Ninety Nine Logo
Written by: Gyula L. Updated: Dec 2022
Expert verified
Recommended for
  • beginners
Trusted broker
Regulated by top tier financial authorities
Popularity
7 people chose this broker in the last 6 months
BrokerChooser Score
3.9/5

Ninety Nine review summary

Ninety Nine is a comission-free online stockbroker regulated by the Spanish National Securities Market Commission, CNMV. Ninety Nine provides free stock trading on US markets - and does so via a simple and user-friendly trading platform. Customer service is great, giving fast and useful replies in both Spanish and English. It is a good choice for beginner investors. On the negative side, Ninety Nine's product offer is limited to stocks and ADRs on the US market. The currency conversion fees are high. We also missed quality educational tools that could help clients get a better understanding of trading. Inconveniently, you can use only bank transfers to deposit or withdraw, as credit/debit cards are not accepted. BrokerChooser gave Ninety Nine a 3.9/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Ninety Nine is a regulated broker, it is overseen by a top-tier financial regulator in Spain . Ninety Nine is also covered by investor protection in selected jurisdictions. We at BrokerChooser always test brokers with real money, including the withdrawal process.

You can't open an account at Ninety Nine if you live in United States. See the best alternative available in your country.

Ninety Nine pros and cons

Pros Cons
Free stock trading Basic product portfolio
Easy-to-use trading platforms High currency conversion fees
Great customer service Limited educational tools
Only bank transfers accepted

Ninety Nine main highlights

🗺️ Country of regulation Spain
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1 day
💳 Deposit with bank card Not available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 1
🎮 Demo account provided No
🛍️ Products offered Stock

Ninety Nine review
Fees

3.0
Ninety Nine offers free US stock trading and charges no inactivity fee, but you'll face a 0.5% currency conversion charge as you trade USD assets but can hold cash only in EUR.
Read more...

Ninety Nine review
Account opening

5.0
Ninety Nine has an easy and fully digital account opening process, with no minimum deposit. However, only Spanish tax residents with a Spanish mobile number can open an account.
Read more...

Ninety Nine review
Deposit and withdrawal

2.3
Withdrawal at Ninety Nine is free, as are most deposits. However, you can use only bank transfer as credit/debit cards are not accepted; plus, you can hold your cash only in EUR.
Read more...

Ninety Nine review
Web trading platform

Ninety Nine provides only a mobile trading platform; no web or desktop trading platforms are available.
Read more...

Ninety Nine review
Mobile trading platform

4.0
Ninety Nine's mobile app is easy to use and has a clean design. However, it is only in Spanish and lacks key features like price alerts or various order types. At the time of our review, the app was available only for Spanish tax residents.
Read more...

Ninety Nine review
Desktop trading platform

Ninety Nine provides only a mobile trading platform; no web or desktop trading platforms are available.
Read more...

Ninety Nine review
Markets and products

1.7
Ninety Nine offers only US stocks and US-listed ADRs. You can't trade foreign equities and other popular asset classes like ETFs, mutual funds, bonds, cryptos or options.
Read more...

Ninety Nine review
Research

2.3
Ninety Nine offers live market data, along with some basic company fundamentals and ratios. On the negative side, charting is limited and analytic tools are either basic or missing.
Read more...

Ninety Nine review
Customer service

5.0
Ninety Nine's customer service is great; if you have any questions, you'll be in good hands. You can use email or chat, but there's no phone support and we missed 24/7 availability.
Read more...

Ninety Nine review
Education

0.5
Ninety Nine offers a limited set of educational texts. Beyond that, there are no educational or tutorial videos, and you can't open a demo account.
Read more...

Ninety Nine review
Safety

Ninety Nine is overseen by top-tier Spanish regulators and provides a high level of investor protection. However, it isn't listed on a stock exchange and doesn't hold a banking license.
Read more...

Ninety Nine review
Bottom line

Read more...

Ninety Nine review
FAQ

Read more...

Author of this review

Gyula Lencsés, CFA

Author of this review

Gyula Lencsés, CFA has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has a trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Gyula Lencsés, CFA

Head of content

Gyula Lencsés, CFA has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has a trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

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

Share

Comments

×