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Best Stock Brokers for 2024

Sam Levine, CFA, CMT

Written by Sam Levine, CFA, CMT
Edited by Carolyn Kimball
Fact-checked by Steven Hatzakis
Reviewed by Blain Reinkensmeyer

June 28, 2024

Zero-commission stock trading commissions are standard and minimum deposits and monthly fees are rare among U.S. stock brokers. Though there are still some price differences, they mainly battle it out through their features, data, design, and content.

The best stock brokers are fully featured, easy to use, have low incidental fees, and provide a deep range of quality research and educational content. I opened personal test accounts at all these brokers and checked pricing to find the very best. Here are my top trading platform picks for online stock trading.

Why you can trust StockBrokers.com

Since 2009, we've helped over 20 million visitors research, compare, and choose an online broker. Our writers have collectively placed thousands of trades over their careers. Here's how we test.

Best Online Brokers of 2024

Here are the best online brokers for 2024, based on over 3,000 data points.

  • Fidelity - Best overall
  • E*TRADE
    - Best for mobile trading
  • Charles Schwab - Best desktop stock trading platform
  • Merrill Edge - Best research experience
  • Interactive Brokers
    - Best for professional traders
  • Firstrade - Best for Chinese-speaking clients
  • tastytrade
    - Best desktop options trading platform
Fidelity
5/5 Stars 5.0 Overall
Summary Review Pros/Cons

Best overall

Minimum Deposit$0.00
Stock Trades$0.00
Options (Per Contract)$0.65

Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app. Read full review

Pros
  • Excellent research and mobile app
  • Top-notch education
  • Decades of reliable client service
Cons
  • No dedicated mobile app for active trading
E*TRADE
5/5 Stars 5.0 Overall
Summary Review Pros/Cons

Best for mobile trading

Minimum Deposit$0.00
Stock Trades$0.00
Options (Per Contract)$0.65

E*TRADE is a top-performing broker whose highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform. Crypto, however, is not available. Read full review

Pros
  • Watch lists are the best in the business
  • Smooth mobile navigation
  • High-quality high-net-worth Morgan Stanley proprietary research
Cons
  • Cryptocurrencies not currently available
  • Margin rates are high compared to other brokers
Visit Site

Open and fund & get up to $1,000.

Charles Schwab
5/5 Stars 5.0 Overall
Summary Review Pros/Cons

Best desktop stock trading platform

Minimum Deposit$0.00
Stock Trades$0.00
Options (Per Contract)$0.65

With the addition of TD Ameritrade's thinkorswim platforms and the enhancement of several features, Schwab is now a vigorous competitor with thought-provoking research and commentary and a client experience to fit any preference. Read full review

Pros
  • TD Ameritrade’s excellent thinkorswim trading platforms now available
  • Trading-friendly app and browser enhancements
  • Exceptional high net worth services
Cons
  • No cryptocurrency trading
  • Mutual fund fees are complex
Merrill Edge
4.5/5 Stars 4.5 Overall
Summary Review Pros/Cons

Best research experience

Minimum Deposit$0.00
Stock Trades$0.00
Options (Per Contract)$0.65

Merrill Edge and its parent, Bank of America, make for a well-rounded offering, with $0 trades, robust research, reliable customer service; and its Stock Stories and Fund Stories are an industry standout. There are some gaps in investment offerings, including crypto and futures. Read full review

Pros
  • Portfolio Story, Dynamic Insights, and the Stock and Fund Stories are groundbreaking features
  • High-quality proprietary research
Cons
  • Some site elements slow to load
  • No crypto, futures, forex or penny stocks
Interactive Brokers
4.5/5 Stars 4.5 Overall
Summary Review Pros/Cons

Best for professional traders

Minimum Deposit$0.00
Stock Trades$0.00
Options (Per Contract)$0.65

Interactive Brokers is a go-to choice for professionals because of its institutional-grade desktop trading platform, high-quality trade executions and rock-bottom margin rates. Read full review

Pros
  • Astounding array of customizable tools
  • Allows trading in foreign markets
  • Convenient apps for individual investors
Cons
  • Restrictive trading permissions
  • Main platforms might feel cold
Visit Site

New clients, special margin rates.

Firstrade
4.5/5 Stars 4.5 Overall
Summary Review Pros/Cons

Best for Chinese-speaking clients

Minimum Deposit$0.00
Stock Trades$0.00
Options (Per Contract)$0.00

Firstrade scored well for penny stock trading in our 2024 Annual Awards, and is a great choice for Chinese-speaking investors. However, it lags behind the competition in certain areas, especially platforms, tools and education. Read full review

Pros
  • Excellent for Chinese-speaking investors
  • Has bolstered its options education and trading capabilities
  • Easy-to-use mobile app
Cons
  • Trading platform and tools trail industry leaders
  • Investor education is thin
tastytrade
4/5 Stars 4.0 Overall
Summary Review Pros/Cons

Best desktop options trading platform

Minimum Deposit$0.00
Stock Trades$0.00
Options (Per Contract)$0.50 info

Tastytrade isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that make you feel like you’re on a trading desk. Read full review

Pros
  • Excellent layout
  • Clear expertise with active trading
  • Great stock options pricing
Cons
  • Maverick approach makes initial learning curve a bit steep
  • Few choices for long-term investing
Visit Site

Open and fund & earn up to $4,000*

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Winners Summary

Best overall - Fidelity

Company Minimum Deposit Stock Trades Options (Per Contract) Offers Visit Site
Fidelity logoFidelity $0.00 $0.00 $0.65 Read Review

Why Fidelity is the best overall broker: Fidelity is a broker I use almost every day. It’s also StockBrokers.com’s Best Overall thanks to its industry-leading research, convenient trading tools, and an easy-to-use mobile app. All essential features are clearly labeled and easily understood by everyday investors.

Fidelity provides a ton of news and market commentary, along with extensive education on a wide array of investment options. If you’re new to investing, you’ll appreciate a huge library of helpful articles, too. Read full review.

Fidelity Mobile app gallery

Fidelity mobile dashboard Fidelity mobile market overview Fidelity mobile market overview Fidelity mobile market movers Fidelity mobile Bloomberg TV Fidelity mobile watch list Fidelity mobile stock quote Fidelity mobile stock news feed Fidelity mobile analyst opinions and value estimate Fidelity mobile stock research page Fidelity mobile advanced chart Fidelity mobile options chain Fidelity mobile options detail Fidelity mobile certificates of deposit Fidelity mobile Bloom home screen Fidelity mobile Bloom wealth challenges Fidelity mobile Bloom shopping deals Fidelity Youth app home screen Fidelity Youth app investment details

Fidelity research gallery

Fidelity web research stock quote Fidelity web research key stats and ratios Fidelity web research peer comparisons Fidelity web research sentiment data Fidelity web research analyst ratings Fidelity web research report Fidelity web research report Fidelity web research report Fidelity web research sector detail Fidelity web research market overview Fidelity research thematic stock model

Best for mobile trading - E*TRADE

Company Minimum Deposit Stock Trades Options (Per Contract) Offers Visit Site
E*TRADE logoE*TRADE $0.00 $0.00 $0.65 Open and fund & get up to $1,000. Visit Site

Why E*TRADE is the best broker for mobile trading: Offering not one but two apps, my takeaway is that E*TRADE Mobile provides usability and depth for what matters most to casual investors: portfolio management, quotes, watch lists, market research.

E*TRADE won StockBrokers.com’s No. 1 awards for Investor App and Web Trading Platform in 2024. Power E*TRADE hits the sweet spot for beginning to intermediate traders. I found it to have just enough tools to be useful without it being so bogged down with features that it was confusing. Tools such as Live Action Scanner are top-notch. Read full review.

E*TRADE Mobile apps gallery

E*TRADE mobile account view E*TRADE mobile market movers E*TRADE mobile market news feed E*TRADE mobile watch list E*TRADE mobile stock quote top E*TRADE mobile level 2 data E*TRADE mobile advanced chart E*TRADE mobile Bloomberg news E*TRADE mobile event calendar E*TRADE mobile screener E*TRADE mobile options chain E*TRADE mobile stock order ticket E*TRADE mobile Morgan Stanley research E*TRADE mobile contingent order Power E*TRADE mobile account dashboard Power E*TRADE mobile account positions Power E*TRADE mobile watch list Power E*TRADE mobile ticker recall Power E*TRADE mobile Earnings Move Analyzer Power E*TRADE mobile volatility and earnings Power E*TRADE mobile market depth Power E*TRADE mobile market scanner

E*TRADE Mobile, one of two strong apps the broker offers. Press play for a tour of its features.


Best desktop stock trading platform - Charles Schwab

Company Minimum Deposit Stock Trades Options (Per Contract) Offers Visit Site
Charles Schwab logoCharles Schwab $0.00 $0.00 $0.65 Read Review

Why Schwab is the best desktop stock trading platform: Charles Schwab hit a home run with its acquisition of the thinkorswim platform, hands down my favorite trading platform thanks to its deep breadth of advanced tools and charting technology.

Whether you are day trading, options trading or futures trading, I found Charles Schwab's trading platform thinkorswim to be a winner in StockBrokers.com’s comparison testing. I prefer thinkorswim desktop for monitoring huge watch lists, charting, and watching streaming market news. Meanwhile, for casual investors, thinkorswim web gives traders an easy way to quickly manage their account while accessing essential trading features. Read full review.

thinkorswim gallery

Charles Schwab thinkorswim web charts Charles Schwab thinkorswim web trade tab Charles Schwab thinkorswim web stock scanner- Charles Schwab thinkorswim desktop charts view Charles Schwab thinkorswim desktop heatmap Charles Schwab thinkorswim desktop earnings analysis Charles Schwab thinkorswim desktop options chain Charles Schwab thinkorswim desktop active trader Charles Schwab thinkorswim desktop fundamentals Charles Schwab thinkorswim desktop stock screener

Best online brokers comparison

Company Overall Minimum Deposit Stock Trades Options (Per Contract) Offers Visit Site
Fidelity logoFidelity 5/5 Stars $0.00 $0.00 $0.65 Read Review
E*TRADE logoE*TRADE 5/5 Stars $0.00 $0.00 $0.65 Open and fund & get up to $1,000. Visit Site
Charles Schwab logoCharles Schwab 5/5 Stars $0.00 $0.00 $0.65 Read Review
Merrill Edge logoMerrill Edge 4.5/5 Stars $0.00 $0.00 $0.65 Read Review
Interactive Brokers logoInteractive Brokers 4.5/5 Stars $0.00 $0.00 $0.65 New clients, special margin rates. Visit Site
Firstrade logoFirstrade 4.5/5 Stars $0.00 $0.00 $0.00 Read Review
tastytrade logotastytrade 4/5 Stars $0.00 $0.00 $0.50 info Open and fund & earn up to $4,000* Visit Site

FAQs

Are brokerage accounts FDIC insured?

No, the Federal Deposit Insurance Corporation does not insure brokerage accounts. However, brokerage accounts are protected for up to $250,000 in cash/$500,000 per customer against a broker’s insolvency by the Securities Investor Protection Corporation (SIPC). Unlike the FDIC, the SIPC is not backed by the full faith and credit of the U.S. government and is instead a non-profit corporation with a mission to protect customer assets.

What is the best online broker?

The brokerage testing team at StockBrokers.com maintained live accounts at 17 brokers in 2024 and used them to evaluate each broker’s tools, ease of use, data, design, and content. Here are the five top-scoring brokerage firms and the accolades won in the StockBrokers.com Annual Awards for 2024:

  • Fidelity – 5 stars – Our pick for Best Overall Stock Broker, including Best for Customer Service, Best for Education, Best for Beginners, Best for Penny Stock Trading, and Best for IRA Accounts. Fidelity also won awards for #1 Innovation and #1 Phone Support.
  • E*TRADE – 5 stars – Industry awards for #1 Investor App and #1 Web Trading Platform.
  • Charles Schwab – 5 stars – Best for Research, Best for High Net Worth Investors. Schwab also won industry awards for #1 Trader App, #1 Bond Research, and #1 Desktop Stock Trading Platform.
  • Merrill Edge – 4.5 stars – Best Bank Brokerage and industry awards for #1 Overall Client Experience, and #1 Client Dashboard
  • Interactive Brokers – 4.5 stars – Best Platforms and Tools, Best Mobile Trading Apps, Best Investment Options, and Best (for) Day Trading. It also won industry awards for #1 International Trading, #1 Platform Technology, #1 ESG Investing, #1 Professional Trading, #1 Fractional Shares, #1 Sentiment Investing, and #1 Bond Trading.

Does it matter which broker I use?

Yes, the broker you choose to use will greatly impact the kind of markets you have access to, the sort of trading tools you can use, the cost of trading, the amount of fees you pay, and the quality of the research and educational resources you can leverage when making trading decisions.

  1. Consider your experience and knowledge. Do you want a broker that focuses on tools and features, or would you prefer a broker that is easy to use?
  2. Know what you want to invest in. Some brokers do not offer mutual funds or cryptocurrencies, while others allow global trading.
  3. Consider whether you want a practice account. Some brokers let you practice with paper trading.

Our Research

Why you should trust us

Sam Levine, CFA, CMT, formerly a lead writer for StockBrokers.com, has over 30 years of investing experience and actively trades stocks, ETFs, options, futures, and options on futures. He's held roles as a portfolio manager, financial consultant, investment strategist and journalist. He holds the Chartered Financial Analyst (CFA) and the Chartered Market Technician (CMT) designations and served on the board of directors of the CMT Association.

Blain Reinkensmeyer, head of research at StockBrokers.com, has been investing and trading for over 25 years. After having placed over 2,000 trades in his late teens and early 20s, he became one of the first in digital media to review online brokerages. Blain created the original scoring rubric for StockBrokers.com and oversees all testing and rating methodologies.

For this guide:

  • Whenever possible, we used our own brokerage accounts for testing. For several brokers, we used a test account that was provided to us.
  • We collected more than three thousand data points (196 per broker).
  • We tested each online broker's website, browser-based trading platform (where applicable), downloadable desktop trading platform (where applicable), and of course, the mobile app (or apps in the case of several brokers).
  • We met with the product teams of nine online brokers.

How we tested

To analyze trading platforms for this guide, our writers maintained active, funded online brokerage accounts for testing. In certain circumstances, a demo account was provided by the broker.

StockBrokers.com uses a variety of computing devices to evaluate trading platforms. Our reviews were conducted using the following devices: iPhone 12 Pro, iPhone 15 Pro Max, MacBook Pro M1 with 8 GB RAM running the current MacOS, and a Dell Vostro 5402 laptop i5 with 8 GB RAM running Windows 11 Pro. In testing platforms and apps, our reviewers place actual trades for a variety of instruments.

As part of our data check process, we sent a data profile link to each broker summarizing the data we had on file and the data they provided us last year, with a field for entering any data that had since changed. For the brokers that filled out these profiles, we audited the information for any discrepancies between our data and the broker’s data to ensure accuracy.

As part of our review process, all brokers had the opportunity to provide updates and key milestones in a live meeting that took place in the fall. Meetings with broker teams also took place throughout the year as new products rolled out. Insights gathered from these calls helped steer our testing efforts to ensure every feature and tool was assessed.

Once our data collection, auditing, and trading platform testing was completed, we entered our final 1-10 opinion scores of each broker's key areas (Commissions & Fees, Platforms & Tools, Research, Mobile Trading, Education, and Ease of Use). We then ran all the collected data through our proprietary scoring engine to determine each broker's Overall percent score and rating.

Trading platforms tested

We tested 17 online trading platforms for this guide:

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About the Editorial Team

Sam Levine, CFA, CMT
Sam Levine, CFA, CMT

Sam Levine has over 30 years of experience in the investing field as a portfolio manager, financial consultant, investment strategist and writer. He also taught investing as an adjunct professor of finance at Wayne State University. Sam holds the Chartered Financial Analyst and the Chartered Market Technician designations and is pursuing a master's in personal financial planning at the College for Financial Planning. Previously, he was a contributing editor at BetterInvesting Magazine and a contributor to The Penny Hoarder and other media outlets.

Carolyn Kimball
Carolyn Kimball

Carolyn Kimball is managing editor for Reink Media and the lead editor for the StockBrokers.com Annual Review. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Blain Reinkensmeyer
Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

E*TRADE: *Other fees apply.

tastytrade: Disclosure: *The $4,000 bonus offer is available with a $500,000 to $999,999 deposit. Visit info.tastytrade.com/tasty-offer for full details, terms, conditions, and restrictions. Offer expires 12/31/2024. tastytrade, Inc. is a registered broker-dealer and member of FINRA, NFA, and SIPC.

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with StockBrokers.com (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. tastytrade was previously known as tastyworks, Inc.



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