Intro and winners
Top online brokers for long-term investing in the United States in 2023
- Interactive Brokers - the best broker for buy-and-hold investors in 2023. Low trading fees. Wide range of products. Many great research tools.
- Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
- Ally Invest - Low trading and non-trading fees. Easy and fully digital account opening. Great education.
- TD Ameritrade - Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
- E*TRADE - Low trading fees (free stock and ETF trading). User-friendly mobile trading platform. Great research tools.
How did BrokerChooser pick the best online brokers for long-term investing in 2023?
- We checked whether the broker is overseen by a trusted regulator
- We examined the selection of assets favored by long-term investors (i.e. bonds, stocks, funds)
- We looked at long-term product fees
- 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. This includes collecting more than 500 data points for each broker. Now let's jump straight to the results.
Best online brokers for long-term investing in 2023
Key features of the top brokers for long-term investing
The best brokerage accounts for long-term investing need to meet sets of criteria. We picked the most relevant we deemed important for buy-and-hold investors.
| Broker | Stock fee class | Bond fee class | Inactivity fee | Custody fee | Minimum deposit |
|---|---|---|---|---|---|
| Interactive Brokers | Low | Low | No | No | $0 |
| Charles Schwab | Low | Low | No | No | $0 |
| Ally Invest | Low | Low | No | No | $0 |
| TD Ameritrade | Low | Low | No | No | $0 |
| E*TRADE | Low | Low | No | No | $0 |
Best online brokers for long-term investing in 2023
Fees and products
Trading fees at the best brokers for long-term investing
See how much you would have to pay in commissions and other charges if you invested $2,000 in one of these asset classes.
| Interactive Brokers | Charles Schwab | Ally Invest | TD Ameritrade | E*TRADE | |
|---|---|---|---|---|---|
| US stock | $1.0 | $0.0 | $0.0 | $0.0 | $0.0 |
| UK stock | $3.4 | - | - | - | - |
| Mutual fund | $15.0 | $25.0 | $10.0 | $50.0 | $20.0 |
All commissions are for a $2,000 trade.
Non-trading fees at the best brokers for long-term investing
| Interactive Brokers | Charles Schwab | Ally Invest | TD Ameritrade | E*TRADE | |
|---|---|---|---|---|---|
| Account fee | No | No | No | No | No |
| Inactivity fee | No | No | No | No | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Product selection at the best brokers for long-term investing
| Interactive Brokers | Charles Schwab | Ally Invest | TD Ameritrade | E*TRADE | |
|---|---|---|---|---|---|
| Stock markets (#) | 83 | 4 | 5 | 4 | 5 |
| ETFs (#) | 13,000 | 2,300 | 2,300 | 2,300 | 2,800 |
| Fund providers (#) | 400 | 600 | 600 | 740 | 600 |
| Bonds (#) | 38,321 | 60,000 | 221,000 | 40,000 | 88,000 |
| Crypto | Yes | Yes | No | Yes | Yes |
Best online brokers for long-term investing in 2023
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And now, let's see in detail the best online brokers for long-term investing in 2023, one by one.
#1 Best online broker for investors
Interactive Brokers
Recommended for traders looking for broad market access and a professional trading environment
| Interactive Brokers snapshot | |
|---|---|
| Overall score | 4.9 stars |
| US stock fee | $1.0 |
| Stock markets (#) | 83 |
| Fund providers (#) | 400 |
| Inactivity fee | No |
| Minimum deposit | $0 |
| Deposit methods | Bank transfer |
| Research score | 4.3 stars |
| Read review | For a detailed analysis of Interactive Brokers, check out our review for 2023 |
#2 Best online broker for investors
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 |
| US stock fee | $0.0 |
| Stock markets (#) | 4 |
| Fund providers (#) | 600 |
| Inactivity fee | No |
| Minimum deposit | $0 |
| Deposit methods | Bank transfer |
| Research score | 4.3 stars |
| Read review | For a detailed analysis of Charles Schwab, check out our review for 2023 |
#3 Best online broker for investors
Ally Invest
Recommended for investors and traders looking for low fees and focusing on the us market
| Ally Invest snapshot | |
|---|---|
| Overall score | 4.7 stars |
| US stock fee | $0.0 |
| Stock markets (#) | 5 |
| Fund providers (#) | 600 |
| Inactivity fee | No |
| Minimum deposit | $0 |
| Deposit methods | Bank transfer |
| Research score | 4.8 stars |
| Read review | For a detailed analysis of Ally Invest, check out our review for 2023 |
#4 Best online broker for investors
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 |
| US stock fee | $0.0 |
| Stock markets (#) | 4 |
| Fund providers (#) | 740 |
| Inactivity fee | No |
| Minimum deposit | $0 |
| Deposit methods | Bank transfer |
| Research score | 5.0 stars |
| Read review | For a detailed analysis of TD Ameritrade, check out our review for 2023 |
#5 Best online broker for investors
E*TRADE
Recommended for investors and traders looking for solid research and a great mobile trading platform
| E*TRADE snapshot | |
|---|---|
| Overall score | 4.7 stars |
| US stock fee | $0.0 |
| Stock markets (#) | 5 |
| Fund providers (#) | 600 |
| Inactivity fee | No |
| Minimum deposit | $0 |
| Deposit methods | Bank transfer |
| Research score | 4.8 stars |
| Read review | For a detailed analysis of E*TRADE, check out our review for 2023 |
Best online brokers for long-term investing in 2023
Further reading for long-term investors
Best online brokers for long-term investing in 2023
FAQ
Which broker is best for beginners?
If you're considering long-term investments and are just starting your investment journey, you should pick a broker that, in addition to low fees, offers an easy-to-use mobile trading platform and good educational materials. A free demo account is also handy if you want to practice trading with virtual money first. To make your choice easier, we collected the best brokers for beginners.
Which is the best platform for stock trading?
When deciding where to buy stocks, you should look for low stock commissions, low inactivity and withdrawal fees, and smooth deposit and withdrawal functions. Here's our list of the best online stock brokers.
What is the safest trading platform?
There are many aspects to safety, but perhaps the most important is for the broker to be regulated by a top-tier financial authority, such as the Securities and Exchange Commission (SEC) in the US, the Financial Conduct Authority (FCA) in the UK, or one of a handful of similar regulators worldwide. We at BrokerChooser only recommend brokers where a majority of clients belong to an entity overseen by a top-tier regulator.
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