Best of

Best Online Brokers for Free Stock Trading 2019

NerdWalletApril 23, 2019

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Our pick for

Best overall

Fees

$0

per trade

Account Minimum

$0

Promotion

None

no promotion available at this time

Pros

  • No commissions on stock trades.
  • No account minimum.
  • Streamlined interface.

Cons

  • No retirement accounts.
  • No mutual funds or bonds.
  • Limited customer support.

Our pick for

No-transaction-fee mutual funds

Etrade

on Etrade's website

on Etrade's website

Fees

$6.95

per trade

Account Minimum

$500

Promotion

Up to $600

cash credit with a qualifying deposit

Pros

  • Easy-to-use tools.
  • Large investment selection.
  • Excellent customer support.
  • Access to extensive research.
  • Advanced mobile app.
  • Reduced commissions for frequent traders.

Cons

  • Higher commissions for low-volume traders.
  • Minimum balance requirement for active trading platform.

Our picks for

Free ETF trading, no-transaction-fee mutual funds

Fees

$7.00

per trade

Account Minimum

$0

Promotion

None

no promotion available at this time

Pros

  • Large mutual fund selection.
  • Over 50 commission-free ETFs.
  • Leader in low-cost funds.
  • Helpful customer support.

Cons

  • High trade commissions.
  • No trading platform or tools.
  • Limited research and data.
Fees

$4.95

per trade

Account Minimum

$0

Promotion

$100

cash bonus with a qualifying deposit

Pros

  • No inactivity fees.
  • Two platforms with no minimum or fees.
  • Above-average mobile app.
  • Extensive research.
  • Strong customer support.

Cons

  • Higher trade commissions.

Our pick for

Free next-day trading

Motif Investing

on Motif 's website

on Motif 's website

Fees

$4.95

per share

Account Minimum

$0

Promotion

None

no promotion available at this time

Pros

  • Fractional shares.
  • Portfolio trades of up to 30 stocks or ETFs.
  • Theme- and values-based guidance.

Cons

  • No dividend reinvestment.
  • Minimal trading tools.

Summary of Best Online Brokers for Free Stock Trading 2019

BrokerCommissionsPromotionAccount MinimumLearn More
Robinhood Logo

Robinhood

$0

per trade

None

no promotion available at this time

$0

Read Review
Etrade Logo

Etrade

on Etrade's website

$6.95

per trade

Up to $600

cash credit with a qualifying deposit

$500

on Etrade's website

Vanguard Brokerage Logo

Vanguard Brokerage

$7.00

per trade

None

no promotion available at this time

$0

Read Review
Schwab Brokerage Logo

Schwab Brokerage

$4.95

per trade

$100

cash bonus with a qualifying deposit

$0

Read Review
Motif Investing Logo

Motif Investing

on Motif 's website

$4.95

per share

None

no promotion available at this time

$0

on Motif 's website

BrokerCommissionsPromotionAccount MinimumLearn More
Robinhood Logo

Robinhood

$0

per trade

None

no promotion available at this time

$0

Read Review
Etrade Logo

Etrade

on Etrade's website

$6.95

per trade

Up to $600

cash credit with a qualifying deposit

$500

on Etrade's website

Vanguard Brokerage Logo

Vanguard Brokerage

$7.00

per trade

None

no promotion available at this time

$0

Read Review
Schwab Brokerage Logo

Schwab Brokerage

$4.95

per trade

$100

cash bonus with a qualifying deposit

$0

Read Review
Motif Investing Logo

Motif Investing

on Motif 's website

$4.95

per share

None

no promotion available at this time

$0

on Motif 's website

Last updated on April 23, 2019

Methodology

NerdWallet's ratings for brokers and robo-advisors are weighted averages of several categories, including investment selection, customer support, account fees, account minimum, trading costs and more. Our survey of brokers and robo-advisors includes the largest U.S. providers by assets under management, plus notable and/or emerging players in the industry. Factors we consider, depending on the category, include advisory fees, branch access, user-facing technology, customer service and mobile features. The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.

To recap our selections...

NerdWallet's Best Online Brokers for Free Stock Trading 2019