BEST OF

11 Best Online Brokers for Free Stock Trading of February 2023

All of the online brokers below offer free stock trading, so investors can bypass transaction costs and build portfolios free of charge. They also charge low or no account fees.

Chris Davis
By Chris Davis 

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The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Commission-free trades for stocks, exchange-traded funds and options are the industry standard among top online brokerages. That means investors looking for the best free stock trading platform need to compare their options on other factors — things like investment selection, trading platform and options contract fees.

We've done that work for you. Here are NerdWallet’s picks for the best brokers for commission-free trading — these brokers also excel in other areas, offering quality customer support, high mobile app ratings and low or no account fees. (Need to back up on this process? See our step-by-step instructions for how to buy stocks.)

Best Online Brokers for Free Stock Trading

NerdWallet rating 

5.0

/5
Interactive Brokers IBKR Lite
Learn more

on Interactive Brokers' website

Fees

$0

per trade

Account minimum

$0

Promotion

None

no promotion available at this time

NerdWallet rating 

4.7

/5
Merrill Edge
Learn more

on Merrill Edge's website

Fees

$0

per trade

Account minimum

$0

Promotion

Up to $600

when you invest in a new Merrill Edge® Self-Directed account.

NerdWallet rating 

4.7

/5
J.P. Morgan Self-Directed Investing
Learn more

on J.P. Morgan's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to $700

when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money

NerdWallet rating 

4.9

/5
Webull
Learn more

on Webull's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to 12 free fractional shares (valued up to $30,600)

when you open and fund an account with Webull. Promotion ends 2/28/2023.

NerdWallet rating 

5.0

/5
E*TRADE
Learn more

on E*TRADE's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to $600 or more

when you open and fund an E*TRADE account

NerdWallet rating 

5.0

/5
TD Ameritrade
Learn more

on TD Ameritrade's website

Fees

$0

per trade

Account minimum

$0

Promotion

None

no promotion available at this time

NerdWallet rating 

4.8

/5
Ally Invest
Fees

$0

per trade (on eligible US securities)

Account minimum

$0

Promotion

None

no promotion available at this time

NerdWallet rating 

4.6

/5
Robinhood
Learn more

on Robinhood's website

Fees

$0

per trade

Account minimum

$0

Promotion

1 Free Stock

after linking your bank account (stock value range $5.00-$200)

Want to compare more options? Here are our other top picks:

Last updated on February 1, 2023

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People often identify opening a savings account as their next money move.

SoFi Checking and Savings

5.0

NerdWallet rating 
SoFi Checking and Savings

APY

3.75%

With $0 min. balance for APY

Bonus

$250

Earn up to $250 with direct deposit. Terms apply.

at SoFi, Member FDIC

LendingClub High-Yield Savings

4.5

NerdWallet rating 
LendingClub High-Yield Savings

APY

4.00%

With $0 min. balance for APY

at LendingClub Bank, Member FDIC

Marcus by Goldman Sachs Online Savings Account

5.0

NerdWallet rating 
Marcus by Goldman Sachs Online Savings Account

APY

3.30%

With $0 min. balance for APY

Bonus

$100

Requirements to qualify

at Marcus by Goldman Sachs, Member FDIC

Methodology

How do we review brokers?

NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).

For more details about the categories considered when rating brokers and our process, read our full methodology.