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Best discount brokers in 2019

Dec 2018
Top 2 discount brokers
Degiro
Interactive Brokers
Best discount brokers in 2019

Choose the best discount broker in 2019, we did the research for you. Fees, fees, and fees. We do not like them and surely you do not either. Checking carefully, we uncovered all hidden fees. After testing 20 brokers, only four made it to the top. And now, without further ado...

The top 4 picks for the best discount brokers in 2019

  1. Degiro is the best discount broker. It has amazing trading fees for stocks and options, and one free ETF trade per month.
  2. Interactive Brokers is the second, because of it charges inactivity fee if you don't trade. It is still the best online broker overall.
  3. TradeStation Global is practically Interactive Brokers with TradeStation's platform. Low fees, place three.
  4. Robinhood is number four. Zero commission for US stocks, true. But very high European stock fees and a high financing rate placed it to the fourth place.
Best discount brokers in 2019
Broker Info Fees
#1 Degiro Dutch discount broker 5 stars
#2 Interactive Brokers US discount broker 4 stars
#3 TradeStation Global UK-based global broker 4 stars
#4 Robinhood US zero-fee discount broker 4 stars

All four brokers are considered safe. They are regulated by top-tier regulators from the Netherlands, and the US, respectively. In the case of Interactive Brokers, it is also a listed company.

What makes a good discount broker? Certainly, damn low fees. This holds for commissions, financing rates, and a lot of people forget, non-trading fees like inactivity or withdrawal fees. Besides low fees, it must also be easy to open an account and deposit. They should offer access to a lot of markets and need to have a great platform.

Easy to list, but hard to figure it out. We are testing brokers along ~100 criteria with real accounts and real money. We know what's up.

Not sure which broker? For a tailored recommendation, check out the broker finder tool. You can enter your country and it will show only the relevant brokers. Want more details? Compare brokers with this detailed comparison table.

Boring, but important stuff: Degiro and IB offer CFD products. They are complex and very risky, thus not suitable for everyone. You can easily lose all of your invested money. If you don't have clue what a CFD is, start with these CFD trading tips

And now, let's see the best discount brokers in 2019 one by one. Starting with the winner, Degiro.

 

#1 Best discount broker
Degiro

4.7 5 stars

Best discount broker

Degiro logo

DEGIRO is a trending Dutch online discount broker. It is privately owned and was established in 2013 by former employees of another brokerage company.

DEGIRO is considered safe as it is regulated by top-tier financial regulators, the Dutch AFM and DNB. It is registered with the Chamber of Commerce and Industry in Amsterdam under number 34342820.

Recommended for price-sensitive buy and hold investors and traders looking for only execution

Pros
  • One of the lowest fees in the market
  • Broad access to international markets
  • Easy to use web and mobile platform
Cons
  • Limited research and education
  • No forex trading
  • No credit/debit card deposit and withdrawal

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#1 Degiro
Fees 5 stars

DEGIRO has low trading and non-trading fees. In most asset classes, it is the best in the market. There are some ETFs which you can trade free once per month. It's a great offer for buy-and-hold investors.
Pros
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
  • At some ETFs, one free trade per month
Cons
  • Yearly service fee for mutual funds
  • Higher trading fees for Asian and smaller European stock exchanges
Degiro fees
Degiro Interactive Brokers TradeStation Global Robinhood
Apple benchmark fee $1.4 $2.2 $3.2 $0.0
Vodafone benchmark fee $5.2 $17.9 $2.7 $100.0
EURUSD benchmark fee - $23.0 $23.0 -
Degiro fees for stock trading
Degiro Interactive Brokers TradeStation Global Robinhood
USA $0.004 per share + €0.5 $0.005 per share, min $1, max 0.5% of trade value $0.007 per share, min $1.5 Free
Germany 0.058% + €4, max €60 0.1%, min €4, max €99 0.12%, min €1.8 $50 per trade
UK 0.022% + £4, max £5 £6 up to £50,000 Trade Value; £6 + 0.05% of incremental trade value > £50,000; max £29 for > £50,000 Trade Value 0.12%, min £1.5 $50 per trade
Degiro non-trading fees
Degiro Interactive Brokers TradeStation Global Robinhood
Account fee No No No No
Inactivity fee No Yes Yes No
Withdrawal fee $0 $0 $0 $0

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#1 Degiro
Account opening 5 stars

DEGIRO has an easy and fast account opening process. Also, there is no minimum deposit.
Pros
  • Fully digital
  • No minimum deposit
  • User-friendly
Cons
None
Degiro minimum deposit and time to open an account
Degiro Interactive Brokers TradeStation Global Robinhood
Minimum deposit $0 $0 $1,000 $0
Time to open account 1 day 1-3 days 1-3 days 1 day

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#1 Degiro
Deposit and withdrawal 3 stars

DEGIRO deposit and withdrawal is free of charge via bank transfer. On the other hand, you cannot deposit with credit or debit card.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card not available
Degiro withdrawal fee and options
Degiro Interactive Brokers TradeStation Global Robinhood
Bank Transfer Yes Yes Yes Yes
Credit/Debit card No No No No
Electronic wallets No No No No
Withdrawal fee $0 $0 $0 $0

More Visit broker

#1 Degiro
Markets and products 3 stars

At DEGIRO you can access many markets and trade with a lot of different products, except for forex.
Degiro markets and products
Degiro Interactive Brokers TradeStation Global Robinhood
Stock Yes Yes Yes Yes
ETF Yes Yes Yes Yes
Forex No Yes Yes No
Fund Yes Yes Yes No
Bond Yes Yes Yes No
Options Yes Yes Yes Yes
Futures Yes Yes Yes No
CFD Yes Yes Yes No
Crypto Yes Yes Yes Yes

More Visit broker

#1 Degiro
Web trading platform 4 stars

DEGIRO’s web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, it is a bit complicated to customize.
Pros
  • User-friendly
  • Two-step (safer) login
  • Modern design
Cons
  • Limited customizability (for charts, workspace)
  • No price alerts
Best discount brokers - Degiro trading platform
Degiro trading platforms
Degiro Interactive Brokers TradeStation Global Robinhood
Web platform score 4 stars 4 stars 2 stars 5 stars
Mobile platform score 4 stars 4 stars 4 stars 5 stars
Desktop platform score - 3 stars 3 stars -

More Visit broker

#1 Degiro
Verdict

DEGIRO is a good choice if you want a simple platform and don’t want to spend a fortune on fees.

It is far cheaper than its big European competitors and only Interactive Brokers can compete with DEGIRO fees. DEGIRO also has great access to international markets and trading products. And it is als one of the best trading platforms for Europeans.

However, cheapness comes with some shortfalls. Education and research tools are limited, there is no forex trading and limited deposit and withdrawal options.

All in all, it is a great online broker. As there is no minimum deposit and no inactivity fee, feel free to try it out.

Degiro
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA.
Fees score 5 stars
Recommended for Price-sensitive buy and hold investors and traders looking for only execution

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#2 Best discount broker
Interactive Brokers

4.8 5 stars

Best online broker

Interactive Brokers logo

Interactive Brokers was founded in 1978 and it is one of the biggest US-based discount brokers. It is regulated by several regulators globally, including top-tier authorities like FCA and SEC. Interactive Brokers Group is listed on the New York Stock Exchange.

Interactive Brokers is considered safe because it has a long track record, is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.

Recommended for traders who prefer low fees and a professional trading environment

Pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
Cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform

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#2 Interactive Brokers
Fees 4 stars

Interactive Brokers has low trading fees and high non-trading fees. The fees are transparent.
Pros
  • Low trading fees
  • Transparent fee structure
Cons
  • Inactivity fee
Interactive Brokers fees
Degiro Interactive Brokers TradeStation Global Robinhood
Apple benchmark fee $1.4 $2.2 $3.2 $0.0
Vodafone benchmark fee $5.2 $17.9 $2.7 $100.0
EURUSD benchmark fee - $23.0 $23.0 -
Interactive Brokers fees for stock trading
Degiro Interactive Brokers TradeStation Global Robinhood
USA $0.004 per share + €0.5 $0.005 per share, min $1, max 0.5% of trade value $0.007 per share, min $1.5 Free
Germany 0.058% + €4, max €60 0.1%, min €4, max €99 0.12%, min €1.8 $50 per trade
UK 0.022% + £4, max £5 £6 up to £50,000 Trade Value; £6 + 0.05% of incremental trade value > £50,000; max £29 for > £50,000 Trade Value 0.12%, min £1.5 $50 per trade
Interactive Brokers non-trading fees
Degiro Interactive Brokers TradeStation Global Robinhood
Account fee No No No No
Inactivity fee No Yes Yes No
Withdrawal fee $0 $0 $0 $0

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#2 Interactive Brokers
Account opening 3 stars

The account opening process is fully digital, but slow and complicated.
Pros
  • Fully digital
  • No minimum deposit for most accounts
Cons
  • Slow
  • Not user-friendly
  • Confusing messages throughout the process
Interactive Brokers minimum deposit and time to open an account
Degiro Interactive Brokers TradeStation Global Robinhood
Minimum deposit $0 $0 $1,000 $0
Time to open account 1 day 1-3 days 1-3 days 1 day

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#2 Interactive Brokers
Deposit and withdrawal 2 stars

Interactive Brokers offers a lot of base currencies and one withdrawal per month is free. On the negative side, only bank transfer is available.
Pros
  • Several account base currencies
  • No charge for the first withdrawal each month
Cons
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
Interactive Brokers withdrawal fee and options
Degiro Interactive Brokers TradeStation Global Robinhood
Bank Transfer Yes Yes Yes Yes
Credit/Debit card No No No No
Electronic wallets No No No No
Withdrawal fee $0 $0 $0 $0

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#2 Interactive Brokers
Markets and products 5 stars

Interactive Brokers allows you access to a very wide range of markets and you can trade with all product types. IB's product range is the widest available.
Interactive Brokers markets and products
Degiro Interactive Brokers TradeStation Global Robinhood
Stock Yes Yes Yes Yes
ETF Yes Yes Yes Yes
Forex No Yes Yes No
Fund Yes Yes Yes No
Bond Yes Yes Yes No
Options Yes Yes Yes Yes
Futures Yes Yes Yes No
CFD Yes Yes Yes No
Crypto Yes Yes Yes Yes

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#2 Interactive Brokers
Web trading platform 4 stars

The Interactive Brokers web platform is simple and easy to use, even for beginners. On the negative side, it is a bit complicated to customize.
Pros
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
Cons
  • Limited customizability (for charts, workspace)
Best discount brokers - Interactive Brokers trading platform
Interactive Brokers trading platforms
Degiro Interactive Brokers TradeStation Global Robinhood
Web platform score 4 stars 4 stars 2 stars 5 stars
Mobile platform score 4 stars 4 stars 4 stars 5 stars
Desktop platform score - 3 stars 3 stars -

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#2 Interactive Brokers
Verdict

IB is one of the biggest discount US brokers regulated by top-tier regulators. If you like low-cost trading and easily navigate on a really complicated platform, Interactive Brokers is for you. We mainly recommend IB for traders.

It has low trading fees, a wide range of product portfolio, and diverse research tools. 

On the flip side, only bank transfer is available for deposit and withdrawal. The account opening and the desktop platform are not user-friendly and complicated.

Interactive Brokers is definitely recommended if you want low fees, a lot of products and you are experienced to cope with a complicated platform.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. IB is listed on stock exchange and regulated by several authorities, like the top-tier FCA and SEC.
Fees score 4 stars
Recommended for Traders who prefer low fees and a professional trading environment

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#3 Best discount broker
TradeStation Global

4.5 5 stars

TradeStation Global logo

TradeStation is a US broker, and it offers TradeStation Global for non-US clients through its UK subsidiary.

TradeStation Global is practically Interactive Brokers's service, not TradeStation's. You can reach IB's markets almost at IB's fees. You can trade on both IB's and TradeStation's desktop platform. The customer service is by TradeStation. This is like you buy a British Airways flight ticket and then the plane is operated by Delta.

Both Interactive Brokers and TradeStation are very reputable brokers. Both have stock exchange listed parents and are regulated by top-tier regulators.

TradeStation Global is considered safe because it is regulated by the top-tier FCA, the UK regulator.

Recommended for traders looking for low fees and a lot of products

Pros
  • Low trading fees
  • Wide range of products
  • Fast and relevant customer service
Cons
  • Not user-friendly deposit and withdrawal
  • Complicated account opening
  • Under-developed web trading platform

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#3 TradeStation Global
Fees 4 stars

TradeStation Global has low trading fees and high non-trading fees. Its financing rates are very competitive as well. On the other hand, there are withdrawal and inactivity fees.
Pros
  • Low financing rate
Cons
  • Withdrawal fee
  • $10 inactivity fee
TradeStation Global fees
Degiro Interactive Brokers TradeStation Global Robinhood
Apple benchmark fee $1.4 $2.2 $3.2 $0.0
Vodafone benchmark fee $5.2 $17.9 $2.7 $100.0
EURUSD benchmark fee - $23.0 $23.0 -
TradeStation Global fees for stock trading
Degiro Interactive Brokers TradeStation Global Robinhood
USA $0.004 per share + €0.5 $0.005 per share, min $1, max 0.5% of trade value $0.007 per share, min $1.5 Free
Germany 0.058% + €4, max €60 0.1%, min €4, max €99 0.12%, min €1.8 $50 per trade
UK 0.022% + £4, max £5 £6 up to £50,000 Trade Value; £6 + 0.05% of incremental trade value > £50,000; max £29 for > £50,000 Trade Value 0.12%, min £1.5 $50 per trade
TradeStation Global non-trading fees
Degiro Interactive Brokers TradeStation Global Robinhood
Account fee No No No No
Inactivity fee No Yes Yes No
Withdrawal fee $0 $0 $0 $0

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#3 TradeStation Global
Account opening 2 stars

TradeStation Global account open is the same as Interactive Brokers. It is fully digital but slow and complicated. There is also $1,000 minimum required.
Pros
  • Fully digital
  • Dedicated account manager
Cons
  • Not user-friendly
  • Slow account opening, 1-2 days
  • Minimum account balance is $1,000
TradeStation Global minimum deposit and time to open an account
Degiro Interactive Brokers TradeStation Global Robinhood
Minimum deposit $0 $0 $1,000 $0
Time to open account 1 day 1-3 days 1-3 days 1 day

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#3 TradeStation Global
Deposit and withdrawal 2 stars

TradeStation Global deposit and withdrawal is the same as Interactive Brokers. There are many base currencies, and one free withdrawal per month. On the flip side, only bank transfer.
Pros
  • Several account base currencies
  • No charge for the first withdrawal every month.
Cons
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
TradeStation Global withdrawal fee and options
Degiro Interactive Brokers TradeStation Global Robinhood
Bank Transfer Yes Yes Yes Yes
Credit/Debit card No No No No
Electronic wallets No No No No
Withdrawal fee $0 $0 $0 $0

More Visit broker

#3 TradeStation Global
Markets and products 5 stars

TradeStation Global has a great product offer. You can reach many markets and trade with all product types.
TradeStation Global markets and products
Degiro Interactive Brokers TradeStation Global Robinhood
Stock Yes Yes Yes Yes
ETF Yes Yes Yes Yes
Forex No Yes Yes No
Fund Yes Yes Yes No
Bond Yes Yes Yes No
Options Yes Yes Yes Yes
Futures Yes Yes Yes No
CFD Yes Yes Yes No
Crypto Yes Yes Yes Yes

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#3 TradeStation Global
Web trading platform 2 stars

For trading online, you can use only Interactive Brokers' web trading platform. It is good for execution and has very advanced order management. It is not user-friendly and standard functions are missing or underdeveloped.
Pros
  • Clear fee report
  • Good variety of order types
Cons
  • Not user-friendly
  • Poor search function
  • Difficult to set the alerts
Best discount brokers - TradeStation Global trading platform
TradeStation Global trading platforms
Degiro Interactive Brokers TradeStation Global Robinhood
Web platform score 4 stars 4 stars 2 stars 5 stars
Mobile platform score 4 stars 4 stars 4 stars 5 stars
Desktop platform score - 3 stars 3 stars -

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#3 TradeStation Global
Verdict

TradeStation Global has low trading fees and financing rate, a lot of products on a lot of markets, and a great customer support. The TradeStation Global desktop platform has great tools, like a charting tool with a lot of indicators, a highly customizable watchlist (Radar Screen), and visualized order placing (Matrix).

On the other hand, the deposit and withdrawal are not user-friendly and you can use only bank transfer. The account opening is complicated and there is a $1,000 minimum account balance. Lastly, the web trading platform is under-developed and not user-friendly. 

Feel free to try TradeStation if you prefer low fees and a lot of products. 

TradeStation Global
Summary TradeStation Global is a discount broker for EU clients. It is regulated by the top-tier FCA.
Fees score 4 stars
Recommended for Traders looking for low fees and a lot of products

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#4 Best discount broker
Robinhood

4.1 4 stars

Best for beginners

Robinhood logo

Robinhood is a US zero-fee or discount broker established in 2013. If you don't know what discount broker means, read this overview about the best discount brokers in 2018.

Robinhood is considered safe because it is supervised by FINRA, the US regulator and provides a maximum of $500,000 investor protection including a $250,000 limit for cash.

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

Pros
  • Commission-free US stock trading
  • Great mobile and web trading platforms
  • Fast and fully digital account opening
Cons
  • Available only for US and Australian clients
  • Weak customer support
  • Limited product portfolio

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#4 Robinhood
Fees 4 stars

US stock trading is free at Robinhood. There are no inactivity fee and withdrawal fees. On the flip side, Robinhood has really high commission for non-US stocks.
Pros
  • No withdrawal fee
  • No inactivity fee
  • Commission-free US stock trading
Cons
  • High financing rate
  • High trading fees of non-US stocks
Robinhood fees
Degiro Interactive Brokers TradeStation Global Robinhood
Apple benchmark fee $1.4 $2.2 $3.2 $0.0
Vodafone benchmark fee $5.2 $17.9 $2.7 $100.0
EURUSD benchmark fee - $23.0 $23.0 -
Robinhood fees for stock trading
Degiro Interactive Brokers TradeStation Global Robinhood
USA $0.004 per share + €0.5 $0.005 per share, min $1, max 0.5% of trade value $0.007 per share, min $1.5 Free
Germany 0.058% + €4, max €60 0.1%, min €4, max €99 0.12%, min €1.8 $50 per trade
UK 0.022% + £4, max £5 £6 up to £50,000 Trade Value; £6 + 0.05% of incremental trade value > £50,000; max £29 for > £50,000 Trade Value 0.12%, min £1.5 $50 per trade
Robinhood non-trading fees
Degiro Interactive Brokers TradeStation Global Robinhood
Account fee No No No No
Inactivity fee No Yes Yes No
Withdrawal fee $0 $0 $0 $0

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#4 Robinhood
Account opening 5 stars

Robinhood account opening is seamless and fully digital. Your account will be opened within a day. On the flip side, the account opening is only available for US and Australian clients.
Pros
  • Fast
  • Fully digital
  • No minimum deposit
  • User-friendly
Cons
  • It is only availalbe for the US and the Australian clients
Robinhood minimum deposit and time to open an account
Degiro Interactive Brokers TradeStation Global Robinhood
Minimum deposit $0 $0 $1,000 $0
Time to open account 1 day 1-3 days 1-3 days 1 day

More Visit broker

#4 Robinhood
Deposit and withdrawal 3 stars

Robinhood deposit and withdrawal are very easy and user-friendly. On the flip side, you can only use bank transfer.
Pros
  • No deposit fee
  • User-friendly
  • Instant deposit up to $1,000 per week
Cons
  • Credit/Debit card not available
  • Lengthy deposit if you don't use the instant deposit
Robinhood withdrawal fee and options
Degiro Interactive Brokers TradeStation Global Robinhood
Bank Transfer Yes Yes Yes Yes
Credit/Debit card No No No No
Electronic wallets No No No No
Withdrawal fee $0 $0 $0 $0

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#4 Robinhood
Markets and products 1 stars

Robinhood's product portfolio is limited. It offers only stocks, ETFs, options, and cryptos. Furthermore, these assets are mainly limited to the US markets.
Robinhood markets and products
Degiro Interactive Brokers TradeStation Global Robinhood
Stock Yes Yes Yes Yes
ETF Yes Yes Yes Yes
Forex No Yes Yes No
Fund Yes Yes Yes No
Bond Yes Yes Yes No
Options Yes Yes Yes Yes
Futures Yes Yes Yes No
CFD Yes Yes Yes No
Crypto Yes Yes Yes Yes

More Visit broker

#4 Robinhood
Web trading platform 5 stars

Robinhood provides a well-designed and user-friendly web trading platform.
Pros
  • User-friendly
  • Clear fee report
  • Modern design
Cons
  • Customizability is missing
Best discount brokers - Robinhood trading platform
Robinhood trading platforms
Degiro Interactive Brokers TradeStation Global Robinhood
Web platform score 4 stars 4 stars 2 stars 5 stars
Mobile platform score 4 stars 4 stars 4 stars 5 stars
Desktop platform score - 3 stars 3 stars -

More Visit broker

#4 Robinhood
Verdict

Robinhood fees are great. US stocks trading is commission-free, and there is no withdrawal or inactivity fee. Robinhood has awesome, user-friendly mobile and web trading platforms. The account opening is easy, fully digital, and fast.

Robinhood has some drawbacks though. It is available only for US and Australian clients. The customer support is poor, you can only reach them via e-mail and it takes time to get an answer. Most products you can trade with are just from the US market. 

If you want to trade with US stocks for free and prefer an easy-to-use platform, Robinhood is the best choice. 

Robinhood
Summary Robinhood is a US-based zero commission broker. It is regulated by FINRA, the top-tier US regulator.
Fees score 4 stars
Recommended for Beginners and buy and hold investors focusing on the US stock market

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Best discount brokers
What makes a good discount broker?

Now you know the top three discount brokers. You are probably curious about how we came up with this list. Let's go over three points: 

  1. What is a discount broker?
  2. Why do we think these brokers are safe?
  3. What are the most important factors when selecting the best discount brokers?

What is a discount broker?

A discount broker is a brokerage company that executes your buy and sell orders at a low trading fee. Discount brokers' fees can be lower since they don't provide extra services like research, personal investment advice, tax planning or robo-advisory as the full-service brokers.

Discount brokers were appearing with the internet and the online broker services. Brokerage companies started to provide their service online and fully automatized. This was the rise of online trading platforms. An online trading platform is basically a website, where you can insert your own orders and you get only a customer support, no investment advice. 

The distance between the full-service brokers and discount brokers has been narrowing in the last years. Discount brokers started to provide extra services as well, like research, while full-service brokers started to lower their fees. The full brokerage and wealth management industry is under fee pressure thanks to the more and more cost-effective online broker companies.

Nowadays, the new discount brokers are the free-trade brokers. These provide commission-free trading and charge an extra fee for ancillary services, like after hour trading. The biggest free-trade online broker in the US is Robinhood. In the UK, Freetrade launched its trading app in 2018. Stay tuned, we will come out with the Freetrade broker reviews soon.

Are these brokers safe?

Yes, all three are considered safe. You can be sure none of them is a scam. They are regulated by top-tier regulators. Interactive Brokers is also listed on an exchange.

However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of a broker bankruptcy, you are safe.

If everything goes very bad and for example, the broker steals your assets, then you have a last resort, the compensation fund of the country where the broker is regulated. 

How did Brokerchooser pick the best discount brokers?

At Brokerchooser we test online brokers along ~100 criteria, with a real account and real money. Not to overwhelm you we list the most important criteria.

The primary selection criteria were fees. We concentrated on stock trading fees and also checked the financing rate, in case you want to trade with a leverage. No inactivity fee was a plus. 

The 5 most important criteria for discount brokers are:

5 most important criteria for the best discount brokers in 2019
1. Fees: Discount brokers' main advantage is the low cost. However, even discount brokers have significant fee differences. Worth to check the fees.
2. Deposit and withdrawal:  Transferring money to your account can be 5 times longer and more expensive at one discount broker compared to another.
3. Account opening: Some online brokers require at least $10,000 to invest, others don't set a minimal first-time deposit. Check out what the best discount brokers require.
4. Products and markets: You want to invest in Amazon and Bitcoin? They might not be available. Check the product coverage before opening an account.
5. Trading platform: A user-friendly and well-equipped trading platform can significantly increase your trading comfort.

Best discount brokers
Bottom line

You saw the details, now let's zoom out. Here are the best discount brokers in 2019:

Best discount brokers in 2019
Degiro Interactive Brokers TradeStation Global Robinhood
Award Best discount broker Best online broker Best for beginners
Fees score 5 stars 4 stars 4 stars 4 stars
Account opening score 5 stars 3 stars 2 stars 5 stars
Deposit and withdrawal score 3 stars 2 stars 2 stars 3 stars
Markets and products score 3 stars 5 stars 5 stars 1 stars
Web platform score 4 stars 4 stars 2 stars 5 stars
Visit broker Visit broker Visit broker Visit broker

Degiro is our winner, the best discount broker in 2019. Next is Interactive Brokers, also with superb fees. IB is also the best online broker overall. TradeStation Global is almost like Interactive Brokers, but you can use TradeStations platform. Robinhood is placed number four. It is only for US and Australian customers. Has zero commission for US stocks and options, but costs a lot for European stocks.

All three are considered safe, and a great choice. Pick the winner, or any runner-up and take save a lot of money on fees. Let us know what you think in the comment section.

Still unsure? Use the broker finder and find the best broker for you.

AUTHOR

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager
Follow Brokerchooser on Twitter

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