Intro and winners
Find below the strengths of the best online brokers available in the United States, updated for 2024:
- 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.
- eToro - Free stock and ETF trading. Seamless account opening. Social trading.
- Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
- 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.
- 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.
- Ally Invest - Low trading and non-trading fees. Easy and fully digital account opening. Great education.
- Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
- Webull - Free stock/ETF trading and high 5% interest on uninvested cash. Fast and easy account opening. Great trading platforms.
- NinjaTrader - Low trading fees. Great platform and research. Quality educational materials.
- Intro and winners
- Best online brokers' key info overview
- Trading fees
- Other fees at best online brokers
- Our assessment of best online brokers in 2024
- Interactive Brokers
- eToro
- Fidelity
- Charles Schwab
- Merrill Edge
- moomoo
- Ally Invest
- Oanda
- Webull
- NinjaTrader
- Didn't find the best broker for you?
- How did we select the best online brokers in 2024?
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 |
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 | - | - |
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 |
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 |
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
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
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
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
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
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
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
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
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.
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.