The Best Online Brokers for 2024

Fidelity is one the best and most well-rounded brokerages available today. Fidelity has a great user interface and offers a great experience for beginner and seasoned investors alike. Fidelity allows investors to trade stocks, ETFs, mutual funds, bonds, options, and more. Fidelity also has no fees for U.S. stock and ETF trades and allows the trading of fractional shares. Since Fidelity is one of the oldest online brokers, it also has some of the best customer support. Fidelity also has an account minimum of $0 and allows for recurring investments on Fidelity mutual funds. It's hard to go wrong with Fidelity since it is such a well-rounded broker.

Vanguard is another great online stock broker that has been around for a long time and is best known for being the best in low-cost investing. Vanguard is ideal for long-term investors and retirement investors because of its low fees. Vanguard offers commission-free trades on stocks, options, and ETFs, a $0 account minimum, and one of the best selections of mutual funds. Vanguard doesn't have the best interface or offer a lot of research and data but makes up for having some of the best low-cost funds, no fees on stock options and ETF trades, and having one of the largest mutual fund selections and allowing the trade of fractional shares.

Acorns is a robot investor that allows investors to automate their investments. Acorns will invest your money into the stock market based on a portfolio that it deems is best for you. With Acorns you never have to buy or sell stocks, all you have to do is put money into Acorns and it will do the rest. You can transfer money into Acorns by rounding up purchases and investing the difference, or by transferring money to the app on a daily, weekly, or monthly basis. Acorns is great for hands-off investors or beginners and even though Acorns charges a monthly fee of $3 - $5 it is still a great robo investor.

Webull has some of the lowest costs of any brokerage and has a modern and sleek user interface with tons of data for investors. Webull is targeted towards more proficient investors and active traders as the brokerage has a wide variety of tools and data for investors. Webull allows investors to trade stocks, ETFs, options, crypto, and fractional shares. It also offers a $0 account minimum and no fees on stock, ETF, and options trades. Although Webull isn't the best pick for beginners, this is a great choice for active and seasoned investors and investors who want to trade a wide variety of assets including crypto.

Robinhood is a great beginner-friendly broker, as it has a modern and easy-to-use interface. Robinhood offers free stock, options, ETF, and cryptocurrency trades. If you want to dabble in cryptocurrency while trading stocks, then Robinhood is a great option. Not to mention Robinhood also offers some of the lowest costs in the industry. Robinhood allows investors to trade stocks, ETFs, crypto, and options, all while having a $0 account minimum. Although Robinhood has some great upsides it also has some downsides. Robinhood has subpar customer support, doesn't have mutual funds or bonds, and has also been subject to some serious lawsuits over the years but overall Robinhood is still a great choice.