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To find the best online brokers for beginners in Croatia in 2020, we went ahead and did the research for you. We made interviews with newbies, without any trading experience. We tested 78 brokers and 5 made it to the top. They confirmed these top 5. And now without further ado...

The best online brokers for beginners in Croatia in 2020 are:

  1. eToro is the best broker for beginners in Croatia in 2020. Free stock and ETF trading . Seamless account opening. Social trading experience.
  2. Saxo Bank is the runner-up. Great trading platform. Outstanding research. Broad product portfolio.
  3. Swissquote is placed number three. Access to many markets and products. No inactivity fee. Rock-solid background.
  4. Zacks Trade is number four. Low fees. Extensive stock and ETF selection. Great customer service..
  5. Comdirect made it to the best broker for the beginner list. Extensive range of products and exchanges. Great mobile platform. Rock-solid background.
Best brokers for beginners in Croatia in 2020
Broker Info Best in
#1 eToro Global social trading broker Best broker for cryptos
#2 Saxo Bank Danish investment bank Best web trading platform
#3 Swissquote Swiss investment bank
#4 Zacks Trade US discount broker
#5 Comdirect German investment bank

What makes a good broker for beginners? Two things above all: keep it simple and guide the client. The trading platform needs to be clean, and understandable. Fair fees are also important (learn more about brokerage fee here). Have great educational tools, like a demo account, provide webinars or courses. It must be easy to open an account and deposit.

Easy to list, but hard to figure it out. We are testing brokers along more than 100 criteria with real accounts and real money. We know what's up.

Not sure which broker? For a tailored recommendation, check out the broker finder tool. You can enter your country and it will show only the relevant brokers. Want more details? Compare brokers with this detailed comparison table.

And now, let's see the best online brokers for beginners in Croatia in 2020 one by one. Starting with the winner, eToro.

eToro Logo

#1 Best broker for beginners
eToro

4.7

eToro is a well-known Israeli fintech company, a social trading broker, established in 2007.

eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is not listed on any stock exchange, does not disclose its annual report on its site and does not have a bank parent.

eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech company.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

Recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading

Pros Cons
Free stock and ETF trading High forex fees
Seamless account opening Withdrawing money can be slow
Social trading experience Only one account base currency

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#1 eToro
Web trading platform
4.4

eToro offers a user-friendly and well-designed web trading platform. Social trading is available, too. On the other hand, the customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best brokers for beginners - eToro trading platform
eToro trading platforms
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Web platform score 4.4 stars 5.0 stars 4.3 stars 4.5 stars 4.4 stars
Mobile platform score 4.9 stars 5.0 stars 4.7 stars 3.5 stars 4.7 stars
Desktop platform score - 5.0 stars 3.4 stars 3.0 stars 3.5 stars

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#1 eToro
Fees
4.3

eToro offers free stock trading. On the negative side, forex trading fees are high and there is a fee charged for inactivity or withdrawal.
Pros Cons
Low trading fees Withdrawal fee
Free stock trading Monthly inactivity fee after 1 year of no trading
Low CFD fees
eToro fees
eToro Saxo Bank Swissquote Zacks Trade Comdirect
US stock $0.0 $10.0 $25.0 $1.0 $15.5
UK stock $0.0 $10.4 $32.5 $15.6 $15.5
EURUSD benchmark fee $8.8 $7.9 $17.6 - $18.9

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#1 eToro
Education
2.5

eToro's education tools are limited, with only some medium-quality videos about investing available.
Pros Cons
Demo account Basic educational videos
Intro guide to the platform
Best brokers for beginners - eToro education

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#1 eToro
Account opening
5.0

Account opening at eToro is seamless and very fast.
Pros Cons
Fast None
Fully digital
Low minimum deposit
eToro minimum deposit and time to open an account
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Minimum deposit $200 $10,000 $0 $0 $0
Time to open account 1 day >3 days 1 day >3 days >3 days

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#1 eToro
Deposit and withdrawal
3.5

Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
Pros Cons
Credit/Debit card available Only one account base currency
No deposit fee $5 withdrawal fee
User-friendly Conversion fee for non-USD deposits
eToro withdrawal fee and options
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No No No
Electronic wallets Yes No No No No
Withdrawal fee $5 $0 $10 $0 $0

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#1 eToro
Verdict

eToro has zero-commission stock trading. Account opening is swift and seamless. It has a lot of innovative features, like social trading and copying other (successful) traders.

It has some drawbacks, though. Forex fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. Live chat is hard to reach and their educational materials could be better.

Overall, we would recommend eToro for its social trading feature and zero-commission stock trading.

Risk disclaimer

eToro is a multi-asset platform that offers both investing in stocks and crypto assets as well as trading CFD assets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.

Past performance is not an indication of future results.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro
Summary eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.3 stars
Recommended for Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading

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Saxo Bank Logo

#2 Best broker for beginners
Saxo Bank

4.8

Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA). 

Saxo Bank is a global service provider and its subsidiaries are present in the form of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, a banking background and is regulated by top-tier financial authorities.

Recommended for investors and traders looking for a great trading platform and solid research

Pros Cons
Great trading platform High bond, options and futures fees
Outstanding research High minimum deposit
Broad product portfolio Lacks live chat and 24/7 availability

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#2 Saxo Bank
Web trading platform
5.0

Saxo Bank's web trading platform is one of the best among online brokers. While it's easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Best brokers for beginners - Saxo Bank trading platform
Saxo Bank trading platforms
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Web platform score 4.4 stars 5.0 stars 4.3 stars 4.5 stars 4.4 stars
Mobile platform score 4.9 stars 5.0 stars 4.7 stars 3.5 stars 4.7 stars
Desktop platform score - 5.0 stars 3.4 stars 3.0 stars 3.5 stars

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#2 Saxo Bank
Fees
3.0

Saxo Bank has average trading and non-trading fees overall. Trading fees vary greatly between different asset classes.
Pros Cons
Low forex fees Inactivity fee
Low fund fees High bond, options and futures fees
No withdrawal fee
Saxo Bank fees
eToro Saxo Bank Swissquote Zacks Trade Comdirect
US stock $0.0 $10.0 $25.0 $1.0 $15.5
UK stock $0.0 $10.4 $32.5 $15.6 $15.5
EURUSD benchmark fee $8.8 $7.9 $17.6 - $18.9

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#2 Saxo Bank
Education
4.5

If you want to improve your financial knowledge, Saxo Bank has a lot to offer. You can use a demo account, attend webinars or watch educational videos.
Pros Cons
Demo account No educational articles
Trading platform tutorial
Educational videos
Best brokers for beginners - Saxo Bank education

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#2 Saxo Bank
Account opening
2.5

Saxo's account opening is fully digital, user-friendly and available in most countries. On the other hand, the minimum deposit is high in certain countries and account verification can take longer.
Pros Cons
Fully digital Minimum deposit is high in certain countries
User-friendly Slow account verification
Available in almost every country
Saxo Bank minimum deposit and time to open an account
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Minimum deposit $200 $10,000 $0 $0 $0
Time to open account 1 day >3 days 1 day >3 days >3 days

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#2 Saxo Bank
Deposit and withdrawal
4.8

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available Electronic wallets not available for deposit or withdrawal
Free withdrawal
No deposit fee
Saxo Bank withdrawal fee and options
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No No No
Electronic wallets Yes No No No No
Withdrawal fee $5 $0 $10 $0 $0

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#2 Saxo Bank
Verdict

Saxo Bank is a great broker, providing a complex and good service.

It offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.

It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.

In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly adapted to the needs of clients.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA.
Fees score 3.0 stars
Recommended for Investors and traders looking for a great trading platform and solid research

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Swissquote Logo

#3 Best broker for beginners
Swissquote

4.5

Swissquote is a Swiss investment bank established in 1996. It has two main trading arms: a Swiss unit for trading stocks, funds, options and futures and a company in the UK for CFDs and forex.

Formally, Swissquote Bank Ltd is based in Switzerland and is regulated by the Swiss Financial Market Supervisory Authority (FINMA), the country's financial regulator.

The other entity, Swissquote Ltd, is UK-based and offers CFDs and forex trading. It is regulated by the Financial Conduct Authority (FCA), the UK's financial authority.

Swissquote is considered safe because Swissquote Bank Ltd has a banking license, it is listed on the Swiss stock exchange, discloses detailed financials regularly and has a long track record.

In this review, we focus mainly on the Swiss entity, but also discuss services of the UK arm, especially in the case of CFD and forex trading. To make it clear which company we are talking about, we will refer to the Swiss entity as "Swissquote (CH)" and to the UK-based entity as "Swissquote Forex (UK)".

Recommended for affluent investors who value safety and are ok with higher fees

Pros Cons
Access to many markets and products High trading fees
No inactivity fee Confusing trading platform selection
Rock-solid background Some research tools are not free

#3 Swissquote
Web trading platform
4.3

The Swissquote (CH) eTrading platform has a lot of functions, so many that sometimes it can get complicated. Customizability is good and there is a clear overview of trading fees, but it's easy to get lost on the platform.
Pros Cons
Clear fee report Easy to get lost among functions
Two-step (safer) login
Good search function
Best brokers for beginners - Swissquote trading platform
Swissquote trading platforms
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Web platform score 4.4 stars 5.0 stars 4.3 stars 4.5 stars 4.4 stars
Mobile platform score 4.9 stars 5.0 stars 4.7 stars 3.5 stars 4.7 stars
Desktop platform score - 5.0 stars 3.4 stars 3.0 stars 3.5 stars

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#3 Swissquote
Fees
1.6

Swissquote charges no inactivity fee and you can trade an impressive selection of funds for favorable fees. On the other hand, trading fees are generally high, including stocks and ETFs fees, and there is a fee for withdrawing your money.
Pros Cons
Low fund fees High trading fees
No inactivity fee High stock and ETF fees
Low financing rate High bond fees
Withdrawal fee at Swissquote (CH)
Swissquote fees
eToro Saxo Bank Swissquote Zacks Trade Comdirect
US stock $0.0 $10.0 $25.0 $1.0 $15.5
UK stock $0.0 $10.4 $32.5 $15.6 $15.5
EURUSD benchmark fee $8.8 $7.9 $17.6 - $18.9

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#3 Swissquote
Education
5.0

Swissquote provides easy-to-understand and professional educational videos, ebooks, webinars and tutorials.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos
Best brokers for beginners - Swissquote education

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#3 Swissquote
Account opening
4.0

Swissquote offers a fully digital account opening process, although we encountered wait times. There is no minimum deposit for trading accounts, but a high minimum for forex and robo-advisory accounts.
Pros Cons
Fully digital Long wait times
No minimum deposit for trading account Forex and robo-advisor accounts have high minimum
Swissquote minimum deposit and time to open an account
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Minimum deposit $200 $10,000 $0 $0 $0
Time to open account 1 day >3 days 1 day >3 days >3 days

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#3 Swissquote
Deposit and withdrawal
4.1

Depositing at Swissquote is quick with credit/debit card and can be done in several base currencies. On the negative side, you can only withdraw money via bank transfer, and the Swiss entity charges fees.
Pros Cons
Credit/Debit card available Swiss entity charges withdrawal and deposit fees
Several account base currencies
Swissquote withdrawal fee and options
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No No No
Electronic wallets Yes No No No No
Withdrawal fee $5 $0 $10 $0 $0

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#3 Swissquote
Verdict

Swissquote is an investment bank with a rock-solid background:

  • It is Swiss,
  • it is listed on an exchange
  • and it is a bank

It has two main entities, one in the UK and one in Switzerland. If you open an account at the London-based entity you can trade forex and CFDs, while the Swiss entity gives you access to assets ranging from stocks to options.

Swissquote offers a broad range of products across many markets. There are many stocks, mutual funds, and a lot of different other types of products, from bonds to cryptos.

However, nothing is free: Swissquote's trading fees are relatively high

All in all, Swissquote is a great stockbroker. As you can trade many products and no inactivity fee is charged, feel free to give it a try.

Swissquote
Summary Swissquote is a Swiss online broker with a banking license. It is listed on the Swiss stock exchange and regulated by several authorities globally, including the top-tier UK FCA.
Fees score 1.6 stars
Recommended for Affluent investors who value safety and are OK with higher fees

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Zacks Trade Logo

#4 Best broker for beginners
Zacks Trade

4.6

Zacks Trade is a US-based discount broker and division of LMBZ Securities. LMBZ Securities was founded in 1978 and regulated by the top-tier SEC and FINRA.

LMBZ Securities' clearing and execution services are provided through Interactive Brokers, a global stockbroker regulated by many top-tier financial authorities globally.

If you've used Interactive Brokers' service, you might notice that many of Zacks Trade's services are the same. To summarize it:

  • Zacks Trade has a different fee structure, product selection, educational tools, and customer support.
  • The account opening, deposit/withdrawal, trading platforms, and research tools are the same as at Interactive Brokers.

Zacks Trade is considered safe because it has a long track record, discloses its financial statements annually (as a part of LBMZ Securities), and is regulated by top-tier regulators. 

Recommended for traders and investors looking for comprehensive research tools, wide product selection, and low fees

Pros Cons
Low fees Complex desktop platform and research tools
Extensive stock and ETF selection Slow and complicated account opening
Great customer service. Limited educational tools

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#4 Zacks Trade
Web trading platform
4.5

Zacks Trade web platform is simple and easy to use even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best brokers for beginners - Zacks Trade trading platform
Zacks Trade trading platforms
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Web platform score 4.4 stars 5.0 stars 4.3 stars 4.5 stars 4.4 stars
Mobile platform score 4.9 stars 5.0 stars 4.7 stars 3.5 stars 4.7 stars
Desktop platform score - 5.0 stars 3.4 stars 3.0 stars 3.5 stars

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#4 Zacks Trade
Fees
4.3

Zacks Trade has both low trading fees and low non-trading fees. The stock, ETF, and bond fees are especially low and the stock margin rates are spectacular. However, mutual fund fees are quite high.
Pros Cons
Low stock and ETF fees High fund fees
No inactivity fee
Low margin rates
Zacks Trade fees
eToro Saxo Bank Swissquote Zacks Trade Comdirect
US stock $0.0 $10.0 $25.0 $1.0 $15.5
UK stock $0.0 $10.4 $32.5 $15.6 $15.5
EURUSD benchmark fee $8.8 $7.9 $17.6 - $18.9

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#4 Zacks Trade
Education
2.5

Zacks Trade offers a demo account and videos on how to use their system. However, we missed some educational tools, such as general educational videos or webinars.
Pros Cons
Demo account No general education videos
Trading platform tutorial No webinars
Best brokers for beginners - Zacks Trade education

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#4 Zacks Trade
Account opening
2.8

Zacks Trade has a fully digital account opening and accepts clients from all over the world. You can start using your account by depositing less than $2,500, however, Zacks Trade recommends to deposit this amount. On the negative side, we found the process slow and hard to navigate.
Pros Cons
Fully digital Slow
No minimum deposit Not user-friendly
Zacks Trade minimum deposit and time to open an account
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Minimum deposit $200 $10,000 $0 $0 $0
Time to open account 1 day >3 days 1 day >3 days >3 days

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#4 Zacks Trade
Deposit and withdrawal
3.5

Zacks Trade has one free withdrawal per month for nearly all currencies offered. However, credit/debit cards and electronic wallets are not authorized to deposit or withdraw funds.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
Zacks Trade withdrawal fee and options
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No No No
Electronic wallets Yes No No No No
Withdrawal fee $5 $0 $10 $0 $0

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#4 Zacks Trade
Verdict

Zacks Trade is a great US discount broker. Zacks Trade is a division of LMBZ Securities, which is regulated by the SEC and FINRA.

On the plus side, Zacks Trade has low fees, outstanding stock and ETF selections, and great customer service.

There are some drawbacks though, the desktop trading platform and research tools are complex. The account opening is complicated and slow. Lastly, we missed some useful educational tools.

As Zacks Trade provides a demo account and doesn't require any minimum deposit, feel free to try it.

Zacks Trade
Summary Zacks Trade is a US discount broker, which also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by SIPC scheme, up to $500,000 (including $250,000 limit for cash).
Fees score 4.3 stars
Recommended for Traders and investors looking for comprehensive research tools, wide product selection, and low fees

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Comdirect Logo

#5 Best broker for beginners
Comdirect

4.3

Comdirect is a German investment bank established in 1994 and owned by Commerzbank, a major German bank. It is regulated by Germany's Federal Financial Supervisory Authority (BaFin) and is listed on the Frankfurt Stock Exchange.

Comdirect is considered safe because it has a long track record, is listed on a stock exchange, has a banking background and is regulated by the top-tier BaFin.

Being a German bank, all of Comdirect services are available only in German.

Recommended for investors and cfd traders speaking german and focusing on european securities

Pros Cons
Extensive range of products and exchanges High fees
Great mobile platform Complicated account opening for non-German/Austrian residents
Rock-solid background Slow phone support and no live chat

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#5 Comdirect
Web trading platform
4.4

Comdirect's web platform is well-designed and easy to use. It has great customization options but lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report CFD trading is on a separate platform
Two-step (safer) login
Best brokers for beginners - Comdirect trading platform
Comdirect trading platforms
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Web platform score 4.4 stars 5.0 stars 4.3 stars 4.5 stars 4.4 stars
Mobile platform score 4.9 stars 5.0 stars 4.7 stars 3.5 stars 4.7 stars
Desktop platform score - 5.0 stars 3.4 stars 3.0 stars 3.5 stars

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#5 Comdirect
Fees
2.0

Comdirect's trading fees are high for all asset classes except bonds. As a plus, non-trading fees are low, there is no withdrawal fee and an inactivity fee is charged only after 3 years.
Pros Cons
No withdrawal fee High trading fees
High stock and ETF fees
High forex fees
Comdirect fees
eToro Saxo Bank Swissquote Zacks Trade Comdirect
US stock $0.0 $10.0 $25.0 $1.0 $15.5
UK stock $0.0 $10.4 $32.5 $15.6 $15.5
EURUSD benchmark fee $8.8 $7.9 $17.6 - $18.9

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#5 Comdirect
Education
5.0

At Comdirect, you can expand your financial knowledge with multiple tools, ranging from a demo account to quality articles.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos
Best brokers for beginners - Comdirect education

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#5 Comdirect
Account opening
2.6

Account opening is easy and fully digital for German and Austrian residents, but is complicated and slow for others.
Pros Cons
No minimum deposit Slow
Fully digital account opening for German/Austrian residents Not fully digital
Complicated account opening for non-German/Austrian residents
Comdirect minimum deposit and time to open an account
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Minimum deposit $200 $10,000 $0 $0 $0
Time to open account 1 day >3 days 1 day >3 days >3 days

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#5 Comdirect
Deposit and withdrawal
3.5

Deposits and withdrawals are free of charge, but only bank transfer is available as a method.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Slow withdrawal - over 3 days
Several account base currencies
Comdirect withdrawal fee and options
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No No No No
Electronic wallets Yes No No No No
Withdrawal fee $5 $0 $10 $0 $0

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#5 Comdirect
Verdict

Comdirect is a German online broker established in 1994. Its parent company is Commerzbank, one of the biggest banks in Germany.

It is recommended for traders with a good knowledge of German.

Comdirect provides access to both European and overseas exchanges with a wide range of products. Its mobile platform is great and the broker is considered safe because it has a banking background, is listed on a stock exchange and is regulated by a top-tier authority.

On the other hand, fees are high, especially stock trading fees. Anyone can open an account, although for residents outside of Germany and Austria, the process is complicated and could take several weeks. There is no functioning live chat and phone support is a bit slow.

If you are looking for a customizable web and desktop platform for trading on the German markets, feel free to try out Comdirect.

Comdirect
Summary Comdirect is a German investment bank offering online banking and brokerage services.
Fees score 2.0 stars
Recommended for Investors and CFD traders speaking German and focusing on European securities

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Best brokers for beginners
What makes a great broker for beginners

Now you know the best best brokers for beginners. Curious how we came up with this list? Let's go through two points. Are they safe? How did we compile the list?

Are these brokers safe?

You can be sure none of them is a scam. They are regulated by at least one top-tier regulator. Some of them are also listed on an exchange, and some have a banking background.

However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of a broker bankruptcy, you are safe.

If everything goes very bad and for example, the broker steals your assets, then you have a last resort, the compensation fund of the country where the broker is regulated.

How did BrokerChooser pick the best brokers for beginners?

At BrokerChooser we test online brokers along more than 100 criteria, with a real account and real money. Not to overwhelm you we list the five most important criteria for brokers for beginners:

5 most important criteria for the best brokers for beginners in 2020
1. Web trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.
2. Fees The overall cost of a typical trade can be 10-15 times higher at one broker compared to another. Worth to check the fees.
3. Education You are not familiar with concepts like spread or leverage? Good educational tools help you understand the basics of trading.
4. Account opening Some online brokers require a minimum to invest, others don't set a minimal first-time deposit. Check out what the best online brokers require.
5. Deposit and withdrawal Withdrawing money from your account can be 5 times longer and more expensive at one broker compared to another.

Best brokers for beginners
Start your learning

When you are a beginner the best way to start your journey is to learn.

Find below some very useful learning materials to start with.

If you are considering starting. Check our learning page, a lot of great materials. You can learn about the pros and cons of investing your money on your own or the difference between trading vs investing. Also go to the learn section if you want to figure out whether you can open a foreign account.

For beginner buy and hold investors we recommend to read the how to buy shares. Have a six-step approach on how to buy shares online.

For beginners who want to learn to trade, we can provide even more. Robert, a professional trader, wrote on how to become a trader. Most of the beginner traders start with forex. If you don't anything about this topic, start with the forex 101. The CFDs also have become very popular. They are very risky. Start learning about CFDs with this CFD greenhorn and continue with the pros and cons of CFD trading.

Cryptos were among the hottest topics in 2017. Also super risky. Tibor dug in into it and found out the safest ways to invest in Bitcoin. A very interesting read, highly recommended if you are considering cryptos.

When more experienced and starting to explore futures options, you should definitely check out Gery's article on the topic.

Best brokers for beginners
Bottom line

You saw the details, now let's zoom out. Here are the best brokers for beginners in Croatia in 2020:

Best brokers for beginners in Croatia of 2020
eToro Saxo Bank Swissquote Zacks Trade Comdirect
Award Best broker for cryptos Best web trading platform
Fees score 4.3 stars 3.0 stars 1.6 stars 4.3 stars 2.0 stars
Account opening score 5.0 stars 2.5 stars 4.0 stars 2.8 stars 2.6 stars
Deposit and withdrawal score 3.5 stars 4.8 stars 4.1 stars 3.5 stars 3.5 stars
Markets and products score 3.8 stars 5.0 stars 5.0 stars 3.8 stars 5.0 stars
Web platform score 4.4 stars 5.0 stars 4.3 stars 4.5 stars 4.4 stars
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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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