Brokers With Commission-Free Investing
Brokers with commission free-investing offer fee-free trading on stocks and popular assets. This guide explains how online brokerages make money, what commission-free investing is, plus the best brokers in 2024. We also list the benefits and drawbacks of commission-free investing for swing traders.
Top Brokers With Commission-Free Investing for United States
TradeHawk
Instruments:
Stocks, Options, ETFs More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Emirates NBD Securities
Instruments:
Stocks More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✔
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Dove Options
Instruments:
Forex, Crypto, Stocks, Binary More Info
Demo Accounts:
✘
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✘
Tradier Brokerage
Instruments:
Stocks, Options, Futures More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✔
Copy Trading:
✘
Islamic Account:
✘
Wahed Invest
Instruments:
Stocks, Sukuk, Gold More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
FxPlayer
Instruments:
CFD, Forex, Stocks, Futures More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✔
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Tixee
Instruments:
CFD, Forex, Crypto, Stocks More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✔
Copy Trading:
✔
Islamic Account:
✘
Absolute Markets
Instruments:
CFDs on forex, indices, shares, commodities, cryptocurrencies, futures More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✔
Copy Trading:
✔
Islamic Account:
✔
FairMarkets
Instruments:
CFDs, Stocks, Forex, Commodities, Indices, Cryptocurrencies More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
World Forex
Instruments:
Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✔
SolidusX
Instruments:
CFD, Forex, Crypto, Stocks More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Firstrade
Instruments:
Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Plynk Invest
Instruments:
Stocks, ETFs, Mutual Funds, Cryptos More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
AMP Global
Instruments:
Exchange-Traded Futures, Forex, Metals, Energies, Indices, Stocks, Crypto CFDs More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
J.P. Morgan Chase
Instruments:
Stocks, Options, Mutual Funds, Bonds, ETFs More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Personal Capital
Instruments:
Stocks, ETFs, Mutual Funds, Fixed Income More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Tiger.Trade
Instruments:
Stocks, Forex, Cryptos, Futures, Options More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✘
Citi Self Invest
Instruments:
Stocks, ETFs, Mutual Funds, Bonds More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Titan
Instruments:
Crypto, Stocks More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Axofa
Instruments:
Forex, CFDs, Stocks, Indices, Commodities More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
N1CM
Instruments:
Forex, Indices, Commodities, Shares, Cryptocurrencies, Metals More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✘
CryptoRocket
Instruments:
Cryptos, Forex, Stocks, Indices, Commodities More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Coinexx
Instruments:
Forex, Commodities, Indices, Cryptocurrencies More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✔
DMA Account:
✔
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Kwakol Markets
Instruments:
CFDs, Forex, Stocks, Indices, Commodities, Crypto More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✔
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✔
BCR
Instruments:
CFDs, Forex, Stocks, Indices, Metals, Commodities More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✔
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Golden Capital FX
Instruments:
Forex, Indices, Metals, Energies More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✔
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
eToro USA
Instruments:
Stocks, Options, ETFs, Crypto https://www.daytrading.com/ is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✔
Copy Trading:
✔
Islamic Account:
✔
ForexStart
Instruments:
CFDs, Forex, Binary Options, Stocks, Commodities, Cryptos More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
CharterPrime
Instruments:
CFDs, Forex, Commodities, Metals More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Rakuten Securities
Instruments:
CFDs, Forex, Indices, Commodities, Cryptos More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✔
Copy Trading:
✔
Islamic Account:
✔
Wealth Way
Instruments:
CFDs, Forex, Stocks, Indices, Commodities, Futures, Cryptos More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✔
Fxedeal
Instruments:
CFDs, Forex, Stocks, Indices, Commodities, Cryptos More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Unicorn Forex Broker
Instruments:
CFDs, Forex, Stocks, Indices, Commodities, Cryptos More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✘
MogaFX
Instruments:
CFDs, Forex, Indices, Commodities, Cryptos More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✘
Empower
Instruments:
Stocks, ETFs, Mutual Funds, Fixed Income More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
TC2000
Instruments:
Stocks, Options, Futures, Mutual Funds, ETFs More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Hankotrade
Instruments:
CFDs, Forex, Indices, Commodities, Cryptos More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Capital Street FX
Instruments:
CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Bonds, ETFs More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Kryptocarts
Instruments:
Crypto, Forex, Indices, Commodities More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✘
Doo Prime
Instruments:
CFDs, Forex, Stocks, Indices, Commodities, Futures, ETFs More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✔
Copy Trading:
✔
Islamic Account:
✘
DNA Markets
Instruments:
CFDs, Forex, Indices, Commodities, Stocks, Crypto More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✘
RaceOption
Instruments:
Binary Options, CFDs More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✔
Copy Trading:
✔
Islamic Account:
✘
Public.com
Instruments:
Crypto, Stocks More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✔
Copy Trading:
✔
Islamic Account:
✘
Merrill Edge
Instruments:
Stocks, Mutual Funds, ETFs, Options, Bonds More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
TradeZero
Instruments:
Stocks, Options More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
AZAforex
Instruments:
CFD, Forex, Crypto, Stocks, Binary More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
10TradeFX
Instruments:
CFD, Forex, Crypto, Stocks More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Charles Schwab
Instruments:
Crypto, Stocks, Options, Futures More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Vanguard
Instruments:
Stocks More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Golden Brokers
Instruments:
CFD, Forex, Stocks More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✔
LidyaTrade
Instruments:
CFD, Forex, Crypto, Stocks, Options, Futures More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Scope Markets
Instruments:
Forex, CFDs, Stocks, Commodities, Indices, Futures More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Revolut
Instruments:
Stocks, Cryptos Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Securities products and services provided by Revolut Securities Inc, member FINRA/SIPC. Securities products are not insured by the FDIC or any federal government agency, are not bank deposits, are not obligations of or guaranteed by Metropolitan Commercial Bank and are subject to investment risks, including possible loss of the principal amount invested.
More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
EFG Hermes
Instruments:
CFD, Forex, Stocks More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Francis Drummond
Instruments:
Stocks More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
HotForex
Instruments:
CFD, Forex, Stocks More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✔
DMA Account:
✔
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Hugo's Way
Instruments:
CFD, Forex, Crypto, Stocks, Futures More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
GoStreams
Instruments:
CFD, Forex, Crypto, Stocks More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✔
Copy Trading:
✔
Islamic Account:
✘
Tastyworks
Instruments:
Crypto, Stocks, Options, Futures More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Ally Invest
Instruments:
Forex, Stocks, Options More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Fidelity
Instruments:
ETFs, Mutual Funds, ISAs, Pensions, Stocks, Indices More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Livemarkets
Instruments:
CFD, Forex, Stocks, Options More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✔
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Sharekhan
Instruments:
Forex, Stocks, Options, Futures More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
EuroTrader
Instruments:
CFD, Forex, Crypto, Stocks More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✔
Angel Broking
Instruments:
Forex, Stocks, Options, Futures More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
5paisa
Instruments:
Forex, Stocks, Options, Futures More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Passfolio
Instruments:
Crypto, Stocks More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Upstox
Instruments:
Stocks, Options, Futures More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Pocket Option
Instruments:
Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✔
Copy Trading:
✔
Islamic Account:
✘
ForexChief
Instruments:
CFDs, Forex, Metals, Commodities, Stocks, Indices More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✔
Brokereo
Instruments:
CFD, Forex, Crypto, Stocks More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✔
Binarium
Instruments:
Forex, Crypto, Stocks, Binary More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Cryptobo
Instruments:
Forex, Stocks, Binary More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Finalto
Instruments:
CFD, Forex, Crypto, Stocks More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Axos Bank
Instruments:
Stocks, Options More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Acorns
Instruments:
Stocks More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Ellevest
Instruments:
Stocks More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
SoFi Invest
Instruments:
Crypto, Stocks More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✔
Copy Trading:
✘
Islamic Account:
✘
Stash
Instruments:
Stocks More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Wealthfront
Instruments:
Crypto, Stocks More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
nextmarkets
Instruments:
CFD, Forex, Crypto, Stocks More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
IIFL
Instruments:
Forex, Stocks, Options, Futures More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Moomoo
Instruments:
Stocks, Options, ETFs, ADRs, OTCs More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Optimus Futures
Instruments:
Futures, options More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✔
Islamic Account:
✘
Tiger Brokers
Instruments:
Stocks, Options, Futures, Stock Options, ETFs, Warrants, Interest Rates More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
BinaryCent
Instruments:
CFD, Forex, Crypto, Stocks, Options, Binary More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✔
Copy Trading:
✔
Islamic Account:
✘
IG Group
Instruments:
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex trading involves risk. Losses can exceed deposits.
More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✔
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Videforex
Instruments:
Binary Options, CFDs, Forex, Indices, Commodities, Crypto More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✔
Copy Trading:
✔
Islamic Account:
✘
TD Ameritrade
Instruments:
Forex, Crypto, Stocks, Options, Futures More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✔
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Interactive Brokers
Instruments:
Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✔
ECN Account:
✘
DMA Account:
✔
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Robinhood
Instruments:
Stocks, ETFs, ADRs More Info
Demo Accounts:
✘
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
TradeStation
Instruments:
CFD, Forex, Stocks, Futures More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✔
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
E-Trade
Instruments:
Stocks, Options, Futures More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Nadex
Instruments:
Binary Options, Knock Outs™, Call Spreads More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Forex.com
Instruments:
Forex, Spot Metals More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✔
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
NinjaTrader
Instruments:
Forex, Stocks, Options, Commodities, Futures, Crypto More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
ZacksTrade
Instruments:
Crypto, Stocks, Options More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✔
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Just2Trade
Instruments:
Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✔
Margin Trading:
✔
Social Trading:
✔
Copy Trading:
✔
Islamic Account:
✔
SpeedTrader
Instruments:
Stocks, options, bonds, mutual funds More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
ETFinance
Instruments:
Forex, CFDs, ETFs, indices, shares, energies, metals, cryptocurrencies More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Axes
Instruments:
Forex, CFDs, indices, shares, commodities, futures More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Lightspeed Trading
Instruments:
Equities, options, futures More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
DirectFX
Instruments:
Forex, futures, indices, shares, metals More Info
Demo Accounts:
✘
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Fullerton Markets
Instruments:
Forex, indices, metals, energies More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✔
Copy Trading:
✘
Islamic Account:
✔
Alpho
Instruments:
Forex, CFDs, indices, shares, commodities More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
AETOS
Instruments:
Forex, energies, precious metals, indices, share CFDs More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✔
Copy Trading:
✔
Islamic Account:
✘
ATC Brokers
Instruments:
Forex, CFDs, indices, commodities More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
CGS-CIMB
Instruments:
Forex, CFDs, futures, mutual funds, securities, bonds More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
DMM FX
Instruments:
Forex, CFDs, indices, shares, commodities, cryptocurrencies More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
FXFlat
Instruments:
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, ETFs More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✔
Copy Trading:
✘
Islamic Account:
✘
Cobra Trading
Instruments:
Stocks, options More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Colmex Pro
Instruments:
Forex, CFDs, indices, shares, commodities More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
KLMFX
Instruments:
Forex, stocks, indices, commodities More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✔
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Finotrade
Instruments:
Forex, CFDs, indices, commodities More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Daniels Trading
Instruments:
Forex, indices, commodities, futures, interest rates More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Finspreads
Instruments:
Spread betting, forex, stocks, indices, commodities More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Global Market Index
Instruments:
Forex, CFDs, Metals More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Smart Prime FX
Instruments:
Forex, CFDs, indices, commodities More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✔
Stratton Markets
Instruments:
Forex, CFDs, shares, indices More Info
Demo Accounts:
✔
MetaTrader 4:
✔
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Webull
Instruments:
Stocks, ETFs, ADRs, OTCs, options, cryptos, forex, fractional shares More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
M1 Finance
Instruments:
Stocks, ETFs, OTC stocks More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✘
ECN Account:
✘
DMA Account:
✘
Margin Trading:
✔
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Sage FX
Instruments:
Forex, indices, cryptos More Info
Demo Accounts:
✔
MetaTrader 4:
✘
MetaTrader 5:
✘
cTrader:
✘
STP Account:
✔
ECN Account:
✔
DMA Account:
✘
Margin Trading:
✘
Social Trading:
✘
Copy Trading:
✘
Islamic Account:
✘
Commission-Free Investing Explained
A commission is a fixed fee charged by a brokerage when you buy or sell securities. Commissions are usually displayed as a percentage of assets traded, for example, 1% – 5%, or a flat fee, such as $10 per trade.
Let’s say you purchase one Apple share for $200 and the commission is 1%. You will be charged a $20 fee. This may also apply if you sell the share later down the line. With the flat-fee model, you could be charged a fixed $10 regardless of whether you buy one share or five shares. Note, with the percentage-based commission, most brokers also enforce a minimum payment, for example, 1% with a minimum charge of $5.
As the name suggests, commission-free trading brokers essentially waive this fee, reducing costs for investors. And while charges can feel low, commissions can quickly add up and eat into returns. This is particularly true for swing traders that open and close many positions. Let’s say that over the course of a year you made a total return of 10%, equal to $1,000. If you owe 3% in commission charges ($300), your actual return after fees is $700. Not only does this reduce your profit margin, but it also limits how much capital you have to reinvest.
History
Robinhood became the first commission-free trading broker in 2013. The simplicity of its pricing model was a huge success with six million new accounts opened in the following five years. It is worth pointing out, however, that the firm continued to make money through other methods, including margin lending, rehypothecation and charges for premium services.
Still, with Robinhood attracting new clients while its bottom line soared, other brands started to follow suit. eToro, Interactive Brokers and TD Ameritrade are just some of the big names that now offer commission-free investing on popular stocks and assets.
Benefits of Brokers With Commission-Free Investing
There are several advantages of signing up with brokers that offer commission-free investing:
- Profit Margins – The key benefit is lower fees and higher profits. A commission-free structure means you keep all of your revenue with straightforward visibility over profit and loss
- Portfolio Diversification – Access to assets with zero commission means you have more capital to play with, making it easier to build a mixed portfolio
- New Traders – For beginners and inexperienced investors, commission-free trading brokers make it easy to speculate on stocks and shares without having to worry about upfront charges
Drawbacks of Brokers With Commission-Free Investing
There are also some downsides to commission-free trading:
- Hidden Fees – Some brokers use their commission-free stance to hide additional fees. This can include expensive account maintenance charges, currency conversion rates, subscription fees, and margin lending. Wider spreads may also apply
- PFOF – Many brokers with commission-free investing use the Payment for Order Flow (PFOF) model. Firms essentially sell order flow to market makers and exchanges who make money by providing liquidity to markets. But this approach can be bad news for retail investors, leading to poor quality executions with higher purchase prices and lower sell prices
- Fewer Assets – Zero commission brokers tend to offer access to a narrower range of assets versus some online trading platforms. Commission-free trading is primarily offered on stocks, ETFs and options. It is less common to find fee-free trading on futures, mutual funds, forex and cryptos
Comparing Brokers With Commission-Free Investing
There is more to picking a brokerage account than commission charges. Although fee-free trades are attractive, you should also consider the level of service, trading platform availability and the range of assets. Below we outline some key considerations:
Other Fees
Many brokers that offer commission-free investing will look to cover the administration costs of placing trades through alternative methods. Charges may apply to services that are not directly related to buying or selling assets. Trading 212, for example, is moving to a ‘freemium’ based subscription service, meaning basic products and features will remain free while clients will have to pay for additional access and upgrades.
Also check that average spreads are in line with the industry. In addition, keep an eye out for account inactivity penalties, higher forex conversion charges, plus overnight rollover rates. Fees for making an initial deposit can also cut into your capital.
Assets & Markets
Many online brokers offer commission-free investing on stocks, ETFs and options. But traders looking for zero-fee forex and futures products, for example, may struggle. Make sure the provider you open an account with offers opportunities in the markets that you are interested in.
Educational Resources
Whether you are an experienced investor or a complete beginner, firms with comprehensive educational content, investment analysis and bespoke tools offer a market-leading trading environment. Video tutorials, in particular, are often best for beginners and cover the basics of using trading platforms and applying strategies.
Platforms
Does the broker offer proprietary software, tools and analysis services? Alternatively, does the firm provide access to industry-standard terminals such as MT4 and MT5? Additional features such as margin calculators, asset heat maps and economic calendars may also prove useful.
Customer Support
Access to a responsive customer service team should be a key consideration. Companies with 24-hour availability through popular channels are the most reliable. Responsive live chatbots are particularly useful for new traders.
Payments
How can you deposit funds into your account and withdraw profits? Credit and debit cards, international bank wire transfers and e-wallets like PayPal are available at most of the top brokers with commission-free investing. Also remember that some payment methods may have a minimum deposit requirement.
Leverage
Investors use leverage to increase potential returns by borrowing funds from their broker. The amount of leverage available varies by regulator and trading jurisdiction but can be as high as 1000x times your initial investment.
Note, access to leverage can be restricted when trading on a zero-commission account. Also, many brokers with commission-free investing use margin payments from traders to generate additional revenue by moving capital into bank accounts where they receive a favorable interest rate.
Top Brokers With Commission-Free Investing
Below we list some of the best global brokers that offer commission-free trading:
- SoFi – $0 for stock trades
- eToro – $0 for stock trades
- TD Ameritrade – $0 for stock trades
- Vanguard – $0 for stock and ETF trades
- Interactive Brokers – $0 for stock trades
- E-Trade – No commission for stocks, ETFs or options
- Degiro – $0 for US stocks and selected ETFs
- Charles Schwab – No commission for stock and ETF trades
- Robinhood – No commission for stocks, ETFs, options & cryptocurrencies
Regulation & Security
There are concerns that commission-free trading is used to attract new customers to riskier, leveraged products, such as CFDs. A CFD is essentially a contract between a buyer and seller that stipulates payment must be made between the current price and the price when the product is sold. Importantly, investors do not own the underlying asset, such as a stock. Recognising this risk, the UK Financial Conduct Authority (FCA), among other regulators, have imposed mandatory losing percentage warnings on brokers’ websites.
Importantly, we don’t recommend signing up with unlicensed providers or risking more capital than you can afford to lose.
Bottom Line on Brokers With Commission-Free Investing
Brokers with commission-free investing are popular with aspiring swing traders, offering a low-cost, straightforward trading environment. However, as this article has outlined, look out for additional fees and inflated costs for other services. Use our tips above and list of top brokers to get started today.
FAQ
What Is Commission-Free Investing?
Commission-free trading means there is no direct fee or charge when placing a trade. This can appeal to investors starting out and those with limited capital. On the downside, some brokers look to make up for the saving through other charges.
How Do Brokers With Commission-Free Investing Make Money?
Most brokers look for alternative ways to cover the costs of executing trades, as well as applying a mark-up. This can include deposit and withdrawal charges, margin lending, account inactivity penalties and higher spreads. Many firms also sell their order flow to exchanges and market makers through the Payment For Order Flow (PFOF) model.
Is Commission-Free Investing Only Good For New Traders?
Trading with zero commissions appeals to traders of all experience levels. However, prospective customers should be aware that firms may offer lower quality executions, higher buy prices and lower sell prices if they adopt a Payment For Order Flow (PFOF) model.
Which Regulated Brokers Offer Commission-Free Investing?
Multiple global brokers that are regulated by a top-tier agency offer commission-free investing, including eToro, Interactive Brokers, and TD Ameritrade.
Do Brokers Offer Commission-Free Trading On All Assets?
Brokers normally only offer commission-free trade executions on some assets, such as stocks, ETFs and options. Forex and crypto products usually have a spread and commission charge to take into account.