Trade on IBKR
To help you find the best stock trading apps for Europeans, we went ahead and did the research for you. First, we selected 67 quality online brokers, then we checked their stock trading apps, stock trading fees, tradable markets and more. We went deep, so you won't have to.
5 stock trading apps made it to the top. We highly recommend all 5 to you. And now, without further ado...
Our top 5 picks for the best stock trading apps of 2020 for Europeans:
- Tradestation is the winner. User-friendly. Two-step (safer) login. Good variety of order types.
- DEGIRO in the second place. User-friendly. Two-step (safer) login. Good search function.
- Saxo Bank. rounded out the top three. User-friendly. Two-step (safer) login. Good search function.
- Freetrade, numero quatro. User-friendly. Good search function. Touch/Face ID login.
- Revolut. User-friendly. Good search function. Touch/Face ID login. Modern design. Just made it to the list with being number five.
| Name | Company info | Stock trading app score | |
|---|---|---|---|
| #1 | Tradestation | US stockbroker | 4.8 stars |
| #2 | DEGIRO | Dutch discount broker | 4.5 stars |
| #3 | Saxo Bank | Danish investment bank | 5.0 stars |
| #4 | Freetrade | UK discount broker | 4.2 stars |
| #5 | Revolut | UK discount broker | 4.4 stars |
The stock trading apps are always operated by a financial company, usually by a brokerage company.
What makes a good stock trading app? First, it has to be user-friendly and provide great functions. It also has to offer fair fees. Safe login, product search function, order types, price alert and order confirmation availability are also among the checked factors . Easy to list, but hard to figure it out. We are testing the stock trading apps with real accounts and real money. We know what's up.
Boring, but important stuff: On some of the trading apps you can trade with CFD products. They are complex and very risky, thus not suitable for everyone. You can easily lose all of your invested money. If you don't have a clue what a CFD is, start with these CFD trading tips
And now, let's see the best stock trading apps one by one. Starting with the winner, Tradestation.
#1 Best stock trading app for Europeans in 2019
Tradestation
Tradestation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 (cash up to $250,000) investor protection per account.
Tradestation is considered safe because it has a long track record, discloses its financials, and its parent company, the Monex Group is listed on the Tokyo stock exchange.
#1 Tradestation
App functionality and features
Tradestation's mobile platform is great. It is very user-friendly and well-designed. You will also find all important functions, like the price alert or order management features. On the other hand, the search functions could be better.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited search functions |
| • Two-step (safer) login | |
| • Good variety of order types |
Tradestation stock trading app is available on both iOS and Android.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Two-step authentication | Yes | Yes | Yes | No | No |
| # of order types | 5 | 5 | 5 | 2 | 4 |
| Search function | Mid-range | Great | Great | Great | Great |
| Price alerts | Yes | No | Yes | No | No |
| Order confirmation | Yes | Yes | Yes | Yes | Yes |
| User-friendly | Great | Great | Great | Great | Great |
#1 Tradestation
Stock trading fees
Tradestation stock trading fees are low.
It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.
A typical trade means that you buy and sell the shares for $2,000.
This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.
Here is the verdict:
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| US stock | $1.0 | $0.6 | $10.0 | $0.0 | $0.0 |
| UK stock | - | $2.4 | $9.6 | $0.0 | - |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Want to check the pricing by yourself? Here you go:
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| US stock | $0.01 per share; min $1 | $0.004 per share + €0.5 | $0.02/share; min $10, but using VIP pricing the minimum can be as low as $3 | £0 for basic orders and for instant/market orders | Unlimited free stock trades for Metal accounts; 8 and 3 monthly free stock trades for Premium and Standard accounts, respectively |
| UK stock | Not available | 0.014% + £1.75 with £5 max | 0.1% of trade value with £8 min, but using VIP pricing the commission can be as low as 0.05% of trade value with £5 min | £0 for basic orders and for instant/market orders | Not available |
Non-trading fees
Tradestation has high non-trading fees.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Account fee | No | No | No | No | No |
| Inactivity fee | Yes | No | Yes | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 | $0 |
Feel free to check out more about brokerage fees if your want to learn more.
#1 Tradestation
Account opening
Tradestation account opening is fully digital, user-friendly, and fast. On the other hand, the minimum deposit is $500 and multiple base currencies are only available for futures accounts.
| Pros | Cons |
|---|---|
| • Fast | • $500 minimum deposit |
| • Fully digital | • Multiple base currencies only for futures accounts |
| • User-friendly |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Minimum deposit | $500 | $0 | $10,000 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1-3 days | 1 day | 1 day |
You can start the account opening via both the broker website or the app.
#1 Tradestation
Deposit and withdrawal
Tradestation's deposit and withdrawal could be better. For example, you can only use bank transfer and there is a high withdrawal fee. On the upside, the deposit is free and withdrawal through wire transfer is fast.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Several account base currencies | • High withdrawal fee |
| • Quick deposit and withdrawal - within 3 days |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 | $0 |
#1 Tradestation
Markets and products
Tradestation gives you access to a wide variety of US products, but its non-US market coverage is not competitive. Also, forex and CFDs are missing.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Stock markets (#) | 5 | 28 | 28 | 3 | 2 |
| ETFs (#) | 2,300 | 5,400 | 3,100 | 58 | - |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Forex | No | No | Yes | No | No |
| Fund | Yes | Yes | Yes | No | No |
| Bond | Yes | Yes | Yes | No | No |
| Options | Yes | Yes | Yes | No | No |
| Futures | Yes | Yes | Yes | No | No |
| CFD | No | No | Yes | No | No |
| Crypto | Yes | Yes | Yes | No | Yes |
#2 Best stock trading app for Europeans in 2019
DEGIRO
DEGIRO is a Dutch online discount broker. It is privately owned and was established in 2008 by former employees of another brokerage company.
DEGIRO is regulated by top-tier financial authorities, the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). It is registered with the Chamber of Commerce and Industry in Amsterdam.
As of July 2020, DEGIRO removed the waiting list for new clients.
#2 DEGIRO
App functionality and features
DEGIRO's mobile app has a basic but good design, and is pretty straightforward to use.
| Pros | Cons |
|---|---|
| • User-friendly | • No price alerts |
| • Two-step (safer) login | • No Touch/Face ID login |
| • Good search function |
DEGIRO stock trading app is available on both iOS and Android.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Two-step authentication | Yes | Yes | Yes | No | No |
| # of order types | 5 | 5 | 5 | 2 | 4 |
| Search function | Mid-range | Great | Great | Great | Great |
| Price alerts | Yes | No | Yes | No | No |
| Order confirmation | Yes | Yes | Yes | Yes | Yes |
| User-friendly | Great | Great | Great | Great | Great |
#2 DEGIRO
Stock trading fees
DEGIRO stock trading fees are low.
It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.
A typical trade means that you buy and sell the shares for $2,000.
This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.
Here is the verdict:
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| US stock | $1.0 | $0.6 | $10.0 | $0.0 | $0.0 |
| UK stock | - | $2.4 | $9.6 | $0.0 | - |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Want to check the pricing by yourself? Here you go:
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| US stock | $0.01 per share; min $1 | $0.004 per share + €0.5 | $0.02/share; min $10, but using VIP pricing the minimum can be as low as $3 | £0 for basic orders and for instant/market orders | Unlimited free stock trades for Metal accounts; 8 and 3 monthly free stock trades for Premium and Standard accounts, respectively |
| UK stock | Not available | 0.014% + £1.75 with £5 max | 0.1% of trade value with £8 min, but using VIP pricing the commission can be as low as 0.05% of trade value with £5 min | £0 for basic orders and for instant/market orders | Not available |
Non-trading fees
DEGIRO has low non-trading fees.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Account fee | No | No | No | No | No |
| Inactivity fee | Yes | No | Yes | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 | $0 |
Feel free to check out more about brokerage fees if your want to learn more.
#2 DEGIRO
Account opening
DEGIRO no longer uses a waiting list for new users and also no minimum deposit is required. Since then, the account creation process is fast and fully digital.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Minimum deposit | $500 | $0 | $10,000 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1-3 days | 1 day | 1 day |
You can start the account opening via both the broker website or the app.
#2 DEGIRO
Deposit and withdrawal
DEGIRO deposits and withdrawals are free of charge via bank transfer. On the other hand, you cannot deposit with credit or debit card.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | |
| • Several account base currencies |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 | $0 |
#2 DEGIRO
Markets and products
At DEGIRO you can access many markets and trade with a lot of different products. CFD and forex are not available.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Stock markets (#) | 5 | 28 | 28 | 3 | 2 |
| ETFs (#) | 2,300 | 5,400 | 3,100 | 58 | - |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Forex | No | No | Yes | No | No |
| Fund | Yes | Yes | Yes | No | No |
| Bond | Yes | Yes | Yes | No | No |
| Options | Yes | Yes | Yes | No | No |
| Futures | Yes | Yes | Yes | No | No |
| CFD | No | No | Yes | No | No |
| Crypto | Yes | Yes | Yes | No | Yes |
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#3 Best stock trading app for Europeans in 2019
Saxo Bank
Saxo Bank is a Danish investment bank founded in 1992, providing online trading and investments. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA).
Saxo Bank is a global service provider. In the different regions, its subsidiaries are present in the form of separate legal entities. The services offered by each entity might change slightly especially in case of their fees and products available to trade. In this review, we tested Saxo Bank UK.
Saxo Bank is considered safe because it has a long track record, has a banking background, and is regulated by top-tier financial authorities.
#3 Saxo Bank
App functionality and features
Saxo Bank's user-friendly mobile platform has the same look and almost the same functionality as the web platform.
| Pros | Cons |
|---|---|
| • User-friendly | None |
| • Two-step (safer) login | |
| • Good search function |
Saxo Bank stock trading app is available on both iOS and Android.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Two-step authentication | Yes | Yes | Yes | No | No |
| # of order types | 5 | 5 | 5 | 2 | 4 |
| Search function | Mid-range | Great | Great | Great | Great |
| Price alerts | Yes | No | Yes | No | No |
| Order confirmation | Yes | Yes | Yes | Yes | Yes |
| User-friendly | Great | Great | Great | Great | Great |
#3 Saxo Bank
Stock trading fees
Saxo Bank stock trading fees are average.
It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.
A typical trade means that you buy and sell the shares for $2,000.
This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.
Here is the verdict:
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| US stock | $1.0 | $0.6 | $10.0 | $0.0 | $0.0 |
| UK stock | - | $2.4 | $9.6 | $0.0 | - |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Want to check the pricing by yourself? Here you go:
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| US stock | $0.01 per share; min $1 | $0.004 per share + €0.5 | $0.02/share; min $10, but using VIP pricing the minimum can be as low as $3 | £0 for basic orders and for instant/market orders | Unlimited free stock trades for Metal accounts; 8 and 3 monthly free stock trades for Premium and Standard accounts, respectively |
| UK stock | Not available | 0.014% + £1.75 with £5 max | 0.1% of trade value with £8 min, but using VIP pricing the commission can be as low as 0.05% of trade value with £5 min | £0 for basic orders and for instant/market orders | Not available |
Non-trading fees
Saxo Bank has average non-trading fees.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Account fee | No | No | No | No | No |
| Inactivity fee | Yes | No | Yes | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 | $0 |
Feel free to check out more about brokerage fees if your want to learn more.
#3 Saxo Bank
Account opening
Saxo's account opening is fully digital, user-friendly, and available in most of the world. On the other hand, the minimum deposit is high in certain countries, and account verification can take longer.
| Pros | Cons |
|---|---|
| • Fully digital | • Minimum deposit is high in certain countries |
| • User-friendly | • Relatively slow account verification |
| • Available in almost every country | • |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Minimum deposit | $500 | $0 | $10,000 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1-3 days | 1 day | 1 day |
You can start the account opening via both the broker website or the app.
#3 Saxo Bank
Deposit and withdrawal
Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Electronic wallets are not available for deposit or withdrawal |
| • Free withdrawal | |
| • No deposit fee |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 | $0 |
#3 Saxo Bank
Markets and products
Saxo Bank's product portfolio is great. It covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where its selection could be improved.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Stock markets (#) | 5 | 28 | 28 | 3 | 2 |
| ETFs (#) | 2,300 | 5,400 | 3,100 | 58 | - |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Forex | No | No | Yes | No | No |
| Fund | Yes | Yes | Yes | No | No |
| Bond | Yes | Yes | Yes | No | No |
| Options | Yes | Yes | Yes | No | No |
| Futures | Yes | Yes | Yes | No | No |
| CFD | No | No | Yes | No | No |
| Crypto | Yes | Yes | Yes | No | Yes |
#4 Best stock trading app for Europeans in 2019
Freetrade
Freetrade is a UK-based fintech startup providing commission-free stock trading, regulated by the United Kingdom's Financial Conduct Authority (FCA). The company was founded in 2016.
Freetrade is considered safe because it is regulated by a top-tier regulator, the FCA.
#4 Freetrade
App functionality and features
Freetrade provides a great mobile trading platform. It is user-friendly and well-designed, with an efficient search function. However, there are only two order types and the price alerts and two-step login are missing.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Good search function | • Limited order types |
| • Touch/Face ID login | • No price alerts |
Freetrade stock trading app is available on both iOS and Android.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Two-step authentication | Yes | Yes | Yes | No | No |
| # of order types | 5 | 5 | 5 | 2 | 4 |
| Search function | Mid-range | Great | Great | Great | Great |
| Price alerts | Yes | No | Yes | No | No |
| Order confirmation | Yes | Yes | Yes | Yes | Yes |
| User-friendly | Great | Great | Great | Great | Great |
#4 Freetrade
Stock trading fees
Freetrade stock trading fees are low.
It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.
A typical trade means that you buy and sell the shares for $2,000.
This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.
Here is the verdict:
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| US stock | $1.0 | $0.6 | $10.0 | $0.0 | $0.0 |
| UK stock | - | $2.4 | $9.6 | $0.0 | - |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Want to check the pricing by yourself? Here you go:
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| US stock | $0.01 per share; min $1 | $0.004 per share + €0.5 | $0.02/share; min $10, but using VIP pricing the minimum can be as low as $3 | £0 for basic orders and for instant/market orders | Unlimited free stock trades for Metal accounts; 8 and 3 monthly free stock trades for Premium and Standard accounts, respectively |
| UK stock | Not available | 0.014% + £1.75 with £5 max | 0.1% of trade value with £8 min, but using VIP pricing the commission can be as low as 0.05% of trade value with £5 min | £0 for basic orders and for instant/market orders | Not available |
Non-trading fees
Freetrade has low non-trading fees.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Account fee | No | No | No | No | No |
| Inactivity fee | Yes | No | Yes | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 | $0 |
Feel free to check out more about brokerage fees if your want to learn more.
#4 Freetrade
Account opening
Account opening at Freetrade is fast, fully digital and user-friendly and there is no minimum deposit.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Minimum deposit | $500 | $0 | $10,000 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1-3 days | 1 day | 1 day |
You can start the account opening via both the broker website or the app.
#4 Freetrade
Deposit and withdrawal
Freetrade's deposit and withdrawal processes are user-friendly and free. On the negative side, credit/debit cards are not accepted and you can only open GBP accounts.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | • Only one account base currency |
| • User-friendly |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 | $0 |
#4 Freetrade
Markets and products
Freetrade has a limited product portfolio, you can only trade with stocks and ETFs. It lacks other asset classes, like mutual funds, bonds, and options.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Stock markets (#) | 5 | 28 | 28 | 3 | 2 |
| ETFs (#) | 2,300 | 5,400 | 3,100 | 58 | - |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Forex | No | No | Yes | No | No |
| Fund | Yes | Yes | Yes | No | No |
| Bond | Yes | Yes | Yes | No | No |
| Options | Yes | Yes | Yes | No | No |
| Futures | Yes | Yes | Yes | No | No |
| CFD | No | No | Yes | No | No |
| Crypto | Yes | Yes | Yes | No | Yes |
#5 Best stock trading app for Europeans in 2019
Revolut
Revolut is a fast-growing fintech startup founded in 2015 and it's mainly known for its banking and payment services. In 2019, the company also launched its commission-free stock trading which is provided by Revolut Trading Ltd.
Revolut is regulated by multiple regulators, including the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients' assets are protected up to $500,000 ($250,000 cash) under the Securities Investment Protection Corporation's (SIPC) insurance
#5 Revolut
App functionality and features
Revolut offers a great mobile trading platform, as it is very user-friendly and you can log in using a Touch/Face ID. The search function also works well. On the other hand, there is no two-step login.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Good search function | • Limited order types |
| • Touch/Face ID login | • No price alerts |
| • Modern design |
Revolut stock trading app is available on both iOS and Android.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Two-step authentication | Yes | Yes | Yes | No | No |
| # of order types | 5 | 5 | 5 | 2 | 4 |
| Search function | Mid-range | Great | Great | Great | Great |
| Price alerts | Yes | No | Yes | No | No |
| Order confirmation | Yes | Yes | Yes | Yes | Yes |
| User-friendly | Great | Great | Great | Great | Great |
#5 Revolut
Stock trading fees
Revolut stock trading fees are low.
It is not so easy to compare trading fees for stock trading. What did we do at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for two popular markets, the US and the UK.
A typical trade means that you buy and sell the shares for $2,000.
This super catch-all benchmark fee includes spreads, financing costs (if applies) and commission for all brokers.
Here is the verdict:
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| US stock | $1.0 | $0.6 | $10.0 | $0.0 | $0.0 |
| UK stock | - | $2.4 | $9.6 | $0.0 | - |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Want to check the pricing by yourself? Here you go:
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| US stock | $0.01 per share; min $1 | $0.004 per share + €0.5 | $0.02/share; min $10, but using VIP pricing the minimum can be as low as $3 | £0 for basic orders and for instant/market orders | Unlimited free stock trades for Metal accounts; 8 and 3 monthly free stock trades for Premium and Standard accounts, respectively |
| UK stock | Not available | 0.014% + £1.75 with £5 max | 0.1% of trade value with £8 min, but using VIP pricing the commission can be as low as 0.05% of trade value with £5 min | £0 for basic orders and for instant/market orders | Not available |
Non-trading fees
Revolut has low non-trading fees.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Account fee | No | No | No | No | No |
| Inactivity fee | Yes | No | Yes | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 | $0 |
Feel free to check out more about brokerage fees if your want to learn more.
#5 Revolut
Account opening
Revolut has an easy, fast, and fully digital account opening and there's no minimum account balance.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Minimum deposit | $500 | $0 | $10,000 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1-3 days | 1 day | 1 day |
You can start the account opening via both the broker website or the app.
#5 Revolut
Deposit and withdrawal
Revolut offers several deposit options and both deposits and withdrawals are free even with wire transfers. On the negative side, you can only use USD-based accounts for trading.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Only USD-accounts for trading |
| • Free withdrawal | |
| • No deposit fee |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | No | No |
| Withdrawal fee | $35 | $0 | $0 | $0 | $0 |
#5 Revolut
Markets and products
Revolut has a limited product portfolio as you can only trade with certain US stocks and cryptos. It lacks other popular asset classes, like mutual funds, bonds, options, etc.
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Stock markets (#) | 5 | 28 | 28 | 3 | 2 |
| ETFs (#) | 2,300 | 5,400 | 3,100 | 58 | - |
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Forex | No | No | Yes | No | No |
| Fund | Yes | Yes | Yes | No | No |
| Bond | Yes | Yes | Yes | No | No |
| Options | Yes | Yes | Yes | No | No |
| Futures | Yes | Yes | Yes | No | No |
| CFD | No | No | Yes | No | No |
| Crypto | Yes | Yes | Yes | No | Yes |
Best stock trading apps for Europeans
Bottom line
You saw the details, now let's zoom out. Here are the best stock trading apps of 2020 for Europeans:
| Tradestation | DEGIRO | Saxo Bank | Freetrade | Revolut | |
|---|---|---|---|---|---|
| Stock fee class | Low | Low | Average | Low | Low |
| Mobile platform score | 4.8 stars | 4.5 stars | 5.0 stars | 4.2 stars | 4.4 stars |
| Account opening score | 5.0 stars | 5.0 stars | 2.6 stars | 5.0 stars | 5.0 stars |
| Deposit and withdrawal score | 1.8 stars | 3.3 stars | 4.8 stars | 2.8 stars | 3.5 stars |
| Markets and products score | 2.7 stars | 3.6 stars | 5.0 stars | 1.8 stars | 2.0 stars |
Tradestation is our winner, the best stock trading app for Europeans. User-friendly. Two-step (safer) login. Good variety of order types.
All stock trading apps are considered a great choice. Pick the winner, or any runner-up and take the next step in your investment journey. Let us know what you think in the comment section.
Still unsure which app and broker to choose? Use the broker finder and find the best app for you or learn more about investing your money.
