Best Brokers With Commission-Free Trading 2025
Commission-free trading brings a clear benefit to investors of lower trading and management fees, but not every broker measures up from our tests. Dig into our selection of the best brokers with zero commission investing in 2025.
Top Commission-Free Trading Brokers
-
XTB offers zero commission on real stocks and ETFs for monthly turnovers up to €100,000. Beyond this, a 0.2% fee applies, with a minimum of €10, plus a 0.5% FX conversion if the currency differs. Precise charges are shown before ordering. For active traders valuing clarity and dependability, XTB's transparent model simplifies managing short-term fees.
Instruments Regulator Platforms CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs FCA, CySEC, KNF, DFSA, FSC xStation Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 -
Interactive Brokers provides commission-free trading for certain products, with a small per-share fee outside these plans, meaning costs aren't entirely zero. However, transactions align with shown prices, offering predictable expenses. Competitive spreads and transparency ensure no hidden costs, unlike many competitors.
Instruments Regulator Platforms Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower Min. Deposit Min. Trade Leverage $0 $100 1:50 -
In our assessment of IG, commission-free trading on select products and accounts in certain regions featured consistently tight spreads without hidden charges. Cost transparency across all instruments was notable, ensuring clear pricing. Additionally, newcomers benefit from excellent educational resources, including the IG Academy.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM, JFSA Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 (Retail), 1:222 (Pro) -
In certain areas, eToro provides zero commissions on self-directed US stocks and options. Our practical experience showed that other fees, such as spreads, are clearly presented before trades, ensuring upfront cost clarity. This transparency benefits both casual and active traders by eliminating uncertainty and simplifying trading.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF eToro Web, CopyTrader, TradingCentral Min. Deposit Min. Trade Leverage $50 $10 1:30
XTB
Interactive Brokers
IG
eToroSafety Comparison
Compare how safe the Best Brokers With Commission-Free Trading 2025 are and what features they offer to protect traders.
| Broker | Trust Rating | FCA Regulated | Negative Balance Protection | Guaranteed Stop Loss | Segregated Accounts |
|---|---|---|---|---|---|
| XTB | ✔ | ✔ | ✔ | ✔ | |
| Interactive Brokers | ✔ | ✔ | ✘ | ✔ | |
| IG | ✔ | ✔ | ✔ | ✔ | |
| eToro | ✔ | ✔ | ✘ | ✔ |
Payments Comparison
Compare which popular payment methods the Best Brokers With Commission-Free Trading 2025 support and whether they have trading accounts denominated in British Pounds (GBP).
| Broker | GBP Account | Debit Card | Credit Card | Neteller | Skrill | Apple Pay |
|---|---|---|---|---|---|---|
| XTB | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Interactive Brokers | ✔ | ✔ | ✘ | ✘ | ✘ | ✘ |
| IG | ✔ | ✔ | ✔ | ✘ | ✘ | ✘ |
| eToro | ✔ | ✔ | ✘ | ✔ | ✔ | ✘ |
Mobile Trading Comparison
How good are the Best Brokers With Commission-Free Trading 2025 at mobile trading using apps or other mobile interfaces.
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| XTB | iOS & Android | ✔ | ||
| Interactive Brokers | iOS & Android | ✔ | ||
| IG | iOS & Android | ✔ | ||
| eToro | iOS & Android | ✘ |
Beginners Comparison
Are the Best Brokers With Commission-Free Trading 2025 good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Support Rating | Education Rating |
|---|---|---|---|---|---|
| XTB | ✔ | $0 | 0.01 Lots | ||
| Interactive Brokers | ✔ | $0 | $100 | ||
| IG | ✔ | $0 | 0.01 Lots | ||
| eToro | ✔ | $50 | $10 |
Advanced Trading Comparison
Do the Best Brokers With Commission-Free Trading 2025 offer features that allow for more advanced trading strategies?
| Broker | Automated Trading | Pro Account | Leverage | VPS | AI | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| XTB | - | ✔ | 1:30 | ✘ | ✘ | ✔ | ✘ |
| Interactive Brokers | Capitalise.ai, TWS API | ✘ | 1:50 | ✘ | ✔ | ✔ | ✔ |
| IG | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | ✔ | 1:30 (Retail), 1:222 (Pro) | ✔ | ✔ | ✔ | ✔ |
| eToro | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | ✘ | 1:30 | ✘ | ✔ | ✘ | ✔ |
Detailed Rating Comparison
Use this heatmap to compare our detailed ratings for all of the Best Brokers With Commission-Free Trading 2025.
| Broker | Trust | Platforms | Mobile | Assets | Fees | Accounts | Support | Research | Education |
|---|---|---|---|---|---|---|---|---|---|
| XTB | |||||||||
| Interactive Brokers | |||||||||
| IG | |||||||||
| eToro |
Our Take On XTB
"XTB excels for novice traders with its superb xStation platform, minimal trading costs, no required deposit, and outstanding educational resources, many of which are fully integrated into the platform."
Pros
- The xStation platform stands out with its user-friendly design and intuitive tools, such as adaptable news feeds, sentiment heatmaps, and a trader calculator. These features streamline the learning process for new traders.
- Top-notch customer support, available 24/5, includes a welcoming live chat with response times under two minutes during tests.
- XTB has increased interest rates on idle funds and introduced zero-fee ISAs for UK clients, offering a wide variety of markets.
Cons
- Trading fees are competitive, with average EUR/USD spreads of about 1 pip. However, they are not as low as the most affordable brokers, such as IC Markets. Additionally, an inactivity fee applies after a year.
- It is frustrating that XTB products do not allow traders to modify the default leverage level. Manually adjusting leverage can greatly reduce risk in forex and CFD trading.
- The demo account lasts only four weeks, posing a challenge for traders wanting to fully explore the xStation platform and refine short-term strategies before investing actual money.
Our Take On Interactive Brokers
"Interactive Brokers ranks highly for seasoned traders due to its robust charting platforms, live data, and bespoke layouts via the new IBKR Desktop app. Its competitive pricing and sophisticated order choices appeal to traders, and its wide equity options are industry-leading."
Pros
- Interactive Brokers has introduced ForecastTrader, an innovative product offering zero-commission trading with yes/no Forecast Contracts on political, economic, and climate events. It features fixed $1 contract payouts, 24/6 market access, and a 3.83% APY on positions held.
- The new IBKR Desktop platform combines the top features of TWS with customised tools such as Option Lattice and MultiSort Screeners, providing an impressive trading experience for traders of all skill levels.
- IBKR offers an economical environment for traders, featuring low commissions, narrow spreads, and a clear fee structure.
Cons
- IBKR offers a variety of research tools, but their inconsistent placement across trading platforms and the 'Account Management' webpage creates a confusing experience for users.
- You are limited to a single active session per account, meaning you cannot use both your desktop programme and mobile app at the same time. This restriction can occasionally lead to a frustrating experience for traders.
- Support can be sluggish and frustrating. Tests reveal that you may face challenges reaching customer service quickly, which could result in delays in issue resolution.
Our Take On IG
"IG offers a complete package with an intuitive online platform, top-tier beginner education, advanced charting tools through its TradingView integration, real-time data, and swift execution for seasoned traders."
Pros
- As a seasoned broker, IG adheres to stringent regulatory standards across various regions, ensuring significant trust.
- IG provides a wide range of professional and engaging educational materials, such as webinars, articles, and analyses, tailored for traders.
- The IG app provides an excellent mobile trading experience with an intuitive design, earning it the Runner Up position in our 'Best Trading App' award.
Cons
- IG has ended its swap-free account, diminishing its attractiveness to Islamic traders.
- In the UK and EU, negative balance protection is available. However, US clients lack account protection and guaranteed stop losses.
- Beginners may find IG's fees complicated, as they vary depending on the trades or services. This could cause confusion and unexpected costs.
Our Take On eToro
"eToro's social trading platform excels with its outstanding user experience and lively community chat, aiding beginners in spotting opportunities. It offers competitive fees on numerous CFDs and real stocks, alongside exceptional rewards for seasoned strategists."
Pros
- eToro secured second place in DayTrading.com's 'Best Crypto Broker' for 2025, offering a vast selection of tokens, dependable service, and competitive fees.
- eToro now offers accounts in EUR and GBP, with recent additions of BTC and ETH payment options. This reduces conversion costs and delivers a tailored trading experience.
- The trading app provides a top-tier social environment featuring an engaging feed and community chat, which we enjoy using.
Cons
- The only significant contact option, besides the in-platform live chat, is limited.
- There are no assured stop-loss orders, which could be a valuable risk management tool for novice traders.
- The minimum withdrawal is set at $30, accompanied by a $5 fee. This may impact traders with limited funds, particularly those just starting out.
How Investing.co.uk Chose The Best Brokers For Commission-Free Investing
We confirmed that every broker on our list truly offers commission-free trading, contacting support teams where needed to verify details.
From there, we sorted providers using our overall ratings – built from more than 200 data points and in-house testing by our team of experienced traders and analysts.
What To Look For In A No Commission Trading Broker
There is no singular ‘best’ commission-free trading broker for all investors. Everyone is looking to trade with different amounts, in different assets, and with different experience levels.
Check our list of the important considerations to help you find the right zero-commission broker for you:
Other Fees
While you may be looking at commission-free brokers, this does not mean there won’t be any charges. The most significant fees you’re likely to come up against are spreads – the difference between the price to buy and sell an asset – as you’ll have to cough this up each time you open or close a position.
It’s worth noting that commission-free brokers tend to have larger spreads, and these can add up if you frequently open and close trades. However, we’ve been impressed lately to find many brokers offering no commissions and spreads well below 1 pip on popular assets.
Brokers also often place fees in other parts of their service to enable them to offer zero-commission trading, from deposit/withdrawal charges and overnight financing costs to fees for premium trading tools.
- FXCC is a rare example of a no-commission broker that offers ECN pricing and ultra-tight spreads from 0 pips on its standard account type. It’s also one of the most accessible brokers, with no minimum deposit fee and zero funding fees.
Regulation & Security
The Financial Conduct Authority (FCA) is the UK’s financial services and market regulator. As such, if you are looking to trade from the UK then finding brokers with commission-free investing that hold a license with the FCA is important.
These brokers will adhere to the rules and regulations set by the FCA to protect you, the investor, from financial malpractice, including:
- Mandatory negative balance protection ensures investors can’t lose more money than they have in their accounts
- Segregated accounts keep clients’ and business funds separate
- Up to £85,000 of each client’s funds is insured against business failure under the Financial Services Compensation Scheme (FSCS)
- Regular financial reports and audits compel brokers to maintain high standards to hold onto their licences.
- IG is not just an FCA-regulated broker – it’s won recognition as one of the most secure and reliable brokers over decades in the business since it was established in 1974; its listing on the London Stock Exchange adds another layer of security as it must meet the exchange’s strict standards.
Platform & Mobile Investing
The platform is where traders place orders, so it’s one of the most important considerations when you choose a no-commission broker.
Most brokers we’ve tested provide well-established platforms such as cTrader, MetaTrader 4 or MetaTrader 5, but newer platforms like TradingView have been making in-roads, and many brokers also offer proprietary platforms that are typically more user-friendly and accessible.
Another key consideration is the mobile app – increasingly the favoured way of accessing markets nowadays – and we favour brokers that provide a fast and easy way to access markets on the move without sacrificing features or charting power.
EUR/USD pair on TradingView via BlackBull Markets
Sign up with a demo account before you invest any money with a broker – this is the best way to try out the platform and see if it suits your needs.
- BlackBull provides a superb selection of trading platforms on its no-commission standard account, with traders able to choose between MT4, MT5, cTrader and TradingView, as well as accessing proprietary copy trading and investing platforms.
Assets
Brokers with commission-free investing provide access to different exchanges. Typically, brokers with no commission will offer access to fewer assets than those that charge a commission.
It is also worth noting that within the available assets, some brokers may only offer commission-free trading on a portion of them, for instance UK and US shares.
- Pepperstone offers competitive and, importantly, transparent commission-free pricing, with all of the costs for its various account types disclosed up front, and low no-commission spreads on assets like indices and gold as well as the usual FX pairs.
Research & Education
Informed decisions lead to greater chances of making profits, so you should find a broker that provides strong research tools and educational resources.
Some brokers with commission-free investing also increasingly offer social platforms that allow correspondence and interaction between users. This allows for the sharing of thoughts and predictions on stock or market movements, as well as the freedom to discuss with experienced investors.
Along with this, it is common for brokers with social platforms to offer copy trading, allowing traders to ‘copy’ other investors’ portfolios, strategies and positions. This can be a bonus for beginner investors or those looking to trade without much time for research and study.
- IC Markets provides a full suite of research tools and additional features, with traders able to access video and text tutorials, plus research webinars, a blog, trading calendars and calculators, as well as third-party tools including copy trading.
Currency
Not all licensed brokers regulated by the FCA use GBP as their portfolio currency. For example, eToro uses USD as the base currency, so if you deposit money, it will automatically convert to USD with a foreign-exchange fee.
If you plan to trade on foreign exchanges and platforms then it is worth considering each broker’s conversion fees.
Bear in mind that it’s sometimes an advantage to be able to hold foreign currencies in your trading account. If you want to trade US stocks or ETFs, for example, you’ll need US dollars since this is the currency they’re traded in.Being able to transfer in and hold various currencies can spare you from hefty conversion fees as you often get a better rate yourself via online services like Skrill.
- Interactive Brokers is the most flexible commission-free broker out there for account currency options, as it allows you to buy and sell currencies in its platform that you can then use to trade a dizzying array of assets across hundreds of global exchanges.
What Is Commission-Free Trading?
Brokers typically apply a fee when investors place a trade. This is usually a flat fee on every buy or sell order, though it can also be a percentage of the order.
At online brokers in the UK, this charge generally ranges from £1 to upwards of £10. In essence, the commission is the cost of making a trade.
Brokers with commission-free investing allow traders to place orders without such fees. This is particularly beneficial to those with less capital as flat commission fees can amount to a notable percentage of an investor’s overall trading portfolio.
Commission Vs Spread
A commission fee is different to the spread. Commissions are added on top when opening or closing a position. The spread is the difference between the bid and ask prices of a security, such as a FTSE-listed stock.
Typically, the bid price (the price you pay to buy a stock from a broker) is a little higher than the market value of the asset, and the ask price (the price the broker pays you when you sell the stock) is a little lower than the market value of the asset.
When opening and closing a position, the broker will pocket the difference between the actual market prices and the quoted prices.
How Do Brokers With Zero Commission Make Money?
But if brokers aren’t making money from commissions and offer low spreads, then how do they continue to operate? Brokerages incur a range of overheads and administrative fees for providing trading services, so they look to other channels to generate revenue…
Hidden Costs & Limitations
As mentioned, zero-commission traders will almost always make their money by charging a wider spread than brokers that do charge a commission.
Some brokers with commission-free investing also apply other charges such as deposit/withdrawal fees or extra charges to access data and research tools.
Brokers may also only offer zero-commission trading on some assets, such as OTC stocks, while forex and cryptos, for example, incur a commission. Alternatively, you may only be able to trade commission-free for a set number of orders each month. Or it may be limited by the size of the order.
Payment For Order Flow
There are other options for brokers to make money as well, such as Payment For Order Flow (PFOF). This is where brokers route client orders to market makers for execution, in return for a fee.
The Financial Conduct Authority (FCA) has banned this in the United Kingdom, to protect investors from conflicts of interest between clients and brokers. However, offshore brokers may still use this system, so you should be careful to investigate the system they use for orders.
Pros & Cons Of Using A Broker With No Commission Investing
Pros
- Zero-commissions can allow for cheaper portfolio diversification
- No restrictions on trading strategy or hedge systems
- Simplified and streamlined trading platforms
- Greater potential profit margins
- Lower minimum deposits
- Beginner-friendly
Cons
- Limited resources & research
- Access to fewer markets
- Wider bid-ask spreads
- Potentially hidden fees
Bottom Line
Zero-commission trading has taken off and the benefits are clear: cheaper buy and sell orders allow for greater profit margins and portfolio diversification.
Typically designed for newer investors, the trading platforms offered by zero-commission brokers are normally more streamlined, accessible, and user-friendly, though you may find you pay a wider spread or some hidden costs as a tradeoff.
Use our list of the best brokers for commission-free investing to get started.