Ninety Nine Alternatives

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

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Fees

4.5

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.

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 [original broker name]'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.

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.

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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.

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

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Markets and products

3.8

At DEGIRO, you can access many markets and trade a lot of different products. CFDs and forex are not available, though.

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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.

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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.

eToro USA LCC does not offer CFDs, only real Crypto assets available.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.2% 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

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Fees

4.2

eToro offers free stock, ETF and options trading, while forex and CFD fees are low. On the negative side, non-trading fees are high, including a $5 withdrawal 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 [original broker name]'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.

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

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Deposit and withdrawal

3.8

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.

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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.

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

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Markets and products

4.7

At eToro, you can trade CFDs and forex, as well as real stocks, ETFs, many cryptos and options. Innovative services like social trading and Smart Portfolios are also available.

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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. 79% 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.

Cryptoasset investing is highly volatile and unregulated in some EU countries. 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.

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Trading 212 is onboarding clients without a waiting list from the EEA region only. Customers from other eligible countries can join Trading 212's waiting list, but it may take a while until onboarding restrictions are lifted and the waiting list is scrapped.

Trading 212 is a global CFD broker, but clients can also trade stocks and ETFs free of charge. The company was founded in 2004 and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA), the Cypriot Cyprus Securities and Exchange Commission (CySEC), and the Bulgarian Financial Supervision Commission (FSC).

Check out our Trading 212 review tailored to the needs of beginner investors and traders.

Trading 212 is considered safe as it is regulated by the top-tier FCA.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 equity investors and cfd traders looking for easy-to-use trading platforms

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68% of retail CFD accounts lose money

Fees

4.0

Trading 212 offers commission-free stock and ETF trading, and there are also no fees for deposit, withdrawal or inactivity. However, fees for forex trading are high.

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 [original broker name]'s website.

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68% of retail CFD accounts lose money

Account opening

4.5

The account opening process is straightforward, user-friendly and quick. Our account was verified within one business day.

If you are interested more in Trading 212 minimum deposit, this overview will help you.

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68% of retail CFD accounts lose money

Deposit and withdrawal

4.3

Trading 212 offers many free deposit and withdrawal options. On the downside, there are only a few account base currencies available in each country, and you can't choose USD.

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68% of retail CFD accounts lose money

Web trading platform

4.4

Trading 212 has a user-friendly web trading platform with great features, like a safe two-step login or easy search. On the negative side, the platform is not customizable.

Learn more about Trading 212's web trading platform in the detailed Trading 212 review.

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68% of retail CFD accounts lose money

Markets and products

4.1

Trading 212 focuses on CFDs (forex, stock, index, etc.) and real stocks/ETFs. As a result, popular asset classes like bonds, mutual funds, options or futures are missing.

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68% of retail CFD accounts lose money

Verdict

Trading 212 is primarily a CFD broker, regulated by multiple financial supervisory authorities.

On the plus side, Trading 212 offers commission-free stocks and ETFs, while most CFD fees and non-trading fees are low as well. The account opening process is seamless and the trading platforms are user-friendly.

However, Trading 212 has a limited product portfolio, lacking popular asset classes such as bonds or options. We found forex fees relatively high and missed USD as an account currency.

So is Trading 212 good? Trading 212 is a good choice for those interested in investing in equities or trading leveraged CFD products, using a great trading platform. As it offers a demo account, don't hesitate to give it a try.

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68% of retail CFD accounts lose money

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

Fees

3.1

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.

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.

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.

Web trading platform

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

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

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 high. Research 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.

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.

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