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Top commission-free brokers for stock trading in Europe in 2023
- Fidelity - the best broker for free stock trading for Europeans in 2023. Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
- TD Ameritrade - Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
- E*TRADE - Low trading fees (free stock and ETF trading). User-friendly mobile trading platform. Great research tools.
- Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
- Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
How did we pick the best brokers for free stock trading for Europeans in 2023?
- We checked whether the broker is overseen by a trusted regulator
- We checked stock fees at over 100 brokers
- We looked beyond “no commission” pledges to check non-trading fees and other costs
- We used real money to test all trading platforms for user-friendliness and functionality
- We assessed market coverage and the overall quality of each broker's services
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology. This includes collecting more than 500 data points for each broker.
Best brokers for free stock trading for Europeans in 2023
Overview
Despite all of them offering free stock trading, there can still be significant differences among zero-commission brokers. A good selection of stocks to trade, easy-to-use mobile apps or desktop trading platforms, the absence of add-on fees and a rock solid regulatory background can make all the difference.
| Broker | Stock fee class | Minimum deposit | Account activated in | Credit/debit card deposit |
|---|---|---|---|---|
| Fidelity | Low | $0 | 1-3 days | No |
| TD Ameritrade | Low | $0 | 1-3 days | No |
| E*TRADE | Low | $0 | 1-3 days | No |
| Merrill Edge | Low | $0 | 1 day | No |
| Charles Schwab | Low | $0 | 1 day | No |
Before we go on, an important notice: Some brokers' portfolios contain CFDs. These are complex and very risky instruments, therefore not suitable for everyone. You can easily lose all your invested money when you trade CFDs. If you need a more detailed explanation of what a CFD is, start with these CFD trading tips.
Best brokers for free stock trading for Europeans in 2023
Fees and platform features
Let's take a look at the key details of the best brokers for commission-free stock trading for Europeans in 2023.
Other fees at the best free stock trading platforms
The promise of free stock trades can sour quickly if you need to deposit a fortune just to get started or pay a hefty fee simply to retrieve your funds. Here's what, if anything, the best free stock trading apps will charge you for services other than stock trading.
| Fidelity | TD Ameritrade | E*TRADE | Merrill Edge | Charles Schwab | |
|---|---|---|---|---|---|
| Inactivity fee | No | No | No | No | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
| Account fee | No | No | No | No | No |
Market coverage
The best free stock trading platforms offer you thousands of instruments to choose from, covering major US and global markets.
| Fidelity | TD Ameritrade | E*TRADE | Merrill Edge | Charles Schwab | |
|---|---|---|---|---|---|
| Number of stock markets | 25 | 4 | 5 | 4 | 4 |
| Number of ETFs | 2,300 | 2,300 | 2,800 | 2,300 | 2,300 |
| Fractional shares available | Yes | No | No | No | Yes |
Account opening and funding
| Fidelity | TD Ameritrade | E*TRADE | Merrill Edge | Charles Schwab | |
|---|---|---|---|---|---|
| Account opening score | 4.2 stars | 4.0 stars | 4.2 stars | 5.0 stars | 4.6 stars |
| Deposit/withdrawal user-friendliness | Great | Great | Great | Great | Great |
| Deposit by bank transfer | Yes | Yes | Yes | Yes | Yes |
| Deposit by credit/debit card | No | No | No | No | No |
| Deposit by electronic wallets | Yes | No | No | No | No |
Best brokers for free stock trading for Europeans in 2023
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And now, let's see in detail which are the best brokers for free stock trading in 2023, one by one.
#1 Best brokers for free stock trading for Europeans
Fidelity
Recommended for investors and traders looking for solid research and great trading platforms
| Fidelity snapshot | |
|---|---|
| US stockbroker | |
| Overall score | 4.8 stars |
| Time to open account | 1-3 days |
| Overall fees score | 3.7 stars |
| Markets/products score | 4.0 stars |
| Read review | For a detailed analysis of Fidelity, check out our review for 2023 |
#2 Best brokers for free stock trading for Europeans
TD Ameritrade
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
| TD Ameritrade snapshot | |
|---|---|
| US-based stockbroker | |
| Overall score | 4.9 stars |
| Time to open account | 1-3 days |
| Overall fees score | 4.1 stars |
| Markets/products score | 3.9 stars |
| Read review | For a detailed analysis of TD Ameritrade, check out our review for 2023 |
#3 Best brokers for free stock trading for Europeans
E*TRADE
Recommended for investors and traders looking for solid research and a great mobile trading platform
| E*TRADE snapshot | |
|---|---|
| US stockbroker | |
| Overall score | 4.7 stars |
| Time to open account | 1-3 days |
| Overall fees score | 4.1 stars |
| Markets/products score | 2.9 stars |
| Read review | For a detailed analysis of E*TRADE, check out our review for 2023 |
#4 Best brokers for free stock trading for Europeans
Merrill Edge
Recommended for investors and traders looking for low fees, quick account opening and simple platforms
| Merrill Edge snapshot | |
|---|---|
| US discount broker | |
| Overall score | 4.8 stars |
| Time to open account | 1 day |
| Overall fees score | 4.4 stars |
| Markets/products score | 2.5 stars |
| Read review | For a detailed analysis of Merrill Edge, check out our review for 2023 |
#5 Best brokers for free stock trading for Europeans
Charles Schwab
Recommended for investors and traders looking for solid research, low fees and great customer service
| Charles Schwab snapshot | |
|---|---|
| US discount broker | |
| Overall score | 4.8 stars |
| Time to open account | 1 day |
| Overall fees score | 4.2 stars |
| Markets/products score | 3.1 stars |
| Read review | For a detailed analysis of Charles Schwab, check out our review for 2023 |
Best brokers for free stock trading for Europeans in 2023
FAQ
What is commission-free stock trading?
Commission-free stock trading means that the broker does not charge you a fee for buying or selling a stock. Normally, brokers would charge either a flat fee or a per-share commission (or a combination of both) for stock trades. Commission-free stock trading was pioneered by US-based mobile-only broker Robinhood in the 2010s, and became near-universal among US brokers in 2019-20.
Is there a catch to free stock trading?
Brokers offering commission-free stock trading often make money from non-trading fees, from commissions on products other than stocks, or from routing clients' stock trade orders to specific market makers, a controversial practice called payment for order flow. In the latter case, customers often do not get the best execution price available on the market, and as such may incur an implicit (though small) cost on each stock trade.
Are free stock trading apps safe?
Your best bet to find a safe broker is to look for one that is regulated by a top-tier financial authority such as the US Securities and Exchanges Commission. In other aspects of safety, many stock trading apps require two-step authentication, where you are sent a one-time password or a similar prompt after entering your ID and regular password. A growing number of mobile trading apps also use biometric authentication (such as fingerprint readers) to make the login process more convenient without compromising security.
