Best online brokers in 2023

Written by
Adam N.
Fact checked by
Updated
2w ago
Dive into our top list of regulated and trusted brokers that we tested with real money. Every broker is available in the United States.

Find below the pros of best online brokers available in the United States, updated for 2023:

  1. 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.
  2. eToro - Free stock and ETF trading. Seamless account opening. Social trading.
  3. TD Ameritrade - Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
  4. Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
  5. Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
  6. Webull - Free stock/ETF trading and high 5% interest on uninvested cash. Fast and easy account opening. Great trading platforms.
  7. J.P. Morgan Self-Directed Investing - Commission-free US stocks, ETFs, funds and bonds. Fast and fully digital account opening. Well-established parent company.
  8. Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
  9. Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.
  10. moomoo - Commission-free stock and ETF trading. Fast and easy account opening. Quality analytical tools and excellent education services.
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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
4.9
/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
Best online brokers in 2023

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
-
Fees at the best online brokers in November 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
TD Ameritrade
Merrill Edge
Charles Schwab
Webull
J.P. Morgan Self-Directed Investing
Fidelity
Alpaca Trading
moomoo
Account, inactivity, and deposit/withdrawal fees at the best online brokers in November 2023

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
Trust metrics for the best online brokers in 2023
We label a broker as trusted if it has reliable regulation.

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
Score summary of best online brokers 2023

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

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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 2023

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, 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

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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

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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 2023

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 2023

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 2023

Recommended for beginners and buy-and-hold investors focusing on the us stock market

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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

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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 2023

Recommended for traders interested in algorithmic stock trading

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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.

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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 2023

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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.
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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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