Brokers

9 Best Trading Platforms in Europe for 2020

Best trading platform 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 trading platform in Europe can be a daunting task. With so many brokers to choose from, settling on the right choice has become increasingly difficult for many.

In a bid to help you select the best low-cost trading platform in Europe, we analysed and compared several top-tier brokers– for beginners and professional traders.

📢 If your focus lies in low-cost stock and ETF investing, check out our guide to the best discount stock brokers in Europe for this year. Interested in commission-free trading? Then read more here.

Without further delay, let’s take a deep dive into this year’s ranking of the trading platforms for Europeans, listing the pros and cons of each to help match you with the site that best suits your trading needs.

These Are the Best Trading Platforms in Europe

Our list of the best trading platforms in Europe:

DeGiro

DEGIRO is an Amsterdam-based stockbroker that has been around since 2008. The company allows people to trade stock, bonds, futures, trackers, funds and more on their platform.

DEGIRO is characterised by its low fees and currently has over 450,000 investors using its trading platform, making it one of the most popular choices among European investors. On top of that DeGiro has received excellent ratings for its smarphone trading app which is available on both Android and iOS.

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.

Disclaimer: Investing involves risk of loss.

DeGiro Pros

  • DeGiro is a licensed broker and is regulated by the Financial Markets (AFM) and the Dutch Central Bank (DNB). It is also regulated in the UK.
  • Supports both web and mobile trading interface
  • The trading fees here are some of the lowest you can find in Europe
  • Opening an account takes just a few minutes
  • Client funds are segregated from the company’s resources

DeGiro Cons:

  • There is no demo account
  • Limited research and educational materials
  • Forex trading is not available
  • Credit/debit card can’t be used to deposit funds
  • Higher trading fees for Asian and other smaller EU stock exchanges

Interactive Brokers

If you’re an active trader, then Interactive Brokers is one of the best platforms available due to the low trading fees it offers.

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

Interactive Brokers is a US-based trading platform that has a massive presence in Europe. They’re famous for having low trading fees, fast order execution, direct market access to stocks, options, futures, forex, fixed income, ETFs, and more.

Traders have the opportunity to choose between fixed-rate plans and tiered plans, depending on their trading strategies and needs.

DisclaimerCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60.5% 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.

Interactive Brokers Pros:

  • It offers several products including stocks, forex, futures, options, ETFs, and more.
  • It uses advanced technology to guarantee fast order execution.
  • A wide range of research and trading tools
  • Numerous financial authorities regulate it across Europe and the US
  • Offers fixed-rate plans and tiered plans
  • Operates a $0 account minimum

Interactive Brokers Cons:

  • The account opening process is strenuous
  • The desktop trading platform is hard to navigate
  • The payment option is limited (accepts only bank transfer at the moment)

eToro

eToro - Popular trading platform in Europe

Claiming over 9 million users, eToro identifies itself as a social trading platform with a heavy focus on copy trading and cryptocurrencies. Launched in 2007, they have a global presence, with offices in Cyprus, Israel, the United Kingdom, the United States, and Australia.

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

EToro is authorised by the Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC), and Cyprus Securities and Exchange Commission (CySEC).

DisclaimerCFDs 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 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.

eToro Pros:

  • Stock and ETF trading is commission-free in the EU
  • Provides traders access to a wide range of financial instruments
  • Account opening process is swift and easy
  • Traders get to enjoy a social trading experience
  • A demo account is available

eToro Cons:

  • High Forex trading fees
  • High non-trading and withdrawal fees
  • Funds withdrawal is slow (takes up to 3 days)
  • A single account base currency
  • Doesn’t have a parent bank backing it

XTB

XTB is a Polish FX and CFD trading platform that was founded in 2012. The platform is regulated by a few financial authorities, including the Polish Financial Supervision Authority (KNF) and the UK’s Financial Conduct Authority (FCA). It is also listed on the Warsaw Stock Exchange, which boosts its credibility as one of the leading one of the best brokers in Europe. They provide users access to over 1,500 financial market instruments including FX, indices, shares, commodities and more.

Disclaimer: 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.

XTB Pros:

  • A demo account is available
  • Low trading fees for stocks and FX pairs
  • Deposit and withdrawal are free and fast
  • Account opening process is easy and prompt
  • Credit/debit card payment options available
  • User-friendly interface
  • Excellent search function

XTB Cons:

  • Stock CFD fees are above-average
  • A limited number of assets (focuses more on FX and CFDs)
  • Email support is poor
  • Inadequate security measures

Saxo Bank

Based in Denmark, Saxo Bank is an investment bank that specialises in online trading and investment. Saxo Bank has been around since 1992 and is regulated by several financial regulators across Europe, including the UK Financial Conduct Authority (FCA) and Danish Financial Services Agency.

Saxo offers various financial instruments such as FX, CFDs, stocks, commodities, futures, options, ETFs, bonds, and listed options. Saxo Bank has other subsidiaries including Saxo Capital Markets UK, Saxo Banque (FR) SAS, Saxo Bank (SW) AG, and more. Each subsidiary operates as a separate legal entity.

DisclaimerCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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.

Saxo Bank Pros:

  • Saxo Bank is regulated by various financial authorities and has a banking background
  • The trading platform is easy to navigate and customisable
  • Offers a wide range of product portfolio
  • Embedded news and research tools
  • Advanced charting
  • Transparency in trading fees
  • The platform suggests trading ideas

Saxo Bank Cons:

  • Has an account minimum of £1,500
  • No live chat feature and customer support is not available round-the-clock
  • Fees for bonds, futures, and options are high
  • Fewer security measures
  • Most fundamental data attract extra charges

TradeStation Global

This is a UK-based broker that is regulated by the FCA. It’s a combined product of Interactive Brokers and TradeStation. It provides traders with a universal Interactive Broker’s account, allowing them to trade equities, forex, futures, and more.

By combining the power of the two platforms, TradeStation Global grants users access to over 125 markets and 31 countries. The availability of over 180 indicators makes it an exciting brokerage platform. The account opening process is tough and so is navigating the platform. TradeStation Global has a minimum deposit amount of over $500.

DisclaimerCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% 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.

TradeStation Global Pros:

  • Low trading fees (stock and non-trading fees)
  • Various financial instruments including equities, forex, futures, ETFs, crypto, options, and more
  • Round-the-clock customer service
  • Up to 20 base currencies
  • High minimum deposit ($1,000)

TradeStation Global Cons:

  • Tough deposit and withdrawal processes
  • Complicated account opening procedure
  • Inadequate educational materials
  • No demo account
  • High fund fees

LYNX

Based in the Netherlands, Lynx is one of the best online trading platforms in Europe. Lynx is one of the top competing platforms for stock and ETF traders due to the low trading fees. Similar to TradeStation Global, Lynx is an introducing broker to Interactive Brokers. Thus, implying that Interactive Brokers will hold your funds, but Lynx will charge you the necessary fees. The partnership also allows traders to use Interactive Brokers’ trading platforms. Lynx has become a favorable stock broker thanks to its regulation by leading financial authorities.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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.

Pros

  • Has an excellent mobile trading platform
  • Lists a wide range of financial market instruments including cryptocurrencies
  • Low ETF and stock trading fees
  • Several order types available

Cons

  • A high minimum deposit amount (€3,000)
  • Deposit and withdrawal of funds are tough
  • The desktop platform is not user-friendly
  • Doesn’t support credit/debit card payment options
  • Limited security protocols
  • No price notifications

Revolut

Revolut is a UK-based fintech company that offers banking and asset trading services. Although mostly popular for its banking services, the company’s free stock trading feature has been gaining widespread adoption across Europe.

Revolut is considered an excellent trading platform for beginners looking for no-commission trades.

The Financial Conduct Authority (FCA) regulates Revolut. Thanks to its banking licence and operations, investors are more protected when trading with the platform.

Disclaimer: Investing puts your capital at risk.

Revolut Pros:

  • Zero commission for stock trading: Free account gets you 3 free trades, Premium account holders get 8, while Metal customers get an unlimited amount of free trades.
  • Excellent mobile trading platform
  • Free FX at inter-bank rates
  • Swift and easy account opening process
  • No minimum deposit
  • Credit/debit card payment options available
  • Free funds withdrawal and deposit

Revolut Pros:

  • A limited number of assets (supports only stock and crypto trading at the moment)
  • Inadequate research and educational resources
  • Poor customer support
  • Trading accounts are only in USD

Swissquote

This is a Swiss banking group that specializes in providing online financial trading services. Swissquote Holdings AG is listed on the SIX Swiss Exchange, making it a reliable stockbroker. The Financial Conduct Authority (FCA) in the UK regulates Swissquote. They provide traders’ access to FX pairs, stocks, robo-advisory, and more.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.

Swissquote Pros:

  • Excellent customer service with live chat, phone, and email supports available
  • Accepts both bank transfer and credit card payment options
  • No inactivity fee
  • Grants traders access to numerous financial markets and instruments
  • A demo account is available
  • No minimum deposit amount
  • Supports several base currencies

Swissquote Cons:

  • Offers only fixed spreads
  • High trading fees
  • The trading platform is tough to navigate
  • Extra charges for some research tools
  • FX and robo-advisor accounts have high minimum deposit amounts

How To Choose a Stock Broker in Europe

Best trading platforms and brokers in Europe

In 2020, equity trading is a multi-trillion dollar industry that is evolving more rapidly than ever before. Perhaps the biggest change in the evolution of stock trading are the number of new online brokers to choose from. As the internet space grows, so does the number of service providers.

When it comes to getting started with trading, Europe houses one of the largest numbers of online brokers available to pick from. In the end, the decision to choose a platform comes down to personal choice and what the broker has to offer. However, we will discuss some of the best trading platforms in Europe and what they provide to users.

There’s an increasing competition amongst brokers, which in turn leads to lower transaction fees, excellent customer services, and availability of more stocks and funds to trade. However, with more options come more headaches for investors and traders.

Accordingly, it has become harder for retail stock investors and hardened professionals to settle on the best trading platform due to the numerous brokers currently available.

While choosing the best online trading broker in Europe is a tough task, there are some things you can look out for before making a choice. Here are a few criteria to watch out for:

Overall Service Level

As a trader, the first thing you should look at is the trading platform the broker operates. The best brokers in Europe operate standard trading platforms that provide traders with various resources such as educational materials, high-end trading tools, tutorials, videos, and a few others.

The tutorials and other educational resources help new traders learn more about the market. For advanced traders, trading tools, market research, and others help them perform to the best they can.

While some brokers charge for some resources, others don’t. Thus, you have to consider what each one is offering and how the prices would affect your overall finances.

Trading Commissions

Stock trading platforms usually list individual stocks, ETFs, options, mutual funds, and bonds. The commission for each of the asset-classes differ, and as a trader, you have to compare the prices before choosing a broker. For individual stocks, the new trend is zero commission and this is currently practised by some of the best stock trading platforms in Europe.

If fee-free trading is what you’re looking for, you can opt for those that offer zero commissions on individual stocks, like Revolut which purely offers smartphone-based trading services. That said, several online brokers in Europe charge no commission when purchasing bonds and ETFs. However, they do charge for options and ETFs.

Account Minimum

An important feature to consider is your starting budget. Some of the best online trading platforms in Europe have no set account minimum. However, a few others do, and it can go as high as $500. So, you have to evaluate your options to see if you wish to choose a platform with no account minimum or otherwise.

Account Fees

Brokers attach a few account charges such as withdrawal, inactivity, annual, trading platform subscription, research or data, and account closure fees. While it is almost impossible to avoid such fees, you can minimise them. You can go for brokers that have the lowest account fees. This way, you pay less when you conduct significant activities.

Security measures

This criterion has become common knowledge that people rarely consider it. But you have to consider the security protocols of the broker before you trade with them. You need to ensure that they’ve put in place adequate protection measures to guard your personal information and funds from hackers.

Promotions

This is something you could also consider when choosing a broker. Most online brokers attract customers with enticing promotions such as having a few commission-free trades, cash bonuses, deposit bonuses, and more.

Choosing a broker that offers such promotions allows you to enjoy them and potentially boost your short-term earnings.

Conclusion: Best Brokers in Europe

Best European stock brokers

There is an increasing number of brokers offering services to traders and investors across Europe. For traders, choosing the best broker involves looking at a few features that the platform provides. Despite the increasing number of brokers to choose from, the platforms reviewed in this post offer some of the best services to investors. They are regulated entities with good track records of providing quality services. However, we recommend you conduct your personal research before you choose a broker.

Rembember, cryptoassets are volatile instruments which can fluctuate widely in a very short time frame 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. Your capital is at risk.

Frequently Asked Questions

How do I choose a trading platform?

Select a licensed and transparent broker with low commissions, fees, and good spreads. Besides costs, compare several brokers for products, markets, trading environment to find the one that suits your needs. You should also keep taxes in mind. Is reporting done automatically or manually in your country? Lastly, if you’re just starting out, prioritise educational resources, and the ability to place demo trades before you start playing with real capital.

What trading tools do I need?

While most are fine with trading on desktop, many enjoy the convenience of mobile trading as well. Advanced users should look for detailed real-time charting, news feeds, advanced scanning, hotkeys, virtual trading, watch lists, tools for ladder trading and more.

Can I start trading with €100 / £100?

The short answer is yes. However, the amount you need to start trading depends on the broker you want to use and the investment strategy you plan to follow. Strictly speaking, you trade with €100 / £100 if your broker allows it. Still, any amount of capital will never be properly used if your strategy is not carefully thought through.

What is day trading?

Day trading is a speculative, high-risk investment strategy for speculating in securities. More precisely, it is the buying and selling instruments within the trading day, with the intent to close all one’s positions before the market closes for the day. As such, day trading is involves high technical acumen and demands high degree risk-willingness, analytical skills, and objectivity.

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