9 Best Stock Trading Apps of 2026
By the HearSmart research desk · Updated November 10, 2026 · Next review December 25, 2026 · 9 products compared
The short version
Charles Schwab is the best all-round pick: $0 online stock and ETF trades, no minimum, every major account type and thinkorswim at no charge. Fidelity is nearly as strong, with $0 trades and the Fidelity Trader+ platform. Robinhood is the cheapest for stock and ETF options, with no per-contract fees and a free Legend desktop app. Interactive Brokers has the deepest tools and 175+ markets but takes time to learn. E*TRADE cuts options fees to $0.50 for frequent traders, Webull has the most realistic paper trading, Public adds options rebates and $0 extended-hours trades, Firstrade charges $0 contract fees with overnight sessions, and Merrill Edge suits Bank of America customers.
Short answer
Charles Schwab is the best stock trading app for beginners and active investors in 2026, with $0 online stock and ETF trades, no minimum and the free thinkorswim platform; Fidelity suits long-term investors who trade on the side, and Robinhood suits options traders. Every app here charges $0 commissions on US stock and ETF trades, and Robinhood and Firstrade also charge $0 per contract on stock and ETF options.
This list is for people choosing a brokerage app to buy and sell stocks, ETFs and options, from first-time investors to traders who place many orders a week. We compared documented fees, trading platforms and account types for 9 US brokers open to new customers today. Scores weigh performance at 40%, ease of use at 25% and value at 35%. Performance covers the trading platform, charting, order types, paper trading, research and the range of account types such as IRAs and custodial accounts. Value covers commissions, options contract fees, margin and side fees such as transfer charges. Ease of use reflects how quickly a beginner can place a first trade. Facts come from each broker's own US pages as fetched on November 10, 2026. Trading involves risk, options can lose value quickly, and fees change, so read the current fee schedule before you fund an account.
Figures worth knowing
- 3.8%The U.S. personal saving rate was 3.8% of disposable personal income in September 2026, according to BEA.Source: U.S. Bureau of Economic Analysis
- 55%55% of U.S. adults had set aside three months of expenses in an emergency or rainy day fund in 2025, according to the Federal Reserve's SHED survey.Source: Federal Reserve Board
- 63%63% of U.S. adults said they would cover a $400 emergency expense entirely with cash, savings or a credit card paid off in full in 2025.Source: Federal Reserve Board
- 46%46% of U.S. adults had set aside enough to cover three months of living expenses in 2024, down from 53% in 2021, according to the FINRA Foundation.Source: FINRA Investor Education Foundation
- 75%75% of U.S. adults with family income of $100,000 or more had three months of emergency savings in 2025, compared with 21% of those earning under $25,000.Source: Federal Reserve Board
- 0.38%The national average rate on U.S. savings accounts was 0.38% in the FDIC's August 2026 update.Source: Federal Deposit Insurance Corporation
The ranking at a glance
- 1Charles SchwabBeginners who want to grow into active trading without switching brokers.9.2
- 2FidelityLong-term investors who also trade and want one account with no minimum.9.1
- 3RobinhoodBeginners and options traders who want the lowest trading costs in a simple app.8.9
- 4E*TRADE from Morgan StanleyActive options traders who place 30 or more trades a quarter.8.7
- 5Interactive BrokersExperienced and global traders who want professional order types and low margin rates.8.7
- 6WebullChart-focused traders who want to practice in a realistic paper account.8.7
- 7FirstradeCost-focused options traders who do not need advanced charting.8.4
- 8PublicInvestors who trade around the open and close and want options rebates.8.4
- 9Merrill Edge Self-DirectedBank of America customers who want investing and banking under one login.8.2
How we make the call
Every entry gets a 0 to 10 rating on the three criteria below, and the order follows the weighted total. The ratings rest on the documented features and published prices on each maker's own pages, never hands-on testing.
- 40%Performance
- 25%Ease of use
- 35%Value
No. 1, top ranked
Charles SchwabA full-service broker with $0 online stock and ETF trades and the free thinkorswim platform suite for active traders.
9.2of 10Best for Beginners who want to grow into active trading without switching brokers.
- Performance
- 9.6
- Ease of use
- 8.5
- Value
- 9.1
Price
$0 online listed stock and ETF commissions; options $0.65 per contract; no account or trade minimums
Quoted from the Charles Schwab pricing page on November 10, 2026:
Commission-free trading online. Same award-winning experience. $0 online trades
Schwab is the strongest pick for someone who starts with simple stock and ETF buys and later wants serious trading tools. Online listed stock and ETF trades cost $0, there are no account or trade minimums, and clients get the thinkorswim desktop, web and mobile platforms at no charge. If you are unsure, a 30-day Guest Pass lets you try thinkorswim before opening an account. The same login reaches options at $0.65 per contract, futures and futures options at $2.25 per contract, mutual funds from the OneSource lineup and new-issue bonds. Schwab lists individual, joint, Roth, traditional and rollover IRAs alongside custodial and trust accounts, so one firm can cover a household. Help is available 24/7 from trading specialists. The costs to watch are the options contract fee, a $25 service charge on broker-assisted trades and $6.95 for US over-the-counter stocks. Day traders also need a margin account with at least $2,000.
What it does well
- +No minimum to open an account or use thinkorswim
- +One account covers stocks, ETFs, options, mutual funds, bonds and futures
- +Brokerage, joint, Roth, traditional, rollover, custodial and trust accounts
Where it falls short
- −Options carry a $0.65 per contract fee
- −Broker-assisted trades add a $25 service charge
- −Day trading on thinkorswim needs a margin account with at least $2,000
- Stock and ETF commission
- $0 online
- Options
- $0.65 per contract
- Account minimum
- None
- Advanced platform
- thinkorswim, free
- Futures
- $2.25 per contract
No. 2
FidelityA large brokerage with $0 online US stock, ETF and option commissions and the Fidelity Trader+ platform for desktop, web and mobile.
9.1of 10Best for Long-term investors who also trade and want one account with no minimum.
- Performance
- 9.2
- Ease of use
- 8.6
- Value
- 9.4
Price
$0 online US stock, ETF and option commissions; options $0.65 per contract; no minimum to open
Quoted from the Fidelity pricing page on November 10, 2026:
$0 commissions for online US stock, ETF, and option trades.
Fidelity suits investors who want a single low-cost account for both steady investing and occasional active trades. It charges $0 commissions for online US stock, ETF and option trades and asks for no minimum to open. Its trading platform, Fidelity Trader+, runs on Windows, Mac, web and mobile and replaces the older Active Trader Pro. Fidelity documents 100+ technical indicators, drawing tools, real-time Level 2 quotes and a synced Time and Sales tool, plus Strategy Ideas that match a market view to an options strategy and a ticket that builds multi-leg trades. Up to 8 groups of linked tools help traders who run several monitors. Outside stocks, US Treasuries trade online at $0 and Fidelity funds are $0 to buy. Options cost $0.65 per contract and secondary bonds $1.00 per bond. Fidelity says it is still rolling out Trader+ features based on feedback, so heavy users of the old platform should check the migration notes first.
What it does well
- +No minimum to open an account
- +US Treasuries online at $0 and Fidelity funds at $0 to buy
- +Dedicated trading specialists by phone
Where it falls short
- −Options carry a $0.65 per contract fee
- −Secondary bonds cost $1.00 per bond
- −Fidelity Trader+ is still adding features after replacing Active Trader Pro
- Stock and ETF commission
- $0 online
- Options
- $0.65 per contract
- Account minimum
- None
- Advanced platform
- Fidelity Trader+
- Treasuries
- $0 online
No. 3
RobinhoodA mobile-first broker with commission-free stocks and ETFs, no contract fees on stock and ETF options and a free Legend desktop platform.
8.9of 10Best for Beginners and options traders who want the lowest trading costs in a simple app.
- Performance
- 8.6
- Ease of use
- 9.4
- Value
- 9.0
Price
Free standard account; Robinhood Gold $5 per month after the first 30 days free
Quoted from the Robinhood pricing page on November 10, 2026:
Unlock these premium financial tools for $5/month.
Robinhood is the cheapest place on this list to trade stock and ETF options, and it no longer leaves active traders on a phone screen. Stocks and ETFs trade commission-free, and Robinhood states there are no contract fees or commissions for stock and ETF options, including in its IRAs. Robinhood Legend is a free desktop platform with chart trading, custom intervals, linked widgets and data that updates at sub-second intervals. The app includes a Strategy Builder for verticals, calendars, straddles and strangles. Account types cover individual brokerage, Roth and traditional IRAs with a 1% contribution match, and UTMA custodial accounts. The optional Gold plan costs $5 a month after a free first 30 days and adds 3.6% APY on eligible brokerage cash, a 3% IRA match, bigger instant deposits and lower futures and index option fees. Index options still carry fees, and instant withdrawals to a bank cost 1.5%.
What it does well
- +$0 per contract on stock and ETF options, even in IRAs
- +Legend offers trading from the chart and sub-second data
- +Non-Gold customers still get a 1% IRA contribution match
Where it falls short
- −Index options and pro trader contract fees still apply
- −Instant withdrawals cost 1.5%
- −The best rates and boosts require the $5 Gold plan
- Stock and ETF commission
- $0
- Options
- $0 per contract on stock and ETF options
- Desktop platform
- Robinhood Legend, free
- Gold plan
- $5 per month, first 30 days free
- IRA match
- 1%, or 3% with Gold
No. 4
E*TRADE from Morgan StanleyA long-running online broker with $0 stock, ETF, mutual fund and options commissions and the Power E*TRADE platform.
8.7of 10Best for Active options traders who place 30 or more trades a quarter.
- Performance
- 9.0
- Ease of use
- 8.4
- Value
- 8.5
Price
$0 online stock, ETF, mutual fund and options commissions; options $0.65 per contract, or $0.50 with 30+ trades per quarter
Quoted from the E*TRADE from Morgan Stanley pricing page on November 10, 2026:
charges $0 commissions for online US-listed stock, ETF, mutual fund, and options trades.
E*TRADE rewards frequent traders more directly than most rivals. Online US-listed stock, ETF, mutual fund and options trades are commission-free, and the options contract fee falls from $0.65 to $0.50 for clients who make at least 30 stock, ETF and options trades a quarter. Power E*TRADE, on desktop and mobile, offers 145+ chart studies with trading from the chart, automatic support and resistance lines, an Earnings Move Analyzer, risk and reward probabilities for option trades, custom scans and exit plans that set profit targets and stops. Paper trading lets you test strategies without real money. Futures cost $1.50 per contract per side, with E-nano equity index futures at $0.75. New clients who open and fund a brokerage account with a qualifying deposit by February 28, 2027 can earn a cash credit of up to $1,500. Crypto trades cost 0.50% and secondary bonds $1.00 per bond, so check those costs if you plan to use them.
What it does well
- +Options fee drops to $0.50 per contract with 30+ trades per quarter
- +$0 online mutual fund trades
- +New account cash bonus of up to $1,500 with a qualifying deposit by February 28, 2027
Where it falls short
- −Standard options fee is $0.65 per contract
- −Crypto trades cost 0.50% of the dollar value
- −Secondary bond trades cost $1.00 per bond with a $10 minimum
- Stock and ETF commission
- $0 online
- Options
- $0.65 per contract, $0.50 with 30+ trades per quarter
- Advanced platform
- Power E*TRADE
- Futures
- $1.50 per contract per side
- Paper trading
- Yes, on Power E*TRADE
Visit etrade.com|Read the full E*TRADE from Morgan Stanley profile
No. 5
Interactive BrokersA global broker with a $0 commission IBKR Lite plan and the Trader Workstation platform for 175+ markets.
8.7of 10Best for Experienced and global traders who want professional order types and low margin rates.
- Performance
- 9.5
- Ease of use
- 6.9
- Value
- 9.1
Price
IBKR Lite: $0 commissions on US exchange-listed stocks and ETFs; IBKR Pro from $0.0035 per share
Quoted from the Interactive Brokers pricing page on November 10, 2026:
IBKR Lite provides commission-free trades in US exchange-listed stocks and ETFs.
Interactive Brokers is the deepest platform here, built for traders who want institutional tools rather than a simple app. IBKR Lite gives commission-free trades in US exchange-listed stocks and ETFs, while IBKR Pro charges per share, from $0.0035 on the tiered plan or $0.005 with a $1.00 minimum on the fixed plan. Trader Workstation reaches 175+ markets across equities, options, futures, forex, bonds and funds, with conditional and algorithmic orders such as VWAP, TWAP, POV and adaptive. A paper trading account lets you practice with simulated funds. Interactive Brokers lists margin loans from 4.38% and up to 3.38% on uninvested cash, and it charges no custody fees of its own. Lighter platforms such as IBKR Desktop and GlobalTrader exist for simpler use. The trade-off is complexity: TWS takes time to learn, and some products and overnight trades fall outside Lite's $0 pricing.
What it does well
- +Margin loans start at 4.38%
- +Up to 3.38% on uninvested cash
- +No custody fees charged by IBKR
Where it falls short
- −Trader Workstation has a steep learning curve
- −IBKR Lite excludes overnight trading and some products from $0 pricing
- −Pro pricing per share takes effort to estimate
- Stock and ETF commission
- $0 on IBKR Lite
- IBKR Pro Fixed
- $0.005 per share, $1.00 minimum
- Options
- $0.65 per contract on IBKR Pro
- Markets
- 175+ via Trader Workstation
- Margin rate
- From 4.38%
Visit interactivebrokers.com|Read the full Interactive Brokers profile
No. 6
WebullA trading app with $0 commissions on US-listed stocks, ETFs and options, desktop apps for Mac, Windows and Linux and a full paperTrade mode.
8.7of 10Best for Chart-focused traders who want to practice in a realistic paper account.
- Performance
- 8.8
- Ease of use
- 8.2
- Value
- 8.8
Price
$0 commissions on US-listed stocks, ETFs and options; optional Webull Premium $40 per year
Quoted from the Webull pricing page on November 10, 2026:
Subscribe Today for Only $40.00 Annually
Webull is built around charts and practice. It charges no commissions for stocks, ETFs and options listed on US exchanges and has no deposit minimums, though certain index options cost $0.50 per contract. The desktop app runs on Mac, Windows and Linux and adds a depth-based Price Ladder, a customizable TurboTrader panel, hotkeys and chart trading, plus order flow tools and a performance widget that tracks win rate and profit factor. Its paperTrade mode is unusually complete: live Level 2 data, real-time fills, 60+ indicators, multi-leg options, simulated margin calls and unlimited virtual funds you can reset any time. Retirement savers can open traditional, Roth or rollover IRAs. Webull Premium, shown at $40.00 a year, adds Level 2 Nasdaq TotalView and OPRA data along with better cash and margin terms. Watch the $75 fee for each outgoing stock transfer if you might move brokers later.
What it does well
- +No commissions on US-listed stocks, ETFs and options
- +Paper trading covers multi-leg options, margin calls and overnight sessions
- +No deposit minimums
Where it falls short
- −$75 for each outgoing stock transfer
- −Certain index options cost $0.50 per contract
- −Equity algo orders cost $0.0050 per share
- Stock and ETF commission
- $0
- Options
- $0 commission on US-listed options
- Desktop platform
- Mac, Windows and Linux
- Paper trading
- Yes, paperTrade
- Outgoing transfer
- $75 per stock transfer
No. 7
FirstradeA discount broker since 1985 with $0 commissions, $0 options contract fees and overnight trading.
8.4of 10Best for Cost-focused options traders who do not need advanced charting.
- Performance
- 7.8
- Ease of use
- 8.0
- Value
- 9.3
Price
$0 commissions on stocks, ETFs, options and mutual funds; $0 options contract and exercise fees
Quoted from the Firstrade pricing page on November 10, 2026:
Options Commission $0 Contract Fee $0 Exercise and Assignment Fees $0
Firstrade is the low-cost specialist on this list. It charges $0 commissions on stocks, ETFs and options, and unlike most brokers it also charges $0 options contract fees and $0 exercise and assignment fees, so an options-heavy account pays only regulatory pass-through fees. Mutual funds, including load and no-load funds, trade free across a list of more than 11,000 funds. Trading hours are long: extended sessions run from 7am to 8pm ET on weekdays, and overnight sessions run from 8pm to 4am ET, Sunday to Friday, at $0 commission. OptionsWizard adds options analytics, and research comes from Morningstar, OptionsPlay, Briefing.com and Zacks. Account types are individual and joint brokerage plus traditional, Roth and rollover IRAs, with no minimums or inactivity fees. The trade-offs are a simpler platform than thinkorswim or TWS, $19.95 broker-assisted trades and support limited to phone and email on weekday hours.
What it does well
- +No minimums and no inactivity fees
- +Over 11,000 mutual funds, including load funds free
- +Individual, joint, traditional, Roth and rollover IRA accounts
Where it falls short
- −Broker-assisted trades cost $19.95
- −Mutual fund redemptions under $500 can incur a $19.95 fee
- −Support is by phone and email on weekday hours
- Stock and ETF commission
- $0
- Options
- $0 commission, $0 contract fee
- Exercise and assignment
- $0
- Overnight trading
- 8pm to 4am ET, Sunday to Friday
- Broker-assisted trade
- $19.95
No. 8
PublicAn investing app with $0 commissions on US-listed stocks and ETFs in regular and extended hours, plus options order flow rebates.
8.4of 10Best for Investors who trade around the open and close and want options rebates.
- Performance
- 8.0
- Ease of use
- 8.8
- Value
- 8.6
Price
$0 commissions on US-listed stocks and ETFs; optional Public Reserve membership $20 per month or $200 per year
Quoted from the Public pricing page on November 10, 2026:
Monthly membership $20 per month Annual membership $200 per year
Public is a clean app with a few details that suit active investors. Its fee schedule lists $0 commissions on US-listed stocks and ETFs both during regular hours and in extended sessions from 4:00 AM to 9:30 AM and 4:00 PM to 8:00 PM ET, and OTC stocks also trade at $0. Stock and ETF options cost nothing, and customers in the Options Rebate Program receive $0.06 to $0.18 per contract depending on the underlying and their volume. Unusually, you can choose how equity orders are routed: wholesale routing is free, while smart and lit exchange routing cost $0.003 per share. Index options cost $0.35 per contract plus exchange fees. Margin starts at 5.15% on balances up to $50,000 and falls on larger loans. Bonds and Treasuries sit in the same app. The optional Public Reserve membership costs $20 a month or $200 a year, which most traders can skip.
What it does well
- +Extended-hours stock and ETF trades cost $0
- +Options rebates pay you per contract when enrolled
- +OTC stocks also trade at $0
Where it falls short
- −Index options cost $0.35 per contract plus exchange fees
- −Smart and lit exchange routing cost $0.003 per share
- −Reserve membership is pricey at $20 per month
- Stock and ETF commission
- $0, including extended hours
- Options
- $0, rebate $0.06 to $0.18 per contract
- Index options
- $0.35 per contract
- Margin rate
- 5.15% up to $50,000
- Paid plan
- Public Reserve, $20 per month
No. 9
Merrill Edge Self-DirectedBank of America's self-directed brokerage with $0 online stock, ETF and option trades and the MarketPro platform.
8.2of 10Best for Bank of America customers who want investing and banking under one login.
- Performance
- 8.0
- Ease of use
- 8.2
- Value
- 8.4
Price
$0 online stock, ETF and option trades with no minimum; options $0.65 per contract
Quoted from the Merrill Edge Self-Directed pricing page on November 10, 2026:
$0 online stock, ETF and option trades with no minimum
Merrill Edge Self-Directed makes the most sense for people who already bank with Bank of America. Online stock, ETF and option trades cost $0 with no minimum, and options carry a $0.65 per contract fee. The account sits next to Bank of America checking and savings, and Merrill points customers to its BofA Preferred Rewards program. Active traders can use the Merrill Edge MarketPro platform, and an Idea Builder tool sits in the same menu. Merrill offers a wide set of account types, from individual brokerage and custodial UGMA/UTMA accounts to traditional, Roth and rollover IRAs and small business SEP and SIMPLE IRAs. Partial account transfers cost $0, while a full account transfer costs $49.95 and broker-assisted trades $29.95, which are higher than most rivals here. For a trader with no Bank of America relationship, Schwab or Fidelity give more for the same price.
What it does well
- +Links with Bank of America accounts and Preferred Rewards
- +$0 partial account transfer fee
- +Wide range of retirement and small business plan types
Where it falls short
- −Options cost $0.65 per contract
- −Broker-assisted trades cost $29.95
- −Full account transfers out cost $49.95
- Stock and ETF commission
- $0 online
- Options
- $0.65 per contract
- Account minimum
- None
- Broker-assisted trade
- $29.95
- Full account transfer
- $49.95
Visit merrilledge.com|Read the full Merrill Edge Self-Directed profile
Before you pick a product or a plan
Compare options costs, not stock commissions
All 9 brokers charge $0 to trade US stocks and ETFs online. Options are where costs split: $0.65 per contract at Schwab, Fidelity and Merrill, $0.50 at E*TRADE after 30 trades a quarter, $0 per contract on stock and ETF options at Robinhood and Firstrade, and $0 commission on stock and ETF options at Webull and Public.
Match the platform to how you trade
Buy-and-hold investors only need a clean app. Active traders should look at desktop tools: thinkorswim at Schwab, Fidelity Trader+, Power E*TRADE, Trader Workstation at Interactive Brokers, Robinhood Legend and the Webull desktop app all add advanced charts and faster order entry.
Practice before you risk money
Paper trading lets you test a strategy with virtual funds. Interactive Brokers, Power E*TRADE and Webull's paperTrade offer it, and Schwab gives a 30-day thinkorswim Guest Pass. Webull's version adds live Level 2 data and simulated margin calls.
Check the account types you will need
Most brokers here offer individual brokerage plus Roth and traditional IRAs. If you also want custodial accounts for children, trusts or small business plans such as SEP and SIMPLE IRAs, Schwab and Merrill Edge cover the widest range.
Read the exit and side fees
Leaving a broker can cost money: Webull charges $75 per outgoing stock transfer and Merrill $49.95 for a full account transfer. Broker-assisted trades cost $19.95 at Firstrade, $25 extra at Schwab and $29.95 at Merrill. Margin rates also vary widely, from 4.38% at Interactive Brokers.
Questions readers ask
- What is the best stock trading app in 2026?
- Charles Schwab ranks first on our list for $0 online stock and ETF trades, no minimum, a full range of account types and the free thinkorswim platform. Fidelity is second and Robinhood is third.
- Which stock trading apps have no options contract fees?
- Robinhood, Firstrade, Webull and Public charge no commission on stock and ETF options, and Robinhood and Firstrade state there are no per-contract fees. Firstrade also charges $0 for exercise and assignment. Index options can still carry fees at several of these apps.
- Which trading app is best for beginners?
- Schwab and Fidelity suit beginners who want support and an account they will not outgrow, with no minimums. Robinhood has the simplest app. Webull and Interactive Brokers let you practice first with paper trading.
- Which broker is best for active day traders?
- Interactive Brokers offers the deepest tools and margin from 4.38%, Schwab's thinkorswim is strong for charting and options, and Webull's desktop app adds a price ladder and hotkeys. Day trading in a margin account usually requires extra approval and balances, such as $2,000 at Schwab for thinkorswim day trading.
- Can I trade stocks in an IRA on these apps?
- Yes. All 9 brokers on this list offer IRAs. Robinhood adds a 1% contribution match for all customers and 3% with Gold, and it allows stock and ETF options in IRAs with no per-contract fee for qualified traders.
- How did you rank these stock trading apps?
- We compared documented features, published fees and account types from each broker's own pages. Scores weigh performance at 40%, ease of use at 25% and value at 35%, and the overall score is the weighted average.
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