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Best international online brokers in Luxembourg in 2024

Written by
Adam N.
Fact checked by
Updated
1w ago

Find below the strengths of the best brokers available in Luxembourg, updated for 2024:

  1. Interactive Brokers is the best international online brokers in Luxembourg in 2024. - Extremely low fees. Wide range of products. Many great research tools.
  2. Saxo - Great trading platform. Outstanding research. Broad product portfolio. Interest paid on uninvested cash.
  3. eToro - Free stock and ETF trading. Seamless account opening. Social trading.
  4. XTB - Commission-free stocks and ETFs (for trades up to €100k per month). Free and fast deposit and withdrawal. Easy and fast account opening. Interest paid on cash.
  5. DEGIRO - One of the lowest fees on the market. Regulated by top-tier authorities. Easy-to-use web and mobile platform.
  6. Lightyear - Commission-free ETF and low commission on stock trades. High interest on uninvested cash. Quick account opening. Easy-to-use mobile trading platform.
  7. Oanda - Great trading platforms. Outstanding research tools. Fast and user-friendly account opening.
  8. Trading 212 - Real stocks and ETFs are commission-free (other fees may apply). Quick and easy account opening. Great trading platforms. Pays interest on uninvested cash in an investment account.
  9. Trade Republic - Commission-free ETF and low-commission stock trading. High interest on uninvested cash. Quick account opening. Has a banking license.
  10. Alpaca Trading - Great API trading service. Free stock & ETF trading. Fantastic charting tools.

International online brokers' key info overview

While many international online trading brokers offer an excellent service, the ones in our toplist go the extra mile. These international online trading platforms offer a broad range of markets and asset classes and are suitable for beginners and experienced traders alike.

Broker
Minimum deposit
Time to open account
Interactive Brokers
$0
1-3 days
Saxo
$0
1 day
eToro
$10
1 day
XTB
$0
1 day
DEGIRO
$0
1 day
Lightyear
$0
1 day
Oanda
$0
1-3 days
Trading 212
$1
1 day
Trade Republic
$0
1 day
Alpaca Trading
$0
1 day


Popularity of the best online brokers in Luxembourg

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

Trading fees

In most cases the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important fees for you in the table below.

Broker
US stock
UK stock fee
Interactive Brokers
$1.0
$3.8
Saxo
$1.6
$3.8
eToro
$0.0
$0.0
XTB
$0.0
$0.0
DEGIRO
$2.2
$3.4
Lightyear
$1.0
$1.3
Oanda
$0.0
$0.0
Trading 212
$0.0
$0.0
Trade Republic
$1.1
$1.1
Alpaca Trading
$0.0
-
Fees at the best international online brokers in October 2024
All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

Other fees at international online brokers

Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.

Broker
Account fee
Inactivity fee
Interactive Brokers
Saxo
eToro
XTB
DEGIRO
Lightyear
Oanda
Trading 212
Trade Republic
Alpaca Trading
Account, inactivity, and deposit/withdrawal fees at the best online brokers in October 2024

Can I trust these online brokers in Luxembourg?

Yes, BrokerChooser exclusively recommends legit brokers, overseen by at least one globally acknowledged regulator. We track more than 30,000 brokers and trading platforms that we don't recommend. To make sure that a broker is reputable and reliable, use our Scam Broker Shield tool.

Key criteria determining a broker's trustworthiness are: regulation, availability of investor protection, as well as a long and spotless track record. Explore the interactive table below, encompassing this array of vital data.

Broker
Top-tier regulators
Trusted broker
Interactive Brokers
FCA in the UK, SEC in the US, and ASIC in Australia
Saxo
FSA in Denmark, FCA in the UK, FINMA in Switzerland and ASIC in Australia
eToro
FCA in the UK, SEC in the US, and ASIC in Australia, CySEC in EU
XTB
FCA in the UK
DEGIRO
BaFin in Germany
Lightyear
FCA in the UK
Oanda
FCA in the UK, CIRO in Canada, and ASIC in Australia
Trading 212
FCA in the UK and ASIC in Australia
Trade Republic
BaFin in Germany
Alpaca Trading
SEC and FINRA in the US
Trust metrics for the best online brokers in Luxembourg in 2024
We label a broker as trusted if it has reliable regulation.

Our assessment of best international online brokers for residents in Luxembourg in 2024

At BrokerChooser we do our best to make it easier for you to compare and select the best broker for your needs. Here is a summary of our scores in the most important aspects of these trading platforms' services.

Broker
Overall score
Fees score
Interactive Brokers
4.9
/5
4.3
/5
Saxo
4.9
/5
3.2
/5
eToro
4.8
/5
4.2
/5
XTB
4.8
/5
4.4
/5
DEGIRO
4.7
/5
4.5
/5
Lightyear
4.6
/5
4.8
/5
Oanda
4.6
/5
4.4
/5
Trading 212
4.5
/5
3.8
/5
Trade Republic
4.5
/5
4.4
/5
Alpaca Trading
4.5
/5
4.6
/5
Score summary of best international online brokers for residents in Luxembourg

If you are unsure how brokerage fees are charged, check out this article on the various fees, charges and costs.

And now, let's see the top international online brokers for 2024 for residents in Luxembourg in detail one by one, starting with the winner, Interactive Brokers.

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

Visit broker

Interactive Brokers snapshot
Fees class Low
Minimum deposit $0
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1-3 days
Inactivity fee No
Read review For a detailed analysis of Interactive Brokers services, check out our review for 2024

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

Visit broker
62% of retail CFD accounts lose money

Saxo snapshot
Fees class Average
Minimum deposit $0
Deposit method Bank transfer, Credit/debit cards
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Saxo services, check out our review for 2024

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
Fees class Low
Minimum deposit $10
Deposit method Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay
Withdrawal method Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay
Withdrawal fee $5
Time to open account 1 day
Inactivity fee Yes
Read review For a detailed analysis of eToro services, check out our review for 2024
XTB Logo

XTB

Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal service

Visit broker
76% of retail CFD accounts lose money

XTB snapshot
Fees class Low
Minimum deposit $0
Deposit method Bank transfer, Credit/debit cards, Paysafe, Skrill, ecommpay, PayU, PayPal
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1 day
Inactivity fee Yes
Read review For a detailed analysis of XTB services, check out our review for 2024

Recommended for traders and investors looking for execution only

Visit broker
Investing involves risks

DEGIRO snapshot
Fees class Low
Minimum deposit $0
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of DEGIRO services, check out our review for 2024

Recommended for investors and beginners looking for high interest rates on cash, a simple but great mobile platform, and low fees

Visit broker
Capital at risk

Lightyear snapshot
Fees class Low
Minimum deposit $0
Deposit method Bank transfer, Credit/debit cards, Apple Pay, Google Pay, iDeal
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Lightyear services, check out our review for 2024

Recommended for forex traders who value a user-friendly platform and great research tools

Visit broker
75% of retail CFD accounts lose money

Oanda snapshot
Fees class Low
Minimum deposit $0
Deposit method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller
Withdrawal method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller
Withdrawal fee $0
Time to open account 1-3 days
Inactivity fee Yes
Read review For a detailed analysis of Oanda services, check out our review for 2024

Recommended for equity investors looking for easy-to-use trading platforms

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When investing, your capital is at risk

Trading 212 snapshot
Fees class Low
Minimum deposit $1
Deposit method Bank transfer, Credit/debit cards, OnlineBankingPL, Giropay, Carte Bleue, Blik, Direct eBanking, Apple / Google Pay, PayPal, iDEAL
Withdrawal method Bank transfer, Credit/debit cards, OnlineBankingPL, Giropay, Carte Bleue, Blik, Direct eBanking, Apple / Google Pay, PayPal, iDEAL
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Trading 212 services, check out our review for 2024

Recommended for investors and beginners looking for high interest rates on cash, a simple but great mobile platform, and low fees

Visit broker

Trade Republic snapshot
Fees class Low
Minimum deposit $0
Deposit method Bank transfer, Credit/debit cards, Apple Pay, Google Pay
Withdrawal method Bank transfer, Credit/debit cards, Apple Pay, Google Pay
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Trade Republic services, check out our review for 2024

Recommended for traders interested in algorithmic stock trading

Visit broker

Alpaca Trading snapshot
Fees class Low
Minimum deposit $0
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Alpaca Trading services, check out our review for 2024

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How did we select the best international online brokers in Luxembourg in 2024?

  • We checked whether the broker is regulated by a trusted regulator,
  • Compared fees (including spreads, withdrawal fees, commissions),
  • We checked and compared every aspect of their services,
  • Opened an account and tested the platform (charting, features, usability) with real money.
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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.

author
Adam Nasli
Author of this article
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
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