Erste Broker Logo

Erste Broker Review 2025

Written by
Adam N.
Fact checked by
Updated
1h ago
Regulated and trusted. Tested via live trading.
120 people chose this broker
Not available in United States; see best alternatives

Why choose Erste Broker

Erste Broker, a subsidiary of Erste Bank, is a Hungarian brokerage. It stands out with its transparent and secure operations, rooted in an Austrian banking background and stock exchange listing. It has a user-friendly web trading platform and provides robust investor protection.

However, the brokerage falls short with the lack of educational content and mediocre customer service. Additionally, it only accepts bank transfers for deposits and imposes fees on withdrawals, which might be a drawback for some investors.

BrokerChooser gave Erste Broker a 3.9/5 rating based on analyzing 600+ criteria and testing via opening a live account.

  • Solid Austrian banking background
  • User-friendly web trading platform
  • High level of investor protection
Overall score
3.9/5
Minimum deposit
$0
Stock fee
Average
Fund fee
High
Inactivity fee
no
Account opening
1-3 days

Not sure if this is the right broker for you? See the best ones.

See how the best brokers in the United States compare to Erste Broker

US stock fee
Estimated commission of a $2,000 trade, assuming a $50 stock price
Track every investment in one view
Stop wasting time with switching between broker apps. See your entire portfolio all at once.
Start tracking now

Fees

Score: 3.1/5
Erste Broker has overall average trading fees. Non-trading fees are low and there is no inactivity fee. On the negative side, it charges a monthly account fee and a fee for withdrawals.
  • Low non-trading fees
  • No inactivity fee

We compared Erste Broker's fees with two similar brokers we selected, Interactive Brokers and KBC Equitas. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Erste Broker alternatives.

Average stock and ETF commission

Erste Broker US stock fees are much higher than the industry average. US stock fees are calculated as follows: 0.45%, with a $7 minimum

Broker
US stock
Erste Broker
$7.0
Interactive Brokers
$1.0
KBC Equitas
$7.0
Erste Broker stock and ETF commission

High mutual fund commission

Erste Broker Mutual fund fees are much higher than the industry average. Mutual fund fees are calculated as follows: 1.0-2.5% of market value, min. €2; only Erste Funds available

Broker
Mutual fund
Erste Broker
$20.0
Interactive Brokers
$15.0
KBC Equitas
$0.0
Erste Broker mutual fund commission

Customers need to pay 1.0%-2.5% of the market value, but usually there is a minimum fee of $1-2. Additionally, only the broker's own Erste Funds are available.

Average custody fee, no withdrawal fee

Erste Broker does not charge an inactivity fee.

On the other hand, there is a monthly account fee of HUF 350.

Broker
Custody fee
Withdrawal fee
Erste Broker
$0
Interactive Brokers
$0
KBC Equitas
$5
Erste Broker custody, withdrawal and other fees

Check out a detailed analysis of all the fees, commissions, and other charges levied by Erste Broker for more information.

Safety

Erste Broker is a legit brokerage. It is part of Austria's Erste Group, which has a banking license and is listed on a stock exchange. Its financial information is publicly available and it provides suitable investor protection.
  • High level of investor protection
  • Banking background
  • Listed on stock exchange
Read more

Deposit and withdrawal

Score: 2.6/5
Deposit and withdrawal are user-friendly at Erste Broker, with several account currencies available. However, credit/debit cards are not available as an option and there is a fee for withdrawals.
  • No deposit fee
  • Several account base currencies
  • User-friendly
Read more

Account opening

Score: 4.4/5
Erste Broker's account opening is fully online with no minimum deposit required.
  • Fully digital
  • No minimum deposit
Read more

Mobile app

Score: 3/5
NetBroker GO is user-friendly, with a two-factor login and a good search function. However, there are no price alerts and it's available only in Hungarian.
  • Two-step (safer) login
  • Good variety of order types
  • Touch/Face ID login
Read more

Web trading platform

Score: 3.8/5
Erste's NetBroker platform is user-friendly, with a safer login. However, its customizability is limited, there are no price alerts and it is available only in Hungarian.
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
Read more

Product selection

Score: 1.8/5
Erste Broker provides access to many asset classes, including stocks, ETFs and Hungarian bonds. However, some products such as forex, cryptos or options are not available.
Read more
“I recommend Erste Broker for long-term investors from Hungary.”
Track every investment in one view
Stop wasting time with switching between broker apps. See your entire portfolio all at once.
Start tracking now

FAQ

Read more
Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

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 review
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.
Media mentions