Best Trading Platform in Europe

In this guide, we will go over top-rated trading platforms in Europe. The EU has one of the greatest and most accessible digital trading markets in the world. It’s a strictly regulated market with many reliable trading platforms and brokers.

There’s a plethora of securities, instruments, and derivatives that can be traded. Before you dive into the trading market, you should inform yourself about the most reliable trading platforms, apps, and brokers in Europe. In this guide, we will help you do that with extensive information and stats.

Our Top Picks for the Best Stock Trading Platform Europe

The investment platforms Europe for ETFs, cryptocurrencies, stocks, and options include Interactive Brokers, eToro, DEGIRO, XTB, and AvaTrade. Let’s review each of these five platforms in detail.

  1. eToro – Best Trading Platform in Europe
  2. AvaTrade – Best Forex Trading Platform Europe
  3. Interactive Brokers – Best Stock Broker in Europe
  4. DEGIRO – Best ETF Trading Platform Europe
  5. XTB – Best Trading Platform for Forex in Europe
  6. Firstrade – Best Options Trading Platform in Europe

Our Top 3 Picks

Best Forex Broker

AvaTrade Logo

PFI Rating 4.9

  • Well Regulated
  • Social Trading
  • Best For Forex

76% of retail investor accounts lose money when trading CFDs with this provider.

Best Overall

etoro logo

PFI Rating 4.9

  • Well Regulated
  • 0% Commission Stocks
  • Copy Trading

68% of retail investor accounts lose money when trading CFDs with this provider.

Best Market Access

Interactive Brokers Logo

PFI Rating 4.9

  • Well Regulated
  • Low Fees
  • Best Market Access

69.0% of retail investor accounts lose money when trading CFDs with IBKR.

Some online brokers are a better option for shares and CFDs, while others are better suited for forex and cryptocurrency trading. That being said, let’s learn more about the best trading platforms for European Investors.

Trading Platform Info Our Score Accepts Clients Minimum Best For
#1 eToro Best Copy Trading Platform Europe 4.9 Globally €100 Zero-commission Stocks and Copy Trading in Europe
#2 AvaTrade Best Forex Trading Platform Europe 4.9 Globally €100 Forex and CFD Trading
#3 Interactive Brokers International Broker with all Assets Classes 4.9 Globally €0 Global Markets and all Asset Classes
#4 XTB Best CFD Broker Europe 4.8 Globally €0 CFD Trading Europe
#5 DEGIRO Discount Broker in Europe 4.7 Europe €0 Low Cost Trading in Europe
#6 Firstrade Great For Options Trading in Europe 4.7 Globally €0 Options Trading
Our Top Pick

PFI Rating: 4.9/5

eToro – Best Online Trading Platform in Europe Overall

eToro has over 15 million users worldwide because it’s an excellent option for commission-free stocks and cryptocurrency trading. Launched in 2007, the eToro platform has grown dramatically over the years.

It is the best in the industry for copy trading. eToro has a community of traders whose strategies you can copy.

In Addition, eToro is regulated by several top-tier authorities, including the CySEC in Cyprus, the FCA in the UK, the ASIC in Australia, etc. Let’s summarize the main pros and cons of eToro.

Disclaimer: CFDs are complex instruments that come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. Make sure you understand how CFDs work and if you can afford to take the high risk of losing your money.

Great For: 0% Commission Stocks and Copy Trading

Summary

If you’re a regular investor with simple needs, then eToro is a great choice. The desktop platform has enhanced its design for a better trading experience and integration with the mobile app to cater to the needs of traders who prefer investing from their phones.

Tradable assets include stocks, forex, cryptocurrencies, commodities, indices, and ETFs.

There are no inactivity fees, no deposit fees, and commission-free US shares. However, there’s a currency exchange fee.

Pros Cons
Commission-free real stocks EU investors 5$ Withdrawal Fee
Portfolio insurance EU clients
Industry Leading web trading platform and mobile app
Best Hands-off Copy Trading

Mobile App: 4.9/5

Regulation: 4.9/5

Fees: 4.9/5

Min. Deposit: $100

Overall: 4.9/5

Best Forex Broker Europe

PFI Rating: 4.9/5

AvaTrade – Best European Forex Broker

AvaTrade is our top pick as the best forex broker in Europe. It has one of the best trading apps. Founded in 2006, this platform has a wide variety of market selections and good customer service. It is a great platform, both for beginner and advanced traders.

Seven regulatory bodies across six continents accredited AvaTrade, including JSA, FCA, ASIC, and others.

One of the unique features of this trading platform includes AvaProtect, which is a risk management tool that allows clients to keep their trades safe from losses. Yes, clients pay a small fee, but this app will reimburse every client for losing trades up to 1 million in exchange

71% of retail investor accounts lose money when trading CFDs with this provider.

Great For: Forex Trading And Options

Summary

Both the mobile app and the desktop web based platform has a user-friendly interface. They’re loaded with powerful analysis tools, charting, copy trading. This is great for forex trading, cryptos, and shares.

Pros Cons
Easy Account Opening CFD only
Deposit And Withdrawals
Research Tools
Best Hands-off Copy Trading

Mobile App: 4.9/5

Regulation: 4.9/5

Fees: 4.9/5

Min. Deposit: $100

Overall: 4.9/5

Best Market Access Europe

PFI Rating: 4.9/5

Interactive Brokers – Best Market Access Broker in Europe

Interactive Brokers sits at the top of the list as the best trading platform for Europeans because it suits users of all levels. It’s the best overall choice for active traders and investors thanks to the four decades of experience, low commissions and fees, strong capital position, a wide range of markets, research, and trading tools.

They offer Stocks, ETFs, Forex, Options, Spot Currencies, Cryptocurrencies, Spot Gold, Bonds, Mutual Funds, and Hedge Funds.

Interactive Brokers was established in 1987 and has developed into the largest US-based brokerage with over 790,000 orders executed daily. Further, IBKR is one of the best-regulated brokers worldwide, with licenses from 11 financial authorities, including the UK’s Financial Conduct Authority and US Securities and Exchange Commission.

On Interactive Brokers' Official Website

Great For: Forex Trading And Options

Summary

Interactive Brokers makes the perfect option for retail investors trading international stocks, bonds, forex, futures, sport gold, bonds, mutual funds, and hedge funds.

It offers a user-friendly web-based client portal and a mobile app that is easily navigated and loaded with many different features. It’s suitable for both beginners and experienced traders.

The trading platform charges about $0.0005 – $0.0035 with a maximum of 1% of the value and a minimum of $0.35 per stock trade on US exchanges; 0.015%-0.05% with a minimum of €1.25 for EUR-denominated shares.

Spot forex and currency exchange fees go between 0.08 and 0.20 basic points. There’s no fee for inactivity.

Pros Cons
Supports 23 currencies Trading Platform Can be too Advanced
Trusted with $9 billion in equity capital
Wide range of ETFs, futures, options, global stocks, and currencies
Low trading commissions and fees
Regulated by Top Tier Authorities
A history of over 40 years

Mobile App: 4.9/5

Regulation: 4.9/5

Fees: 4.9/5

Min. Deposit: $0

Overall: 4.9/5

Great For Stocks And ETFs

PFI Rating: 4.7/5

DEGIRO – Best ETF Trading Platform in Europe

If you want to decrease the costs for stock trading to a minimum, then opt for DEGIRO. It’s a German-Dutch trading platform that provides €0 ETF and US stock trades, no maintenance charges, no deposit or withdrawal fees, no inactivity fees, low-cost share trading, and over 30 exchanges worldwide.

Thus, it’s the perfect choice for investors with simple needs who don’t want to spend too much money. However, keep in mind that investing includes the risk of loss.

The platform was established in 2008 and has over 1 million European clients. It’s one of the award-winning trading platforms.

It has received 80 international broker awards, including “Top Rated Overall Investment Platform” by the Financial Times.

In 2021, DEGIRO connected with Flatex, the German giant, to make the flatexDEGIRO Bank AG, making it the largest online execution-only broker with a German banking license.

On DEGIRO Official Website

Great For: Stocks and ETFs

Summary

What we like about DEGIRO is the intuitive interface of its desktop web platform. It’s very modern and straightforward to use. Their trading app is also well-optimized with a bottom bar for quick navigation. There’s also a touch and face ID for extra safety.

You don’t need to stress about your safety with DEGIRO since BaFin and the European Central Bank regulate it. It’s available in Greece, Hungary, the Czech Republic, France, Finland, Denmark, Austria, Sweden, the UK, etc.

Pros Cons
Regulated by BaFin Credit Cards not available
Low Trading Fees Restricted availability in Eastern Europe
Funds are kept segregated The educational materials lack depth
Easy and Quick Account Opening
Commission-free US stocks

Mobile App: 4.8/5

Regulation: 4.8/5

Fees: 4.9/5

Min. Deposit: $0

Overall: 4.7/5

Great CFD Broker Europe

PFI Rating: 4.7/5

XTB – Best CFD Broker Europe

XTB represents one of the biggest and most reputable stock exchange-listed brokers worldwide, with a wide selection of instruments, including CFDs on about 1,700 stocks as well as 110 ETFs, crypto, popular commodities, indices, and 48 forex pairs, with leverage of 1:30 (as restricted by EU regulation).

I also want to state that about 73% of retail investor accounts lose funds when trading CDFs with XTB, so keep that in mind. XTB is also known as a transparent business, which is registered with several financial authorities in Europe, including the Polish Financial Supervision Authority, FCA in the UK, and CySEC.

I also want to mention that XTB doesn’t allow cryptocurrency trading for UK clients because of the FCA restrictions. Now, let’s take a closer look at some of the most important pros and cons of XTB.

Disclaimer: 76% 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.

Great For: Stocks and ETFs

Summary

The XTB trading platform has low costs. However, keep in mind that these costs vary by account type. And for standard account owners, commissions come together with the spread for indices, forex, cryptos, and commodities, whereas fees for CFDs on stocks and ETFs begin from 0.08% per lot.

Forex spreads begin from 0.1 pips for pairs like GBPUSD, EURUSD, and EURGBP with a minimum of 0.35 per trade. There’s also a fee for inactivity of 10 euros, but there’s no fee for withdrawals over $100. I also want to mention that as of 2021, XTB offers commission-free stocks and ETFs for European clients.

The xStation Mobile and proprietary xStation desktop platforms have a modern appearance. They include news feeds and one-click trading and provide fast access to set limits, market, and terminate orders. However, people like this company, especially beginners, for many different reasons.

For instance, they offer a wide selection of training materials and good customer support. You can find many in-depth video tutorials with supplementary text, divided into different categories by topic or difficulty levels in their library. But here’s the real kicker. You can access these courses for free!

Last but certainly not least, I want to mention that xStation 5 offers a beginner-friendly and excellent trading experience in a very intuitive interface with advanced charting, market sentiments, various tools for drawing, technical indicators for analysis, and live trader statistics.

Pros Cons
Quick order execution Spreads differ depending on the location
Well-Regulated Stock CFD fees
Excellent trading academy and cost-free live webinars
Free credit card deposits and 0 fees for deposits
Publicly traded company

Mobile App: 4.7/5

Regulation: 4.7/5

Fees: 4.7/5

Min. Deposit: $0

Overall: 4.7/5

Great For Options
Firstrade Logo

PFI Rating: 4.7/5

Firstrade – Good Trading Platform for Options in Europe

Although Firstrade is based in the US, it’s still one of the best multi-asset brokers in Europe. Thus the platform accepts clients within the European Union from eligible countries.

It provides free stock trades from the American market. However, what makes this platform so unique is the ability for foreign customers to trade US-style options without fees and commissions.

The company was established in 1985. And it’s regulated by FINRA and SEC. Furthermore, regardless of where customers reside, they’re protected via the SIPC (Security Investor Protection Corporation), which provides protection of up to $500,000 for registered assets or $250,000 for cash.

On Firstrade Official Website

Great For: Options

Summary

The reason why Europeans like this platform is that it’s commission-free for those who want to trade US options. Other tradable assets include US stocks, funds, and bonds.

Note although you don’t pay anything for stock and options trades, international wire transfers cost $35. There’s no inactivity fee, maintenance fee, or fee for withdrawals for ACH transfers as well.

However, as of May 2021, margin rates between 4.5% and 8.75% took place. Moreover, you can use the mobile apps for Android or iOS or a web-based trading platform. To optimize the performance of gains and losses, you can easily apply limits, stops, trailing stops, OCOs, and guaranteed stops.

The design of the platforms isn’t as modern as the design of the previously mentioned competitors but it’s still functional. The mobile apps have recently gained a redesign. In our opinion, trading on their mobile apps is better than utilizing their web-based platform.

You can access Firstrade in Belgium, Austria, Denmark, France, Czech Republic, Germany, Poland, Spain, Italy, Ireland, Finland, Portugal, the UK, and Sweden.

Pros Cons
Quick order execution Spreads differ depending on the location
Well-Regulated Stock CFD fees
Excellent trading academy and cost-free live webinars
Free credit card deposits and 0 fees for deposits
Publicly traded company

Mobile App: 4.6/5

Regulation: 4.7/5

Fees: 4.7/5

Min. Deposit: $0

Overall: 4.7/5

Compare Trading Platforms in Europe

You can compare trading platforms below to see how they stack up.

eToro AvaTrade Interactive Brokers DEGIRO XTB Firstrade
Our Score: 4.9/5 4.9/5 4.9/5 4.7/5 4.7/5 4.7/5
Founded: 2007 2006 1978 2008 2002 1985
Regulation: FCA, CySEC, ASIC, FSAS CySEC, ASIC,FSCA, FFAJ, ADGM,ISA,Central Bank of Ireland SEC, CFTC, FCA, NFA, MAS, CBI, IIROC, ASIC, CSSF Netherlands Authority for the Financial Markets (AFM), FCA (Financial Conduct Authority), BaFin FCA, CySEC, IFSC SEC
Headquarters: Tel Aviv-Yafo, Israel Dublin, Ireland Greenwich, Connecticut, United States Amsterdam, Netherlands Poland New York, New York, United States
EU Clients Allowed: Yes Yes Yes Yes No Yes
Available Outside EU Yes Yes Yes Yes Yes Yes
Minimum Deposit: €50 - €10,000 (Israel Only) €100 €0 €0 €0 €0
Deposit Methods: PayPal, Skrill, Neteller, Credit Card, Debit Card, Rapid Transfer, iDEAL, Klarna / Sofort Banking, Bank Transfer, Online Banking - Trustly, POLi Credit/Debit Cards,Neteller,WebMoney,Wire Transfer Bank Wire, Credit Cards, ACH, Mail a check, Rollover, Online Bill Pay, Trustee-to-Trustee, SEP Contribution Bank Transfer Bank Transfer,Credit/Debit Cards,Skrill ACH, Check, Wire Transfer
Min. Trade: €10 (Stocks, ETFs, Crypto) €1000 on Leverage (Currencies, Commodities, Indices) Varies €1 €0 0.01 lots €0

Features Compared

eToro AvaTrade Interactive Brokers DEGIRO XTB Firstrade
Demo Account: Yes Yes Yes No Yes No
Islamic Account: Yes Yes Yes No Yes No
Margin: Yes Yes Yes Yes Yes Yes
Leverage: up to 1:30 up to 1:30 up to 1:30 up to 1:30 up to 1:30 up to 1:30
Copy Trading: Yes Yes No No No No
Trading Signals: No (Copy Trading) Yes No No Yes No

Platforms Compared

eToro AvaTrade Interactive Brokers XTB DEGIRO Firstrade
Mobile App: Yes Yes Yes Yes (xStation Mobile) Yes Yes
Proprietary Platform: Yes Yes Trader Workstation, Client Portal xStation 5 Yes Yes
Desktop: No Yes Yes (Trader Workstation) Yes (xStation 5) No Yes
cTrader: No No No No No No
DupliTrade: No No No No No No
MetaTrader4: No No No No No No
MetaTrader5: No No No No No No

Customer Service Compared

eToro AvaTrade Interactive Brokers XTB DEGIRO Firstrade
Email: Yes Yes Yes Yes Yes Yes
Phone Support: No Yes Yes Yes Yes Yes
Live Chat: No No Yes No No No

Markets Available

Compare the tradeable assets available at each platform below:

eToro AvaTrade Interactive Brokers XTB DEGIRO Firstade
Stocks: Yes Yes Yes Yes Yes Yes
Forex: Yes Yes Yes Yes No No
Commodities: Yes Yes Yes Yes Yes No
Indices: Yes Yes Yes Yes Yes No
Cryptocurrencies: Yes Yes Yes Yes Yes Yes
ADR: No No Yes No No No
Options: No Yes Yes No Yes Yes
Mutual Funds: No No Yes No Yes Yes
ETFs: Yes Yes Yes Yes No Yes
Binary Options: No No No No No No

How To Choose an Investment Platform in Europe?

A trading platform includes financial software and financial research tools that brokerages produce and control to help different types of clients place orders on global markets.

However, keep in mind that platforms differ depending on the provider, so you will want to focus on the brokers which come with the greatest and most reliable trading platform.

The trading platform plays a vital part in linking traders with world markets, which is why you will want to utilize the trading platform, which offers versatility and advanced features.

When choosing the right platform, pay attention to usability. A trading platform should be user-friendly and loaded with intuitive features so that traders of all levels of expertise can be able to use them. Some trading platforms in the European Union are made with beginners in mind.

Some brokers in Europe provide more complex trading platforms with features suitable for professional and advanced traders and beginners. Other brokers use multiple trading platforms to meet the needs of different users. So, if you’re a newbie, don’t fret as you have many options!

Now, let’s take a closer look at some of the factors you need to consider when choosing the right trading platform in the European Union and all around the world, for that matter.

Regulations

Every broker says they’re the best in their field of expertise. However, you won’t know if they’re honest until you utilize their services.

Thus, always look for brokers regulated by a local regulatory agency. Stick to reliable and safe trading platforms that hold regulations from large nations like Germany, the UK, etc. The easiest way to determine if a broker is reliable is by checking their licenses.

That way, you will know if they lead a proper operation. Furthermore, stick with companies with a good reputation and track record in offering high-quality trading services in Europe.

If you’re a newbie, opt for brokers who provide tutorials and good customer support. However, if you’re a professional, choose a trading platform in Europe that serves only advanced traders. These platforms have lower fees and don’t provide educational resources.

The quality of the trading service

The best trading platforms in Europe must have access to excellent trading resources like trading tools, a wide range of educational resources, audio, video, pdf tutorials, etc. So, pay attention to the trading research tools when choosing a trading platform.

Your needs and requirements

Most European brokers provide a similar selection of services, such as ETFs, bonds, derivatives, individual stocks, leveraged products, and instruments.

Newbies often pick stocks and ETFs combined. Additionally, keep in mind that hand-picked stocks make a better choice because you can manage the portfolio more precisely.

Furthermore, the S&P 500 index and other similar ETFs and indexes offer great exposure to a basket of best companies at a low price. They also require fewer trading choices. So, they’re easier to manage, which is why some beginners prefer gold ETFs to be able to invest in the market. For Example, the S&P 500 tracks approximately 500 large companies in the US.

Commissions and fees

When choosing the best trading platform in Europe, it’s essential to consider the commissions and fees. Some can be relatively low, while others can be extremely high.

Therefore, if you’re a beginner, it’s better to choose a low-fee broker to prevent decreasing your profits.  It’s also crucial to check if any commission is charged upon withdrawing money.

Overall, you should understand the dynamic of commissions and fees despite what provider you choose. You can also find commission-free providers such as eToro in Europe.

Compare the trading fees below:

eToro AvaTrade Interactive Brokers XTB
Inactivity Fee: €10/month €50/quarter €0 €10/month (after 1 year of no login activity)
Stocks ($1000 APPL Buy and Sell in 1 Week) 0% for selected real stocks and Spread for Stock CFDs 0.13% Spread €0 Commission 0.03 (CFD)
Forex: Varied Spread Spread (0.9 - 700) min. €2/order 0.5 pip
Bonds: N/A 0.03 - 0.06 Over Market €0 per trade (remove liquidity)$0.10 per trade (add liquidity) N/A
ETFs: Varied Spread 0.13% - 0.15% €0 Commission from 0.08%
Crypto: Varied Spread 0.2% - 2% Over Market 0.18% from 0.22%
CDFs: Varied Spread Spread Spread Spread
Withdrawal Fee: €5 €0 €0 €0
Deposit Fee: €0 €0 €0
Monthly Fee: No No No No

User-friendly design

The trading platform provided by brokers should be loaded with different features. However, they need to have a user-friendly design as well. Meaning they should be easy to use.

The trading platforms often come in two options, including mobile-based and web-based. You can access web-based platforms through a computer or laptop, while mobile-based platforms can be accessed from a mobile device. If you have a busy lifestyle, opt for a mobile-based platform.

Reputation

I highly suggest that you read online reviews of brokers from trusted sources like Reddit, Trustpilot, and so on before you open an account.

Moreover, stay away from low-profile brokers and pick a broker with a well-respected image. That way, you will avoid getting scammed.

European brokers safety

Some brokers can provide the best trading platform with many services and great prices. However, that doesn’t matter if the providers can't guarantee the safety of their clients.

Therefore, safety should be at top of your priority list when choosing trading platforms or brokers. And the only way you can ensure your safety is to check the regulatory licenses and the online reviews. I also recommend that you opt for older brokerages instead of younger ones.

Furthermore, if you’re a new trader, you need to stick with brokers who deliver simple pricing structures and educational resources. Excellent and fast online support matters as well.

Minimum deposits for trading

When picking the right brokerage for your trades, the minimum deposits play an important part as well. This is because these requirements can be relevant to your initial budget.

Some European trading platforms have minimum deposit requirements, whereas others have very low minimum deposit requirements. I suggest you don’t focus on cheap European brokers but consider only those with the trading options you need to increase your chances of your future trades being fruitful.

Last but not least, I want to mention that you can open a demo account that includes a virtual fund and offers a real trading experience. That way, you can get familiar with the trading process before you start trading with your real capital.

Best Forex Broker

AvaTrade Logo

PFI Rating 4.9

  • Well Regulated
  • Social Trading
  • Best For Forex

76% of retail investor accounts lose money when trading CFDs with this provider.

Best Overall

etoro logo

PFI Rating 4.9

  • Well Regulated
  • 0% Commission Stocks
  • Copy Trading

68% of retail investor accounts lose money when trading CFDs with this provider.

Best Market Access

Interactive Brokers Logo

PFI Rating 4.9

  • Well Regulated
  • Low Fees
  • Best Market Access

69.0% of retail investor accounts lose money when trading CFDs with IBKR.

Final Tips

Every investment comes with a risk. However, if you choose the right trading platform in Europe, you will be on the right path. So, compare the Best Stock Brokers in Europe we’ve listed above and pick the one that meets your needs.

About the author

Ziga Breznik is the owner and head of research at PublicFinanceInternational.org – he is an active investor in the forex, crypto and stock markets – he has seen trading platforms disappear along with his investments – especially during the “crypto boom”. Ziga learned the hard way that finding a reputable and trustworthy online brokerage is key to long-term success in the financial markets. He founded PublicFinanceInternational.org as a platform where he shares his research with one goal in mind: to provide unbiased and trustworthy online brokers reviews.