Zero commissions might be the hottest trend in online investing, and 3 commission-free brokers are leading the way. Since stock exchanges charge small trading fees, online trades through these commission-free brokers aren’t completely free, but traditional commissions were significant barriers for small and beginning investors.
Robinhood led the way by starting with no commissions, followed by China-backed Webull. Both Robinhood and Webull offer a free stock when referred by a friend. Firstrade is a full-service broker that started with commissions, then switched to zero commissions.
This comparison shows various factors important to these small and beginning investors: types of investments, trading window (all have after-hours trading), types of orders, and of course supporting mobile apps. However, it ignores factors like margin important for those who want to gamble, rather than to grow, their investments.
With zero commissions and, with Robinhood and Webull, free stocks, these 3 commission-free brokers are perfect for small and beginning investors to grow their net worth.