Choosing the right online broker is crucial for investors at any level. The best platforms offer zero-commission stock and ETF trading, extensive no-transaction-fee (NTF) mutual funds, low-cost options, and futures trading. They also provide robust tools for research, portfolio management, and reliable customer support.
Here’s a curated list of the top online brokers tailored for everyday investors:
Top Online Brokers for 2025
1. Robinhood Gold Trading
Best for High APY on Uninvested Cash
- Fees: $0 commissions (subscription fee applies after 30-day trial).
- Promotion: Earn 5.25% APY on uninvested cash (limited time).
- Why We Like It: Simple interface, fractional shares, and cash management perks.
2. TradeStation
Best for Active Traders
- Fees: $0 stock/ETF trades, $0.60/options contract.
- Promotion: Cash bonuses from $150.
- Why We Like It: Advanced charting tools and customizable platforms.
3. J.P. Morgan Self-Directed Investing
Best for Beginners
- Fees: $0 stock/ETF/options trades ($0.65/contract).
- Promotion: Up to $700 with qualifying deposits (expires 4/15/2025).
- Why We Like It: Integrated banking and intuitive tools.
Comparison Table
| Broker | Stock/ETF Fees | Options Fees | Promotion |
|---|---|---|---|
| Robinhood Gold | $0 | – | 5.25% APY |
| TradeStation | $0 | $0.60/contract | $150+ bonus |
| Fidelity | $0 | $0.65/contract | $100 sign-up bonus |
How to Choose the Best Broker
Consider these factors:
- Fees: Look for $0 commissions and low margin rates.
- Investment Options: Stocks, ETFs, crypto, or alternatives.
- Tools: Research amenities, mobile apps, and customer support.
FAQs
Are online brokers safe?
Yes, if they’re SIPC-insured (up to $500,000). Avoid non-member brokers.
Can I transfer stocks between brokers?
Yes, via ACATS. Contact the receiving broker to initiate.
How soon can I start trading?
Most accounts are active within 1–3 days after funding.
👉 Learn more about safe investing
Methodology
We evaluated brokers based on:
- Investment Selection
- Fees & Commissions
- Trading Technology
- Research Tools
- Customer Support
Final Tip: Diversify platforms based on your strategy—e.g., Robinhood for simplicity, TradeStation for advanced trading.
Updated for 2025.