Choosing the right broker is one of the most important decisions an active trader can make. Whether you’re day trading stocks, managing options strategies, or investing long-term, your broker impacts everything from your costs to your execution speed.
With so many stock brokers in the USA competing for attention, it can be difficult to find the platform that matches your trading style. Some focus on low commission brokers, while others emphasize powerful trading platforms for charting, research, and analysis.
This guide breaks down the top brokers for active traders in the USA (2025). We’ll cover their pricing, features, and pros/cons so you can find the right fit for your needs. We’ll also highlight a growing alternative for those who don’t want to risk their own capital — stock prop firms like TradeThePool.
Why Choosing the Right Broker Matters
Active trading requires more than just picking stocks — you need the right tools, pricing, and support. Here’s why broker choice is critical:
- Execution speed: Milliseconds can make a difference for day traders.
- Low costs: Frequent trades mean commissions and margin rates can add up.
- Platform features: Advanced charting, screening, and order types are essential.
- Asset variety: Access to stocks, ETFs, options, and even crypto for diversification.
- Support & education: Traders, especially beginners, benefit from research and tutorials.
In short: the right broker can save you money, give you an edge in execution, and make trading easier.
Best Brokers for Active Traders in the USA (2025)
Here’s a quick comparison of the top discount and active trading brokers available this year:
| Broker | Stock/ETF Commissions | Options (per contract) | Margin Rate (Approx.) | Best For |
|---|---|---|---|---|
| Webull | $0 | $0.55 | ~9.49% | Active mobile traders |
| TD Ameritrade | $0 | $0.65 | ~13.5% | Education + thinkorswim platform |
| Interactive Brokers | $0 (Lite plan) | $0.65 | ~6.83% | Professional + global traders |
| Fidelity | $0 | $0.65 | ~12.075% | Long-term + retirement accounts |
| Charles Schwab | $0 | $0.65 | ~13.58% | Beginners + retirement |
| Robinhood | $0 | $0 (Gold required) | ~12% | Beginners, simple app users |
1. Webull
Best For: Tech-savvy traders who want a powerful app.
Webull has quickly become one of the most popular brokers for active traders in the USA. It offers commission-free stock, ETF, and options trading with a sleek app that rivals more established brokers.
Pros:
- $0 commissions on stocks and ETFs
- Advanced charting with 50+ indicators
- Extended-hours trading (pre- and post-market)
- No account minimum
Cons:
- No mutual funds or bonds
- Limited customer service
User Experience: Webull’s mobile-first design appeals to younger and more active traders. The paper trading feature makes it great for trading for beginners who want to practice without risk.
2. TD Ameritrade
Best For: Traders who want advanced tools and educational resources.
TD Ameritrade remains a top choice thanks to its powerful thinkorswim platform, which offers professional-grade charting and analysis tools.
Pros:
- $0 stock and ETF commissions
- Thinkorswim: one of the best trading platforms in the USA
- Extensive market education
- PaperMoney virtual account for practice
Cons:
- Margin rates are higher than competitors
- Tools can be overwhelming for complete beginners
User Experience: Active traders love thinkorswim’s customization and execution speed. If you want to learn while trading, TD Ameritrade’s tutorials and webinars are unmatched.
3. Interactive Brokers (IBKR)
Best For: Global and professional traders.
Interactive Brokers is known for low commission brokers and the lowest margin rates among U.S. brokers. It’s ideal for traders who demand advanced tools, global market access, and automation features.
Pros:
- $0 commissions on U.S. stocks (IBKR Lite)
- Access to 135+ markets in 30+ countries
- Lowest margin rates (~6.83%)
- API access for automated trading
Cons:
- Steep learning curve for beginners
- Complex pricing structures
User Experience: Interactive Brokers is best suited for experienced traders. The Trader Workstation platform is feature-packed, but beginners may prefer the simpler IBKR Lite app.
4. Fidelity
Best For: Long-term investors who still want flexibility.
Fidelity is consistently ranked among the best stock brokers in the USA thanks to its low costs, research tools, and strong customer service. While not built exclusively for day traders, it’s excellent for those who want to balance active trading with retirement planning.
Pros:
- $0 commissions on stocks and ETFs
- Strong research reports and screeners
- Excellent retirement planning tools
- Fractional share trading available
Cons:
- Not ideal for very high-frequency traders
User Experience: Fidelity shines for investors who want both everyday trading and long-term wealth building in one platform.
5. Charles Schwab
Best For: Beginners and retirement-focused traders.
Schwab offers a balance between low commission brokers and full-service financial support. It’s widely trusted and offers a solid platform with educational tools.
Pros:
- $0 commissions on stocks and ETFs
- Fractional shares through “Stock Slices”
- Strong retirement account options
- Robo-advisory services available
Cons:
- Margin rates are on the higher side
- Platform design feels slightly dated
User Experience: Schwab is a safe choice for those just starting out, especially if you’re learning trading for beginners while planning for retirement.
6. Robinhood
Best For: New traders who want simplicity.
Robinhood remains a popular choice among younger traders due to its simple interface and commission-free structure.
Pros:
- $0 stock, ETF, options, and crypto trading
- Clean, beginner-friendly mobile app
- Instant deposits
- No account minimum
Cons:
- Limited research tools and charting
- No retirement accounts
- Past regulatory issues
User Experience: Robinhood is great for quick trades but may not be enough for advanced active traders who need in-depth analysis.
Key Factors for Active Traders When Choosing a Broker
When deciding between these stock brokers USA, here’s what matters most for active traders:
1. Commissions & Fees
- Look for $0 commission trading
- Options traders should compare contract fees (average: $0.50–$0.65)
2. Margin Rates
- Lower rates help if you trade with leverage
- Interactive Brokers leads here
3. Platform Tools
- Active traders need advanced charting, scanners, and order routing
- TD Ameritrade’s thinkorswim and Webull stand out
4. Asset Access
- Stocks and ETFs are standard
- Some brokers also offer crypto and mutual funds
5. Education & Support
- For trading for beginners, look for tutorials, webinars, and paper trading
Commission & Margin Rate Comparison (2025)
| Broker | Stock/ETF Fee | Options Fee (per contract) | Margin Rate (Approx.) |
|---|---|---|---|
| Robinhood | $0 | $0 (with Gold) | ~12% |
| Webull | $0 | $0.55 | ~9.49% |
| Charles Schwab | $0 | $0.65 | ~13.58% |
| TD Ameritrade | $0 | $0.65 | ~13.5% |
| Fidelity | $0 | $0.65 | ~12.075% |
| Interactive Brokers | $0 (Lite) | $0.65 | ~6.83% |
Prop Trading: An Alternative to Using Your Own Capital
Discount brokers are great if you already have funds — but what if you don’t want to risk your own savings?
Many traders are also exploring TradeThePool stock prop firm in 2025 — these stock prop firms fund traders, so you can trade with little or no deposit.
Why Traders Consider Prop Firms:
- No large deposit needed when trading with a prop firm
- Access to up to $260,000 in funded capital
- Profit-sharing opportunities
- Remote access to professional trading tools
Prop firms help you get funded to trade remotely, and for skilled traders, this can be an excellent alternative to personal accounts.
👉 Check out TradeThePool to learn more.
FAQ: Top Brokers for Active Traders in the USA
1. What’s the cheapest broker for active trading in the USA?
Webull, Robinhood, and Fidelity all offer $0 commission stock trading.
2. Which broker is best for day trading?
Interactive Brokers and TD Ameritrade are often preferred for their platforms and execution.
3. Can I start trading with no money?
Yes, some brokers have no minimum deposits. Alternatively, you can join a prop firm like TradeThePool.
4. What’s the best trading platform in the USA?
Thinkorswim (TD Ameritrade) and Interactive Brokers’ TWS are considered the most advanced.
5. Do discount brokers offer options trading?
Yes, all major discount brokers support options, usually at $0.50–$0.65 per contract.
6. Are prop firms safe to use?
Reputable prop firms like TradeThePool provide clear rules and real funding, making them a good choice for disciplined traders.
7. Which broker has the lowest margin rates?
Interactive Brokers consistently offers the lowest margin rates in the U.S.
Final Thoughts
Active trading in the USA is more accessible than ever thanks to low commission brokers and powerful platforms. Whether you want Webull’s sleek charts, TD Ameritrade’s thinkorswim, or Interactive Brokers’ global access, there’s a broker for every style.
But if you want to start trading without using your own capital, consider a prop firm.
👉 Want to start trading without using your own money? Explore the top-rated stock prop firm tradethepool.com.
