Best Brokers For Commission-Free Trading 2025
Dig into our exhaustively tested list of the top brokers for commission-free trading, made popular by the likes of Robinhood, but now available at various providers.
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1
We confirmed Interactive Brokers offers commission-free trading in certain accounts and regions. With IBKR Lite (US), you pay $0 commission on US-listed stocks/ETFs. Outside Lite or the US, IBKR Pro charges per share, so costs are not "zero." However, fills match displayed prices, keeping costs predictable, and you get tight spreads without hidden fees common at other firms.
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2
In our moomoo tests, commission-free trading performed well: $0 commissions on U.S. stocks/ETFs and $0 commissions and contract fees on U.S. equity options for U.S. residents trading in U.S. markets. Only SEC/FINRA fees apply, and there are no platform fees. Pricing remained as displayed before trade. Spreads are reliably tight, with no hidden fees appearing during busy sessions.
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3
eToro offers zero commissions on self-directed US stocks and options in certain regions. Our experience showed that eToro clearly displays other fees, like spreads, before trades, making costs easy to understand. This transparency benefits both casual and active traders by simplifying the trading process.
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4
XTB offers zero commission on real stocks and ETFs for monthly turnovers up to €100,000. Above that, a 0.2% fee (minimum €10) applies, plus a 0.5% FX conversion if the currency differs. Exact costs are shown before ordering. XTB’s clear and reliable system helps active traders easily manage short-term fees.
Top Commission-Free Brokers Comparison
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $0 | $100 | 1:50 | ✗ | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | Capitalise.ai, TWS API | ✓ | ✗ | |
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✓ | ✓ | $0 | $0 | 1:2 | ✗ | SEC, FINRA, MAS, ASIC, SFC | Stocks, Options, ETFs, ADRs, OTCs ,Futures | Desktop Platform, Mobile App | USD, HKD, SGD | ✗ | ✗ | ✗ | |
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✓ | ✓ | $100 | $10 | 1:30 EU | ✓ | FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTsStocks, ETFs, Options, Crypto | eToro Web, CopyTrader, TradingCentral | USD, EUR, GBP | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | ✓ | ✗ | |
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✓ | ✓ | $0 | 0.01 Lots | 1:30 (EU) 1:500 (Global) | ✗ | FCA, CySEC, KNF, DFSA, FSC | CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs | xStation | USD, EUR, GBP | ✗ | ✗ | ✓ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Brokers For Commission-Free Trading 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✗ | ✗ | ✓ | |
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✗ | ✓ | ✓ | |
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✓ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Brokers For Commission-Free Trading 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✓ | ||
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Yes (iOS & Android) | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✓ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Brokers For Commission-Free Trading 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $0 | $100 | ✓ | ✗ | ||
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✓ | $0 | $0 | ✗ | ✗ | ||
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✓ | $100 | $10 | ✓ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✓ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Brokers For Commission-Free Trading 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Capitalise.ai, TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
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✗ | ✗ | ✗ | ✗ | ✗ | 1:2 | ✗ | ✓ |
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Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | ✗ | ✗ | ✓ | ✗ | 1:30 EU | ✗ | ✓ |
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✗ | ✗ | ✗ | ✗ | ✓ | 1:30 (EU) 1:500 (Global) | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers For Commission-Free Trading 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
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✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✓ | USD: 5.1% | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | USD: 5.3% | ✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ |
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✓ | USD: 2%, GBP: 4.5%, EUR: 1.25% | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✓ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Brokers For Commission-Free Trading 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Brokers For Commission-Free Trading 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | $0 | $0 per trade | ✗ | ✗ | |
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✓ | $10 | 0.57 (Apple) | 0.9 | BTC 1% | |
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✗ | €10 per 365 days | 0.2% | 1.0 | 0.22% | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Brokers For Commission-Free Trading 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| eToro |
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| Moomoo |
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| Interactive Brokers |
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| XTB |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- The TWS platform is designed for intermediate to advanced traders. It includes over 100 order types and a dependable real-time market data feed that rarely experiences downtime.
- The new IBKR Desktop platform combines the advantages of TWS and adds unique tools like Option Lattice and Screeners with MultiSort to make trading accessible and impressive for traders of all levels.
- Interactive Brokers has introduced ForecastTrader, a zero-commission service allowing users to trade yes/no Forecast Contracts on political, economic, and climate events. Contracts offer fixed $1 payouts, 24/6 market access, and a 3.83% APY on held positions.
Cons
- IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
- TWS's platform may be difficult for beginners to grasp because of its complexity - we were overwhelmed during our initial tests by the sheer volume of tools, features and widgets.
- Only one active session per account is allowed, which means you can't run the desktop version and mobile app at the same time. This can sometimes lead to a frustrating trading experience.
Why Trade With Moomoo?
Moomoo is a great option for beginner and intermediate traders aiming to diversify their investment portfolio. The brokerage's app is easily navigable and the trading fees are significantly low.
Pros
- Moomoo's insights and analytics are more comprehensive and detailed than other brands.
- Moomoo is a FINRA and SIPC member, providing additional security for potential clients interested in trading.
- Moomoo is a licensed entity with the US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS).
Cons
- The broker doesn't offer phone or live chat support, options typically provided by other brokers.
- The protection against negative balance, a standard security measure at highly regulated brokers, is not available here.
- Regrettably, even with its existing security features, this platform still lacks 2 factor authentication (2FA).
Why Trade With eToro?
eToro's social trading platform ranks highly due to its excellent user experience and active community chat, useful for beginners seeking trading opportunities. The platform also offers competitive fees on a vast selection of CFDs and actual stocks, alongside beneficial rewards for skilled strategy contributors.
Pros
- In 2025, eToro stopped including crypto trading fees in the spread. Now, the commission is charged separately and shown as a clear line item, providing traders with more transparency without increasing overall costs.
- eToro launched automated crypto staking for easy passive income, except for Ethereum, which requires opt-in.
- The web platform and mobile app receive higher user reviews and app rankings than leading competitors, including AvaTrade.
Cons
- Contact options are limited, except for the in-platform live chat.
- The minimum withdrawal amount is $30 with a $5 fee, impacting beginners with little capital.
- There are no guaranteed stop-loss orders, which would be a helpful risk management feature for beginners.
Why Trade With XTB?
XTB is an excellent option for new traders due to its xStation platform, low trading costs, no minimum deposit, and outstanding educational tools, many of which are integrated into the platform.
Pros
- Signing up for an XTB account is simple and entirely digital, taking only a short while. This enables a seamless transition into trading for new traders.
- XTB provides withdrawals within 3 business days, depending on the method and amount.
- XTB offers over 10,000 instruments including CFDs on shares, indices, ETFs, commodities, forex, cryptocurrencies, as well as real shares, real ETFs, share dealing, and recently, investment plans, serving both short-term traders and long-term investors.
Cons
- XTB does not provide a raw spread account. This is often given by competitors such as Pepperstone. This can be of disadvantage to traders searching for the narrowest spreads.
- The demo account ends in four weeks. This is a limit for traders wanting to fully explore the xStation platform and try out strategies before using actual money.
- XTB has stopped supporting MT4, making traders use its own platform, xStation. This could discourage advanced traders who are accustomed to the MetaTrader suite.
Filters
How We Chose the Best Commission-Free Brokers
To identify the best brokers for commission-free trading, we conducted an evaluation based on over 200 data points for each provider, combined with hands-on testing by our experts.
Our rankings prioritized brokers that offer true commission-free trading with no hidden fees, ensuring cost-effective access to the markets.
We also assessed key factors such as platform features, regulatory oversight, and overall user experience to ensure traders get the best combination of zero-commission trading and a seamless investing experience.
Note, commission-free trading may only be available on certain assets and account types at listed providers.
What to Look For in a Top Broker With Commission-Free Trading
When choosing the best broker to use for commission-free trading, you need to pay particular attention to the five following things:
Regulatory Status
This should be the first thing on any trader’s checklist, regardless of the type of brokerage you wish to employ.
The booming popularity of online trading has led to an explosion in the number of fraudulent operators and brokers engaging in poor business practices.
Unsuspecting traders frequently see unscrupulous businesses and individuals disappear with their cash and reams of personal data.
Investors can protect themselves by ensuring the commission-free brokerage they choose is authorized by a respected global regulator. Great examples include the US Securities and Exchange Commission (SEC), and the UK’s Financial Conduct Authority (FCA).
Pro tip: Regulators often publish a list of licenced trading platforms – as well as a ‘warning list’ of disreputable parties – to help individuals avoid getting caught out.
FOREX.com is one of the most well-regulated commission-free brokers based on our tests, boasting licenses from 10 top-tier financial bodies, including the CFTC, NFA, and FCA.
Fee Structure
We’ve found that commission-free brokers often try to claw back the money they ‘lose’ by not charging transaction fees in other ways. For frequent traders, this can lead to higher dealing costs than they’d otherwise incur by using a brokerage that charges per trade.
As well as billing customers to deposit and withdraw cash, commission-free brokers can also slap fees on inactive traders, clients who wish to use margin, and traders who buy and sell assets that are denominated in particular currencies.
As a result, it’s important to look at all trading costs and consider how they will impact your profitability based on your trading style.
Expert take: Some commission-free brokers also only offer $0 charging fees on particular assets. IG, for instance, doesn’t charge traders for buying and selling US, European and Australian shares, but bills for transactions involving UK equities.
IG web platform
Trade Execution
Being able to execute orders rapidly is critical for all investors and traders. But with many commission-free brokers using payment for order flow (PFOF) to bump up revenues, buying and selling smoothly and cost effectively can be severely compromised.
The problem can be especially severe in fast-moving markets such as forex. In the worst case, the cost of buying or selling a security at a worse price than expected can eliminate the advantage of avoiding commission charges.
Individuals should therefore closely observe how effectively and reliably a trading platform carries out their trades.
Interactive Brokers can be an attractive option for traders in this regard, as it doesn’t engage in PFOF in certain account types.
Product Range
The range of tradeable assets can differ significantly across brokers so check the instruments you want to trade without commissions are supported.
This may not be an issue for focused traders, but those who wish to trade a variety of securities to build a diverse portfolio may find themselves severely restricted.
In general, you can trade a wide variety of markets commission-free, including:
- Stocks
- Forex
- Bonds
- Exchange-traded funds (ETFs)
- Cryptocurrencies
- Derivatives (like futures contracts and contracts for difference (CFDs))
Pro tip: Some commission-free brokers facilitate the trading of fractional shares, instruments that allow individuals to gain exposure to expensive stocks with just a few dollars.
eToro still provides commission-free trading on ETFs, including via its CopyTrader and Smart Portfolios. However, stocks now incur a small commission depending on your location and the stock exchange.
Trading Tools
Growing competition has created an arms race amongst brokers as to who can offer the best trading platform and the greatest selection of tools and other resources.
The best one may simply come down to personal preference, like a platform’s appearance. But other differences may be more consequential. For instance, if trading on the go is essential, we’ve found providers like Moomoo optimal because it offers excellent app-based trading.
Moomoo Platform
FAQ
What Is a Commission-Free Trading Broker?
A broker that provides commission-free trading allows the buying and selling of financial securities without paying transaction fees. This can have significant advantages for high-volume traders, and those who wish to make low-value transactions.
Yet while this can have significant cost advantages for traders, you need to beware of other potential steep costs and order execution delays.
The number of commission-free brokers has grown sharply after the first one – Robinhood – opened for business in the early 2010s.
What Are the Risks of Using a Commission-Free Broker?
There’s no such thing as a ‘free lunch,’ and many commission-free operators can make their money back in other ways. They can charge withdrawal or deposit fees, for instance, and their bid-offer spreads can also be wider than those of conventional brokers.
Commission-free brokerages also routinely sell their customers’ trade orders to market makers instead of routing them directly to an exchange.
This process, known as payment for order flow (PFOF), can result in higher buying and lower selling prices, as well as delays to order execution.