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
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
Fees
- 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 |
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 |
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 |
Check out a detailed analysis of all the fees, commissions, and other charges levied by Erste Broker for more information.
Safety
- High level of investor protection
- Banking background
- Listed on stock exchange
Deposit and withdrawal
- No deposit fee
- Several account base currencies
- User-friendly
Account opening
- Fully digital
- No minimum deposit
Mobile app
- Two-step (safer) login
- Good variety of order types
- Touch/Face ID login
Web trading platform
- User-friendly
- Clear fee report
- Two-step (safer) login
Product selection
FAQ
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.