Top Low-Fee Brokers - Commissions, Spreads, FX and Custody Fees
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Broker Rankings

Best low-fee brokers

There is no single "low fee"-the true cost of a trade comprises multiple distinct components: commissions, spreads, currency conversion fees, custody charges, account maintenance fees, deposit and withdrawal fees, and the interest rate on any margin loan. A low charge in one area typically corresponds to higher costs elsewhere; therefore, the low-fee brokers listed on this page are evaluated based on their total cost structure rather than headline figures alone. For international investors, currency conversion represents a significant hidden expense-a modest foreign exchange markup on each cross-currency transaction can exceed nominal commission savings. Consequently, multi-currency accounts often deliver superior overall value compared with zero-commission platforms when considering the complete cost calculation.

ETRADE from Morgan Stanley

ETRADE from Morgan Stanley

Investors seeking stocks, ETFs, options and futures

SIPC NFA FDIC CFTC
Stocks ETFs Options Futures Crypto

ETRADE from Morgan Stanley offers $0 online stock and ETF trades, advanced Power ETRADE platforms, options, futures, bonds and managed portfolios.

  • $0 online US-listed stock, ETF, mutual fund and options trades
  • No brokerage account minimums or maintenance fees
  • Options contract fee falls to $0.50 with 30+ quarterly trades
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Ally Invest

Ally Invest

Investors seeking stocks, ETFs and options

FINRA SIPC SEC
Stocks ETFs Options

Ally Invest combines self-directed trading with robo portfolios and personal advice, with $0 commissions on most U.S.-listed stocks and ETFs.

  • $0 commissions on most U.S.-listed stocks and ETFs
  • $0 options commission with a $0.50 contract fee
  • $100 minimum for Ally Invest Robo Portfolios
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Firstrade

Firstrade

Investors seeking stocks, ETFs and options

FINRA
Stocks ETFs Options

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobile apps and overnight stock and ETF trading.

  • $0 online trades for stocks, ETFs, options and mutual funds
  • $0 options contract, exercise and assignment fees
  • No deposit minimum and no inactivity fees
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ChoiceTrade

ChoiceTrade

Investors seeking stocks, ETFs and options

SEC FINRA SIPC
Stocks ETFs Options

ChoiceTrade is a US broker-dealer offering commission-free stocks and ETFs, options trading, and advanced platforms including a DAS Trader-powered Direct Pro for active traders.

  • No commission on listed US stock and ETF trades
  • Free $100,000 virtual demo account
  • Direct Pro platform powered by DAS Trader for advanced charting and order routing
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CMC Invest

CMC Invest

Investors seeking stocks and ETFs

FCA
Stocks ETFs

CMC Invest is an app-based investing platform with £0 commission, GIA, flexible ISAs, SIPP, stocks, ETFs and mutual funds. FX and plan fees vary by tier.

  • £0 commission on all in-app trades
  • Core plan has no monthly price plan fee
  • FX fee falls to 0.39% on Premium
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Charles Schwab

Charles Schwab

Investors seeking stocks, ETFs, options and futures

SIPC FDIC CFTC NFA
Stocks ETFs Options Futures Forex Crypto

Charles Schwab combines $0 online listed stock and ETF commissions with thinkorswim platforms, fractional S&P 500 Stock Slices, and automated portfolios.

  • $0 online listed stock and ETF commissions reduce trading costs
  • $0 brokerage opening, maintenance, and account minimums
  • Stock Slices let clients buy S&P 500 fractional shares from $5
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