Intro and winners
Find below the strengths of the best brokers for stocks and shares ISA available in the United States, updated for 2024:
- Interactive Brokers - the best broker for stocks and shares ISA in 2024. Low trading fees and high interest on cash balances. Wide range of products. Many great research tools.
- Freetrade - Free stock and ETF trading. Easy and fast account opening. Great mobile trading platform.
- Interactive Investor - User-friendly trading platforms. Fast and easy deposit and withdrawal. Interest on cash balances.
- Saxo Bank - Great trading platform. Outstanding research. Broad product portfolio. Interest paid on uninvested cash.
- Hargreaves Lansdown - Easy-to-use trading platforms. High-quality educational tools. Interest paid on uninvested cash.
- Halifax - Low fees. Good options for deposit/withdrawal. Quick and easy account opening.
- AJ Bell Youinvest - Fast account opening. Easy to use trading platforms. Great customer service. Interest paid on uninvested cash.
- eToro - Free stock and ETF trading. Seamless account opening. Social trading.
- Barclays - Low fund and bond fees. Solid company background. Great fundamental research.
- Trading 212 - Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms. Pays interest on uninvested cash.
- Intro and winners
- Overview of the best brokers for stocks and shares ISA
- Trading fees at the best brokers for stocks and shares ISA
- Non-trading fees at the best brokers for stocks and shares ISA
- Selection of long-term products at the best brokers for stocks and shares ISA
- Interactive Brokers
- Freetrade
- Interactive Investor
- Saxo Bank
- Hargreaves Lansdown
- Halifax
- AJ Bell Youinvest
- eToro
- Barclays
- Trading 212
- Didn't find the best broker for you?
- How did BrokerChooser select the best brokers for stocks and shares ISA?
- FAQ
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 |
Freetrade | Low | $0 |
Interactive Investor | Low | $0 |
Saxo Bank | Low | $0 |
Hargreaves Lansdown | High | $0 |
Halifax | Low | $0 |
AJ Bell Youinvest | High | $0 |
eToro | Low | $10 |
Barclays | Average | $0 |
Trading 212 | Low | $1 |
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. |
Freetrade | Commission-free |
Interactive Investor | £3.99 per trade |
Saxo Bank | 0.08% of trade value with $1 min, but using VIP pricing the commission can be as low as 0.03% of trade value with $1 min |
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 |
eToro | Free stock and ETF trading |
Barclays | £6 per trade |
Trading 212 | Commission-free |
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 | |
Freetrade | $0 | |
Interactive Investor | $0 | |
Saxo Bank | $0 | |
Hargreaves Lansdown | $0 | |
Halifax | $0 | |
AJ Bell Youinvest | $0 | |
eToro | $0 | |
Barclays | $0 | |
Trading 212 | $0 |
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 |
Freetrade | 700 | - |
Interactive Investor | 1,680 | 190 |
Saxo Bank | 7,000 | 17 |
Hargreaves Lansdown | 2,500 | 180 |
Halifax | 600 | 140 |
AJ Bell Youinvest | 3,500 | 270 |
eToro | 420 | - |
Barclays | 1,000 | 160 |
Trading 212 | 1,800 | - |
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
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 | 4.1 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 long-term investors on the hunt for low fees and focusing on the UK and US markets
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
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
Saxo Bank 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 Bank services, check out our review for 2024 |
Recommended for beginners and buy-and-hold investors looking for an easy-to-use trading platform
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
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
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 traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading
Visit broker
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 looking for a broker with low fees and solid background
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
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: