TOP
6
68% of retail CFD accounts lose money
Intro and winners
Find below the best brokers for stocks and shares ISA available in the United States, updated for 2023:
- Freetrade - the best broker for stocks and shares ISA in 2023. Free stock and ETF trading. Easy and fast account opening. Great mobile trading platform.
- Interactive Brokers - Low trading fees and high interest (up to 4.58% for USD) on cash balances. Wide range of products. Many great research tools.
- Fineco Bank - Low non-trading fees. Great mobile trading platform. Rock-solid background.
- AJ Bell Youinvest - Fast account opening. Easy to use trading platforms. Great customer service.
- Hargreaves Lansdown - Easy-to-use trading platforms. High-quality educational tools. Great customer service.
- Trading 212 - Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms.
- Saxo Bank - Great trading platform. Outstanding research. Broad product portfolio.
- Fidelity International - Low fund fees and non-trading fees. User-friendly trading platform. Great research tools.
- Interactive Investor - User-friendly trading platforms. Fast and easy deposit and withdrawal. Great phone customer service.
- Charles Stanley Direct - Low fund fees. Great customer service. Easy deposit and withdrawal.
Your location is the United States
To see the top brokers in another country,
choose from the list below
Table of contents
>
1. Intro and winners
>
2. Overview of the best brokers for stocks and shares ISA
>
3. Trading fees at the best brokers for stocks and shares ISA
>
4. Non-trading fees at the best brokers for stocks and shares ISA
>
5. Selection of long-term products at the best brokers for stocks and shares ISA
>
6. Freetrade
>
7. Interactive Brokers
>
8. Fineco Bank
>
9. AJ Bell Youinvest
>
10. Hargreaves Lansdown
>
11. Trading 212
>
12. Saxo Bank
>
13. Fidelity International
>
14. Interactive Investor
>
15. Charles Stanley Direct
>
16. Didn't find the best broker for you?
>
17. How did BrokerChooser select the best brokers for stocks and shares ISA?
>
18. FAQ
Top 10 brokers
Get your personalized toplist:
Best broker for stocks and shares ISA in 2023
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 |
|---|---|---|
| Freetrade | Low | $0 No minimum deposit |
| Interactive Brokers | Low | $0 $0 for non-margin client accounts, $2,000 for margin accounts. (A margin account is where you trade with borrowed money, also known as leverage.) |
| Fineco Bank | Low | $0 There is no minimum deposit |
| AJ Bell Youinvest | Average | $0 No minimum deposit |
| Hargreaves Lansdown | High | $0 £0 minimum deposit for basic accounts, £1 to open an active savings or trading account, £100 minimum for SIPP and ISA accounts, and £1,000 for opening portfolios handled by HL experts |
| Trading 212 | Low | $0 No minimum deposit |
| Saxo Bank | Average | $2,000 The minimum account balance is £500 in the UK, while $2,000-10,000 in other countries and zero for Danish and Norwegian clients. |
| Fidelity International | Average | $1,360 £1,000 minimum deposit for Investment Account, ISA and SIPP accounts, or £25 per month with regular savings plan. |
| Interactive Investor | Average | $0 No minimum deposit |
| Charles Stanley Direct | Average | $24.8 £20 minimum deposit required for debit cards and £50 for bank transfers |
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.
Popularity
6,385
170,861
3,171
4,158
4,929
17,031
41,287
4,960
Best broker for stocks and shares ISA in 2023
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 | Select... |
|---|---|---|
| Freetrade | Commission-free | |
| Interactive Brokers | Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. | |
| Fineco Bank | $3.95 per trade for UK customers; $3.95-$12.95 per trade for Italian customers, depending on the number of monthly trades | |
| AJ Bell Youinvest | £9.95 per trade | |
| 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 | |
| Trading 212 | Commission-free | |
| Saxo Bank | $0.02/share; min $10, but with a VIP account the minimum can be as low as $3 | |
| Fidelity International | £10 per trade, or £1.5 per trade for regular saving plans. For tax-advantaged accounts, there is also an annual service fee. | |
| Interactive Investor | "Investor" and "Pension Builder" fees: £5.99 per trade; "Super Investor" fee: £3.99 per trade | |
| Charles Stanley Direct | Not available |
If you are unsure how brokerage fees work, check out our article explaining various brokerage fees.
Best broker for stocks and shares ISA in 2023
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 |
|---|---|---|
| Freetrade | No account fee on general investment account, £3 monthly fee for ISA accounts, and 9.99 monthly fee for Freetrade Plus accounts | $0 Free Deposit |
| Interactive Brokers | No account fee | $0 Free deposit |
| Fineco Bank | No account fee | $0 Free deposit |
| AJ Bell Youinvest | No account fee | $0 Free Deposit |
| Hargreaves Lansdown | No account fee for Fund & Share account, but there is an account fee for SIPP and ISA accounts. | $0 Free deposit |
| Trading 212 | No account fee | $0 Most options are free of charge, but 0.7% fee charged if you deposit more than €2,000 in total on your Invest using Credit/Debit cards or electronic wallets |
| Saxo Bank | No account fee | $0 Free deposit |
| Fidelity International | No account fee | $0 Free deposit |
| Interactive Investor | £9.99 per month for an Investor plan, £12.99 per month for a Pension Builder plan and £19.99 per month for a Super Investor plan | $0 Free Deposit |
| Charles Stanley Direct | No account fee for Investment and ISA accounts, but there is a £100+VAT fee for SIPP accounts | $0 Free deposit |
Best broker for stocks and shares ISA in 2023
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 (#) |
|---|---|---|
| Freetrade | 700 | - |
| Interactive Brokers | 13,000 | 400 |
| Fineco Bank | 5,500 | 5 |
| AJ Bell Youinvest | 2,700 | 270 |
| Hargreaves Lansdown | 2,500 | 180 |
| Trading 212 | 1,800 | - |
| Saxo Bank | 6,400 | 17 |
| Fidelity International | 400 | 180 |
| Interactive Investor | 1,680 | 190 |
| Charles Stanley Direct | 1,700 | 280 |
And now, let's see the top brokers for stocks and shares ISA one by one, starting with the winner, Freetrade.
#1 Best broker for stocks and shares ISA
Freetrade
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 | 4.4 stars |
| Minimum deposit | $0 |
| Markets and products score | 3.0 stars |
| Trading platform score | 3.4 stars |
| Customer service score | 5.0 stars |
| Time to open an account | 1 day |
| Read review | For a detailed analysis of Freetrade services, check out our review for 2023 |
#2 Best broker for stocks and shares ISA
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 | 4.4 stars |
| Minimum deposit | $0 |
| Markets and products score | 5.0 stars |
| Trading platform score | 3.6 stars |
| Customer service score | 4.3 stars |
| Time to open an account | 1-3 days |
| Read review | For a detailed analysis of Interactive Brokers services, check out our review for 2023 |
#3 Best broker for stocks and shares ISA
Fineco Bank
Recommended for traders and investors looking for a great trading platform and a broker with a solid background
| Fineco Bank snapshot | |
|---|---|
| Italian bank | |
| Fee score | 3.5 stars |
| Minimum deposit | $0 |
| Markets and products score | 4.0 stars |
| Trading platform score | 3.7 stars |
| Customer service score | 4.5 stars |
| Time to open an account | 1-3 days |
| Read review | For a detailed analysis of Fineco Bank services, check out our review for 2023 |
#4 Best broker for stocks and shares ISA
AJ Bell Youinvest
Recommended for beginners and investors with small and medium portfolios focusing on the uk market
| AJ Bell Youinvest snapshot | |
|---|---|
| UK discount broker | |
| Fee score | 3.0 stars |
| Minimum deposit | $0 |
| Markets and products score | 3.4 stars |
| Trading platform score | 4.1 stars |
| Customer service score | 5.0 stars |
| Time to open an account | 1 day |
| Read review | For a detailed analysis of AJ Bell Youinvest services, check out our review for 2023 |
#5 Best broker for stocks and shares ISA
Hargreaves Lansdown
Recommended for beginners and buy-and-hold investors looking for great customer service and easy-to-use trading platforms
| Hargreaves Lansdown snapshot | |
|---|---|
| UK-based stockbroker | |
| Fee score | 3.0 stars |
| Minimum deposit | $0 |
| Markets and products score | 3.2 stars |
| Trading platform score | 3.8 stars |
| Customer service score | 4.5 stars |
| Time to open an account | 1 day |
| Read review | For a detailed analysis of Hargreaves Lansdown services, check out our review for 2023 |
#6 Best broker for stocks and shares ISA
Trading 212
Recommended for equity investors and cfd traders looking for easy-to-use trading platforms
| Trading 212 snapshot | |
|---|---|
| Global CFD broker, but real stocks/ETFs are also available | |
| Fee score | 4.1 stars |
| Minimum deposit | $0 |
| Markets and products score | 4.1 stars |
| Trading platform score | 4.8 stars |
| Customer service score | 5.0 stars |
| Time to open an account | 1 day |
| Read review | For a detailed analysis of Trading 212 services, check out our review for 2023 |
#7 Best broker for stocks and shares ISA
Saxo Bank
Recommended for investors and traders looking for a great trading platform and solid research
| Saxo Bank snapshot | |
|---|---|
| Danish investment bank | |
| Fee score | 2.9 stars |
| Minimum deposit | $2,000 |
| Markets and products score | 5.0 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 2023 |
#8 Best broker for stocks and shares ISA
Fidelity International
Recommended for beginners and long-term investors focusing on the uk market
| Fidelity International snapshot | |
|---|---|
| UK-based stockbroker | |
| Fee score | 2.8 stars |
| Minimum deposit | $1,360 |
| Markets and products score | 1.9 stars |
| Trading platform score | 4.1 stars |
| Customer service score | 3.9 stars |
| Time to open an account | 1 day |
| Read review | For a detailed analysis of Fidelity International services, check out our review for 2023 |
#9 Best broker for stocks and shares ISA
Interactive Investor
Recommended for beginners and investors focusing on the uk market
| Interactive Investor snapshot | |
|---|---|
| UK stockbroker | |
| Fee score | 3.4 stars |
| Minimum deposit | $0 |
| Markets and products score | 3.2 stars |
| Trading platform score | 3.9 stars |
| Customer service score | 2.8 stars |
| Time to open an account | 1 day |
| Read review | For a detailed analysis of Interactive Investor services, check out our review for 2023 |
#10 Best broker for stocks and shares ISA
Charles Stanley Direct
Recommended for beginners and buy-and-hold investors focusing on the uk market
| Charles Stanley Direct snapshot | |
|---|---|
| UK-based stockbroker | |
| Fee score | 3.2 stars |
| Minimum deposit | $24.8 |
| Markets and products score | 1.5 stars |
| Trading platform score | 3.6 stars |
| Customer service score | 5.0 stars |
| Time to open an account | 1-3 days |
| Read review | For a detailed analysis of Charles Stanley Direct services, check out our review for 2023 |
Best broker for stocks and shares ISA in 2023
Didn't find the best broker for you?
Answer a few questions and get a personalized broker list!
Get a personalized broker recommendation
Your broker toplist will be selected based on your answers.
Where do you live?
More info
Best broker for stocks and shares ISA in 2023
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 500 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 50,000 data points overall.
Best broker for stocks and shares ISA in 2023
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:
Comments