Comparison of Online Brokers for Beginners

This online broker comparison is designed to bring more clarity to your broker selection if you are a beginner. You can compare online brokers for beginners side by side across 9 main categories that saves you tens of hours of research.

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Methodology:

Data collected based on Brokerchooser's structured online broker review methodology, a work of 8 people. The online brokers compared don't know they are being reviewed. Brokerages are featured independently of any compensation they might give to Brokerchooser.

Best broker for bonds
Best desktop trading platform
Best broker for beginners
Country of origin
Listed on stock exchange
Banking background
Fees score
Fees summary
US stock
UK stock
German stock
EURUSD benchmark fee
EURGBP benchmark fee
AUDUSD benchmark fee
Mutual fund
US Treasury bond
EU government bond
US stock index options
UK stock index options
German stock index options
US stock index futures
UK stock index futures
German stock index futures
S&P 500 index CFD fee
Europe 50 index CFD fee
Apple CFD fee
Vodafone CFD fee
Account fee
Inactivity fee
Withdrawal fee
Deposit and withdrawal score
Bank transfer
Credit/Debit card
Electronic wallets
Number of base currencies
Bank Transfer
Credit/Debit card
Electronic wallets
Withdrawal Time
Account opening score
Account opening full-online
Minimum deposit
Time to open account
Needed documents
Web platform score
Mobile platform score
Desktop platform score
Markets and products score
Stock
ETF
Forex
Fund
Bond
Options
Futures
Crypto
CFD
CFD disclaimer
Research score
Charting quality
Education score
Demo account
Customer service score
Telephone
Live chat
Email
24/7 availability
Investor protection amount
Country of regulation
4.9
USA
No
No
4.1
Low trading and non-trading fees, high fund fees
$0.0
$10.8
$20.9
-
-
-
$37.5
$0.0
-
$6.5
-
-
-
-
-
-
-
-
-
No
No
$0
3.6
Yes
No
Yes
16
Yes
No
Yes
2 days
2.9
No
$0
1-3 days
Proof of identity: SSN / passport / national ID card / driver's license
4.5
4.8
3.8
3.9
Yes
Yes
No
Yes
Yes
Yes
No
No
No
-
4.8
Great
5.0
Yes
4.4
Yes
Yes
Yes
Yes
$500,000 (securities up to $500,000, cash up to $250,000)
USA
4.8
USA
Yes
Yes
4.3
Low trading and non-trading fees, high fund fees
$0.0
-
-
$13.0
$9.7
$13.3
$50.0
$0.0
-
$6.5
-
-
$22.5
-
-
-
-
-
-
No
No
$0
2.2
Yes
No
No
1
Yes
No
No
2 days
2.9
No
$0
1-3 days
Proof of identity: SSN and national ID / passport / driver's license
3.8
4.4
4.8
3.8
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
-
4.8
Great
5.0
Yes
5.0
Yes
Yes
Yes
Yes
$500,000 (securities up to $500,000, cash up to $250,000)
USA
4.8
USA
Yes
Yes
4.4
Low trading and non-trading fees, high fund fees
$0.0
-
-
-
-
-
$24.8
$0.0
-
$6.5
-
-
$15.0
-
-
-
-
-
-
No
No
$0
2.2
Yes
No
No
1
Yes
No
No
2 days
4.8
Yes
$0
1 day
Proof of identity: SSN and national ID / passport / driver's license
Proof of residency: bank statement / utility bill
3.7
3.7
3.5
3.3
Yes
Yes
No
Yes
Yes
Yes
Yes
No
No
-
4.8
Great
3.3
No
4.5
Yes
Yes
No
Yes
$500,000 (securities up to $500,000, cash up to $250,000)
USA, UK, Hong Kong, Singapore
4.8
USA
Yes
Yes
4.4
Low trading and non-trading fees, high fund fees
$0.0
-
-
-
-
-
$20.0
$0.0
-
$6.5
-
-
$15.0
-
-
-
-
-
-
No
No
$0
2.2
Yes
No
No
1
Yes
No
No
2 days
3.8
Yes
$500
>3 days
Proof of identity: SSN and national ID / passport / driver's license
4.0
4.5
-
3.0
Yes
Yes
No
Yes
Yes
Yes
Yes
No
No
-
4.5
Great
3.5
No
4.5
Yes
Yes
Yes
Yes
$500,000 (securities up to $500,000, cash up to $250,000)
USA
4.6
USA
Yes
Yes
4.5
Low trading and non-trading fees, high financing (margin) rates
$0.0
-
-
-
-
-
$10.0
$10.0
-
$5.0
-
-
-
-
-
-
-
-
-
No
No
$0
2.1
Yes
No
No
1
Yes
No
No
2 days
4.4
Yes
$0
1-3 days
Proof of identity: SSN / passport / national ID card / driver's license
3.5
3.3
-
2.9
Yes
Yes
No
Yes
Yes
Yes
No
No
No
-
3.0
Great
4.0
No
3.5
Yes
Yes
Yes
Yes
$500,000 (securities up to $500,000, cash up to $250,000)
USA