Intro and winners
Find below the strongest aspects of the best brokers for millennials available in the United States, updated for 2025:
- Robinhood is the winner, the best broker for millennials in 2025. Free US stock and ETF trading. Great mobile and web trading platforms. Fast and fully digital account opening. Interest paid on uninvested cash.
- 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.
- Webull - Free stock/ETF trading. High interest on uninvested cash. Fast and easy account opening. Great trading platforms.
- eToro - Low stock and ETF fees. Seamless account opening. Social trading.
- Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
- Ally Invest - Low trading and non-trading fees. Easy and fully digital account opening. Great education.
- Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
- Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
- IG - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
- Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
Key features of the best brokers for millennials
Broker | Minimum deposit | Mobile user-friendliness |
---|---|---|
Robinhood | $0 | Great |
moomoo | $0 | Great |
Webull | $0 | Great |
eToro | $100 | Great |
Oanda | $0 | Great |
Ally Invest | $0 | Great |
Charles Schwab | $0 | Great |
Fidelity | $0 | Great |
IG | $0 | Great |
Alpaca Trading | $0 | - |
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 |
---|---|---|
Robinhood | $0.0 | - |
moomoo | $0.0 | - |
Webull | $0.0 | - |
eToro | $0.0 | $0.0 |
Oanda | $0.0 | $0.0 |
Ally Invest | $0.0 | - |
Charles Schwab | $0.0 | - |
Fidelity | $0.0 | $11.3 |
IG | $10.0 | $10.1 |
Alpaca Trading | $0.0 | - |
Broker | Account fee | Inactivity fee |
---|---|---|
Robinhood | ||
moomoo | ||
Webull | ||
eToro | ||
Oanda | ||
Ally Invest | ||
Charles Schwab | ||
Fidelity | ||
IG | ||
Alpaca Trading |
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 2025 |
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 2025 |
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 2025 |
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and stock trading with low fees
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eToro securities trading offered by eToro USA Securities Inc, member of FINRA & SIPC. Investing involves risk.
eToro snapshot | |
---|---|
Trading fee class | Low |
Fractional share dealing | Yes |
Minimum deposit | $100 |
Inactivity fee | Yes |
Easiness of account opening | 5.0 stars |
Read review | For a detailed analysis of eToro services, check out our review for 2025 |
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 2025 |
Recommended for investors and traders looking for low fees and focusing on the US market
Ally Invest 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 Ally Invest services, check out our review for 2025 |
Recommended for investors and traders looking for solid research, low fees and great customer service
Charles Schwab 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 Charles Schwab services, check out our review for 2025 |
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 2025 |
Recommended for traders of any experience level looking for an easy-to-use trading platform
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70% 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 2025 |
Recommended for traders interested in algorithmic stock trading
Alpaca Trading 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 Alpaca Trading services, check out our review for 2025 |
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How did we select the best brokers for millennials?
- We made sure that the broker is overseen by a trusted regulator,
- We tested and compared mobile platform features and capabilities,
- We checked trading and non-trading fees,
- We looked into the product selection at each broker (i.e. is crypto available?),
- We opened an account and tested the full range of services (charting, features, account opening, social trading, customer service, etc.).
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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.