Intro and winners
Find below the best brokers for IPO investment available in Europe, updated for 2023:
- Webull - the best broker for IPO investment for Europeans in 2023. Free stock, ETF and options trading. Fast and easy account opening. Great trading platforms.
- E*TRADE - Low trading fees (free stock and ETF trading). User-friendly mobile trading platform. Great research tools.
- SoFi Invest - Free stocks and ETFs. Fast and fully digital account opening. Great customer support.
- TradeStation - Great web and mobile trading platform. Low trading fees. High-quality research and education tools.
- moomoo - Free stocks, ETFs and options. Fast and easy account opening. Quality analytical tools and excellent education.
- TD Ameritrade - Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
- Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
- Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
- Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
- J.P. Morgan Self-Directed Investing - Commission-free US stocks, ETFs, funds and bonds. Fast and fully digital account opening. Well-established parent company.
Best brokers for IPO for Europeans in 2023
Overview of the best brokers for IPO
| Broker | Speed of US IPO listing | Minimum deposit |
|---|---|---|
| Webull | Great | $0 No minimum deposit for cash accounts, but there is a $2,000 minimum for margin accounts |
| E*TRADE | Great | $0 No minimum deposit for non-margin brokerage account, while $2,000 for margin accounts and $500 for Core Portfolios |
| SoFi Invest | Great | $0 No minimum deposit |
| TradeStation | Great | $0 $1 for cash accounts, $2,000 for margin accounts, and $5,000 for futures accounts |
| moomoo | Great | $0 There is no minimum deposit |
| TD Ameritrade | Great | $0 $0 for US non-margin accounts, $2,000 for US margin accounts, and clients in Malaysia and Singapore are recommended to start with $3,500. |
| Fidelity | Great | $0 No minimum account balance |
| Merrill Edge | Great | $0 No minimum deposit |
| Charles Schwab | Great | $0 $0 for US clients and $25,000 for non-US clients |
| J.P. Morgan Self-Directed Investing | Great | $0 No minimum account balance |
Popularity of the best brokers for IPO for Europeans
Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.
Best brokers for IPO for Europeans in 2023
Trading fees at the best brokers for IPO
In the case of IPO investing, the key broker selection criteria is fees for stock trading. We compared brokers by calculating all the fees of a typical trade in the US: buying stocks for $2,000, holding them for a week and then selling them. As most IPO prices are usually well above $20 per share, this means trading less than 100 shares of a stock.
| Broker | US stock fee | Select... |
|---|---|---|
| Webull | $0 per trade plus regulatory and exchange fees | |
| E*TRADE | Free stock and ETF trading | |
| SoFi Invest | $0 per trade | |
| TradeStation | Commission-free up to the first 10,000 shares per trade for US clients. $5 per trade for non-US clients | |
| moomoo | $0 per trade | |
| TD Ameritrade | Free stock and ETF trading | |
| Fidelity | Free stock and ETF trading | |
| Merrill Edge | Commission-free stock and ETF trading | |
| Charles Schwab | Free stock and ETF trading | |
| J.P. Morgan Self-Directed Investing | $0 per trade for US listed stocks. Foreign equity has a 0.20% commission. |
If you are unsure how brokerage fees work, check out our article explaining various brokerage fees.
Best brokers for IPO for Europeans in 2023
Non-trading fees at the best brokers for IPO
Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.
| Broker | Account fee | Withdrawal fee |
|---|---|---|
| Webull | No account fee | $0 Free withdrawal, but domestic wire transfers cost $25 and international wire transfers cost $45 |
| E*TRADE | No account fee | $0 Free ACH withdrawal, but wire transfers cost $25. |
| SoFi Invest | No account fee | $0 Free ACH withdrawal, but wire transfers cost $25 |
| TradeStation | No account fee | $0 $0 for ACH withdrawals, $35 for overseas and $25 for US wire withdrawals |
| moomoo | No account fee for US stocks, but HK$ 15 per order for Hong Kong stocks | $0 ACH is free, while domestic wire transfer costs $30 and international wire transfer costs $50 |
| TD Ameritrade | No account fee | $0 Free ACH withdrawal, but wire transfers cost $25. |
| Fidelity | No account fee | $0 Free withdrawal, but wire transfers in currency other than USD cost up to 3% |
| Merrill Edge | No account fee | $0 Free withdrawal |
| Charles Schwab | No account fee | $0 Free withdrawal, but wire transfers cost $25. |
| J.P. Morgan Self-Directed Investing | No account fee | $0 Free withdrawal if you have an account at J.P. Morgan. Wire transfers cost $25. |
And now, let's see the top brokers for IPO one by one, starting with the winner, Webull.
#1 Best brokers for IPO
Webull
Recommended for investors and traders looking for zero-commission trading and easy platforms
| Webull snapshot | |
|---|---|
| US discount broker | |
| Minimum deposit | $0 |
| Trading platform score | 5.0 stars |
| Customer service score | 3.3 stars |
| Deposit and withdrawal score | 1.9 stars |
| Read review | For a detailed analysis of Webull services, check out our review for 2023 |
#2 Best brokers for IPO
E*TRADE
Recommended for investors and traders looking for solid research and a great mobile trading platform
| E*TRADE snapshot | |
|---|---|
| US stockbroker | |
| Minimum deposit | $0 |
| Trading platform score | 4.5 stars |
| Customer service score | 1.7 stars |
| Deposit and withdrawal score | 2.2 stars |
| Read review | For a detailed analysis of E*TRADE services, check out our review for 2023 |
#3 Best brokers for IPO
SoFi Invest
Recommended for beginners and investors looking for zero-commission trading, focusing on the us market
| SoFi Invest snapshot | |
|---|---|
| US discount broker | |
| Minimum deposit | $0 |
| Trading platform score | 4.1 stars |
| Customer service score | 3.5 stars |
| Deposit and withdrawal score | 2.2 stars |
| Read review | For a detailed analysis of SoFi Invest services, check out our review for 2023 |
#4 Best brokers for IPO
TradeStation
Recommended for traders focusing on us markets and buy-and-hold investing
| TradeStation snapshot | |
|---|---|
| US stockbroker | |
| Minimum deposit | $0 |
| Trading platform score | 3.8 stars |
| Customer service score | 4.0 stars |
| Deposit and withdrawal score | 2.2 stars |
| Read review | For a detailed analysis of TradeStation services, check out our review for 2023 |
#5 Best brokers for IPO
moomoo
Recommended for investors and traders looking for zero-commission trading and focusing on us markets.
| moomoo snapshot | |
|---|---|
| US zero-fee discount broker | |
| Minimum deposit | $0 |
| Trading platform score | 4.3 stars |
| Customer service score | 5.0 stars |
| Deposit and withdrawal score | 1.8 stars |
| Read review | For a detailed analysis of moomoo services, check out our review for 2023 |
#6 Best brokers for IPO
TD Ameritrade
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
| TD Ameritrade snapshot | |
|---|---|
| US-based stockbroker | |
| Minimum deposit | $0 |
| Trading platform score | 4.6 stars |
| Customer service score | 5.0 stars |
| Deposit and withdrawal score | 2.2 stars |
| Read review | For a detailed analysis of TD Ameritrade services, check out our review for 2023 |
#7 Best brokers for IPO
Fidelity
Recommended for investors and traders looking for solid research and great trading platforms
| Fidelity snapshot | |
|---|---|
| US stockbroker | |
| Minimum deposit | $0 |
| Trading platform score | 4.7 stars |
| Customer service score | 3.9 stars |
| Deposit and withdrawal score | 3.8 stars |
| Read review | For a detailed analysis of Fidelity services, check out our review for 2023 |
#8 Best brokers for IPO
Merrill Edge
Recommended for investors and traders looking for low fees, quick account opening and simple platforms
| Merrill Edge snapshot | |
|---|---|
| US discount broker | |
| Minimum deposit | $0 |
| Trading platform score | 4.5 stars |
| Customer service score | 4.0 stars |
| Deposit and withdrawal score | 2.2 stars |
| Read review | For a detailed analysis of Merrill Edge services, check out our review for 2023 |
#9 Best brokers for IPO
Charles Schwab
Recommended for investors and traders looking for solid research, low fees and great customer service
| Charles Schwab snapshot | |
|---|---|
| US discount broker | |
| Minimum deposit | $0 |
| Trading platform score | 4.1 stars |
| Customer service score | 5.0 stars |
| Deposit and withdrawal score | 2.2 stars |
| Read review | For a detailed analysis of Charles Schwab services, check out our review for 2023 |
#10 Best brokers for IPO
J.P. Morgan Self-Directed Investing
Recommended for beginners and buy-and-hold investors focusing on the us stock market
| J.P. Morgan Self-Directed Investing snapshot | |
|---|---|
| US-based discount broker | |
| Minimum deposit | $0 |
| Trading platform score | 3.6 stars |
| Customer service score | 2.3 stars |
| Deposit and withdrawal score | 2.2 stars |
| Read review | For a detailed analysis of J.P. Morgan Self-Directed Investing services, check out our review for 2023 |
Best brokers for IPO for Europeans in 2023
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Best brokers for IPO for Europeans in 2023
How did BrokerChooser select the best brokers for IPO investing for Europeans?
- We checked the 102 online brokers BrokerChooser has reviewed so far, testing their platforms
- We looked at the brokers where it is possible to invest in US stock IPOs
- We evaluated the IPO services, e.g. how quickly brokers list shares after their IPO
- We compared fees for products favored by IPO investors, such as stocks
- We looked at the overall profile of the broker (other products, trading platforms, account opening process)
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.
Best brokers for IPO for Europeans in 2023
FAQ
Which broker is best for IPOs?
A broker is good for IPO investing if it provides access to IPOs on the US market, at stock exchanges like the NYSE, AMEX and Nasdaq. It is also preferable that stocks be available to trade as quickly as possible after their IPO (i.e. within a few days) and that stock trading fees at the broker are low. In our current ranking, Webull is the best broker for IPOs.
What is an IPO?
IPO stands for initial public offering. It is a transaction when a private company offers its shares to the public for the first time in a new stock issuance. The company is “going public,” which means that its private ownership becomes public and its shares will be listed and traded on a stock exchange.
Want to understand IPO investing in more detail?
Check out these articles written by our broker and trading experts:
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