Best discount brokers in the United States in 2024
Find below the strengths of the best discount brokers in the United States, updated for 2024:
- Interactive Brokers is the best discount broker in the United States in 2024. – Extremely low fees. Wide range of products. Many great research tools.
- eToro – Free stock and ETF trading. Seamless account opening. Social trading.
- moomoo – Commission-free stock and ETF trading. Fast and easy account opening. Quality analytical tools and excellent education services. Pays high interest on uninvested cash.
- tastytrade – Low trading fees. Great educational materials. Good research tools.
- Firstrade – Free stock, ETF, fund and options trading. Solid research tools. Quality educational tools.
- Alpaca Trading – Great API trading service. Free stock & ETF trading. Fantastic charting tools.
- Webull – Free stock/ETF trading and high 5% interest on uninvested cash. Fast and easy account opening. Great trading platforms.
- Robinhood – Free US stock and ETF trading. Great mobile and web trading platforms. Fast and fully digital account opening. Interest paid on uninvested cash.
- J.P. Morgan Self-Directed Investing – Commission-free US stocks, ETFs, funds and bonds. Fast and fully digital account opening. Well-established parent company. Pays interest on uninvested cash.
- Ally Invest – Low trading and non-trading fees. Easy and fully digital account opening. Great education.
Fees at the top 10 discount brokers for American citizens in 2024
What makes a good discount broker? Well, did we mention low fees? This includes commissions, financing rates, and, let’s not forget, non-trading fees like inactivity or withdrawal fees. The tables below give you a good summary on Best discount brokers in the United States.
| Broker | US stock | UK stock |
|---|---|---|
| Interactive Brokers | $1.0 | $3.8 |
| eToro | $0.0 | $0.0 |
| moomoo | $0.0 | – |
| tastytrade | $0.0 | – |
| Firstrade | $0.0 | – |
| Alpaca Trading | $0.0 | – |
| Webull | $0.0 | – |
| Robinhood | $0.0 | – |
| J.P. Morgan Self-Directed Investing | $0.0 | – |
| Ally Invest | $0.0 | – |
Product selection at the best discount brokers for American citizens in 2024
Besides low trading fees and non-trading fees, a good discount brokerage firm should also offer access to a lot of markets and products, because providing low fees in more than one asset class is not an easy job. All brokers in our list offer real stocks, but we also looked into whether you can trade currencies, options, or mutual funds.