Searching for the best trading platform is complicated work in Europe. Nowadays, the trading market is filled with so many brokers that it becomes difficult to know which one is trustworthy and who is a fraud. Moreover, the broker should also meet your requirements, too; otherwise, the best brokers are also of no use to you.
Every investor is of a different kind. Some need low-cost brokers, while others want a trading website with all the tools. Thus, here is the comprehensive list of the six best share trading platforms. The article is well researched, and every primary trait of each trading site is mentioned for your help.
Let’s get started!
6 Best Trading Platforms For Investors
Degiro is a Dutch, Amsterdam-based trading website which is famous for its low fees in stocks and ETFs. The broker is best for all the European investors looking for a cheap alternative. It currently handles more than 460,000 users and is one of the most famous.
The broker made a spot on our list not only because it has low fees but also because it doesn’t have any inactivity, deposit, withdrawal, custodial service, or any other hidden commission.
The UI and design of the broker keep updating time to time to enrich the user trading experience and easy navigation. However, the client has a limited range of trading assets and is suitable for investors looking for the long term, holding investments.
Some disadvantages of the broker are no demo account available, no payment method via bank cards, and almost no educational material.
2. Trading 212
Trading212 broker provides its users with great tools and has a 4.6-star mobile trading app, suitable for both beginners and professional investors. Some notable features of the this best trading platform are no commission, tight spreads, wide range of educational and research material including videos and text tutorials, and zero account service charge.
Some interesting features of the broker are more than 14 million app downloads and mentions from Forbes, Telegraph, and The Financial Times. The broker is utterly secure and safe to trade, regulates under the UK’s Financial Conduct Authority, which is a Tier 1 governing authority, and Bulgaria’s FCS.
The broker obeys to European regulations and keeps the client’s funds safe by keeping them in segregated accounts of top financial banks and insures the user amount under the Financial Service Compensation Scheme.
In total, the Trading212 broker is a right package for entry and professional level investors with a smooth and straightforward interface.
PS: Note that Trading212 does not offer ‘scalping’ to its users.
3. Saxo Bank
Saxo Bank is the one-stop destination to cater to all the requirements of a trader. The broker offers their own award-winning best trading platform, SaxoTraderGo, and SaxoTraderPRO, and provides a wide range of 40,000+ international trading assets. The broker started its operations in 1992 and offers more than 19,000 stocks, 3,000 ETFs, 6000 bonds, 260 mutual funds, 182 active exotic forex pairs, and more than 9,000 CFDs for trading to its users without any commission. It also offers cryptos including Bitcoin and Ethereum and provides the option of going long as well as short.
However, the broker is not cost-friendly, and for most European regions, the minimum deposit amount is $10,000 to start trading.
4. ET Finance
ET Finance is an award-winning trading website and is also the official partner of Real Madrid Basketball Club. The broker’s name, “ET Finance” is only the trading name of its parent company Magnum FX and regulates under the financial body CySEC (Cyprus Securities and Exchange Commission) with the license number 359/18.
Some additional notable features of the broker are high leverage available for users, a wide range of tradable instruments, top quality MT 4 best trading platform for easy and smooth interface & navigation, and impressive education material to build the customers’ knowledge stack.
5. Interactive Brokers
Interactive Brokers is a popular trading website suitable for middle to advanced level traders. The broker offers unmatchable services including one of the broadest range of financial assets & markets, top quality tools and instruments for users to make better decisions, and dedicated beginner-friendly “Client Portal”. It started its working in 1978 and is now the largest US-based brokerage firm, with a massive trading volume of around 760,000+ orders daily.
Safety and security should not be questioned as the company is licensed under the top eight financial governing bodies of the world, including the UK’s FCA and United States Securities and Exchange Commission. The interface of the broker is best for technical investors and might look scary or messy to the beginners, which includes adjustable charts, Traders workstation, and algorithm testing.
However, the Client Portal trading platform is utterly for beginners, and one can use it for starting their trading journey.
XTB is one of the best trading platforms known for its high regulations from the top financial authorities of the Europe which includes UK’s Financial Conduct Authority, CySEC (Cyprus Securities & Exchange Commission), and Polish Financial Supervision Authority.
The company works in a transparent and clear environment for its users and has one of the lowest spreads and charges. However, the fees vary as per the account type. The lowest spread starts from as little as 0.1 pips and charges for CFDs & ETFs from 0.8% per lot.
Notably, the free education portal on the XTB broker’s website proves to be very helpful for clients. The material includes videos, E-books, courses, webinars, seminar, and many more, segregated as per the level of difficulty.
The broker is a well-known firm and is one of the biggest stock-exchange listed brokerage companies in the world. The wide range of assets includes CFDs on 1700+ stocks, 110+ ETFs, indices, commodities, famous cryptocurrencies, and more than 48 currency pairs.
The leverage can only be used up to 1:30, which is the limit set by the European Union regulations. The broker offers Meta Trader 4 and xStation 6, XTB’s own developed, platforms for both beginners and professionals. It includes 36+ technical indicators, 30 drawing tools, charts, patterns, and live stats with a smooth interface for both fundamental & technical analysis.
Here is the above list summarised for easy understanding.
|Best Brokers Name||License & Regulations||Best Feature|
|DEGIRO||Financial Conduct Authority of the UK, Supervised by DNB, and Netherland’s AFM (Authority for Financial Markets).||Discount Shares and ETFs for Trading|
|Trading 212||Financial Conduct Authority of UK and Bulgaria’s FSC||Good tools for Beginners and Professionals|
|Saxo Bank||Financial Conduct Authority of UK and Denmark’s Financial Service Agency (FSA)||Research Material and Technical Analysis|
|Interactive Broker||Financial Conduct Authority of UK and USA’s SEC (Securities and Exchange Commission)||Professional traders and serious investors|
|ET Finance||Cyprus Securities and Exchange Commission||Tradable Assets and Educational Material|
|XTB||Financial Conduct Authority of UK and CySEC (Cyprus Securities and Exchange Commission)||Intraday frequent Trading|
The Bottom Line
When finding a broker, make sure to look at certain significant features which primarily show the quality of the trading website. It is substantial to consider spreads, commission, other charges, best trading platforms, types of accounts, consumer support service, trading assets, payment methods, research & educational material.
Also, do not jump into the trading if you are beginner without any practise or knowledge. One can read books, articles, watch educational videos, practise through demo accounts for FREE, and eventually, one will develop his trading style and learn to make profits.
You can start with some basic books like Market Wizards by Jack D. Schwager, Trading in the Zone by Mark Douglas, or any other books of your choice.