Why you can trust us
Led by Jessica Inskip, Director of Investor Research, the StockBrokers.com research team collects thousands of data points across hundreds of variables. We evaluate features important to every kind of investor, including beginners, casual investors, passive investors, and active traders. We carefully track data on margin rates, trading costs, and fees to rate stock brokers across our proprietary testing categories.
Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on StockBrokers.com. Learn more about how we test.
Are you ready to start investing, but aren’t quite sure where to begin? The stock market itself is a lot to take in, and picking the right brokerage platform while learning the ropes can seem like an impossible task. But here’s the good news: today’s brokers are making it easier than ever to take your first steps with tools like fractional shares, educational resources, and even practice accounts to help you build confidence and your portfolio.
The best brokers for beginners do a lot of the hard work for you. Easy-to-use platforms, low minimums, and transparent fees help you get started confidently, while built-in guidance and educational tools support you as your knowledge grows. Whether you want a simple app with guardrails or a platform you can gradually expand into, there’s an option here that fits the way you want to begin.
I spent hundreds of hours testing 14 online brokers — opening accounts, placing trades, and digging into their features to find the best broker for beginners. Each platform I’ve selected brings something unique to the table, from intuitive design to outstanding education. If you’re ready to start investing, this guide will help you find a brokerage platform that matches your needs.
To find the best brokers for beginners, I evaluated each platform’s ease of use, educational resources, pricing, and overall investing experience. The brokers below consistently stood out for offering beginner-friendly design, helpful learning tools, and features that make it easier to take your first steps in the market. These are the platforms that provide the strongest blend of simplicity, value, and support for new investors.
Top picks for the best stock trading platforms for beginners
1. Fidelity - Best trading platform for beginners
| Company |
Overall |
Minimum Deposit |
Stock Trades |
Options (Per Contract) |
Fidelity
|
|
$0.00 |
$0.00 |
$0.65 |
Why Fidelity is the best broker for beginners: Fidelity earns our top spot for beginners because it makes it genuinely easy to start small and grow into a more sophisticated investor without needing to switch brokers later. You get $0 stock and ETF trades, fractional shares, and a clean, widget-based web experience that surfaces balances, positions, market pulse, and next-step actions (trade, transfer, pay bills) without feeling overwhelming. As your confidence grows, Fidelity’s depth really shows up: excellent stock, ETF, mutual fund, and fixed-income research; strong retirement planning; and a wide range of account types (including joint, IRAs, and robust options for families and small businesses). It’s a rare platform that works whether you’re investing your first $20 or managing a multi-account household.
Research that helps you understand the “why”: Fidelity’s research experience is packed with practical context, not just data. Standouts include an industry-leading economic calendar (with clear “why investors care” explainers), macro and sector insights (including business-cycle positioning), and detailed quote pages for stocks, ETFs, and mutual funds. Fidelity’s fixed-income tools are also best-in-class, with deep product detail, yield-curve views, and strong idea generation for bonds and CDs. For beginners building a long-term portfolio, Fidelity also shines by supporting recurring investments, including recurring ETF investing, which is something many brokers still don’t do well.

Fidelity’s economic calendar is hands-down one of the best out there. It's clean, easy to navigate, and packed with useful info. It clearly highlights market-moving events for the week, so you know exactly what to watch. Tap on any item to get more context, making it a great tool for staying ahead of and understanding key economic events.
Jessica's take:
"Fidelity has taken a major step forward with short-form educational videos, blending financial insights with the familiar feel of social media. These bite-sized lessons are perfect for newer investors in bringing accessible, engaging education."
Jessica Inskip
Platforms that scale with you: Fidelity’s ecosystem stretches from beginner-friendly web and mobile tools to advanced trading with Active Trader Pro and the newer Trader+ mobile mode, where charts and layouts sync across devices. Options traders get a strong chain with deep customization and an excellent multi-leg workflow with probability and risk analytics. While there are a few areas Fidelity can continue polishing, its combination of low costs, high-quality tools, and supportive education makes it the most complete starting point for new investors.
2. E*TRADE from Morgan Stanley - Mobile-friendly choice
| Company |
Overall |
Minimum Deposit |
Stock Trades |
Options (Per Contract) |
E*TRADE
|
|
$0.00 |
$0.00 |
$0.65 |
Why E*TRADE is top mobile-friendly choice for beginners: E*TRADE stands out for beginners who want a mobile app that feels intuitive on day one, but still has room to grow as their confidence increases. Its flagship mobile app keeps things simple with clear navigation, easy-to-read quotes, customizable watchlists, and strong stock research that’s fully embedded (not buried in PDFs). For new investors, that means you can quickly check prices, read analyst insights, set alerts, and place trades without feeling overwhelmed by unnecessary complexity.
A mobile experience that grows with you: What makes E*TRADE unique is its clear upgrade path to advanced platforms. Beginners can comfortably start in the flagship app, which is designed for everyday investing and learning on the go. As skills develop, users can transition to the Power E*TRADE mobile app, built specifically for active and options traders. This separation helps prevent information overload early on, while still giving beginners a clear upgrade path when they’re ready for advanced charting, scanners, and more sophisticated trading tools.
Education, market awareness, and practical tools: E*TRADE does a solid job blending education and action on mobile. Contextual help icons explain order types, earnings tools break down implied moves in an easy-to-understand way, and stock research is presented in a clean, mobile-friendly format. Beginners also benefit from strong webinars, paper trading to practice without risk, and a Tax Resource Center that answers common questions about cost basis, wash sales, and taxable events. Altogether, E*TRADE’s mobile-first experience makes it an excellent starting point for investors who want to learn, research, and trade directly from their phone.

E*TRADE’s investor education includes practical articles that explain foundational concepts like risk tolerance and asset allocation. This example focuses on an aggressive growth portfolio, showing that true diversification goes beyond just owning stocks. E*TRADE helps investors understand how to balance risk and reward across multiple asset classes.
3. Charles Schwab - For confident, long-term investors
| Company |
Overall |
Minimum Deposit |
Stock Trades |
Options (Per Contract) |
Charles Schwab
|
|
$0.00 |
$0.00 |
$0.65 |
Why Schwab is built for confident, long-term investors: Charles Schwab does an excellent job of helping beginners feel capable early on, while clearly signaling that there’s much more depth waiting when they’re ready. New investors can start with approachable tools like Stock Slices for fractional-share stock investing and the Schwab Starter Kit, which pairs guided education with hands-on investing. Day-to-day account management is equally strong: adding beneficiaries, moving money, paying bills, and finding statements or tax forms are all intuitive and centralized. Schwab also supports real-life complexity, offering individual and joint accounts, trust accounts, and a deep lineup of retirement options that grow with you over time.
Research that connects the dots: Schwab’s research experience stands out because it consistently answers the question, “Why does this matter?” Stock and ETF quote pages surface the basics, but also include thoughtful details, like whether earnings are announced before or after market hours, how a stock compares to its sector or the S&P 500, and even which funds hold it. Schwab’s in-house market updates are a highlight, offering daily, podcast-style briefings that make it easy to understand what’s moving markets and why. Add in third-party research from Morningstar, CFRA, and Argus, and you get a research ecosystem that’s deep without being overwhelming.

Schwab’s value investing course offers a deep dive into the fundamentals of analyzing stocks, making it ideal for long-term, self-directed investors. This introductory screen explores the basics of fundamental analysis—like P/E ratios, earnings reports, and intrinsic value—to help investors identify undervalued opportunities.
Power tools when you’re ready: Schwab’s advanced side comes alive through thinkorswim, including a separate, highly customizable mobile app for active traders. Charting, options analytics, and backtesting are among the best available, with features like integrated economic data and robust earnings analysis. The trade-off is a learning curve, thinkorswim is powerful, not instantly intuitive, but Schwab offsets this with strong tutorials and contextual education. With access to stocks, ETFs, mutual funds, fixed income, futures, and forex via thinkorswim (plus expanded 24/5 trading), Schwab offers one of the most complete paths from beginner to advanced investor.
4. Interactive Brokers - For serious traders
| Company |
Overall |
Minimum Deposit |
Stock Trades |
Options (Per Contract) |
Interactive Brokers
|
|
$0.00 |
$0.00 |
$0.65 info |
Why Interactive Brokers is built for serious traders: Interactive Brokers (IBKR) is for investors who want maximum capability, the kind of platform where you can keep growing without hitting “feature ceilings.” It’s comprehensive by design, especially for active traders, options traders, and anyone who cares about precision and control.
A mobile lineup for different investing styles: IBKR doesn’t funnel everyone into one app. Instead, it offers multiple mobile experiences, including the flagship IBKR Mobile (the all-in-one workhorse), IBKR Global Trader, IBKR IMPACT for values-based investing, and the newer IBKR InvestMentor for quick lessons. The flagship app is highly customizable and, surprisingly, easy to navigate once you start toggling your home view to match what you actually care about.
Tools that go beyond the basics: Chartists get deep tools and lots of indicators, options traders get a feature-rich chain and easy multi-leg building, and advanced mobile orders are a standout, conditional logic, algo options, and “what-if” style triggers that most brokers simply don’t offer.
5. Robinhood - For self-directed learners
| Company |
Overall |
Minimum Deposit |
Stock Trades |
Options (Per Contract) |
Robinhood
|
|
$0.00 |
$0.00 |
$0.00 info |
Why Robinhood is a great starting point for self-directed learners: Robinhood’s biggest strength is how approachable it feels while still teaching you why things work. The app is incredibly easy to navigate, trading is straightforward (including investing by dollars or shares), and the platform uses friendly prompts and visual explainers so beginners don’t feel lost the moment they tap into an order ticket.
Education that’s genuinely worth reading: Robinhood’s learning content is a standout, methodical, clear, and (importantly) not boring. It does an excellent job explaining big concepts like how the stock market works, ETFs, fundamentals, and options risk without burying readers in jargon. The options education, in particular, is thoughtfully structured, and the Investor’s Guild adds timely, conversational market commentary that feels like getting a smart briefing without the finance-speak.
Where it still feels lightweight for advanced research: Robinhood keeps things simple, so you won’t find advanced features like backtesting or a centralized “research hub.” It can also be tough to get a big-picture view of the market, like sector performance, economic events, or what’s happening in Treasuries and commodities. And while the mobile options chain is fine for basics, it doesn’t show some of the deeper data (like Greeks and liquidity) that more active options traders rely on. If options and charting are a priority, you’ll generally have a better experience using Robinhood Legend.
How to get started in stock trading
Learn what stock trading actually means
Before placing your first trade, it's important to understand what you're doing and why. Stock trading means buying and selling shares of publicly traded companies, often with the goal of growing your money over time or taking advantage of shorter-term price movements. Beginners should start by learning the basics, including what stocks are, how the stock market works, and the difference between long-term investing and active trading. A strong foundation helps you avoid common mistakes, such as overtrading or reacting emotionally to short-term market moves.
Choose a beginner-friendly brokerage account
Your brokerage platform plays a major role in your experience. Look for a platform that's easy to use, clearly explains order types, and offers educational content built into the experience. Many beginner-friendly brokers allow you to start with little or no money, offer fractional shares so you can invest by the dollar, and provide simple tools to track performance. The best platforms help you build confidence without overwhelming you with advanced features too early.
Start small and focus on simple trades
When you're new to stock trading, starting small is key. Begin with a modest amount of money and focus on simple trades, such as buying shares of a company or an ETF you understand. Avoid complex strategies at the beginning, including advanced options trades or frequent short-term trading. Early on, the goal is not to outperform the market but to learn how trades work, how prices move, and how you personally respond to gains and losses.
Use education and research to guide decisions
Successful stock trading is built on understanding, not guesswork. Use educational articles, market explainers, and basic research tools to learn why a stock is moving and what risks may be involved. Pay attention to earnings announcements, company news, and broader market trends, but don't feel pressure to analyze everything at once. Over time, you'll develop a process that fits your goals and comfort level.
Build habits that support long-term growth
As you gain experience, focus on consistency and discipline. Track your trades, review what worked and what didn't, and continue learning. Many beginners benefit from setting personal rules, such as limiting how often they trade or sticking to a long-term plan. Stock trading is a skill that improves with patience, practice, and the right tools.
FAQs
What is a trading platform and how does it work?
A trading platform, otherwise known as an online brokerage account, allows you to buy and sell investments via computer or mobile app. The brokerage holds your investments and deposited cash for you and provides activity reports and account statements. It also credits any interest accrued and dividends to your account. To open an online broker account in the United States, you will need a Social Security number and you will be required to enter basic financial information such as your name, address, phone number, and trading experience.
In the United States, brokers are regulated by both FINRA and the SIPC. The SIPC insures $500,000 per account including up to $250,000 in cash against theft or the firm going belly-up. It’s important to remember, however, that insurance does not protect any investor against losses due to market fluctuations.
What brokerage account is best for beginners?
Fidelity is my pick for the best brokerage for beginners because it makes investing approachable from day one while still offering the depth to grow over time. New investors get $0 trades on stocks and ETFs, the ability to buy fractional shares, and a clean, widget-based web and mobile experience that shows balances, positions, and clear next steps without feeling overwhelming. As your confidence builds, Fidelity scales with you through strong research tools, retirement planning, and a wide range of account types, making it a platform you won’t outgrow.
Which type of trading is best for beginners?
Beginners should consider learning the ropes first by buying and holding stocks, ETFs, or mutual funds. Delving immediately into day trading or complicated investing strategies like options before getting the hang of basic order types is a recipe for disaster. Wait until you have more experience before using options, short selling, or buying on margin. Get acquainted with the most important things to know about the stock market for beginners.
Practice first: It is always a great idea to try out any new trading strategies or learn more about your trading platform in the completely risk-free environment of a demo account, also known as paper trading. Offered by most brokers, paper trading accounts allow you to use fake currency in a simulated trading environment, usually using real-time stock charts and prices. While you should be wary of using the results of trades made in such an account to judge the success or failure of any one strategy, it will give you invaluable experience in the logistics of implementing those trades.
Can I teach myself how to trade?
Yes, you can teach yourself to trade, provided you have realistic expectations and stay at it through a full market boom-and-bust cycle. Don’t invest more than a fraction of your trading capital at once, and keep a trading journal noting why you entered and exited each trade and how well that trade performed. Most traders fail because they focus on chasing the upside more than managing risk. Dive deeper and learn more about using trading journals for stock trading.
Can I buy stocks without a broker?
There are two types of stock brokers. Online stock brokers, meaning companies like E*TRADE and Fidelity, allow you to buy and sell stocks. Traditional stock brokers — individuals who pass a series of exams and work at brokerages — buy and sell stocks on behalf of clients. Traditional stock brokers often work for corporations and may earn commissions on the products they sell you (they are salespeople), and that may affect their advice.
If you are looking to buy and sell stocks on your own, you are looking for an online broker. When you open an account with a regulated brokerage, you can deposit money and make investments in the stock market.
If you want someone to manage your money for you, you will want to hire a financial advisor. We prefer registered investment advisors who are paid a predictable fee over registered representatives who charge commissions. Get started finding a registered investment advisor over on our sister site, investor.com.
Can I start trading with $100?
Yes. Nowadays, most online brokers require no minimum deposit to open an account, commission-free stock and ETF trades, as well as the availability of fractional shares. As a result, new traders can start trading with a small investment such as $100.
To compare features and pricing, use our online broker comparison tool.
What is paper trading?
Paper trading, or virtual trading, is a trading platform feature that enables the trading of stocks, ETFs, and options with virtual currency (fake money). This helpful learning tool is popular with beginners and is a great way to practice stock trading without risking real money. Explore my top picks for the best brokers for paper trading.
What are fractional shares?
A fractional share is a portion of a full share of a publicly traded company. Fractional shares enable investors with smaller budgets to buy a stake in companies with high stock prices. For example, instead of spending over $180 to buy one Amazon (AMZN) share, a trader could purchase a $10 fractional share – and then own a proportional fraction of that share. A real-world example is Charles Schwab's Schwab Stock Slices, which are fractional shares of any company in the S&P 500 and carry a minimum purchase of $5. Discover my top picks for the best brokers who offer fractional shares.
Is online trading safe?
Online trading is safe if you use a regulated online stock broker and never invest more than you are willing to lose. Trading stocks online is inherently risky. A good rule of thumb is to never invest more than you can afford to lose or that you might need within the next three months. Start with a small amount of money, read investing books, and keep it simple by buying and holding for the long term rather than trying to time the market.