Best brokers for free stock trading for Europeans in 2022

DEGIRO
4.8
Visit broker
tastyworks
4.6
Visit broker
Trading 212
4.5
Visit broker
68% of retail CFD accounts lose money
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To help you find the best brokers for free stock trading for Europeans in 2022, we went ahead and did the research for you. We selected 100 quality online brokers and checked their stock trading and non-trading fees, the markets they provide access to, their product selection and much much more. We dug deep, so you won't have to. Let's see the winners!

Our top 5 picks for best brokers for free stock trading for Europeans in 2022:

  1. DEGIRO is the winner. One of the lowest fees on the market. Regulated by top-tier authorities. Easy-to-use web and mobile platform.
  2. tastyworks came in second. Low trading fees. Great educational materials. Good research tools.
  3. Trading 212 rounds out the top three. Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms.
  4. Firstrade is numero quattro. Free stock, ETF, fund and options trading. Solid research tools. Quality educational tools.
  5. eToro just made it to the list in 5th place. Free stock and ETF trading. Seamless account opening. Social trading.
Best brokers for free stock trading for Europeans in 2022
Name Company info Trading platform score
#1 DEGIRO German-Dutch discount broker 4.4 stars Visit broker
#2 tastyworks US options and stockbroker 3.9 stars Visit broker
#3 Trading 212 Global CFD broker, but real stocks/ETFs are also available 4.8 stars Visit broker
68% of retail CFD accounts lose money
#4 Firstrade US discount broker 3.9 stars Visit broker
#5 eToro Global social trading broker 4.6 stars Visit broker
Your capital is at risk

In 2022, a multitude of brokers offer free stock trading, so investors have to look beyond the price of a trade to get a fuller picture. Here are the key factors worth checking out:

  • Hidden fees
  • Non-trading fees
  • Trading platforms
  • Available markets and order types
  • Safety

And now, let's see the best brokers for free stock trading in 2022 one by one, starting with the winner, DEGIRO.

DEGIRO Logo

#1 Best brokers for free stock trading for Europeans
DEGIRO

4.8

DEGIRO review summary

 

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.

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.

Pros Cons
One of the lowest fees on the market Forex not available
Regulated by top-tier authorities Limited research tools
Easy-to-use web and mobile platform No credit/debit card deposit

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#1 DEGIRO
Safety

DEGIRO is a licensed investment firm regulated by top-tier financial authorities, and now comes with a newly secured banking background.
Pros Cons
Banking background None
Top-tier financial regulator

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#1 DEGIRO
DEGIRO trading platforms

DEGIRO platforms to choose from
Trading platform Score Available
Web 4.0 stars Yes
Mobile 4.5 stars Yes
Desktop - No

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#1 DEGIRO
Deposit and withdrawal
3.3

DEGIRO deposits and withdrawals are free of charge via bank transfer. A big drawback though is that you can't deposit funds using a credit or debit card.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
DEGIRO withdrawal fees and options
DEGIRO tastyworks Trading 212 Firstrade eToro
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No Yes
Electronic wallets No No Yes No Yes
Withdrawal fee $0 $0 $0 $0 $5

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#1 DEGIRO
Markets and products
3.6

At DEGIRO, you can access many markets and trade a lot of different products. CFDs and forex are not available, though.
DEGIRO stock market coverage
DEGIRO tastyworks Trading 212 Firstrade eToro
Stock markets (#) 31 4 12 5 17
ETFs (#) 5,400 2,200 1,800 2,300 145
DEGIRO markets and products in addition to stocks and ETFs
DEGIRO tastyworks Trading 212 Firstrade eToro
Forex No No Yes No Yes
Funds Yes No No Yes No
Bonds Yes No No Yes No
Options Yes Yes No Yes No
Futures Yes Yes No No No
CFDs No No Yes No Yes
Crypto No Yes No No Yes

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tastyworks Logo

#2 Best brokers for free stock trading for Europeans
tastyworks

4.6

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 the thinkorswim trading platform, now operated by TD Ameritrade. tastyworks is privately owned; it was established in 2017 and is headquartered in Chicago.

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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#2 tastyworks
Safety

tastyworks is overseen by top-tier US regulators, giving you strong investor protection, but is not backed by any bank.
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 publicly available

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#2 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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#2 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 High fee for wire withdrawals
Free ACH withdrawals in the US
tastyworks withdrawal fees and options
DEGIRO tastyworks Trading 212 Firstrade eToro
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No Yes
Electronic wallets No No Yes No Yes
Withdrawal fee $0 $0 $0 $0 $5

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#2 tastyworks
Markets and products
3.1

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
DEGIRO tastyworks Trading 212 Firstrade eToro
Stock markets (#) 31 4 12 5 17
ETFs (#) 5,400 2,200 1,800 2,300 145
tastyworks markets and products in addition to stocks and ETFs
DEGIRO tastyworks Trading 212 Firstrade eToro
Forex No No Yes No Yes
Funds Yes No No Yes No
Bonds Yes No No Yes No
Options Yes Yes No Yes No
Futures Yes Yes No No No
CFDs No No Yes No Yes
Crypto No Yes No No Yes

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Trading 212 Logo

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

4.5

Trading 212 review summary

 

Trading 212 is onboarding clients without a waiting list from the EEA region only. Customers from other eligible countries can join Trading 212's waiting list, but it may take a while until onboarding restrictions are lifted and the waiting list is scrapped.

Trading 212 is a global CFD 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), the Cypriot Cyprus Securities and Exchange Commission (CySEC), 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. 70% 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.

Pros Cons
Real stocks and ETFs are commission-free Limited product portfolio
Quick and easy account opening High forex fees
Great trading platforms USD unavailable as account currency

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68% of retail CFD accounts lose money

#3 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
Negative balance protection Does not hold a banking license
Regulated by the FCA Not listed on stock exchange
Financial information is not publicly available

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68% of retail CFD accounts lose money

#3 Trading 212
Trading 212 trading platforms

Trading 212 platforms to choose from
Trading platform Score Available
Web 4.4 stars Yes
Mobile 4.9 stars Yes
Desktop - No

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68% of retail CFD accounts lose money

#3 Trading 212
Deposit and withdrawal
4.3

Trading 212 offers many free deposit and withdrawal options. On the downside, there are only a few account base currencies available in each country, and you can't choose USD.
Pros Cons
Credit/Debit card available USD unavailable as base currency
Free withdrawal Few base currencies in each country
Trading 212 withdrawal fees and options
DEGIRO tastyworks Trading 212 Firstrade eToro
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No Yes
Electronic wallets No No Yes No Yes
Withdrawal fee $0 $0 $0 $0 $5

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68% of retail CFD accounts lose money

#3 Trading 212
Markets and products
4.1

Trading 212 focuses on CFDs (forex, stock, index, etc.) and real stocks/ETFs. As a result, popular asset classes like bonds, mutual funds, options or futures are missing.
Trading 212 stock market coverage
DEGIRO tastyworks Trading 212 Firstrade eToro
Stock markets (#) 31 4 12 5 17
ETFs (#) 5,400 2,200 1,800 2,300 145
Trading 212 markets and products in addition to stocks and ETFs
DEGIRO tastyworks Trading 212 Firstrade eToro
Forex No No Yes No Yes
Funds Yes No No Yes No
Bonds Yes No No Yes No
Options Yes Yes No Yes No
Futures Yes Yes No No No
CFDs No No Yes No Yes
Crypto No Yes No No Yes

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68% of retail CFD accounts lose money

Firstrade Logo

#4 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 First Flushing Securities.

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

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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#4 Firstrade
Safety

Firstrade is regulated by top-tier financial authorities, such as the SEC and FINRA. Clients enjoy 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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#4 Firstrade
Firstrade trading platforms

Firstrade platforms to choose from
Trading platform Score Available
Web 4.3 stars Yes
Mobile 3.8 stars Yes
Desktop - No

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#4 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
DEGIRO tastyworks Trading 212 Firstrade eToro
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No Yes
Electronic wallets No No Yes No Yes
Withdrawal fee $0 $0 $0 $0 $5

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#4 Firstrade
Markets and products
2.5

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
DEGIRO tastyworks Trading 212 Firstrade eToro
Stock markets (#) 31 4 12 5 17
ETFs (#) 5,400 2,200 1,800 2,300 145
Firstrade markets and products in addition to stocks and ETFs
DEGIRO tastyworks Trading 212 Firstrade eToro
Forex No No Yes No Yes
Funds Yes No No Yes No
Bonds Yes No No Yes No
Options Yes Yes No Yes No
Futures Yes Yes No No No
CFDs No No Yes No Yes
Crypto No Yes No No Yes

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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.

Being regulated by the top-tier FCA and ASIC is a good sign for eToro's safety.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.

Pros Cons
Free stock and ETF trading High non-trading fees
Seamless account opening Only one account base currency
Social trading Customer support should 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 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
Financial information is 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 4.7 stars Yes
Desktop - No

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Your capital is at risk

#5 eToro
Deposit and withdrawal
3.9

Depositing money is easy, with a lot of available options, although there is a $5 withdrawal fee. As only USD accounts are available, you may pay a high conversion fee if you deposit or withdraw in another currency, like EUR or GBP.
Pros Cons
Credit/Debit card available Only one account base currency
User-friendly $5 withdrawal fee
Conversion fee for non-USD deposits
eToro withdrawal fees and options
DEGIRO tastyworks Trading 212 Firstrade eToro
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No Yes
Electronic wallets No No Yes No Yes
Withdrawal fee $0 $0 $0 $0 $5

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Your capital is at risk

#5 eToro
Markets and products
4.3

At eToro, you can trade CFDs and forex, as well as real stocks, ETFs and many cryptos. Innovative services like social trading and Smart Portfolios are also available.
eToro stock market coverage
DEGIRO tastyworks Trading 212 Firstrade eToro
Stock markets (#) 31 4 12 5 17
ETFs (#) 5,400 2,200 1,800 2,300 145
eToro markets and products in addition to stocks and ETFs
DEGIRO tastyworks Trading 212 Firstrade eToro
Forex No No Yes No Yes
Funds Yes No No Yes No
Bonds Yes No No Yes No
Options Yes Yes No Yes No
Futures Yes Yes No No No
CFDs No No Yes No Yes
Crypto No Yes No No Yes

Visit broker More
Your capital is at risk

Best brokers for free stock trading for Europeans in 2022
Bottom line

Now that you have seen the details, let's zoom out. Here are the best brokers for free stock trading for Europeans in 2022:

Best brokers for free stock trading for Europeans in 2022
DEGIRO tastyworks Trading 212 Firstrade eToro
Stock fee class Low Low Low Low Low
Trading platform combined score 4.4 stars 3.9 stars 4.8 stars 3.9 stars 4.6 stars
Deposit and withdrawal score 3.3 stars 1.9 stars 4.3 stars 2.0 stars 3.9 stars
Markets and products score 3.6 stars 3.1 stars 4.1 stars 2.5 stars 4.3 stars

DEGIRO is our winner, the best broker for free stock trading for Europeans in 2022. One of the lowest fees on the market. Regulated by top-tier authorities. Easy-to-use web and mobile platform.
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 broker finder tool to find the best broker for your needs 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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