Brokers Trading

Top 5 Trading Apps in Europe for 2021 (My Picks)

Mobile trading is on the rise in Europe. But how do you find the best trading app? We reviewed the top choices to make things easier for you.

Whether you’re on Android or iOS, there’s an overwhelming amount of trading apps for us Europeans readily available at our fingertips. But browsing through them all for the perfect mobile brokerage will only leave you more confused than when you started — and with no space left on your device.

Finding the best trading app in Europe can be a tall order. So to save you the agony of deciding where to begin, I tried narrowing down the playing field by reviewing and testing the most popular trading apps in Europe for you. I’m doing my best to update the list continuously, but all information may not be 100% correct at the time of reading.

I’ve looked the top European mobile brokerage services for casual long-term investors but also for hobby traders and compared them for user experience, price, charting, markets, and much more. I then selected what I personally believe are the best trading apps in Europe for beginners and advanced traders.

These are the best trading apps in Europe

Based on years of research, here are my top picks for the best trading apps in Europe:

  • eToro: Best app for free stock and ETF investing. eToro offers zero-commission stock and ETF trades, a well-rounded mobile platform, one-click copy trading, and many years of market experience.
  • XTB: Best app for day trading and best technology. XTB’s mobile platform stands out as the top choice for day traders with industry-leading technology and access to over 1,500 CFDs at your fingertips.
  • DEGIRO: Best app for buy-and-hold investors. German-Dutch DEGIRO impresses with market-leading discount fees on equity investments, access to 30 international exchanges, and commission-free monthly ETF trades.
  • Interactive Brokers: Best app for trust and range of products. IB combines 40 years of history, thousands of products, and an all-around great user experience, all into one powerful trading app. For sophisticated investors and traders, IB is a clear winner.
  • Coinbase: Best app for trading cryptocurrencies. Coinbase offers the leading mobile app for trading cryptocurrencies. For crypto-beginners and those looking for a reputable and safe crypto broker, Coinbase is the number one choice.

These brokers deliver the best mobile experience, as they are easy to use, have a clean design, and come with great tools for executing trades and keeping an eye on the markets.

Here’s an overview of the features and regulatory status offered by the best trading apps:

BrokerBest forRegulation
eToroZero-commission stocksFCA, CySEC, ASIC
XTBDay tradingFCA, CySEC, KNF, IFSC
DEGIROBuy-and-holdAFM, DNB
Interactive BrokersTrust and most productsSEC, FCA, CSSF, CBI, MNB, ASIC, SFC, BSE, FSA, MAS
CoinbaseCryptocurrenciesMoney transmission licenses in most US states, FinCEN; FCA

You might also be interested in this ranking of the best stock brokers in Europe, the review of the best trading platforms in Europe, or explore which firms offer of commission-free trading.

eToro: Best Trading App in Europe for Free Stock and ETF Investing

US residents please note: This content is not intended for residents or citizens of the US.

Housing over 12 million users worldwide, eToro runs a beginner-friendly investment and trading app for Europeans with a broad appeal. Investors can enjoy zero-commission stocks and ETFs with no fees for opening or closing trades. The company boasts a global presence with offices around the world and is regulated by multiple financial authorities, including the FCA (UK), CySEC (EU), and ASIC (Australia).

We do not endorse Contracts for Differences (‘CFDs’), but we are required to provide the following disclaimer: 67% of retail investor accounts lose money when trading CFD’s with this provider.

eToro offers a simple and well-designed trading app for iOS and Android that is easy to understand for less experienced users. It supports 21 languages, comes with an industry-standard 2-step login, and fast syncing across devices.

  • Zero-commission real stocks and ETFs
  • Regulated by the FCA, CySEC, and ASIC
  • Accepts credit cards and PayPal

While there are no drawing tools and a limited number of indicators, making the app less suitable for advanced traders, this helps keep things ultra simple for everyday investors. Price alerts can be set with relative easy, and push notifications are also supported. The app is sometimes slow to load which causes some delays in executing trades.

Why eToro:

  • Beginner-friendly. Both the app and desktop versions are intuitive and simple to use for new investors.
  • Commission-free investing. eToro has joined the race to offer zero-commission equity investing. Citizens in the EU and UK can enjoy free stock and ETF trading, with no management fees, ticket fees or roll-over fees for non-leveraged positions. However, you still pay for exchanging currency, withdrawals, and $10 if you have been deemed inactive for 12 months. Other fees may apply.
  • Regulated. eToro is regulated by top-tier financial authorities, including the FCA in the UK, CySEC in Cyprus, and ASIC in Australia.

Risk warning

eToro is a multi-asset platform that offers both investing in stocks and crypto assets as well as trading CFD assets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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 that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.

Past performance is not an indication of future results.

Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Other fees may apply. For more information, visit etoro.com/trading/fees.

XTB: Best Trading App in Europe for Day Trading and Best Technology

Source: XTB.com

With a 4.5-star user rating and easy access to 1,500 CFD markets in a few taps, XTB’s award-winning app, the xStation Mobile, delivers the definite package of tools for busy smartphone traders. We found the app elegantly designed with easy-to-use navigation for staying on top of trades without sacrificing any core needs. During the testing period, the development team continuously added new charting tools and improved other key elements by taking feedback from its users.

We do not endorse Contracts for Differences (‘CFDs’), but we are required to provide the following disclaimer: 77% of retail investor accounts lose money when trading CFDs with this provider.

Why XTB:

  • Trusted broker. XTB is publicly traded, discloses its financials, has 10 offices worldwide, is regulated by multiple financial authorities in Europe, including the FCA, and keeps client funds segregated – making it a highly trustworthy broker.
  • Low fees for CFDs. Fees for CDFs on stocks and ETFs start from 0.08. Commissions for forex and indices are built into the spread. Popular forex pair begin at 0.1 pips (EUR/USD, GBP/USD, USD/JPY), while indices S&P500 averages 0.6 and FTSE100 around 1.1.
  • Premium technology. XTB’s xStation Mobile delivers a powerful mobile experience. The app comes with two-step order verification, price alerts, great charting tools, 10+ indicators, drawing tools, technical analysis, and a calculator for seeing pips, margin, and exposure to various risks. It also provides market news and reveals buy-sell sentiment among other XTB clients.
  • Great educational material. XTB hosts an extensive library of free videos and in-depth tutorials for beginners, intermediates, and experts to up their trading game.

DEGIRO: Best Trading App in Europe for Long-Term Investing

Founded in 2008, DEGIRO is now the low-cost broker choice of 450,000 European investors. DEGIRO has grown rapidly in popularity due to its low rates and attractive pricing schedule which includes zero fees for deposits/withdrawals, no fees for inactivity, free maintenance, low stock trading fess, and one free ETF trade per month.

Disclaimer: Investing involves risk of loss.

Perks aside, we were not too impressed by DEGIRO’s investment app on Android nor iOS, as it seems to be a container for its mobile-responsive website. While we believe the browser-based platform remains a solid choice for beginners and everyday investors, the mobile versions leaves room for improvement.

Why DEGIRO:

  • Discount prices. DEGIRO offers low trading fees for stocks, including £1.75 + 0.022% per stock trade on the LSE or €4.00 + 0.05% on Xetra, while ETFs only cost around €2 + 0.03% (actual prices depend on your region). DEGIRO also offers one free ETF trade per month (see the list of included ETFs and the terms here).
  • Great for everyday investors. Besides low costs, we think DEGIRO is a winner for private buy-and-hold investors because it does not charge any fees for inactivity, deposits, withdrawals, maintenance, or custody services.
  • Excellent online platform: The DEGIRO browser-platform is easy and intuitive to navigate for non-experts and includes a broad range of tools to keep an eye on portfolio performance.

Interactive Brokers IBKR Mobile: Best for Trust and Most Products

US-headquartered Interactive Brokers is one of the world’s largest online brokerages with a local presence in Europe. Interactive Brokers stands out from the crowd of native European brokers with its long industry track record of over 40 years, gigantic range of products, access to over 135 markets, and its sophisticated technology.

Interactive Brokers‘ mobile app is great for investors with at least some experience, as there are many features that can easily confuse newcomers. If you have a long-term passive strategy, you can easily build a diversified portfolio of stocks and low-cost ETFs. Although some practice is admittedly required, the app quickly becomes intuitive and easy to navigate.

Active traders, on the other hand, will enjoy the ton of advanced features. The app is technology-centric and comes loaded with numerous order types, several technical indicators and drawing tools, detailed market information, live news, and much more

When it comes to trust, Interactive Brokers is considered one of the most reputable brokers in the industry. Its mother company, Interactive Brokers Group, is publicly traded on NASDAQ, and the broker regulated by several top-tier financial authorities. Most of all, IB shines due to its long track record of over 40 years in business.

Why Interactive Brokers:

  • Product breadth. Interactive Brokers offers more products and access to more exchanges than any other broker.
  • Advanced toolbox. Interactive Brokers’ mobile app finishes first in class when it comes to charts and technical analysis, with the ability to apply numerous indicators and drawings to examine market movements. Navigating quickly becomes intuitive, with asset categorized classes and easy order placing.
  • Trust. Founded in 1977, Interactive Brokers boasts a long track record and has successfully weathered previous financial crises and recessions in the global economy. The parent unit of Interactive Brokers is listed on Nasdaq, and the company releases financial statements, making it a highly trustworthy broker.

Coinbase: Best Crypto Trading App in Europe

If you’re not already familiar with Coinbase, it’s safe to summarize that this exchange offers the most popular and best-known mobile app for trading cryptocurrencies. Coinbase has been around since 2012 and is considered one of the safest exchanges as it was never hacked and because it is a regulated and publicly traded company. If you’re looking to add cryptocurrency to your current portfolio, Coinbase is no doubt the easiest way to get started.

Special offer: Earn up to 6% in staking rewards on Coinbase.

I bought my first bitcoin on Coinbase but completely forgot about it until I discovered it years later – safe and sound right where I had left it. Coinbase today does feels much safer than back then, as it now offers insured custodial wallets for its users to store their cryptocurrencies. You can deposit traditional currencies like EUR and GBP and trade them to different cryptocurrencies like ether and bitcoin at competitive fees. Your cash is stored in real deposit-insured bank accounts.

🚀 If you want to leverage your trading with margin up to 5x, I recommend using Kraken. Margin means that a €1,000 trade would require an account balance of just €200. Margin is by no means risk-free, however.

Once you familiarize yourself with the Coinbase, you should move to the free Coinbase Pro version. It has a cheaper fee structure and offers more flexible options when it comes to tools, charts, and indicators. Coinbase Pro is excellent for those who have gained an understanding of Coinbase and cryptocurrency in general, and it comes with more features that more experienced traders would want.

Why Coinbase:

  • Beginner-friendly. Coinbase arguably offers the most beginner-friendly cryptocurrency trading app available in Europe.
  • Trust and reputation: As a regulated and publicly traded Nasdaq company, Coinbase stands out among the competition. Founded back in 2012, Coinbase is one of the largest cryptocurrency exchange with over 20 million users worldwide.
  • Fiat-crypto bridge: Coinbase supports most major cryptocurrencies for trading, bitcoin, ethereum and cardano, plus traditional currencies, EUR, GBP, USD.

❓ Frequently Asked Questions

Here are some frequently asked questions about the best trading apps in Europe:

What is the best stock trading app in Europe?

The best stock trading and investing apps for Europeans are eToro and DEGIRO. Both are discount brokers with attractive pricing models. eToro offers commission-free stock trading, with no markup, no ticket fee, no management fee, and has 2,000 stocks and 145 ETFs. Meanwhile, DEGIRO offers budget prices on stocks and ETFs, charges zero service fees, and provides access to several stock exchanges around the world.

What is the best free trading app in Europe?

For free trading, the best app is eToro, as it offers no-strings-attached free stock and ETF trading with zero commissions. For complete beginners, the digital bank Revolut is also a viable option, but this provider is limited to US stocks.

What is the best trading app in Europe for beginners?

The answer to this question depends on whether you want to invest or do active trading. For investors, the best apps in Europe for stocks, ETFs, and bonds are eToro, DEGIRO, and Interactive Brokers. Between the brokers, Interactive Brokers has the best in-app educational videos and tutorials but is also the youngest platform. For novice day traders, eToro has the edge, as the app comes with a demo account for practicing.

How do I choose a trading app?

The first step to select a mobile trading platform is to gather information from reviews and online discussions. Ask yourself what features are important to you. Are you looking for traditional equity investments such as stocks, bonds, and ETFs? Or do you want to trade leveraged instruments actively? With many brokers operating in different markets, it’s important to get a full picture before opening an account.

How much money do I need to start investing on an app?

Very little. Many European brokers now offer commission-free trades of stocks and ETFs, while others will let you buy fractional shares of expensive stocks from as little as €1.

Are cheaper brokers better?

While trading costs are key to frequent and high-volume traders, there is more to selecting a broker than just fees. Factors like the number of markets available, customer support, training tools, charting, and the quality and easy-of-use of the trading platform can be more important than saving a few pennies in the long run.

Is my money insured when trading on an app?

EU directives require each member state to provide investor protection of minimum €20,000 if an investment firm is unable to meet its obligations. All broker firms regulated within the EU are required to belong to this scheme. Depending on how your unused funds are kept, these may also be insured up to a certain amount. However, it’s important to understand that the protection scheme does not cover losses arisen from failed or unsuccessful investments. Another thing to keep in mind is that brokerages can be regulated by multiple financial authorities around the world, meaning that investors located outside the EU may fall under a different protection scheme.

Is the desktop version superior to the app?

Despite the popularity of mobile trading, three quarters of online trades are still being made on desktop systems. Since desktop trading is far superior in most aspects, but especially when it comes to speed, overview, usability. We therefore recommend that you use these brokers’ apps as a supplement to their web client or desktop software.

About the author: Lucas P., a pen name for privacy reasons, is an investor, hobby finance writer, and die-hard FIRE enthusiast. Lucas has previously served as editor for a news outlet in his European home country but now spends his time dabbling with traditional and alternative investments. To learn more about Lucas, visit his profile page.