Intro and winners
Find below the strengths of the best online brokers available, updated for 2025:
- Interactive Brokers is the best online broker in 2025 - Extremely low fees. Wide range of products. Many great research tools.
- Saxo - Great trading platform. Outstanding research. Broad product portfolio.
- eToro - Low stock and ETF fees. Seamless account opening. Social trading.
- XTB - Commission-free stocks and ETFs (for trades up to €100k per month). Free and fast deposit and withdrawal. Easy and fast account opening.
- Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
- DEGIRO - One of the lowest fees on the market. Regulated by top-tier authorities. Easy-to-use web and mobile platform.
- Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
- Lightyear - Commission-free ETF and low commission on stock trades. High interest on uninvested cash. Quick account opening.
- Ally Invest - Low trading and non-trading fees. Easy and fully digital account opening. Great education.
- Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
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 |
| Saxo | Danish investment bank | 4.8 /5 |
| eToro | Global social trading broker | 4.7 /5 |
| XTB | Global CFD broker | 4.7 /5 |
| Charles Schwab | US discount broker | 4.6 /5 |
| DEGIRO | German-Dutch discount broker | 4.6 /5 |
| Fidelity | US stockbroker | 4.5 /5 |
| Lightyear | UK/EU-based stockbroker | 4.6 /5 |
| Ally Invest | US stockbroker | 4.5 /5 |
| Merrill Edge | US discount broker | 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 |
| Saxo | $1.6 | $3.8 |
| eToro | $0.0 | $0.0 |
| XTB | $0.0 | $0.0 |
| Charles Schwab | $0.0 | - |
| DEGIRO | $2.1 | $3.5 |
| Fidelity | $0.0 | $11.3 |
| Lightyear | $1.0 | $1.3 |
| Ally Invest | $0.0 | - |
| Merrill Edge | $0.0 | - |
Other fees
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 | ||
| Saxo | ||
| eToro | ||
| XTB | ||
| Charles Schwab | ||
| DEGIRO | ||
| Fidelity | ||
| Lightyear | ||
| Ally Invest | ||
| Merrill Edge |
Our assessment of the best online brokers in 2025
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 |
| Saxo | 4.8 /5 | 3.1 /5 |
| eToro | 4.7 /5 | 4.1 /5 |
| XTB | 4.7 /5 | 4.3 /5 |
| Charles Schwab | 4.6 /5 | 3.8 /5 |
| DEGIRO | 4.6 /5 | 4.4 /5 |
| Fidelity | 4.5 /5 | 3.4 /5 |
| Lightyear | 4.6 /5 | 4.8 /5 |
| Ally Invest | 4.5 /5 | 4.2 /5 |
| Merrill Edge | 4.5 /5 | 4.3 /5 |
If you are unsure how brokerage fees are charged, check out our article on the various fees, charges and costs.
And now, let's see the top online brokers for 2025 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 2025 |
Recommended for investors and traders looking for a great trading platform and solid research
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62% of retail CFD accounts lose money
| Saxo snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Average |
| Deposit method | Bank transfer, Credit/debit cards |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of Saxo services, check out our review for 2025 |
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and stock trading with low fees
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eToro securities trading offered by eToro USA Securities Inc, member of FINRA & SIPC. Investing involves risk.
| eToro snapshot | |
|---|---|
| Minimum deposit | $100 |
| 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 2025 |
Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal service
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76% of retail CFD accounts lose money
| XTB snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| Deposit method | Bank transfer, Credit/debit cards, Paysafe, Skrill, ecommpay, PayU, PayPal |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of XTB services, check out our review for 2025 |
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 2025 |
Recommended for traders and investors looking for execution only
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Investing involves risks
| DEGIRO 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 DEGIRO services, check out our review for 2025 |
Recommended for investors and traders looking for solid research and great trading platforms
| Fidelity snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Average |
| 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 2025 |
Recommended for investors and beginners looking for high interest rates on cash, a simple but great mobile platform, and low fees
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Capital at risk
| Lightyear snapshot | |
|---|---|
| Minimum deposit | $0 |
| Fees class | Low |
| Deposit method | Bank transfer, Credit/debit cards, Apple Pay, Google Pay, iDeal |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Time to open account | 1 day |
| Inactivity fee | No |
| Read review | For a detailed analysis of Lightyear services, check out our review for 2025 |
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 2025 |
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 2025 |
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How did we select the best online brokers in 2025?
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
Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
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.
