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Best brokers for beginners in Belgium in 2022

Passfolio Logo
1st place
Passfolio
Alpaca Trading Logo
2nd place
Alpaca Trading
EasyEquities Logo
3rd place
EasyEquities

To find the best online brokers for beginners in Belgium in 2022, we went ahead and did the research for you. We conducted interviews with newcomers who had little to zero trading experience trading. We tested 102 brokers, of which 5 made it to the top. Let's see the winners!

The best online brokers for beginners in Belgium in 2022 are:

  1. Passfolio - the best broker for beginners in Belgium in 2022. Free US stock and ETF trading. Great mobile platform. Fast and fully digital account opening.
  2. Alpaca Trading is our runner-up. Great API trading service. Free stock & ETF trading. Fantastic charting tools.
  3. EasyEquities placed third. Low trading fees and non-trading fees. Excellent educational materials. Easy and fully digital account opening.
  4. DEGIRO is at number four. One of the lowest fees on the market. Regulated by top-tier authorities. Easy-to-use web and mobile platform.
  5. Firstrade just made it to the list in fifth place. Free stock, ETF, fund and options trading. Solid research tools. Quality educational tools.

Best brokers for beginners
The essence

Passfolio is our winner, the best broker for beginners in 2022. It is the best broker available in your country that is best suited for beginner needs. Beginner traders need an easy-to-use mobile trading platform, good educational material and transparent, low fees.

All the other brokers in the top five are considered great choices as well. Pick any of them and take the next step in your investment journey. Let us know what you think in the comments section.

What makes a great broker for beginners? Two things above all: low fees and an excellent mobile trading platform.The service should fit your needs and make everything easy. It should also offer great educational tools, like a demo account or learning material. All that is easy to list, but hard to figure out. That's why we are testing trading platforms based on nearly 500 criteria, using real brokerage accounts and real money.



Now let’s look at the key details for the best trading platforms for beginners in 2022 along the most important parameters!

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Not sure which broker is best for you? For a tailored recommendation, check out our broker finder tool. You can enter your country and it will narrow down the list of brokers to those that are available where you live. Want more details? Compare brokers with the help of our in-depth comparison tool.

Fees at the best brokers for beginners

Passfolio Alpaca Trading EasyEquities DEGIRO Firstrade
US stock $0.0 $0.0 $5.0 $1.2 $0.0
UK stock - - - $3.9 -

All commissions are for opening a position, holding for a week, and closing.

Non-trading fees at the best brokers for beginners

Passfolio Alpaca Trading EasyEquities DEGIRO Firstrade
Account fee No No No No No
Inactivity fee No No No No No
Withdrawal fee $0 $0 $0 $0 $0

Minimum deposit and fee score at the best brokers for beginners

Best brokers for beginners in Belgium in 2022
Broker Info Fees score Minimum deposit
#1 Passfolio Global zero-commission stockbroker 4.3 stars $0
#2 Alpaca Trading US API broker 4.9 stars $0
#3 EasyEquities South African stockbroker 4.4 stars $0
#4 DEGIRO German-Dutch discount broker 4.6 stars $0
#5 Firstrade US discount broker 4.5 stars $0

Platform comparison for best brokers for beginners

Passfolio Alpaca Trading EasyEquities DEGIRO Firstrade
Mobile platform score 4.8 stars 4.2 stars 4.1 stars 4.5 stars 3.8 stars
Web platform score 3.8 stars 3.7 stars 3.3 stars 4.0 stars 4.3 stars

Overall scores for the top recommended brokers for beginners in 2022

Passfolio Alpaca Trading EasyEquities DEGIRO Firstrade
Fees score 4.3 stars 4.9 stars 4.4 stars 4.6 stars 4.5 stars
Mobile platform score 4.8 stars 4.2 stars 4.1 stars 4.5 stars 3.8 stars
Education score 2.5 stars 5.0 stars 5.0 stars 3.0 stars 3.5 stars
Customer service score 3.5 stars 2.4 stars 0.5 stars 4.4 stars 0.3 stars
Deposit and withdrawal score 2.8 stars 1.8 stars 3.6 stars 3.0 stars 2.0 stars
Visit broker Visit broker Visit broker Visit broker Visit broker

Not sure which broker is best for you? For a tailored recommendation, check out our broker finder tool. You can enter your country and it will narrow down the list of brokers to those that are available where you live. Want more details? Compare brokers with the help of our in-depth comparison tool.

And now, let's see in detail the best online brokers for beginners in 2022 one by one:

Passfolio Logo

#1 Best broker for beginners
Passfolio

Passfolio, a global zero-commission stockbroker, is a young and ambitious brokerage founded in 2018. It is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In addition to the top-tier regulation, clients also enjoy investor protection under the SIPC policy of Passfolio's clearing firm for up to an additional $30 million (with a cash sub-limit of $900,000 per account), subject to an aggregate limit of $150 million.

There is a distinct focus on Brazilian customers at Passfolio, as evidenced by the fact that a good portion of the content it offers is available in Portuguese. 

Passfolio is considered safe because it is regulated by top-tier authorities and offers extra protection to investors. 

HEADS UP: As of July 2022, Passfolio changed its clearing broker and stopped accepting customers from most countries. This is a major development as previously the broker accepted clients from more than 170 countries worldwide. Supported countries at the broker are: Brazil, Colombia, Mexico, Nigeria, and the US. Residents of unsupported countries cannot open an account at Passfolio and those with an account need to sell all their assets by the end of July 2022. Starting from August 1, 2022 the broker charges a $100 monthly fee for users located in unsupported countries. 

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#1 Passfolio
Mobile trading platform
4.8

Passfolio's mobile platform boasts a clear-cut design and its search functions are also solid. What's missing is a wider selection of order types.
Pros Cons
User-friendly Limited order types
Two-step (safer) login
Good search function
Best brokers for beginners - Passfolio trading platform

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#1 Passfolio
Education
2.5

Passfolio's education services are limited and not varied. There are some high-quality educational articles and a YouTube channel with market updates in Portuguese.
Pros Cons
Quality educational texts No demo account
Educational videos No trading platform tutorial videos
Best brokers for beginners - Passfolio education

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Alpaca Trading Logo

#2 Best broker for beginners
Alpaca Trading

Alpaca Trading is a commission-free API stockbroker founded in 2015. Alpaca is based in San Mateo, CA. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), both top-tier regulators that bolster Alpaca Trading's safety for investors and traders.

Alpaca provides access to US stock markets, historical data, and fundamental data through their API. Alpaca's founders believe their software allows retail traders to capitalize on the machine learning and automation that historically only institutional investors have been able to use. Coders have the opportunity to build their own algorithms and contribute to the Alpaca developer community. Alpaca founders have expressed interest in eventually opening up pre-made algorithms to non-coders, but for now, their platform also includes capabilities for manual order-entry and research.

 

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#2 Alpaca Trading
Mobile trading platform
4.2

The mobile platform is even simpler than the web platform. It is similarly easy to use, but likewise has a poor search function and no price alerts. Logging in can also be complicated.
Pros Cons
User-friendly Poor search function
Two-step (safer) login No price alerts
Order confirmation No Touch/Face ID login
Best brokers for beginners - Alpaca Trading trading platform

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#2 Alpaca Trading
Education
5.0

Alpaca offers videos and step-by-step guides for investing, algorithm trading and use of their API, including detailed manuals and FAQs for beginners.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos
Best brokers for beginners - Alpaca Trading education

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EasyEquities Logo

#3 Best broker for beginners
EasyEquities

EasyEquities is a South African stockbroker founded in 2014. EasyEquities is regulated by South Africa's Financial Sector Conduct Authority (FSCA) and the Australian Securities and Investments Commission (ASIC). EasyEquities is part of the Purple Group, which is listed on the Johannesburg Stock Exchange.

EasyEquities is considered safe because it is regulated by the top-tier ASIC and its parent company is listed on an exchange.

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#3 EasyEquities
Mobile trading platform
4.1

The EasyEquities mobile trading platform is user-friendly, has a good search function and offers price alerts. On the negative side, order types and login options are limited.
Pros Cons
User-friendly No two-step (safer) login
Good search function Limited order types
Price alerts No Touch/Face ID login
Best brokers for beginners - EasyEquities trading platform

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#3 EasyEquities
Education
5.0

EasyEquities has great educational materials. You can use demo accounts, participate in webinars, watch educational videos and read quality texts.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos
Quality educational texts
Best brokers for beginners - EasyEquities education

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DEGIRO Logo

#4 Best broker for beginners
DEGIRO

DEGIRO is a German-Dutch online discount broker. It was established in 2008 by former employees of another brokerage company in the Netherlands. DEGIRO merged with flatexDEGIRO Bank AG in early 2021, creating the biggest online execution-only broker in Europe with its own banking license.

Check out our DEGIRO review tailored to the needs of beginner investors and traders.

DEGIRO is regulated by top-tier financial authorities such as the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, or BaFin) in Germany.

Disclaimer: Investing involves risk of loss.

Disclaimer for UK clients: Deemed authorised and regulated by the Financial Conduct Authority (FCA). The nature and extent of consumer protections may differ from those applicable to firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the FCA's website.

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#4 DEGIRO
Mobile trading platform
4.5

DEGIRO's mobile app has a basic but good design and is pretty straightforward to use.
Pros Cons
User-friendly No price alerts
Two-step (safer) login
Touch/Face ID login
Best brokers for beginners - DEGIRO trading platform

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#4 DEGIRO
Education
3.0

DEGIRO has OK educational tools about investing and on how to use its platform, though we missed a demo account.
Pros Cons
Trading platform tutorial No demo account
Educational videos
Best brokers for beginners - DEGIRO education

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Firstrade Logo

#5 Best broker for beginners
Firstrade

Firstrade is a US discount stockbroker regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The company was founded in 1985 under the name First Flushing Securities.

Firstrade is considered safe because it has a long track record and is overseen by top-tier regulators.

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#5 Firstrade
Mobile trading platform
3.8

Firstrade's mobile platform is user-friendly with a great search function. On the other hand, two-step login is not available and you can't trade mutual funds or bonds.
Pros Cons
User-friendly No two-step (safer) login
Good search function Mutual funds and bonds are not covered
Good variety of order types
Best brokers for beginners - Firstrade trading platform

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#5 Firstrade
Education
3.5

Are you a beginner or do you believe in lifelong learning? Then Firstrade is clearly a good match for you. They offer great educational articles, a useful glossary, a bunch of platform videos and webinars. However, there is no demo account.
Pros Cons
Trading platform tutorial No demo account
Educational videos
Best brokers for beginners - Firstrade education

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Best brokers for beginners
What makes a great broker for beginners

Now you know which are the best brokers for beginners. Curious how we assembled this list? Let's go through two points in a bit more detail: whether these brokers are reliable, and what criteria we looked at as we compiled the list.

Are these brokers reliable?

You can be sure none of the brokers in our top list is a scam. They are all regulated by at least one top-tier authority. Some of them are also listed on a stock exchange, and some have a banking background, which all add an extra layer of security.

How did BrokerChooser pick the best brokers for beginners?

Here at BrokerChooser, we test online brokers along nearly 500 criteria, using real accounts and real money. We don't want to overwhelm you, so we'll list only the three most important criteria we used to identify the best brokers for beginners:

3 most important criteria for finding the best brokers for beginners in 2022
1. Fees The overall cost of a typical trade can be 10-15 times higher at one broker than at another. So it pays to take a close look at fees.
2. Mobile trading platform A user-friendly and well-equipped trading platform can significantly increase your comfort with trading.
3. Education Are you unfamiliar with concepts like spread or leverage? Good educational tools can help you understand the basics of trading.

Best brokers for beginners
Glossary

Here is a glossary to help you with some terms in our review:

Inactivity fee: a fee that is charged when a customer has not done any buying or selling on their brokerage account for a specific amount of time determined by the brokerage.

Withdrawal fee: an amount you need to pay when you withdraw money from your trading account to your bank account.

Deposit fee: this is charged when you send money to your trading account at an online broker. The fee may differ depending on the method of transfer (i.e. bank card, bank transfer, e-wallets, etc.).

Regulators: these are official bodies established by governments or other organizations to oversee the functioning and fairness of financial markets, including markets, exchanges and firms. They also oversee that investors are not fooled by scams, and in case of wrongdoing, they try to provide some level of financial and legal backing.

Investor protection: this means that up to a certain limit, you get your money back if the broker goes into bankruptcy or commits fraud.

Non-trading fees: charges not directly related to trading, such as deposit/withdrawal fees or inactivity fees.

Trading fees: these are charged when you trade; for instance, in the form of a commission, spreads, financing rates, margin rates or a conversion fee.

Still sounds confusing? You can dive into our broader glossary explaining all the exotic terms of the financial world. We also have a forex trading glossary dedicated to terms specifically related to forex trading.

Best brokers for beginners
Start your learning

If you are a beginner, the best way to set off on your investment journey is by learning. Don't know where to start? Check out our education page, where you can find a lot of useful learning materials.

Learn about the pros and cons of investing your money on your own, or about the difference between trading and investing. You can also take a look at this article on account opening if you want to learn how to open a trading account.

For beginner buy-and-hold investors, we recommend reading our how to buy shares and how to buy ETFs articles.

For beginners who want to learn to trade, we can offer even more. A former professional trader explains how to become a trader. Many beginner traders start with forex trading. If you don't know anything about this topic, start with our forex primer article.

Still unsure which broker to choose? Use our broker finder tool to find the best broker for you, or learn more about investing your money.

Best brokers for beginners
FAQ

Which broker should I use as a beginner?

Low fees and an excellent mobile platform make a broker great for beginners. Beginners can also benefit greatly if a broker has excellent educational material, and tools, such as a demo account. The best way to start your journey in the world of investing is by learning. We provide a great starting point on our education page, where you can find a lot of useful learning materials. Here we give you some tips on how to start investing. To find the best online broker for your level of expertise and risk-tolerance, use our find my broker tool.

Which broker should I use as a beginner?

Low fees and an excellent mobile platform make a broker great for beginners. Beginners can also benefit greatly if a broker has excellent educational material, and tools, such as a demo account. The best way to start your journey in the world of investing is by learning. We provide a great starting point on our education page, where you can find a lot of useful learning materials. Here we give you some tips on how to start investing. To find the best online broker for your level of expertise and risk-tolerance, use our find my broker tool.

Where should a beginner invest in stocks?

Before you make stock investments, you should draw up a plan, which involves several basic questions you ought to think about, such as what is your objective, how much time do you want to spend investing and what level of risk you want to take. For beginners, one of the best ways to to starting investing in stocks is choosing an index fund or stock mutual funds, which are an easy and low-cost way to tip your toe into the stock market. We put together a guide on how to start investing in stocks, and how to buy shares online. We explicitly guide you through how to invest in stocks. We also give you tips on how much you should invest when you are starting out. You can also browse through our top recommendations for best trading platforms for stocks.

Is trading gambling?

Trading is not gambling, although some poeple might treat it like that, but they will learn quickly that gamblers lose their money. The goal of a trader is to make predictions that will be as accurate as possible to make money, while gamblers can't predict anything, they bet. People who trade for the thrill of it, or because they want to prove something, or can’t accept losing on the market from time to time, and don’t have a plan or consistency, are trading in a gambling style. New online trading apps have recently come under the spotlight for bringing a gambling aspect into trading. The gamification of trading, with easy-to-use online platforms, little education for retail traders and the social pressure of ‘FOMO’ also contribute to a gambling attitude on the market. Serious traders should consider their objectives, their attitudes to risk, and carefully devise an investment strategy when entering a market.

Is trading hard to learn?

Trading is not diffficult to learn if you invest enough time and energy into it. But that is a big if. Plenty of people trade, but the more time you spend studying trading, the more you practice, - as with everything else -, the better results you can expect. Knowing yourself, your attitude to risk-taking, and being patient and disciplined are also crucial factors if you want to be successful. Keep a cool head, don’t look for easy money, commit to studying trading and always have a trading plan. Our aim is to make personal investing as clear and accessible for you, as possible. Our educational page is a good starting point. You can also learn from our expert traders about the difference between investing and trading, and learn here about how to become a trader. You can also learn about different investment strategies from us.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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