To find the best broker for you, you need to evaluate your needs as an investor. This means you need to research different brokerage solutions. You have to think about where you live, your citizenship status, and if your chosen broker will allow you to invest in the U.S. stock market (and any other stock market if that is what you want).
But, choosing a broker can also go beyond this. For example, if you are a long-term minded investor then you need to find a broker/dealer that is safe, secure and that you know will be around for the next 10+ years so there is little change or hassle that can affect the way that you invest.
If you don’t have much capital to play with, then you might want to use a broker/dealer that has low commission fees for any trade that you make.
You might want a brokerage account that is easily accessible for regular checks on the performance of your portfolio. Or, you might want a brokerage account that is a little harder to access, so you can forget about your portfolio for the majority of the time and let the market do its thing.
All these different questions will help you to choose the best broker/dealer with which to set up your new investing account.
But don’t worry, we have made this a bit easier for you and collected the most popular brokers that our members use and separated them out into the regions where they are available. The below broker/dealers are all used by our members in a long-term investing capacity.
Just search for your region and look at the options available.
* All of the below is correct as of 7th June 2022
The U.S.
- Offers $0 commission for online U.S. stock trades.
- Charges apply for sell orders - which is okay if you are a long-term investor.
- Fractional investing - you can invest in a percentage of a stock, based on how much money you are willing to invest, rather than buying a whole share.
- Mobile, iPad, and Tablet app for easy trading.
- Offers commission-free online trading for US-listed stocks and ETFs.
- Withdrawal fees apply: $25 for a wire.
- Desktop, Web, and mobile app available.
- Does not offer Fractional treading
- Recently been acquired by Charles Schwab
- 0% commission fee on all trade
- There is no withdrawal fee if you use an ACH transfer. Withdrawals to other banks using wire transfers will cost $25.
- Does not offer Fractional investing
- Owned by Morgan Stanley
- Stocks available in the US, Canadian, and Mexican Stock Exchanges, as well as 19 different European countries and their respective Stock Exchanges.
- Low commission fees: Please click here for further information
- Offers Fractional Trading for as little as 0.001 of a share.
- Withdrawal fees apply: $12 for a wire transfer and $2 for any withdrawal made by BACS/GIRO/ACH/EFT/SEPA
- A mobile app is available
Australia & New Zealand
eToro (not available in New Zealand)
- Offers Fractional Trading, with investments beginning at just $10
- 0% commission
- Access to 2000+ stocks from 17 different exchanges.
- $5 withdrawal fee and the minimum withdrawal amount is $30 dollars. Withdrawals to other currencies are subject to conversion fees.
- Available mobile app
- $0 brokerage fees on U.S. trades.
- The minimum amount you can withdraw is $10 (USD) with a $2 withdrawal fee on all withdrawals. 1% fee on any currency conversions.
- Offers Fractional Trading for as little as $10
- Available mobile app
- Australian and US markets are available through Stake.
- Low fees for US stock trading (click here for more information)
- No withdrawal fees - but beware of bank fees.
- No minimum deposit required
- Mobile app available
Canada
- Stocks available in the US, Canadian, and Mexican Stock Exchanges, as well as 19 different European countries and their respective Stock Exchanges.
- Low commission fees: Please click here for further information
- Offers Fractional Trading for as little as 0.001 of a share.
- Withdrawal fees apply: $12 for a wire transfer and $2 for any withdrawal made by BACS/GIRO/ACH/EFT/SEPA
- A mobile app is available
European Countries
- €0 commission + €0.50 handling fee for trades on the US stock market.
- No withdrawal fee
- Access to US, Canadian and many European exchanges as well as Some Asian and Oceania exchanges
- A mobile app is available
- Stocks available in the US, Canadian, and Mexican Stock Exchanges, as well as 19 different European countries and their respective Stock Exchanges.
- Low commission fees: Please click here for further information
- Offers Fractional Trading for as little as 0.001 of a share.
- Withdrawal fees apply: $12 for a wire transfer and $2 for any withdrawal made by BACS/GIRO/ACH/EFT/SEPA
- A mobile app is available
- Offers 3 x commission free trades each month for a standard plan. After which the commission charge is 0.25% per trade.
- Account fee is currently 0.12% of the market value of your assets which is charged monthly.
- Sell orders can incur a minimum charge of $0.01 and a maximum charge of $6.49
- Over 800 US stocks available but no ETFs currently.
- Fractional Trading is available
- Everything is mobile-app based
(available in most European countries, Check for your country on the block list here).
- Offers Fractional Trading, with investments beginning at just $10
- 0% commission
- Access to 2000+ stocks from 17 different exchanges.
- $5 withdrawal fee and the minimum withdrawal amount is $30 dollars. Withdrawals to other currencies are subject to conversion fees.
- Available mobile app
Latin American Countries
(available in most larger Latin American countries, Check for your country on the block list here).
- Offers Fractional Trading, with investments beginning at just $10
- 0% commission
- Access to 2000+ stocks from 17 different exchanges.
- $5 withdrawal fee and the minimum withdrawal amount is $30 dollars. Withdrawals to other currencies are subject to conversion fees.
- Available mobile app
- Stocks available in the US, Canadian, and Mexican Stock Exchanges, as well as 19 different European countries and their respective Stock Exchanges.
- Low commission fees: Please click here for further information
- Offers Fractional Trading for as little as 0.001 of a share.
- Withdrawal fees apply: $12 for a wire transfer and $2 for any withdrawal made by BACS/GIRO/ACH/EFT/SEPA
- A mobile app is available
African Countries
- Stocks available in the US, Canadian, and Mexican Stock Exchanges, as well as 19 different European countries and their respective Stock Exchanges.
- Low commission fees: Please click here for further information
- Offers Fractional Trading for as little as 0.001 of a share.
- Withdrawal fees apply: $12 for a wire transfer and $2 for any withdrawal made by BACS/GIRO/ACH/EFT/SEPA
- A mobile app is available
**Nigeria
- Unrestricted access to over 3,000 stocks listed on the U.S. stock exchange
- 1.5% commission when you buy or sell stocks on the U.S. stock markets
- Deposit and Withdrawal fees apply: Click here to find out more.
- Supports Naira deposits
- Fractional shares start at ₦500 and have no commission fees! However, Securities less than $5 cost $0.02/share in commission fees.
- Deposit and Withdrawal fees may apply: Click here to find out more
- A mobile app is available.
Asian countries
- Stocks available in the US, Canadian, and Mexican Stock Exchanges, as well as 19 different European countries and their respective Stock Exchanges.
- Low commission fees: Please click here for further information
- Offers Fractional Trading for as little as 0.001 of a share.
- Withdrawal fees apply: $12 for a wire transfer and $2 for any withdrawal made by BACS/GIRO/ACH/EFT/SEPA
- A mobile app is available
(available for residents of China, Singapore, Hong Kong, and Malaysia)
- Offers commission-free online trading for US-listed stocks and ETFs.
- Withdrawal fees apply: $25 for a wire.
- Desktop, Web, and mobile app are available.
- Does not offer Fractional treading
- Recently been acquired by Charles Schwab
(Chinese residents only)
- Access to NASDAQ and NYSE + Low commission for US stocks (click here for more information)
- Access to HKSE
- Conversion fees: US$5 per lot (including third-party fee)
- Initial minimum deposit requirement of 10,000 HKD/1,500 USD.
(only available in Singapore)
- Low fees for US stock trading (click here for more information)
- No withdrawal fees - but beware of bank fees.
- No minimum deposit required
- Mobile app available