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Best discount brokers in Finland in 2023

TOP
3
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
TOP
4
68% of retail CFD accounts lose money
Find below the best discount brokers in Finland, updated for 2023:
  1. DEGIRO is the best discount broker in Finland in 2023. - Low trading and non-trading fees, one free ETF trading per month.
  2. Interactive Brokers - Low trading and non-trading fees, free stock and ETF trading for US customers.
  3. eToro - Low trading fees, high non-trading fees, free stock and ETF trading.
  4. Trading 212 - Commission-free real stocks and ETFs, high CFD fees.
  5. Firstrade - Low trading and non-trading fees, free stock, ETF, fund and options trading.
  6. Alpaca Trading - Free stock and ETF trading, low non-trading fees.
  7. tastytrade - Low trading and non-trading fees, no inactivity fee.
  8. MEXEM - Average trading and non-trading fees.
  9. TradeStation - Low trading fees, average non-trading fees, free stock and ETF trading for US customers.
  10. CapTrader - Average trading and non-trading fees.

Best discount brokers
Overview of the best discount brokers

While many brokers with low fees offer an excellent service, the ones in our toplist go the extra mile.

Broker
Fees class
Minimum deposit
DEGIRO
Low
$0
No minimum account balance
Interactive Brokers
Low
$0
$0 for non-margin client accounts, $2,000 for margin accounts. (A margin account is where you trade with borrowed money, also known as leverage.)
eToro
Low
$10
For Israeli clients, the minimum first-time deposit is $10,000. For residents of Australia and the US, it is $50, while for residents of Russia, China, Hong Kong, Taiwan and Macau, it is $500.
Trading 212
Low
$0
No minimum deposit
Firstrade
Low
$0
No minimum deposit
Alpaca Trading
Low
$0
$0 for retail account, $30,000 for business accounts
tastytrade
Low
$0
No minimum account balance
MEXEM
Low
$0
There is no minimum deposit
TradeStation
Low
$0
$1 for cash accounts, $2,000 for margin accounts, and $5,000 for futures accounts
CapTrader
Low
$2,000
The minimum deposit for standard accounts is €2000 (USD, GBP or equivalent in foreign currency).
Best discount brokers in 2023 for Finnish citizens

Popularity of the best discount brokers in Finland

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

Popularity

Best discount brokers
Fees at the top 10 discount brokers for Finnish citizens in 2023

What makes a good discount broker? Well, did we mention low fees? This includes commissions, financing rates, and, let's not forget, non-trading fees like inactivity or withdrawal fees. The tables below give you a good summary.

Broker
US stock
UK stock
DEGIRO
$2.1
€2 per trade (€1 commission plus a €1 handling fee)
$3.4
£2.75 per trade (£1.75 commission plus a £1 handling fee)
Interactive Brokers
$1.0
Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.
$3.7
Fixed £3 for trade value less than £6,000, 0.05% of trade value for more than £6,000
eToro
$0.0
Free stock and ETF trading
$0.0
Free stock and ETF trading, except for clients from Australia, where a 0.09% spread cost per transaction applies
Trading 212
$0.0
Commission-free
$0.0
Commission-free
Firstrade
$0.0
$0 per trade
-
Not available
Alpaca Trading
$0.0
Commission-free stock trading
-
Not available
tastytrade
$0.0
Free stock and ETF
-
Not available
MEXEM
$2.5
$0.005 per share; min. $2.5, max. 2% of trade value
$3.1
0.08% of trade value with a minimum of £2.5, plus £1 fee on transaction exceeding £10.000, stamp tax of 0.5%
TradeStation
$0.0
Commission-free up to the first 10,000 shares per trade for US clients. $5 per trade for non-US clients
-
Not available
CapTrader
$2.0
$0.01 per share; min. $2, max. 1% of trade value
$9.9
£8 + 0.05% of trade value for trade value more than £50,000; fixed £8 for trade value less than £50,000
Trading fees at Best discount brokers
Broker
Account fee
Inactivity fee
DEGIRO
No account fee
No inactivity fee
Interactive Brokers
No account fee
No inactivity fee
eToro
No account fee
$10 per month after one year inactivity. Inactivity means that you don't log in to your account
Trading 212
No account fee
No inactivity fee
Firstrade
No account fee
No inactivity fee
Alpaca Trading
No account fee
No inactivity fee
tastytrade
No account fee
No inactivity fee
MEXEM
No account fee.
No inactivity fee
TradeStation
No account fee
$50 per year if your balance is less than $2,000 or if you make less than 5 trades per year
CapTrader
No account fee
If your portfolio is below $1,000 and no trades have been carried out during the month, then a monthly fee of $1 applies
Non-trading fees at Best discount brokers

Best discount brokers
Product selection at the best discount brokers for Finnish citizens in 2023

Besides lowest trading fees and non-trading fees, a good discount brokerage firm should also offer access to a lot of markets and products, because providing low fees in more than one asset class is not an easy job. All brokers in our list offer real stocks, but we also looked into whether you can trade currencies, options or mutual funds.

Broker
Stocks
ETFs
DEGIRO
Interactive Brokers
eToro
Trading 212
Firstrade
NYSE ; AMEX, the Nasdaq Stock Market, or the Over-the-Counter (OTC) markets such as the OTC Bulletin Board or Pink Sheets
Alpaca Trading
only US stock exchanges
only US
tastytrade
Only US
MEXEM
TradeStation
US only
CapTrader
Best discount brokers markets and products

And now, let's see the best discount brokers in detail one by one, starting with the winner, DEGIRO.

DEGIRO Logo

#1 Best discount broker
DEGIRO

Recommended for traders and investors looking for execution only

Visit broker

DEGIRO snapshot
Trading fee class Low
Fractional share dealing No
OTC share dealing No
Minimum deposit $0
Inactivity fee No
Easiness of account opening 5.0 stars
Read review For a detailed analysis of DEGIRO services, check out our review for 2023
Interactive Brokers Logo

#2 Best discount broker
Interactive Brokers

Recommended for traders looking for broad market access and a professional trading environment

Visit broker

Interactive Brokers snapshot
Trading fee class Low
Fractional share dealing Yes
OTC share dealing Yes
Minimum deposit $0
Inactivity fee No
Easiness of account opening 3.2 stars
Read review For a detailed analysis of Interactive Brokers services, check out our review for 2023
eToro Logo

#3 Best discount broker
eToro

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

Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

eToro snapshot
Trading fee class Low
Fractional share dealing Yes
OTC share dealing No
Minimum deposit $10
Inactivity fee Yes
Easiness of account opening 5.0 stars
Read review For a detailed analysis of eToro services, check out our review for 2023
Trading 212 Logo

#4 Best discount broker
Trading 212

Recommended for equity investors and cfd traders looking for easy-to-use trading platforms

Visit broker
68% of retail CFD accounts lose money

Trading 212 snapshot
Trading fee class Low
Fractional share dealing Yes
OTC share dealing Yes
Minimum deposit $0
Inactivity fee No
Easiness of account opening 4.5 stars
Read review For a detailed analysis of Trading 212 services, check out our review for 2023
Firstrade Logo

#5 Best discount broker
Firstrade

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

Visit broker

Firstrade snapshot
Trading fee class Low
Fractional share dealing No
OTC share dealing Yes
Minimum deposit $0
Inactivity fee No
Easiness of account opening 4.2 stars
Read review For a detailed analysis of Firstrade services, check out our review for 2023
Alpaca Trading Logo

#6 Best discount broker
Alpaca Trading

Recommended for traders interested in algorithmic stock trading

Visit broker

Alpaca Trading snapshot
Trading fee class Low
Fractional share dealing Yes
OTC share dealing No
Minimum deposit $0
Inactivity fee No
Easiness of account opening 4.8 stars
Read review For a detailed analysis of Alpaca Trading services, check out our review for 2023
tastytrade Logo

#7 Best discount broker
tastytrade

Recommended for options and futures traders focusing on us markets

Visit broker

tastytrade snapshot
Trading fee class Low
Fractional share dealing Yes
OTC share dealing No
Minimum deposit $0
Inactivity fee No
Easiness of account opening 5.0 stars
Read review For a detailed analysis of tastytrade services, check out our review for 2023
MEXEM Logo

#8 Best discount broker
MEXEM

Recommended for investors and traders looking for low fees and sophisticated trading platforms

Visit broker

MEXEM snapshot
Trading fee class Low
Fractional share dealing Yes
OTC share dealing Yes
Minimum deposit $0
Inactivity fee No
Easiness of account opening 5.0 stars
Read review For a detailed analysis of MEXEM services, check out our review for 2023
TradeStation Logo

#9 Best discount broker
TradeStation

Recommended for traders focusing on us markets and buy-and-hold investing

Visit broker

TradeStation snapshot
Trading fee class Low
Fractional share dealing No
OTC share dealing Yes
Minimum deposit $0
Inactivity fee Yes
Easiness of account opening 5.0 stars
Read review For a detailed analysis of TradeStation services, check out our review for 2023
CapTrader Logo

#10 Best discount broker
CapTrader

Recommended for investors and traders looking for low fees and sophisticated trading platforms

Visit broker

CapTrader snapshot
Trading fee class Average
Fractional share dealing Yes
OTC share dealing Yes
Minimum deposit $2,000
Inactivity fee Yes
Easiness of account opening 1.0 stars
Read review For a detailed analysis of CapTrader services, check out our review for 2023

Best discount brokers
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Best discount brokers
How did we come up with this list of best discount brokers in 2023 for citizens in Finland?

A great broker with low fees is the backbone of many trading strategies.

  • So we checked trading fees, with a special focus on stock and ETF fees,
  • We scrutinized non-trading fees (e.g. inactivity fees and withdrawal fees),
  • We took measure of their investment product selection,
  • We opened an account and tested their services with our own money.

Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology. Now let's jump straight to the results.

Best discount brokers
FAQ

What is a discount broker?

A discount stock broker is a brokerage company that executes your buy and sell orders at a low trading fee. Discount brokers can afford to charge lower fees because, unlike full-service brokers, they usually don't provide extra services such as research, personal investment advice, tax planning or robo-advisory.

The difference between full-service brokers and discount brokers has blurred somewhat in recent years. Discount brokers started to offer extra services as well, like research; while full-service brokers started to lower their fees. The traditional brokerage and wealth management industry is under fee pressure from increasingly cost-effective online broker companies.

Many US brokers have slashed their fees to zero and now promote commission-free trading, following in the footsteps of brokers such as Robinhood. Drawbacks for some of these commission-free brokers include the limited number of assets you can trade (for example, mutual funds are less likely to be offered), so some investors and traders still prefer traditional discount brokers, where order execution also tends to be better compared with zero-commission brokers.

How did BrokerChooser pick the best discount brokers?

We tested brokers based on almost 500 criteria, using real accounts and real money. When we selected the best discount brokers, the primary selection criteria were fees. Importantly, we only included brokers where you can trade real stocks. This means that we excluded brokers where stocks were only offered through CFDs.

We calculated the rankings based on trading fees for all asset classes, such as stock fees; as well as fees not directly related to trading, such as withdrawal fees. We also assigned a higher score to brokers that offer a wide range of asset classes, because providing low fees in more than one asset class is not an easy job and definitely a big plus for investors.

Lastly, we incorporated additional criteria to measure the overall quality of the broker: if the account opening process, customer service and other aspects of the broker are high quality, they all boosted the overall score.

Are these brokers reliable?

These brokers are all considered reliable. They are regulated by at least one top-tier financial authority. We at BrokerChooser distinguish between mid-tier and top-tier regulators, based on various factors with the most important being the investor protection amount.

Still unsure? Check out our broker finder tool and find the best broker for you, or learn more about how to invest your money.

Author of this article

Adam Nasli

Author of this article

Adam is a motivated finance expert. He is one of the first hires at BrokerChooser and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

Adam Nasli

Analyst Head

Adam is a motivated finance expert. He is one of the first hires at BrokerChooser and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

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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