Best Commission Free Brokers
Discover 10 deals available this month.
1.Fidelity Investments
Fidelity Investments offers $0 commissions on online US stock and ETF trades, with no account minimums and a broad selection of account types. It also provides robust research tools suitable for all investor levels.
View Deal →Fidelity stands out as a versatile broker that combines cost-effectiveness with powerful research capabilities, making it a solid choice for both beginners and seasoned investors alike.
Pros:
- Zero commissions on US stock and ETF trades
- No account minimum requirements
- Comprehensive research tools
- Supports a wide range of account types
Cons:
- May lack some advanced trading features preferred by highly active traders
- Platform can be overwhelming for absolute beginners without prior investing knowledge
2.Charles Schwab
Charles Schwab offers commission-free trading on US stocks and ETFs with no account minimums, providing a robust platform and research tools. It caters to both beginners and active traders in the US.
View Deal →A versatile brokerage that balances beginner-friendly features with powerful tools for active traders, Charles Schwab delivers cost-effective investing without account minimums.
Pros:
- Commission-free trades on US stocks and ETFs
- No account minimums required
- Robust trading platforms and research resources
- Suitable for both novice and experienced investors
Cons:
- Limited commission-free options beyond US stocks and ETFs
- May lack some advanced features favored by professional traders
- Research tools can be overwhelming for absolute beginners
3.Robinhood
Robinhood is a mobile-first US broker offering zero-commission trading on stocks, ETFs, and options with a user-friendly app and fractional shares. It focuses on low-cost, app-based trading for easy market access.
View Deal →Tech-savvy investors will appreciate Robinhood’s simple interface and commission-free trades combined with fractional shares, making it easy to start investing with small amounts. While ideal for beginners who want a straightforward mobile experience, it may lack advanced tools found in other platforms.
Pros:
- Zero commissions on stocks, ETFs, and options
- User-friendly mobile app with a simple interface
- Offers fractional shares for flexible investing
Cons:
- Limited advanced research and trading tools compared to competitors
- Primarily app-based, which may not suit desktop-focused traders
- Less suitable for active or professional investors seeking robust features
4.Webull
Webull offers commission-free trading on US stocks, ETFs, and options with advanced charting and trading tools designed for active traders. It is a US-based broker with a strong app platform and no trading fees.
View Deal →Active traders will find Webull appealing for its zero-commission trades combined with more sophisticated charts and tools than many app-based competitors. It strikes a good balance between cost savings and advanced features.
Pros:
- Commission-free trading on stocks, ETFs, and options
- Advanced charting tools suitable for active traders
- User-friendly app with powerful trading capabilities
Cons:
- May be too complex for beginner investors
- Less emphasis on research and educational resources compared to some competitors
- Primarily geared towards active traders rather than casual investors
5.Moomoo
Moomoo offers commission-free trading on US stocks, ETFs, and options with low margin rates and advanced analytical tools. It is designed for active traders seeking cost-effective trading solutions.
View Deal →Active traders looking for powerful analysis and low-cost trading will find Moomoo a strong contender among commission-free brokers.
Pros:
- Commission-free trading on US stocks, ETFs, and options
- Low margin interest rates
- Robust analytical and research tools
Cons:
- Primarily geared toward active traders, which may overwhelm beginners
- Less brand recognition compared to top-tier brokers
- Limited information on account types and broader services
6.Merrill Edge
Merrill Edge offers $0 commissions on online US stock and ETF trades with strong research tools and seamless integration with Bank of America accounts. It provides a solid platform for US investors seeking cost-effective trading and robust resources.
View Deal →Merrill Edge stands out for investors who value easy access to research and a smooth banking integration, making it a practical choice for Bank of America customers.
Pros:
- $0 commissions on online US stock and ETF trades
- Seamless integration with Bank of America accounts
- Strong research resources tailored for US investors
Cons:
- Limited to US stocks and ETFs for commission-free trades
- Less focused on advanced trading tools compared to some competitors
- May not offer as many account types as other brokers
7.SoFi Invest
SoFi Invest offers commission-free trading of US stocks and ETFs with fractional shares through an easy-to-use app, plus integrated banking and lending products for US clients.
View Deal →Investors looking for a straightforward, app-based platform that combines trading with banking features will find SoFi Invest a convenient choice for commission-free trades.
Pros:
- Commission-free trades on US stocks and ETFs
- Fractional shares available for flexible investing
- User-friendly mobile app for easy account management
- Integration with banking and lending products
Cons:
- Limited advanced trading tools compared to specialized brokers
- Primarily focused on US clients, limiting international access
- Less research and analysis resources than some competitors
8.Vanguard
Vanguard offers commission-free trading on its ETFs and many US stocks, focusing on long-term, low-cost investing for US investors.
View Deal →Long-term investors will value Vanguard’s low-cost approach combined with commission-free trading on its ETFs and a wide range of US stocks.
Pros:
- Commission-free trading on Vanguard ETFs and many US stocks
- Strong emphasis on long-term, low-cost investment strategies
- Reputable for stability and investor trust
Cons:
- Limited commission-free trading primarily to Vanguard ETFs and select stocks
- Less suited for active traders compared to brokers with advanced trading tools
- Fewer features targeting short-term or high-frequency trading
9.Interactive Brokers (IBKR Lite)
IBKR Lite offers commission-free trading on US stocks and ETFs with access to professional-grade trading platforms and a wide range of markets for US investors. There are no commissions for standard stock and ETF trades.
View Deal →Active and experienced traders will appreciate IBKR Lite's robust platform and broad market access without commission fees, making it a strong choice for serious investing.
Pros:
- Zero commissions on US stock and ETF trades
- Professional-grade trading platforms
- Access to a wide range of markets for US clients
Cons:
- Primarily geared toward active and advanced traders
- May be complex for beginners
- No mention of fractional shares or banking integration
10.Firstrade
Firstrade offers commission-free trading on US stocks, ETFs, and options with multiple account types and a user-friendly mobile app. It targets investors seeking very low-cost trading options in the US market.
View Deal →Firstrade stands out as a cost-effective choice for investors who want commission-free trades across stocks, ETFs, and options combined with versatile account options and a solid mobile experience.
Pros:
- Commission-free trading on US stocks, ETFs, and options
- Supports multiple account types
- User-friendly and reliable mobile app
Cons:
- Less known compared to bigger brokers like Fidelity or Schwab
- May lack some advanced research tools found at top-tier platforms
- Limited international market access compared to global brokers
Final Words
You can explore a variety of commission-free brokers to find the best fit for your trading needs, but take time to compare their features, fees, and current offers to ensure you get the most value for your investments. Staying informed and choosing wisely will help you maximize your returns while minimizing costs.
Frequently Asked Questions
Fidelity Investments stands out with $0 commissions on online US stock and ETF trades, no account minimums, and a wide range of account types. It also offers strong research tools, making it suitable for both beginners and experienced investors.
No, Fidelity Investments does not require any account minimums, allowing investors to start trading with any amount of capital.
Fidelity offers an extensive selection of account types, catering to various investor needs including retirement accounts, brokerage accounts, and more.
Interactive Brokers (IBKR Lite) is known for its professional-grade platforms and broad market access, making it ideal for serious and active traders.
Not all commission-free brokers offer zero commissions on options, but some like Robinhood, Webull, and Firstrade provide commission-free trading on stocks, ETFs, and options.
Features vary widely; for example, Fidelity offers strong research tools, Charles Schwab provides robust trading platforms for beginners and active traders, while Webull focuses on advanced charts and app-based trading.
