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Our top alternative brokers to Ninety Nine
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Ninety Nine Alternatives

The best alternatives to Ninety Nine are

  1. DEGIRO - German-Dutch discount broker
  2. eToro - Global social trading broker

Let's see in a bit more detail how the Ninety Nine alternatives compare to Ninety Nine and each other:

Ninety Nine alternatives comparison
Ninety Nine DEGIRO eToro
Overall score 3.8 4.9 4.8
Fees score 3.4 stars 4.6 stars 4.4 stars
Account opening score 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 2.3 stars 3.0 stars 3.9 stars
Web platform score - 4.0 stars 4.4 stars
Markets and products score 1.6 stars 3.6 stars 4.3 stars
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Why are these brokers considered good alternatives to Ninety Nine? There are many areas based on which Ninety Nine can be compared with others. When we say a given online broker is a good alternative to Ninety Nine we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Ninety Nine alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Ninety Nine is recommended for beginners and investors looking for free us stock trading and a simple, easy-to-use mobile trading platform
  • DEGIRO is recommended for traders and investors looking for execution only
  • eToro is recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading

Important factors of finding Ninety Nine alternatives

So far BrokerChooser has reviewed 102 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Ninety Nine or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts Ninety Nine charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than Ninety Nine.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Ninety Nine this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Ninety Nine, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Ninety Nine alternative is a must.


Now let's dive into the details of how Ninety Nine and its alternatives perform in the most important areas!

Ninety Nine alternatives
DEGIRO

DEGIRO is a German-Dutch online discount broker. It was established in 2008 by former employees of another brokerage company in the Netherlands. DEGIRO merged with flatexDEGIRO Bank AG in early 2021, creating the biggest online execution-only broker in Europe with its own banking license.

Check out our DEGIRO review tailored to the needs of beginner investors and traders.

DEGIRO is regulated by top-tier financial authorities such as the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, or BaFin) in Germany.

Disclaimer: Investing involves risk of loss.

Disclaimer for UK clients: Deemed authorised and regulated by the Financial Conduct Authority (FCA). The nature and extent of consumer protections may differ from those applicable to firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the FCA's website.

Recommended for traders and investors looking for execution only

Pros Cons
One of the lowest fees on the market Forex not available
Regulated by top-tier authorities Limited research tools
Easy-to-use web and mobile platform No credit/debit card deposit

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Fees
4.6

DEGIRO has low trading fees for all asset classes. Non-trading fees are also low, as there are no inactivity or withdrawal fees. On the negative side, trading US options or futures will come with a €5 monthly fee. If you need currency conversion, a 0.25% fee will apply.
Pros Cons
Low fund fees €5 monthly fee for trading US derivatives (options and futures)
No inactivity fee 0.25% FX conversion fee
Low stock and ETF fees
Ninety Nine vs. DEGIRO: Trading fees
DEGIRO Ninety Nine
Apple benchmark fee $2.7 $0.3
Vodafone benchmark fee $8.4 -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
The fees were collected on 3 Aug 2021, but the actual rates are subject to change. To see current rates, check Ninety Nine's website.

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Account opening
5.0

The account opening process at DEGIRO is fast, fully digital, and no minimum deposit is required.
Pros Cons
Fast None
Fully digital
No minimum deposit
Ninety Nine vs. DEGIRO: Minimum deposit, time to open an account
DEGIRO Ninety Nine
Minimum deposit $0 $0
Time to open account 1 day 1 day

If you are interested more in DEGIRO minimum deposit, this overview will help you.

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Deposit and withdrawal
3.0

DEGIRO deposits and withdrawals are free of charge via bank transfer. A big drawback though is that you can't deposit funds using a credit or debit card.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
Ninety Nine vs. DEGIRO: Withdrawal options
DEGIRO Ninety Nine
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.0

DEGIRO's web platform is very basic and easy to use, even for beginners. On the negative side, you can't set price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
Web trading platform of DEGIRO, a Ninety Nine alternative
Ninety Nine vs. DEGIRO: Trading platform scores
DEGIRO Ninety Nine
Web platform score 4.0 stars -
Mobile platform score 4.5 stars 4.0 stars
Desktop platform score - -

Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.

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Markets and products
3.6

At DEGIRO, you can access many markets and trade a lot of different products. CFDs and forex are not available, though.
Ninety Nine vs. DEGIRO: Markets and products
DEGIRO Ninety Nine
Stocks Yes Yes
ETFs Yes No
Forex No No
Funds Yes No
Bonds Yes No
Options Yes No
Futures Yes No
CFDs No No
Crypto No No

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Verdict

DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.

Transaction costs are generally very low. In addition, the account opening process is fast.

On the other hand, as DEGIRO is an execution-only broker, its research tools are limited. We should also mention that it offers no forex trading, and most clients can only deposit and withdraw by bank transfer.

All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.

DEGIRO
Summary DEGIRO is a discount broker that merged with flatexDEGIRO Bank AG and is supervised by the German financial regulator.
Fees score 4.6 stars
Recommended for Traders and investors looking for execution only

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Ninety Nine alternatives
eToro

eToro is a well-known Israeli fintech company and a social trading broker, established in 2007.

Check out our eToro review tailored to the needs of beginner investors and traders.

eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC)-regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is not listed on any stock exchange, does not disclose its annual report on its website and does not have a bank parent.

Being regulated by the top-tier FCA and ASIC is a good sign for eToro's safety.

HEADS UP: Minimum deposit based on residency and account activation – Be sure to check the minimum deposit that is required to activate your account. After uploading your documents, a deposit is also needed in order to make trades. The amount of the deposit required is based on your residency, and ranges from $10 to $10,000. More details are available in the review’s Account opening section.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading

Pros Cons
Free stock and ETF trading High non-trading fees
Seamless account opening Only one account base currency
Social trading Customer support should be improved

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Fees
4.4

eToro offers free stock and ETF trading, while forex and CFD fees are low. On the negative side, non-trading fees are high, including a $5 withdrawal fee.
Pros Cons
Low trading fees Inactivity fee
Free stock and ETF trading $5 withdrawal fee
Low forex and CFD fees
Ninety Nine vs. eToro: Trading fees
eToro Ninety Nine
Apple benchmark fee $4.8 $0.3
Vodafone benchmark fee - -
EURUSD benchmark fee $7.8 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
The fees were collected on 3 Aug 2021, but the actual rates are subject to change. To see current rates, check Ninety Nine's website.

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Account opening
5.0

Account opening at eToro is seamless and very fast, and the minimum deposit is relatively low for most countries.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Ninety Nine vs. eToro: Minimum deposit, time to open an account
eToro Ninety Nine
Minimum deposit $10 $0
Time to open account 1 day 1 day

If you are interested more in eToro minimum deposit, this overview will help you.

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Deposit and withdrawal
3.9

Depositing money is easy, with a lot of available options, although there is a $5 withdrawal fee. As only USD accounts are available, you may pay a high conversion fee if you deposit or withdraw in another currency, like EUR or GBP.
Pros Cons
Credit/Debit card available Only one account base currency
User-friendly $5 withdrawal fee
Conversion fee for non-USD deposits
Ninety Nine vs. eToro: Withdrawal options
eToro Ninety Nine
Bank transfer Yes Yes
Credit/debit card Yes No
Electronic wallets Yes No
Withdrawal fee $5 $0

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Web trading platform
4.4

eToro offers a user-friendly and well-designed web trading platform, where social trading is also available. On the other hand, the platform's customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of eToro, a Ninety Nine alternative
Ninety Nine vs. eToro: Trading platform scores
eToro Ninety Nine
Web platform score 4.4 stars -
Mobile platform score 4.7 stars 4.0 stars
Desktop platform score - -

Learn more about eToro's web trading platform in the detailed eToro review.

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Markets and products
4.3

At eToro, you can trade CFDs and forex, as well as real stocks, ETFs and many cryptos. Innovative services like social trading and Smart Portfolios are also available.
Ninety Nine vs. eToro: Markets and products
eToro Ninety Nine
Stocks Yes Yes
ETFs Yes No
Forex Yes No
Funds No No
Bonds No No
Options No No
Futures No No
CFDs Yes No
Crypto Yes No

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Verdict

How does eToro work? eToro offers zero-commission stock trading. The account opening is swift and seamless. It has a lot of innovative features, like social trading and copying other (successful) traders. Furthermore, eToro offers many cryptos to trade.

It has some drawbacks, though. There is a $5 withdrawal fee and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high if your funding currency is not USD. It's difficult to contact customer support and their educational materials could be better.

So is eToro good? Overall, we would recommend eToro for its social trading feature, crypto offering and zero-commission stock trading. If you are a long-term stock investor, a traditional stockbroker might make more sense to you as some of the drawbacks of eToro (like not applying reduced withholding tax on US dividends) might outweigh the benefits of free trading.

Risk disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorized and regulated by the Cyprus Securities and Exchange Commission.

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro
Summary eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.4 stars
Recommended for Traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading

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Ninety Nine alternatives
Ninety Nine

Ninety Nine is a Spanish stockbroker providing US stocks and ADRs. It is sometimes called "the Spanish Robinhood" as it is also a low-cost broker with a simple, easy-to-use mobile app, suitable for novice investors and relatively small accounts. Ninety Nine, similarily to Robinhood, has said it aims to democratize trading. Their motto is "we want to make the stock market accessible to 99% of the population."

Ninety Nine was founded in 2019. It is regulated by the National Securities Market Commission (CNMV), the body responsible for the supervision of Spanish securities markets.

We tested Ninety Nine without a live account. Currently, only Spanish tax residents with a Spanish mobile number can open an account at the broker. So you either have to be a Spanish tax resident with a Spanish identity card, the so-called DNI (Documento nacional de identidad) or a foreigner from an EU country legally resident in Spain with a Foreign Identification Number called NIE (Numero de identificacion de extranjero). If you don't have a Spanish mobile number, you can't even download the application.

Ninety Nine is regulated by a top-tier regulator and is a member of Spain's Investment Guarantee Fund (FOGAIN), which insures client accounts up to €100,000. These are good signs for its safety. 

Recommended for beginners and investors looking for free us stock trading and a simple, easy-to-use mobile trading platform

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

Fees
3.4

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.
Pros Cons
Commission-free stocks Withdrawal fee
No inactivity fee Currency conversion fee
Free withdrawal €5 settlement cost on certain stocks
Ninety Nine alternatives trading fees
Ninety Nine DEGIRO eToro
US stock $0.0 $1.2 $0.0
UK stock - $3.9 $0.0

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

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.
Pros Cons
Fully digital Only Spanish tax residents with a Spanish mobile number can open an account
No minimum deposit
Ninety Nine alternatives minimum deposit and account open times
Ninety Nine DEGIRO eToro
Minimum deposit $0 $0 $10
Time to open account 1 day 1 day 1 day

Learn more about Ninety Nine minimum deposit here.

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.
Pros Cons
Free withdrawal Credit/Debit card not available
Non-instant deposits are fee Only one account base currency
Ninety Nine and alternatives withdrawal options and fees
Ninety Nine DEGIRO eToro
Bank transfer Yes Yes Yes
Credit/debit card No No Yes
Electronic wallets No No Yes
Withdrawal fee $0 $0 $5

Web trading platform

Ninety Nine provides only a mobile trading platform; no web or desktop trading platforms are available.
Ninety Nine and alternatives trading platform scores
Ninety Nine DEGIRO eToro
Web platform score - 4.0 stars 4.4 stars
Mobile platform score 4.0 stars 4.5 stars 4.7 stars
Desktop platform score - - -

Learn more about Ninety Nine's web trading platform in the detailed Ninety Nine review.

Markets and products
1.6

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.
Ninety Nine and alternatives markets and products
Ninety Nine DEGIRO eToro
Stocks Yes Yes Yes
ETFs No Yes Yes
Forex No No Yes
Funds No Yes No
Bonds No Yes No
Options No Yes No
Futures No Yes No
CFDs No No Yes
Crypto No No Yes

Verdict

Ninety Nine is a Spanish stockbroker regulated by the top-tier CNMV.

On the plus side, Ninety Nine has a highly competitive fee structure. There is no commission, deposit fee, withdrawal fee or inactivity fee, though you will face a 0.5% currency conversion charge. The mobile app, while having only limited features, is exceptionally user-friendly, as is Ninety Nine's quick and helpful customer support team.

There are also some drawbacks, though. The range of products is rather limited as customers have access solely to US stocks. In addition, there is only one base currency, the euro, so the currency conversion fees you have to pay can be quite highResearch tools are basic and there aren't too many educational materials, though the ones available are sometimes high quality. Lastly, you can use only bank transfers to deposit or withdraw.

Ninety Nine is ideal for Spain-based investors looking for an easy-to-use platform to trade US stocks.

Ninety Nine
Summary Ninety Nine is a comission-free online stockbroker regulated by the Spanish National Securities Market Commission, CNMV.
Fees score 3.4 stars
Recommended for Beginners and investors looking for free US stock trading and a simple, easy-to-use mobile trading platform

Ninety Nine alternatives
Bottom line

Based on our analysis, there are several good alternatives to Ninety Nine. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Ninety Nine alternatives
Broker Info Recommended for
Ninety Nine Spanish stockbroker Beginners and investors looking for free US stock trading and a simple, easy-to-use mobile trading platform
DEGIRO German-Dutch discount broker Traders and investors looking for execution only
eToro Global social trading broker Traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

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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