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Best broker for stocks and shares ISA in 2024

Written by
Krisztián G.
Fact checked by
Tamás D.
Updated
2w ago
Dive into our toplist of regulated and trusted brokers that we tested with real money. Every broker is available in the United States.

Find below the strengths of the best brokers for stocks and shares ISA available in the United States, updated for 2024:

  1. Interactive Brokers - the best broker for stocks and shares ISA in 2024. Extremely low fees. Wide range of products. Many great research tools.
  2. eToro - Free stock and ETF trading. Seamless account opening. Social trading.
  3. Freetrade - Free stock and ETF trading. Easy and fast account opening. Great mobile trading platform.
  4. Interactive Investor - User-friendly trading platforms. Fast and easy deposit and withdrawal. Interest on cash balances.
  5. Saxo - Great trading platform. Outstanding research. Broad product portfolio. Interest paid on uninvested cash.
  6. Hargreaves Lansdown - Easy-to-use trading platforms. High-quality educational tools. Interest paid on uninvested cash.
  7. Halifax - Low fees. Good options for deposit/withdrawal. Quick and easy account opening.
  8. AJ Bell Youinvest - Fast account opening. Easy to use trading platforms. Great customer service. Interest paid on uninvested cash.
  9. Barclays - Low fund and bond fees. Solid company background. Great fundamental research.
  10. Trading 212 - Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms. Pays interest on uninvested cash.
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Overview of the best brokers for stocks and shares ISA

While many brokerages offer excellent ISA services, the ones in our toplist go the extra mile.

Broker
Stock fee class
Minimum deposit
Interactive Brokers
Low
$0
eToro
Low
$10
Freetrade
Low
$0
Interactive Investor
Low
$0
Saxo
Low
$0
Hargreaves Lansdown
High
$0
Halifax
Low
$0
AJ Bell Youinvest
High
$0
Barclays
Average
$0
Trading 212
Low
$1
Best brokers for stocks and shares ISA key data compiled for May 2024

Popularity of the best brokers for stocks and shares ISA

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

Trading fees at the best brokers for stocks and shares ISA

The fact that a broker charges low fees for long-term products, which are typically used for ISA investments, was important when determining the best brokers. You can compare fees for trading US stocks below.

Broker
US stock fee
Interactive Brokers
Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.
eToro
Free stock and ETF trading
Freetrade
Commission-free
Interactive Investor
£3.99 per trade
Saxo
0.08% of trade value with $1 minimum, but using VIP pricing the commission can be as low as 0.03% of trade value with $1 minimum
Hargreaves Lansdown
Based on previous month's activity. 0-9 trades: £11.95 per trade; 10-19 trades: £8.95 per trade; 20+ trades: £5.95 per trade
Halifax
Commission-free, but 1.25% conversion fee for international trades
AJ Bell Youinvest
£9.95 per trade
Barclays
£6 per trade
Trading 212
Commission-free
Trading fees at the best brokers for stocks and shares ISA in May 2024

If you are unsure how brokerage fees work, check out our article explaining various brokerage fees.

Non-trading fees at the best brokers for stocks and shares ISA

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. With long-term investments like ISA, non-trading fees should be low, especially inactivity fees, otherwise they can decrease your rate of return significantly.

Broker
Account fee
Deposit fee
Interactive Brokers
$0
eToro
$0
Freetrade
$0
Interactive Investor
$0
Saxo
$0
Hargreaves Lansdown
$0
Halifax
$0
AJ Bell Youinvest
$0
Barclays
$0
Trading 212
$0
Non-trading fees at the best brokers for stocks and shares ISA in May 2024

Selection of long-term products at the best brokers for stocks and shares ISA

It's good to have a wide selection of choices to invest in. In case of investing with an ISA, this means long-term products like stocks/ETFs, funds and bonds.

Broker
ETFs (#)
Fund providers (#)
Interactive Brokers
13,000
550
eToro
420
-
Freetrade
700
-
Interactive Investor
1,680
190
Saxo
7,000
17
Hargreaves Lansdown
2,500
180
Halifax
600
140
AJ Bell Youinvest
3,500
270
Barclays
1,000
160
Trading 212
1,800
-
Selection of long-term products at the best brokers for stocks and shares ISA in May 2024

And now, let's see the top brokers for stocks and shares ISA one by one, starting with the winner, Interactive Brokers.

Recommended for traders looking for broad market access and a professional trading environment

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Interactive Brokers snapshot
International broker providing all asset classes
Fee score 4.3 stars
Minimum deposit $0
Markets and products score 5.0 stars
Trading platform score 4.3 stars
Customer service score 3.4 stars
Time to open an account 1-3 days
Read review For a detailed analysis of Interactive Brokers 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
Global social trading broker
Fee score 4.0 stars
Minimum deposit $10
Markets and products score 3.9 stars
Trading platform score 4.8 stars
Customer service score 2.3 stars
Time to open an account 1 day
Read review For a detailed analysis of eToro services, check out our review for 2024

Recommended for long-term investors on the hunt for low fees and focusing on the UK and US markets

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Freetrade snapshot
UK discount broker
Fee score 4.0 stars
Minimum deposit $0
Markets and products score 2.3 stars
Trading platform score 3.4 stars
Customer service score 3.3 stars
Time to open an account 1 day
Read review For a detailed analysis of Freetrade services, check out our review for 2024

Recommended for beginners and investors focusing on the UK market

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Interactive Investor snapshot
UK stockbroker
Fee score 3.3 stars
Minimum deposit $0
Markets and products score 2.6 stars
Trading platform score 4.3 stars
Customer service score 1.6 stars
Time to open an account 1 day
Read review For a detailed analysis of Interactive Investor services, check out our review for 2024

Recommended for investors and traders looking for a great trading platform and solid research

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Saxo snapshot
Danish investment bank
Fee score 3.0 stars
Minimum deposit $0
Markets and products score 4.9 stars
Trading platform score 5.0 stars
Customer service score 4.5 stars
Time to open an account 1 day
Read review For a detailed analysis of Saxo services, check out our review for 2024

Recommended for beginners and buy-and-hold investors looking for an easy-to-use trading platform

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Hargreaves Lansdown snapshot
UK-based stockbroker
Fee score 2.4 stars
Minimum deposit $0
Markets and products score 2.7 stars
Trading platform score 3.9 stars
Customer service score 2.5 stars
Time to open an account 1 day
Read review For a detailed analysis of Hargreaves Lansdown services, check out our review for 2024

Recommended for beginners and long-term investors

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Halifax snapshot
UK-based stockbroker
Fee score 3.8 stars
Minimum deposit $0
Markets and products score 2.5 stars
Trading platform score 0.8 stars
Customer service score 0.0 stars
Time to open an account 1 day
Read review For a detailed analysis of Halifax services, check out our review for 2024

Recommended for beginners and investors with small and medium portfolios focusing on the UK market

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AJ Bell Youinvest snapshot
UK discount broker
Fee score 2.6 stars
Minimum deposit $0
Markets and products score 3.0 stars
Trading platform score 4.1 stars
Customer service score 4.5 stars
Time to open an account 1 day
Read review For a detailed analysis of AJ Bell Youinvest services, check out our review for 2024

Recommended for long-term investors looking for a broker with low fees and solid background

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Barclays snapshot
UK-based stockbroker
Fee score 3.1 stars
Minimum deposit $0
Markets and products score 2.5 stars
Trading platform score 1.0 stars
Customer service score 0.0 stars
Time to open an account >3 days
Read review For a detailed analysis of Barclays services, check out our review for 2024

Recommended for equity investors and CFD traders looking for easy-to-use trading platforms

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Trading 212 snapshot
Global stockbroker
Fee score 3.8 stars
Minimum deposit $1
Markets and products score 3.6 stars
Trading platform score 4.8 stars
Customer service score 3.8 stars
Time to open an account 1 day
Read review For a detailed analysis of Trading 212 services, check out our review for 2024

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How did BrokerChooser select the best brokers for stocks and shares ISA?

  • We checked brokers offering ISA: as these Individual Savings Accounts are available only in the UK, we chose brokers that operate in the UK and offer ISA accounts
  • We checked whether the broker is overseen by a trusted regulator
  • Low fees for long-term products (such as stocks and ETFs) weighed heavily in our scores, as ISA investments are typically long-term
  • We looked at brokers with low non-trading fees, e.g. inactivity, annual and monthly fees, that don't eat into your rate of return
  • We checked brokers that offer a wide range of long-term products
  • We opened an account and tested the platform (charting, features, usability) with real money


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 600 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 60,000 data points overall.

FAQ

What is an ISA?

ISA stands for Individual Savings Account, which is designed for tax-free savings and investments. It was introduced in 1999 by the UK government to encourage long-term and pension savings. If you have an ISA, you don't have to pay tax on any returns that your investments make when you sell them.

What are the different types of ISA?

There are four main types of ISAs:

  • Cash ISA
  • Stocks and shares ISA
  • Innovative finance ISA
  • Lifetime ISA

Want to learn more about ISA

Check out these articles written by our broker and trading experts:

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Engage with our growing community of traders and investors like you to find your answers.
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Author of this article

Krisztián Gátonyi

Forex • Market Analysis • Stock Market

I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.

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.

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