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Best brokers for millennials in 2025

Written by
Adam N.
Fact checked by
Updated
Dec 2024


Find below the strongest aspects of the best brokers for millennials available in the United States, updated for 2025:

  1. 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.
  2. 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.
  3. Webull - Free stock/ETF trading. High interest on uninvested cash. Fast and easy account opening. Great trading platforms.
  4. eToro - Low stock and ETF fees. Seamless account opening. Social trading.
  5. Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
  6. Ally Invest - Low trading and non-trading fees. Easy and fully digital account opening. Great education.
  7. Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
  8. Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
  9. IG - First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
  10. Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
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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
-
Overview of best brokers for millennials in 2025

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
-
Trading fees at the best brokers for millennials in 2025
Broker
Account fee
Inactivity fee
Robinhood
moomoo
Webull
eToro
Oanda
Ally Invest
Charles Schwab
Fidelity
IG
Alpaca Trading
Non-trading fees at the best brokers for millennials in 2025

Recommended for beginners and buy-and-hold investors focusing on the US stock market

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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

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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
Track every investment in one view
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Recommended for investors and traders looking for zero-commission trading and easy platforms

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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

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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

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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

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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
IG Logo

IG

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

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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.).

Save hours of research!

Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology

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.

author
Adam Nasli
Author of this article
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
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