Free trading brokers

Opening an account with TD ameritrade is simple, and you have extensive customer support options available in case you have questions.

No deposit forex bonuses

Best Free Stock Trading Brokers of 2021, free trading brokers.

The company can be reached through most traditional methods, as well as by direct message on facebook and twitter. Merrill edge from bank of america offers lucrative sign-up bonuses and unlimited free trades.

Best free stock trading brokers of 2021

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Trading stocks used to be difficult for newer investors or people with smaller portfolios to make a profit. Any hopes of gains would evaporate when it was time to pay the transaction fees on purchases and sales. However, that’s all changed with the new trend of free stock trading sweeping the industry. Investors can now make commission-free stock trades through online brokerage firms. The best free trading platforms offer no commissions, no membership fees, helpful research resources and user-friendly websites and apps that cater to investors of all skill levels.

Featured stock brokers

The 7 best free stock trading brokers of 2021

Robinhood: best for beginners

Charles schwab: best for buy-and-hold

E*TRADE: best for active traders

Fidelity: best mobile app

Merrill edge: best for self-directed investors

Interactive brokers: best desktop platform

TD ameritrade: best educational resources

Best free stock trading brokers at a glance

provider	mobile app rating	self-directed, robo or advisor?	Key benefit
robinhood	3.75/5	self-directed	cash not invested earns 0.30% APY
charles schwab	4.6/5	self-directed and advisor	widest array of additional products
E*TRADE	4.1/5	self-directed, robo and advisor	no fees for mutual funds
fidelity	4.6/5	self-directed, robo and advisor	margin rates starting at 5.00%
merrill edge	4.35/5	self-directed and advisor	integrates with bank of america banking
interactive brokers	3.5/5	robo	invest in global stocks
TD ameritrade	4.0/5	self-directed, robo and advisor	multiple innovate account management tools

Best for beginners – robinhood

Although robinhood has made a name for itself in recent years, its lack of customer support and market insight make it more of a back-up option than first-choice investing platform.

Robinhood offers fee-free stock trades, fractional shares and informative resources for beginners as well as options for seasoned investors.

Robinhood offers several great benefits for beginner investors on its commission-free trading platform. One of the biggest standout features of robinhood for beginners is fractional shares, a feature recently rolled out on the platform to all customers. This will allow smaller investors to get involved and not have to sacrifice diversification. On top of all this, your cash that’s in your account uninvested will earn 0.30% APY and comes with a debit card to access it.

However, robinhood’s customer support is lacking — customers can only fill out a form online to reach out with issues. Its platform also experienced serious downtime in march 2020, causing many people to miss out on opportune stock trading for almost three days.

Best for buy-and-hold – charles schwab

High customer satisfaction and a bevy of investing products ranks charles schwab high in our review. However, high minimum deposits may keep beginners from starting with this firm.

Charles schwab offers a limited number of fee-free trades on stocks and etfs ideal for lower volume traders.

Investors looking for fee-free trades will be able to get them through charles schwab. However, there are some limitations. You will need to invest at least $100,000 into your trading account. This may limit a lot of investors from being able to take advantage of fee-free trading. Additionally, the program is limited to 500 equity or options trades good for the next two years. Compared to some of the other free trade brokers, this is rather limiting. But if you have the money to open the account and are planning on holding a lot of your equities for a while, it may work for you.

If you’re looking for a broker that offers additional services, though, charles schwab could be a good fit. The bank has a laundry list of additional services all the way from bank accounts to retirement accounts to managing trusts. Charles schwab could be best for people looking for all of their banking needs in one location.

Best for active traders – E*TRADE

Known for being a great platform for day traders, E*TRADE makes it easy to stay updated on market news and research. Coupled with no account minimums, customers can get started easily.

E*TRADE offers commission-free trades on stocks, mutual funds and etfs with no caps on how many trades you can make.

Active traders looking for uncapped commission-free trades should check out E*TRADE. The company has no limits on the number of trades you can make on stocks, etfs and mutual funds. E*TRADE’s expansive learning library not only has great articles for beginners, but the company also includes many resources for advanced training.

E*TRADE offers all three forms of stock investing — self-directed, robo and dedicated advisors. Whatever level of involvement you want with your account, it can be achieved through the platform.

Best mobile app – fidelity

Fidelity scores high due to its high customer satisfaction from J.D. Power and robust, easy-to-navigate mobile app. This brokerage account is highly recommended as a great platform to start investing.

Fidelity delivers investors a high-quality mobile app allowing for unlimited commission-free trades on stocks, etfs and options.

Fidelity is a well-rounded option for investors looking to cash in on commission-free trades. The company offers self-directed, robo advisor and dedicated advisor support for whatever level of help you’re looking for. Fee-free trades are available on U.S. Stocks, etfs and options trades. Additionally, more seasoned investors looking to get into margins trading will see published rates as low as 5%.

The company’s app scored well in both the apple store and the google play store with tons of glowing reviews. Investors looking to stay up with their trades on the go will like what fidelity has put together on the mobile front.

Best for self-directed investors – merrill edge

Bank of america’s investing arm scores average in customer service, but its variety of products and low minimum deposit make up for its faults. If you’re already a bank of america customer, this is a great place to start investing.

Merrill edge from bank of america offers lucrative sign-up bonuses and unlimited free trades.

If you’re looking to open an investment account you’re in charge of, merrill edge is a viable candidate. What jumps out first is that the company is offering up to $600 in bonus funds for investors who open new self-directed brokerage accounts in may 2020. To get the full reward, you will need to invest $100,000.

Merrill edge’s ios app has one of the highest ratings in the industry, with the android app not far behind. The bank-backed company offers self-directed investment accounts as well as merrill’s guided investment program. Annual fees for advised accounts are 0.45% for guided accounts and 0.85% for managed accounts, but have $5,000 and $20,000 account minimums, respectively.

Best desktop platform – interactive brokers

Interactive brokers’ desktop platform makes it easy to interpret the market and make self-directed investing decisions. Additionally, investors looking to expand their portfolio will find a variety of investment products at their fingertips here.

Interactive brokers offers robo advisor options with several different portfolios investors can choose from.

With your interactive brokers account, you have the option of investing in several pre-setup portfolios or answering questions and getting a more personalized portfolio. The majority of investment opportunities are managed automatically, which makes this a viable option for investors who want to be hands-off.

The desktop platform is quite intuitive but may feel a little overwhelming for a newer investor, however, investors looking to trade in more unique fields will enjoy the options at interactive brokers. These include futures, options, fops, forex, metals and global investments.

Best for resources – TD ameritrade

A great mobile app, amazing customer service and multiple portfolio options make TD ameritrade a great place to start — for both beginners and experienced investors alike.

Customers can learn more about the world of investing with TD ameritrade’s wealth of online resources.

TD ameritrade is jam-packed with technological resources to help you take advantage of unlimited fee-free trades and other investment products. The company has extensive third-party research resources, the bond wizard, market java, alerts and watch lists and market edge. If you’re looking to invest somewhere that gives you some of the tools the pros use, TD ameritrade should be on your radar.

Opening an account with TD ameritrade is simple, and you have extensive customer support options available in case you have questions. The company can be reached through most traditional methods, as well as by direct message on facebook and twitter.

How to find the best free stock trading brokers

It’s not hard to find an offer from a broker that promises you free trades. But not all “commission-free” platforms are created equal. I dug into roughly a dozen of the most popular brokers out there.
Among these platforms, I investigated the following factors.

Free trades that last: it’s common practice in the broker biz to offer an initial discount to win new clients and then ratchet up the cost per trade after a few months. But what’s the point of buying a stock or an ETF for free today only to be charged a big-time commission to sell it tomorrow?

A wide menu of commission-free options: it’s also increasingly common for brokers to tout commission-free ETF trades. For instance, vanguard offers about 70 commission-free etfs under its own brand to customers. But many of them are boring mainstream funds that skew toward large, US-based corporations — meaning any truly tactical trades won’t be covered in this limited universe of commission-free options.

No sneaky costs that offset savings: brokers aren’t nonprofits, of course, so if they’re waiving fees, then they’re looking to make money in other ways. That means reading the fine print to see if there are other surcharges that could eat away at your savings in a similar way to conventional commissions. For instance, it’s also worth noting that vanguard’s brokerage platform will tack on a $20 annual account maintenance fee if you’re a small-time investor with less than $10,000 invested in its branded mutual funds and etfs.

How should I choose the right free stock trading broker?

Choosing the right free stock trading broker is a critical step in your investment journey, as you will most likely spend the next few years or longer investing through the platform. Some of the most important things to consider when making your decision include the quality of the desktop and mobile apps, the reliability of the customer service, any lucrative promotions and the overall trust you have in the provider.

Additionally, look for any added resources, helpful tools or research platforms that you may gain free access to as a client. While these things are not necessary to make a commission-free trading platform the right fit, it’s always smart to get the most bang for your buck.

How do I claim stock returns on my income taxes?

If you make money on your stock investments, you will be required to pay taxes on those gains. What you will pay and when you will pay will depend on several factors. For stocks that you hold for less than a year, you’ll pay your normal income-tax rate.

If you hold the stocks for longer than a year, you won’t owe income tax, but you will owe capital gains taxes. The percentage you owe on these gains will be from 0% to 20%, dependent on your taxable income.

For investors that own dividend-paying stocks, you’ll need to ensure you pay taxes on your dividend payments every year. You will receive a form 1099-DIV each year from each company that you earn dividends from letting you know how much you need to report.

While paying taxes on income gains is never fun, many would agree it’s a good problem to have.

Stock trading fees to keep in mind

I’m a big believer in keeping down investing costs. And keeping your commissions in check isn’t the only way to guard against unwanted fees in your investment portfolio. A few other important expenses that can add up include:

Margin interest: as mentioned in reviewing robinhood above, the company makes its money by charging investors who trade “on margin” with borrowed money. The fee structure at robinhood allows you to secure $1,000 of buying power for 30 days for a cost of $5. Doesn’t sound like a lot to you? Then consider it adds up to $60 a year if you don’t pay the $1,000 back quickly. You easily offset any savings from commission-free trading with that kind of cost structure, so be wary of trading on margin.

Fund expenses: while brokers like fidelity, vanguard, and charles schwab may waive commissions on some funds, those investments aren’t 100% free. Every mutual fund or ETF carries an “expense ratio,” or an annual charge that is automatically deducted from your investment returns without you seeing it. Take two commission-free offerings from charles schwab: the U.S. Broad market ETF (SCHB), with a super-low expense ratio of just 0.03%, and the john hancock multifactor mid cap ETF (JHMM), with a moderately high expense ratio of 1.11%. The first will cost you just $3 annually on every $10,000 invested while the other will cost you $110 in expenses. If you really want that second fund for the strategic advantage, that’s fine, but remember it needs to perform much better to offset the additional cost.

Taxes: the IRS taxes all investment profits as capital gains, but short-term investments are taxed at a significantly higher rate. For a married investor who files jointly and has a household income of $120,000 a year, they would pay a 15% tax rate on profits for stocks held more than a year. But if that investor buys and sells within a few months, they would pay a 25% tax rate. Or put another way, a $10,000 investment profit turns into $8,500 after a 15% tax if you held your stock for 366 days. If you hold for 365 days, that profit is just $7,500 after a 25% tax.

Going with either of these “free” brokers is a great start to keeping your expenses down. But remember that commissions aren’t your only cost center.

Even modest stock trading fees can add up

Of course, the irony of me harping on costs is that many investors are paying lower fees than ever before to invest in the market. Consider a business insider report that quotes one veteran broker who estimates an average trading commission was $45 in the 1980s, and it wasn’t uncommon to see larger orders cost an investor hundreds or even thousands of dollars.

If you’re paying $10 a trade, then it may seem like you’re way ahead of the game. But even a small amount of fees matters big-time, since any money you give your broker is cash that’s not accumulating bigger profits in the market.

You have $1,000 to invest, and make five consecutive trades that net 30% returns each. With zero transaction fees and compounded returns, you finish with $3,713.

You have $1,000 to invest, and make five consecutive trades that also net 30% returns each, but this time you are charged a $10 commission to buy or sell. You instead finish with $3,531 – a nice gain, but around $200 less in total profits when you account for both the cost of commissions and lost profit on money paid to your broker.

On the surface, $10 doesn’t sound like a lot of money. But as you can see, over time even those seemingly modest costs can really add up.

Too long, didn’t read?

Trading stocks can be a fun and fruitful addition to your investment strategy. With the introduction of commission-free trading, smaller investors can turn a profit while still actively trading. No longer will you be forced to decide between giving up profits to transaction costs or making the right trade. The best free stock trading brokers of 2020 can help investors of all levels get started today.

Best online & free trading brokers

There are a lot of different free trading brokers and online brokers in the industry. Some companies are better than others depending on whether you’re going to trade stocks, options, or futures. Fees have become much more affordable due to all of the competition between companies in the industry. We breakdown the top ones to choose from based on your trading style. Watch our video on choosing the best online and free trading brokers.

Looking to learn about free trading brokers? The stock market is a polarizing way to make money. There are a lot of different methods out there promising wealth. But what’s right and what’s wrong with all the information out there?

It can be completely overwhelming as a new trader. There are “gurus” who claim technical analysis is awful and you should stay away while others claim it’s king. They’re asking you to sign up for their courses for the cost of a house payment or car payment each month.

There are a lot of companies that offer free courses and e-books, telling you they have the magic formula to trading. Here’s a hint though…there isn’t one. It takes a lot of hard work and studying, that’s the magic formula to becoming a successful trader. Enough of that rant haha and let’s get down to business with choosing the right free trading company.

List of the top free stock trading brokers

Now a days we tend to look for free stuff. Who doesn’t like free things? As a result, we’re going to take a look at a list of free trading brokers. That way you can make sure you’re getting the best one available.

We also have a section above called “tools” which reviews many of the top companies in the industry. We give a breakdown of the best trading platforms as well as the best tools available.

It’s important to have solid tools to help you become a good trader. Like any profession, tools are useful to help get the job done right. In the trading profession tools like a stock scanner and charting service are really helpful to make trading easier. Check out our list of the top trading companies.

We typically don’t give a broker the significance it deserves. In fact, they are the hub of all the trading we do. It’s where we place our buy and sell orders, where we chart and at times where we scan for plays.

Commission fees play a part in why we may choose the broker that we do. As a result free trading brokers have become quite popular. Companies such as robinhood and webull have become quite the rage in the industry, which we will get into below.

With that being said, you want to make sure you get the best possible features in the company that you choose to use when trading. Many of times, the commission fees we pay go into supplying the tools that brokers provide.

As a result, when we skimp on the brokerage fees, we can sometimes get bare bones with free stock trading brokers. We’re going to take a look at the top three companies available right now (learn how to invest in stocks).

Webull – one of the best free trading brokers on our list

Webull is a new free trading broker that’s come on the scene recently. It was founded in 2017 and is a mobile app. Therefore, you can trade right from your phone.

Since the development of smart phones, free trading companies have been making apps to trade from. As a result, you can trade from anywhere; whether you’re at the dentist or getting an oil change.

Webull is commission free. They offer stocks and etfs on their platform. Therefore, if you trade options, you’re out of luck as of right now.

In fact, webull is seen as direct competition for robinhood when it comes to free trading brokers. However, we know that you can have more than one trading broker.

Webull is great for active traders. But of you’re not trading all the time, the good news is that they don’t charge to maintain an account. They also don’t charge to open an account nor do they have maintenance or software fees.

Firms like webull should be considered. Their platform might be a little more advanced for a new trader. However, it is a platform that you can learn.

They also have a simulated trading platform and offer courses to learn stock market trading. Their simulated trading account offers real time data. A real plus with free online brokers. Read our in depth review and sign up for webull here.

Robinhood – one of the best free stock trading brokers on our list

Robinhood might be the most well known of all the free trading brokers available. They also have zero commission fees. In fact, you’ve probably seen people offering a free share on robinhood.

That just lets up know that robinhood is popular among free trading companies. In fact, they just started offering options and cryptocurrency.

That can be quite exciting to traders that are into trading bitcoin or options. If you’ve ever traded options in a broker that charges commissions, then you know free commission on options trades is exciting.

Hence why robinhood is so well known and popular among free trading companies. Another plus to this free broker is the fact that they don’t charge withdrawal or inactivity fees. This is a plus when life happens and you need to take a break from trading for a bit.

However, their platform is a little bare bones. That is the danger you run into with free trading brokers. Although, many times, you can use another platforms charting while buying and selling on robinhood.

They do have a membership that does charge a subscription fee. Robinhood gold is their subscription in which they give you margin. It’s $5 a month. If you use more than $1,000 in margin a month they take a 5% yearly interest charge.

If you’re looking for good free trading companies then robinhood is definitely one to check out. Read our in depth review and sign up for robinhood here.

Tradezero

Tradezero is a apart of free trading brokers that will have day traders with accounts under $25,000 jumping for joy. Not only are they commission free, they aren’t under the PDT rule.

As a result, you can day trade as much as you want. They’re located in the bahamas. Hence the reason anyone using their platform doesn’t have to follow the PDT rule.

Their claim to fame is free limit orders. However, they’re only free if you’re buying at least 200. If you place a trade that is 199 shares or less, you’ll pay a $0.99 flat fee.

They’re great as a shorting broker as well as a free trading company. Therefore, if you’re into shorting, you’ll be very happy with tradezero when looking for free trading companies.

The biggest downside is that a US citizen who doesn’t have citizenship in another country, will most likely have their application rejected. Hence the need for different free trading brokers to look at.

Since we’re a global trading community, we’re including a free stock trading broker that’s for traders outside the US. Therefore, if you’re outside the US and love to short, this broker is for you. Read our in depth review and sign up for tradezero here.

Where can I trade stocks for free? (list breakdown)

Robinhood – trade stocks for free – $0 US stock, ETF, options, and cryptocurrency trades

Webull – $0 US stock, ETF, options,

E-trade – $0 for stocks, options, and etf’s

Tradezero – zero commission fees

Ally invest – $0 for stocks ($3.95 at discounted select pricing rate) $0.00 commission-free etfs

Alerts and watch lists

If you’re a part of our live streams in our trading room or watch our youtube videos, you can practice trading on these free trading brokers. Check out our trading service.

We also have trade alert setups for our community members. Our setups are key breakout and breakdown areas of what we are potentially looking for a stock to do.

Looking to learn stock trading? Please watch our watch list videos on our youtube channel to see how these alerts and watch lists work. In fact, you can watch us build our watch lists to day and swing trade.

Practice trading these watch lists on any free online brokers you sign up for. The more you practice, the better you get.

In fact, by watching us build our watch lists, you’ll begin to understand support and resistance along with patterns. Support and resistance are the name of the trading game.

Patterns won’t guarantee the direction of a stock. But they give great clues to what a stock wants to do.

We also offer real-time stock alerts as well. These are our options alerts that community members are able to follow but you can trade the shares on them also. Please read our disclaimer first before taking any trades.

Top 4 brokers with commission-free trading for europeans in 2021

High fees and commissions have long haunted european investors. At least that’s how it was until just a few years ago. Thanks to the growing amount of educational resources available online, retail investors are increasingly becoming aware of the long-term implications of fees on their assets.

Inspired by robinhood and other free trading platforms from the US, a number of european brokers are now following suit by offering zero-commission trades for stocks and exchange traded funds (etfs). Prices are no doubt going down, but at the same time, the number of brokerages to choose from is only going up.

But while all these online platforms fight to lure new clients with sleekly designed mobile apps and very few strings attached, the question arises: how do you find the right broker for your needs?

To help you make up your mind about where to start, I tested and compared a number of brokerages offering commission-free trading for europeans. Some are native european ones, while others are based in the US. I primarily looked at the top brokerages for zero commission trading in europe of stocks and etfs, but some providers are starting to offer different instruments like options with low or no trading fees. There should be something for everybody.

Risk warning: we do not endorse contracts for differences (‘cfds’), however, EU law requires that we provide the following disclaimer: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 59 – 80% of retail investor accounts lose money when trading cfds with these providers. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

The best brokers for commission-free trading in europe

Overview of the best brokers for commission-free trading in europe:

Etoro: best for free stock & ETF investing. Founded in 2007 and highly regulated, etoro offers commission-free stock and ETF trades for europeans, with access to over 1,900 instruments. It’s a solid, all-around broker for new investors.

DEGIRO: great low-cost equity broker. Launched in 2013, DEGIRO is a popular european discount broker with commission-free monthly ETF trades and low stock trading fees. Investors looking for low-cost and easy maintenance may find DEGIRO a great fit.

XTB: best for active traders. Regulated by multiple top-tier financial authorities across europe, XTB is a highly popular low-cost brokerage due to its cutting-edge tools and platforms, and zero commission fee structure on stock indexes, commodities, forex, and cryptocurrencies.

Firstrade: best for US options and investor protection. Operating since 1985, firstrade is a long-standing US broker that offers free trading of US options and stocks to european investors, with the benefit of $500,000 account protection through the SIPC.

Etoro: zero-commission on stocks and etfs

Top 4 Brokers With Commission-Free Trading for Europeans in 2021 3

Best for: zero-commissions stocks & etfs

Founded in 2007, etoro is an international discount broker with 12 million users, making it one of the largest in the world. Investors based in the EU or UK can enjoy commission-free trading of stocks and etfs, while traders have access to an extensive list of commodities, cryptocurrencies, forex, and indices at competitive spreads.

Zero-commission on real stocks and etfs

Regulated by the FCA (UK), cysec (EU), and ASIC (AU)

12 million registered users

Auto-copy trading strategies of others

Besides its long track record, etoro is regulated by the cyprus securities and exchange commission (cysec) and the UK’s financial conduct authority (FCA), meaning EU investors are protected up to €20,000, and UK clients up to £85,000

We do not endorse contracts for differences (‘cfds’), but we are required to provide the following disclaimer: 67% of retail investor accounts lose money when trading cfds with this provider.

Etoro charges no fees for opening or closing normal stock or ETF trades (non-leveraged positions), and there are no mark-ups, no ticket fee, and no management fees involved. This means clients can enjoy a large amount of commission-free stock and ETF trades with few restrictions. The one downside is that etoro only offers USD-based accounts.

CFD trades incur a spread fee of 0.09% for buy and sell and overnight and weekend rollover fees. However, these are not relevant if you plan on holding normal stocks and etfs.

Etoro features

trading fees	none, low
products	stocks, etfs, indices, crypto, forex, commodities, cfds
supported countries	all of europe (minus serbia)
regulation	FCA (UK clients), ASIC (australian clients), cysec (EU clients & others).
Minimum deposit	$200
inactivity fee	yes, $10 monthly if no login for 12 months
time to open account	48 hours
base currencies	USD
demo account	yes

Etoro is not available in the following countries: albania, belarus, belgium, croatia, faroe islands, greenland, iceland, north macedonia, moldova, montenegro, portugal, serbia, slovenia (visit etoro for the full list).

Etoro is a multi-asset platform that offers both investing in stocks and crypto assets as well as trading CFD assets.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via cfds, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.

Past performance is not an indication of future results.

DEGIRO: zero-commission ETF broker with low trading fees

DeGiro: Top online broker in Europe with low fees for stocks and etfs

Best for: everyday investors

Based in the netherlands, DEGIRO is a highly popular discount broker due to its low fees and monthly free ETF trades. Aside from stocks and etfs, DEGIRO offers bonds, options, futures, and leveraged products and access to around 50 exchange worldwide.

With industry-leading commission rates, according to their website, and a beginner-friendly trading platform, DEGIRO may be a perfect fit for investors looking for low costs and ease-of-use.

Disclaimer: investing involves risk of loss.

While DEGIRO’s fees are among the lowest in europe, as compared on their website, the broker only allows one commission-free ETF trade per month, regardless of size. See the list of included etfs and applicable terms here. If you plan on trading more, etoro might be a better choice.

DEGIRO charges no fees for depositing or withdrawing funds, and no account minimums, trading requirement, no inactivity fee, no charge for annual maintenance, and no custody fees.

Free services aside, trading an international ETF costs €2 plus 0.03% of the order value. Charges for trading stocks vary more, but the fees are generally very low. Trading a stock on the london stock exchange will set you back £1.75 plus 0.022% (with a maximum of £5.00), while trading on xetra costs €4.00 plus 0.05% (with a maximum of €60).

Moreover, there is a connectivity fee of €2.5 per year for each exchange you trade on (except the london stock exchange), and a currency exchange fee: 0.10% of the traded amount.

DEGIRO features

trading fees	low
products	shares, etfs, bonds, options, futures, leveraged products
supported countries	see list
regulation	AFM (netherlands)
minimum deposit	€0
inactivity fee	no
time to open account	24 hours
supported currencies	CHF, CZK, DKK, EUR, GBP, HUF, NOK, PLN, SEK

XTB: zero-commission indices & commodities

Top 4 Brokers With Commission-Free Trading for Europeans in 2021 4

Best for: active trading

Founded in 2002, XTB is a trusted multi-asset broker regulated by several prudent financial authorities in europe. XTB offers a broad suite of instruments tradeable at low costs, including over 1,500 stocks, 100 etfs, 40 indices, major commodities, plus all the most popular FX and cryptocurrency pairs.

XTB recently started offering free real stocks and ETF trades (not cfds) in a growing number of european countries, including the czech republic, germany, portugal, poland, france, spain, romania, and slovenia.

We do not endorse contracts for differences (‘cfds’), but we are required to provide the following disclaimer: 82% of retail investor accounts lose money when trading cfds with this provider.

XTB delivers a great all-around package for active traders thanks to its beginner-friendly trading platform suite, the xstation 5, but also because of its simple pricing model for private traders, with zero commissions charged on indices, commodities, forex, and cryptocurrencies for its retail ‘standard’ account.

Regulated by multiple european authorities (e.G. FCA, cysec, KNF)

Negative balance protection for private customers

Long track record since 2002

Beginner friendly trading platforms

The standard account keeps things simple by avoiding calculating commission for each trade as it instead charges a spread at min. 0.35. Besides the commission-free products, XTB offers cfds on stocks and etfs from as little as 0.08% per lot.

XTB features

fees	low
products	stock indexes, commodities, forex, CFD, crypto (real stocks and etfs in certain countries only)
supported countries	most european countries
regulation	FCA (UK), cysec (cyprus), KNF (poland), CNMV (spain)
minimum deposit	€0
inactivity fee	no
time to open account	48 hours
base currencies	multiple
demo account	yes

Firstrade: commission-free US equities and options

Top 4 Brokers With Commission-Free Trading for Europeans in 2021 5

Best for: commission-free options trading and investor protection

Founded in 1985, firstrade is a highly trusted US broker that offers commission-free US equity and option trades to european investors and is popular for its easy-to-use mobile trading app. Overall, firstrade is a great brokerage for investors and retail trader and presents a robust alternative its europe-based competitors.

Besides its long track record, firstrade is strictly regulated by the securities and exchange commission (SEC), and international investors enjoy protection from the securities investor protection corporation (SIPC) up to $500,000 – far surpassing the EU’s mandatory compensation scheme of only €20,000.

On firstrade’s secure website

EU citizens should note that US-domiciled etfs are not accessible due to new MIFID & priips rules.

While the design of firstrade’s web-based trading platform is slightly outdated, I am highly impressed by its mobile app. It offers a clean design and beginner-friendly layout, with numerous order types for trading. Other benefits include cross-device synching of watch lists and real-time streaming quotes.

Firstrade offers commission-free stock and option trades for the US market for international customers. There are no minimum deposit, inactivity, or account maintenance fees for equities. However, international outgoing transfers costs $50, which is something to keep in mind.

Firstrade features

fees	none, low
products	US stocks, options, bonds
supported countries	most european countries
regulation	SEC, FINRA
minimum deposit	$0
inactivity fee	no
time to open account	48 hours
base currencies	USD
demo account	no

Firstrade is available in: austria, belgium, czech republic, denmark, finland, france, germany, ireland, italy, norway, poland, portugal, spain, sweden, united kingdom

How to choose a commission free broker in europe

How do you choose a reliable broker for commission-free trading?

Whether you’re an active trader or buy-and-hold investor, there are a number of things to keep in mind before choosing a broker. ‘commission-free’ brokers in europe can in some cases be expensive to use if the overall costs are not assessed appropriately.

Although it may not seem so from the surface, commission-free trading in europe is never completely free. While the price for opening or closing a position is generally cheaper than with traditional brokers, the companies offering these services still need to make money.

They charge some kind of fee, be it for exchanging currency, withdrawing funds, or something else. Commission-free trading in europe often means that the fees are incorporated in the spread. Also, low-cost brokers often lack the breadth of products, charting, news streaming, or advanced tools offered by heavy-weight firms.

With the above pros and cons in mind, its time we delved into the list of brokers and mobile apps offering commission-free trading in europe.

Watch out for exchange fees

When topping up your account, some brokers automatically exchange your funds into a different denomination than you deposited, often USD. However, larger brokers usually accept local currency deposits.

These are then subsequently exchanged into the denomination of the asset you purchase, either automatically or manually. In return for this service, the broker will charge a flat fee, percent of the exchanged amount, or a give a less attractive exchange rate than the one you find on google (the so-called inter-bank exchange rate).

One way to get around this problem is to use low-cost exchange services like revolut or transferwise for your deposits.

Mind the spread

A spread refers to the difference between the sell (bid) and the buy (ask) price of a security. When trading stocks, most brokers use market spreads, meaning they match the bid and ask price on the market. For this they charge a fee for every trade. Commission-free brokers might incorporate these fees into the spread which is perceived as less transparent.

Are they licensed?

Choosing an unlicensed broker is never a good idea. Frankly, it’s a great way to walk headlong into a scam. Only trust a licensed broker with your money, as these are overseen and regulated by national regulatory bodies. Meaning they have to comply with strict rules and perform AML and KYC verification.

Equally important, client funds are protected through compensation schemes in case the company goes bankrupt.

For serving european clients, a lot of brokerages settle on cyprus as their base. Cyprus has a low corporate tax rate of only 12.5%. At the same time, the country is member of the EU and has fully implemented the markets in financial instruments directive (mifid), meaning they’re allowed to sell their financial services customers in all EEA member states.

Frequently asked questions

Frequently asked questions about commission-free trading

What is a commission?

A commission refers to the fee charged by a brokerage for handling sales or purchases of securities on your behalf.

What is a spread?

A spread is the difference between two prices, usually the buy versus sell price. In equity trading (stocks, etfs), the spread refers to the difference in price between bid and sell orders on the market. However, some brokers incorporate their fees into the spread which is considered less transparent.

What are spreads in trading?

In forex and CFD trading, spread can be thought of as the brokerage fee for executing a position. When buying, the price will always be higher than the real market value, and when selling it will be below it.

What are cfds?

A CFD (‘contract for difference’) is a financial derivate used to speculate on price movements of financial markets like shares, crypto, forex, commodities, and indices.

Best free broker apps

Sarah horvath

Contributor, benzinga

Jump straight to webull! Now open to ALL stocks.

Anyone from online brokers to robo advisors offer free stock trading for new account holders. And now, with robinhood finding wild success, you’ll find another new class of online brokerages looking to compete in the free stock trading world. With new brokerages and free stock trading promotions popping up, they can be hard to keep track of.

Every month, benzinga hunts down where you can trade for free and puts the brokers in the list below. You can check back on the 1st of each month for more exclusive deals, promotions and other opportunities for free trades. If you’re looking for a new brokerage, it’s also worth it to check out benzinga’s picks for the best online brokers to compare services, fees, and other features.

Best free stock trading brokers and apps:

Best for active stock traders: tradestation

Best mobile brokerage: webull

Best for day traders: TD ameritrade

Best mobile app: moomoo

Best for all levels: charles schwab

Best for retirement savers: E*trade

Simplest platform: vanguard

Best for access to foreign markets: interactive brokers

Best for passive traders: M1 finance

Best for free trades: firstrade

Best for beginners: robinhood

Best free broker apps:

Commissions

Account minimum

Best for

1. Tradestation

Signing up for an account with tradestation is intuitive and simple. You’ll begin by choosing the type of account you want, entering a little personal information, answering a few questions about your experience level and agreeing to the company’s terms of service.

A tradestation representative will review your application and open your account. As soon as your account is open you can begin funding your account and making trades.

If you’re new to trading, you’ll love tradestation’s simulated trading tool. Its simulated trading tool allows you to practice entering buy and sell orders, using tradestation’s suite of charting and analysis tools and using your trading strategy without risking any of your own money. Though it was originally aimed at professional investors, tradestation now offers a wealth of education options that brand new traders can understand and use.

Tradestation offers traders a variety of affordable equity and contract trading options. You can currently trade stocks, bonds, mutual funds, etfs, futures, options and cryptocurrencies on tradestation’s platform. For each asset, you can use tradestation’s comprehensive platform to inform your trades and screen by your chosen set of indicators.

Commissions

Account minimum

Best for

2. Webull

Webull is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the securities and exchange commission (SEC) and the financial industry regulatory authority (FINRA).

Webull offers economic calendars, ratings from research agencies, margin trading and short-selling. Its intuitive trading platform is complete with technical and fundamental analysis tools. Its a solid option for active intermediate and advanced traders.

You’ll enjoy commission-free trading for more than 5,000 different stocks and etfs. There are no maintenance or software platform fees, and no charge to open or maintain an account.

Commissions

Account minimum

3. TD ameritrade

TD ameritrade offers the best of both worlds. On one hand, 0-commission trading and a vast library of educational articles and videos make TD ameritrade ideal for a new investor’s first brokerage account. On the other hand, technology like the thinkorswim platform gives accomplished traders the tools needed to pull off labyrinthine options trades or sell livestock futures at 3 a.M.

TD ameritrade has developed a user-friendly platform and tries to appease investors of all shapes and sizes. From account signup to trade execution, the process is smooth and painless. New accounts can be opened in minutes and a variety of different options are available, including retirement vehicles like roth iras and custodial accounts like UTMA/UGMA and 529 plans.

TD ameritrade has several ways to get in contact with their support staff. The easiest way to get in touch is via phone. Ameritrade offers 24/7 phone support for both new and existing clients. Finding an exact email address is difficult though — you’ll just be directed to a form located on the website, which means a back-and-forth email conversation is difficult. Text support is also available, but live chat options only occur during normal working hours.

Commissions

Account minimum

Best for

4. Moomoo

Moomoo’s powerful app, complete with an intuitive investing platform, isn’t just for first-time investors. In fact, you can get level 2 market data, charts and technical indicators, 3rd-party ratings and insights, capital flows, graphs and more.

Don’t miss out on conditional alerts, its customizable stock screener and more. It’ll improve your trading experience. Don’t miss out on moomoo’s great deals on U.S stocks, adrs, etfs and options. Learn more.

Commissions

Account minimum

Best for

3 trading platforms perfectly in sync makes matching your platform to your skill level a snap

Excellent futures trading education for new traders

$0 account minimum means anyone can start trading

5. Charles schwab

Charles schwab’s primary desktop trading application, streetsmart edge, is a customizable trading platform you can use to chart, track and place informed trades. The platform is responsive, updating market data on a second-by-second basis. Streetsmart edge is completely customizable.

You can set individual stocks, funds or watchlists to populate immediately when you load up your app. You can also customize your layout by dragging and dropping different windows into specific areas of your screen.

Charles schwab offers traders both online and in-app education tools you can use to improve your trading strategies and learn how to more effectively save for retirement. Let’s take a look at 3 unique education tools offered by charles schwab

Charles schwab offers you full access to the U.S. Stock market, allowing you to buy and sell over 11,000 stocks and 2,000 etfs with no commissions. Charles schwab’s smartstreet edge includes a number of screening tools, including average expert rating, daily movement, average daily trading volume, price, beta rating and much more.

In addition to U.S.-based equities, traders can also invest in 30 foreign markets and a separate set of screening tools are available for foreign and developing markets. Charles schwab also offers access to over 3,000 mutual funds — though few funds come with $0 commissions.

Commissions

Account minimum

Best for

6. E*TRADE

E*TRADE leverages multiple platforms, 2 different mobile apps and a variety of account types and financial services to provide an inclusive brokerage experience. Most brokers aim their platform toward a specific type of investor, but ETRADE offers a little something for everyone. Does this overburden the trading system? Not at all.

E*TRADE offers 3 main avenues for providing clients with research and education to improve not only their trading acumen, but to better understand investing and markets. E*TRADE will walk you through the process of trading on their platform in a way no other broker does.

Stocks, etfs, and (most) mutual funds are free to trade on E*TRADE, but that doesn’t stand out much anymore. Mutual fund and ETF screeners are also free, even if you don’t have an E*TRADE account. Search through over 2,300 etfs and 9,000 mutual funds, sorted by asset allocation, leverage, expense ratio, morningstar rating and more.

Use the advanced search feature to look for securities based on risk profiles and technical indicators. E*TRADE’s standard E*TRADE mobile app and power E*TRADE are free to clients on both ios and android, but they serve different purposes. E*TRADE web mobile is aimed at the buy-and-hold, “set-and-forget-it” type of investor, while power E*TRADE mobile seeks out the day trading and derivatives crowds.

Commissions

Account minimum

Best for

Retirement savers

Buy-and-hold investors

Investors looking for a simple stock trading platform

7. Vanguard

Vanguard was the 1st to offer low-commission trading on inexpensive index funds based on consumer-friendly investment principles. Day traders might not find vanguard’s old-school style appealing, but retirement savers, buy-and-hold investors and companies that seek employer-sponsored programs might want to take a gander.

Vanguard is the right place to be if investing is new and scary to you. The company offers a host of step-by-step guides to inform and educate clients about proper investment practices. Vanguard takes its fiduciary duty very seriously — you won’t be pushed into expensive investment products that benefit a salesperson more than you.

Vanguard offers a wealth of education and research materials, including some of the most in-depth reports on retirement planning you’ll find. Vanguard has the process down pat — an automated system asks about your retirement goals and makes suggestions pertinent to your situation. (in a way, vanguard was the first robo-advisor.)

Vanguard’s customer service reps are helpful and dedicated to serving clients. However, vanguard’s contact methods are a bit outdated. Email support can only be reached with an active account and phone support is only available during the week, from 8 a.M. To 8 p.M. Text and chat support options are also unavailable. Vanguard’s ahead of the curve in so many ways — but its customer support structure could use a facelift.

Pricing

Account minimum

Best for

Access to foreign markets

Detailed mobile app that makes trading simple

Wide range of available account types and tradable assets

8. Interactive brokers

Interactive brokers (IBKR) is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. With access to over 125 global markets, you can buy assets from all around the world from the comfort of your home or office. Options, futures, forex and fund trading are also available — and most traders won’t pay a commission on any purchase or sale.

IBKR is geared primarily toward experienced investors. The platform offers limited assistance and can be a challenge for new users to become acclimated to. The broker’s tiered pricing strategy can also be frustrating for traders who focus on hourly or daily price movements.

IBKR has always been a top choice for professional brokers, but its new IBKR lite accounts can appeal to new investors looking to test the waters of trading. However, IBKR still maintains its host of professional tools and charting software. Outside of its trading platform, interactive brokers offers a wide range of educational tools and resources you can use to learn more about trading. Let’s take a look at a few of the free resources it offers to help you learn more about the markets.

Interactive brokers offers trades full access to the U.S. Stock market on both its pro and lite platforms. You can even access stocks listed on european and asian stock exchanges to buy and sell foreign securities. Most traders will pay $0 on all of their commissions, but high-value pro account holders may pay a fraction of 1 cent per share.

Commissions

Account minimum

Best for

Don’t want to take an active role in portfolio management

Need a large amount of hand-holding when it comes to selecting investments

Want the option to invest in a socially responsible portfolio

9. M1 finance

M1 finance uses pies, which allow you to show your holdings as slices of a pie. All you need to do is assign a percentage to each slice, fund your pie and you have a portfolio of stocks. You also have the option to take advantage of M1’s ‘expert pies’ feature.

M1 finance has an in-house asset management team for those who prefer to invest passively but maximize returns. This feature is great for investors who are transitioning from a robo-advisor.

M1 really introduces something more than passive investing and other brokers might adopt the same or similar concept. Its strategy is based on a vision of its founder, who believes that in the future customers are not going to compare brokers based on fees. Instead, they are going to compare platforms. If this vision becomes a reality, investing is going to become more approachable and a lot more fun for retail investors.

It is difficult to diversify small accounts if you are trading with brokerage firms that allow only whole shares investing. M1 finance offers fractional shares investing. When you receive a dividend or when you add a small amount of money to your account, you don’t have to wait until you have enough to buy a whole share. M1 allows you to put your money to work immediately.

Commissions

Account minimum

Best for

New traders looking for a simple platform layout

Native chinese speakers seeking research and education tools in chinese

Mobile traders who needs a secure and well-designed app

10. Firstrade

Firstrade’s platform offers the following:

Manage and trade from one screen

Adjustable layouts

Customizable widgets

Advanced technical charting

Helpful graphs

Position simulator

Guides and podcast available for education purposes

You can monitor your portfolio’s performance easily with the firstrade mobile trading app, which offers a more dexterous option compared to a desktop. You’ll be exposed to a touch ID screen for ios devices, equity ratings and fundamental data, advanced charts, comprehensive dashboard and improved research and trading interface.

Firstrade offers varied customer service options, including live chat with a registered customer service representative monday through friday, 8 a.M. To 6 p.M. ET, or you can use the firstrade chatbot (named sammi), which is available 24/7.

Commissions

Account minimum

Best for

11. Robinhood

Robinhood is the broker for traders who want a simple, easy-to-understand layout without all the bells and whistles other brokers offer. Though its trading options and account types are limited, even an absolute beginner can quickly master robinhood’s intuitive and streamlined platform. On the other hand, more advanced traders might be frustrated by robinhood’s lack of technical analysis tools, a feature that’s now nearly universal across other platforms.

Robinhood only offers basic research tools. Though the brokerage has been making an effort to improve its options in recent months, the level of fundamental and technical analysis tools still pale in comparison to almost every other competing broker.

Robinhood gives traders access to the U.S. Equity markets, so you can buy and sell over 5,000 individual stocks and etfs. You can also buy and sell over 250 stocks listed on foreign exchanges — though the platform doesn’t give you access to full foreign markets like some competitors. All trades are made with $0 commissions, whether you’re using robinhood gold or a standard robinhood account.

One of robinhood’s strongest assets is its mobile app. Like the desktop platform, robinhood’s mobile app is streamlined, so even new traders can quickly buy and sell on the go.

Every commission-free stock trading broker app

With robinhood’s ever-increasing popularity, you may be curious where else you can trade stocks for free. Luckily, there are a number of new online brokers and robo advisors that offer free stock trading.

Robo advisors, like acorns and wisebanyan, offer managed accounts with zero commissions and low account minimums. These may be a great option for you if you’re looking to venture in the investing world and have goals, but might be too intimidated to pick your investments.

Other online brokers that offer self-directed trading accounts, like webull, M1 finance, firstrade and matador, give you the power to make their own trading decisions. These brokers aren’t bare-bones, either. They’re equipped with news feeds, great mobile experiences and investor education.

All free stock trading promotions for new account holders

While some brokers are completely free, a number of larger, more traditional online brokers offer free trades through other means. These free trades or cash bonuses through promotions for new customers or commission-free electronic funds transfers (etfs) for the life of the account.

The 1st offer is free stock trading for new account holders. The free stock trading windows will last anywhere from 2 to 6 months. While the free trading period doesn’t last forever, it can help users learn the platform, take time to absorb educational content and get more comfortable executing trades. After the period is up, account holders will be charged the standard commission rates.

Some brokers may even offer cash bonuses for initial deposits. Some brokers like ally invest will offer up to $3,500 for a large deposit. The bigger your deposit, the higher the cash bonus. The bonuses are usually deposited directly into your account.

Outside of the 2 offers above, many brokers offer commission-free etfs from ishares, wisdom tree and other popular ETF providers. In some cases, ETF fees can be as high as $20, so the savings can make a serious impact over time.

Turn to webull

0 commissions and no deposit minimums. Everyone gets smart tools for smart investing. Webull supports full extended hours trading, which includes full pre-market (4:00 AM - 9:30 AM ET) and after hours (4:00 PM - 8:00 PM ET) sessions. Webull financial LLC is registered with and regulated by the securities and exchange commission (SEC) and the financial industry regulatory authority (FINRA). It is also a member of the SIPC, which protects (up to $500,000, which includes a $250,000 limit for cash) against the loss of cash and securities held by a customer at a financially-troubled SIPC-member brokerage firm.

Best free trading apps in 2021

Mobile apps became very popular. They make your life a lot easier. There is an app for everything now. You can buy flight tickets, book a hotel or trade on the stock exchange.

There are a lot of trading apps out there so, to save you time, we selected the best free trading apps for you. Apps providing free stock and ETF trading are gaining popularity, so it is worth taking a look at them if you don't want to spend fortunes on your trading fees!

What are trading apps great for?

Trading apps can be used for trading, learning, charting, finding trading ideas, and also for market data and news. Some of the apps offer all of these features, while others only a few. Don't worry, we have made trading app top lists for all of these features!

Trading apps are usually offered by financial companies such as online brokers or banks. These apps can be great add-ons to your web or desktop trading platform, but they can also be the flagship product of a company, for instance in the case of robinhood and freetrade.

We see trading apps as excellent complementary tools to web-based trading platforms and other financial portals. When you want to buy a stock, you can make fundamental or technical analyses on a computer more conveniently, but it's easier to follow the price of the stocks you've already bought through a trading app. You can also intervene faster via an app, when, for example, you quickly need to sell your stocks.

And now, let's see the best free trading apps in 2021!

Best free trading apps in 2021

app	approves clients from	app score	US stock trading fee
robinhood	US	5.0 stars	$0.0
trading 212	globally	4.9 stars	$0.0
merrill edge	US	4.8 stars	$0.0
TD ameritrade	US, china, hong kong, malaysia, singapore, thailand, taiwan, canada (through TD direct investing)	4.8 stars	$0.0
freetrade	UK	4.7 stars	$0.0

Just to make it clear again: with these apps, you can trade stocks and etfs for free.

Besides the best free trading apps, we have also selected the best trading apps for charting, trading ideas, market data, news, and learning.

Best trading apps for other features in 2021

Name	best apps	score
best apps for charting a nd trading ide as
tradingview	best app for charting	5.0
stocktwits	best app for trading ideas	5.0
best apps for market data and news
investing.Com	best app for market data	5.0
bloomberg	best app for market news	5.0
best apps for learning
invstr	best app for learning to trade	5.0
trading game	best app for learning forex trading	4.0

Now, let's take a closer look at the best trading apps in 2021!

So, let's see, what we have: the best free stock trading brokers are those that reduce your costs to effectively zero. We found the best for both active traders and buy-and-holders. At free trading brokers