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6 best ETF brokers for low-cost fund investing [July 2024]

Our picks of the best ETF brokers for beginners, options trading, micro-investing and more.

Exchange-traded funds (ETFs) are a straightforward, low-cost investment option that can diversify a portfolio without requiring much market knowledge, and they’re a standard tradable asset for most brokers.

But where’s the best place to buy these assets?

We put together a list of the best ETF brokers using an unbiased rating system that considers everything from trading costs and fees to trading platforms, features, customer support availability and more.

With that, it’s time to reveal our picks of the best ETF brokers of July 2024.

Our top picks for ETF brokers

Top pick for advanced traders

Go to site
Get up to $5,000 cash
  • Trade options, futures, options on futures, stocks, ETFs
  • $0 commission to close options
  • Pro-grade platform and risk analysis tools

Best for beginners

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Get up to $10,000 cash
  • Trade stocks, options, ETFs, mutual funds, alternative asset funds
  • $0 commission on stocks, ETFs and options, with no options contract fees
  • No-cost financial planning and automated investing

Best for mobile experience

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3% IRA match with Robinhood Gold
  • Earn 5% interest on uninvested cash with Gold
  • Get up to $50,000 in instant deposits with Gold
  • Easy, user-friendly trading

6 best online ETF brokers of July 2024

Best overall

Fidelity Investments

4.6
★★★★★

Finder score

Read review

Why it's the best overall ETF broker: For its access to over 3,400 ETFs, and its top-tier research tools, low fees and competitive cash sweep yield.

Fidelity Investments is a broker driven by value and designed with low costs in mind, which is evident through its commission-free ETFs, stocks and options trades, as well as its industry-low account and miscellaneous fees. Built for investors of varying experience levels and infused with beginner-friendly and advanced trading tools and features — things like fractional share trading, an active trader platform and top-tier research tools — Fidelity Investments offers a refreshingly modern trading platform, and we think it's the best broker overall for ETF investing.

Other winning categories: Best for low costs

Best for beginners

SoFi Invest®

4.2
★★★★★

Finder score

Go to site Read review

Why it's the best for beginners: For its user-friendly interface, no minimums, commission-free trading, educational resources and no-cost advisory services.

In addition to trading stocks, options, ETFs, mutual funds and alternative asset interval funds on a beginner-friendly interface, SoFi® members get access to no-cost financial advice and a range of other financial services that let you invest, bank and borrow from a single, integrated platform.

SoFi Invest offers one of the simplest trading experiences among the brokers we review, providing uncomplicated market access with a no-cost robo-advisor available if you want to automate your investing. It's also one of the only brokers in the industry that offers unlimited, complimentary access to certified financial planners, a service that can cost you several hundred dollars a session elsewhere. SoFi members can consult a CFP professional ahead of any of life's important financial decisions, and we think this is a standout feature worth recognizing.

Other winning categories: Best all-in-one financial app

Best for mobile trading

Interactive Brokers

4.7
★★★★★

Finder score

Go to site Read review

Why it's the best for mobile trading: For its advanced and beginner-friendly mobile trading apps.

In addition to receiving high marks from both Apple and Android users, Interactive Brokers' (IBKR) main mobile trading platform, IBKR Mobile, offers the powerful trading tools that many brokers reserve for their web and desktop trading platforms. These include advanced, interactive charts with over 90 indicators, analyst ratings and price targets, earnings estimates, company financials and more. In other words, there's little you can't do with IBKR Mobile. What's more, Interactive Brokers offers the more beginner-friendly IBKR GlobalTrader and IMPACT mobile trading platforms for those looking for a more simplified investing experience.

IBKR Mobile is the most feature-rich mobile platform according to Finder's analysis, while IBKR GlobalTrader is a solid option for beginners. Tack on its wide range of investment options, low trading costs and access to global markets and you can see why IBKR is not only the best broker for mobile trading but also one of the best brokerage accounts on the market.

Other winning categories: Best brokerage account for day trading, Best for international trading

Best for options trading

Tastytrade

4.4
★★★★★

Finder score

Go to site Read review

Why it's the best for options trading: For its access to and competitive trading fees on options, futures, options on futures, options on micro futures and smalls futures options.

Designed primarily for derivatives trading, tastytrade boasts an impressive collection of trading products and some of the best pricing on options and futures contracts in the industry. Stocks and ETFs are commission-free, options have no closing commissions and its trading platforms are powerful, with advanced trading, research and analysis tools, including profit and loss visualizations and a quick roll feature to roll your option position into the future.

Meanwhile, tastytrade offers a comprehensive learning center with video and live demos to help you level up your trading.

Best for social investing

eToro

4
★★★★★

Finder score

Copy crypto picks from top traders
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Why it's the best for social investing: For its CopyTrader program and social community.

eToro's accessible trading platform doesn't skimp on features. TipRanks-powered analyst ratings and price targets, hedge fund activity, insider transactions and advanced charts, all on an easy-to-use interface. Stocks and ETFs trade commission-free and options are free of both commissions and contract fees — something we don't see often.

But its eToro's unique blend of cutting-edge technology and social networking that helped it popularize social investing and foster a dynamic community of traders and investors. Specifically, CopyTrader. CopyTrader lets you leverage the expertise of other eToro users by automatically replicating their crypto trades in your portfolio, and get paid when others copy you. While CopyTrader is currently only available for crypto, it's a defining feature of the platform and one that helps it stand out. eToro is also working to make the feature available for stocks and ETFs.

Best for micro-investing

Acorns

4
★★★★★

Finder score

Go to site Read review

Why it's the best for fund investing: For its spare-change investing feature.

Automated portfolio management with a level of customization unlike many other robo-advisors, Acorns has redefined how people save and invest their spare change. With its innovative 'round-up' feature, Acorns automatically invests spare change from your everyday purchases, effortlessly growing your portfolio. Its user-friendly app simplifies investing for beginners, while also offering a degree of freedom to investors who want to retain control over their portfolio — Acorns Premium members can customize their portfolios with the ability to add individual stocks. And Acorns' flat-fee subscription structure means the cost for portfolio management never changes, with minimal back-end fees and no account minimums.

Whether you're new to investing or simply want to automate portfolio management, Acorns is the go-to platform for turning small change into substantial savings.

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Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

Methodology: How we choose the best brokerage accounts

Finder’s investments experts review 18 brokers available on the market to narrow down the best online brokers for ETF trading and investing.

We analyze each platform based on 147 key metrics we collect directly from brokers and assess each provider’s performance based on eight different categories, weighing each metric based on the expertise and insights of Finder’s investment experts. We then score and rank each provider depending on how it performs in each category.

How we weigh the overall rating

CategoryWeighting
Investment options25%
Trading platforms and technology25%
Trading costs7%
Account fees8%
Account types and minimums5%
Customer support5%
Mobile app ratings and security5%
Features and amenities20%

We update our best picks as products change, disappear or emerge in the market. We also regularly review and revise our selections to ensure our best provider lists reflect the most competitive available.

Compare and find the broker that's right for you

Match your experience level with your trading and investing goals to find the right broker for you.
If you're a And want to Consider this
Beginner investor Do most or all of your trading on your mobile device Best stock trading apps
Beginner investor Trade and invest with as few fees as possible Best discount stock brokers
Beginner investor Outsource portfolio management automatically and at a low cost Best robo-advisors
Beginner investor Gain exposure to multiple assets like stocks, bonds or gold through a single fund Best ETF brokers
Experienced investor Get an overall idea of providers on the market and what they're best for Best brokerage accounts
Experienced investor Invest internationally in stocks, ETFs and other assets Best international stock brokers
Retirement saver of any experience level Save for retirement with upfront tax benefits Best (traditional) IRA
Retirement saver of any experience level Save for retirement and enjoy tax-free withdrawals Best Roth IRA

Frequently asked questions about the best ETF brokers

Which ETF provider is best?

The best ETF broker is Fidelity Investment, according to Finder’s analysis. It offers the best combination of low trading costs, account fees, investment options and research tools.

Do you need a broker to buy ETFs?

Yes, you typically need to open an account with a broker to buy ETFs.

Which ETF is best for beginners?

The best ETF for beginners may be either the SPDR S&P 500 ETF Trust (SPY) or the Vanguard 500 Index Fund ETF (VOO) if you’re looking for broad market exposure. Both are S&P 500 index funds and give you exposure to 500 of the largest US publicly traded companies.

Who are the big 5 ETF issuers?

The biggest ETF companies are BlackRock Financial Management, Vanguard, State Street, Invesco and First Trust, according to VettaFi.

Holly Jennings's headshot
To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.
Matt Miczulski's headshot
Written by

Editor, Investments

Matt Miczulski is an investments editor at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions. Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University. See full bio

Matt's expertise
Matt has written 188 Finder guides across topics including:
  • Trading and investing
  • Broker and trading platform reviews
  • Money management

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