// broker reviews
Best Brokers for Every Trader
From scalping and small accounts to zero-commission investing — we rank the top brokers on what actually matters: fees, minimums, Level 2 data, short locates, and routing speed. Pick your style below.
TOP PICK
TradeZero
Offshore DMA · No PDT
↳No PDT rule for international traders
↳Up to 6x day-trade leverage
↳Free on non-marketable limit orders
↳Advanced hotkeys + custom Level 2
↳Short locates for small caps
Open Account →
Free on limit orders · $1k min
Best Free
Webull
Commission-Free · USA
↳$0 commissions on all trades
↳Hotkeys with offsets + sell by %
↳Level 2 (NBBO add-on $9.99/mo)
↳Short locate tool included
↳Sub-1-minute charts
Open Account →
$0 commissions · $0 min
Best No-PDT
CMEG
Offshore · No PDT · Small Accounts
↳No PDT rule (accepts US residents)
↳6x leverage from $1,000
↳DAS Trader front-end platform
↳Fast direct-market execution
↳Good share availability to short
Open Account →
Per-share + platform fee · $1k min
TradeStation
Direct-Access & Technical · USA
↳Direct order routing to ECNs
↳OTC / pink sheet access
↳EasyLanguage automation & backtesting
↳Real-time scanner + fast fills
↳$0 first 10,000 shares/day
Open Account →
$0 first 10k shares, then $0.005
Interactive Brokers
Global · Weak on small caps
↳Blocks small caps spiking on volume (1% rule)
↳Best for large caps & forex
↳Largest short borrow inventory
↳135+ global markets
↳Lowest margin rates in industry
Open Account →
From $0 / $0.005 per share
Fastest
Lightspeed
Pro Day Trading & Scalping · USA
↳Ultra-low latency direct-market execution
↳Advanced customizable hotkeys
↳Route selection (NASDAQ, ARCA, EDGX)
↳Dedicated short locate desk
↳No payment for order flow
Open Account →
From $0.0045/share · $10k min
Best Short Locates
Centerpoint Securities
Short-Selling Specialist · USA
↳Largest HTB short inventory in retail
↳Can short almost any small cap
↳Direct market access + routing
↳Pairs with DAS Trader Pro
↳Built for pro short sellers
Open Account →
From $0.003/share · $30k min
Best for Shorts
Cobra Trading
Direct-Access Short Trading · USA
↳DAS Trader + Sterling platforms
↳Multiple short-locate sources
↳Direct routing, no PFOF
↳Dedicated broker support line
↳Great hard-to-borrow access
Open Account →
From $0.003/share · ~$27k (PDT)
Best Tools
moomoo
Commission-Free · USA
↳$0 commissions on all trades
↳Free Level 2 NASDAQ data
↳Momentum scanner built-in
↳Options flow heat map
↳Excellent mobile app
Open Account →
$0 commissions · $0 min
Robinhood
Beginner · Investing · USA
↳$0 commissions on all trades
↳Fractional shares from $1
↳Simple clean interface
↳No Level 2 / not for scalping
↳Crypto trading included
Open Account →
$0 commissions · $0 min
Public.com
Social Investing · USA
↳No payment for order flow
↳Fractional shares from $1
↳Treasury accounts (earn yield)
↳Social community feed
↳Long-term investing focus
Open Account →
$0 (no PFOF) · $0 min
Best for Investing
Fidelity
Full-Service Investing · USA
↳Best execution quality (no PFOF)
↳Zero expense ratio index funds
↳Excellent retirement accounts
↳24/7 customer support
↳Strong research tools
Open Account →
$0 stocks & ETFs · $0 min
Charles Schwab
Full-Service (pair w/ DAS) · USA
↳thinkorswim + direct-access routing
↳Best paired with DAS Trader
↳In-depth research & analysis
↳Retirement accounts (IRA, 401k)
↳24/7 phone support
Open Account →
$0 stocks & ETFs · $0 min
Best Auto-Invest
M1 Finance
Automated Investing · USA
↳Pie investing — custom allocations
↳Automatic rebalancing
↳Fractional shares
↳M1 Borrow (portfolio loans)
↳IRA accounts available
Open Account →
$0 commissions · $100 min
Best in Canada
Questrade
Discount Broker · Canada
↳Canada’s top discount broker
↳Low 1¢/share stock commissions
↳Free ETF purchases
↳Level 2 data available (IQ Edge)
↳TFSA / RRSP registered accounts
Open Account →
1¢/share ($4.95–$9.95) · $1k min
Wealthsimple Trade
Commission-Free · Canada
↳$0 commission Canadian stock trades
↳Simple beginner-friendly app
↳TFSA / RRSP accounts
↳Fractional shares
↳No Level 2 / not for scalping
Open Account →
$0 commissions (CAD) · $0 min
Interactive Brokers Canada
Pro · Canada & Global
↳Direct market access for Canadians
↳Access to 135+ global markets
↳Level 2 + advanced routing
↳Low margin rates
↳Better for large caps than small caps
Open Account →
From $0.005/share · $0 min
Best Global Pro
Saxo Bank
Professional · International
↳60,000+ instruments globally
↳Direct market access available
↳Professional SaxoTraderGO platform
↳Options, futures, bonds, forex
↳Available in 170+ countries
Open Account →
From $1 / 0.08% per trade
Best Europe
DEGIRO
Low-Cost · Europe
↳Lowest fees in Europe
↳Access to 50+ global exchanges
↳Stocks, ETFs, bonds, options
↳Simple clean interface
↳Regulated across Europe
Open Account →
€1–2 per trade · €0 min
* Some links on this page are affiliate links. GreenWick may earn a commission if you open an account — at no additional cost to you. This does not affect our ratings or editorial independence. Content is for educational purposes only, not financial advice.
