Best Trading Platforms
Discover 9 deals available this month.
1.Interactive Brokers
Interactive Brokers offers an advanced trading platform with extremely low fees and access to a wide range of global assets. It features the powerful Trader Workstation, ideal for active and algorithmic traders, along with leading research tools.
View Deal →Serious investors and active traders will find Interactive Brokers a top choice thanks to its low fees and comprehensive global market access. Its sophisticated tools and research capabilities cater well to professionals seeking depth and precision.
Pros:
- Extremely low trading fees
- Access to a broad selection of global assets
- Powerful Trader Workstation for active and algorithmic trading
- Industry-leading research and analytical tools
Cons:
- Complex platform may have a steep learning curve for beginners
- Primarily designed for professional and serious investors, less suited for casual traders
- Advanced tools might be overwhelming without prior trading experience
2.Fidelity
Fidelity offers $0 commissions on stock and ETF trades, combined with top-tier research and comprehensive retirement and long-term investing tools. It provides strong customer service suitable for a wide range of investors.
View Deal →Fidelity stands out as a full-service broker delivering robust research and excellent retirement planning features, making it a solid choice for both beginners and seasoned investors. Its zero commission trades on stocks and ETFs add significant value.
Pros:
- $0 commissions on stock and ETF trades
- High-quality research resources
- Excellent retirement and long-term investment tools
- Strong customer service across investor types
Cons:
- May be less specialized for highly active or algorithmic traders
- Platform complexity could overwhelm novice investors
- No mention of frequent promotions or incentives
3.Charles Schwab
Charles Schwab is a large, trusted broker offering $0 commissions on stock and ETF trades, with strong web and mobile platforms. It provides extensive research, educational resources, and robust customer support for both beginners and experienced traders.
View Deal →Investors seeking a reliable, full-featured platform with no trading commissions will find Charles Schwab a solid choice, combining ease of use with comprehensive research and customer support.
Pros:
- No commissions on stock and ETF trades
- Strong, user-friendly web and mobile platforms
- Extensive research and educational resources
- Robust customer support suitable for all experience levels
Cons:
- May lack some advanced trading tools favored by algorithmic traders
- Features and tools might be less specialized compared to niche brokers
- Limited promotions or incentives compared to newer platforms
4.Webull
Webull is a mobile-first, commission-free trading platform offering advanced charting, options, and extended-hours trading with frequent promotions. It targets tech-savvy and active retail traders seeking a robust trading experience without fees.
View Deal →Tech-savvy and active retail traders will appreciate Webull’s commission-free trades combined with powerful charting and options tools, plus the advantage of extended-hours trading. Its frequent promotions add extra value for frequent users.
Pros:
- Commission-free trading on stocks, ETFs, and options
- Advanced charting tools for detailed analysis
- Access to extended-hours trading sessions
- Regular promotions that benefit active traders
Cons:
- Primarily mobile-focused, which may limit desktop experience
- Less suited for beginners who need extensive educational resources
- May lack the depth of research tools found in some full-service brokers
5.Robinhood
Robinhood offers a simple, intuitive app with commission-free trading for stocks, ETFs, options, and cryptocurrencies. It is designed for newer and mobile-focused traders who prefer ease of use over advanced research tools.
View Deal →Perfect for beginners and mobile users seeking straightforward, commission-free trading without the complexity of deep research features.
Pros:
- Commission-free trading on stocks, ETFs, options, and crypto
- User-friendly and intuitive mobile app design
- Accessible for newer investors focused on simplicity
Cons:
- Lacks advanced research and analytical tools
- Less suited for professional or algorithmic traders
- Limited features compared to more comprehensive platforms
6.moomoo
moomoo offers commission-free trading for US stocks and ETFs through a feature-rich desktop and mobile platform with strong analytics and educational tools. It is designed for data-driven active traders seeking in-depth market insights.
View Deal →Active traders who rely on data will find moomoo’s robust analytics and educational resources especially useful, all on a commission-free platform. Its combination of detailed tools and mobile accessibility makes it a solid choice for those focused on informed trading decisions.
Pros:
- Commission-free trading on US stocks and ETFs
- Feature-rich desktop and mobile platforms
- Strong analytics tailored for data-driven traders
- Comprehensive educational tools to support active investors
Cons:
- Primarily focused on US markets, limiting global asset access
- May be complex for beginners due to advanced features
- Less brand recognition compared to larger brokers
7.SoFi Active Investing
SoFi Active Investing offers $0 commissions on stocks and ETFs with integrated access to financial advisors and other SoFi financial products. It is designed for newer investors seeking a straightforward investing experience combined with guidance.
View Deal →New investors looking for a simple platform paired with advisory support will find SoFi Active Investing a practical choice. It combines commission-free trades with easy access to financial advice and additional SoFi services.
Pros:
- $0 commissions on stock and ETF trades
- Access to financial advisors integrated within the platform
- Connection to other SoFi financial products for a comprehensive financial experience
Cons:
- Primarily targeted at newer investors, may lack advanced tools for experienced traders
- Limited emphasis on research and in-depth trading features compared to competitors
- Not ideal for active or professional traders seeking extensive customization or global assets
8.Public
Public offers commission-free trading with fractional shares and competitive options costs, focusing on transparency and education for retail investors. It is well-suited for social and long-term investors seeking a straightforward platform.
View Deal →Social investors and those new to trading will appreciate Public’s transparent approach and educational resources combined with commission-free fractional share trading. It’s a solid choice for building long-term portfolios with a community feel.
Pros:
- Commission-free trading including fractional shares
- Focus on transparency and investor education
- Competitive pricing on options trading
Cons:
- May lack advanced tools favored by active or professional traders
- Limited research and analysis compared to full-service brokers
- Primarily geared towards long-term and social investors, less ideal for high-frequency trading
9.Merrill Edge
Merrill Edge is a Bank of America-linked brokerage offering $0 stock and ETF trades with strong research from BofA Global Research. It provides seamless integration for existing Bank of America customers.
View Deal →Existing Bank of America clients will find Merrill Edge a convenient choice due to its smooth integration and robust research resources. It's especially appealing for those valuing a bank-linked brokerage with no commission fees on stocks and ETFs.
Pros:
- No commission fees on stock and ETF trades
- Strong research including BofA Global Research
- Seamless integration with Bank of America accounts
Cons:
- May be less appealing to non-Bank of America customers
- Limited details on advanced trading tools compared to specialized platforms
- Less emphasis on educational resources for beginners
Final Words
Take time to compare the features, fees, and tools of various trading platforms to find the one that best aligns with your investment goals and trading style. You can explore current offers and promotions to maximize value and make informed decisions confidently.
Frequently Asked Questions
Interactive Brokers stands out for its extremely low fees, access to a wide range of global assets, and the powerful Trader Workstation platform. It is especially suited for active and algorithmic traders who need advanced tools and industry-leading research.
Interactive Brokers is ideal for professionals and serious investors who require advanced trading capabilities and extensive research tools. Its platform supports active trading and algorithmic strategies.
Yes, several other top platforms like Fidelity, Charles Schwab, E*TRADE, SoFi Active Investing, and Merrill Edge offer $0 commissions on stock and ETF trades. These platforms cater to a range of investors from beginners to more experienced traders.
Key features to consider include fees, range of available assets, platform usability, research and educational resources, and customer support. Depending on your trading style, you might prioritize advanced tools or user-friendly interfaces.
Platforms like Fidelity, Charles Schwab, and SoFi Active Investing are well-suited for beginners due to their strong customer service, educational content, and easy-to-use interfaces. They also offer commission-free trading on stocks and ETFs.
Yes, Robinhood and Webull are popular mobile-first platforms that offer commission-free trading and user-friendly apps. Robinhood is especially geared toward newer traders who prioritize simplicity, while Webull offers advanced charting and active trading features.
