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Free Stock Trading

Whether you consider yourself a beginning or advanced trader, you have to agree - nothing beats free trading. Every month, Benzinga rounds up the brokerages that offer free stock trading or free stock trading promotions for new account holders.

Anyone from online brokers to robo advisors offer free stock trading for new account holders. And now, with Robinhood finding wild success, you’ll find another new class of online brokerages looking to compete in the free stock trading world.

With new brokerages and free stock trading promotions popping up, they can be hard to keep track of.

Every month, Benzinga hunts down where you can trade for free and puts the brokers in the list below. You can check back on the first of each month for more exclusive deals, promotions and other opportunities for free trades.

If you’re looking for a new brokerage, it’s also worth it to check out Benzinga’s picks for the Best Brokerage of 2019 to compare services, fees, and other features.

Quick Look: Free Stock Trading Brokers and Robo Advisors

Every Commission-Free Stock Trading Broker and Robo Advisor

With Robinhood’s ever-increasing popularity, you may be curious where else you can trade stocks for free. Luckily, there are a number of new online brokers and robo advisors that offer free stock trading. 

Robo advisors, like Acorns and Wisebanyan, offer managed accounts with zero commissions and low account minimums. These may be a great option for you if you’re looking to venture in the investing world and have goals, but might be too intimidated to pick your investments. 

Other online brokers that offer self-directed trading accounts, like Webull, M1 Finance, Firstrade and Matador, give you the power to make their own trading decisions. These brokers aren’t bare bones, either. They’re equipped with news feeds, great mobile experiences and investor education.  

Broker Who It’s For Commission Account Minimum Open an Account

Webull
Read full review

  • Beginning investors looking to start trading
  • Traders who value charts, market data, news feeds  & more

 

$0
per stock trade

 

$0

to open an account

Open a Webull Account 

and get a free stock with your first deposit

 

M1 Finance

Read full review

  • Cost-conscious DIY investors
  • Passive investors looking to save for retirement
$0
per trade

$100

to open an account

Open an M1 Finance account 

Firstrade

Read full review

  • Self-directed investors
  • If you want free trades without using a robo advisor

$0

per trade

 

$0 

to open an account

Open a Firstrade account

Robinhood
Read full review

  • Beginning traders
  • Those looking for an easy-to-use platform

$0
per stock trade

 

$0

to open an account

 

Open a Robinhood account

Acorns

Record full review

  • Microinvestors
  • College students

$0

for college students with a verified .edu email

$5

to open an account

Open an Acorns account

WiseBanyan

Read full review

 

  • Beginning investors who want a free managed portfolio
  • People looking to save for a particular goal
$0
per trade

$0

to open an account

Learn more about WiseBanyan

Matador

  • Those looking to invest with friends 
  • Investors who need an intuitive mobile experience
$0 
per trade

 


$0

to open an account

 

Learn more about Matador 

 

TradeZERO 

  • New investors who need exceptional customer support
$0 
per trade

$2,500

to open an account

Learn more about TradeZERO

All Free Stock Trading Promotions for New Account Holders

While some brokers are completely free, a number of larger, more traditional online brokers offer free trades through other means. These free trades or cash bonuses through promotions for new customers or commission-free electronic funds transfers (ETFs) for the life of the account.

The first offer is free stock trading for new account holders. The free stock trading windows will last anywhere from 2-6 months. While the free trading period doesn’t last forever, it can help users learn the platform, take time to absorb educational content and get more comfortable executing trades. After the period is up, account holders will be charged the standard commission rates.

Some brokers may even offer cash bonuses for initial deposits. Some brokers, like Ally Invest, will offer up to $3,500 for a large deposit. The bigger your deposit, the higher the cash bonus. The bonuses are usually deposited directly into your account.

Outside of the two offers above, many brokers offer commission-free ETFs from iShares, Wisdom Tree and other popular ETF providers. In some cases, ETF fees can be as high as $20, so the savings can make a serious impact over time.

Broker Who It’s For Commission-Free Trading Period Commission-Free ETFs Cash Bonus Open an Account

Ally Invest

Read full review

  • Active traders
  • Beginners looking for a user-friendly plaftform
  • Low-fee trading

90 days of commission-free trades

for new account holders

Yes

Up to $3,500

for new account holders only. Dependent on size of initial deposit

Open an Ally Invest account

E*TRADE

Read full review

  • Mobile traders
  • Traders looking for research and data
  • Investors looking for retirement guidance

60 days of commission-free trades

for new account holders

 

Yes 

Up to $600

for new account holders only. Dependent on size of initial deposit

Open an E*TRADE account

Interactive Brokers

Read full review

  • Advanced traders
  • Frequent traders looking for vast order types
Not available Yes Not available Open an Interactive Brokers account


TD Ameritrade

Read full review

  • Beginner investors
  • Advanced traders
  • Investors who want portfolio-building advice

60 days of commission-free trades

for new account holders

Yes

Up to $600

for new account holders only. Dependent on size of initial deposit

Open a TD Ameritrade account

Charles Schwab

Read full review

  • Beginner investors
  • Advanced traders
  • Investors seeking commission-free ETFs
Not available Yes Not available Open a Charles Schwab account

Fidelity Investments

Read full review

  • Retirement investors
  • Active traders
  • Premium research
  • Low fees
Not available Yes Not available Learn more about Fidelity Investments

 

Vanguard

Read full review

  • Set-it-and-forget it investors
  • Saving on taxes
  • Complex financial planning for retirement
Not available Yes Not available Learn more about Vanguard
Compare Online Brokers
Broker Commission Account Min Get Started

$6.95 for fewer than 30 trades/quarter. $0 Learn More

Flat-fee pricing: $5 per trade, Per-share pricing: $0.006-$0.01 per share ($1 minimum per trade) based on trading volume, Unbundled pricing: $0.002-$0.01 per share ($0.50-$1 minimum) based on trading volume $5,000 for individual retirement accounts (IRAs) Learn More

$4.95 volume discount available $0 Learn More

Free $0 Learn More

$0.005 per share minimum $1 and maximum 0.5% of trade value; volume discount available $0 for cash account, or a margin account with $2,000 Learn More