the best brokers for free stock trading in the US in 2022, we went ahead and did the research for you. We selected 103 quality online brokers and checked their stock trading and non-trading fees, the markets they provide access to, their product selection and much much more. We dug deep, so you won't have to. Let's see the winners!

Our top 5 picks for best brokers for free stock trading in the US in 2022:

  1. Interactive Brokers is the winner. Low trading fees. Wide range of products. Many great research tools.
  2. Fidelity came in second. Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
  3. E*TRADE rounds out the top three. Low trading fees (free stock and ETF trading). User-friendly mobile trading platform. Great research tools.
  4. Merrill Edge is numero quattro. Low trading fees. Easy and seamless account opening. Strong parent company.
  5. Charles Schwab just made it to the list in 5th place. Free stock and ETF trading. Outstanding research. Great customer service.
Best brokers for free stock trading in the US in 2022
Name Company info Trading platform score
#1 Interactive Brokers International broker providing all asset classes 3.7 stars Visit broker
#2 Fidelity US stockbroker 4.4 stars Visit broker
#3 E*TRADE US stockbroker 4.5 stars Visit broker
#4 Merrill Edge US discount broker 4.6 stars Visit broker
#5 Charles Schwab US discount broker 4.1 stars Visit broker

In 2022, a multitude of brokers offer free stock trading, so investors have to look beyond the price of a trade to get a fuller picture. Here are the key factors worth checking out:

  • Hidden fees
  • Non-trading fees
  • Trading platforms
  • Available markets and order types
  • Safety

And now, let's see the best brokers for free stock trading in 2022 one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best brokers for free stock trading in the US
Interactive Brokers

Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

Given that the broker has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. The fact that it has a long track record and publicly disclosed financials while being listed on a stock exchange all point to IB being a safe service provider.

Interactive Brokers recently launched a new app for global stock trading: read our review of IBKR GlobalTrader.

In addition, Interactive Brokers also has an app you can use for ESG investing: read our review of IMPACT by Interactive Brokers.

Pros Cons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools Understaffed customer service

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#1 Interactive Brokers
Safety

Interactive Brokers is regulated by several financial authorities, including top-tier ones like the SEC in the US and the UK's FCA. Its parent company is listed on the NASDAQ exchange.
Pros Cons
Listed on stock exchange None
Negative balance protection
Regulated by top-tier financial authorities

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#1 Interactive Brokers
Interactive Brokers trading platforms

Interactive Brokers platforms to choose from
Trading platform Score Available
Web 4.0 stars Yes
Mobile 3.5 stars Yes
Desktop 3.8 stars Yes

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#1 Interactive Brokers
Deposit and withdrawal
3.0

Interactive Brokers offers several account base currencies and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
First withdrawal free each month
Interactive Brokers withdrawal fees and options
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $0 $0 $0 $0

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#1 Interactive Brokers
Markets and products
5.0

At Interactive Brokers, you have access to an extremely wide range of markets and all product types are available.
Interactive Brokers stock market coverage
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Stock markets (#) 83 25 5 4 4
ETFs (#) 13,000 2,300 2,300 2,300 2,300
Interactive Brokers markets and products in addition to stocks and ETFs
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Forex Yes No No No No
Funds Yes Yes Yes Yes Yes
Bonds Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes No Yes No Yes
Crypto Yes No Yes No Yes

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Fidelity Logo

#2 Best brokers for free stock trading in the US
Fidelity

Fidelity is a US stockbroker founded in 1946. It is regulated by top-tier authorities 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 financial authorities.

Pros Cons
Commission-free US stocks and ETFs High mutual fund fees and margin rates
Great trading platforms and research Slower account verification
US and international stocks No crypto&futures

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#2 Fidelity
Safety

Fidelity is regulated by top-tier financial authorities and provides a high level of investor protection. On the other hand, there is no negative balance protection and the firm does not disclose its financial information.
Pros Cons
Majority of clients belong to a top-tier financial authority No negative balance protection
High level of investor protection Does not hold a banking license
Additional coverage by Fidelity Not listed on stock exchange

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#2 Fidelity
Fidelity trading platforms

Fidelity platforms to choose from
Trading platform Score Available
Web 4.5 stars Yes
Mobile 4.5 stars Yes
Desktop 4.3 stars Yes

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#2 Fidelity
Deposit and withdrawal
3.8

Fidelity offers an exceptionally wide range of base currencies. On the negative side, credit/debit cards are not accepted.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
Fidelity withdrawal fees and options
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $0 $0 $0 $0

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#2 Fidelity
Markets and products
3.6

Fidelity offers a lot of different trading products, from stocks to options, including international stocks. However, forex and futures trading is not available.
Fidelity stock market coverage
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Stock markets (#) 83 25 5 4 4
ETFs (#) 13,000 2,300 2,300 2,300 2,300
Fidelity markets and products in addition to stocks and ETFs
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Forex Yes No No No No
Funds Yes Yes Yes Yes Yes
Bonds Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes No Yes No Yes
Crypto Yes No Yes No Yes

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E*TRADE Logo

#3 Best brokers for free stock trading in the US
E*TRADE

E*TRADE is a US-based stockbroker founded in 1982. It is regulated by top-tier financial authorities such as 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 overseen by top-tier US regulators.

In February 2020, E*TRADE was acquired by Morgan Stanley. To find out more about the motives behind the acquisition and about the wider market context, check out this article we wrote about the deal.

Pros Cons
Low trading fees (free stock and ETF trading) Only US markets, no forex
User-friendly mobile trading platform Only bank transfer
Great research tools Slow live chat

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#3 E*TRADE
Safety

E*TRADE is overseen by top-tier US regulators and you are protected by a high investor protection amount, but there is no negative balance protection.
Pros Cons
Majority of clients belong to a top-tier financial authority No negative balance protection
High level of investor protection
Banking background

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#3 E*TRADE
E*TRADE trading platforms

E*TRADE platforms to choose from
Trading platform Score Available
Web 4.5 stars Yes
Mobile 4.5 stars Yes
Desktop - No

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#3 E*TRADE
Deposit and withdrawal
2.2

E*TRADE charges no deposit fees and transferring money is easy. On the negative side, you can only use bank transfer and there is a high fee for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly High fee for wire transfer withdrawal
E*TRADE withdrawal fees and options
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $0 $0 $0 $0

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#3 E*TRADE
Markets and products
2.8

You can trade plenty of asset classes at E*TRADE from stocks to futures, but only on the US market; in addition, forex trading is not available.
E*TRADE stock market coverage
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Stock markets (#) 83 25 5 4 4
ETFs (#) 13,000 2,300 2,300 2,300 2,300
E*TRADE markets and products in addition to stocks and ETFs
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Forex Yes No No No No
Funds Yes Yes Yes Yes Yes
Bonds Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes No Yes No Yes
Crypto Yes No Yes No Yes

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Merrill Edge Logo

#4 Best brokers for free stock trading in the US
Merrill Edge

Merrill Edge is a US-based stockbroker founded in 2010 by Bank of America (BofA). BofA acquired Merrill Lynch during the 2008 financial crisis, and the rationale for launching Merrill Edge was to combine its online investing arm and Merrill Lynch's investment expertise. Merrill Edge offers US stocks, ETFs, options, and bonds. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Merrill Edge is considered safe because its parent company is a bank with a long track record and solid reputation, it discloses its financials, and is regulated by top-tier regulators. 

Pros Cons
Low trading fees Limited to US clients and products
Easy and seamless account opening No demo account
Strong parent company Few options for deposit/withdrawal

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#4 Merrill Edge
Safety

Merrill Edge is regulated by top-tier US regulators and its clients are protected by a high investor protection amount. On the flip side, negative balance protection is not provided.
Pros Cons
Majority of clients belong to a top-tier financial authority No negative balance protection
High level of investor protection
Banking background

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#4 Merrill Edge
Merrill Edge trading platforms

Merrill Edge platforms to choose from
Trading platform Score Available
Web 4.3 stars Yes
Mobile 4.8 stars Yes
Desktop - No

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#4 Merrill Edge
Deposit and withdrawal
2.2

Merrill Edge has an easy-to-use deposit and withdrawal system with a bank account connection. Unfortunately, credit/debit cards cannot be used to fund the account, and there is only USD as a base currency.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Only one account base currency
User-friendly Slow withdrawal - over 3 days
Merrill Edge withdrawal fees and options
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $0 $0 $0 $0

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#4 Merrill Edge
Markets and products
2.4

Merrill Edge has a limited product portfolio that consists of stocks, ETFs, mutual funds, and bonds. Unfortunately, the product lineup covers only the US market. The broker offers a lower diversity of products in general compared to its competition.
Merrill Edge stock market coverage
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Stock markets (#) 83 25 5 4 4
ETFs (#) 13,000 2,300 2,300 2,300 2,300
Merrill Edge markets and products in addition to stocks and ETFs
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Forex Yes No No No No
Funds Yes Yes Yes Yes Yes
Bonds Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes No Yes No Yes
Crypto Yes No Yes No Yes

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Charles Schwab Logo

#5 Best brokers for free stock trading in the US
Charles Schwab

Charles Schwab is a US discount broker that was founded in 1971 and is listed on the New York Stock Exchange.

It is regulated by several top-tier financial authorities, such as the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Pros Cons
Free stock and ETF trading High fees for some mutual funds
Outstanding research Only US/Canada markets available
Great customer service

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#5 Charles Schwab
Safety

Charles Schwab is regulated by top-tier authorities like the SEC and there is high investor protection. However, if you're trading on margin, there's no negative balance protection.
Pros Cons
Majority of clients belong to a top-tier financial authority No negative balance protection
High level of investor protection
Banking background

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#5 Charles Schwab
Charles Schwab trading platforms

Charles Schwab platforms to choose from
Trading platform Score Available
Web 4.3 stars Yes
Mobile 4.2 stars Yes
Desktop 4.0 stars Yes

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#5 Charles Schwab
Deposit and withdrawal
2.2

Funding your account is easy and user-friendly at Charles Schwab and there is no deposit fee. However, you can only use bank transfer and there is a high fee for wire withdrawals.
Pros Cons
No deposit fee High fee for wire (bank transfer) withdrawals
User-friendly
Charles Schwab withdrawal fees and options
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $0 $0 $0 $0

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#5 Charles Schwab
Markets and products
3.0

At Charles Schwab, you can trade a lot of different asset classes, from stocks to futures. Unfortunately, the product portfolio covers only US and Canadian markets.
Charles Schwab stock market coverage
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Stock markets (#) 83 25 5 4 4
ETFs (#) 13,000 2,300 2,300 2,300 2,300
Charles Schwab markets and products in addition to stocks and ETFs
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Forex Yes No No No No
Funds Yes Yes Yes Yes Yes
Bonds Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes No Yes No Yes
Crypto Yes No Yes No Yes

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Best brokers for free stock trading in the US in 2022
Bottom line

Now that you have seen the details, let's zoom out. Here are the best brokers for free stock trading in the US in 2022:

Best brokers for free stock trading in the US in 2022
Interactive Brokers Fidelity E*TRADE Merrill Edge Charles Schwab
Stock fee class Low Low Low Low Low
Trading platform combined score 3.7 stars 4.4 stars 4.5 stars 4.6 stars 4.1 stars
Deposit and withdrawal score 3.0 stars 3.8 stars 2.2 stars 2.2 stars 2.2 stars
Markets and products score 5.0 stars 3.6 stars 2.8 stars 2.4 stars 3.0 stars

Interactive Brokers is our winner, the best broker for free stock trading in the US in 2022. Low trading fees. Wide range of products. Many great research tools.
We consider all these stockbrokers a great choice. Feel free to pick the winner or any runner-up and take the next step in your investment journey. Let us know what you think in the comments section.
Still unsure which broker to choose? Use our broker finder tool to find the best broker for your needs or learn more about investing your money.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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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