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To help you find the best brokers for free stock trading for Europeans, we went ahead and did the research for you. First, we selected 93 quality online brokers, then checked their stock trading and non-trading fees, the available markets, their product selection and much much more. We went deep, so you won't have to.
A total of 5 stockbrokers made it to the top list and we highly recommend all of them. And now, without further ado...

Our top 5 picks for best brokers for free stock trading of 2021 for Europeans:

  1. tastyworks is the winner. Low trading fees. Great educational materials. Good research tools.
  2. Firstrade came in second. Free stock, ETF, fund and options trading. Solid research tools. Quality educational tools.
  3. Passfolio rounds out the top three. Free US stock and ETF trading. Great mobile platform. Fast and fully digital account opening.
  4. Trading 212 is numero quattro. Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms.
  5. eToro just made it to the list in 5th place. Free stock and ETF trading. Seamless account opening. Social trading experience.
Best brokers for free stock trading for Europeans
Name Company info Trading platform score
#1 tastyworks US options and stockbroker 3.9 stars
#2 Firstrade US discount broker 3.5 stars
#3 Passfolio Global zero-commission stockbroker 4.1 stars
#4 Trading 212 Global CFD and forex broker 4.9 stars
#5 eToro Global social trading broker 4.8 stars

In 2021, a multitude of brokers offer free stock trading, so investors have to look beyond the price of a trade to get a fuller picture. The key factors to check out are hidden prices and high non-trading fees; altogether, any broker worth considering has to offer fair fees. Other services that played a role in selecting the best of the best included login safety, a good trading platform, an excellent search engine as well as a vast selection of available markets and order types. These features are easy to list, but hard to figure out. We tested the stockbrokers with real accounts and real money, so we know what's up.

This is a potentially boring, but important warning: At some brokers you can trade CFDs. These are complex and very risky instruments, thus not suitable for everyone. You can easily lose all your invested money when trading these products. If you need more details on what a CFD is, check out these CFD trading tips

And now, let's see the best brokers for free stock trading one by one. Starting with the winner, tastyworks.

tastyworks Logo

#1 Best brokers for free stock trading for Europeans
tastyworks

4.7

tastyworks is a young, up-and-coming US broker focusing on options trading. It is regulated by the top-tier Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Australian Securities and Investments Commission (ASIC) for Australian clients.

The people behind tastyworks are the same experts who built thinkorswim, now operated by TD Ameritrade. tastyworks is privately owned; it was established in 2017 and is headquartered in Chicago.

Recommended for options and futures traders focusing on us markets

Pros Cons
Low trading fees Limited product selection
Great educational materials Few deposit and withdrawal options
Good research tools No demo account

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#1 tastyworks
Safety

tastyworks is overseen by top-tier US regulators, giving you strong investor protection. On the flip side, tastyworks isn't listed on a stock exchange and offers no negative balance protection.
Pros Cons
Majority of clients belong to a top-tier financial authority No negative balance protection
High level of investor protection Does not hold a banking license
Financial information is publicly available Not listed on stock exchange

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#1 tastyworks
tastyworks trading platforms

tastyworks platforms to choose from
Trading platform Score Available
Web 3.4 stars Yes
Mobile 4.2 stars Yes
Desktop 3.9 stars Yes

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#1 tastyworks
Deposit and withdrawal
1.9

tastyworks's deposit and withdrawal functions are easy to use and there's no deposit fee, but you can use only bank transfer, and withdrawals can be expensive especially for non-US clients.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly Only one account base currency
Free ACH withdrawals in the US High fee for wire withdrawals
tastyworks withdrawal fees and options
tastyworks Firstrade Passfolio Trading 212 eToro
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $5

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#1 tastyworks
Markets and products
2.6

At tastyworks, you can trade US stocks, ETFs, options and some futures. Other popular asset classes like mutual funds or bonds are missing, as are international assets.
tastyworks stock market coverage
tastyworks Firstrade Passfolio Trading 212 eToro
Stock markets (#) 4 5 2 9 17
ETFs (#) 2,200 2,300 819 200 145
tastyworks markets and products in addition to stocks and ETFs
tastyworks Firstrade Passfolio Trading 212 eToro
Forex No No No Yes Yes
Funds No Yes No No No
Bonds No Yes No No No
Options Yes Yes No No No
Futures Yes No No No No
CFDs No No No Yes Yes
Crypto No No Yes No Yes

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#1 tastyworks
Verdict

tastyworks is an excellent broker for options trading, but it is a bit complicated if you want to trade stocks only.  

tastyworks's trading fees are low, with free stock and ETF trading fees. Its trading platform is aimed at experienced options traders and can be intimidating for beginners. However, its educational and research tools are great for learning. Deposit and withdrawal processes could be better, and a demo account would also be great for practice purposes.

As there is no minimum deposit, no inactivity fee, or monthly fee, and the account opening process is seamless, you should feel free to try it.

tastyworks
Summary tastyworks is a recently established US options and stockbroker. It is overseen by FINRA, a top-tier regulatory body.
Fees score 4.5 stars
Recommended for Options and futures traders focusing on US markets

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Firstrade Logo

#2 Best brokers for free stock trading for Europeans
Firstrade

4.3

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 of First Flushing Securities.

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

Recommended for beginners and investors looking for zero-commission trading, focusing on the us market

Pros Cons
Free stock, ETF, fund and options trading No credit/debit cards and electronic wallets for money transfer
Solid research tools You can trade only on US markets
Quality educational tools No live chat or 24/7 availability

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#2 Firstrade
Safety

Firstrade is regulated by top-tier financial authorities, such as SEC and FINRA. You are also protected by a high investor protection amount of $500,000, which includes $250,000 for cash. On the other hand, negative balance protection is not provided.
Pros Cons
Majority of clients belong to a top-tier financial authority No negative balance protection
High level of investor protection Does not hold a banking license
Not listed on stock exchange

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#2 Firstrade
Firstrade trading platforms

Firstrade platforms to choose from
Trading platform Score Available
Web 4.3 stars Yes
Mobile 3.3 stars Yes
Desktop - No

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#2 Firstrade
Deposit and withdrawal
2.0

We liked Firstrade's user-friendly deposit and withdrawal process. There is no deposit fee and transferring money is easy. At the same time, there is still room for improvement: you can use only bank transfers and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly Only one account base currency
High outgoing wire transfer fee
Firstrade withdrawal fees and options
tastyworks Firstrade Passfolio Trading 212 eToro
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $5

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#2 Firstrade
Markets and products
2.8

Firstrade offers a good variety of asset classes, from stocks to options. However, the products cover only the US market and you cannot trade futures or forex.
Firstrade stock market coverage
tastyworks Firstrade Passfolio Trading 212 eToro
Stock markets (#) 4 5 2 9 17
ETFs (#) 2,200 2,300 819 200 145
Firstrade markets and products in addition to stocks and ETFs
tastyworks Firstrade Passfolio Trading 212 eToro
Forex No No No Yes Yes
Funds No Yes No No No
Bonds No Yes No No No
Options Yes Yes No No No
Futures Yes No No No No
CFDs No No No Yes Yes
Crypto No No Yes No Yes

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#2 Firstrade
Verdict

Firstrade is one of the biggest discount US stockbrokers and is regulated by top-tier regulators.

Firstrade offers free stock, ETF, mutual funds, and options trading. It doesn't charge inactivity and account fees, and there are lots of quality research and educational tools you can use.

There are some drawbacks, though. Firstrade doesn't accept credit/debit cards and electronic wallets for money transfer. The product portfolio covers only the US market. Customer service is only available 24/5 and you can't contact them via live chat. 

As it has low fees and no inactivity fee is charged, feel free to try Firstrade.

Firstrade
Summary Firstrade is a US discount broker regulated by the top-tier SEC and FINRA.
Fees score 4.6 stars
Recommended for Beginners and investors looking for zero-commission trading, focusing on the US market

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Passfolio Logo

#3 Best brokers for free stock trading for Europeans
Passfolio

4.3

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.

Although Passfolio is a global broker, there is a distinct focus on Brazilian customers, 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. 

Recommended for beginners and long-term investors focusing on the us stock market

Pros Cons
Free US stock and ETF trading Limited product portfolio focusing on US markets
Great mobile platform Deposit is not user-friendly
Fast and fully digital account opening Missing web and desktop platforms

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#3 Passfolio
Safety

Passfolio is regulated by top-tier authorities like the SEC and offers high-level protection. However, it does not have a banking license and is not listed on a stock exchange.
Pros Cons
Majority of clients belong to a top-tier financial authority Does not hold a banking license
High level of investor protection Not listed on stock exchange
Financial information is not publicly available

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#3 Passfolio
Passfolio trading platforms

Passfolio platforms to choose from
Trading platform Score Available
Web 3.7 stars Yes
Mobile 4.2 stars Yes
Desktop - No

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#3 Passfolio
Deposit and withdrawal
1.5

Passfolio's deposit functions are numerous and they all come free of charge. On the other hand, withdrawal is not free and the process of depositing funds is complicated.
Pros Cons
No deposit fee Credit/Debit card not available
Only one account base currency
Not user-friendly
Passfolio withdrawal fees and options
tastyworks Firstrade Passfolio Trading 212 eToro
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $5

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#3 Passfolio
Markets and products
2.0

Passfolio offers stocks, ETFs, REITs and ADRs traded on US stock exchanges, as well as cryptos. Popular assets such as mutual funds, bonds and options are not available.
Passfolio stock market coverage
tastyworks Firstrade Passfolio Trading 212 eToro
Stock markets (#) 4 5 2 9 17
ETFs (#) 2,200 2,300 819 200 145
Passfolio markets and products in addition to stocks and ETFs
tastyworks Firstrade Passfolio Trading 212 eToro
Forex No No No Yes Yes
Funds No Yes No No No
Bonds No Yes No No No
Options Yes Yes No No No
Futures Yes No No No No
CFDs No No No Yes Yes
Crypto No No Yes No Yes

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#3 Passfolio
Verdict

As an up-and-coming brokerage, the main attractive feature of Passfolio is its highly competitive fee structure. You can essentially trade free of charge with an amount exceeding $5, depositing funds is free and the broker doesn't charge any account fees either. The mobile app is exceptionally user-friendly and the account opening and validation was extremely fast.

On the negative side, the range of products is rather limited and customers have access solely to US markets (NYSE/NASDAQ). Depositing funds in your Passfolio account can prove to be a cumbersome process and all withdrawals carry a price tag. Educational materials are pretty scarce, albeit some of high quality, and videos are only available in Portuguese.

Passfolio is ideal for non-US investors looking for an easy-to-use platform to trade in US securities.

Passfolio
Summary Passfolio is a US-based commission-free stockbroker focusing on Brazil. It is regulated by both FINRA and SEC, and is available globally for clients.
Fees score 4.5 stars
Recommended for Beginners and long-term investors focusing on the US stock market

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Trading 212 Logo

#4 Best brokers for free stock trading for Europeans
Trading 212

4.3

Trading 212 review summary

 

Trading 212 is a global CFD and forex broker, but clients can also trade stocks and ETFs free of charge. The company was founded in 2004 and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). 

Trading 212 is considered safe as it is regulated by the top-tier FCA. 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Our overall Trading 212 rating

Compare this broker to the best Trading 212 alternative here. 

Recommended for active cfd and fx traders and investors looking for intuitive trading platforms

Pros Cons
Real stocks and ETFs are commission-free Limited product portfolio
Quick and easy account opening Missing phone and live chat support
Great trading platforms High forex fee

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76% of retail CFD accounts lose money

#4 Trading 212
Safety

Trading 212 is regulated by the top-tier FCA and provides negative balance protection. However, it is not listed on any stock exchange and doesn't have a banking background.
Pros Cons
Majority of clients belong to a top-tier financial authority Does not hold a banking license
Negative balance protection Not listed on stock exchange
Financial information is not publicly available

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76% of retail CFD accounts lose money

#4 Trading 212
Trading 212 trading platforms

Trading 212 platforms to choose from
Trading platform Score Available
Web 4.9 stars Yes
Mobile 4.9 stars Yes
Desktop - No

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76% of retail CFD accounts lose money

#4 Trading 212
Deposit and withdrawal
4.3

Trading 212 deposits and withdrawals are free, fast, and can be done in several way. On the negative side, there are only a few account base currencies available in each country.
Pros Cons
Credit/Debit card available Few base currencies available in each country
Free withdrawal
No deposit fee
Trading 212 withdrawal fees and options
tastyworks Firstrade Passfolio Trading 212 eToro
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $5

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76% of retail CFD accounts lose money

#4 Trading 212
Markets and products
3.9

Trading 212 focuses mainly on CFDs and forex. You can also trade real stocks and ETFs, but popular asset classes like bonds, mutual funds, options and futures are missing.
Trading 212 stock market coverage
tastyworks Firstrade Passfolio Trading 212 eToro
Stock markets (#) 4 5 2 9 17
ETFs (#) 2,200 2,300 819 200 145
Trading 212 markets and products in addition to stocks and ETFs
tastyworks Firstrade Passfolio Trading 212 eToro
Forex No No No Yes Yes
Funds No Yes No No No
Bonds No Yes No No No
Options Yes Yes No No No
Futures Yes No No No No
CFDs No No No Yes Yes
Crypto No No Yes No Yes

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76% of retail CFD accounts lose money

#4 Trading 212
Verdict

Trading 212 works as a CFD and forex broker regulated by multiple financial supervisory authorities.

On the plus side, Trading 212 offers commission-free stocks and ETFs, while CFD fees and non-trading fees are low as well. The account opening process is seamless and the trading platforms are user-friendly.

However, Trading 212 has a limited product portfolio, lacking popular asset classes such as bonds or options. We missed phone and live chat support, and found forex fees relatively high.

So is Trading 212 good? Trading 212 is a good choice for those interested in investing in equities or trading leveraged forex and CFD products, with the use of a great trading platform. As it offers a demo account, don't hesitate to give it a try.

Trading 212
Summary Trading 212 is a CFD and forex broker regulated by the UK FCA and Bulgarian FSC. In the UK and Germany, Trading212 offers commission-free stock and ETF trading as well.
Fees score 3.3 stars
Recommended for Active CFD and FX traders and investors looking for intuitive trading platforms

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76% of retail CFD accounts lose money

eToro Logo

#5 Best brokers for free stock trading for Europeans
eToro

4.7

eToro review summary

 

eToro is a well-known Israeli fintech company and 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 website 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.

Our overall eToro rating

Compare this broker to the best eToro alternative here. 

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

Pros Cons
Free stock and ETF trading High non-trading fees
Seamless account opening Only one account base currency
Social trading experience Customer support could be improved

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Your capital is at risk

#5 eToro
Safety

eToro is regulated by top-tier financial authorities like the FCA, and ASIC as well as CySEC. However, it is not listed on any stock exchange, does not disclose financial information and does not have a bank parent.
Pros Cons
Majority of clients belong to a top-tier financial authority Does not hold a banking license
Negative balance protection Not listed on stock exchange
Well-known innovative fintech firm. Financial information is not publicly available

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Your capital is at risk

#5 eToro
eToro trading platforms

eToro platforms to choose from
Trading platform Score Available
Web 4.4 stars Yes
Mobile 4.9 stars Yes
Desktop - No

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Your capital is at risk

#5 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 fees and options
tastyworks Firstrade Passfolio Trading 212 eToro
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No Yes Yes
Electronic wallets No No No Yes Yes
Withdrawal fee $0 $0 $0 $0 $5

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Your capital is at risk

#5 eToro
Markets and products
3.8

At eToro, you can trade CFDs and forex, as well as real stocks, ETFs and many cryptos. Innovative services like social trading and CopyPortfolio are also available.
eToro stock market coverage
tastyworks Firstrade Passfolio Trading 212 eToro
Stock markets (#) 4 5 2 9 17
ETFs (#) 2,200 2,300 819 200 145
eToro markets and products in addition to stocks and ETFs
tastyworks Firstrade Passfolio Trading 212 eToro
Forex No No No Yes Yes
Funds No Yes No No No
Bonds No Yes No No No
Options Yes Yes No No No
Futures Yes No No No No
CFDs No No No Yes Yes
Crypto No No Yes No Yes

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Your capital is at risk

#5 eToro
Verdict

How eToro works? eToro offers zero-commission stock trading. The 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. Non-trading 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.

So is eToro good? 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.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.

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 4.4 stars
Recommended for Traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading

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Your capital is at risk

Best brokers for free stock trading for Europeans
Bottom line

Now that you have seen the details, let's zoom out. Here are the best brokers for free stock trading of 2021 for Europeans:

Best brokers for free stock trading for Europeans
tastyworks Firstrade Passfolio Trading 212 eToro
Stock fee class Low Low Low Low Low
Trading platform combined score 3.9 stars 3.5 stars 4.1 stars 4.9 stars 4.8 stars
Deposit and withdrawal score 1.9 stars 2.0 stars 1.5 stars 4.3 stars 3.5 stars
Markets and products score 2.6 stars 2.8 stars 2.0 stars 3.9 stars 3.8 stars

tastyworks is our winner, selected as the best broker for free stock trading for Europeans. Low trading fees. Great educational materials. Good research tools.
We consider all these stockbrokers a great choice. Feel free to pick the winner or any runner-up and take the next step in your investment journey. Let us know what you think in the comments section.
Still unsure which broker to choose? Use our the broker finder tool to find the best broker for you or learn more about investing your money.

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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