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Best Brokers for Beginners

Fidelity for almost every beginner: zero-fee index funds, no minimum, and it can hold your IRA too. Wealthfront if you would rather not choose funds at all. Robinhood only if a simple interface is what gets you started.

Price this for your situation

Best Brokers for Beginners

Nothing we can price

None of these carry the figures needed to rank them for your situation yet.

Indicative — a typical outcome, not a quote

  • These are not ranked by cost: what is best here depends on which features you need, so the table is the answer rather than the order.

Compared side by side

3 compared on the 3 things that decide it. A blank cell means we could not confirm the answer, not that the answer is no.

ProviderCommissionAccount minimumOffers IRA
Fidelity Best overall
Wealthfront Best hands-off
Robinhood Simplest to start

Every offer, priced the same way

Ranked by what it costs you over a year. The arithmetic behind each figure is shown so you can check it. Offers we could not price are listed at the bottom with the reason.

  1. 1. Fidelity — Fidelity

    Best overall

    Zero-expense-ratio index funds, no minimum, and retirement accounts in the same place.

    Priced from national figures.

  2. 2. Wealthfront — Wealthfront

    Best hands-off

    Picks and rebalances a portfolio for you, for a small annual fee.

    Priced from national figures.

  3. 3. Robinhood — Robinhood

    Simplest to start

    The lowest-friction path to a first trade, with fewer account types on offer.

    Priced from national figures.

How we ranked these

We compare commissions, account minimums, the cost of the cheapest broad index fund, whether fractional shares are supported, and which retirement accounts are offered.