The best European trading platform is one that meets all your needs if you’re a European who wants to trade online. Low fees, user-friendly features, and great customer support are the key features of the best online trading platforms in Europe.
Furthermore, make sure that the FCA is regulating your chosen trading app. Below is our list of the top European trading platforms for 2022.
In This Guide
The online trading platform eToro was launched in 2007 and now has over 17 million clients. Trading a range of asset classes can be done with this top-rated platform at the push of a button.
First, let’s talk about how European clients can benefit from this reputable online broker. First, European residents need to take advantage of eToro’s 0% stamp duty program. In addition, eToro’s commission-free business model has made it a leader within the industry since it doesn’t charge customers to trade stocks, shares, and ETFs.
Two thousand four hundred stocks from 17 European and international stock markets, 250+ ETFs (exchange-traded funds), 16 cryptocurrencies, and thousands of CFDs are available. Besides gold and silver, oil and forex are also included in the latter category.
Commission-free trading is available on every eToro marketplace, including the ones listed above. Therefore, the only cost you have to take into account is the spread. You also don’t need to worry about annual maintenance fees, and you only pay 0.5% in deposits. In addition, you don’t have to worry about currency conversion fees when trading foreign assets and the euro. That said, it is the best European broker in the ranking.
Newbies can easily use eToro because it is user-friendly. Since the platform is free of complicated financial terms, users can easily find an asset and place their buy and sell orders. Furthermore, eToro offers CopyFunds portfolios, a practical and accessible way to get into online trading easily. Additionally, there is a Copy Trading option so that you can invest passively.
In this type of trade, you will choose a verified trader and invest a minimum of $200, and all of the trades will be mirrored into your eToro portfolio. EToro’s minimum stake on cryptocurrencies is $25, $50 on stocks, and $200 on ETFs. Check out our review to see why eToro is considered one of the best-automated trading platforms in Europe!
eToro’s regulatory environment is state-of-the-art for European investors since it is licensed and regulated by the UK’s Financial Conduct Authority (FCA), a financial watchdog among the most stringent globally. In Australia and Cyprus, it is also licensed. As a result, the FSCS provides you with financial protection if you open an account with eToro. In addition, this cheap trading platform offers a variety of payment options, including bank transfers, debit cards, and electronic wallets.
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Stockbroker Capital.com has been gaining popularity in the European market since its launch in 2005. As a start, you will find more than 3,000 instruments, including many stock CFDs. Over 2,400 stocks are included, which is a large number so that anyone can trade stocks from around the world. Forex, indices, commodities, and ETFs are also available.
It offers commission-free trading and low spreads, making it a very cheap European trading platform. Spread betting and CFDs are also offered by Capital.com, which means your winnings from spread betting are tax-free.
Its excellent tools and features are perhaps of their best quality. With a trading platform powered by artificial intelligence, trading insights, technical indicators, analytic tools, and advanced charts, along with excellent online educational resources, including webinars, it offers an incredibly powerful trading platform.
A licensed free trading platform, Capital.com is very secure thanks to the FCA license. In addition to PayPal, it offers Apple Pay, Neteller, and Skrill as alternative payment methods.
79.17% of retail investor accounts lose money when trading CFDs with this provider.
Euro traders who are looking for low fees and commissions prefer the CFD trading platform Libertex. Its zero spread feature is at the forefront of this. As a result, you will not have a gap between the buy and sell price regardless of which asset you decide to trade.
As a result, you receive quotes that are industry-leading. Further, Libertex charges commissions on both sides of every trade, but these are typically very low. For example, the UK's virtual trading platform charges commissions of as little as 0.1% per transaction.
Typical commission rates for popular forex pairs are as low as 0.12% in NZD/USD. CFDs are offered on stocks, commodities, and currencies by Libertex. Leveraging your CFD expertise allows you to take advantage of any trading opportunity.
You will be limited to 1:30 for major forex pairings and less on other instruments based on FCA restrictions. At Libertex, you can also go long or short on any CFD market. Therefore, you can profit if markets rise or fall. The company offers two trading platforms.
MetaTrader 4 and its platform, which was built in-house, are included. Both platforms can be accessed via an app or online. It is also possible to download MT4 to your desktop device, which is the suggested route to take if you wish to install an automated robot.
You can open an account with Libertex in minutes if you like the sound of it. You can deposit as little as £100 using a credit/debit card, bank account transfer, or an e-wallet. The first deposit into your account comes with a minimum deposit of just £10.
The FCA does not regulate Libertex's safety. Nevertheless, it is regulated by CySEC, a leading issuer of EU licenses. Libertex has provided online trading and financial services since 1997 as well. Consequently, the provider has a track record of over 20 years.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.
Brokers like Skilling are popular among newbies. The platform makes it easy to place buy and sell orders. Moreover, Skilling's education platform offers a range of easy-to-understand guides, so you can learn how to trade on the platform.
You can't buy traditional assets from this UK broker because it only deals in CFDs. However, you can trade more than 800 different financial instruments, including stocks, indices, commodities, and forex. Moreover, all these markets can be leveraged by Skilling - as per FCA regulations.
Skilling does not charge commissions to its customers regardless of which CFD asset class they trade. Additionally, the low-cost CFD trading platform offers some of the lowest spreads available in the industry. For example, when trading major currency pairs during standard market hours, you can make money from 0.1 pips.
Skilling is a great platform for beginners, but seasoned professionals can also trade via MT4 or CTrader. In addition, Skilling will give you access to a range of advanced order and charting analysis tools once you connect your third-party platform. As well as the desktop application, Skills offers a mobile app that lets you place orders on the go.
Despite its launch in 2019, this trading app is heavily regulated. In addition, the FCA will be authorized to accept traders from Europe, and CySEC and the FSA will be regulated. Skilling allows you to deposit funds instantly with a debit/credit card or e-wallet after you set up an account, which typically takes less than a minute. So, for example, you can start trading with small amounts by depositing just €100.
75% of retail investor accounts lose money when trading CFDs with this provider.
In our review of the best trading sites in Europe, we also compared the fees they charge to each other. As a result, you will find Europe's cheapest trading platforms with no overnight fees and the lowest fees in the table below.
Online trading and investment services are provided by Saxo Bank, a Danish investment bank founded in 1992. International Financial Services Agencies (FSA) and UK Financial Conduct Authorities (FCA) regulate the company.
Saxo Bank is a global service provider with subsidiary companies in various regions across the globe. Different entities offer slightly different services, especially in terms of fees and product offerings. The review is based on data from Saxo Bank UK.
Despite its long track record, banking background, and regulation by top-tier financial agencies, Saxo is viewed as a safe bank.
There are hundreds of online trading platforms now allowing Europeans to open accounts, so it's a good idea to decide what's most important to you.
Specifically, do you want access to a certain marketplace like a forex or stocks market in Europe, or are you more concerned with the lowest commissions and fees? Is there a feature you need - like automated trading?
One or more reputable financial bodies must license the best trading platforms in Europe. Ideally, the FCA should be done, which is charged with keeping the investment and trading sectors transparent and safe. A host of safety nets are available to you if you stick with an FCA broker.
Also included are the best trading platforms in Europe that the FSCS covers. In case of platform failure, your funds are protected up to the first £85,000 in the bank account.
Our top-rated trading app has all of these credentials and is being regulated by CySEC and ASIC. That means you have regulatory oversight on several fronts. Additionally, it is registered with FINRA in the US.
The number of financial instruments available for online trading is enormous, spanning dozens of asset classes. However, not every European trading broker offers the specific market you want.
These are some of the best assets offered by the best European trading platforms:
The most important thing about CFDs is to figure out if you are trading them or buying them outright. You will not own the underlying asset if you trade a CFD instrument. In turn, you can engage in short-selling with ease and apply the leverage of up to 1:30 as a result.
CFDs are not suitable for investors who wish to invest in the traditional sense. CFDs attract overnight financing, which is especially important if you plan on building a long-term investment strategy. To make sure you can trade both traditional and CFD assets, you should select a broker.
You can, for example, buy over 2,400 stocks, 250 ETFs, and 16 cryptocurrencies on eToro. In addition, you have access to thousands of CFD markets, including forex, commodities, and indices.
Fees are often the deciding factor for investors in Europe when selecting a platform for online trading. After all, you should be aware that the amount you pay to trade online varies quite.
In addition to stock dealing fees, ETF, mutual fund, and investment trust dealing fees are also associated with buying traditional assets such as mutual funds. Almost all trading apps charge a flat fee, except in rare cases.
Therefore, regardless of your investment amount, the fee will remain unchanged. Of course, investors looking to trade larger amounts benefit from this; it goes without saying.
As an alternative, we recommend using a world-class Europe trading platform, eToro, which would have come at no additional cost to you. Platforms on all of its markets are commission-free. So even the 0.5% stamp duty tax that you would normally have to pay on shares!
You will be charged a variable fee if you choose to trade assets through a CFD instrument. However, small orders won't be penalized, so this is more advantageous for entry-level traders.
You will always pay commissions based on which European trading platform you choose to join.
It sounds like not much to pay, sure. However, it is important to keep in mind that these costs can quickly add up, making profitable trades almost unprofitable. In particular, this is true if you are using a trading platform with a minimum commission policy.
CFD trading is commission-free for the best brokers from Europe that we discussed on this page. Some of those include eToro, Skilling, and Plus500.
If you're wondering how the best brokers in Europe make money, it's by charging a spread rather than a commission. It consists of the difference between the buy and sale prices of the financial instrument.
What is the significance of this? Thus, when you open a trading position on eToro with Apple, your position is instantly 0.18% in the red. So to get back to the break-even point, you need your trade to increase in value by 0.18%. With a spread of 0.18%, the product is very competitive - especially when looking at the commission-free nature of eToro.
Share dealing fees, commissions, and spreads are the main costs to explore at length. The European trading platform you choose may, however, have additional charges. These may include:
The fees and commissions you pay can and will significantly affect your ability to make gains, so you must know what you are paying before opening an account.
Some brokers offer nothing more than the possibility of buying and selling assets. However, you may also choose a service that offers a variety of tools and features that can enhance your investment endeavors.
It is not common for traders to invest thousands of pounds in a single transaction. Alternatively, some of you might just be getting started and would like to trade with small stakes. Therefore, the best brokers must be those that offer 'fractional ownership.'
Those unfamiliar with fractional ownership can buy or trade a 'fraction' of an asset rather than having to buy the entire asset outright. Our best trader recommendation, eToro, offers traders the possibility of trading cryptocurrencies from just $25 upwards.
The minimum investment amount for stocks is just $50. Therefore, you shouldn't need to spend more than $800 to acquire a single Tesla share or $100,000 to purchase a USD/AUD lot!
You could start trading with a small amount with the best trading apps if you had fractional ownership. In addition, traders of all budget levels can benefit from a low minimum deposit.
Online trading is becoming increasingly popular. Trading without doing any research is the main idea. Some tools even go the extra mile by placing your orders on your behalf. It is also a good choice for traders who have little time to analyze the markets.
Automating your trades can be achieved in several ways. First, they then install the trading robot into MT4 once they've purchased it. To achieve this, your provider must be able to support this third-party platform.
In this regard, it is safest to use an FCA-regulated broker direct to use an automated trading platform. Copy Trading, for example, is available at no additional charge on eToro. You simply need to choose which verified eToro trader you need to copy, and the platform will automatically mirror all of their trades into your own.
Any trading platform or asset you choose to trade will require you to place orders.
By doing this, you are telling the trading platform what you hope to accomplish. To enter and exit your trade, all brokers offer to buy and sell orders.
In addition to risk-management orders, the best providers in this space will also offer them. It is recommended to have stop-loss and take-profit orders at a minimum, but trialing stop-loss and guaranteed stop-loss orders is also important.
It's recommended not to execute a position unless some research supports it unless you plan to trade recklessly. That would be the equivalent of gambling. An assortment of analysis tools will be available on the best European trading platforms so that you can conduct your research faster.
eToro, for instance, offers pricing charts on all assets supported by the platform. Also offered are fundamentals about major stocks, as well as commentary on the current market environment. Direct access to financial news is very important for long-term investors, so some of the best brokers offer this service.
You cannot afford to overlook demo accounts, regardless of how experienced you are or whether you are a first-time trader. The best European trading platforms offer these and allow you to gain real-time market knowledge without risking a dime. The trades are executed with paper money.
A demo account at eToro, for example, comes preloaded with $100,000. It is great to test the waters before making a real deposit since you can still access the same markets, prices, and trading volume. It is also good to use a demo account if you have some experience with online trading.
Android and iOS devices are usually compatible with mobile investment apps offered by the best trading platforms. However, I understand you may prefer to use your desktop or laptop computer to trade.
Nevertheless, there may be times when placing a trade is necessary when you are on the move. For example, Gamestop saw its share price drop by 60% a day before writing this guide.
You would have suffered significant losses if you had been unable to close a position in this stock until you got home.
You could have reduced your losses significantly by exiting the trade immediately if you had used a top-rated mobile trading app.
Other key account features are also available in the best mobile trading apps. In addition, you can also check the value of your portfolio in real-time, make deposits and withdrawals, and even speak to customer support through live chat in the eToro mobile app.
You will be required to deposit some funds into a trading account when you open one with a platform. These apps allow you to use a credit or debit card to trade instantly. E-wallet support is also available on platforms like eToro, Libertex, and Skilling.
European trading platforms offer a variety of customer support channels that are worth checking out. Of course, live chat is the ideal feature. Additionally, real-time phone support is available so that you can speak with an agent immediately. However, you might have to wait several hours to respond if the trading platform only offers support via email.
You can open an eToro account in only a few minutes, and you can start trading right away. eToro can be accessed via desktop or mobile web browsers. Next, click 'Join Now'.
The FCA regulations require eToro to verify your identity since it is an FCA-regulated platform.
You will need to upload a copy of:
The time has come to deposit some money. When you feel comfortable with how the trading platform works, you can use the eToro demo account.
Listed below are the payment methods you can choose from when you are ready to trade for real money:
You can begin trading with eToro, the best broker, once your deposit is processed. To see which assets are supported, click on the 'Trade Markets' button on the left side of the dashboard. You can also search for the asset you want to trade if you already know it.
An order box will appear when you click on the 'Trade' button next to your chosen asset.
After that, you need to fill out the following fields:
You can also position take-profit, stop-loss, and trailing stop-loss orders when trading on eToro.
You must click the 'Open Markets' button to complete your trade.
There have never been so many European trading platforms entering the online marketplace, making investing online easier than ever before. A good broker will often offer you access to many markets, regardless of your interest in stocks, forex, cryptocurrencies, or CFDs.
According to our analysis, eToro is the easiest and best trading platform available to Europeans. Several FCA-regulated markets can be traded with this broker, all of which can be accessed without paying a commission. Furthermore, you can immediately deposit funds with a debit/credit card or e-wallet after opening your account in a matter of minutes!
You should stick with a beginner-friendly provider like eToro if you're new to the European trading platform scene. The platform is easy to use, and you can enter trades for as little as $25. Furthermore, eToro provides a demo account feature that enables you to trade risk-free.
You can trade US shares on many European trading platforms. However, fees should be kept in mind. Commission-free trading is possible with eToro, on the other hand.
Investing safely is possible if your choice of trading platform is FCA-regulated. Furthermore, FSCS-covered platforms are best to use.
You can buy digital currencies in traditional ways despite the FCA's ban on crypto-CFDs in January 2022. For example, eToro lets you invest just $25 and offers 15 cryptocurrencies for commission-free trading.
Commission-free trading platforms in Europe - such as eToro, make their money from the spread
The leverage cap on retail investor accounts is 1:30 on major currency pairs and less on other assets. Therefore, a platform that provides CFD markets is needed if you want to trade with leverage.
English Language professional with a vast experience teaching English as a second language, English translator to Spanish, Cryptocurrency enthusiast, interested in geopolitics and economy.
Best UK Stock, Forex, CFD, Crypto, Social or Day Trading Platform that meets your needs.