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Waiting list and longer account opening time
Our top picks for DEGIRO alternatives
eToro
4.6
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75% of retail CFD accounts lose money
TradeStation Global
4.6
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DEGIRO Alternatives

The best alternatives to DEGIRO are

  1. TradeStation Global - UK-based global broker
  2. eToro - Global social trading broker
  3. Interactive Brokers - US discount broker

Let's see in a bit more detail how the DEGIRO alternatives compare to DEGIRO and each other:

DEGIRO alternatives comparison
DEGIRO TradeStation Global eToro Interactive Brokers
Overall score 4.7 4.6 4.6 4.9
Fees score 5.0 4.1 4.2 4.3
Account opening score 5.0 2.8 5.0 3.4
Deposit and withdrawal score 3.3 2.5 3.7 2.5
Web platform score 3.9 4.3 4.4 4.3
Markets and products score 3.6 5.0 3.8 5.0
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Why are these brokers considered good alternatives to DEGIRO? There are many areas based on which DEGIRO can be compared with others. When we say a given online broker is a good alternative to DEGIRO we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

DEGIRO alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • DEGIRO is recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions
  • TradeStation Global is recommended for traders and investors looking for low fees and a wide selection of products
  • eToro is recommended for traders interested in social trading (i.e. copying other investors’ trades)
  • Interactive Brokers is recommended for traders looking for low fees and a professional trading environment

Important factors of finding DEGIRO alternatives

So far BrokerChooser has reviewed 58 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether DEGIRO or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. DEGIRO is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost DEGIRO alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At DEGIRO this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at DEGIRO, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given DEGIRO alternative is a must.


Now let's dive into the details of how DEGIRO and its alternatives perform in the most important areas!

DEGIRO alternatives
DEGIRO

DEGIRO review - Waiting list

Compare to best alternative

Disclaimer: As of March 25, 2020, DEGIRO has introduced a temporary waiting list for new client registrations, until further notice. This is due to the surge of new registrations amid the ongoing heavy market volatility. Because of this situation, the account creation process may take much longer, although it is uncertain how long exactly. We will update the review as we find out more details.

Be also aware that investing involves a risk of loss.

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.

Recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions

Pros Cons
One of the lowest fees on the market Limited research and education
Fast and seamless account opening No forex trading
Easy to use web and mobile trading platform No credit/debit card deposit and withdrawal

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Waiting list and longer account opening time

Fees
5.0

DEGIRO has low trading and non-trading fees. In most asset classes, it is the best on the market. There are some ETFs that you can trade once a month for free, which is a great deal for buy-and-hold investors.
Pros Cons
Low trading fees Higher trading fees for Asian and smaller European stock exchanges
Low non-trading fees
Low stock and ETF fees
DEGIRO alternatives trading fees
DEGIRO TradeStation Global eToro Interactive Brokers
US stock $0.6 $1.5 $0.0 $1.0
UK stock $2.4 $2.4 $0.0 $7.2

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

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Waiting list and longer account opening time

Account opening
5.0

As of March 25, 2020, DEGIRO has introduced a waiting list for new accounts. Expect longer waiting times for an otherwise easy and fast account opening process. No minimum deposit is required.
Pros Cons
Fast Waiting list and longer account opening time
Fully digital
No minimum deposit
DEGIRO alternatives minimum deposit and account open times
DEGIRO TradeStation Global eToro Interactive Brokers
Minimum deposit $0 $1,000 $200 $0
Time to open account 1 day 1 day 1 day 1-3 days

Learn more about DEGIRO minimum deposit here.

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Deposit and withdrawal
3.3

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
DEGIRO and alternatives withdrawal options and fees
DEGIRO TradeStation Global eToro Interactive Brokers
Bank Transfer Yes Yes Yes Yes
Credit/Debit card No No Yes No
Electronic wallets No No Yes No
Withdrawal fee $0 $0 $5 $0

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Waiting list and longer account opening time

Web trading platform
3.9

DEGIRO's web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, you cannot set price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
DEGIRO - Web trading platform
DEGIRO and alternatives trading platform scores
DEGIRO TradeStation Global eToro Interactive Brokers
Web platform score 3.9 4.3 4.4 4.3
Mobile platform score 4.5 3.5 4.9 3.5
Desktop platform score - 3.0 - 3.0

Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.

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Waiting list and longer account opening time

Markets and products
3.6

At DEGIRO you can access many markets and trade with a lot of different products. CFD and forex are not available.
DEGIRO and alternatives markets and products
DEGIRO TradeStation Global eToro Interactive Brokers
Stock Yes Yes Yes Yes
ETF Yes Yes Yes Yes
Forex No Yes Yes Yes
Fund Yes Yes No Yes
Bond Yes Yes No Yes
Options Yes Yes No Yes
Futures Yes Yes No Yes
CFD No Yes Yes Yes
Crypto Yes Yes Yes Yes

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Waiting list and longer account opening time

Verdict

DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.

It is far cheaper than its big European competitors and only TradeStation Global comes close to competing with DEGIRO's fees. The account opening process is also fast, you will usually have your account ready to use within a day. It is also one of the best trading platforms for Europeans.

However, its low prices come with some shortfalls. Education and research tools are limited, there is no forex trading, and you can only deposit and withdraw money by bank transfer.

All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.

DEGIRO
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA. As of March 25, 2020, DEGIRO introduced a waiting list for new customers. Longer than usual account opening times are expected.
Fees score 5.0
Recommended for Price-sensitive buy-and-hold investors and traders looking only to carry out transactions

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Waiting list and longer account opening time

DEGIRO alternatives
TradeStation Global

TradeStation Global is the brand of TradeStation International, which is based in the UK and regulated by the top-tier FCA. TradeStation International is the subsidiary of TradeStation, while introducing broker of Interactive Brokers (IB).  

Therefore, TradeStation Global is a combined product of TradeStation and IB. You can reach IB's markets almost at IB's fees. You can trade on both IB's and TradeStation's desktop platform. The customer service is by TradeStation. 

Both Interactive Brokers and TradeStation are reputable brokers, regulated by top-tier financial authorities. While Interactive Brokers is listed on NASDAQ, TradeStation itself is not: only TradeStation's parent company Monex is listed on the Tokyo Stock Exchange.

 

Recommended for traders and investors looking for low fees and a wide selection of products

Pros Cons
Low trading fees Not user-friendly deposit and withdrawal
Wide range of products Complicated account opening
Fast and relevant customer service Limited education materials

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Fees
4.1

TradeStation Global has low trading fees, especially for stock and ETF. It's also great that there is no inactivity fee and the first withdrawal in each month is free of charge. On the other hand, mutual fund fees are high.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Low stock and ETF fees
DEGIRO vs. TradeStation Global: Trading fees
TradeStation Global DEGIRO
Apple benchmark fee $3.2 $1.4
Vodafone benchmark fee $5.3 $5.3
EURUSD benchmark fee $17.9 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
2.8

TradeStation Global's account opening is fully digital and fast. On the negative side, the process is complicated and there is a high, $1,000 minimum required deposit.
Pros Cons
Fast Minimum deposit is higher than $500
Fully digital Not user-friendly
DEGIRO vs. TradeStation Global: Minimum deposit, time to open an account
TradeStation Global DEGIRO
Minimum deposit $1,000 $0
Time to open account 1 day 1 day

If you are interested more in TradeStation Global minimum deposit, this overview will help you.

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Deposit and withdrawal
2.5

TradeStation Global offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies Not user-friendly
No charge for the first withdrawal every month.
DEGIRO vs. TradeStation Global: Withdrawal options
TradeStation Global DEGIRO
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.3

You can use Interactive Brokers' web trading platforms. Client Portal is simple and easy to use even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report Difficult to set the alerts
Two-step (safer) login
Web trading platform of TradeStation Global, a DEGIRO alternative
DEGIRO vs. TradeStation Global: Trading platform scores
TradeStation Global DEGIRO
Web platform score 4.3 3.9
Mobile platform score 3.5 4.5
Desktop platform score 3.0 -

Learn more about TradeStation Global's web trading platform in the detailed TradeStation Global review.

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Markets and products
5.0

With TradeStation Global, you can access the same range of product types and exchanges as at Interactive Brokers. This selection is one of the widest among online brokers.
DEGIRO vs. TradeStation Global: Markets and products
TradeStation Global DEGIRO
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD Yes No
Crypto Yes Yes

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Verdict

TradeStation Global has low trading fees, has access to a lot of products and markets, and has great customer support. The TradeStation Global desktop platform has great charting tools, and plenty of indicators highly customizable watchlists (Radar Screen), and visualized order placing (Matrix).

On the other hand, the deposit and withdrawal process is not user-friendly and you can use only a bank transfer. The account opening is complicated and for full account verification, a minimum deposit of $1,000 is needed. Lastly, the education section could be extended with more materials, as of now, it is limited.

If you prefer low fees with IB's product range, feel free to try TradeStation Global.

TradeStation Global
Summary TradeStation Global is an introducing broker for EU clients. It is regulated by the top-tier UK FCA.
Fees score 4.1
Recommended for Traders and investors looking for low fees and a wide selection of products

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DEGIRO alternatives
eToro

eToro is a well-known Israeli fintech startup, a social trading broker established in 2007.

eToro serves UK clients through an entity regulated by the Financial Conduct Authority (FCA), Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot entity 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 site and does not have a bank parent.

eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech startup.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

Recommended for traders interested in social trading (i.e. copying other investors’ trades)

Pros Cons
Free stock and ETF trading in the EU High forex fees
Seamless account opening Withdrawing money is slow and expensive
Social trading experience Only one account base currency

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75% of retail CFD accounts lose money

Fees
4.2

eToro offers free stock trading in Europe and has low CFD fees. On the negative side, forex trading fees are high and there is a fee charged for inactivity or withdrawal.
Pros Cons
Free stock and ETF trading in the EU High non-trading fees
Low CFD fees High forex fees
Withdrawal fee
DEGIRO vs. eToro: Trading fees
eToro DEGIRO
Apple benchmark fee $6.3 $1.4
Vodafone benchmark fee - $5.3
EURUSD benchmark fee $19.6 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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75% of retail CFD accounts lose money

Account opening
5.0

Account opening at eToro is seamless and very fast.
Pros Cons
Fast None
Fully digital
Low minimum deposit
DEGIRO vs. eToro: Minimum deposit, time to open an account
eToro DEGIRO
Minimum deposit $200 $0
Time to open account 1 day 1 day

If you are interested more in eToro minimum deposit, this overview will help you.

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75% of retail CFD accounts lose money

Deposit and withdrawal
3.7

Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
Pros Cons
Credit/Debit card available Only one account base currency
No deposit fee $5 withdrawal fee
User-friendly
DEGIRO vs. eToro: Withdrawal options
eToro DEGIRO
Bank Transfer Yes Yes
Credit/Debit card Yes No
Electronic wallets Yes No
Withdrawal fee $5 $0

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75% of retail CFD accounts lose money

Web trading platform
4.4

eToro offers a user-friendly and well-designed web trading platform. In addition, social trading is also available. On the other hand, the customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of eToro, a DEGIRO alternative
DEGIRO vs. eToro: Trading platform scores
eToro DEGIRO
Web platform score 4.4 3.9
Mobile platform score 4.9 4.5
Desktop platform score - -

Learn more about eToro's web trading platform in the detailed eToro review.

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75% of retail CFD accounts lose money

Markets and products
3.8

At eToro you can trade with CFDs and forex, as well as real stocks, ETFs and many cryptocurrencies. In addition, the broker also offers innovative services like social trading and CopyPortfolio.
DEGIRO vs. eToro: Markets and products
eToro DEGIRO
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund No Yes
Bond No Yes
Options No Yes
Futures No Yes
CFD Yes No
Crypto Yes Yes

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75% of retail CFD accounts lose money

Verdict

eToro has zero-commission stock trading in Europe. Account opening is really fast and seamless. It has also a lot of innovative features, like social trading.

It has some drawbacks, though. Forex fees and non-trading fees are high, and eToro only allows USD accounts

Overall, we would recommend eToro for its social trading feature and cheap stock trading.

Risk disclaimer

eToro is a multi-asset platform that offers both investing in stocks and cryptoassets, as well as trading CFD assets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

Past performance is not an indication of future results.

eToro
Summary eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.2
Recommended for Traders interested in social trading (i.e. copying other investors’ trades)

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75% of retail CFD accounts lose money

DEGIRO alternatives
Interactive Brokers

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, the broker is considered safe. Also, having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Wide range of products Extremely complex desktop trading platform
Many great research tools Complicated account opening process
Regulated by several authorities High inactivity fee

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Fees
4.3

Interactive Brokers has low trading fees and for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros Cons
Low trading fees Inactivity fee
Low stock and ETF fees
Low financing rate
Free stock and ETF trading for US clients
DEGIRO vs. Interactive Brokers: Trading fees
Interactive Brokers DEGIRO
Apple benchmark fee $2.2 $1.4
Vodafone benchmark fee $14.9 $5.3
EURUSD benchmark fee $17.9 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
3.4

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the online registration is complicated and account verification takes around 2 business days.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most accounts types Confusing messages throughout the process
DEGIRO vs. Interactive Brokers: Minimum deposit, time to open an account
Interactive Brokers DEGIRO
Minimum deposit $0 $0
Time to open account 1-3 days 1 day

If you are interested more in Interactive Brokers minimum deposit, this overview will help you.

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Deposit and withdrawal
2.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies Not user-friendly
First withdrawal each month free
DEGIRO vs. Interactive Brokers: Withdrawal options
Interactive Brokers DEGIRO
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.3

Interactive Brokers's web platform is simple and easy to use even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of Interactive Brokers, a DEGIRO alternative
DEGIRO vs. Interactive Brokers: Trading platform scores
Interactive Brokers DEGIRO
Web platform score 4.3 3.9
Mobile platform score 3.5 4.5
Desktop platform score 3.0 -

Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.

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Markets and products
5.0

Through Interactive Brokers you can access an extremely wide range of markets, with every product type available.
DEGIRO vs. Interactive Brokers: Markets and products
Interactive Brokers DEGIRO
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD Yes No
Crypto Yes Yes

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Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker for advanced traders.

On the plus side, IB has a vast range of markets and products available, with diverse research tools and low costs

There are some drawbacks though: there is a high inactivity fee and the account opening process is complicated. The desktop platform is complex and hard-to-understand, especially for beginners.

If you have experience navigating complex platforms and you like transparent low-cost trading, Interactive Brokers could be a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.3
Recommended for Traders looking for low fees and a professional trading environment

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DEGIRO alternatives
Bottom line

Based on our analysis, there are several good alternatives to DEGIRO. They all offer similar products and target similar customers. Here's a recap of the results in a table.

DEGIRO alternatives
Broker Info Recommended for
DEGIRO Dutch discount broker Price-sensitive buy-and-hold investors and traders looking only to carry out transactions
TradeStation Global UK-based global broker Traders and investors looking for low fees and a wide selection of products
eToro Global social trading broker Traders interested in social trading (i.e. copying other investors’ trades)
Interactive Brokers US discount broker Traders looking for low fees and a professional trading environment

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Gergely Korpos

Gergely Korpos

Co-founder, CPO

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.

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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