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Best ETF brokers in 2023

Interactive Brokers Logo
1st place
Interactive Brokers
TD Ameritrade Logo
2nd place
TD Ameritrade
Charles Schwab Logo
3rd place
Charles Schwab

Top 5 ETF brokers in 2023


  1. Interactive Brokers - the best ETF broker in 2023. Low trading fees. Wide range of products. Many great research tools.
  2. TD Ameritrade - Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
  3. Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
  4. Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
  5. Webull - Free stock, ETF and options trading. Fast and easy account opening. Great trading platforms.

How did BrokerChooser select the best brokers for trading ETFs?


  • We checked stock and ETF fees at more than 100 brokers
  • Compared the ETF selection and access to stock exchanges
  • Looked at the overall profile of the brokers (other products, trading platforms, account opening process)
  • Checked that the brokers are overseen by at least one rock solid regulator
  • Opened an account and tested the brokers' services 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 ETF brokers in 2023
Overview of the best ETF brokers

While many ETF brokerages offer an excellent service, the ones in our toplist go the extra mile.

Best ETF brokers key data compiled for December 2022
Interactive Brokers TD Ameritrade Charles Schwab Merrill Edge Webull
ETFs 13,000 2,300 2,300 2,300 2,300
Stock markets 83 4 4 4 5
Stock and ETF fee scores 4.7 stars 5.0 stars 5.0 stars 5.0 stars 5.0 stars
Account opening score 3.2 stars 4.0 stars 4.6 stars 5.0 stars 5.0 stars
Customer service score 4.3 stars 5.0 stars 5.0 stars 4.0 stars 3.3 stars

Best ETF brokers in 2023
ETF trading fees at the best ETF brokers

In most cases, the key broker selection criteria is how much you have to pay for an EFT trade. It is not easy to compare trading fees for ETF trading. So what we do at BrokerChooser is that we compare brokers by calculating all the fees of a typical trade (buying ETF shares for $2,000, holding them for a week and then selling). You can see the results for the best ETF brokerages in the table below.

Stock and ETF trading fees at the best ETF brokers in December 2022
Interactive Brokers TD Ameritrade Charles Schwab Merrill Edge Webull
US ETF $1.0 $0.0 $0.0 $0.0 $0.0
UK ETF $3.4 - - - -

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

Best ETF brokers in 2023
Other fees at the best ETF brokers

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.

Interactive Brokers TD Ameritrade Charles Schwab Merrill Edge Webull
Account fee No No No No No
Withdrawal fee $0 $0 $0 $0 $0
Inactivity fee No No No No No

Best ETF brokers in 2023
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And now, let's see the top ETF brokers one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best brokers for ETFs
Interactive Brokers

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

Visit broker

Interactive Brokers snapshot
Overall score 4.9 stars
Broker intro International broker providing all asset classes
ETFs 13,000
Minimum deposit $0
Trading platform score 3.6 stars
Deposit and withdrawal score 3.0 stars
Read review For a detailed analysis of Interactive Brokers services, check out our review for 2023
TD Ameritrade Logo

#2 Best brokers for ETFs
TD Ameritrade

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

Visit broker

TD Ameritrade snapshot
Overall score 4.9 stars
Broker intro US-based stockbroker
ETFs 2,300
Minimum deposit $0
Trading platform score 4.6 stars
Deposit and withdrawal score 2.2 stars
Read review For a detailed analysis of TD Ameritrade services, check out our review for 2023
Charles Schwab Logo

#3 Best brokers for ETFs
Charles Schwab

Recommended for investors and traders looking for solid research, low fees and great customer service

Visit broker

Charles Schwab snapshot
Overall score 4.8 stars
Broker intro US discount broker
ETFs 2,300
Minimum deposit $0
Trading platform score 4.1 stars
Deposit and withdrawal score 2.2 stars
Read review For a detailed analysis of Charles Schwab services, check out our review for 2023
Merrill Edge Logo

#4 Best brokers for ETFs
Merrill Edge

Recommended for investors and traders looking for low fees, quick account opening and simple platforms

Visit broker

Merrill Edge snapshot
Overall score 4.8 stars
Broker intro US discount broker
ETFs 2,300
Minimum deposit $0
Trading platform score 4.5 stars
Deposit and withdrawal score 2.2 stars
Read review For a detailed analysis of Merrill Edge services, check out our review for 2023
Webull Logo

#5 Best brokers for ETFs
Webull

Recommended for investors and traders looking for zero-commission trading and easy platforms

Visit broker

Webull snapshot
Overall score 4.8 stars
Broker intro US discount broker
ETFs 2,300
Minimum deposit $0
Trading platform score 5.0 stars
Deposit and withdrawal score 1.9 stars
Read review For a detailed analysis of Webull services, check out our review for 2023

Best ETF brokers in 2023
FAQ

Which is the best broker for ETF?

The best broker for ETF trading based on our current ranking is Interactive Brokers. Other top ETF brokerages on our list are TD Ameritrade and Charles Schwab.

Do you need a broker to buy ETFs?

Yes, you will need a brokerage account to buy securities like exchange-traded funds (ETFs). This can usually be done online, and most brokers don't require a minimum amount for account opening. You can buy and sell ETFs when the stock markets are open, in regular trading hours.

Save yourself hours of research and check out our broker finder tool to find the best broker for you.

Want to understand ETF trading in more detail?

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

Author of this article

Gyula Lencsés, CFA

Author of this article

Gyula Lencsés, CFA has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has a trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Gyula Lencsés, CFA

Head of content

Gyula Lencsés, CFA has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has a trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

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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