Intro and winners
Top 5 ETF brokers for Europeans in 2023
- Interactive Brokers - the best ETF broker for Europeans in 2023. Low trading fees. Wide range of products. Many great research tools.
- TD Ameritrade - Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
- Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
- Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
- 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 for Europeans?
- 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
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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.
| Broker | ETFs | Stock markets | Minimum deposit | Account activated in |
|---|---|---|---|---|
| Interactive Brokers | 13,000 | 83 | $0 | 1-3 days |
| TD Ameritrade | 2,300 | 4 | $0 | 1-3 days |
| Charles Schwab | 2,300 | 4 | $0 | 1 day |
| Merrill Edge | 2,300 | 4 | $0 | 1 day |
| Webull | 2,300 | 5 | $0 | 1 day |
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.
| 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.
#1 Best brokers for ETFs
Interactive Brokers
Recommended for traders looking for broad market access and a professional trading environment
| 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 |
#2 Best brokers for ETFs
TD Ameritrade
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
| 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 |
#3 Best brokers for ETFs
Charles Schwab
Recommended for investors and traders looking for solid research, low fees and great customer service
| 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 |
#4 Best brokers for ETFs
Merrill Edge
Recommended for investors and traders looking for low fees, quick account opening and simple platforms
| 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 |
#5 Best brokers for ETFs
Webull
Recommended for investors and traders looking for zero-commission trading and easy platforms
| 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.
Check out these articles written by our broker and trading experts:
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