Top No-Fee Stock Trading Apps for 2025: A Complete Guide for U.S. Investors
In the fast-evolving world of personal finance, zero-commission stock trading apps have reshaped how Americans invest. Backed by digital convenience and competitive pricing, these platforms offer easy access to markets with no traditional broker fees, making them especially appealing for first-time investors and active traders.
In 2025, more U.S. consumers are shifting away from legacy brokerages and embracing fintech-driven platforms that promise transparency, mobility, and zero fees. This article explores the best no-fee stock trading apps available in the USA this year evaluating features, pros and cons, security, and who each app is best suited for.
Why No-Fee Stock Trading Apps Are Dominating in 2025
The commission-free movement, kickstarted by Robinhood years ago, has evolved into a norm. Now, most mainstream brokerages have followed suit, but newer platforms are pushing the envelope further offering fractional shares, real-time data, educational tools, and AI-assisted trading, all without hidden charges.
According to a 2025 report from Statista, over 85 million Americans are now investing via mobile trading platforms a number expected to grow as more Gen Z and Millennials build wealth.
What Makes a Great No-Fee Trading App in 2025?
When selecting the best platform, the absence of commission is just the start. Investors in 2025 care about:
- User-friendly interface
- Access to real-time market data
- Fractional share availability
- Security and SIPC insurance
- Retirement & taxable accounts
- Research and charting tools
- Crypto, options, and ETFs accessibility
Top 7 No-Fee Stock Trading Apps in the USA (2025)
Let’s dive into the most trusted, commission-free apps U.S. investors are using this year.
1. Robinhood
Best For: Beginners and mobile-first investors
Cost: $0 commissions on stocks, ETFs, and options
Platform Type: Mobile + Web
Robinhood remains a popular choice for new investors with its clean design and commission-free model. It pioneered mobile investing and now offers retirement accounts, crypto trading, and cash management.
Key Features:
- Fractional shares starting at $1
- Margin trading via Robinhood Gold
- Real-time data and alerts
- No minimum balance
Pros:
- Intuitive interface
- Easy sign-up and instant funding
- No hidden fees
Cons:
- Limited research tools
- Customer service still improving
2. Fidelity Investments
Best For: Long-term investors and retirement savers
Cost: $0 commissions on U.S. stocks and ETFs
Platform Type: Mobile + Web + Desktop
Fidelity combines no-fee trading with exceptional research tools, top-tier customer service, and retirement planning features. It’s ideal for investors wanting a mix of DIY trading and long-term guidance.
Key Features:
- In-depth market research
- Free real-time quotes and screeners
- Roth and Traditional IRAs
- Fractional shares through “Stocks by the Slice”
Pros:
- SIPC-insured up to $500,000
- Retirement-focused investing tools
- Strong reputation and trust
Cons:
- Interface not as modern as newer apps
3. Webull
Best For: Intermediate traders who want advanced charting
Cost: $0 commissions on stocks, ETFs, and options
Platform Type: Mobile + Web + Desktop
Webull bridges the gap between Robinhood’s simplicity and Fidelity’s analytics. With technical indicators, Level II market data, and extended hours trading, it’s a favorite among active retail traders.
Key Features:
- Advanced stock screeners
- Paper trading (virtual practice account)
- Real-time data feeds
- Cryptocurrency support
Pros:
- Rich in analytics and charting
- 24/7 crypto trading
- Free trading courses in-app
Cons:
- Not beginner-friendly
- Limited fractional share availability
4. SoFi Invest
Best For: Beginners seeking diversified financial tools
Cost: $0 commissions on stocks and ETFs
Platform Type: Mobile + Web
SoFi Invest is part of a full-service personal finance app. It allows users to trade stocks, invest in crypto, and build retirement portfolios—backed by financial planners and automated investing options.
Key Features:
- Automated investing portfolios
- Access to crypto and fractional shares
- SoFi credit card integration for investing rewards
- No account minimum
Pros:
- Clean and modern interface
- Integration with loans, banking, and budgeting
- Goal-setting and financial advice tools
Cons:
- Limited trading tools for pros
5. Charles Schwab
Best For: All-around investors wanting trust and stability
Cost: $0 on stocks, ETFs, and options
Platform Type: Mobile + Web + Thinkorswim (via TD Ameritrade integration)
Schwab’s no-fee offering is now integrated with Thinkorswim, giving traders access to elite research, strategy backtesting, and professional-grade charts.
Key Features:
- 24/7 customer support
- Schwab Stock Slices (fractional shares)
- Extensive mutual fund access
- Research from Morningstar and Credit Suisse
Pros:
- Highly reliable platform
- Great for retirement and taxable accounts
- Seamless transition from TD Ameritrade
Cons:
- May feel overwhelming for casual investors
6. Public
Best For: Social investors and transparency lovers
Cost: $0 on U.S. stocks and ETFs
Platform Type: Mobile
Public adds a social twist to stock trading, letting users follow others’ portfolios and share insights. It's unique in banning Payment for Order Flow (PFOF), which some view as a conflict of interest.
Key Features:
- Community-based discussions
- Transparency in order execution
- Alternative assets like collectibles
Pros:
- Fractional shares available
- No PFOF greater trading transparency
- Educational content for users
Cons:
- Limited research tools
- Not ideal for high-frequency traders
7. M1 Finance
Best For: Automated long-term investing with control
Cost: $0 on stocks and ETFs
Platform Type: Mobile + Web
M1 offers a hybrid between robo-investing and self-directed trading. You build “Pies” (custom portfolios), and the platform automatically rebalances them over time.
Key Features:
- Auto-investing & smart rebalancing
- Fractional share investing
- Recurring deposits for DCA (Dollar Cost Averaging)
- Retirement accounts included
Pros:
- Ideal for long-term investing
- Passive yet customizable
- High trust and great reviews
Cons:
- No real-time trading
- Not built for active day traders
Key Comparison Table: Best No-Fee Trading Apps (2025)
| App | Best For | Fractional Shares | Crypto | IRAs | Real-Time Data | Min. Balance |
|---|---|---|---|---|---|---|
| Robinhood | New investors | Yes | Yes | Yes | Yes | $0 |
| Fidelity | Retirement-focused | Yes | No | Yes | Yes | $0 |
| Webull | Intermediate traders | Limited | Yes | No | Yes | $0 |
| SoFi Invest | All-in-one finance | Yes | Yes | Yes | Yes | $0 |
| Schwab | All-around | Yes | No | Yes | Yes | $0 |
| Public | Social investing | Yes | Yes | No | Yes | $0 |
| M1 Finance | Passive investors | Yes | No | Yes | Limited | $100 ($500 for retirement) |
Common Pitfalls to Avoid in 2025
- Overtrading: Just because it’s commission-free doesn’t mean you should day trade without a plan.
- Ignoring tax implications: Capital gains still apply. Use tax-advantaged accounts where possible.
- Falling for “gamified” interfaces: Apps that feel like games may encourage risky behavior.
- Neglecting account security: Always enable 2FA and monitor your trading app’s login history.
FAQs: No-Fee Stock Trading in 2025
1. Are these apps really free?
Yes. Most offer $0 commissions on stock and ETF trades. However, be aware of fees for margin, crypto trading, or premium features.
2. Is it safe to invest using mobile apps?
Yes, as long as the app is regulated by FINRA/SEC and covered by SIPC insurance. Always use strong passwords and 2FA.
3. Can I trade fractional shares?
Most apps like Robinhood, Fidelity, and M1 Finance offer fractional trading starting as low as $1.
4. Do these apps support retirement accounts?
Fidelity, SoFi Invest, M1 Finance, and Schwab offer Roth and Traditional IRA accounts with no maintenance fees.
5. What’s the best no-fee app for beginners?
Robinhood or SoFi Invest, due to their simplicity and low learning curve.
Final Thoughts: Trade Smart, Pay Zero
In 2025, U.S. investors no longer need to pay hefty fees to grow their wealth. Whether you’re day trading stocks or building a long-term retirement portfolio, these commission-free platforms provide more access than ever before. The key is choosing one that fits your style and goals whether that’s simplicity, research tools, or automation.
By understanding your needs, comparing features, and staying educated, you can fully leverage the power of modern investing without paying a cent in trading commissions.
Ready to start investing commission-free?
Choose a no-fee trading app that matches your financial goals, risk tolerance, and lifestyle.
Compare trusted U.S. platforms today at NerdWallet or Investor.gov.
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