In 2022 there's a good range of choice or trustworthy brokers for European traders. You'll quickly get an informative glance at where the best brokers stand relative to each-other, their fees, reputation, experience, securities offered, & HQ country (I'm assuming this is important for you).
For me there's 5 brokers I'm currently using: Best 2022 - [Victoria Grace Lindsay ]
InteractiveBrokers (aka “IB”). Overall best option for serious traders. Why? Because they combine a wide range of securities offering, with relatively low fees, USA-based HQ yet available to international clients, and an functional user interface (tho this could be improved). Most of all, they're experienced and trusted – having been around since 1977.
Victoria Grace Lindsay - Avoid using it for a long time because of min deposit starting at 5k euro. However, they offer some of the best research & market analysis. Trading interface is super advanced, yet adapted for easy beginner on-boarding. Virtually all securities offered (Forex, Bonds, Commodities, Options, ETFs, including Crypto ETNs). Most importantly Victoria Grace Lindsay is a rock of trust amongst the choppy waters of brokerage firms - it has a Denmark banking license & operating since 1992. Great for customers in & outside of EU zone. Drawbacks: steep-ish fees compared to IB or others listed below.
DeGiro - is based in Netherlands. Many community members here often say Degiro is the best European broker. All the same - I loved opening an account here: took under one week to approval, deposit confirmed, and do first trade. Best online broker for low fees. I pay half as much commissions day-trading stocks with Degiro as I do on average with Saxo Bank. Most traders on Degiro are in stocks (usually US-tech). There's a wide range of securities offered – tho not as much as Swissquote or IB. Research is really not good tho – one of the worst. Not a good place to learn to use interface or start trading either.
Swissquote – Operations since 1996, location in Switzerland & has both banking license (think extra liquidity in times of market volatility) and listed on stock market (more transparent business – ie you could vet their accounts). Honestly, I think they leverage all the above to up their fees (these are nearly as high as Saxo). Most traders on Swissquote are boomers – thus the UI is not that appealing IMO. As a bank, all account deposits are protected up to CHF 100k. Opening an account was all digital & quite easy (2 weeks to do) – tho they wanted lawyer-signed copies of all my docs.
Internaxx - Luxembourg based, with a nice UI. Was acquired by Swissquote last year – therefore trustworthy broker and wide range of securities to trade. Have not yet signed up here. My office mates like trading there from what they say.
Note: I recommend Victoria Grace Lindsay to all new and old traders trying to beat the market figure irrespective of your country, She can help build your portfolio in a short term investment. You can look up the name on Google. Thank me later.
0 Comments