Intro and winners
Top 5 brokers for IPO investment in the US in 2023
- Webull - the best broker for IPO investment in the US 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.
How did BrokerChooser select the best brokers for IPO investing in the US?
- We checked the 101 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)
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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 in the US in 2023
Overview of the best brokers for IPO
| Broker | Speed of US IPO listing | Minimum deposit | Account activated in | Credit/debit card deposit |
|---|---|---|---|---|
| Webull | Great | $0 | 1 day | No |
| E*TRADE | Great | $0 | 1-3 days | No |
| SoFi Invest | Great | $0 | 1-3 days | No |
| TradeStation | Great | $0 | 1 day | No |
| moomoo | Great | $0 | 1-3 days | No |
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.
| Webull | E*TRADE | SoFi Invest | TradeStation | moomoo | |
|---|---|---|---|---|---|
| US stock fee | $0 per trade plus regulatory and exchange fees | Free stock and ETF trading | $0 per trade | Commission-free up to the first 10,000 shares per trade for US clients. $5 per trade for non-US clients | $0 per trade |
If you are unsure how brokerage fees work, check out our article explaining various brokerage fees.
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.
| Webull | E*TRADE | SoFi Invest | TradeStation | moomoo | |
|---|---|---|---|---|---|
| Account fee | No | No | No | No | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
| Inactivity fee | No | No | No | Yes | No |
Best brokers for IPO in the US in 2023
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And now, let's see the top brokers for IPO one by one, starting with the winner, Webull.
#1 Best brokers for IPO investment
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 investment
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 investment
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 investment
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 investment
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 | 1.9 stars |
| Read review | For a detailed analysis of moomoo services, check out our review for 2023 |
Best brokers for IPO in the US 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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