SIMPLE EXPLANATION
The following brokers offer the possibility to buy or sell stocks online without any commission or fees (or with very low ones).
eToro offers all their clients, including their clients in Colombia, Mexico, Ecuador, Chile, Paraguay, and all of Latin America, the possibility to buy and sell stocks without commission or fees of any kind. The commission-free offer only applies to buying of the underlying asset and does not apply to CFDs. The minimum amount to open an account is $200, and the minimum investment amount is $50. Clients have no investment or time limits, so investors can buy an unlimited number of stocks and keep them for as long as they see fit without paying any commission. Start buying stocks with eToro here.
Revolut
Revolut offers the purchase and sale of stocks without commission on the first three transactions each month. Once you have reached this limit, Revolut charges a fixed commission of one pound sterling per transaction. This commission is considerably cheaper than many of its competitors on the market. Revolut also charges a small annual custody charge of 0.01% of the market value of your assets.
FULL EXPLANATION
Many brokers offer the possibility to buy real stocks online. Most of them, however, charge either a monthly or a fixed fee per transaction or both. For someone who is just starting to invest in the financial markets, and with relatively small amounts, it is essential to find a broker that does not charge a fee or only charges a small one and allows you to keep your investment long term. The following two providers are an excellent choice for buying stocks online without paying commission or paying a small commission (in case of Revolut).
eToro allows you to buy and sell stocks from more than 17 stock exchanges without commission or fees of any kind. eToro has no investment or time limits, so you can buy and sell stocks over an unlimited time period without paying commission. The commission-free stocks purchase offer is available to all eToro clients, including clients from Mexico, Colombia, Ecuador, Panama, Chile, Uruguay, etc. However, despite not charging a commission, there are other small charges that you should take into account: (i) commission of 5 dollars for withdrawals; (ii) in case of inactivity (not logging in) for more than 12 months eToro charges a $10 monthly fee, which is discounted from the available amount, but they do not close any position to charge the inactivity fee; (iii) currency conversion fee, only in case you deposit in a currency other than the dollar. Start buying stocks with eToro here.
Revolut
Revolut offers the purchase and sale of stocks with no commission on the first three transactions each month. Once you have completed the three transactions, Revolut starts charging a fixed commission of one pound sterling per transaction. This fee is cheaper than many of its competitors on the market. Likewise, Revolut charges a small annual custody charge of 0.01% of your assets’ market value. The company offers a simple and easy to use interactive platform so that anyone who wants to start trading in the stock market and buy stocks or other financial assets can do so without any problem. Additionally, Revolut offers the possibility of purchase fractions of the stocks or commodities from one dollar.
Advantages: (i) no commissions; (ii) easy to use; (iii) good exchange rates in case you deposit in a currency other than USD, and; (iv) it allows you to buy stocks and commodities from one dollar.
Disadvantages: (i) Revolut only offers US market stocks, and; (ii) it is only available in the European Economic Community.
*This site contains affiliate links and we may receive a commission when you register using our links. However, this does not affect our providers’ review or comparison.
| a) Does it charge a commission to buy stocks? | eToro does not charge commission when opening or closing positions when buying unleveraged (leverage x1) stocks. |
| b) What is the minimum deposit to open an account? | The minimum deposit amount is $200 |
| c) What is the minimum investment amount? | The minimum investment amount is $50 and you can buy fractions of stocks. |
| d) What stocks are available? | There are more than 2,000 stocks from 17 stock exchanges, including some Latin American stocks. |
| e) Who can buy shares without paying commission or fees? | All eToro clients can buy stocks, including clients from Colombia, Chile, Ecuador, Mexico, Panama, Uruguay, Argentina, except clients from the United States. |
| f) Is there a limit on the number of shares I can buy? | No, there is no limit on the amounts of stocks that you can buy. |
| g) For how long can I keep my investment? | You can keep your investment as long as you want. |
| h) Is there any other fee or charge I should consider? | Yes, eToro charges: (i) Five dollars commission for withdrawals; (ii) Commission of ten dollars per month for inactivity after 12 months if you do no login and; (iii) Commission for currency conversion when the deposit is not made in USD. |
