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Internaxx Review 2019

3.6 4 stars · Dec 2018
Compare to best alternative broker
Internaxx logo

Internaxx is a Luxembourg-based online broker specialized in international investors and expats. It was established in 2000. It is regulated by CSSF, the Luxembourg financial regulator. 

Internaxx is considered safe because it is regulated by the top-tier Luxembourg regulator, it has a banking license, and the investor protection amount is high.

Recommended for buy and hold investors with bigger amounts to invest.

Pros
  • Great research by Morningstar
  • Outstanding investment fund offering
  • Banking license and high investment protection
Cons
  • High fees
  • Slow and not fully digital account opening
  • Limited education materials

Internaxx pros and cons

Internaxx has a great research delivered by Morningstar, a professional research firm. There are a lot of investment funds, more than 600. It has a banking license, therefore faces a tougher regulation and you get a higher than average investment protection.

Internaxx has high fees, especially if you trade with lower volumes. You will face a sluggish account opening process, as it is not fully digital and you have to submit documents via the post. Education materials are limited to a couple of articles.

Compare to other brokers

Internaxx review
Fees 1 stars

Internaxx offers high trading fees and average non-trading fees. It has an easy to understand fee structure.
Pros
  • Transparent fee structure
Cons
  • High trading fees
  • Inactivity fee
  • High financing rate
Internaxx Fees snapshot
Assets Fee level Fee terms
US stock fee High €14.95 + 0.1% (1-9 trades/month); €14.95 flat fee (10+ trades/month, trade volume < €100,000); 0.03% (10+ trades/month, trade volume > €100,000)
EURUSD fee High €15 per trade
US tech fund fee Low Quarterly fee is €15 or 0.1%. If more than 2 transactions, €24,95 is charged.
Inactivity fee High €25 per quarter between 1 and 11 trades and €45 per quarter for 0 trade

To get things rolling, let's go over some broker fee lingo. You need to keep an eye on trading fees, financing rates, and non-trading fees.

We compare Internaxx fees with two Internaxx alternatives, DEGIRO and Saxo Bank.

Let's start with the trading fees.

Trading fees

Internaxx's trading fees are high, especially if you trade at a lower volume. On the other hand, the fees are really transparent.

Stock and ETF fees

Internaxx's stock and ETF fees for a typical trade are high compared to other stockbrokers.

Stock fees of a $2,000 trade
  Internaxx DEGIRO Saxo Bank
USA $19.0 $0.6 $9.9
UK $19.0 $5.4 $7.2
Germany $30.4 $5.7 $11.4

The stock and ETF fees are based on the number of monthly trades. The more you trade the better conditions you get. Below a certain monthly threshold you should count with a €14.95 minimum fee as well.

Internaxx stock fees
Market Commission 1-9 trades per month Commission 10+ trades per month <€100,000 Commission 10+ trades per month >€100,000
US, Canada, UK, Ireland €14.95 + 0.10% €14.95 0.03%
Euronext (France, Belgium, Netherlands, Xetra (Germany) €24.95 + 0.10% €24.95 0.05%
Other markest €49.95 + 0.10% €49.95 0.08%

Forex fees

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
  Internaxx DEGIRO Saxo Bank
EURUSD benchmark fee $57.9 - $58.4
EURGBP benchmark fee $62.3 - $27.2

Forex fees include the commission, the spread cost and the financing fee as well.

Internaxx is among the most expensive brokers at forex trading. This is mainly due to the high commissions it charges: 

Internaxx forex fees
Currency pair Threshold commission Commission (under commission threshold) Minimum trading volume
EURUSD €50,000 €15 €5,000
EURGBP €100,000 €15 €5,000
GBPUSD £50,000 €15 €5,000
USDJPY $50,000 $15 €5,000
XAUUSD XAU 50 €15 €5,000

Fund fees

Internaxx's fund fees are low, however you should count with a quarterly administration fee.

$2,000 fund buy fee
  Internaxx DEGIRO Saxo Bank
USA tech fund buy $17.1 $10.6 -
Europe stock fund buy $17.1 $10.6 -

If you do less than two transactions per quarter, you need to pay only the quarterly administration fee of 0.1%, minimum €15. However, if you do more than two transactions per quarter, every subsequent transaction will be charged by €24.95.

Keep in mind that there is a required minimum transaction volume of €2,000 per fund.

Options fees

Option fees are also high.

Stock index options fees of 10 contracts
  Internaxx DEGIRO Saxo Bank
USA $60.0 $6.5 $60.0
UK $72.5 - $72.5
Germany $68.4 $10.3 $68.4

Options fees depend on the currency of the underlying product.

Internaxx options fees
Contract currency Commission
EUR €6
USD $6
GBP £5

Futures fees

Trading futures at Internaxx is pricey. 

Stock index futures fees of 10 contracts
  Internaxx DEGIRO Saxo Bank
USA $70.0 $6.5 $60.0
UK $87.0 $30.2 $72.5
Germany $79.8 $10.3 $68.4

Futures trading fees depend on the monthly traded volume and the currency of the underlying product.

Internaxx futures fees
Contract currency Trade volume: contracts per month Minimum commission
0-100 101-1000 1001+
EUR €7 €5 Contact Internaxx to get its discount rates €10
USD $7 $5 Contact Internaxx to get its discount rates $10
GBP £6 £4 Contact Internaxx to get its discount rates £8

CFD fees

Similarly to the real stocks, Internaxx's stock CFD costs are also high. 

CFD fees, commission of a $2,000 trade
  Internaxx DEGIRO Saxo Bank
USA $20.0 $0.7 $10.0
UK $21.8 $5.7 $11.6
Germany $17.1 $5.7 $11.4

The cost of the equity CFDs depend on the market you want to trade on:

Internaxx CFD fees
Market Commission Minimum commission

Amex

Nasdaq

New York Stock Exchange

0.16% USD 20
Toronto Exchange 0.16% CAD 25

Euronext Amsterdam

Euronext Brussels

Euronext Lisbon

Euronext Paris

0.15% EUR 15
Frankfurt Stock Exchange Xetra 0.15% EUR 15
London Stock Exchange 0.15% GBP 15
Milan Stock Exchange 0.15% EUR 15
OMX Stockholm 0.15% SEK 100
OMX Copenhagen 0.15% DKK 100
OMX Helsinki 0.15% EUR 15
Oslo Stock Exchange 0.15% NOK 100
Barcelona Stock Exchange 0.15% EUR 15
Swiss Stock Exchange 0.15% CHF 25
Vienna Stock Exchange 0.15% EUR 15
Athens Stock Exchange 0.60% EUR 15
Sydney Stock Exchange 0.15% AUD 20
Tokyo Stock Exchange 0.20% JPY 2,000

Crypto fees

At Internaxx you can buy cryptos only through ETNs (exchange-traded notes). At the time of the review, you can trade with Bitcoin and Ether ETNs on the Stockholm Stock Exchange. Internaxx's trading cost here is 0.1% + €49.95, if you trade less than 10 in a month. If you want to understand what is a crypto ETN check out our crypto blogpost.

Financing rates

Internaxx's financing rates are high either.

When you trade on margin, you borrow money from your broker. This has a borrowing cost, called the financing rate you pay for the broker every day based on the volume of your position.

Let's compare the yearly financing rates of two typical stocks.

Yearly financing rates
  Internaxx DEGIRO Saxo Bank
Apple financing rate 7.2% 4.3% 7.1%
Vodafone financing rate 5.7% 2.5% 5.3%

The financing rates are calculated as a  base rate plus a markup.

Internaxx financing rates
Currency Loans<50,000 Loans>50,000 Loans>250,000 Loans<1,000,000
EUR, USD, GBP, CAD, CHF, SEK, SGD, HKD, AUD Base rate + 4.99% Base rate + 2.99% Base rate + 2.49% Base rate + 1.99%

Non-trading fees

The non-trading fees are also trasparent. However, Internaxx charges a fee if you don't trade for three months, and in some cases for money transfers.

  Internaxx DEGIRO Saxo Bank
Account fee No No No
Inactivity fee Yes No Yes
Withdrawal fee $0 $0 $0

At Internaxx inactivity fee is called account maintenance fee. If you trade less than 12 trades per 3 months, a quarterly fee of €25 is charged. If you don't trade for 3 months at all, you will be charged by a quarterly €45.

You can deposit or withdraw only by bank transfer. The deposit has no fee. Withdrawal is free if you transfer less than €50,000 to a member state of EU plus Iceland, Norway, Switzerland, and Monaco. All other withdrawal is charged by €10.

A 0.2-1% forex conversion fee is also charged for trades other than your account base currency.

Internaxx does not charge custody fees.

Internaxx review
Account opening 1 stars

You can open an account without a required minimum amount. However, the process is not fully digital, you need to submit the docs by post.
Pros
  • No minimum account balance
Cons
  • Slow account opening
  • Not fully digital
  • Not user-friendly

Can you open an account?

Internaxx focuses on international investors, and especially expats, it serves a lot of countries. 74 country residents are served including all European countries and most major non-European countries, e.g. Australia, Canada, Hong Kong, etc. No US customers though. To check if your country is available, use the broker selector tool.

Minimum deposit

At Internaxx there is no minimum funding requirement.

Account types

There are two types of account:

  • multi-currency account
  • derivatives account

When you have a multi-currency account, you can trade with stocks, ETFs and investment funds.

Derivatives accounts give you access to forex, CFDs, futures and options products. The derivatives account is available via the Saxo Bank platform.

How to open your account

The account opening time can take several days as you will have to send you documents via post. Therefore, the account opening process is not fully digital.

For the account opening you will need an ID and a bank statement for proof of address. 

Internaxx review - Account opening

Internaxx review
Deposit and withdrawal 3 stars

At Internaxx you can have your account in 9 different currencies. This is convenient. On the other side, you can deposit and withdraw only via a bank transfer.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card deposit and withdrawal not available

Account base currencies

At Internaxx you can have your account in 9 different currencies: EUR, GBP USD, CHF, HKD, AUD, SGD, CAD, SEK.

If you deposit your account in a different currency, a conversion will happen. This will have a 0.2-1% currency conversion fee, depending on your deposited amount.

A convenient way to save on the currency conversion fees can be to open a multi-currency bank account. Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. The account opening only takes a few minutes on your phone.

Compare digital banks

Deposit fees and options

Internaxx's deposit fees are free of charge.

You can make your deposit only through a bank transfer.

  Internaxx DEGIRO Saxo Bank
Bank transfer Yes Yes Yes
Credit/Debit card No No Yes
Electronic wallets No No No

Depending on the currency and the destination country, the transfer takes 1-2 days. If you transfer on a weekday before 11 am CET, your transaction will be executed on the same day. 

You can only deposit money from sources which are on your name.

Internaxx review - Deposit and withdrawal - Deposit

Withdrawal fees and options

Internaxx's withdrawal fees are free if you withdraw below €50,000 to a member state of EU plus Iceland, Norway, Switzerland, and Monaco. All other withdrawal is charged by €10.

You can withdraw only via a bank transfer.

  Internaxx DEGIRO Saxo Bank
Bank Transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0
Withdrawal Time >3 days 1 day >3 days

You can only withdraw money to accounts on your name.

More funding and withdrawal info

Internaxx review
Web trading platform 3 stars

Internaxx has a well-designed and user-friendly web trading platform. However, it lacks the customizability, the two-step login and order types are limited.
Pros
  • User-friendly
  • Innovative functions (i.e. Chatbot)
  • Looks nice
Cons
  • No two-step (safe) login
  • Limited order types
  • No order confirmation
Internaxx Platforms to Choose From
Trading platform Score Available
Web 3 / 5 stars Yes
Mobile 3 / 5 stars Yes
Desktop - No

You can use two trading platforms with Internaxx.

If you open a standard, multi-currency account, you will use Internaxx's own platform. With a "derivatives" account you will trade at Saxo Bank's trading platform.

In our Internaxx review, we tested Internaxx's own trading platform. If you want to check Saxo Bank's trading platform, visit our Saxo Bank review.

You can use Internaxx's web trading platform in English, German and French.

Look and feel

Testing Internaxx's web trading platform was a great experience. It is a well-designed and easily manageable trading platform. You can't customize the platform, but the default workplace is very understandable and logical.

Internaxx review - Web trading platform

Login and security

You can use only a one-step login. The safer, two-step authentication is missing.

Search function

The search function works fairly well if you know the market of your searched product.

For example, you should know that the Apple share is traded on the US market since first, you have to select the market.

You might have some uncertainty if you do not know the exact ticker of the product you want to trade. When you search for Apple, all the shares will pop up that includes the Apple word. So, you should know the exact name or the exact ticker of the equity.

Placing orders

At the Internaxx trading platform you can use the following order types:

  • Market
  • Limit
  • Stop loss
  • Fill or kill for the UK market

We missed from this list the stop limit and trailing stop orders.

If you are not familiar with the order types, read this overview.

The available order terms are defined in days. You can set up a one day, 25 days or a customized term order up to 90 days.

Internaxx review - Web trading platform - Order panel

Alerts and notifications

You cannot set up price alerts and you do not get any notification after your order was executed.

Portfolio and fee reports

The portfolio and fee report are transparent and easy to understand. You will find out easily the costs associated with your account.

Special features

We really liked the settlement calendar. This is a unique and helpful feature as you can get a clear overview on the settlement dates of your trades.

Visit web platform page

Internaxx review
Mobile trading platform 3 stars

Internaxx has a basic, but user-friendly mobile trading platform.
Pros
  • User-friendly
  • Good search function
  • Available in several languages
Cons
  • No two-step (safe) login
  • Limited order types
  • No order confirmation

The mobile app is available for iOS and Android. We tested both.

You can use Internaxx's mobile trading platform in English, German and French.

Look and feel

The mobile platform is well-designed and has a good and logical structure. It cannot be customized.

Internaxx review - Mobile trading platform

Login and security

You can use only a one step login. The safer, two-step authentication is missing.

Search function

The search function works similarly to the web trading platform.

Placing orders

Same as the web platform.

Internaxx review - Mobile trading platform - Order panel

Alerts and notifications

You cannot set up price alerts and you do not get any notification after your order was executed.

Visit mobile platform page

Internaxx review
Desktop trading platform

Visit broker

Internaxx review
Markets and products 2 stars

At Internaxx you can trade with almost all asset classes except for bonds. You will have access to a great investment fund list while other asset classes are mid-range.
  Internaxx DEGIRO Saxo Bank
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex Yes No Yes
Fund Yes Yes No
Bond No Yes Yes
Options Yes Yes Yes
Futures Yes Yes Yes
CFD Yes Yes Yes
Crypto Yes Yes Yes

At Internaxx you can trade all the asset classes except for the bonds.

The fund selection is outstanding, but for all other products you cannot access a lot of markets.

For forex, options, futures and CFD trading you will have to open a second, derivatives account. At this account, you will use Saxo Bank's trading platform. You can read about Saxo Bank's platform in our Saxo Bank review.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor, accounts lose money when trading CFDs.

Stock and ETF

Stocks and ETFs
  Internaxx DEGIRO Saxo Bank
Stock markets (#) 17 32 36
ETFs (#) 5,000 5,400 3,100

You can trade equities in 17 markets worldwide. This is mid-range to competitors like DEGIRO with 32 stock markets and Saxo Bank with 36 stock markets. You can trade with more than 9,000 ETFs. This offer is quite good, compared with DEGIRO's ~6,000 and Saxo's ~3,000 ETFs.

Internaxx stock markets
Europe North America Asia / Pacific
Dublin Stock Exchange Amex Sydney Stock Exchange
Eurnext Amsterdam Nasdaq Hong Kong Stock Exchange
Eurnext Brussels New York Stock Exchange Singapore Stock Exchange
Eurnext Paris Toronto Stock Exchange  
Frankfurt Stock Exchange Xetra    
London Stock Exchange    
Madrid Stock Exchange    
Milan Stock Exchange    
OMX Stockholm    
Swiss Stock Exchange    

Forex

Currency pairs
  Internaxx DEGIRO Saxo Bank
Currency pairs (#) 150 - 182

At Internaxx you can reach over +150 currency pairs. 150+ currency pairs are quite good, compared to Interactive Saxo’s ~180 currency pairs or to DEGIRO which doesn't provide forex trading.

Fund

Fund providers
  Internaxx DEGIRO Saxo Bank
Fund providers (#) 22 68 -

Internaxx gives you access to ~600 funds. This is one of the best offers compared to competitors, like DEGIRO's ~580 funds or Saxo which doesn't provide access to investment funds.

Options

Options markets
  Internaxx DEGIRO Saxo Bank
Options markets (#) 5 13 5

If you are interested in options trading Internaxx can offer you all important product type options:

  • Equity options
  • Stock indexes options
  • Forex options
  • Commodity options

Futures

Futures markets
  Internaxx DEGIRO Saxo Bank
Futures markets (#) 5 12 23

You can trade with futures of the following underlying: commodities, stocks, indexes, bonds, and currencies. 

CFD

CFDs
  Internaxx DEGIRO Saxo Bank
Stock CFD markets (#) 22 17 29
Stock CFDs (#) 1,000 900 8,900

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor, accounts lose money when trading CFDs.

Internaxx gives you access to 22 markets globally. 

Internaxx CFD markets
Europe North America Asia / Pacific

Eurnext Amsterdam

Amex Sydney Stock Exchange
Eurnext Brussels Nasdaq Tokyo Stock Exchange

Eurnext Lisbon

New York Stock Exchange  
Eurnext Paris Toronto Stock Exchange  
Frankfurt Stock Exchange Xetra    
London Stock Exchange    
Milan Stock Exchange    
OMX Stockholm    
OMX Copenhagen    
OMX Helsinki    
Oslo Stock Exchange    
Barcelona Stock Exchange    
Swiss Stock Exchange    
Vienna Stock Exchange    
Athens Stock Exchange    

Cryptos

You can invest into Bitcoins and Ether through ETN instruments traded on the Swedish stock exchange. If you want to know more about crypto investing, we recommend our crypto blogpost.

Internaxx review
Research 4 stars

Internaxx research is good quality. It is by Morningstar and Trading Central. Morningstar is a very reputable research company with great materials. The charting tool should be improved.
Pros
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
  • User-friendly
Cons
  • Limited interactive charting

Recommendations

Internaxx offers you recommendations and trading ideas based on both fundamenetal and technical analysis. 

Recommendations are available for stocks, stock indices, forex and commodities. This is really great and can help you very much.

Fundamental recomendation is by Morningstar, while the technology is by Trading Central.

Internaxx review - Research - Recommendations

Fundamental data

You will find a great depth of financial data for equities, reports, and historical company data. Morningstar reports cover individual stocks, sectors and also a quarterly market outlook. The company data is available for the last 4 years.

Internaxx review - Research - Fundamental data

Charting

The charting tool has a great design, but the functionality is average. It is good you can add more assets to one chart, but you can open only one chart at a time. We really missed the save function. Without this you have to set your charts each time you login.

Internaxx review - Research - Charting

News feed

The Dow Jones sourced news flow is good, however, its search function is a bit sluggish and did not work always when we tested. Unfortunately, you cannot sign up for any newsletters.

Internaxx review - Research - News feed

The economic calendar is missing as well.

Other research tools you will enjoy

Advanced screening tools are also in place for stocks, ETFs and funds. These are great if you want to filter based on multiple criteria.

Internaxx review - Research - Market heatmap

More research info

Internaxx review
Customer service 4 stars

You can contact Internaxx by telephone or e-mail. Live chat is not available. The support team is very kind and provides relevant answers.
Pros
  • Fast response time
  • Relevant answers
  • Available in local languages
Cons
  • No live chat

Phone and email support are available, but live chat is missing.

You can contact the customer support in English, German and French.

The speed and the relevancy of the answers were great, however, we missed the 24/7 availability.

Contact customer service

Internaxx review
Education 1 stars

You will find some educational articles, but tutorial videos, webinars and a demo account are all missing.
Pros
None
Cons
  • No demo account
  • No trading platform tutorial videos
  • No educational videos

Only some basic education articles are available which are not suitable for beginner clients. 

You cannot have a demo account with Internaxx.

Internaxx review - Education

Visit education page

Internaxx review
Safety

Internaxx is regulated by the top-tier CSSF, the Luxembourgish financial regulator. It has a banking license and provides a €100,000 account protection. It's not listed on any stock exchange.
Pros
  • Regulated by top tier financial authority
  • High level of investor protection
  • Banking background
Cons
  • Not listed on stock exchange

Internaxx is a Luxembourg broker established in 2000 serving clients from all over the globe. Is Internaxx safe? To be certain, it is best to check two things: how you are protected if something goes south and what the background of the broker is.

How you are protected

Internaxx legal entities

Client country

Investor protection amount Regulator Legal entity
All countries €100,000 Commission de Surveillance du Secteur
Financier (CSSF)
Internaxx Bank S.A.

A negative balance protection is also provided for CFDs.

Background

Internaxx is a Luxembourg private company established in 2000. It has 18 years track record. The longer the track record, the better. Longer track record means the company was able to manage financially tough time periods, like the financial crisis in 2008.

Furthermore, Internaxx has a banking license, as such, it is facing tougher regulation than brokers. The company is owned by one of the biggest UK brokerage companies, Interactive Investors.

On the other hand, Internaxx is not listed on any stock exchange which could mean more scrutiny and transparency. Internaxx discloses its financials transparently, and it is easy to access.

Most of the products you can trade with at Internaxx are exchange-traded, like stocks and ETFs. This is good news. If Internaxx defaults your assets still will be safe. The only two exceptions are CFDs and forex. You will face a counterparty risk while trading these products. The counterparty of these products is Saxo Bank. If Saxo defaults and cannot pay you, you still will be covered by the investor protection up to €100,000.

Having a banking background and being regulated by CSSF are all great signs for Internaxx's safety.

Filter the brokers by investor protection

Internaxx review
Bottom line

Internaxx is a safe broker from Luxembourg. It concentrates on funds and stocks, but you can trade with almost all derivative asset classes on a separate platform operated by Saxo Bank. You will also like their research tools provided by Morningstar, a professional research company. Internaxx's banking license ensures a tougher regulation and a higher than average investor protection amounts.

On the other hand, Internaxx’s trading fees are expensive and have a high inactivity fee. Account opening is not fully digital and therefore sluggish. You should expect only a couple of written educational materials and you can deposit your account only via a bank transfer.

Choose Internaxx if you are an investor with higher amounts to invest and you want a broker from a top-tier financial jurisdiction.

Internaxx main features and highlights

🗺️ Country of regulation Luxembourg
💰 Trading fees class High
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account >3 days
💳 Deposit with credit card Not available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 9
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Forex, Fund, Options, Futures, CFD, Crypto

Visit broker

Internaxx logo

Internaxx is a Luxembourg-based online broker specialized in international investors and expats. It was established in 2000. It is regulated by CSSF, the Luxembourg financial regulator. 

Internaxx is considered safe because it is regulated by the top-tier Luxembourg regulator, it has a banking license, and the investor protection amount is high.

Recommended for buy and hold investors with bigger amounts to invest.

Compare to other brokers

Overall 4 stars

Pros
  • Great research by Morningstar
  • Outstanding investment fund offering
  • Banking license and high investment protection
Cons
  • High fees
  • Slow and not fully digital account opening
  • Limited education materials

Fees 1 stars

Pros
  • Transparent fee structure
Cons
  • High trading fees
  • Inactivity fee
  • High financing rate

Account opening 1 stars

Pros
  • No minimum account balance
Cons
  • Slow account opening
  • Not fully digital
  • Not user-friendly

Deposit and withdrawal 3 stars

Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card deposit and withdrawal not available

Web trading platform 3 stars

Pros
  • User-friendly
  • Innovative functions (i.e. Chatbot)
  • Looks nice
Cons
  • No two-step (safe) login
  • Limited order types
  • No order confirmation

Mobile trading platform 3 stars

Pros
  • User-friendly
  • Good search function
  • Available in several languages
Cons
  • No two-step (safe) login
  • Limited order types
  • No order confirmation

Markets and products 2 stars

The available asset classes to trade:

  • Stock
  • ETF
  • Forex
  • Fund
  • Options
  • Futures
  • CFD
  • Crypto

Research 4 stars

Pros
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
  • User-friendly
Cons
  • Limited interactive charting

Customer service 4 stars

Pros
  • Fast response time
  • Relevant answers
  • Available in local languages
Cons
  • No live chat

Education 1 stars

Pros
None
Cons
  • No demo account
  • No trading platform tutorial videos
  • No educational videos

Safety

Pros
  • Regulated by top tier financial authority
  • High level of investor protection
  • Banking background
Cons
  • Not listed on stock exchange

AUTHOR OF THIS REVIEW

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager

METHODOLOGY

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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