Intro and winners
Find below the pros of best online brokers available in the United States, updated for 2023:
- Interactive Brokers is the best online broker in 2023. - Low trading fees and high interest (up to 4.83% for USD) on cash balances. Wide range of products. Many great research tools.
- eToro - Free stock and ETF trading. Seamless account opening. Social trading.
- TD Ameritrade - Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
- Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
- Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
- Webull - Free stock/ETF trading and high 5% interest on uninvested cash. Fast and easy account opening. Great trading platforms.
- J.P. Morgan Self-Directed Investing - Commission-free US stocks, ETFs, funds and bonds. Fast and fully digital account opening. Well-established parent company.
- Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
- Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
- moomoo - Commission-free stock and ETF trading. Fast and easy account opening. Quality analytical tools and excellent education services.
- Intro and winners
- Best online brokers' key info overview
- Trading fees
- Other fees at best online brokers
- Can I trust these online brokers?
- Our assessment of best online brokers in 2023
- Interactive Brokers
- eToro
- TD Ameritrade
- Merrill Edge
- Charles Schwab
- Webull
- J.P. Morgan Self-Directed Investing
- Fidelity
- Alpaca Trading
- moomoo
- Didn't find the best broker for you?
- How did we select the best online brokers in 2023?
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 | 4.9 /5 |
| TD Ameritrade | US-based stockbroker | 4.8 /5 |
| Merrill Edge | US discount broker | 4.8 /5 |
| Charles Schwab | US discount broker | 4.8 /5 |
| Webull | US discount broker | 4.8 /5 |
| J.P. Morgan Self-Directed Investing | US-based discount broker | 4.8 /5 |
| Fidelity | US stockbroker | 4.8 /5 |
| Alpaca Trading | US API broker | 4.7 /5 |
| moomoo | US zero-fee discount broker | 4.7 /5 |
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 | $3.7 |
| eToro | $0.0 | $0.0 |
| TD Ameritrade | $0.0 | - |
| Merrill Edge | $0.0 | - |
| Charles Schwab | $0.0 | - |
| Webull | $0.0 | - |
| J.P. Morgan Self-Directed Investing | $0.0 | - |
| Fidelity | $0.0 | $11.2 |
| Alpaca Trading | $0.0 | - |
| moomoo | $0.0 | - |
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 | ||
| TD Ameritrade | ||
| Merrill Edge | ||
| Charles Schwab | ||
| Webull | ||
| J.P. Morgan Self-Directed Investing | ||
| Fidelity | ||
| Alpaca Trading | ||
| moomoo |
Can I trust these online brokers?
Yes, BrokerChooser exclusively recommends legit brokers, overseen by at least one globally acknowledged regulator. We track more than 20,000 brokers and trading platforms that we don't recommend. To be sure that a broker is reputable and reliable, use Scam Broker Shield tool.
Key criteria determining a broker's trustworthiness are: regulation, availability of investor protection, as well as a long and spotless track record. Explore the interactive table below, encompassing this array of vital data.
| Broker | Top-tier regulators | Trusted broker |
|---|---|---|
| Interactive Brokers | FCA in the UK, SEC in the US, and ASIC in Australia | |
| eToro | FCA in the UK, SEC in the US, and ASIC in Australia | |
| TD Ameritrade | SEC and FINRA in the US | |
| Merrill Edge | SEC and FINRA in the US | |
| Charles Schwab | SEC and FINRA in the US | |
| Webull | SEC and FINRA in the US | |
| J.P. Morgan Self-Directed Investing | SEC and FINRA in the US | |
| Fidelity | SEC and FINRA in the US | |
| Alpaca Trading | SEC and FINRA in the US | |
| moomoo | SEC and FINRA in the US |
Our assessment of best online brokers in 2023
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 | 4.4 /5 |
| eToro | 4.9 /5 | 4.4 /5 |
| TD Ameritrade | 4.8 /5 | 4.1 /5 |
| Merrill Edge | 4.8 /5 | 4.4 /5 |
| Charles Schwab | 4.8 /5 | 4.2 /5 |
| Webull | 4.8 /5 | 4.8 /5 |
| J.P. Morgan Self-Directed Investing | 4.8 /5 | 4.9 /5 |
| Fidelity | 4.8 /5 | 3.7 /5 |
| Alpaca Trading | 4.7 /5 | 4.9 /5 |
| moomoo | 4.7 /5 | 4.9 /5 |
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 2023 in detail one by one, starting with the winner, Interactive Brokers.
Recommended for traders looking for broad market access and a professional trading environment
| 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 2023 |
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading
Visit broker
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, PayPal, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay |
| Withdrawal method | Bank transfer, Credit/debit cards, eToro Money, PayPal, 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 2023 |
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
| TD Ameritrade 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 TD Ameritrade services, check out our review for 2023 |
Recommended for investors and traders looking for low fees, quick account opening and simple platforms
| 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 2023 |
Recommended for investors and traders looking for solid research, low fees and great customer service
| 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 2023 |
Recommended for investors and traders looking for zero-commission trading and easy platforms
| 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 2023 |
Recommended for beginners and buy-and-hold investors focusing on the us stock market
| J.P. Morgan Self-Directed Investing 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 J.P. Morgan Self-Directed Investing services, check out our review for 2023 |
Recommended for investors and traders looking for solid research and great trading platforms
| 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 2023 |
Recommended for traders interested in algorithmic stock trading
| Alpaca Trading 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 Alpaca Trading services, check out our review for 2023 |
Recommended for investors and traders looking for zero-commission trading and focusing on us markets.
| 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 2023 |
Didn't find the best broker for you?
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How did we select the best online brokers in 2023?
- 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.
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
