Compare Online Brokers For Custodial Accounts
To open a custodial account, you’ll first need a brokerage account, which you can set up in about 15 minutes. Then, once you’ve added all the necessary information, select and invest in individual stocks, as well as mutual funds, index funds and exchange-traded funds. One of the easiest ways to set up a custodial account is through an online stockbroker. After opening and funding your account, you can buy stocks through the broker’s website in a matter of minutes. To make the search easier, we created this shortlist of picks from our partners.
| Broker | NerdWallet rating | Promotion | Fees | Account minimum |
|---|---|---|---|---|
4.5/5 | Get up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money. | $0 per trade | $0 | |
5.0/5 | Exclusive! U.S. residents who open a new IBKR Pro account will receive a 0.25% rate reduction on margin loans. Terms apply. | $0.005 per share; as low as $0.0005 with volume discounts | $0 | |
5.0/5 | Get 20 free fractional shares (each valued up to $3,000) when you open and fund an account with Webull. | $0 per trade | $0 | |
4.5/5 | 1 Free Stock after linking your bank account (stock value range $5.00-$200) | $0 per trade | $0 |
| Broker | NerdWallet rating | Fees | Account minimum | Promotion | Learn more | |
|---|---|---|---|---|---|---|
4.5/5 | $0 per trade | $0 | Get up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money. | Learn moreon J.P. Morgan's website | ||
5.0/5 | $0.005 per share; as low as $0.0005 with volume discounts | $0 | Exclusive! U.S. residents who open a new IBKR Pro account will receive a 0.25% rate reduction on margin loans. Terms apply. | Learn moreon Interactive Brokers' 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 Webull's website | ||
4.5/5 | $0 per trade | $0 | 1 Free Stock after linking your bank account (stock value range $5.00-$200) | Learn moreon Robinhood's website |
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Marcus by Goldman Sachs Online Savings Account
APY
3.75%
With $0 min. balance for APY
Bonus
N/A
American Express® High Yield Savings Account
APY
3.60%
With $0 min. balance for APY
Bonus
N/A
To recap our selections...
NerdWallet's Compare Online Brokers For Custodial Accounts