Brokers

5 Best Stock Brokers in Europe for 2020

Best Stock Brokers in Europe

Disclaimer: Investing puts your capital at risk. Note that we might be compensated by some of the companies we mention. However, our opinions are our own.

Finding the best stock broker in Europe for your investment needs can be a daunting task. With so many online brokerage firms claiming to be the best, settling on just the right choice has become an almost impossible job for many new investors.

In a bid to help match you with the best broker in Europe, we analysed several top stock and ETF trading platforms and compared them for price, products, ease of use, mobile trading, and much more.

Read our full review and comparison below, with the pros and cons of each European broker.

📢 If you’re an active CFD or forex trader looking for more advanced options, check out our ranking of the best trading platforms in Europe for 2020.

Without further delay, let’s just jump straight to the list of the best online stock brokers for Europeans.

These Are the Best Stock Brokers in Europe

  • DEGIRO: Best overall stock broker in Europe. DEGIRO offers stock trading at record-low fees and zero-commission ETF investing with no strings attached. This broker is great option for price-conscious buy-and-hold investors and beginners.
  • Interactive Brokers: Best for experienced investors and high-volume traders. Interactive Brokers is a highly trusted US-based discount broker available in most of Europe. It sports an unparalleled selection of products, is regulated by eight financial authorities, and offers low-cost trading in a professional setting.
  • eToro: Best broker choice for zero-commission stocks and ETFs for EU and UK citizens. With over 12 m clients, eToro provides an easy-to-use, beginner-friendly platform with a broad range of equity markets. Also a great choice for copying professionals and social trading.
  • Trading212: Best broker in Europe for new traders and mobile trading. Trading 212 boasts zero-commission trading of 1,800 instruments, including real stocks and ETFs, and CFDs on forex, crypto indices, and commodities. Well-rounded broker choice for ambitious new traders and investors.
  • Revolut: Mobile banking provider with limited selection of stocks (U.S only). Revolut is viable choice for absolute beginners as it offers free investing, plus free currency exchange, commodities, and cryptocurrencies.

DEGIRO: Top Discount Stock Broker For Europeans With Commission-Free ETF Trading

Disclaimer: Investing involves risk of loss.

Claiming more than 450,000 investors and 65 international rewards, Amsterdam-based DEGIRO tops our ranking as the best discount broker in Europe.

DeGiro: Top online broker in Europe with low fees for stocks and etfs

The main appeal of DEGIRO: rock-bottom low trading fees and industry-leading commission rates for popular securities like stocks and ETFs.

On top of that, there’s no minimum deposit, no minimum trading requirement, and no inactivity fee for using this top European online broker.

As such, it shouldn’t come as any major surprise that the stated goal of the company is to make “global trading accessible and affordable” for everyone.

What we like:What we don’t like:
✔️ Extremely low fees❌ No credit card deposits
✔️ Commission-free ETF trading❌ Limited product range for pro traders
✔️ Easy-to-use web platform❌ Slow costumer support
✔️ Great for buy-and-hold investors
✔️ 4.5 star rated mobile app
✔️ Low fees on dividens

Compared to other brokers, DEGIRO’s boasts of an elegant, easy-to-use online platform that provides an outstanding, all-around trading experience.

When it comes to trading on the go, DEGIRO operates an award-winning, smooth mobile app with a 4.5 star user-rating.

All in all, DEGIRO has become highly popular discount broker in Europe for its attractive commission schedule and great selection of international shares and ETFs.

DEGIRO Overview

Trading feesLow
Products Shares, ETFs, bonds, options, futures, leveraged products
Supported countries Česká Republika, Danmark, Deutschland, España, Ελλάδα, France, Ireland, Italia, Nederland, Norge, Magyarország, Österreich, Polska, Portugal, Suomi, Sverige, Switzerland, United Kingdom.
RegulationThe Netherlands Authority for the Financial Markets (AFM)
Mobile trading app rating4.5 Google Play. 4.4 App Store.
Educational materialLimited
Minimum deposit0
Inactivity feeNo
Time to open account24 hours
Supported currenciesCHF, CZK, DKK, EUR, GBP, HUF, NOK, PLN, SEK
Demo accountNo

Who can register?

At this time, you are able to open an account with DEGIRO if you are a resident in one of the following countries:

  • Austria, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Norway, Poland, Portugal, Spain, Sweden, Switzerland, the Netherlands, the United Kingdom.

DEGIRO Commissions and Fees

Trading fees are usually complicated to figure out. Let’s break things down and look at a few examples. However, please go to DEGIRO’s website for the most up to date information.

Fee-Free services

Let’s start on a positive note. DEGIRO charges no fees for account opening or closing, deposits, withdrawals, annual maintenance, custodial services, account inactivity, or maintaining your account.

Commission-free ETF trading

Fee-free services aside, DEGIRO is also popular for its commission-free ETF trading offer. Each month, clients can buy or sell a number of popular trackers almost free of charge, regardless of the order size.

Any additional ETF trades made in that same month will also be commission-free as long as: the trade is made in the same direction (buying or selling) as the previous ETF trade made that month, and the value of the order is greater than €1,000.

What you pay for trading

Despite these perks, trading with DEGIRO isn’t cost-free. The price for buying and selling securities depends on a number of different factors, including your account type and country of registration.

There are several account types, but beginners will most likely be using the ‘Basic’ account, so we’ll use that as our reference.

  • The cost for trading any international ETF is a €2 flat fee plus 0.03% of the total order value.
  • Costs for trading stocks vary a great deal more. When trading stocks on the London Stock Exchange, you pay £1.75 plus 0.022% on each trade, with a maximum of £5.00. When trading on Deutsche Xetra, you pay €4.00 plus 0.05%, with a maximum charge of €60 per trade.
  • For Austria, Belgium, Denmark, Finland, France, Ireland, Italy, The Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, the cost for trading stocks is also €4.00 plus 0.05%.

On top of that, you pay a yearly connection fee and an exchange fee, if your base currency is not the Euro.

Connection fees

DEGIRO has a connectivity fee of €2.5 per year for each exchange you trade on, except for the London Stock Exchange incurs no connectivity fee.

For example, if you trade on NYSE, Eurex, and SIX, you pay €7.5 in connectivity fees per year.

Currency Exchange Fees

When depositing money on DEGIRO, it must be done in your base currency.

When you want to buy or sell products in a currency different from your own, you pay a fee of 0.10% of the traded amount.

If you plan to do most of your trading in different currencies, the FX charges can add up to a substantial amount.

In this case, Interactive Brokers or Revolut might be the better choice.

DEGIRO Regulation

DEGIRO is regulated by the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB).

The company is also registered with the Chamber of Commerce and Industry in Amsterdam and with the Financial Conduct Authority (FCA) in the UK.

Products

With DEGIRO, you can trade shares, ETFs, bonds, options, futures, leveraged products. But a lot of people who sign up to DEGIRO likely do because of their monthly commission-free ETF offer.

Speculative investments like FOREX, CFDs, binary options, and crypto are not available on DEGIRO.

However, it does however offer Bitcoin and Etherum exchange-traded notes (ETNs) through the Stockholm Stock Exchange but these are limited to €60.

DEGIRO Trading Platform & App

5 Best Stock Brokers in Europe for 2020 3

Getting started with DEGIRO’s web trading platform is a pretty straight-forward procedure.

The platform is intuitive and easy to navigate and comes packed with numerous features to manage your portfolio, with real-time streaming prices from European stocks.

In essence, the platform is great for making simple trades with no extra frills.

DEGIRO also operates a critically acclaimed mobile trading app which has received high user ratings on Android and iOS.

However, there are some drawbacks. DEGIRO’s platform lacks some of the essential features you’d expect from a top European online broker, including price alerts and basic charting customisation.

We would also like to see more educational material, as this is something you’d expect from a reputable European broker these days.

DEGIRO Final Words

For cost-conscious investors with fundamental trading needs, DEGIRO makes a great choice for a discount broker in Europe because of its low fees and commissions.

When it comes to trading ETFs, shares, and bonds, DEGIRO offers a straight-forward brokerage platform and mobile trading app suitable for beginners and experienced investors looking to buy-and-hold.

However, there are some drawbacks: While DEGIRO appeals to long-term investors, frequent traders may find the products offered by this low-cost European trading platform limiting.

The fact that DEGIRO focuses on being a discount broker may be why it has a very limited supply of educational materials and offers clients slower customer service than its competitors.

Still, DEGIRO is one of the few discount brokers in Europe that offers commission-free ETF trading and charges no fees for deposits, withdrawals, or maintenance, and it has no minimum deposit or inactivity fees.

Interactive Brokers: Best Discount Broker For Serious Investors in Europe

5 Best Stock Brokers in Europe for 2020 5

If you’re a high-volume investor or active trader with some experience under the belt, Interactive Brokers may be the right low-cost broker for your needs.

Boasting over 607,000 clients worldwide, Interactive Brokers offers highly-attractive margin rates and a broad range of popular securities for trading, including international stocks, ETFs, FOREX, bonds, funds, options, futures, CFDs, leveraged products, warrants, metals, crypto futures – and automated robo-portfolios.

60.5% of retail investor accounts lose money when trading CFDs with this provider.

If you’re searching for a reputable stock broker for Europeans similar to DEGIRO but want more products, premier technology, highly advanced tools, detailed charting, and great customisation options, Interactive Brokers is the online broker you can go ahead with.

What we like:What we don’t like:
✔️ Tremendous amount of securities for trading❌ Small inactivity fees
✔️ Access to US-based products for Europeans❌ No credit card deposits
✔️ Costs drop with frequent trades with tiered-pricing plan❌ No free trading offers for European clients
✔️ Low currency-conversion fees❌ Platform and services can be difficult for beginners
✔️ Traders Workstation provides industry-leading tools and customisation for pro traders❌ Mobile app has received average ratings
✔️ Client Portal, robo-advisor, and fixed rate-plan for beginners and occasional traders
✔️ Unbeatable margin rates

Interactive Brokers is often hailed for its appeal to advanced traders looking to cut fees and commissions to a minimum, as prices will drop to rock-bottom when you trade a lot.

However, Interactive Brokers has made a great effort to appeal to newer investors and small-scale traders with their intuitive Client Portal trading platform and fixed rate pricing plan.

Interactive Brokers Overview

Trading feesLow
Products Stocks, ETFs, FOREX, bonds, funds, options, futures, CFDs, leveraged products, warrants, metals, crypto
Supported countries Most European countries
RegulationSecurities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange, the Financial Conduct Authority (FCA) in the UK.
Mobile trading app rating3.6 Google Play. 3.6 App Store.
Educational materialPlenty
Minimum deposit0
Inactivity feeYes
Time to open account72 hours
Base currenciesEUR, GBP, USD and several others
Demo accountYes

Interactive Brokers Fees

Trading fees are usually complicated to figure out. Let’s break things down and look at a few examples. However, please consult Interactive Brokers’s website for the most up to date information.

Fixed & Tiered

For starters, Interactive Brokers has two fee systems: Fixed and Tiered.

The Fixed plan is aimed at occasional traders, while the Tiered plan aims to attract frequent traders with lower prices for high-volume trading.

Fixed Rate Pricing
  • Charges a fixed rate low commission per trade or a set percent of the trade value.
  • Includes all IB commissions, exchange and regulatory fees.
  • Suitable for smaller accounts
  • No difference in price for stocks and ETFs in most cases.

Buying a Euro-denominated ETF on most European stock exchanges will set you back 0.10% of the trade value. The minimum commission is usually €4. The maximum that you can pay is usually €29.

Tiered Pricing
  • Charges a variable fee which decreases depending on how much you trade.
  • Exchange, regulatory, and clearing fees are charged on top.
  • Suitable for frequent trades and large accounts.
  • No difference in price between stocks and ETFs in most cases

The tiered pricing model is geared towards high-volume traders, as the commission decreases depending on volume.

If your monthly trade volume is below €50,000,000, you pay around 0.05% of the trade value for Euro-based products. The minimum commission €1.25. The maximum around €29.

On top of that, you pay a clearing fee of €0.1, plus exchange fees if your base currency is not the Euro.

Custodial fees

For both the fixed and tiered plan, you pay Interactive Brokers $10 in custody fees per month. However, if you account value is above $100,000, there are no custody fees.

Any commissions incurred for trading will be subtracted from that amount. So if you paid $7 in trading fees, you’ll pay $3 in monthly maintenance fees.

Web Trading Platform

Interactive Brokers has two browser-based trading platforms: the Trader Workstation and the Client Portal.

The Workstation is for pro traders and comes with a broad range of powerful analytical tool.

The Client Portal is great for newer traders, as it has a much less scary interface than that of the pro Trader Workstation but still gives you access to everything you need.

As of 2020, the Client Portal supports multiple languages, including Dutch, English, French, German, Italian, Russian, Slovakian, and Spanish.

Mobile Trading App

Interactive Brokers Mobile Trading App

Interactive Brokers’ mobile trading platform comes with features and functionalities to manage your assets and trading needs on the go.

The main highlight: the intelligent IBot which can be used for practically everything, including looking up information, pulling charts, and delivering orders.

That said, the app has been criticised for being difficult to navigate, and it does feel a bit bloated.

Interactive Brokers Regulation

Interactive Brokers is regulated by multiple financial authorities, including the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange, the UK Financial Conduct Authority (FCA).

Products

Interactive Brokers gives you access to a long range of popular trading products at low costs, including stocks, ETFs, FOREX, bonds, funds, options, futures, CFDs, leveraged products, warrants, metals, and cryptocurrencies.

Interactive Brokers Final Words

Interactive Brokers is a great broker choice for Europeans with some trading experience, as well as for upper beginners looking to take things to the next level.

As a global broker, it offers almost every investment product that you might be interested in, with rock-bottom commissions and account fees.

For smaller buy-and-hold investor accounts, Interactive Brokers might not be the right option. It charges an inactivity fee of $10 per month if you have less than €100K in your account or if fail to produce $10 in trading commissions.

Still, for most active traders, generating $10 in commissions is probably not an issue. And if you’re starting to feel the limitations of your current broker, Interactive Brokers is the next place to go.

eToro: 0% Commission Stock & ETF Trading Platform for EU and UK

eToro - Zero Commission stocks & etfs

With more than 12 million users, eToro has grown to become one of the most popular platforms in Europe for commission-free ETF and stock trading with no strings attached.

62% of retail investor accounts lose money when trading CFDs with this provider.

Besides stocks and ETFs, eToro offers a broad range of others markets for trading, including crypto assets, commodities, forex and CFDs. However, the key feature of this platform is the ability to do social trading. With social trading, clients can copy the strategies of successful traders automatically.

eToro is regulated by multiple financial authorities: in Europe by the Cyprus Securities and Exchange Commission, in the UK by the Financial Conduct Authority, and in Australia by the Australian Securities and Investments Commission. 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with eToro EU and 66% with eToro UK. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What we like: What we don’t like:
✔️ 0%-commission stock and ETF trading in EU & UK❌ $5 withdrawal fee
✔️ Social experience through copy trading❌ Only USD as base currency
✔️ Great selection of crypto❌ High exchange fees
✔️ Low fees for CFDs❌ No live chat support
✔️ Excellent charting❌ Limited customisation
✔️ 24 hours phone & email support

The major drawback of using eToro are the fees charged for exchange into USD which is the only base currency used for accounts.

eToro Overview

Trading feesLow
Products Stocks, ETFs, indices, crypto, forex, commodities, CFDs
Supported countries All of Europe (minus Serbia)
RegulationFCA (UK clients), ASIC (Australian clients), CySEC (EU clients & others).
Mobile trading app rating4.1 Google Play. 3.5 App Store.
Educational materialMedium
Minimum deposit$200
Inactivity feeYes
Time to open account48 hours
Base currenciesUSD
Demo accountYes

eToro fee schedule for stocks and ETFs

The broker only offers one type of account. However, different fees may apply depending on your country of registration. For this review, we will only be touching upon the fees for non-leveraged positions, and not CFDs.

Commission-Free Trading

For European and UK clients, eToro offers commission-free stock and ETF trading, with no management fees, ticket fees or roll-over fees for non-leveraged positions.

Fee Structure

Currency conversion: When topping up your account in a currency other than the USD, you pay a conversion fee in the form of pips (percentage in points). The precise pip depends on the deposited currency. This also applies to withdrawals.

For example, depositing €10,000 using the conversion rate of €1 to $1,08 returns 10,800 USD before conversion fees are applied. The platform charges 50 pips equal to 0.5% or $54 which leaves you with $10,746 to trade for.

Inactivity fee: The broker charges a $10 monthly inactivity fee for accounts deemed inactive for 12 months.

Withdrawal fee: There’s a $5 withdrawal fee when pulling out funds.

Let’s take a look at two examples taken from the website:

Stock & ETF purchase example:

  • Open BUY (Long) position
  • Leverage: x1
  • Initial Investment: 1,000 USD
  • APPLE STOCK (AAPL) Ask rate: 250 USD
  • Position: Open 4 units AAPL BUY
  • Commission: No
  • Overnight fees: No
  • Total fees: 0 USD

Crypto example:

  • Open Buy (Long) position
  • Leverage: x1
  • Initial Investment: 1,000 USD
  • BTC Ask rate: 8,000 USD
  • Position: 1,000 USD / 8,000 USD = Open 0.125 units BUY
  • eToro Typical Spread for BTC: 0.75%
  • Overnight fees: No
  • Total fees: 0.75% * 8,000 USD * 0.125 units = 7.50 USD

Regulation & Safety

eToro is authorised by multiple regulatory bodies:

  • UK clients are served by eToro (UK) Ltd, a Financial Services Company authorised and regulated by the Financial Conduct Authority (FCA) under the licence FRN 583263.
  • Australians through eToro AUS Capital Pty Ltd. is authorised by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services Licence 491139.
  • Everyone else, including European customers, are served by eToro (Europe) Ltd., a Financial Services Company authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under the licence # 109/10.

However, eToro’s financials are not made public, and the broker is not listed on any stock exchange. Moreover, investors should be aware that the Terms & Conditions state that client funds may be held in a bank account located outside the EEA. In the event of insolvency of that bank, your money may be treated differently than it would in the EEA (T&C 1.15.4)

Trading Platform

eToro is a Social Trading Platform
Disclaimer: Past performance is not an indication of future results.

eToro runs a versatile and easy-to-use web trading platform developed for simplicity over complexity.

Social trading is the unique key selling point of this broker, as it allows clients to copy and learn from other people’s strategies and invest in CopyPortfolios within a few clicks.

For analysis, the platform provides excellent charting tools, with 66 indicators and drawing tools for precise measuring.

Watch lists are customisable and can be saved for later use. Since eToro is a social platform, users can follow other client orders in real-time, and adjust their position accordingly.

There are some drawbacks. News streaming is sub-par, taking shape of a social feed created from user posts. Since eToro trading platform is proprietary, it cannot be connected with advanced tools such as MetaTrader.

Mobile platform

eToro’s mobile version on iOS and Android comes with basic customisation and charting functions. Overall, the mobile experience leaves room for improvement. The social element, the flagship product of eToro, is almost completely left out, with limited access to other client buying and selling data.

Still, the apps come with price alerts and push messages to keep track of developments in real time.

Markets

eToro has a diverse product catalogue which includes over 1,500 shares, a solid number of popular ETFs, and 77 cryptocurrencies for trading. Non-leveraged positions of stocks, ETFs and crypto are traded as real equity. Meaning the asset is purchased and held in your name. This includes fractional share purchases, as eToro will let you invest part of a share for a minimum of $50.

You can trade on 16 exchanges: 

  • Amsterdam
  • Copenhagen
  • Euronext Brussels
  • Euronext Lisbon
  • Frankfurt
  • Helsinki
  • Hong Kong
  • London
  • Madrid
  • Milan
  • NYSE
  • New York Tech
  • Oslo
  • Paris
  • Saudi Arabia
  • Stockholm
  • Zurich

We won’t be delving deep into eToro’s CFDs in this article. But to give you a quick overview, the broker offers around

  • 47 forex pairs
  • 13 indices
  • 1,900 stock CFDs
  • 19 commodity CFDs
  • 77 cryptocurrency CFDs

Users should be aware that the pre-set leverage are high, but that they can be lowered manually.

eToro Final Words

Following the growing trend of zero-commission, real stock trading in Europe, eToro offers a solution for investors with fundamental requirements, as well as for speculative traders eyeing leveraged products.

With more than 12 million users, eToro has grown to become one of the most popular platforms in Europe for commission-free ETF and stock trading with no strings attached.

62% of retail investor accounts lose money when trading CFDs with this provider.

One of the noteworthy downsides to this broker are high currency exchange fees. European clients will be annoyed that eToro only uses USD as the base currency, meaning all deposits are forced into conversion with no flexibility.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

Revolut: Commission-Free Stock Trading in Europe

Revolut trading platform review
Source: Revolut

Revolut is a UK fintech company that has become famous for its fee-free, mobile currency exchange and banking services.

But here’s a little-known fact: Revolut offers commission-free stock trading with no hidden fees.

With the free-to-open Standard account you get 3 commission-free trades per month, while Premium customers can enjoy 8 free stock trades.

Any additional trades made in that same month will set you back only €1 per trade.

For Metal customer, there’s no limit. You can buy and sell as much as you’d like.

Ampleinvest.com has made a special deal with Revolut: Sign up through the below link to cut the delivery fee and get your card sent free of charge.

For now, the list of stocks on Revolut is limited to 300 U.S ones listed NASDAQ and NYSE.

However, the company plans to include U.K. and European stocks and ETFs in the near future.

What we like:What we don’t like:
✔️ Commission-free stock trading❌ No European stocks or ETFs
✔️ Free to open lowest account tier❌ Limited range of products
✔️ Suitable for beginners❌ Few benefits in Metal over Premium
✔️ Zero exchange fees (up to €6,000 per month)❌ No research or educational tools
✔️ Tiny spread
✔️ Support for crypto and gold

While you might think there’s a hidden spread involved, stock prices on Revolut come very close to the real-time streaming rate.

Revolut Trading Review & Overview

Trading feesUp to unlimited free trades
Products Stocks, crypto, commodities
Supported countries Most European countries
RegulationThe UK Financial Conduct Authority (FCA). E-money licence.
Mobile trading app rating4.8 Google Play. 4.8 App Store.
Educational materialNone
Minimum deposit0
Inactivity feeNo
Time to open account48 hours
Base currenciesEUR, GBP, USD and several others
Demo accountNo

Revolut Trading Fees

First: Opening a Standard Revolut account is free-of-charge.

With the free plan, you’ll be able to convert up to €6,000 per month at the inter-bank exchange rate into USD (and 28 other currencies) without any hidden fees.

This means there’s no FX fees or mark-up involved when trading US stocks on the mobile app.

Currencies are exchanged at the same rate you find on Google.

Revolut charges no commissions for buying or selling the number of free stock trades included in your account type.

However, Revolut charges a minimal 0.01% yearly custody fee based on the value of your portfolio. When selling, US trading authorities are required to charge $0.01 fee per sale.

Features and Card Tiers

Revolut is a multifaceted fintech service provider that aims to revolutionise the banking industry. In fact, the company has been called the Swiss Army Knife of banking.

Besides stock trading, the app comes packed full of features, including free currency exchange, multi-currency Debit Cards, while paid customers get free travel and medical insurance, disposable virtual cards, free perks, and much more.

5 Best Stock Brokers in Europe for 2020 7

Revolut Final Words

Revolut scores high on the fee scale. It’s practically free to trade stocks within the app (within the limits of your account type).

Opening an account only takes a few days and requires no pesky phone calls or face-to-face contact.

But since users can only trade single US stocks, Revolut may not be the right fit for your trading needs.

Trading212: Most Downloaded Mobile Trading App in Europe With Commission-Free ETFs & Stocks

5 Best Stock Brokers in Europe for 2020 9

Boasting more than 14 million downloads and 4.6-star user rating, Trading 212 has grown to become one of the most popular trading apps in Europe.

Key among its unique range of features is the ability to buy and sell over 3,000 international stocks and ETFs commission-free. In addition to this, the firm offers fractional stock trading from as little as €1 per share.

Disclaimer: 80% of retail investor accounts lose money when trading CFDs with this provider

For active investors, Trading 212 has more than 1,800 different CFD instruments for trading at tight spreads and low commissions, including over 150 Forex pairs, a huge range of cryptocurrencies, stocks, indices and commodities.

For the CFD account, make sure you understand how trading works to minimise the risk of losing money.

As such, Trading 212 is on a self-declared mission to democratise the financial markets with its, easy-to-use apps, enabling long-term holders and active traders to trade equities at low costs.

What we like:What we don’t like:
✔️ Commission-free stock and ETF trading❌ Lower leverage than some competitors
✔️ Huge selection of securities❌ No managed services
✔️ Powerful mobile trading experience❌ “Fee-Free” trades are not really free as customers pay a spread on CFD instruments
✔️ Demo account❌ Limited technology for pro traders
✔️ Tight spreads❌ Inactivity fee after 6 months
✔️ Informative Youtube videos and educational materials
✔️ Full-time customer support
✔️ Commission-free deposits and withdrawals

The minimum deposit to open an account is €10. However, Trading 212 has a demo version for practising before committing any real funds to the platform.

Trading 212 Review & Overview

Trading feesLow
Products Stocks, ETFs, CFDs
Supported countries Most European countries
RegulationThe UK Financial Conduct Authority (FCA).
Mobile trading app rating4.6 Google Play. 4.5 App Store.
Educational materialYoutube channel
Minimum deposit€10
Inactivity feeYes
Time to open account48 hours
Base currenciesEUR, GBP, USD and several others
Demo accountYes

Account Types & Fees

Trading 212 offers three account types with different features and commission rates for each. We’ll focus on two of them: Trading 212 Invest and Trading 212 CFD.

Trading 212 Invest

With the Trading 212 Invest account, you get access to more than 3,000 stocks and ETF that can be traded with no commission, no upper limits, no inactivity fees, and no custody fees.

It also provides a routing system with direct execution.

Details For ‘Invest’:
  • Minimum deposit: EUR 1, USD 1, GBP 1
  • Minimum bank wire deposit amount: EUR 10, USD 10, GBP 10
  • Deposit fee: No
  • Minimum withdrawal amount:EUR 1, USD 1, GBP 1
  • Withdrawal fee: No
  • Minimum trade: 1 share
  • Leaving a position open overnight: No fees
Trading 212 CFD

The CFD (contract for difference) account offers leveraged trading on around 1,800 instruments, including stocks, 150 forex pairs, cryptocurrencies, indices, and commodities.

Margin requirements will vary for your open positions depending on the instrument. Your account will be credited or debited with an interest swap on a daily basis

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Details for CFD
  • Minimum deposit: €10, $10, £10
  • Deposit fee: No
  • Minimum withdrawal: €10, $10, £10
  • Withdrawal fee: No
Trading Terms
  • Leaving an open position for the next day:For your open positions Trading 212 will credit or debit your account on a daily basis with an interest SWAP
  • Currency conversion charge: 0.5%
  • Commission charges:No commission charges
Margin requirements
  • Margin requirement for open positions: Depends on trading instrument (see full list on Trading 212’s website)
  • Forex: For major currency pairs – 3.33%; For non-major currency pairs – 5%
  • Commodities: Gold – 5%; Other commodities – 10%
  • Stocks: 20%
  • Indices: Base indices – 5%; Non-major indices – 10%
Regulation

Trading 212 was established under Avus Capital in 2004 in Bulgaria. Ultimately, Trading 212 is privately held and owned by Ivan Ashminov and his business partner.

The firm regulated by the Financial Supervision Commission with register number RG-03-0237. Furthermore, Trading 212 UK Ltd. is registered in England and Wales, authorised and regulated by the Financial Conduct Authority, FCA (Register number 609146).

All clients’ funds are kept separately in segregated bank accounts and are covered by the Financial Services Compensation Scheme, FSCS (Trading 212 UK Ltd.) and the Investors Compensation Fund, ICF Bulgaria (Trading 212 Ltd).

In the event of default, the FSCS compensation is up to GBP 85 000 and the ICF Bulgaria compensation is up to 90% (but limited to EUR 20 000) of the client’s funds.

Mobile Trading Platform
Trading 212 Platform Review

Though most popular for its mobile app, Trading 212 offers a feature-packed web-based trading environment with access to over 1,800 available instruments. Besides a host of features and functionalities, the layout simple and easy to navigate.

Whereas most competitors depend on the MetaTrader softwar, Trading 212 operates its own proprietary platform. There you find all the industry-standard tools you’d expect for analyysing and charting, including a news feed and economic calendar with important dates.

And as something unique, the company has its own Google Chrome extension, emulating the mobile version within the browser.

Features:

  • Easy-to-navigate layout
  • Built-in candlestick patterns and template charts
  • 5 chart types
  • 55 indicators
  • 20 drawing tools.
Mobile trading app

Trading 212 seeks to provide a ‘true’ mobile trading experience for its costumer base on Android and iOS devices. The app has been well recieved, with a 4.5-star rating on both Apple and Google Play.

The app comes packed full of features: watch list screening, tutorials for learning, and much more. However, it does not include a news feed and has very few research tools.

It also provides automated trading through the robot trading application Pro Quant which is interesting if like social trading.

Featuress:

  • 43 indicators
  • 19 drawing tools for customized charting
  • Customizable watchlist that syncs with the browser platform
  • ProQuant integration for robo-trading
Trading212 Final Words

Like, eToro, Trading 212 is one of several brokers in Europe that now offer zero-commission share and ETF trading, 24 hours support, and great mobile access.

From a user side, Trading212 has recieved excellent customer reviews on Trustpilot, as well as on the apps stores of Android and Apple.

With the promise of a zero-commision model there are some things to keep in mind. Spreads on this platform can be difficult to keep track of and quickly amount to confusion, large debits and needless losess. Also, the company could do a lot more to improve its transparency and possibly go public for optimzal scrutiny.

Best Trading App Europe

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