Best Joint Brokerage Accounts
Review
Updated
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There are several reasons why opening a joint brokerage account could make good financial sense. However, not all brokers offer the ability to open an account with two or more owners.
Fortunately, some of our favorite brokers do allow for joint accounts to be opened. In this article, we'll discuss our top brokers for joint accounts, as well as some important things to keep in mind before you open one.
| Broker/Advisor | Best For | Commissions | Learn More | |
|---|---|---|---|---|
 2025 Award Winner
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
Best For:
Low fees |
Commission:
Commission-free; other fees apply |
Learn More for E*TRADE from Morgan Stanley
On E*TRADE's Secure Website.
Special Offer
Open and fund a brokerage account and get up to $1,000. Terms apply. Open a new eligible E*TRADE brokerage account, fund your account within 60 days of opening, and earn a cash bonus of up to $1,000, depending on the size of your deposit. Offer good for one use per customer, on a single account. Please read full terms and conditions on our website. |
4.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
4.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
Best For:
$0 mutual fund commissions |
Commission:
$0 per trade |
Learn More for J.P. Morgan Self-Directed Investing
On J.P. Morgan Self-Directed Investing's Secure Website.
Special Offer
Earn a bonus up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account (retirement or general) with qualifying new money by 7/22/2025. |
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
Best For:
Low margin rates |
Commission:
As low as $0 stock trades |
Learn More for Interactive Brokers
On Interactive Brokers' Secure Website. |
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
Best For:
Full-service brokerage |
Commission:
$0 stock, ETF, and Schwab Mutual Fund OneSource® trades. No fees to buy fractional shares. |
|
5.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
5.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
Best For:
Research tools |
Commission:
$0 commission for online U.S. stock and ETFs*. No account fees****. |
On E*TRADE's Secure Website.
2025 Award Winner
Commission-free; other fees apply
$0
Open and fund a brokerage account and get up to $1,000. Terms apply.
On E*TRADE's Secure Website.
Why E*TRADE from Morgan Stanley made the list: E*TRADE from Morgan Stanley was one of the first online brokers, and offers a ton of investment products and account types, including joint investment accounts. E*TRADE from Morgan Stanley has one of the most feature-packed investment platforms in the industry, offering third-party stock research and lots of educational resources.
And for people who need a little extra guidance, it is one of the few major brokers to have a network of physical branches.
On J.P. Morgan Self-Directed Investing's Secure Website.
A no-frills platform with $0 mutual fund fees, J.P. Morgan Self-Directed Investing offers easy trading, an optional robo-advisor, and seamless Chase integration.
$0 per trade
$0
Earn a bonus up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account (retirement or general) with qualifying new money by 7/22/2025.
On J.P. Morgan Self-Directed Investing's Secure Website.
Why J.P. Morgan Self-Directed Investing made the list: J.P. Morgan Self-Directed Investing can be an excellent place to open a joint investment account, especially for existing Chase banking and credit card customers. J.P. Morgan has a user-friendly investment app, and gives clients access to J.P. Morgan's proprietary stock research.
It is one of the few brokers to charge $0 commissions on all mutual funds, and clients can get customer service in several convenient ways -- including in-person help at Chase branches.
On Interactive Brokers' Secure Website.
A great low-cost option for small trade volume. While the interface isn't as clean or modern as that of other brokers, it gets the job done. Interactive Brokers is also a great choice for options investors, traders, and those trading on margin.
As low as $0 stock trades
$0
On Interactive Brokers' Secure Website.
Why Interactive Brokers made the list: Interactive Brokers could be the best place to open a joint account if at least one of the account owners is an experienced investor. It offers one of the highest-rated trading platforms, has some of the lowest margin interest rates in the industry, and has some unique features, such as the ability to buy and sell stocks directly on dozens of international exchanges.
Charles Schwab pioneered the low-cost brokerage model decades ago, and that legacy continues with its lineup of no-commission-fee offerings. The robust lineup of account types, investment vehicles, and high quality app round out the stacked feature set.
$0 stock, ETF, and Schwab Mutual Fund OneSource® trades. No fees to buy fractional shares.
$0
Why Charles Schwab made the list: Charles Schwab is one of the largest brokers in the world, and was the pioneer of the "discount brokerage" model several decades ago. It offers a full range of investment products and account types, and has one of the top trading software platforms (thinkorswim). It has an unmatched library of educational resources, research, and investing tools.
While its app and web-based platforms aren't quite as easy to navigate as some of the others mentioned here, Schwab makes up for it with all of its valuable features.
Fidelity’s brokerage account offers free tools and $0 commission for online U.S. stock and ETF trades.* Investors can access a wide range of options, from stocks and mutual funds to crypto. Get an all-in-one view of live data and charts with the Fidelity Trading Dashboard, set up recurring investments, and enjoy 24/7 support from investing professionals. You can also potentially earn more on uninvested cash with a money market fund.**
$0 commission for online U.S. stock and ETFs*. No account fees****.
$0****
Why Fidelity made the list: Fidelity is one of the largest and longest-established financial services firms in the U.S. Fidelity offers joint investment accounts, as well as pretty much any other type of brokerage account you can think of.
It offers independent research reports from over 20 different firms, has a library of educational resources, and allows for fractional share trading, which can make it easier for beginners to get started.
There are some good reasons why you might want to open a joint brokerage account, but there are also some key drawbacks to consider.
The process for opening a joint brokerage account is the same as for an individual brokerage account, with a few exceptions. Make sure that the broker you want to use allows the opening of joint accounts and gather the personal information of both people opening the account. Then follow these steps:
A joint brokerage account is an investment account that is owned by two or more account holders. The most common use of a joint account is to open one with a spouse or partner, but this doesn't have to be the case.
In any event, a joint brokerage account allows multiple people to have control over investment decisions, deposits, withdrawals, and more.
It's important to note that there are some types of brokerage accounts that can never be joint accounts, regardless of the broker's policy -- specifically IRAs. After all, IRA stands for individual retirement account.
Opening a joint brokerage account requires a bit more research to make sure a particular broker supports joint accounts, but there can be some good reasons why you might want to open one. And finding the broker that is the best fit for you can make a world of difference.
Brokerages we evaluated for consideration on this page: Acorns, Ally Invest, Axos Self-Directed Trading, Betterment, Cash App Investing, Charles Schwab, Delphia, Domain Money, Ellevest, Empower, eToro Brokerage, E*TRADE Core Portfolios from Morgan Stanley, E*TRADE from Morgan Stanley, Fidelity, Fidelity Cash Management, Fidelity Go®, Firstrade, FOREX.com, Interactive Brokers, J.P. Morgan Self-Directed Investing, M1 Finance, Magnifi, Marcus Invest, Merrill Edge® Self-Directed, Moomoo, NinjaTrader, Personal Capital, Plynk, Prosperi Academy, Public, Robinhood, Rocket Dollar, Schwab Intelligent Portfolios, SoFi Active Investing, SoFi Robo Investing, Stash, Stockpile, tastytrade, Titan, Tornado App, TradeStation, Tradier, Vanguard, Vanguard Digital Advisor®, Wealthfront, Webull, Zacks Trade.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands. Terms may apply to offers listed on this page.
E*TRADE services are available just to U.S. residents.
J.P Morgan Disclosure
INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
Interactive Brokers disclosure:
The inclusion of Interactive Brokers’ (IBKR) name, logo or weblinks is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Fidelity disclosure
Investing involves risk, including risk of loss
* - $0.00 commission applies to online U.S. equity trades and exchange-traded funds (ETFs) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (historically from $0.01 to $0.03 per $1,000 of principal). Other exclusions and conditions may apply. A limited number of ETFs are subject to a transaction-based service fee of $100. See full list at (https://www.fidelity.com/trading/commissions-margin-rates). Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Institutional® are subject to different commission schedules.
Fidelity Crypto® is offered by Fidelity Digital Assets®. Investing involves risk, including risk of total loss. Crypto as an asset class is highly volatile, can become illiquid at any time, and is for investors with a high risk tolerance. Crypto may also be more susceptible to market manipulation than securities. Crypto is not insured by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation. Investors in crypto do not benefit from the same regulatory protections applicable to registered securities. Fidelity Crypto® accounts and custody and trading of crypto in such accounts are provided by Fidelity Digital Asset Services, LLC, which is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business (NMLS ID 1773897). Brokerage services in support of securities trading are provided by Fidelity Brokerage Services LLC (“FBS”), and related custody services are provided by National Financial Services LLC (“NFS”), each a registered broker-dealer and member NYSE and SIPC. Neither FBS nor NFS offer crypto as a direct investment nor provide trading or custody services for such assets. Fidelity Crypto and Fidelity Digital Assets are registered service marks of FMR LLC.
***Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read (https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document). Supporting documentation for any claims, if applicable, will be furnished upon request.
****Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. See (https://www.fidelity.com/trading/commissions-margin-rates) for further details.
