11 Best Brokers for Commission-Free Trading of 2025 of July 2025
All of the online brokers below offer free trades, so investors can bypass commissions and build portfolios free of charge. They also charge low or no account fees.
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Why trust NerdWallet
Our deep, independent analysis of online brokers sorts through key account details to find and evaluate the information investors want when choosing an account. To see our full methodology and learn more about our process, read our criteria for evaluating brokers.
Over 60 investment account providers reviewed and rated by our expert Nerds.
More than 50 years of combined experience writing about finance and investing.
Hands-on testing of the account funding process, broker websites and stock-trading platforms.
Dozens of objective ratings rubrics, and strict guidelines to maintain editorial integrity.
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 brokerage account or trading platform need to compare their options on other factors — things like investment selection, platform capabilities and options contract fees.
We've done that work for you. Here are NerdWallet’s picks for the best brokers for free trading. In addition to not charging commissions on stock, ETF or options trades, all of the brokers below offer fractional shares and solid execution quality.
Note: Increasingly, brokers are doing away with their options contract fees in addition to commissions. Below, we've flagged the brokers that don't charge commissions for options trades.
Best Brokers for Commission-Free Trading
| Broker | NerdWallet rating | Fees | Account minimum | Promotion | Learn more |
|---|---|---|---|---|---|
4.5/5 | $0 per trade | $0 | 1 Free Stock after linking your bank account (stock value range $5.00-$200) | Learn moreon partner's site on Robinhood's website | |
5.0/5 | $0 per trade | $0 | Get 20 free fractional shares (each valued up to $3,000) when you open and fund an account with Webull. | Learn moreon partner's site on Webull's website | |
4.8/5 | $0 per online equity trade | $0 | None no promotion available at this time | Learn moreon partner's site on Charles Schwab's website | |
5.0/5 | $0 per trade | $0 | None no promotion available at this time | Learn moreon partner's site on Interactive Brokers' website | |
4.6/5 | $0 | $0 | Earn up to $10,000 when you transfer your investment portfolio to Public. | Learn moreon partner's site on Public's website |
Our pick for
no options contract fee
Fees
$0
per trade
Account minimum
$0
Promotion
1 Free Stock
after linking your bank account (stock value range $5.00-$200)
Our Take
Commission-free stock, options and ETF trades.
Streamlined interface.
Cryptocurrency trading.
IRA with 1% match (3% for Gold members).
High interest rate on uninvested cash.
No mutual funds.
Little third-party research.
Robinhood provides free stock, options, ETF and cryptocurrency trades (but no bonds or mutual funds), and its account minimum is $0, too. Robinhood Gold offers a high interest rate on uninvested cash and low margin rates.
Fees
$0
per trade
Account minimum
$0
Promotion
Get 20 free fractional shares (each valued up to $3,000)
when you open and fund an account with Webull.
Our Take
Commission-free stock, options and ETF trades.
Easy-to-use platform.
Advanced tools.
High interest rate on uninvested cash.
High order execution quality.
No mutual funds.
Separate app required to trade crypto.
Webull will appeal to the mobile-first generation of casual investors with its slick interface for desktop and mobile apps. The brokerage also delivers an impressive array of tools for active traders and a wide investment selection, including stocks (plus fractional shares), options, ETFs, crypto, commodities and futures. However, it lacks access to mutual funds.
Fees
$0
Account minimum
$0
Promotion
Earn up to $10,000
when you transfer your investment portfolio to Public.
Our Take
Commission-free stock, options and ETF trades.
Rebates for trading options.
Easy-to-use signup and trading interface.
High interest rate on uninvested cash.
No mutual funds.
Lack of tools (e.g. customizable investment screeners).
Public provides free stock and ETF trades, pays you to trade options, and gives traders access to crypto and bonds, as well as a high-yield cash account. The platform will appeal to traders looking for a low-cost options broker and access to many types of assets.
Fees
$0
per trade
Account minimum
$0
Promotion
Get up to $1,000
in stock when you fund a new account. Terms & Conditions Apply.
Our Take
No commissions on stock, options and ETF trades
IPO access.
Low interest rate on uninvested cash.
SoFi Active Investing's $0 trading commission, fractional shares and $0 account minimum are attractive to new investors. More advanced investors will appreciate the company's wide mutual fund selection and IPO access.
Fees
$0
Account minimum
$0
Promotion
Earn 8.1% APY
on your uninvested cash for 3 months + up to 60 Free Stocks with qualified deposits. Terms & Conditions apply.
Our Take
Commission-free stock, ETF and options trades.
No contract fee on equity options.
Popular, easy-to-use app.
High yield on uninvested cash.
Low margin rates.
No mutual funds or bonds.
Lower than average execution quality.
Moomoo offers free stock and option trades in an easy-to-use trading platform that charges low margin rates. It's not built for passive retirement investors — IRAs aren't supported, nor are mutual funds — but there's a lot to like about Moomoo for more active traders.
Fees
$0
per online equity trade
Account minimum
$0
Promotion
None
no promotion available at this time
Our Take
Commission-free stock, options and ETF trades.
Five trading platforms with no minimums or fees.
Access to thinkorswim platforms.
Extensive research offerings.
Large fund selection.
Low interest rate on uninvested cash.
Charles Schwab has earned its strong reputation: The broker offers high-quality customer service, four free trading platforms, a wide selection of no-transaction-fee mutual funds and $0 commissions for stocks, ETFs and options.
Fees
$0
per trade
Account minimum
$0
Promotion
None
no promotion available at this time
Our Take
Commission-free stock, options and ETF trades.
Large investment selection.
Strong research and tools.
Huge selection of no-transaction-fee mutual funds.
High order execution quality.
High minimum to earn interest on uninvested cash.
Website can be difficult to navigate for beginner investors.
Don't let the name fool you: IBKR Lite offers commission-free stock trading (including international trade capabilities), more than 19,000 mutual funds, and a well-featured platform.
Fees
$0
per trade for online U.S. stocks and ETFs
Account minimum
$0
Promotion
None
no promotion available at this time
Our Take
Commission-free stock, options and ETF trades.
Large selection of research providers.
Strong customer service.
Expense-ratio-free index funds.
Highly rated mobile app.
High interest rate on uninvested cash.
Relatively high broker-assisted trade fee.
Fidelity is one of the largest and most well-established brokerages, and it shows. Fidelity charges no trading commissions, offers an extensive set of no-fee, no-minimum index funds. It also stands out for its top-notch research tools, a renowned trading platform and very strong customer service.
Fees
$0
Account minimum
$0
Promotion
None
no promotion available at this time
Our Take
Powerful trading platform.
Commission-free stock, options and ETF trades.
Low options contract fees.
Strong mobile trading app.
Limited external research providers.
Low interest rate on uninvested cash.
Advanced platform not suitable for beginners.
Tastytrade is a unique broker that offers a highly advanced trading experience. Investors will like the broad investment selection and advanced trading features, but beginners should be aware that this is not the platform for them.
Last updated on April 19, 2019
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.
NerdWallet's Best Brokers for Commission-Free Trading of 2025 of July 2025
- Robinhood: Best for no options contract fee
- Webull: Best for no options contract fee
- Charles Schwab
- Interactive Brokers IBKR Lite
- Public: Best for no options contract fee
- E*TRADE
- Fidelity
- SoFi Active Investing: Best for no options contract fee
- Firstrade: Best for no options contract fee
- Moomoo: Best for no options contract fee
- tastytrade