Best online brokers in 2024

Written by
Adam N.
Fact checked by
Updated
Dec 2023
Dive into our toplist of regulated and trusted brokers that we tested with real money. Every broker is available in the United States.

Find below the strengths of the best online brokers available in the United States, updated for 2024:

  1. Interactive Brokers is the best online broker in 2024. - Low trading fees and high interest on cash balances. Wide range of products. Many great research tools.
  2. eToro - Free stock and ETF trading. Seamless account opening. Social trading.
  3. Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
  4. Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
  5. Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
  6. moomoo - Commission-free stock and ETF trading. Fast and easy account opening. Quality analytical tools and excellent education services. Pays high interest on uninvested cash.
  7. Ally Invest - Low trading and non-trading fees. Easy and fully digital account opening. Great education.
  8. Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
  9. Webull - Free stock/ETF trading and high 5% interest on uninvested cash. Fast and easy account opening. Great trading platforms.
  10. NinjaTrader - Low trading fees. Great platform and research. Quality educational materials.
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Best online brokers' key info overview

While many online broker platforms offer an excellent service, the ones in our toplist go the extra mile. These online trading platforms offer a broad range of markets and asset classes and are suitable for beginners and experienced traders alike.

Broker
Broker intro
Overall score
Interactive Brokers
International broker providing all asset classes
4.9
/5
eToro
Global social trading broker
4.8
/5
Fidelity
US stockbroker
4.7
/5
Charles Schwab
US discount broker
4.6
/5
Merrill Edge
US discount broker
4.6
/5
moomoo
US zero-fee discount broker
4.6
/5
Ally Invest
US stockbroker
4.5
/5
Oanda
US forex broker
4.5
/5
Webull
US discount broker
4.6
/5
NinjaTrader
Global platform provider focusing on futures trading
4.5
/5
Best online brokers in 2024

Popularity of the best online brokers

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

Trading fees

In most cases the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important fees for you in the table below.

Broker
US stock
UK stock
Interactive Brokers
$1.0
$3.8
eToro
$0.0
$0.0
Fidelity
$0.0
$11.3
Charles Schwab
$0.0
-
Merrill Edge
$0.0
-
moomoo
$0.0
-
Ally Invest
$0.0
-
Oanda
$0.0
-
Webull
$0.0
-
NinjaTrader
-
-
Fees at the best online brokers in December 2023
All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

Other fees at best online 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.

Broker
Account fee
Inactivity fee
Interactive Brokers
eToro
Fidelity
Charles Schwab
Merrill Edge
moomoo
Ally Invest
Oanda
Webull
NinjaTrader
Account, inactivity, and deposit/withdrawal fees at the best online brokers in December 2023

Our assessment of best online brokers in 2024

At BrokerChooser we do our best to make it easier for you to compare and select the best broker for your needs. Here is a summary of our scores in the most important aspects of these trading platforms' services.

Broker
Overall score
Fees score
Interactive Brokers
4.9
/5
4.3
/5
eToro
4.8
/5
4.0
/5
Fidelity
4.7
/5
3.5
/5
Charles Schwab
4.6
/5
3.9
/5
Merrill Edge
4.6
/5
4.2
/5
moomoo
4.6
/5
4.8
/5
Ally Invest
4.5
/5
4.3
/5
Oanda
4.5
/5
4.1
/5
Webull
4.6
/5
4.6
/5
NinjaTrader
4.5
/5
4.3
/5
Score summary of best online brokers 2024

If you are unsure how brokerage fees are charged, check out this article on the various fees, charges and costs.

And now, let's see the top online brokers for 2024 in detail one by one, starting with the winner, Interactive Brokers.

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

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Interactive Brokers snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1-3 days
Inactivity fee No
Read review For a detailed analysis of Interactive Brokers 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

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

eToro snapshot
Minimum deposit $10
Fees class Low
Deposit method Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay
Withdrawal method Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay
Withdrawal fee $5
Time to open account 1 day
Inactivity fee Yes
Read review For a detailed analysis of eToro services, check out our review for 2024

Recommended for investors and traders looking for solid research and great trading platforms

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Fidelity snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer, PayPal, Venmo, Apple Pay
Withdrawal method Bank transfer, PayPal, Venmo, Apple Pay
Withdrawal fee $0
Time to open account 1-3 days
Inactivity fee No
Read review For a detailed analysis of Fidelity services, check out our review for 2024

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

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Charles Schwab snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Charles Schwab services, check out our review for 2024

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

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Merrill Edge snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Merrill Edge services, check out our review for 2024

Recommended for investors and traders looking for zero-commission trading and focusing on US markets

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moomoo snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1-3 days
Inactivity fee No
Read review For a detailed analysis of moomoo services, check out our review for 2024

Recommended for investors and traders looking for low fees and focusing on the US market

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Ally Invest snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1-3 days
Inactivity fee No
Read review For a detailed analysis of Ally Invest services, check out our review for 2024

Recommended for forex traders who value a user-friendly platform and great research tools

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78.3% of retail CFD accounts lose money

Oanda snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller
Withdrawal method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller
Withdrawal fee $0
Time to open account 1-3 days
Inactivity fee Yes
Read review For a detailed analysis of Oanda services, check out our review for 2024

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

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Webull snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Webull services, check out our review for 2024

Recommended for active traders focusing on futures

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NinjaTrader snapshot
Minimum deposit $0
Fees class Low
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account >3 days
Inactivity fee Yes
Read review For a detailed analysis of NinjaTrader services, check out our review for 2024

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How did we select the best online brokers in 2024?

  • We checked whether the broker is regulated by a trusted regulator,
  • Compared fees (including spreads, withdrawal fee, commission),
  • We checked and compared every aspect of their services,
  • Opened an account and tested the platform (charting, features, usability) with real money.
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Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

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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