In order to trade successfully, it is very important to choose the right broker. in Italy, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best online brokers for fractional shares in Italy 2024. You can compare their features and trading conditions.
1
eToro - Best for fractional shares in Italy
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.
👍 Advantages of trading with eToro for traders from Italy:
•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.
•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.
•An opportunity to combine active trading with social trading and passive investing.
•Zero-fee trading of a number of stocks.
•Access to ready-made diversified asset portfolios with various risk levels.
•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.
•Zero fees for portfolio management, depositing funds and account maintenance.
👎 Disadvantages of eToro for traders from Italy:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
2
Revolut - Best for fractional shares in Italy
Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).
👍 Advantages of trading with Revolut for traders from Italy:
•In addition to stock trades, customers can trade cryptocurrencies and precious metals.
•The broker offers commission-free trading plans.
•The minimum number of shares to buy is 0.00000001.
•There are no minimum deposit requirements.
•Social trading is available, which allows newcomers to the stock market to copy trades of successful traders.
•Communication with the support service via chat is available in the mobile application 24 hours a day.
•There is no fee for opening and maintaining a trading account.
👎 Disadvantages of Revolut for traders from Italy:
•Stock trading is currently only available to UK residents.
•Operations in precious metals and cryptocurrencies are not regulated by supervisory authorities.
•The company does not offer fiduciary management of its investment portfolio.
3
Interactive Brokers - Best for fractional shares in Italy
Interactive Brokers is among the best-known US investment companies, operating since 1977. The broker offers to trade currency pairs, but its basic instruments are stocks, CFD, indices, metals, ETF, futures, and other exchange market assets. The company is regulated by the US Securities and Exchange Commission (SEC), the US Financial Industry Regulatory Authority (FINRA), the UK Financial Regulatory Authority (FCA, 208159), and other international financial regulation commissions. In 2020, the broker was awarded the "Best Online Broker” (Barron's) and "Best Broker for Economical Investments" (NerdWallet) titles and got five stars in the Online Stock Trading for Traders category (Canstar). Also, the broker is popular in other countries. Here you can read reviews of Interactive Brokers in Canada, Singapore, Australia, Hong Kong, Ireland.
👍 Advantages of trading with Interactive Brokers for traders from Italy:
•wide range of training materials;
•access to 135 markets in 33 countries;
•a huge subset of trading instruments.
👎 Disadvantages of Interactive Brokers for traders from Italy:
•website interface is only partially translated into other languages;
•you have to pay for an inactive account;
•Support service does not work on Saturday and Sunday;
•long and complex registration procedure;
•no cent accounts for novice traders.
4
Comdirect - Best for fractional shares in Italy
Comdirect is an investment bank and broker founded in 1994 that is owned and operated by the largest German bank Commerzbank AG. Comdirect is listed on the Frankfurt Stock Exchange and regulated by BaFin, the German Federal Financial Supervisory Authority. It offers clients accounts for Forex trading and investing in securities of the German, European and international markets. Comdirect has received numerous awards for its banking products and brokerage services. In 2021 they won the annual Euro am Sonntag and Broker-Wahl voting for the title of the best online broker.
👍 Advantages of trading with Comdirect for traders from Italy:
•No minimum deposit requirements.
•A wide range of investment assets for diversified portfolios.
•Huge number of tools for advanced market analysis.
•Ability to make transactions through a mobile application and third-party terminals.
•Free withdrawal of funds from investment accounts.
•Availability of an affiliate program and various bonus offers.
👎 Disadvantages of Comdirect for traders from Italy:
•High trading commissions on all asset classes.
•The broker does not have a website in English. Personal account, terminals, and communication with company representatives are conducted in German only.
•Complex and lengthy process for opening an account for traders who are located outside of Germany and Austria.
5
AJ Bell - Best for fractional shares in Italy
AJ Bell is a stockbroker that facilitates traders to efficiently achieve their investment goals. The company is regulated by the UK Financial Conduct Authority (FCA 155593) and cooperates with the FSCS Compensation Fund. Stocks, mutual and investment funds, as well as bonds, securities, IPOs, and ETFs are the main trading instruments of AJ Bell.
👍 Advantages of trading with AJ Bell for traders from Italy:
•Accounts for adult and minor clients.
•You can trade on your own or contact the company's employees via secure fax, phone and messages.
•The broker offers Islamic savings accounts that take into account the specifics of Sharia law.
•The company provides investment offers to help clients achieve their financial goals.
•You can trade through a web terminal or a mobile application.
•In the event of the company's bankruptcy, AJ Bell’s clients will get financial payments from its compensation fund.
•If necessary, you can apply to open a joint account.
👎 Disadvantages of AJ Bell for traders from Italy:
•There is no option to verify trading terms on a demo account.
•It is not possible to trade stocks outside of business hours on the UK market.
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
eToro Commissions and Fees
Registration on the eToro platform is free. The broker does not charge a fee for opening and closing long positions on stocks quoted at the US stock exchanges. The stocks of other markets are available as derivatives, with eToro charging a trading fee on them in the form of the spread. Also, the fees are applied to short positions and leveraged orders. The company accepts and allows withdrawals of only US dollars. If a client deposits or withdraws another currency, it is converted into USD at a fee of 0-50 pips. Members of eToro club get a 50-100% fee reduction on conversion. If a client shows no activity for a period of 12 month, the broker charges the inactivity fee of $10. There is no deposit fee. eToro charges $5 on each withdrawal.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
$5 |
Yes |
|
Pro |
from $1.1 |
$5 eToro’s fee + the fees of payment systems |
Revolut Commissions and Fees
During our analysis of trading conditions, it was found that Revolut limits the number of trades without commissions. Depending on the account type, 1-5 transactions per month are free. There is a monthly subscription fee of £2.99-£12.99 on different accounts, which can be reduced by 20% if you pay in advance for a year. The broker charges a fee of 1 USD for additional orders. Since stocks listed on American exchanges are offered for investment, the fees are calculated in USD and then the funds are converted to the account currency at the current exchange rate. For transactions in cryptocurrency, the commission is 1.5-2%, and for transactions in precious metals, it’s 0.5-1.5% of the transaction volume. The amount of interest depends on the selected trading account. No additional hidden commissions were revealed.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
From £2.99 |
No |
|
Plus |
From £2.99 |
No |
|
Premium |
From £2.99 |
No |
|
Metals |
From £2.99 |
No |
Interactive Brokers Commissions and Fees
Traders Union analysts have verified Interactive Brokers for hidden fees and assessed the commission level in the company. The company charges $20 for an inactive account if there is less than $2,000 on the account and $10 if there is more than $2,000. You can withdraw funds for free once a month; if you withdraw funds more often, you’ll have to pay a commission, the amount of which varies depending on the base currency of the account and the payment system.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Real |
From $2 |
Depending on the currency and withdrawal method |
Comdirect Commissions and Fees
Comdirect’s commission for trading stocks and ETFs consists of two parts: a percentage of the volume and a fixed fee per trade. The size of the trading commission varies depending on the instrument and the exchange.
-
For the purchase and sale of German stocks and ETFs, the broker withholds 0.25% of the transaction amount plus €4.9 per order (minimum €9.9; maximum €59.9).
-
Exchange commissions are 0.0025% of the turnover (minimum €2.5) or 0.005% (but not less than €5).
-
For transactions with international stocks, the investor pays 0.25% of the volume, plus €7.9 per transaction (minimum €12.9; maximum €62.9) plus any third-party costs.
-
Commission for orders in terms of OTC trading is 0.25% plus €4.9 (minimum €9.9, maximum €59.9).
-
Each futures index or ETF and index option contract costs €4.5, and a stock futures contract costs €2.5. The minimum commission for futures and options is €19.
Comdirect does not charge any fees for account opening, deposits, or withdrawals. The inactivity fee is €0 during the first three years. After that, it is €1.95 per month, if the client has not completed 2 transactions per quarter or does not have a savings or current account with Commerzbank AG.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Comdirect Depot |
from 9.9€ |
no |
|
Währungsanlagenkonto (Currency Asset Account) |
from 12.9€ |
no |
|
LiveTrading |
from 9.9€ |
no |
|
CFD-Konto |
from 0€ |
no |
AJ Bell Commissions and Fees
Specialists at the Traders Union have verified the trading terms of AJ Bell, as well as verified the broker for any hidden or explicit commissions. The broker charges a commission for making transactions. There is a commission of £1.50 for the purchase and sale of equity assets (including mutual funds, OEIC), and the commission is £9.95 per transaction for trading in stocks, ETFs, bonds, securities, and investment funds. The commission is £4.95 for shares and other assets for which the trader has placed orders over 10 times in the previous month. There are no fees for account maintenance, withdrawals, inactivity, or the use of mobile applications.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
SIPP (self-invested personal pension) |
from £1.50 |
No |
|
Stocks and Shares ISA |
from £1.50 |
No |
|
Lifetime ISA |
from £1.50 |
No |
|
Dealing account |
from £1.50 |
No |
Summary
Many brokers are available for traders from Italy, but not all of them offer good conditions. In this review, TU experts chose the Best online brokers for fractional shares in Italy 2024. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Online Brokers For Fractional Shares in Italy
| eToro | Revolut | Interactive Brokers | Comdirect | AJ Bell | |
|---|---|---|---|---|---|
|
Overall score |
7.75 |
7.69 |
7.45 |
5.05 |
5.11 |
|
Execution of orders |
9.1 |
9.2 |
8.8 |
5.89 |
5.99 |
|
Investment instruments |
9.7 |
9.8 |
9.4 |
6.31 |
6.41 |
|
Withdrawal speed |
9.5 |
9.6 |
9.2 |
5.95 |
6.05 |
|
Customer Support work |
9.3 |
9.4 |
9 |
6.25 |
6.35 |
|
Variety of instruments |
9 |
9.1 |
8.7 |
5.73 |
5.83 |
|
Trading platform |
9.8 |
9.9 |
9.5 |
6.47 |
6.57 |
|
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FAQ
What commissions and fees should I take into consideration when I am choosing a broker?
The commissions and fees in the financial markets are divided into trading and non-tradings ones. Trading fees are the fees that are charged directly during trading (spread, commission per lot, etc.), while non-trading fees are the ones charged outside the trading process (for example, account fee, inactivity fee, deposit and withdrawal fee).
Can you earn passive income in the financial markets?
Yes, the best brokers in Italy offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
Does the choice of a beginner differ from the choice of an experienced trader?
Yes. A novice trader should primarily consider the availability of educational tools and a demo account, as well as basic assets. A more experienced trader is interested in wider opportunities on advanced account types, a wider choice of instruments for technical analysis, and a greater number of trading instruments.
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
Best Online Brokers For Fractional Shares 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.