Best New York Stock Exchange Brokers 2025
Discover the best brokers with access to the New York Stock Exchange (NYSE) following our rigorous hands-on testing.
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1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.5 NinjaTrader is a US-based brokerage regulated for trading futures. It offers three different pricing plans for varied needs and budgets, along with extremely low margins on popular contracts. The company's renowned charting software and trading platform provides extensive customization options and excellent technical analysis features. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 3.4 eToro is a platform for social investing that provides options for both short and long-term trading on stocks, ETFs, options, and crypto. The platform is recognized for its easy-to-use, community-oriented interface and reasonable fees. With oversight from FINRA and SIPC, and used by millions globally, eToro is a reputed name in the industry. Trading on eToro is facilitated by eToro USA Securities, Inc. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 4.3 Moomoo is a regulated trading platform which is controlled by SEC. It provides a simple, cost-effective method to trade in stocks, ETFs, and various assets from China, Hong Kong, Singapore, the US, and Australia. They provide the option for margin trading, along with no deposit account and several bonus options. -
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Trust Platform Assets Fees Accounts Research Education Mobile Support 2.5 Plexytrade, founded in 2024 and based in Saint Lucia, is an ECN/STP broker. It caters to active traders and offers four account choices. It also allows crypto transactions and a notably high leverage of up to 1:2000, due to its unregulated status.
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Safety Comparison
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Mobile Trading Comparison
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Comparison for Beginners
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Comparison for Advanced Traders
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Accounts Comparison
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Detailed Rating Comparison
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Fee and Cost Comparison
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Broker Popularity
See how popular the Best New York Stock Exchange Brokers 2025 are in terms of number of clients.
Broker | Popularity |
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Moomoo |
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Interactive Brokers |
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eToro USA |
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NinjaTrader |
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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
- IBKR is a highly regarded brokerage, regulated by prime authorities. This ensures the safety and reliability of your trading account.
- 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.
- IBKR, primarily designed for skilled traders, has expanded its appeal recently by eliminating its initial $10,000 deposit requirement.
Cons
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
- 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.
- TWS's platform may be difficult for beginners to grasp because of its complexity. Plus500's web platform, on the other hand, is more appropriate for those new to trading.
Why Trade With NinjaTrader?
NinjaTrader consistently satisfies active futures traders with its low-cost service and high-quality analysis tools. It offers superior charting features, including hundreds of indicators and over 10 chart types.
Pros
- You can access thousands of applications and add-ons from developers worldwide for trading.
- NinjaTrader provides detailed charting software for active traders, complete with custom technical indicators and widgets.
- Traders can access a free platform and trade simulation capabilities with the unlimited demo.
Cons
- The advanced trading tools require an additional fee.
- Some payment methods require a withdrawal fee.
- You need to register with partner brokers to trade in securities other than forex and futures.
Why Trade With eToro USA?
eToro is a top choice for traders due to its top-notch social investing and copy trading services. The broker caters well to new traders with its low deposit requirement, commission-free trading, and user-friendly platform.
Pros
- A free demo account enables new users and potential traders to test the broker without risk.
- eToro USA Securities is a reliable broker that's regulated by the SEC, part of FINRA, and a member of SIPC.
- The broker's Academy provides extensive educational resources for traders, ranging from beginners to advanced levels.
Cons
- Average fees can reduce the profits of traders.
- There are fewer trading options available, including only stocks, ETFs, and cryptos, compared to competitors.
- Traders used to third-party charting tools won't find MetaTrader 4 platform integration.
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 is a licensed entity with the US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS).
- Moomoo is a FINRA and SIPC member, providing additional security for potential clients interested in trading.
- The broker requires no minimum deposit, making it suitable for beginner traders.
Cons
- The protection against negative balance, a standard security measure at highly regulated brokers, is not available here.
- The broker doesn't offer phone or live chat support, options typically provided by other brokers.
- Regrettably, even with its existing security features, this platform still lacks 2 factor authentication (2FA).
Why Trade With Plexytrade?
Plexytrade is a new trading platform offering attractive features such as a 1:2000 leverage, zero spreads on certain instruments, and quick execution speeds of less than 46 milliseconds. However, the company is not regulated which is a substantial issue, and the lack of research and educational tools puts it behind other leading platforms.
Pros
- Plexytrade, though unregulated, ensures trader safety by offering negative balance protection and maintaining segregated accounts for client funds.
- Different VPS packages start at $50 monthly, but they are free after reaching certain deposit amounts.
- Plexytrade provides up to 1:2000 leverage, one of the highest rates available. It's designed for experienced traders who opt to bypass regulatory safeguards.
Cons
- Plexytrade, offering about 100 instruments, limits the options for traders interested in a variety of assets. This is particularly noticeable when compared to Blackbull, which has 26,000 securities.
- The platform doesn't offer social or copy trading options. This means that novice traders cannot mirror the actions of more accomplished traders, unlike on platforms such as eToro.
- Plexytrade isn't regulated in key regions, which raises the risk for traders who open an account or deposit money.
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Introduction to the NYSE
The New York Stock Exchange (NYSE) is the largest stock market in the world and offers various investment opportunities through brokers. Situated in the iconic Wall Street in New York, trading on the NYSE has become entirely electronic thanks to technological advancements.
In this guide, we’ll help you understand how to choose the best stock broker for NYSE trading, explore the history of the NYSE, and guide you on how to start trading on it.
Choosing the Right NYSE Broker
Picking the right broker to trade on the NYSE is crucial. Consider the following factors:
Fees
– Brokers often charge fees for buying and selling stocks. These fees can be a fixed amount or a percentage of the trade value.
– For example, Pepperstone charges $3.50 per trade for certain accounts.
– Be sure to compare fee structures of different brokers and check for any additional costs like withdrawal fees or inactivity charges.
Mobile App
– Many brokers offer mobile apps, allowing you to trade on-the-go.
– Look for apps that provide tools for analyzing stock prices and trends.
– Some popular apps include XTB’s xStation and MetaTrader 5, both offering user-friendly designs and useful market data.
Demo Accounts
– Top brokers provide demo accounts where you can practice trading with virtual money.
– Demo accounts help you test strategies without risking real money.
Deposit & Withdrawal Methods
– Choose brokers that offer convenient options for depositing and withdrawing money, like ACH transfers or debit cards.
– Look for brokers with low or no transaction fees and quick processing times.
Understanding the New York Stock Exchange
The NYSE, managed by Intercontinental Exchange, is not just a stock market; it’s a piece of history and a hub for major financial activities.
A Bit of History
– The NYSE began in 1792 with the Buttonwood Agreement, a pact to set standard commissions among 24 brokers.
– It started with trading shares of banks like the Bank of North America.
– Over the years, the Exchange has adapted to changes, such as moving to fully electronic trading by 2020.
Different Indices on the NYSE
An index tracks the performance of a group of stocks. Here are some major NYSE indices:
- NYSE Composite (DJ): Contains all stocks listed on the NYSE.
- NYSE Arca Tech 100: Focuses on top 100 tech companies, including stocks from other exchanges.
- Dow Jones Industrial Average: One of the most watched indices, featuring the 30 largest U.S. companies.
- S&P 500: Tracks 500 of the biggest companies in the U.S.
- NYSE FANG+: Includes 10 major tech companies in an equal-weighted index, providing diversity in portfolio.
- NYSE Bitcoin Index: Reflects the US dollar value of Bitcoin transactions.
Uses of the NYSE
NYSE vs NASDAQ
– The NYSE is an auction market where investors trade directly with each other, unlike NASDAQ, which is a dealer market with intermediaries.
– While the NYSE features more established companies, NASDAQ focuses more on tech firms, making each exchange appealing to different types of investors.
NYSE Pillar
– NYSE Pillar is an advanced platform easing access to various NYSE markets including NYSE American and NYSE Arca.
– This platform brings together over 8000 securities from different U.S. stock exchanges.
Tapes A, B, and C
These tapes categorize U.S. stocks:
- Tape A: NYSE-listed stocks.
- Tape B: Mainly regional stocks listed on Arca.
- Tape C: NASDAQ stocks traded on NYSE.
How the NYSE Works
Floor Brokers
– Recognizable by their jackets, floor brokers execute trades for clients using hand signals and verbal communications on the trading floor.
– Gradually, electronic systems are replacing many traditional methods.
Program Trading
– This refers to using computer algorithms to trade large volumes of stocks, typically involving transactions over $1 million.
– Though efficient, program trading can add to market volatility.
Halts
– Circuit breakers can halt trading if prices drop excessively to prevent market panic, like during the Gamestop trading surge.
Reports
– NYSE provides data and reports, such as volume summaries, to help investors make informed decisions.
Regulation
– The NYSE is regulated to ensure fair trading, with organizations like FINRA and SEC overseeing compliance.
Key Companies on the NYSE
– Major companies include Apple, Microsoft, and Google.
– For a company to be listed on the NYSE, it needs substantial market value and must maintain its share price above certain levels.
Why Trade on the NYSE?
Trading on the NYSE offers:
- High Liquidity: Easier to buy and sell shares due to high volume of trades.
- Competitive Pricing: Narrow bid/ask spreads benefit investors.
- Stability: More established companies tend to be listed here.
Getting Started with NYSE Trading
Pick a Strategy
– Develop a trading strategy to guide your investment decisions.
– The NYSE tick index strategy helps gauge market trends by comparing stocks moving up against those moving down.
Opening Times
– The NYSE operates from 09:30 to 16:00 New York time, Monday to Friday.
– Additional pre-market and after-hours sessions are also available for extra trading opportunity.
Tips for NYSE Investors
- Access real-time data using API connections to stay updated.
- Understand the tax implications when trading stocks.
- Stay informed with the latest news and reports from the NYSE.
- Set alerts for important stock changes to react quickly to market shifts.
- Use online resources to learn more about trading and develop better strategies.
Final Thoughts on NYSE Brokers
Brokers give traders like you access to the world’s biggest stock market, offering the chance to trade shares in leading companies. The high liquidity and narrow spreads make it a top choice globally. Explore our list of recommended NYSE brokers to begin your investment journey.
FAQs
How Do I Start Trading On The NYSE?
To trade, use a regulated broker with access to the NYSE. Pay attention to fees and commissions.
How Does The NYSE Trading Floor Work?
Traders facilitate buying and selling for clients. Transactions are first verbal then confirmed electronically.
What Are The NYSE Trading Hours?
The main trading hours are from 09:30 to 16:00 (NYC time), with extended trading sessions available pre and post-market.
NASDAQ vs. NYSE: What’s the Difference?
Unlike the auction-based NYSE, NASDAQ operates as a dealer market without a physical floor, focusing mainly on tech shares.
When Did the NYSE Begin?
The NYSE started in 1792 with the Buttonwood Agreement to standardize trading practices.
What Are NYSE Non-Trading Days?
The NYSE observes several holidays, including New Year’s Day, Martin Luther King Jr. Day, and Christmas, where no trading occurs. Check with your broker for a full list.