More and more young investors are setting their eyes on the US stock market. However, when choosing a broker for opening a US stock account, how should you weigh the features and commission charges among them? To answer this question, we have selected the 10 most popular overseas U.S. stock brokerage firms and made a detailed comparison of their features, commission charges as well as advantages and disadvantages, in order to provide you with suggestions for a more informed choice.

In the past year, the three major U.S. stock indices have hit record highs under the influence of multiple factors such as inflation, stress and epidemics. The S&P 500, Dow Jones and Nasdaq have risen by 26.89%, 18.73% and 21.39% respectively, demonstrating the market's high level of enthusiasm for U.S. stocks. This has also triggered the interest of a large number of investors in investing in U.S. stocks, making participation in the U.S. stock market a highly sought-after form of investment.

With the rapid development of the Internet, the way of investing in U.S. stocks has also undergone tremendous changes. Traditional brokerage firms have been transformed towards the direction of the Internet, and many technology-based online brokerage firms have emerged, which have significantly lowered the threshold for investing in U.S. stocks through their all-network service model. From opening an account, depositing funds, withdrawing funds to trading, investors only need a cell phone or computer to operate anytime, anywhere, which greatly facilitates the investment process.

Below is our selection of the 10 most popular and well-reputed U.S. stock brokerage firms, most of them provide free online account opening, commission charges are relatively low, the trading system is stable and easy to operate, while also providing Chinese and English profiles to meet the needs of different investors. Next, we will introduce the features, advantages and disadvantages of these brokers in detail to help you better choose the right broker for you.

Top Recommended Brokerage Firms for U.S. Stocks

The top 10 brokerage firms recommended for US stock brokerage account opening:

① TD Ameritrade

② Interactive Brokers

③ Futu moomoo

④ Longbridge

⑤ Tiger Brokers

⑥ Webull

⑦ Firstrade

⑧ eToro

⑨ POEMS

⑩ Saxo Markets

When screening brokerage firms, the author pays more attention to 3 key points:

◇ Brokerage firms have legitimate and credible regulation, low risk of use, and maximize the protection of capital security

◇ Transaction commission fees are zero, or hidden as low as possible, avoiding all kinds of fees as much as possible to save investment costs.

◇ Support for full network services, online account opening, trading, and gold withdrawal, and the trading system is stable and easy to use, so that there is no entrance for investment.

📍 A generous bonus for account opening and deposit is an additional advantage.

Quick Comparison of Top Ten U.S. Stock Brokers

Brokerage	Commission	Platform Fee	Minimum Deposit	Featured
TD Ameritrade	0	0	0	One of the largest brokerage firms in the U.S., offering the lowest transaction fees in the market
Interactive Brokers	$0.005/share Minimum $1	0	0	The largest number of investment products, support zero share trading, suitable for professional investors
Futu moomoo	0	$0.99/order	0	The moomoo trading platform is simple and easy to use, with a wealth of financial data and information.
Longbridge	0.0088 USD/share Minimum $1.88	0	0	Mainly social features, visualization and simplification of stock information, easier to see and understand
Tiger Brokers	$0.005/share Minimum $0.99	$0.005/share Minimum $1	0	Support US, Hong Kong, Singapore IPOs
Webull	0	0	0	Fast online account opening, U.S. and Hong Kong stocks double 0 commission
Firstrade	0	0	0	First to provide Chinese interface service, very popular among Taiwanese
eToro	0	0	$50	CopyTrader follows orders and mostly trades CFDs.
POEMS	$3.88  per order	0	0	Initial online securities in Singapore, supporting 26 exchanges and over 40,000 investment products
Saxo Markets	0.06%/share Minimum $4	0	0	Forex trader, comprehensive and suitable for professional data analysis

Brokerage Firm Features Introduction, Advantages Analysis

Below is an introduction comparing each of these 10 U.S. stock brokerage firms with their features and advantages analyzed.

1.TD Ameritrade

TD Ameritrade is one of the largest securities service providers in the U.S. Founded in 1975, TD Ameritrade was listed on the NASDAQ exchange in 1997 (NASDAQ: AMTD), and has more than 2,800 users worldwide.

TD Ameritrade is regulated by the U.S. Securities and Exchange Commission (SEC) and the U.S. Financial Industry Regulatory Authority (FINRA), providing a rich variety of financial investment products, such as stocks, ETFs, bonds, funds, U.S. stock options, futures, foreign exchange, American Depository Receipts (Thinkorswim (TOS) trading platform after a long period of perfect testing, stability and smoothness to give the best trading experience. users the best trading experience.

One of its features is commission-free trading of U.S. stocks and ETFs, with no additional fees such as platform fees, minimum commissions, etc.; the rate for options is $0.70 per contract, and the trading interface for options is very convenient.

TD Ameritrade was officially acquired by Charles Schwab in 2020, which does not affect TD Ameritrade's day-to-day operations and services to investors.

(1) Characteristics

◇ Zero commission on U.S. stocks and option fees as low as $0.70 per contract.

◇ Account opening and trading are conducted online.

◇ Trading stocks, ETFs, bonds, funds, U.S. stock options, futures, foreign exchange, ADRs, etc.

◇ Supports IPO of U.S. stocks.

◇ Options and futures trading interface is perfect and easy to use.

◇Complete configuration of investment functions

(2) Advantages

◇ Zero commission for U.S. stocks

◇ No minimum deposit limit for the first time of opening an account

◇ Quick deposit by telegraphic transfer

◇ Stable interface of the trading platform with traditional, simplified Chinese and English interfaces.

◇ Comprehensive data analysis and educational resources

◇ Support for pre-trading and post-trading

◇ Support for over-the-counter trading OTC

◇ Support for the Abdominal Reinvestment Program

◇ Free $100,000 virtual account

(3) Disadvantages

◇ Account opening time

◇ Doesn't support fractional share trading (fractional shares) in U.S. stocks

◇ Online customer service is slow to respond

◇ The TOS mobile application interface can be further enhanced.

2. Interactive Brokers

Interactive Brokers is the world's largest securities service provider, founded in 1977, in 2007 in the United States NASDAQ exchange listed (NASDAQ: IBKR), by the United States Securities and Exchange Commission (SEC) and the United States Financial Industry Regulatory Authority (FINRA) regulation.

One of the features of Interactive Brokers is that an account can invest in global stocks, options, futures, foreign exchange, bonds and fund products, can be traded in up to 135 markets, covering 33 countries and regions, 23 currencies. The trading platform Trader's Workstation (TWS) is feature-rich, providing in-depth analysis, customized investment strategies and other features to meet the needs of novices to professional active traders.

Many professional organizations are bound to use the data of PCRS, such as Bloomberg. A number of small and medium-sized brokerage firms access the PCRS system to provide securities trading for their users.

(1) Characteristics

◇ Ultra-low trading commissions

◇ Account opening and trading are all conducted online

◇ Global stocks, options, futures, foreign exchange, bonds and fund products can be traded.

◇ Support for U.S. IPOs, pink stocks, etc.

◇ Advanced investment functions, suitable for professional investors

(2) Advantages

◇ No minimum deposit limit for the first time ◇ Stable interface of the trading platform.

◇ Stable interface of the trading platform with multi-language interface.

◇ Various types of commodities can be traded

◇ Abundant data analysis and high professionalism

◇ Support for pre- and post-trading

◇ Supports over-the-counter (OTC) trading

◇ Support for zero-share trading (zero shares)

◇ Support for the Abdominal Reinvestment Program

◇ Free $100,000 virtual account

(3) Disadvantages

◇ Not zero commission trading, U.S. stock commission $0.005/share, minimum $1 per order

◇ Online customer service is slow to respond

◇ TWS system functions are relatively complex and advanced, so novice investors need more time to familiarize themselves with it.

3.moomoo

Founded in 2012, Futu Singapore Pte. Ltd. is a subsidiary of Nasdaq-listed Futu Holdings (Nasdaq: FUTU), which has launched an investment platform called "Futu Niu Moomoo" to provide multi-country securities trading services, allowing you to invest in U.S., Hong Kong, China A-shares, and Singapore stock markets in a single account.

Its subsidiaries hold a total of 43 financial licenses and qualifications in various major financial markets around the world, covering U.S. stocks, Hong Kong stocks, A-shares, funds, futures, bonds and other aspects, with a cumulative total of more than 14 million platform users.

Futura Securities (Singapore) has a licensed entity registered with the Monetary Authority of Singapore (MAS), license number: CMS101000). Futura Securities (Hong Kong) is a licensed corporation regulated by the Securities and Futures Commission (SFC) of Hong Kong, Central Number: AZT137, holding Type 1, 2, 3, 4, 5, 7 and 9 licenses.

(1) Characteristics

◇ Account opening and trading are conducted online

◇ Trading in U.S. stocks, Hong Kong stocks, China A-shares, Singapore stocks, U.S. stock options, funds, futures, ETFs, REITs, American Depository Receipts (ADRs) and so on.

◇ Supports IPOs of U.S., Hong Kong and Singapore stocks.

◇ Owns an independent social platform "Bull Circle".

◇ Known as the "Tencent System" of securities.

(2) Advantages

◇ Permanent 0% commission for U.S. stock trading

◇ No minimum deposit limit for the first time of opening an account

◇ The moomoo trading platform has a simple and easy-to-use interface that is stable and smooth, and offers traditional, simplified Chinese and English interfaces.

◇ Free U.S. stock Level 2 advanced market data

◇ In-depth financial big data analysis and various chart forms, suitable for both fundamental and technical analysis.

◇ Support for pre-market and after-market trading

◇ Free 1 million dollar virtual account

◇ 7×24-hour online customer service with fast response time

◇ Free stocks and stock cash coupons for account deposit

(3) Disadvantages

◇ Doesn't support zero-share trading in U.S. stocks (fractional shares)

◇ No support for transferring stock assets for the time being

◇ No Singapore bank account, can only use telegraphic transfer to deposit funds, high handling charges

4. Longbridge

Longbridge Securities Longbridge was established in March 2019, headquartered in Singapore, the company's founding team of core members are from Alibaba, and has received strategic investment from PhillipCapital (Singapore), the well-known venture capital organization Yuanjing Capital and other investment institutions.

Longbridge Securities is regulated by the Securities and Futures Commission (SFC) of Hong Kong under the Central Number BPX066, and holds a license to deal in securities (Type 1), a license to advise on securities (Type 4), and a license to provide asset management (Type 9).

It is also a registered financial service provider in New Zealand.

Users can invest in US, Hong Kong, Shanghai and Shenzhen (China A-shares), Singapore, Germany, Japan, UK, Australia and other markets with one account, including stocks, ETFs, REITs, money funds, OTC funds and other financial investment products.

(1) Characteristics

◇ Account opening and trading are conducted online

◇Trading is available in the United States, Hong Kong, Shanghai and Shenzhen (China A-shares), Singapore, Germany, Japan, the United Kingdom, Australia and other markets

◇ Financial investment products theme stocks, ETFs, REITs, currency funds, over-the-counter funds, etc.

◇ Support for U.S. and Hong Kong stock IPOs

◇ Known as the "Ali System" securities.

(2) Advantages

◇ No platform fees

◇ No minimum deposit limit for the first time of account opening

◇ Supports deposits in Malaysian dollars (not wire transfers), saving time and money, convenient for Malaysian users.

◇ Longbridge's trading platform interface is simple and easy to use, with Traditional Chinese, Simplified Chinese and Chinese interfaces.

◇ Free U.S. and Hong Kong stock Level 2 advanced market data.

◇ Abundant financial data and market information, and a large number of visualization charts to make the data more understandable.

◇ Comprehensive accounts with pre and post-trading capabilities.

◇ Strong social communication function, independent social forum, live performance conference call, and on-the-spot exchange of experience with other users.

◇ Unique "stock list" function increases investment inspiration.

◇ 7×24-hour online customer service with fast response time.

◇ Free stock and U.S. stock trading fee coupons for account opening and deposit.

*Individuals with a Hong Kong bank card can apply for an integrated account, while other users hold a standard account.

(3) Disadvantages

◇ Doesn't support fractional share trading in U.S. stocks.

◇ Virtual accounts are not available

◇ Higher commission for U.S. stocks, US$0.0088/share, minimum US$1.88 per order. However, no platform usage fee is invoked

5.Tiger Brokers

Tiger Securities Tiger Brokers was founded in 2014 and listed on the Nasdaq exchange in 2019 (Nasdaq: TIGR). It currently has over 4.3 million registered users globally and an annual trading volume of over $10 million.

In terms of regulation, TIGR holds multi-license regulation, including the Monetary Authority of Singapore (MAS), the U.S. Securities and Exchange Commission (SEC), the U.S. Financial Industry Regulatory Authority (FINRA), the Hong Kong Securities and Futures Commission (SFC), the Australian Securities and Investments Commission (ASIC) regulation.

Through Tiger Securities' Tiger Trading Platform, users can invest in six markets including the U.S., Hong Kong, Singapore, China A-shares, Australia, London, etc. The financial investment products cover stocks, options (Option), warrants (Warrant), ETFs, REITs, futures, indices, metals, bonds, funds and so on.

(1) Characteristics

◇ Account opening and trading are all conducted online

◇Trading can be done in the United States, Hong Kong, Singapore, China A-shares, Australia, London and other markets

◇ Financial investment product themes stocks, options, warrants, ETFs, REITs, futures, indices, metals, bonds, funds, etc.

◇ Support for U.S., Hong Kong, and Singapore stock IPOs

◇ Known as "Xiaomi System" securities.

(2) Advantages

◇ No minimum deposit limit for the first deposit of an account.

◇ Free 100,000 U.S. dollars virtual account.

◇ The Tiger Trade trading platform interface is simple and easy to use, with Traditional Chinese, Simplified Chinese and Chinese interfaces.

◇ Free U.S. stock Level 2 advanced market data

◇ No charge for U.S. stock trading

◇ Provides complete IPO information and calendars, making IPOs more convenient.

◇ In-depth technical strategy analysis and stock selection functions

◇ Supports pre-market and after-market trading

◇ 7×24-hour online customer service with fast response time

◇ Free stocks and commission-free trading with account deposit

(3) Disadvantages

◇ Doesn't support zero-share trading of U.S. stocks (fractional shares)

◇ Not zero-commission trading, U.S. stock commission of $0.005/share, a minimum of $0.99 per order; platform usage fee of $0.005/share, a minimum of $1 per order

6.Webull

Founded in 2016, Webull is a securities trading platform launched by Fumi Technology, one of the companies belonging to Xiaomi's financial ecosystem with over 2,000 users worldwide.

Webull Securities officially entered the Hong Kong market on September 10, 2020, and is regulated by the Securities and Futures Commission (SFC) of Hong Kong with a central number of BNG700, holding a Category 1 license. Users can participate in investing in the U.S., Hong Kong and China A-share markets, stocks, ETFs, warrants, CBBCs, in-bound certificates, funds and other financial investment products.

Featuring ultra-low transaction costs, real U.S. stock trading 0 commission, 0 platform fee, Hong Kong stock trading all varieties of 0 commission, 0 membership fees, cash IPO subscription 0 handling fee.

(1) Characteristics

◇ Lifetime commission-free for U.S. and Hong Kong stocks

◇ Account opening and trading are conducted online.

◇Trading in the U.S., Hong Kong, China A-share markets, etc.

◇Financial investment products such as thematic stocks, ETFs, warrants, CBBCs, in-bound certificates, funds, and so on.

◇ Support for Hong Kong stock IPOs

(2) Advantages

◇ No minimum deposit limit for the first time of opening an account

◇ Free demo account

◇ No commission and platform fee for U.S. stocks, no commission for Hong Kong stocks, and platform fee as low as HK$10 per order

◇ Support for before and after-hours trading

◇ 7×24-hour online customer service, fast response time

◇ Free stock certificates for account deposit

(3) Disadvantages

◇ Fewer markets available for trading

◇ Doesn't support U.S. stock trading (fractional shares)

◇No support for Malaysian investors

7. Firstrade

Firstrade Securities Firstrade is a purely online brokerage firm founded in 1985 and a member of FINRA and SIPC.

Users can use Firstrade to trade U.S. stocks, ETFs, options, funds, bonds and other financial products.

One of the biggest advantages of First Securities is that U.S. stocks, ETFs, and options are all zero commission, zero contract fees, and absolutely no hidden fees, making it the most competitive brokerage firm in the market, and therefore the preferred overseas brokerage firm for many Taiwanese to invest in U.S. stocks and ETFs.

(1) Characteristics

◇ 0 commission and no hidden fees for U.S. stocks, ETFs and options.

◇ Account opening and trading are conducted online.

◇ Financial investment product themes U.S. stocks, ETFs, options, funds, bonds, etc.

(2) Advantages

◇ Zero commission and zero contract fees.

◇ No minimum deposit limit for the first time ◇ Supports pre-market and after-market trading.

◇ Support for pre-market and after-market trading

◇Support for the Financial Assistance Reinvestment Program

◇ Free access to authoritative information and research reports from Morning Star, Briefing.com, Zacks and Benzinga.

◇ Good Chinese language interface

(3) Disadvantages

There are fewer marketable markets.

◇ Fewer tradable markets

◇ Doesn't support U.S. fractional share trading.

◇ No demo account

◇ The information provided by the operating platform is relatively simple, suitable for placing orders but not for watching the market.

8. eToro

Founded in 2007, eToro started as an online forex trading business and has gradually developed into a multi-faceted financial trading platform that allows users to invest in U.S. stocks, Hong Kong stocks, ETFs, indices, cryptocurrencies, foreign exchange, commodities and more, with more than 1,000 users in 140 countries around the globe to date. eToro's features include an active and interactive global community, CopyTrader, Follow-The-Lead, eToro Money and more. CopyTrader, eToro Money, and more.

In terms of regulation, eToro is regulated by the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the UAE's Securities and Exchange Commission (CySec). Users in different regions are under different regulatory bodies.

In 2021, eToro announced a partnership with FinTech Acquisition Corp V. to list in the U.S. as a SPAC.

(1) Characteristics

◇ Zero commission on U.S. stocks and ETFs.

◇ Simple and easy-to-understand interface and multi-language support

◇ Free $100,000 credit limit demo account

◇ Support for zero-share trading (zero shares)

◇ Deposit methods cover Yuan, including bank transfer, wire transfer, credit/debit card, PayPal, Skrill, Neteller, Klarna / Sofort, etc.

(2) Advantages

◇ Zero commission for US stocks and ETFs

The interface is easy to understand and supports multiple languages.

◇ Free $100,000 virtual account

◇ Support zero-share trading (zero-share)

◇ Deposit methods cover RMB, including bank transfer, wire transfer, credit / debit card, PayPal, Skrill, Neteller, Klarna / Soport, etc.

(3) Disadvantages

◇ There is a minimum deposit requirement for the first time to open an account, for example, Malaysian users need to deposit a minimum of $50.

◇ Fewer markets available for trading

◇ Inadequacy of some labels, especially the cold labels.

◇ Does not support pre-market and after-market trading

◇ Does not support the Treasury Reinvestment Program

◇ Investment assets can only be circulated on the eToro platform, and cannot be transferred out of other brokerages or transferred into assets from other brokerages

◇ Transfer account inactivity fee, $10 for not logging into the account within 12 months

◇ Platform stability is not good, the stock price rises and falls sharply, or when there are too many users at the same time, there will be a crash or can not operate the situation

◇ Longer withdrawal time

9. POEMS

Phillip Capital, founded in 1975, is headquartered in Singapore and regulated by the Monetary Authority of Singapore (MAS).Phillip Capital established Phillip Securities (Phillip Securities) is responsible for stock trading business, through the POEMS online trading platform for global investors to provide financial trading services.

Through POEMS, users can participate in the trading of 26 global stock markets, including the U.S., Hong Kong and Singapore, covering stocks, ETFs, CFDs, foreign exchange, gold, futures, funds and other financial investment products.1 Characteristics

(1) Characteristics

◇ No platform and custodian fees

◇ Account opening and trading are conducted online

◇ Financial investment product themes stocks, ETFs, CFDs, foreign exchange, gold, futures, funds, etc.

(2) Advantages

◇ No minimum deposit limit for the first time ◇ No platform and custodian fees

◇ No platform and custodian fees

◇ POEMS trading platform is simple and easy to use and provides abundant financial information.

◇ Can participate in the trading of multinational markets

(3) Disadvantages

◇ Does not support fractional share trading in U.S. stocks

◇ No demo account available

◇ U.S. stock commissions are the same as above, at $3.88 per order.

10.Saxo Markets

Saxo Bank was established in 1992, headquartered in Copenhagen, Denmark, Saxo Markets is a subsidiary of Saxo Bank, SaxoInvestor, SaxoTraderGO, SaxoTraderPRO 3D online trading platform for global investors to provide securities, foreign exchange and other transactions, and holds the Danish, Singaporean and other financial markets.15 financial licenses and qualifications.

Users can browse Saxo Markets trading the United States, Hong Kong, Singapore, China and other 85 exchanges around the world, the theme of the financial investment products, including stocks, foreign exchange, futures, options, commodities, bonds, CFDs, funds, cryptocurrencies and so on.

(1) Characteristics

◇ No platform fee

◇ Account opening and trading are conducted online

◇ Financial investment products themed stocks, foreign exchange, futures, options, commodities, bonds, CFDs, funds, cryptocurrencies, etc.

(2) Advantages

◇ No minimum deposit limit for first-time deposits.

◇ No platform fee

◇ Deposit methods include bank transfer, telegraphic transfer, credit/debit card, etc.

◇ The interface of the trading platform provides a wealth of information, which can be utilized by users according to their needs SaxoInvestor (suitable for novices), SaxoTraderGO (suitable for active trading investors), and SaxoTraderPRO (suitable for investors with a large number of active trades).

◇ Can participate in multi-national markets

(3) Disadvantages

◇ Does not support fractional share trading (fractional shares) in U.S. stocks

◇ Does not offer demo accounts

◇ Highest commission for U.S. stocks, 0.06%/share, minimum $4 per order

How to choose the most suitable broker？

Among many brokerage firms, how to pick the most suitable one for you? Here are some suggestions:

Regulators

Choosing a brokerage firm with legitimate regulation is the most effective way to safeguard your funds. When choosing a brokerage firm, you need to pay attention to which regulatory agencies it is regulated by. The degree of authority of the regulatory agency is directly related to the safety index, for example, the U.S. Securities and Exchange Commission (SEC), the Monetary Authority of Singapore (MAS) and so on are highly recognized regulatory agencies.

Investment products

Different investors have different investment needs, so when choosing a brokerage firm, you should know in advance the financial investment products it offers. For example, if one intends to invest in U.S. stock options, one must check whether the brokerage firm offers relevant options trading options.

Commissions and fees

The estimation of commissions and fees is crucial to the cost and return on investment during the investment process. Before opening an account, be sure to check the rates of the specific brokerage firm and find out if there are any potential hidden fees such as annual fees, account activation fees, custodian fees, etc.

Trading platform function

When choosing a brokerage firm, you need to consider the stability of the trading platform to ensure that there are no problems such as delayed quotes or inability to place orders. Only the stable performance of the platform can ensure a smooth trading process. In addition, it is recommended to choose those brokerage platforms that provide a wealth of in-depth financial and monetary information, which will help investors to conduct disk observation, analyze investment indicators and make more informed investment decisions.