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Overall rate4.8 / 54.5 / 54.4 / 54.3 / 54.3 / 54.3 / 54.2 / 54.2 / 54.1 / 54.1 / 54.1 / 54.1 / 54.1 / 54.0 / 54.0 / 53.9 / 53.8 / 52.8 / 5
Recommended for
Investors aiming for a great research and trading platform with a broad access to the international marketsPrice is crucial and can trade in a professional trading environmentBuy and hold investors with any experience levelPrice-sensitive buy and hold investors and traders looking for only executionForex traders aiming for a good customer serviceBeginners and investorsForex traders looking for easy account opening, funding, and withdrawal processesBeginners and buy and hold investorsBeginners and buy and hold investors focusing on the US stock marketGerman speaking investors and CFD traders focusing mainly on European securitiesPrice sensitive forex and tradersTraders with any experience level aiming for a great and easy-to-use trading platformBeginner CFD tradersPrice sensitive equity and option traders focusing on the USExperienced traders looking for an easy-to-use platform, with great user experience.Beginner traders and those interested in social trading (copying other traders’ trades)Buy and hold investors with any experience levelRequires account with large banking group and personal advisory services
Brokerchooser award
Best Research
Best Product Portfolio
Best For Beginners
Fee Champion
Best Customer Service
Best Platform Design
Free Trading
Best Web Trading Platform
Best CFD Fee Structure
Bes Social Trading
Basic data of broker
Country of origin
DenmarkUSASwitzerlandNetherlandsAustraliaSwitzerlandUKLuxembourgUSGermanyUSAUKIsrael/CyprusUSAIsraelIsraelUSALuxembourg
Listed on stock exchange
Banking background
Fees
Fee Rating
Fee summaryModerately competitive feesOutstandingly competitive fees, especially in the USARelatively high trading and non-trading fees, but competitive financing rate.One of the lowest fee structure in the marketCompetitive spreads and overall pricing plansHigh trading fees, high minimum feesHigh trading feesTrading costs of US stocks are competitive. However, trading with non-US stocks is costly.Moderately competitive feesCompetitive forex fee structureHigh trading fees, competitive financing ratesCompetitive fee structure among the CFD brokersOutstandingly competitive US options trading fees, competitive US stock trading feesModerately competitive fee structure among the CFD brokersCompetitive fee structure among CFD brokersStraight-line fees for personal trading, overall pricing structure directed at high-volume traders. Very high trading and custody fees
Starter calculated yearly fee- 161 USD242 USD263 USD- 506 USD- 252 USD- 439 USD- - - - - - 120 USD4 068 USD
Investor calculated yearly fee752 USD310 USD1 507 USD228 USD- 3 312 USD- 1 892 USD800 USD2 358 USD- - - - - - - 3 408 USD
Trader calculated yearly fee3 052 USD532 USD4 374 USD- - - - - - - - - - - - - - -
Stock and ETF fee
USA15 USD1 USD15 USD1 USD- 25 USD- 19 USD0 USD15 USD- - - 3 USD- - 5 USD46 USD
Germany14 USD5 USD17 USD6 USD- 29 USD- 36 USD50 USD11 USD- - - - - - - 46 USD
UK 12 USD9 USD22 USD6 USD- 36 USD- 19 USD50 USD15 USD- - - - - - - 46 USD
Japan14 USD2 USD- 13 USD- 77 USD- - - - - - - - - - - 46 USD
Hong Kong20 USD2 USD- 13 USD- 208 USD- 59 USD- - - - - - - - - 46 USD
Forex costs
All inclusive cost
Major FX pair (EURUSD)3.2 USD2.3 USD12.6 USD- 1 USD1.6 USD1.1 USD- - - 1.1 USD- - - - - - -
Minor FX pair (NZDUSD)4.3 USD2.7 USD15.6 USD- 2.1 USD3.1 USD2.8 USD- - - 2.2 USD- - - - - - -
Usual spread, pips
EURUSD
0.2 0.3 3 1.2 1.8 1.3 1.2 - - -
NZDUSD
0.9 0.5 4 1.5 2.2 2 1.6 - - -
Fund fee
Option prices
Futures fee
CFD fee
Bond fees
Other, non trading fees
Account feeNoNoNoNoNoNoNoFree if you have made at least 12 trades in the previous quarterNoNoNoNoNoNoNoNoNo200 EUR + 0.6% custody fee
Inactivity fee100 USD/6 months after 6 no-trade monthsYou need to generate at least 10 USD/month comission, otherwise inactivity fee = 10 USD - comission generated25 CHF / 6 months, if no trading in the previous 6 months or less than 5 trades in the previous yearNoNoNo$50 / year after one year of inactivity€25/quarter between 1 and 11 trades; €45/quarter for 0 tradeNo€5.85/quarter if less than 2 trades10 EUR per month after 2 years of inactivity12 GBP per month after 2 years of inactivityNoNo10 USD per quarter after 3 months of inactivity5 USD / month - after 12 months of inactivity for depositing accounts and after 4 months for non-depositing accounts50 USD/ year if less than 2000 USD on balance or less than 5 trades/year.No
Financing rateMarket ask rates plus 8 %. min. 8 % Benchmark + 1.5% 3.5% for EUR and 2.5% for USD Depends on currrency (e.g. EUR 1.3%) Not provided Depends on currrency (e.g. EUR 3%) 6.99% for USD and 4.99% for EUR 4.8%-7.2% 3% + currency interest Depends on currrency (e.g. EUR 0.4%. USD 1.65%) Benchmark + 2.5% Depends on the traded product. e.g. yearly 6.2% for long Apple Depends on debt balance (ranging 8% for up to $25k and 5% from $1mn) Depends on the traded product. e.g. 9.9% for long Apple Depends on the traded product. e.g. yearly 4.9% for long Apple 8.5% to 6.25% depending on the balance Euribor 3 month + 2 %
Funding and Withdrawal
Funding Type
Bank Transfer
Credit/Debit card
Electronic Wallets
Funding Time
1-5 business days1 - 3 business daysT + 2 days30 minutes - 3 business days1-2 business days1-3 business days1-10 business days1-5 business days4-5 business days4-5 business days30 minutes - 5 business days30 minutes - 5 business days30 minutes - 5 business days1 - 5 business days30 minutes - 5 business days30 minutes - 7 business days1-6 business days
Withdrawal Type
Bank Transfer
Credit/Debit card
Electronic Wallets
Withdrawal Time
1-5 business days1 - 5 business daysT + 2 days30 minutes - 3 business days1-2 business days1-3 business days1-10 business days1-5 business days4-5 business days4-5 business days1 - 5 business days1 - 5 business days30 minutes - 5 business days1 - 5 business days30 minutes - 5 business days30 minutes - 7 business days1-6 business days
Withdrawal feeNo10 USD, but one free withdrawal per month2 CHF/EUR/GBP/USD to a Swiss bank account / 15 CHF/EUR/GBP/USD to a foreign bank accountNo20 USD for bank transfer; 1 USD for Skrill; the rest is free2 CHF/2 EUR/10 USD dependent on currencyup to $400 (below 50 000 EUR) for EU currenciesNoNo- Bank transfer/wire: 20-35 EUR / Debit card: 0-20 EURNoNo$25 for US withdrawal and $45 for non-US withdrawal5 free withdrawals per month, 10 USD/withdrawal after25 USD35 USD Overseas / 25 USD US0.75 EUR for SEPA accounts (free within BGL BNP)
Account opening
Account Opening Rating
Minimum required balance2.000 USD $0 for non-margin accounts; $2.000 for margin accounts 1000 CHF No No No No No 0 USD for standard account and 2.000 USD for Robinhood Gold No No 300 USD 100 USD/EUR/GBP No 500 EUR for bank transfer.100 EUR for credit/debit card 200 USD (10.000 USD for residents from Israel) 500 USD for cash account. 2000 USD for margin accounts. 5000 USD for futures accounts 50 000 EUR
Needed documentsProof of identity: personal ID or passport or drivers licence can be digitally identified; proof of residence: ID card or insurance card or utility bill or bank statementPersonal ID or passport can be digitally identifiedCopies of passport and permanent address need to be postedCopy of personal ID or passport needs to be uploadedPassport/ID; Utility bill or some other forms for proof of residencyNotarized copies of passport and permanent address need to be postedPhoto ID, and proof of residence.Notarized copy of registration form needs to be posted For some high-risk countriesIdentity card or Passport or Driver's licensePersonal ID or passport needs to be uploadedCopy of passport and bank statement/utility bill/tax letter need to be uploadedCopy of passport or two government issued photo IDs need to be uploadedCopy of passport needs to be uploadedCopy of passport or personal ID and proof of address need to be uploadedCopy of ID needs to be uploaded;Proof of adress (accept utility bills)Copy of passport or personal ID and utility bill needs to be uploadedPersonal ID (Passport, ID card) + Proof of residence (Utility bill) Two valid proof of indentities and one proof residence need to be uploaded
Time to open account3-7 days with identification and funding 5-6 days with identification and account transfer 10-15 days with identification and account transfer 2-3 days with identification and money transfer 4-5 days 1-3 days with identification 1-3 days with identification and funding. 4-5 days 1 day 3-4 days (need to receive access PIN by post) 1-2 days with identification and account transfer 1-4 days with identification and account transfer 1-2 Days 2 days 1 Day 1 day 2 weeks. needed to mail W8 form directly to them. 2 weeks
Trading platform
Web
Mobile
Tradable products
Major stock markets (USA, Germany, UK)
Japanese Stocks
Hong Kong Stocks
ETF
Forex
Funds
Bonds
Options
Futures
CFD
Bitcoin
Customer care
Research quality
Customer service quality
Possible to meet personallyPrague, Amsterdam, Geneva, London, monthly customer meeting in Budapest and BratislavaNoGenevaAmsterdam, SofiaLondon, Melbourne, Shanghai, Dallas, Bangkok, ZürichAustralia, France, Germany, Hong Kong, Italy, South Africa, and the UK.LuxembourgCalifornia (US)NoLondonLondon, Dublin, Madrid, Paris, Stockholm, Milan, Geneva, Düsseldorf, LuxembourgNoNANoLondon, LimassolNew York, Chicago, London, Sydney, Costa RicaLuxemburg
Security
Account protection you get 100.000 EUR for cash deposits and 20.000 EUR for securities for most European countries£50,000 or $500,000 ($250,000 cash) in Europe depending on the assets you hold; $500,000 ($250,000) in the US100,000 CHF20.000 EUR£50.000 in Europe100.000 CHF£50.000 in Europe100.000 EUR for cash deposits and 20.000 EUR for securities500.000 USD (securities up to 500.000 USD, cash up to 250.000 USD)€100.00050.000 GBP in Europe50.000 GBP in Europe20.000 EUR500.000 USD (securities up to 500.000 USD, cash up to 250.000 USD)50.000 GBP in the UK, 20.000 EUR in other European countries50.000 GBP for UK residents, 20.000 EUR for residents of non-UK countries500.000 USD (securities up to 500.000 USD, cash up to 250.000 USD)20.000 EUR
Country of regulation
DK, UK, CH, FR, SG, AE, HK, AU, TRUK, US, India, Australia, Canada, Japan, Hong KongSwitzerlandNetherlandsUK, AustraliaSwitzerlandUK, AustraliaLuxembourgUSAGermanyUK, USA, Australia, Singapore, Canada, JapanCyprus and South AfricaUSAUK, Cyprus, Australia, SingaporeUK, CyprusUSALuxembourg