Best stock brokers in the US for 2020

Interactive Brokers
4.9
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Fidelity
4.9
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TD Ameritrade
4.8
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Best stock brokers in the US for 2020

To help you to find the best stock broker in the US, we went ahead and did the research for you. First, we selected more than 57 quality stock brokers, then we checked and compared their fees, market and product coverage, trading platform and more. We went deep, so you won't have to.

5 made it to the top in the US. We highly recommend all 5 to you. And now, without further ado...

Our top 5 picks for the best stock brokers of 2020 for citizens in the US:

  1. Interactive Brokers is the winner. Wide range of products. Many great research tools. Regulated by several authorities.
  2. Fidelity in the second place. Solid research tools. Great web trading platform. US and international stocks.
  3. TD Ameritrade rounded out the top three. Low trading fees (free stock and ETF trading) . Superb desktop trading platform. Great customer support.
  4. Charles Schwab, numero quatro. Free stock and ETF trading. Outstanding research. Great customer service.
  5. E-Trade. Low trading fees (free stock and ETF trading). User-friendly mobile trading platform. Great research tools. Just made it to the list with being number five.
Best stock brokers of 2020 in the US
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.9 Best online broker
#2 Fidelity US stockbroker 4.9 Best broker for bonds
#3 TD Ameritrade US-based stockbroker 4.8 Best desktop trading platform
#4 Charles Schwab US discount broker 4.8
#5 E-Trade US stockbroker 4.8

What makes a good stock broker? First, they need to offer fair fees. They should also offer access to a lot of markets and need to have a great platform. Easy to list, but hard to figure it out. We are testing brokers along ~100 criteria with real accounts and real money. We know what's up.

Not sure which broker? For a tailored recommendation, check out the broker finder tool. You can enter your country and it will show only the relevant brokers. Want more details? Compare brokers with this detailed comparison table.

And now, let's see the best stock brokers in the US one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best stock broker
Interactive Brokers

4.9

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, the broker is considered safe. Also, having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Wide range of products Extremely complex desktop trading platform
Many great research tools Complicated account opening process
Regulated by several authorities Funding and withdrawal only via bank transfer

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#1 Interactive Brokers
Stock trading fees

Interactive Brokers stock trading fees are low.

It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.

A typical trade means that you buy and sell the shares for $2,000.

This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.

Here is the verdict:

Interactive Brokers stock trading app fees
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
US stock $1.0 $0.0 $0.0 $0.0 $0.0
UK stock $7.2 $10.8 - - -

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

Want to check the pricing by yourself? Here you go:

Interactive Brokers stock trading commission
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
US stock $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading

Non-trading fees

Interactive Brokers has average non-trading fees.

Interactive Brokers non-trading fees
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Account fee No No No No No
Inactivity fee Yes No No No No
Withdrawal fee $0 $0 $0 $0 $0

Feel free to check out more about brokerage fees if your want to learn more.

#1 Interactive Brokers
Account opening
3.0

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the online registration is complicated and account verification takes around 2 business days.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most accounts types Confusing messages throughout the process
Interactive Brokers minimum deposit and time to open an account
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Minimum deposit $0 $0 $0 $0 $500
Time to open account 1-3 days 1-3 days 1-3 days 1 day >3 days

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#1 Interactive Brokers
Deposit and withdrawal
3.0

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies Not user-friendly
First withdrawal each month free
Interactive Brokers withdrawal fee and options
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $0 $0 $0 $0

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#1 Interactive Brokers
Markets and products
5.0

Through Interactive Brokers you can access an extremely wide range of markets, with every product type available.
Interactive Brokers markets and products
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes No Yes No No
Fund Yes Yes Yes Yes Yes
Bond Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes No Yes Yes Yes
CFD Yes No No No No
Crypto Yes No No No No

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#1 Interactive Brokers
Web trading platform
4.0

Interactive Brokers's web platform is simple and easy to use even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best stock brokers - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Web platform score 4.0 5.0 4.0 4.0 4.0
Mobile platform score 4.0 5.0 4.0 4.0 5.0
Desktop platform score 3.0 4.0 5.0 4.0 -

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#1 Interactive Brokers
Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker for advanced traders.

On the plus side, IB has a vast range of markets and products available, with diverse research tools and low costs

There are some drawbacks though: you can only fund your account via wire transfer and the account opening process is complicated. The desktop platform is complex and hard-to-understand, especially for beginners.

If you have experience navigating complex platforms and you like transparent low-cost trading, Interactive Brokers could be a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.0
Recommended for Traders looking for low fees and a professional trading environment

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Fidelity Logo

#2 Best stock broker
Fidelity

4.9

Fidelity  US stockbroker, founded in 1946. It is regulated by top-tier regulators like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Fidelity is considered safe because it has a long track record and is regulated by top-tier regulators.

Recommended for investors and traders looking for solid research and great trading platforms

Pros Cons
Solid research tools Not fully digital account opening
Great web trading platform High mutual fund fees
US and international stocks Financing rates are high

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#2 Fidelity
Stock trading fees

Fidelity stock trading fees are low.

It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.

A typical trade means that you buy and sell the shares for $2,000.

This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.

Here is the verdict:

Fidelity stock trading app fees
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
US stock $1.0 $0.0 $0.0 $0.0 $0.0
UK stock $7.2 $10.8 - - -

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

Want to check the pricing by yourself? Here you go:

Fidelity stock trading commission
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
US stock $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading

Non-trading fees

Fidelity has low non-trading fees.

Fidelity non-trading fees
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Account fee No No No No No
Inactivity fee Yes No No No No
Withdrawal fee $0 $0 $0 $0 $0

Feel free to check out more about brokerage fees if your want to learn more.

#2 Fidelity
Account opening
3.0

Opening an account at Fidelity is easy and fast, but not fully digital. The application had to be mailed with the relevant ID's photocopy.
Pros Cons
No minimum deposit Not fully digital
Low minimum deposit
User-friendly
Fidelity minimum deposit and time to open an account
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Minimum deposit $0 $0 $0 $0 $500
Time to open account 1-3 days 1-3 days 1-3 days 1 day >3 days

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#2 Fidelity
Deposit and withdrawal
4.0

Fidelity offers an exceptionally wide range of base currencies. Credit/debit cards are not accepted and the wire withdrawals are charged.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee $10 for outgoing wire transfers
Several account base currencies
Fidelity withdrawal fee and options
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $0 $0 $0 $0

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#2 Fidelity
Markets and products
4.0

Fidelity offers a lot of asset classes, from stocks to options. There are international stocks too, not just US stocks. Forex and futures are missing.
Fidelity markets and products
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes No Yes No No
Fund Yes Yes Yes Yes Yes
Bond Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes No Yes Yes Yes
CFD Yes No No No No
Crypto Yes No No No No

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#2 Fidelity
Web trading platform
5.0

Fidelity's web platform is easy to use, has a lot of order types, and provides a two-step authentication. On the negative side, the web trading platform is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best stock brokers - Fidelity trading platform
Fidelity trading platforms
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Web platform score 4.0 5.0 4.0 4.0 4.0
Mobile platform score 4.0 5.0 4.0 4.0 5.0
Desktop platform score 3.0 4.0 5.0 4.0 -

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#2 Fidelity
Verdict

Fidelity is one of the biggest US stockbrokers regulated by top-tier regulators.

Fidelity's research is outstanding and covers many tools, including trading ideas and detailed fundamental data. The web trading platform is easy to use and offers advanced order types. The product offer covers international stock exchanges besides the US market, not common among the US brokers.

Fidelity has some drawbacks though. The account is not fully digital, fees for mutual funds are quite high, also financing rate.

As the research tools are great, the web trading platform is user-friendly, and no inactivity fee is charged, feel free to try Fidelity.

Fidelity
Summary Fidelity is a US stockbroker. It is regulated by top-tier authorities the SEC and FINRA.
Fees score 4.0
Recommended for Investors and traders looking for solid research and great trading platforms

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TD Ameritrade Logo

#3 Best stock broker
TD Ameritrade

4.8

TD Ameritrade was founded in 1978 and it is one of the biggest US-based stockbrokers. It is regulated by top-tier regulators like the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).

TD Ameritrade is considered a safe broker since it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is regulated by top-tier regulators.

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

Pros Cons
Low trading fees (free stock and ETF trading) You can trade only in the US markets
Superb desktop trading platform Slow and not fully digital account opening
Great customer support No credit/debit cards and electronic wallets for money transfer

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#3 TD Ameritrade
Stock trading fees

TD Ameritrade stock trading fees are low.

It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.

A typical trade means that you buy and sell the shares for $2,000.

This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.

Here is the verdict:

TD Ameritrade stock trading app fees
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
US stock $1.0 $0.0 $0.0 $0.0 $0.0
UK stock $7.2 $10.8 - - -

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

Want to check the pricing by yourself? Here you go:

TD Ameritrade stock trading commission
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
US stock $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading

Non-trading fees

TD Ameritrade has low non-trading fees.

TD Ameritrade non-trading fees
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Account fee No No No No No
Inactivity fee Yes No No No No
Withdrawal fee $0 $0 $0 $0 $0

Feel free to check out more about brokerage fees if your want to learn more.

#3 TD Ameritrade
Account opening
3.0

As a new client, you can change from many different account types at TD Ameritrade and as US citizen you will face no minimum deposit. Unfortunately, the process is not fully digital.
Pros Cons
No minimum deposit Not fully digital
Many account types
TD Ameritrade minimum deposit and time to open an account
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Minimum deposit $0 $0 $0 $0 $500
Time to open account 1-3 days 1-3 days 1-3 days 1 day >3 days

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#3 TD Ameritrade
Deposit and withdrawal
2.0

TD Ameritrade has user-friendly account funding and charges no deposit fees, but are several drawbacks as well. You can use only bank transfer and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly High withdrawal fee for wire transfers
TD Ameritrade withdrawal fee and options
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $0 $0 $0 $0

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#3 TD Ameritrade
Markets and products
4.0

At TD Ameritrade you can trade with a lot of asset classes, from stocks to futures and forex. We also liked the additional features like social trading and the robo-advisory service. On the other hand, the offered products cover only the U.S. market.
TD Ameritrade markets and products
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes No Yes No No
Fund Yes Yes Yes Yes Yes
Bond Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes No Yes Yes Yes
CFD Yes No No No No
Crypto Yes No No No No

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#3 TD Ameritrade
Web trading platform
4.0

TD Ameritrade offers a good web-based trading platform with a clean design. On the flip side, there is no two-step login and the platform is not customizable.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good variety of order types
Best stock brokers - TD Ameritrade trading platform
TD Ameritrade trading platforms
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Web platform score 4.0 5.0 4.0 4.0 4.0
Mobile platform score 4.0 5.0 4.0 4.0 5.0
Desktop platform score 3.0 4.0 5.0 4.0 -

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#3 TD Ameritrade
Verdict

TD Ameritrade is one of the biggest US online brokers. Reflecting the wave of introducing commission-free trading at the end of 2019, TD Ameritrade now charges no commission of stock and ETF trades.

Research and education are outstanding and covers a lot of tools. The Thinkorswim desktop trading platform is one of the best on the marketThe customer service is great, you will get relevant answers within a short time.

It has some drawbacks though. It charges high financing (margin) rates and it doesn't provide credit/debit cards and electronic wallets for money transfers. Furthermore, the product portfolio covers products only from U.S. markets. 

As there are great education tools including a demo account, feel free to try it.

TD Ameritrade
Summary TD Ameritrade is a US stockbroker, regulated by top-tier authorities the SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group.
Fees score 4.0
Recommended for Investors and traders looking for solid research and a well-equipped desktop trading platform

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Charles Schwab Logo

#4 Best stock broker
Charles Schwab

4.8

Charles Schwab was founded in 1971 and it is a US discount broker listed on the New York Stock Exchange.

It is regulated by several top-tier financial authorities, such as the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Financial Conduct Authority (FCA).

Recommended for investors and traders looking for solid research, low fees and great customer service

Pros Cons
Free stock and ETF trading High fees for some mutual funds
Outstanding research Product selection covers only the US market
Great customer service Not well-structured educational platform

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#4 Charles Schwab
Stock trading fees

Charles Schwab stock trading fees are low.

It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.

A typical trade means that you buy and sell the shares for $2,000.

This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.

Here is the verdict:

Charles Schwab stock trading app fees
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
US stock $1.0 $0.0 $0.0 $0.0 $0.0
UK stock $7.2 $10.8 - - -

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

Want to check the pricing by yourself? Here you go:

Charles Schwab stock trading commission
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
US stock $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading

Non-trading fees

Charles Schwab has low non-trading fees.

Charles Schwab non-trading fees
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Account fee No No No No No
Inactivity fee Yes No No No No
Withdrawal fee $0 $0 $0 $0 $0

Feel free to check out more about brokerage fees if your want to learn more.

#4 Charles Schwab
Account opening
5.0

Opening an account at Charles Schwab is easy, fast and fully digital. For US-clients there is no minimum deposit. If you open an account outside the US, there is a $25,000 minimum deposit.
Pros Cons
Fast For non-US clients $25,000 minimum deposit
Fully digital
No minimum deposit
Charles Schwab minimum deposit and time to open an account
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Minimum deposit $0 $0 $0 $0 $500
Time to open account 1-3 days 1-3 days 1-3 days 1 day >3 days

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#4 Charles Schwab
Deposit and withdrawal
2.0

Transferring money is easy and user-friendly at Charles Schwab and there is no deposit fee. On the flip side, you can only use bank transfer and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee High fee for wire (bank transfer) withdrawals
User-friendly
Charles Schwab withdrawal fee and options
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $0 $0 $0 $0

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#4 Charles Schwab
Markets and products
3.0

At Charles Schwab, you can trade with a lot of asset classes, from stocks to futures. Unfortunately, the product portfolio covers only US exchanges.
Charles Schwab markets and products
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes No Yes No No
Fund Yes Yes Yes Yes Yes
Bond Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes No Yes Yes Yes
CFD Yes No No No No
Crypto Yes No No No No

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#4 Charles Schwab
Web trading platform
4.0

Charles Schwab offers a good web-based trading platform with a clean design. On the flip side, there is no two-step (safer) login and the platform is not customizable.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Price alerts
Order confirmation
Best stock brokers - Charles Schwab trading platform
Charles Schwab trading platforms
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Web platform score 4.0 5.0 4.0 4.0 4.0
Mobile platform score 4.0 5.0 4.0 4.0 5.0
Desktop platform score 3.0 4.0 5.0 4.0 -

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#4 Charles Schwab
Verdict

Charles Schwab is one of the biggest discount US brokers regulated by top-tier regulators.

Reflecting the wave of introducing commission-free trading at the end of 2019, Charles Schwab charges no commission for stock and ETF tradesIts research is outstanding and covers many tools, including trading ideas and detailed fundamental data. The customer service is great, you will get relevant answers within a short time.

It has some drawbacks though. It charges high fees for some mutual funds and the product portfolio covers only US markets. Lastly, the educational platform is not well-structured. 

As the trading and non-trading fees are generally low, research tools are great and the account opening is seamless, feel free to try it.

Charles Schwab
Summary Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.
Fees score 4.0
Recommended for Investors and traders looking for solid research, low fees and great customer service

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E-Trade Logo

#5 Best stock broker
E-Trade

4.8

E-Trade is a US-based stockbroker founded in 1982. It is regulated by top-tier regulators like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

E-Trade is considered safe because it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials and is regulated by top-tier, US regulators.

Recommended for investors and traders looking for solid research and a great mobile trading platform

Pros Cons
Low trading fees (free stock and ETF trading) Only US markets covered
User-friendly mobile trading platform Slow account verification
Great research tools No forex

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#5 E-Trade
Stock trading fees

E-Trade stock trading fees are low.

It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.

A typical trade means that you buy and sell the shares for $2,000.

This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.

Here is the verdict:

E-Trade stock trading app fees
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
US stock $1.0 $0.0 $0.0 $0.0 $0.0
UK stock $7.2 $10.8 - - -

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

Want to check the pricing by yourself? Here you go:

E-Trade stock trading commission
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
US stock $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading

Non-trading fees

E-Trade has low non-trading fees.

E-Trade non-trading fees
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Account fee No No No No No
Inactivity fee Yes No No No No
Withdrawal fee $0 $0 $0 $0 $0

Feel free to check out more about brokerage fees if your want to learn more.

#5 E-Trade
Account opening
4.0

The account opening is fully digital and user-friendly for US clients. On the flip side, the account verification process was slow.
Pros Cons
Fully digital Slow
User-friendly
E-Trade minimum deposit and time to open an account
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Minimum deposit $0 $0 $0 $0 $500
Time to open account 1-3 days 1-3 days 1-3 days 1 day >3 days

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#5 E-Trade
Deposit and withdrawal
2.0

E-Trade charges no deposit fees and transferring money is user-friendly. On the flip side, you can only use bank transfer and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly $25 fee for wire transfer withdrawal
E-Trade withdrawal fee and options
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No Yes No No No
Withdrawal fee $0 $0 $0 $0 $0

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#5 E-Trade
Markets and products
3.0

At E-Trade, you can trade with a lot of asset classes, from stocks to futures. On the other hand, there is US market only and you can't trade with forex.
E-Trade markets and products
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes No Yes No No
Fund Yes Yes Yes Yes Yes
Bond Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures Yes No Yes Yes Yes
CFD Yes No No No No
Crypto Yes No No No No

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#5 E-Trade
Web trading platform
4.0

E-Trade has a great web-based user-friendly trading platform with a clear fee report. On the negative side, there is no two-step login and cannot be customized.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good search function
Best stock brokers - E-Trade trading platform
E-Trade trading platforms
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Web platform score 4.0 5.0 4.0 4.0 4.0
Mobile platform score 4.0 5.0 4.0 4.0 5.0
Desktop platform score 3.0 4.0 5.0 4.0 -

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#5 E-Trade
Verdict

E-Trade is one of the biggest US stockbrokers regulated by top-tier regulators. 

At the end of 2019, riding the commission-free trading trend in the USA E-Trade introduced zero commission on stock and ETF trades. E-Trade's research functions are high-quality and channel a lot of tools, including trading ideas, and strategy builders as well. We liked the easy handling and the personalizable features of the mobile trading platform

It has some drawbacks though. E-Trade doesn't provide credit/debit cards and electronic wallets for money transfers and the product portfolio covers only US markets. In addition, the account verification process is slow. 

As the trading fees are generally low, the research tools are great and no inactivity fee is charged, feel free to try E-Trade.

E-Trade
Summary E-Trade is a US stockbroker, regulated by top-tier authorities the SEC and FINRA. The company is listed on NASDAQ and has a banking background.
Fees score 4.0
Recommended for Investors and traders looking for solid research and a great mobile trading platform

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Best stock brokers
What makes a good stock broker

Now you know the top 5. You are probably curious about how we came up with this list. Let's go through a few points quickly. What is a stock broker? Why do we think these brokers are safe? What are the most important factors when selecting the best stock brokers?

What is a stock broker?

Thirty years ago if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like in the Wolf of Wall Street movie. They were checking the stocks' prices while holding a telephone and shouting. Everything changed after the internet appeared. Nowadays if you want to buy Apple shares, you open online an account, deposit money, and make the order through the brokers' online platform. These brokers are the online brokers. Online brokers help you buying and selling securities, like stocks. After making your order, the online broker executes it immediately. Everything is online.

Are these brokers safe?

Yes, they are considered safe. You can be sure none of them is a scam. They are regulated by top-tier regulators. Some of them are also listed on an exchange, and some have a banking background.

However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of a broker bankruptcy, you are safe.

If everything goes very bad and for example, the broker steals your assets, then you have a last resort, the compensation fund of the country where the broker is regulated.

How did BrokerChooser pick the best international stock brokers for a citizen in the US?

At BrokerChooser we test online brokers along ~100 criteria, with a real account and real money. Not to overwhelm you we list the five most important criteria.

The 5 most important criteria for stock brokers are:

5 important criteria for the best international stock brokers
1. Fees The trading fee of a typical US equity trade can be 50 times higher at one stock broker compared to another. Worth to check the fees.
2. Account opening Some stock brokers require a minimum to invest, others don't set a minimal first-time deposit. Check out what the best stock brokers require.
3. Deposit and withdrawal Transferring money to your account can be 5 times longer and more expensive at one stock broker compared to another.
4. Products and markets You want to invest in Amazon and Bitcoin? They might not be available. Check the product coverage before opening an account.
5. Trading platform A user-friendlyAand well-equipped trading platform can significantly increase your trading comfort.

Best stock brokers
Bottom line

You saw the details, now let's zoom out. Here are the best stock brokers of 2020 in the US:

Best stock brokers in the US in 2020
Interactive Brokers Fidelity TD Ameritrade Charles Schwab E-Trade
Overall score 4.9 4.9 4.8 4.8 4.8
Award Best online broker Best broker for bonds Best desktop trading platform
Fees score 4.0 4.0 4.0 4.0 4.0
Account opening score 3.0 3.0 3.0 5.0 4.0
Deposit and withdrawal score 3.0 4.0 2.0 2.0 2.0
Markets and products score 5.0 4.0 4.0 3.0 3.0
Web platform score 4.0 5.0 4.0 4.0 4.0
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Interactive Brokers is our winner, the best stock broker in the US for 2020. Wide range of products. Many great research tools. Regulated by several authorities.

All stock brokers are considered a great choice. Pick the winner, or any runner-up and take the next step in your investment journey. Let us know what you think in the comment section.

Still unsure? Use the broker finder and find the best broker for you or learn more about investing your money

Tibor Bedő

Tibor Bedő

Co-founder, CEO

Author of this article

Tibor believes having a good stockbroker is everybody's privilege. He worked extensively in the financial industry, including at Morgan Stanley and at The Boston Consulting Group (BCG). He advised leading European banks on strategy, finance and risk management.

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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