Best Online Brokers for IPO Investing

Not all brokerages are alike when it comes to IPO investing. So when it comes to the best online brokers for IPO investing, which ones give you the most access?

The best brokerages give IPO access to all U.S.-based investors that have an account… regardless of the amount of assets in the account.

The worst require high account balances for existing wealthy customers or have no access to IPOs at all.

Shares of high-demand IPOs are hard to acquire no matter what broker you use.

The purpose of this page is to sort through various brokerages to determine which ones can give you access to IPOs, and spell out what it takes to be eligible.

In recent years, a new group of brokers has emerged that offer access to IPOs with lower account minimums. However, these brokers have not demonstrated the ability to distribute meaningful allocations for high-demand IPOs, mostly lesser-known IPOs and secondary offerings.

Below is a quick comparison table with the known IPO investing policy of each broker.

Broker	Eligibility	Take Action
	$500 account minimum Partnered with ClickIPO Full-service brokerage	Learn More →
	$3,000 minimum balance across all accounts Strict 30-calendar-day anti-flipping policy	Learn More →
	Available to ALL customers; $0 account minimum Randomized share allocations for select IPOs Flipping shares within 30 days of the IPO will result in restricted IPO access for the next 60 days. Read more: Robinhood IPO Access.	Learn More →
	$100 account minimum 2 free stocks for new accounts with $100 Partnered with ClickIPO  Read more: Webull Review	Learn More →
	$250,000 Account Minimum or 30 trades in 3 months Accounts must meet certain eligibility requirements Pending litigation may limit some access	Learn More →
	$500,000 Account Minimum (Credit Suisse) $100,000 (KKR) Excludes 401(k), 403(b), annuities	Learn More →
	$100,000 Account Minimum or 36 Trades in last 12 months Now a commission-free brokerage Pending litigation may limit access
	Reg A+ IPO crowdfunding specialty Open account or invest via escrow Low minimums vary per deal	Learn More →
	No account minimum, however; Investors must answer a questionnaire provided by the underwriters which determines eligibility. Eligibility varies.

Note: The Robinhood investing app does not currently offer IPOs. However, a Robinhood IPO is expected in 2021 and the company is weighing offering IPO shares to its customers.

The information in the table above was acquired through public information on broker websites. Some information was determined through conversations with customer service. Information may not be 100% accurate and is subject to change.

If you have information you’d like to add, including your experience investing in IPOs at certain brokers, or have an opinion on the best online brokers for investing in IPOs, please contact me.