Intro and winners
Find below the strongest aspects of the best brokers for millennials available in the United States, updated for 2024:
- Webull is the winner, the best broker for millennials in 2024. Free stock/ETF trading and high 5% interest on uninvested cash. Fast and easy account opening. Great trading platforms.
- Robinhood - Free US stock and ETF trading. Great mobile and web trading platforms. Fast and fully digital account opening. Interest paid on uninvested cash.
- Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
- eToro - Free stock and ETF trading. Seamless account opening. Social trading.
- 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.
- IG - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
- SoFi Invest - Free stock and ETF trading. Fast and fully digital account opening. Fast customer support.
- moomoo - Commission-free stock and ETF trading. Fast and easy account opening. Quality analytical tools and excellent education services. Pays high interest on uninvested cash.
- TradeStation - Great web and mobile trading platform. High level of investor protection. High-quality research and education tools.
Key features of the best brokers for millennials
| Broker | Minimum deposit | Mobile user-friendliness |
|---|---|---|
| Webull | $0 | Great |
| Robinhood | $0 | Great |
| Oanda | $0 | Great |
| eToro | $10 | Great |
| Fidelity | $0 | Great |
| Merrill Edge | $0 | Great |
| IG | $0 | Great |
| SoFi Invest | $0 | Great |
| moomoo | $0 | Great |
| TradeStation | $0 | Great |
Popularity of the best brokers for millennials
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 young investors
| Broker | US stock | UK stock fee |
|---|---|---|
| Webull | $0.0 | - |
| Robinhood | $0.0 | - |
| Oanda | $0.0 | $0.0 |
| eToro | $0.0 | $0.0 |
| Fidelity | $0.0 | $11.3 |
| Merrill Edge | $0.0 | - |
| IG | $10.0 | $10.0 |
| SoFi Invest | $0.0 | - |
| moomoo | $0.0 | - |
| TradeStation | $5.0 | - |
| Broker | Account fee | Inactivity fee |
|---|---|---|
| Webull | ||
| Robinhood | ||
| Oanda | ||
| eToro | ||
| Fidelity | ||
| Merrill Edge | ||
| IG | ||
| SoFi Invest | ||
| moomoo | ||
| TradeStation |
Recommended for investors and traders looking for zero-commission trading and easy platforms
| Webull snapshot | |
|---|---|
| Trading fee class | Low |
| Fractional share dealing | Yes |
| Minimum deposit | $0 |
| Inactivity fee | No |
| Easiness of account opening | 5.0 stars |
| Read review | For a detailed analysis of Webull services, check out our review for 2024 |
Recommended for beginners and buy-and-hold investors focusing on the US stock market
| Robinhood snapshot | |
|---|---|
| Trading fee class | Low |
| Fractional share dealing | Yes |
| Minimum deposit | $0 |
| Inactivity fee | No |
| Easiness of account opening | 5.0 stars |
| Read review | For a detailed analysis of Robinhood services, check out our review for 2024 |
Recommended for forex traders who value a user-friendly platform and great research tools
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75% of retail CFD accounts lose money
| Oanda snapshot | |
|---|---|
| Trading fee class | Low |
| Fractional share dealing | No |
| Minimum deposit | $0 |
| Inactivity fee | Yes |
| Easiness of account opening | 4.4 stars |
| Read review | For a detailed analysis of Oanda services, check out our review for 2024 |
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading
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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
| eToro snapshot | |
|---|---|
| Trading fee class | Low |
| Fractional share dealing | Yes |
| Minimum deposit | $10 |
| Inactivity fee | Yes |
| Easiness of account opening | 5.0 stars |
| Read review | For a detailed analysis of eToro services, check out our review for 2024 |
Recommended for investors and traders looking for solid research and great trading platforms
| Fidelity snapshot | |
|---|---|
| Trading fee class | Average |
| Fractional share dealing | Yes |
| Minimum deposit | $0 |
| Inactivity fee | No |
| Easiness of account opening | 4.4 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
| Merrill Edge snapshot | |
|---|---|
| Trading fee class | Low |
| Fractional share dealing | No |
| Minimum deposit | $0 |
| Inactivity fee | No |
| Easiness of account opening | 5.0 stars |
| Read review | For a detailed analysis of Merrill Edge services, check out our review for 2024 |
Recommended for traders of any experience level looking for an easy-to-use trading platform
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75% of retail CFD accounts lose money
| IG snapshot | |
|---|---|
| Trading fee class | Low |
| Fractional share dealing | No |
| Minimum deposit | $0 |
| Inactivity fee | No |
| Easiness of account opening | 4.4 stars |
| Read review | For a detailed analysis of IG services, check out our review for 2024 |
Recommended for beginners and investors looking for zero-commission trading, focusing on the US market
| SoFi Invest snapshot | |
|---|---|
| Trading fee class | Low |
| Fractional share dealing | Yes |
| Minimum deposit | $0 |
| Inactivity fee | Yes |
| Easiness of account opening | 4.4 stars |
| Read review | For a detailed analysis of SoFi Invest services, check out our review for 2024 |
Recommended for investors and traders looking for zero-commission trading and focusing on US markets
| moomoo snapshot | |
|---|---|
| Trading fee class | Low |
| Fractional share dealing | No |
| Minimum deposit | $0 |
| Inactivity fee | No |
| Easiness of account opening | 4.4 stars |
| Read review | For a detailed analysis of moomoo services, check out our review for 2024 |
Recommended for traders focusing on US markets and buy-and-hold investing
| TradeStation snapshot | |
|---|---|
| Trading fee class | Low |
| Fractional share dealing | No |
| Minimum deposit | $0 |
| Inactivity fee | Yes |
| Easiness of account opening | 5.0 stars |
| Read review | For a detailed analysis of TradeStation services, check out our review for 2024 |
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How did we select the best brokers for millennials?
- We checked whether the broker is regulated by a trusted regulator,
- We checked and compared every aspect of their services (with a special focus on their mobile platform),
- We checked trading and non-trading fees,
- We opened an account and tested the trading platform with our own money (charting, features, usability, customer service).
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We recommend only quality brokers, so you can be sure that none of the listed online brokers is a scam. To be on the safe side, we check safety-related criteria, such as regulation, investor protection amount, and the transparency of the broker's financials. All the brokers you find on BrokerChooser are regulated by at least one top-tier financial authority.
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.
