Trading in financial markets requires the right choice of a broker, as security of traders’ funds, their profit and opportunities depend on it. Before you start working with a company, it is important to comprehensively assess it. Traders Union analysts have already done it for you. The experts prepared a review of the Best Investment Brokers in Europe for 2024. Five companies that enjoy huge popularity in Europe were selected and compared between each other.
1
eToro - Best in Europe for 2024
You can use eToro to invest in more than 3,000 stock assets, including at zero fee. The minimum deposit and leverage vary depending on the country of registration of a trader. Trading is available in mobile apps and on the web platform on any device. You can deposit and withdraw money via bank transfer and electronic payment systems. The broker offers margin trading, various bonuses and partner rewards.
2
DEGIRO - Best in Europe for 2024
DEGIRO is a convenient broker for Europeans. There is no minimum deposit amount, that is why demo accounts have been canceled because even small amounts can be invested. Also, the company doesn’t charge commissions for the lack of activity on the account and its maintenance. An investment account can be opened within 1 day. DEGIRO offers convenient replenishment and withdrawal. The base currency is always the currency of the client's country of residence. How to buy/sell on DEGIRO read here.
Degiro short selling explained
3
Revolut - Best in Europe for 2024
Revolut offers commission-free trading with no minimum deposit requirements. Stocks, cryptocurrencies, and precious metals are available for trading. Client funds are kept on segregated accounts, which is a guarantee of their safety. Since fractional share trading is available at Revolut and there is no brokerage commission per transaction per month, you can start with a minimal investment. Deposits can be made in 28 currencies, but the broker translates them into USD since trading is only on the US stock market.
4
Interactive Brokers - Best in Europe for 2024
Interactive Brokers is militantly developing, offering services to investors regardless of their trading experience. For this purpose, the broker doesn’t ask for a fixed minimum deposit but has margin requirements for accounts of various structures to make trading financially safe. The size of the leverage and Margin call and Stop out levels depends directly on the asset that the client is trading.
5
Fidelity - Best in Europe for 2024
The Fidelity Investments broker offers traders and investors a large number of account types to choose from. For some instruments, a commission is not charged; for the rest, it is hundredths of a percent. The size of the initial deposit starts from $1, and there is no commission for withdrawing funds. You can start trading after preliminary training on a demo account. To open it, you just need to arrange guest access on the company's website.
TU Expert Review for the best Investment Brokers in Europe
Financial expert and analyst at Traders Union
Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.
His opinion as for the best Investment Brokers in Europe is posted below.
eToro - TU Expert Review
eToro is an international brokerage company offering services all across the world. Every registered office adjusts the conditions to suit local traders to enable them to trade on beneficial conditions. The minimum deposit depends on the country of residence of a trader. In particular, the minimum deposit for residents of the US is $10 and UK is $50, Europe – $50, Israel – $10,000. The minimum deposit for overseas territories of the UK and France is $1000, for all other countries – $200. The broker provides retail clients with a negative balance protection and restrictions on opening positions with insufficient margin. The clients can also contact the Financial Ombudsman Service. Investments of traders from a number of European countries are protected by compensation funds. The leverage on eToro varies depending on the type of asset and the registered office chosen for trading. In particular, traders, who chose the office regulated by CySEC or FCA can trade indices with a leverage of 1:10-1:20, ETFs – 1:5. The company with a license of the Seychelles regulator offers a leverage of 1:100 for the most traded indices and 1:10 for non-major indices and ETFs. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk
DEGIRO - TU Expert Review
DEGIRO broker is perfect for investors who value low fees, European regulation, stability, and reliability. The company provides clients with access to all types of regulated financial instruments on the stock market around the world — to over 50 exchanges and a variety of assets such as bonds, stocks, funds, options. DEGIRO's main priority is to provide retail investors with professional services with minimal commissions. The broker has developed an advanced trading platform that is perfect for all types of investors. Access to services is open to traders from the largest European countries, and not only from the Netherlands. Each representative office of the company has its website, which allows clients to evaluate trading conditions in terms of their regional and trading needs. DEGIRO app: main features and functionality
Revolut - TU Expert Review
Revolut offers investments in shares of more than 800 American and international companies, cryptocurrencies, and precious metals. The broker is focused on independent traders and doesn't offer financial advice or client asset management, but social trading is available for beginners. The mobile app has a list of successful traders who offer connections to their trading platform to copy trades. If the client has experience in trading the stock market, he can switch his profile to public, and the results of his trading will be available to those who prefer not to trade on their own. The company guarantees the security of transactions in the app, which can be downloaded from Google Play or the App Store. In addition to the fingerprint scanning feature, one-time virtual cards are available for online payments when logging into the app. These can be used to make a single transaction, after which the card details are automatically changed. The Sherlock anti-fraud system is used to warn of suspicious transactions on a customer's account. Part of the funds that are on deposit can be reserved in the "cash vault". Up to 0.65% per annum is accrued on these funds daily, and the money can be returned to the main deposit at any time. The main disadvantages of this broker are the limitation of transactions without commission on the free plan and a limited selection of financial instruments for investment.
Interactive Brokers - TU Expert Review
During its cooperation with Traders Union the Interactive Brokers investment company proved itself as a reliable partner, which faithfully fulfills its obligations to us. The broker provides clients with a wide range of services, allowing them to engage in both active trading and investments. At the same time, the broker charges a fee for an inactive account, and that's not convenient for passive investors. Despite the lack of a minimum deposit, Interactive Brokers is focused on working with professional market participants. The US and Canadian investors are the main target audiences of the company. Interactive Brokers customer support will help you resolve claims made to the company. You can find all the information about trading conditions and the specifics of various trading instruments on the broker's website. Before opening an account with this broker, we strongly recommend you to read about all trading conditions in detail, as well as reviews of other clients about cooperation with Interactive Brokers.
Fidelity - TU Expert Review
The Fidelity Investments broker has been working in the financial markets for over 75 years and during this time has established itself as a reliable partner for its clients. The company tries to keep up with the times and implements modern trading technologies. A striking example is the existence of its own terminal Active Trader Pro, fully adapted for its mobile version. The program combines the ability to quickly receive fresh news reports, analytics from experts, and a wide range of technical analysis tools. The advantages of working with Fidelity Investments are low to zero. The services of a personal manager are available for investors. Based on the information provided in the news sections of Fidelity Investments, you can also independently assess the prospects of the markets. There are training materials, including online webinars. Also, the company's specialists conduct regular coaching sessions for their clients.
Summary
Many brokers operate in Europe, but not all of them are reliable or offer attractive trading conditions. TU experts selected 5 companies and rated them based on collected data. By reviewing them, you will learn about the Best Investment Brokers in Europe 2024 and will be able to evaluate the pros and cons of its closest competitors.
Overall score of the best Investment Brokers in Europe
| eToro | DEGIRO | Revolut | Interactive Brokers | Fidelity | |
|---|---|---|---|---|---|
|
Overall score |
9.4 |
9.6 |
9.5 |
9.1 |
8.7 |
|
Execution of orders |
9.1 |
9.3 |
9.2 |
8.8 |
8.4 |
|
Investment instruments |
9.7 |
9.9 |
9.8 |
9.4 |
9 |
|
Withdrawal speed |
9.5 |
9.7 |
9.6 |
9.2 |
8.8 |
|
Customer Support work |
9.3 |
9.5 |
9.4 |
9 |
8.6 |
|
Variety of instruments |
9 |
9.2 |
9.1 |
8.7 |
8.3 |
|
Trading platform |
9.8 |
10 |
9.9 |
9.5 |
9.1 |
|
|
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|
|
|
FAQ
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
What learning instruments can a broker offer?
Brokers offer various educational options. These include full-fledged educational courses, or video tutorials, articles, and books. Companies also often hold seminars and webinars.
Can you earn passive income in the financial markets?
Yes, the best brokers of Europe offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
Best Investment Brokers by Countries
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.