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KBC Equitas Review 2024

Written by
Krisztián G.
Fact checked by
Adam N.
Updated
6d ago
Regulated and trusted. Tested via live trading.
771 people chose this broker
Not available in United States; see best alternatives

Why choose KBC Equitas

KBC Equitas is a Hungarian stockbroker whose parent company is Belgium's KBC Group. It is unique on the Hungarian market as it offers access to many stock exchanges and has a very strong parent company (KBC Bank). We also liked the education and research services it provides. It is a good choice for beginner investors.

On the negative side, the account opening is slow and not very user-friendly. There is a withdrawal fee, and you can only use bank transfer to deposit funds.

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

  • Many stock exchanges to trade on
  • Banking background
  • Good education & research
Overall score
3.9/5
Minimum deposit
$0
Stock fee
Average
Fund fee
Low
Inactivity fee
no
Account opening
>3 days

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See how the best brokers in the United States compare to KBC Equitas

US stock fee
Estimated commission of a $2,000 trade, assuming a $50 stock price

Fees

Score: 3.1/5
KBC Equitas has average trading and non-trading fees, including low fund fees and no inactivity fee. However, there is a withdrawal fee and a custody fee is also charged.
  • Low fund fees
  • No inactivity fee

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

Average stock and ETF commission

KBC Equitas US stock fees are much higher than the industry average. US stock fees are calculated as follows: 0.35% per transaction, min. $7.99

Broker
US stock
KBC Equitas
$8.0
Interactive Brokers
$1.0
Saxo
$1.6
KBC Equitas stock and ETF commission

There are three fee plans to choose from. In this review, we'll show you the fees for the 'Foreign markets' ('Külföld') package, because it has the lowest fees for trading on international stock exchanges. However, if you mostly trade Hungarian equities, the "Profi" plan is a better fit.

Low mutual fund commission

KBC Equitas Mutual fund fees are less than half of the industry average. Mutual fund fees are calculated as follows: K&H funds can be bought for $1-$2

Broker
Mutual fund
KBC Equitas
$2.0
Interactive Brokers
$15.0
Saxo
$0.0
KBC Equitas mutual fund commission

When it comes to K&H mutual funds, the transaction costs are in the $2 / HUF 500 range per deal. However, for other funds, there is a 1-1.5% fee when you make a purchase.

Average custody fee, low withdrawal fee

No inactivity fee is charged by KBC Equitas.

On the other hand, there is an account fee of HUF 399 per month.

Unlike at many other brokers, you also need to pay a custody fee every month. The custody fee works out to 0.15% of the value of your total assets per year; however, there is a monthly cap of HUF 4,900.

The withdrawal fee is 0.25% with a minimum of HUF 500 and maximum of HUF 20,000. However, it's free if you transfer to your K&H bank account.

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

Safety

KBC Equitas is a legit brokerage. It is part of Belgium's KBC Group, which has a banking license and is listed on a stock exchange. Investor protection is also provided.
  • Banking background
  • Listed on stock exchange
  • Belgian investor protection
Read more

Deposit and withdrawal

Score: 3/5
Deposit and withdrawal is user-friendly at KBC Equitas, with several account currencies available. However, credit/debit cards are not accepted for funding and the withdrawal fee is high.
  • No deposit fee
  • Several account base currencies
  • User-friendly
Read more

Account opening

Score: 1.3/5
KBC Equitas requires no minimum deposit to open an account. However, the process is quite slow, not user-friendly and not fully digital.
  • No minimum deposit
  • TBSZ, NYESZ accounts in Hungary
Read more

Mobile app

Score: 4.1/5
KBC Equitas's MobilBroker is user-friendly, with a good search function and price alerts. However, there is no two-step login and it's available only in Hungarian. We also encountered some bugs.
  • User-friendly
  • Good search function
  • Price alerts
Read more

Web trading platform

Score: 4.4/5
KBC's WebBroker platform is user-friendly, with a safer, two-step login and price alerts. However, its customizability is limited and we encountered some bugs. It is available only in Hungarian.
  • User-friendly
  • Two-step (safer) login
  • Price alerts
Read more

Product selection

Score: 2.8/5
KBC Equitas provides access to many asset classes, including stocks, ETFs, as well as Hungarian bonds and futures. However, some popular products such as forex or options are not available.
Read more
“I recommend KBC Equitas for long-term investors from Hungary who want access to a variety of markets.”

FAQ

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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 image
Krisztián Gátonyi
Author of this review
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
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