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2. Broker for Beginner

Interactive Brokers IBKR Lite

Why we like itInteractive Brokers’ IBKR Lite is a strong option for frequent traders: The broker offers international trade capabilities, no stock-trading commission and a quality trading platform.

Pros

  • Large investment selection.
  • Strong research and tools.
  • Over 4,300 no-transaction-fee mutual funds.
  • NerdWallet users who sign up for IBKR Pro get a 0.25 percentage point discount on margin rates.

Cons

  • Website is difficult to navigate.
  • Inactivity fees on IBKR Pro

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