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Choosing the right online broker can be challenging, with so many options offering seemingly similar conditions. Yet, making the right decision is essential for successful stock investing, as it can save both time and money. That’s why we’ve conducted an in-depth analysis of over 100+ stock brokers, focusing on key factors like fees, regulation, reliability, and the range of tradable assets.
By harnessing a vast amount of digitized data, we’ve performed a detailed comparison to provide you with objective and accurate evaluations. This comprehensive analysis ensures that you can make an informed decision based on reliable and unbiased criteria.
8 Best Brokerage Accounts for July 2025
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1
Wealthsimple - No trading fee, over 14,000 stocks, services only to residents of Canada
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2
UTEX - Global platform with a user-friendly interface for cryptocurrency trading and innovative tools
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3
Revolut - Broker and UK-licensed bank providing access to trading 2000+ stocks
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4
Interactive Brokers - Operates since 1977 and covers over 150 markets in 34 countries
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5
Webull - $0 commission, no deposit minimum, 11 order types, fractional shares
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6
Ninjatrader - Advanced trading platform, no deposit minimum, futures trading only
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7
Robinhood - Fractional shares, $0 fees for U.S. stocks, interest on uninvested cash
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8
TD Ameritrade - Best for trading based on technical analysis (most advanced charting platform)
Why You Can Trust Our Ratings?
The broker ratings created by the Traders Union team are based on over 14 years of experience in financial markets and in-depth analysis. We evaluate brokers across multiple key parameters, including security, reliability, platform quality, and trade execution. With over 50 international experts, we apply strict criteria to select the best in the industry, earning the trust of hundreds of thousands of traders and numerous international awards.
Each broker undergoes comprehensive scrutiny to eliminate potential risks for investors. Our objective and verified data help users make informed decisions and trade safely. Additionally, we maintain lists of dishonest companies, protecting traders from potential fraud.
Our professional approach ensures that you can choose a broker who meets the highest standards of quality and security.
Best Online Brokerage: Detailed Overview
Best Online Broker for Traders
Best Online Broker for Beginners
Best Online Broker for Mobile App Users
Best Online Broker for Everyday Investors
Best Online Broker for Customer Service
Best Online Broker for Options Trading
Best Online Broker for Long-Term Investing
Best Online Broker for Active Trading
What Are the Fees Of Share Trading Platforms?
Below, we have compared the basic commission for stock trading per share, the minimum fee per order, and the withdrawal fee. This comparison aims to help you find the most cost-effective options that align with your trading habits and financial goals.
| Stocks/ETFs Fee per share | Min. fee per order | Options fee per contract | Withdrawal Fee | Inactivity Fee | ||
|---|---|---|---|---|---|---|
| Zero Fees | Zero Fees | No | No charge | No inactivity fees | ||
| 0,02-0,04% | 0,02% | Not provided | USDT (TRON) - 4 USDT USDT (Ethereum) - 10 USDT | No | ||
| Standard, Plus, Premium, and Metal Plans: 0.25% of the order amount. Ultra Plan: 0.12% of the order amount. | £1.00 in the UK, €1.00 in the Eurozone | No | No charge up to a limit | Not specified | ||
| 0-0,0035% | $1,00 | $0,65 | No | No | ||
| • US: 0,025% of total trade amount • HK: 0,03% of total trade amount | • US: Min, $0,50 during regular and extended hours, Min, $0,89 during overnight hours, • HK: Min, HKD 12 | $0,55 | ACH withdrawals are free; wire transfers are $25 for domestic and $45 for international, | No | ||
| Zero Fees | Zero Fees | Zero Fees | ACH withdrawals are free; domestic wire transfers are $30, international wire transfers cost 30 units of the originating currency | $25 per month if there is no trading activity | ||
| Zero Fees | Zero Fees | No | No | No | ||
| No | No | No | Not specified | Not specified |
Are Online Brokers Legal and Safe?
Regulatory oversight helps prevent fraud, ensures fair trading practices, and provides a mechanism for resolving disputes. Tier-1 regulation represents the highest level of regulatory oversight, offering the most stringent protections for traders.
| Broker | Foundation year | Regulation |
Regulation Tier
Regulation Tier indicates the level of regulatory oversight for brokers: Tier-1 provides the highest reliability and strictest standards, Tier-2 offers moderate oversight, and Tier-3 has the least regulatory protection, posing higher risks for clients.
|
|---|---|---|---|
| 2014 | Investment Industry Regulatory Organization of Canada (IIROC) U.S. Securities and Exchange Commission (SEC) Canadian Investor Protection Fund (CIPF) | Tier-1 | |
| 2020 | No | No | |
| 2015 | FCA | Tier-1 | |
| 1978 | SEC, FINRA, CFTC, NFA, IIROC, Central Bank of Ireland (CBI), Central Bank of Hungary (MNB), Securities and Exchange Board of India (SEBI), Japan Securities Dealers Association (JSDA), Monetary Authority of Singapore (MAS) | Tier-1 | |
| 2017 | SEC, FINRA, SIPC | Tier-1 | |
| 2003 | CFTC, NFA | Tier-1 | |
| 2013 | SEC, FINRA, Securities Investor Protection Corporation (SIPC) | Tier-1 | |
| 1975 | FINRA, SIPC | Tier-1 |
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For Traders in the USA: Regulation by US authorities such as the SEC (Securities and Exchange Commission) or FINRA (Financial Industry Regulatory Authority) is mandatory. This ensures adherence to strict financial standards and investor protection laws.
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For Traders in the EU: Brokers must be regulated in one of the EU countries or the UK. This ensures compliance with the stringent financial regulations of the European Securities and Markets Authority (ESMA) or the Financial Conduct Authority (FCA) in the UK, which provide strong investor protections.
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High Regulation (Tier-1) Brokers: In many countries, brokers with high-level Tier-1 regulation are legally allowed to operate if they accept clients from that country. Tier-1 regulation, which includes authorities like the FCA, SEC, and ASIC (Australian Securities and Investments Commission), is considered the highest standard due to rigorous oversight and enforcement of financial stability, transparency, and investor protection measures.
What Assets Can I Trade?
Aside from stocks and ETFs, top online trading platforms offer a diverse range of assets, allowing you to build a varied and robust investment portfolio. Here are some of the key assets you can trade:
| Fractional Shares | Penny Stock | Options | Futures | Bonds | Crypto | Forex | |
|---|---|---|---|---|---|---|---|
| Yes | No | No | No | No | Yes | No | |
| No | Yes | No | No | No | Yes | No | |
| Yes | No | No | No | No | Yes | Yes | |
| Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Yes | Yes | Yes | Yes | No | Yes | Yes | |
| No | No | Yes | Yes | No | Yes | Yes | |
| Yes | No | Yes | No | No | Yes | No | |
| Yes | No | No | No | No | No | No |
How to Open an Online Brokerage Account?
Opening an account with a stock broker involves several key steps. Here’s a concise, step-by-step guide:
- Visit the broker’s website and fill out the online application form.
- Provide personal details such as name, address, date of birth, employment status, and Social Security number (for U.S. residents).
- This process usually takes about 10-20 minutes.
- You’ll need to upload identification documents such as a passport or driver’s license, and proof of address (e.g., utility bill, bank statement).
- Verification can take a few hours to a couple of days, depending on the broker's procedures.
- Common methods include bank transfers, credit/debit cards, and electronic wallets.
- Bank transfers may take a few days, while card payments and electronic wallet transfers are typically instant.
| Bank Wire | Visa / Mastercard | PayPal | |
|---|---|---|---|
| Yes | Yes | No | |
| No | Yes | No | |
| Yes | Yes | No | |
| Yes | No | No | |
| Yes | No | No | |
| Yes | No | No | |
| Yes | No | No | |
| Yes | No | No |
- Set your trading preferences, such as currency, notifications, and security settings like two-factor authentication.
- Take time to explore the trading platform, including its features and tools.
- Once your account is funded and set up, you can start placing trades.
- Utilize the broker’s educational tools and research reports to inform your trading decisions.
| Education score | Demo | Research and data | |
|---|---|---|---|
| 9.40 | No | Yes | |
| 6.57 | No | No | |
| 9.90 | No | Yes | |
| 9.50 | Yes | Yes | |
| 8.90 | Yes | Yes | |
| 8.80 | Yes | Yes | |
| 8.60 | No | Yes | |
| 8.50 | Yes | Yes |
Our Methodology
Selecting the best stock brokers involves a comprehensive and meticulous evaluation process. We assessed more than 100+ brokers using over 65 measurable data points to ensure a thorough and objective analysis. Our methodology combines quantitative data points, user feedback, and expert insights to provide a well-rounded evaluation of each broker.
Key Parameters in Broker Evaluation
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1
Regulation and Safety:
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Importance: Ensures brokers operate within legal frameworks, providing protection to investors.
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Key Data Points: Regulatory status, compliance history, financial stability, and investor protection measures.
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2
User Satisfaction:
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Importance: Reflects the overall user experience with the broker.
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Key Data Points: User reviews, feedback on forums, ratings on financial websites, and customer service quality.
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3
Commissions and Fees:
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Importance: Affects the cost-effectiveness of trading.
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Key Data Points: Basic commission rates for stock trading, minimum fees per trade, withdrawal fees, and any hidden charges.
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4
Trading Assets:
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Importance: Determines the range of investment opportunities available.
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Key Data Points: Availability of stocks, ETFs, options, futures, forex, cryptocurrencies, bonds, mutual funds, commodities, REITs, indices, and CFDs.
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FAQs
What is a Brokerage Account?
A brokerage account is an investment account that allows you to buy and sell a variety of securities, such as stocks, bonds, ETFs, and mutual funds
Can I Trade Stocks Directly?
No, individual investors cannot trade stocks directly on stock exchanges. Instead, they must use a licensed broker to facilitate trades. Brokers act as intermediaries between the investor and the stock exchange, executing buy and sell orders on behalf of the investor. This process ensures compliance with regulatory standards and provides the necessary infrastructure for efficient trading.
How Much Money Do I Need to Start?
Most brokers either have no minimum deposit requirement or set it below $500. Technically, you can start trading with as little as $10, which can be a good starting point for long-term investing or trading. However, to achieve more substantial earnings, a larger investment is typically needed—generally more than $1,000. This larger amount allows for better diversification and the potential to generate more significant returns.
Should I Choose a Discount Broker?
Choosing a discount broker can be beneficial if you want to minimize trading costs. Discount brokers offer lower fees and commissions but may provide fewer services and research tools compared to full-service brokers. Consider your trading needs and preferences before making a decision.
Can I Transfer Stocks to Another Broker?
Yes, you can transfer stocks from one broker to another through a process called an Automated Customer Account Transfer Service (ACATS). This process typically takes a few days to complete and may incur fees from your current broker.
Is My Money Protected by Investor Protection Funds?
In the USA, your money is protected by the Securities Investor Protection Corporation (SIPC) up to $500,000, including a $250,000 limit for cash. In the UK, the Financial Services Compensation Scheme (FSCS) protects investments up to £85,000 if the broker fails. In other countries, the availability of such protection depends on the local regulator. Always check the specific investor protection schemes offered in your country before opening an account with a broker.
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