European Retail Stock Brokers

For the average European retail investors there are few option besides the probably easy and accessible national market.

Degiro

The de facto Broker in Europe, located in Belgium is by far Degiro. Low spreads and commissions, with access to a wide range of stocks and ETF, Degiro seems to be the most trusted broker platform available. The main downside if the East European countries are not allow to trade. Restrictions can be bypassed using personal bank accounts from other countries but the overhead doesn’t justify for many cases.

Etoro

With a slick interface, this platforms makes trading accessible to the masses. The spreads are low, the commissions are fair and the the overall experience is very pleasant. Fractional trades are a great addition. Even if regulations imposed some restriction on ETF trading for Europeans, Etoro found way to offer zero cost CFD for them, with very low entry requirements. Trading futures contracts for commodities and currencies have higher funding requirements but they are still a nice addition. CopyTrading is a very unique feature offered by this platform, where one can select some of the best performing traders and automatically copy their entries and exists. The only downside of Etoro it the reputation it got over time, maybe because of the location of it’s headquarter in Cyprus.

Interactive Brokers

This US based broker is by far the largest and most used broker for US based equities. One of the most attractive offers are the options derivatives. The broker has opened it’s doors to the European retail traders with low entry requirements. The major downside of the broker is the trading interface. The desktop software looks very old, slow and out of style. It’s a pleasure to trade in this kinds of interface in such modern times.

Trading 212

Seems to be a preferred alternative to Etoro offering a simple interface and access to the US market. The main downside is the fact the the popularity of Etoro is way better, but the advantage might be the headquarter location: London, UK.

XTM

Starting in Poland, has not extended to an international presence with headquarters in UK. The interfaces looks modern and easy to use but maybe to easy to make mistakes. Recently it opened it’s gates to the retail public by offering zero commission on stock trading. Commodities contracts are available but the cost per contract might be prohibitive for most.

Revolut

It’s clearly Revolut tries to innovate and establish itself in the market. The problem is their platform is phone based, making it very hard for a true trader to manage it’s positions properly.

Overall the current brokers for Europeans have acceptable offers but still lag behind the alternatives the US public has: very low commissions and access to derivatives markets like options are the innovation the market expects.

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