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Best Online Brokers of 2019

InvestorGreg upholds the most rigorous standards for testing of brokers. We may receive compensation for advertising or for links that feature inside our reviews. Learn more about our methodology and review process.

The online financial trading industry is absolutely massive. Traders and investors have hundreds if not thousands of online trading brokers to choose from. Therefore, selecting online broker to trade with can be a daunting task. Which is why we have compiled online brokers list so that you can analyze and compare them and their online trading platforms. We don’t want you to waste your time and resources scouring the internet in search of the online broker. We want to help you find the online broker that best suites your trading needs.

Broker name

Fidelity

Minimum Deposit
$0
Types of Trading
Stock
Country
United States
Regulation
SEC, FINRA, FCA (UK)
Broker name

Charles Schwab

Minimum Deposit
$0
Types of Trading
Robo-advisors, Stock
Country
United States
Regulation
SIPC
Broker name

IQ Option

Minimum Deposit
$10
Types of Trading
Forex, Options, Stock
Country
Seychelles
Regulation
Not Regulated
Broker name

E*TRADE

Minimum Deposit
$100
Types of Trading
Robo-advisors, Stock
Country
United States
Regulation
FINRA
Broker name

Vanguard

Minimum Deposit
$0
Types of Trading
Robo-advisors, Stock
Country
USA
Regulation
Various local Jurisdictions
Broker name

Ally Invest

Minimum Deposit
$0
Types of Trading
Robo-advisors, Stock
Country
United States
Regulation
CFTC, NFA
Broker name

Robinhood

Minimum Deposit
None
Types of Trading
Options, Stock
Country
United States
Regulation
SEC, FINRA
Broker name

Olymp Trade

Minimum Deposit
$10
Types of Trading
Forex, Options
Country
St. Vincent and the Grenadines
Regulation
Not Regulated
Broker name

TD Ameritrade

Minimum Deposit
None
Types of Trading
Stock
Country
United States
Regulation
SEC, FINRA
Broker name

eToro

Minimum Deposit
$200
Types of Trading
CFD, Forex, Options, Stock
Country
Cyprus
Regulation
CySEC, FCA, ASIC
Broker name

Binomo

Minimum Deposit
$5.00
Types of Trading
CFD, Forex, Stock
Country
Seychelles
Regulation
International Financial Commission
Broker name

CMC Markets

Minimum Deposit
$0
Types of Trading
CFD, Forex, Stock
Country
United Kingdom
Regulation
FCA, ASIC, CFTC
Broker name

XTB

Minimum Deposit
$250
Types of Trading
CFD, Forex, Stock
Country
United Kingdom
Regulation
FCA, IFSC, KNF, CNMV and CMB
Broker name

HighLow

Minimum Deposit
$10
Types of Trading
CFD, Forex, Options
Country
Australia
Regulation
ASIC
Broker name

24option

Minimum Deposit
$250
Types of Trading
CFD, Forex, Options
Country
Cyprus
Regulation
CySEC, IFSC
Broker name

Merrill Edge

Minimum Deposit
None
Types of Trading
Robo-advisors, Stock
Country
USA
Regulation
SEC, FINRA
Broker name

Pepperstone

Minimum Deposit
$0
Types of Trading
CFD, Forex, Stock
Country
Australia
Regulation
ASIC, FCA
Broker name

Interactive Brokers

Minimum Deposit
$0
Types of Trading
CFD, Forex, Options, Stock
Country
United States
Regulation
NYSE, FINRA, SIPC
Broker name

Webull

Minimum Deposit
Zero
Types of Trading
CFD, Stock
Country
USA
Regulation
SEC & FINRA
Broker name

AvaTrade

Minimum Deposit
$100
Types of Trading
CFD, Forex, Options, Stock
Country
Ireland
Regulation
Central Bank of Ireland
Broker name

Vantage FX

Minimum Deposit
$200
Types of Trading
Forex
Country
Australia
Regulation
ASIC
Broker name

EasyMarkets

Minimum Deposit
€100
Types of Trading
CFD, Forex, Options
Country
Cyprus
Regulation
CySEC, ASIC
Broker name

UFX

Minimum Deposit
$100
Types of Trading
CFD, Forex, Stock
Country
Republic of Vanuatu
Regulation
VFSC
Broker name

AroTrade

Minimum Deposit
$250
Types of Trading
CFD, Forex, Stock
Country
Belize
Regulation
IFSC
Broker name

IFC Markets

Minimum Deposit
$1.00
Types of Trading
CFD, Forex, Stock
Country
British Virgin Islands
Regulation
BVI FSC
Broker name

HYCM

Minimum Deposit
$100
Types of Trading
CFD, Forex
Country
United Kingdom
Regulation
FCA, CySEC, CIMA
Broker name

IronFX

Minimum Deposit
$100
Types of Trading
CFD, Forex
Country
Cyprus
Regulation
FCA, ASIC, CySEC, FSB
Broker name

PaxForex

Minimum Deposit
$10
Types of Trading
CFD, Forex
Country
St. Vincent and Grenadines
Regulation
Not Regulated

What is an Online Broker?

An online broker is a brokerage firm that interacts with their customer through the internet, rather than a physical brick and mortar location. An online broker often provides investment and trading services with lower fees and more control over your investments. They also feature an online trading platform and numerous other trading resources.

How do Online Brokers work?

An online broker works as a middleman between a trader and their investments. The trader places a buy or sell order for a tradeable asset with the online broker, and the online broker facilitates the order and collects a fee from the trader. All actions can be facilitated nearly instantly via the internet.

How to select the best Online Brokers?

Selecting the best online broker is no easy task. While there are many great online brokers to choose from, not everyone is right for you. Therefore, you must compare different brokers with one another and analyze their online trading platforms and other aspects to select the one that best meets your needs.