Best Free Stock Trading Brokers

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.

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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: Best Free Stock Trading Brokers and Apps

Free Stock Trading Brokers (Promotions)

Every Commission-Free Stock Trading Broker App

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 WebullM1 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
TD Ameritrade
Read full review
Investors looking to trade on an
advanced platform. Traders who want to tap into TD Ameritrade’s
advanced research platforms.
 $0
per stock trade 
$0 to open an account Open a
TD Ameritrade Account 
 TradeZERO 
Read full review
New investors who need
exceptional customer support.
$0 
per trade
$2,500 to open an account Learn more
about TradeZERO
Charles Schwab
Read full review
Investors looking for advisor
support from 300 Charles Schwab branch locations. Free ETFs.
 $0
per stock trade 
$0 to open an account Open a
Charles Schwab Account 
 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
Read full review
Microinvestors College students. $0 for college students with a verified .edu email $5 to open an account Open an
Acorns account
WiseBanyan 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 

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.

BrokerWho It’s ForCommission-Free Trading PeriodCommission-Free ETFsCash BonusOpen an Account
Ally Invest Read full reviewActive traders. Beginners looking for a user-friendly plaftform. Low-fee trading.90 days of commission-free trades
for new account holders
YesUp to $3,500 for new account holders only. Dependent on size of initial deposit.Open an Ally Invest account
E*TRADE Read full reviewMobile tradersTraders 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 reviewAdvanced traders. Frequent traders looking for vast order types.Not availableYesNot availableOpen 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
YesUp to $600 for new account holders only. Dependent on size of initial deposit.Open a TD Ameritrade account
Charles Schwab Read full reviewBeginner investors Advanced traders. Investors seeking commission-free ETFs.Not availableYesNot availableOpen a Charles Schwab account
Fidelity InvestmentsRead full reviewRetirement investors. Active traders. Premium research. Low fees.Not availableYesNot availableLearn more about Fidelity Investments
 VanguardRead full reviewSet-it-and-forget it investors. Saving on taxes. Complex financial planning for retirement.Not availableYesNot availableLearn more about Vanguard

Q: Can I find a promotion on this list of Benzinga’s featured brokers?


A: Ally Invest already offers innovative self-directed trading and the industry’s lowest trading fees — but now you can get 90 days of commission-free trades and up to $3,500 in bonus cash.


Q: Is Benzinga’s list of free stock brokers really free? Seems too good to be true.


A: Welcome to the 21st century. You can officially wave good-bye to fee- and commission-heavy investments. When companies like robo-advisors burst onto the scene, they offered $0 account minimums — and other companies scrambled to match. Our list of brokers offer managed accounts with zero commissions and low account minimums. These may be a great option for you if you’re a beginning investor or have just a few dollars poking out of your wallet.


Q: Do the brokers on Benzinga’s featured brokers list have hidden fees?


A: Nope. Hidden fees are a thing of the past — and since all fees are so low for each broker, there’s nothing to hide. Every fee is clearly outlined on each broker’s website. Check out each broker on our list for its individual list of commissions, account minimums and other fees. 

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