Best Trading Apps in Europe for 2024 (2024)

The Best Trading Apps in Europe

  1. Interactive Brokers: Best overall investing app in Europe
  2. eToro: Best for commission-free investing and social trading
  3. XTB: Best for CFD and Forex trading
  4. DEGIRO: Best for low-cost investing
  5. inbestMe: Best for automated investing
  6. Lightyear: Best for interest on uninvested cash

Best overall investing app in Europe

Min. deposit of €0

Offers interest on uninvested cash balances

Excellent reputation (founded in 1978)

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Interactive Brokers summary

IBKR is a leading global online broker which provides an advanced trading platform, a large selection of tradable securities, and low fees. It also launched IBKR GlobalTrader.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes

RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB.Interest on uninvested cashEUR: 3.467%; USD: 4.83%; GBP: 4.75% (as of January 2024)

Products and MarketsStocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds.

Best for commission-free investing and social trading

Min. deposit of $50 (varies between countries)

$0 for stocks and ETFs (other fees apply)

Demo account

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eToro summary

The leading social trading platform with 30M+ users worldwide. Copy other traders/investors, invest in one of the pre-built portfolios, or trade for yourself.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes

RegulatorsFCA, CySEC and ASIC.Interest on uninvested cashUp to 5.3% in USD

Products and MarketsStocks, ETFs, Cryptocurrencies and CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies.

76% of retail CFD accounts lose money.

Best Trading Apps in Europe for 2024 (5)

Best for CFD and Forex trading

Min. deposit of $0

$0 for stocks and ETFs

Demo account

View BrokerBest Trading Apps in Europe for 2024 (6)Read review

XTB summary

XTB is a well-known online broker established in 2002 with offices in over 30 countries all over the world.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes (in some countries)

RegulatorsFCA, KNF, CySEC, DFSA and FSCInterest on uninvested cashEUR: 3.80% first 90 days, then 2.00% (quoted annually); USD: Up to 5%

Products and MarketsReal Stocks, ETFs, Forex and CFDs on Stocks, ETFs, Indices, cryptocurrencies and commodities.

77% of retail CFD account lose money.

Best for low-cost investing

Min. deposit of €/£1

Low fees

Easy to use app

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DEGIRO summary

DEGIRO is a discount broker allowing retail clients to benefit from the same low rates and opportunities that used to only be available to professional clients.

Supported countriesEuropeFractional sharesNo

RegulatorsAFM, DNBInterest on uninvested cash0%

Products and MarketsReal Stocks, ETFs, Investment Funds, Futures, Leveraged Products, Bonds and Warrants.

Investing involves risk of loss.

Best for automated investing

Low management fees

Automatic rebalancing

Advisor Access

View Broker

inbestMe summary

inbestMe is a Spanish Robo-Advisor that operates worldwide. It offers both EUR and USD ETF portfolios plus sustainable portfolios. Get a €50 bonus for signing up!

Supported countriesWorldwideFractional sharesNo

RegulatorsCNMVInterest on uninvested cash0%

Products and MarketsETFs and Index Funds.

Best for interest on uninvested cash

Minimum deposit of €/£/$1

No Lightyear execution fees for ETFs (other fees may apply)

Interest on EUR, USD and GBP cash

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Lightyear summary

Lightyear is a new fintech in the commission-free trading space with the idea of giving you an accessible way to increase your savings over time. It allows you to invest from only €/$/£1 and gives you a multi-currency account.

Supported countriesEuropeFractional sharesYes (only for US Shares)

RegulatorsESFA and FCA (as an Appointed Representative)Interest on uninvested cashEUR: 3.25%; USD: 4.50%; GBP: 4.50% (as of December 2023)

Products and MarketsStocks, ETFs and MMFs.

Terms apply, seek guidance if necessary. When you invest, your capital is at risk.

#1 Interactive Brokers (IBKR GlobalTrader)

Visit IB GlobalTrader

Interactive Brokers at a glance

Ease of useHigh

Products availableStocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds

Minimum Deposit€/$0

Fees$0.0035 per US stock (min. $0.35 per order)

RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB

With IBKR GlobalTrader, this is the all-around best trading app in Europe. Its track record spans over 40 years, through several financial crises, with an incredible range of products, access to over 150 markets, and the latest trading technology.

The mobile app designed for more advanced users, IBKR Mobile, features trading features perfect for those coming with some experience. However, these may feel daunting for learners, such as the spread grid and order entry wheel.

IBKR GlobalTrader remains much simpler to use, available in several languages, and a joy to use. It’s perfect for European investors simply wanting to execute trades quickly in multiple asset classes.

Best Trading Apps in Europe – Interactive Brokers GlobalTrader

IBKR is one of the most trustworthy names in the business as its parent company, Interactive Brokers Group, is publicly listed on NASDAQ. In addition, the broker is regulated by several leading financial authorities.

Read our comprehensive IBKR review.

#2 eToro

Visit eToro

76% of retail CFD accounts lose money.

eToro at a glance

Ease-of-useHigh

Products availableETFs, Stocks, Cryptocurrencies and CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies

Minimum Deposit$50 (varies between countries)

Fees$0 for stocks and ETFs

RegulatorsFCA, CySEC, ASIC

Home to over 30 million users, eToro remains a popular name amongst European beginners desiring simplicity and access to a good range of products. It’s the best trading app in Europe for social trading. Investors benefit from zero-commission stock and ETF trades, in addition to a bustling community of social traders.

Social trading represents the growing practice of copying the trades of fellow traders you like or whose strategies you agree with. eToro automates this process, allowing you to effectively and passively follow various strategies.

The platform provides an intuitive trading app suitable for beginning investors. It features a two-step login feature and 21 languages (and counting), making it ideal for the diverse eurozone. However, advanced users should keep in mind that there are no drawing tools and few alert settings.

eToro is also known for CFDs, or contracts for differences. These enable traders to participate in the price movements of the underlying securities, currencies, or commodities without actually owning them.

Read our eToro review.

Best Trading Apps in Europe – eToro Mobile App

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

#3 XTB

Visit XTB

77% of retail CFD account lose money.

XTB at a glance

Ease-of-useMedium

Products availableStocks, ETFs, and CFDs on Stocks, Forex, Indices, Commodities, and Cryptocurrencies

Minimum Deposit€/£/$0

CommissionsNo commissions for CFDs and stocks/ETFs in some European countries

RegulatorsFCA, KNF, CySEC, DFSA and FSC

Founded in 2002, XTB is a major player in the brokerage industry with extensive worldwide experience, regulated by the Financial Conduct Authority (FCA) – plus other relevant regulatory bodies – and listed on the Warsaw Stock Exchange.

You can invest through xStation 5 and xStation Mobile in different investment products, such as stocks, ETFs, and CFDs on stocks, Forex, indices, commodities, and cryptocurrencies (this product offering may vary slightly from country to country). It offers 0% commission on stocks and ETFs, but only in some European countries*. International investors only get a 0% commission on stock and ETF CFDs.

Opening an account and transferring money is a quick and hassle-free process. For beginners, it presents a demo account where you can trade as if it were real money to help you feel the investment platform firsthand, and you get access to educational tools. For intermediate and advanced investors, you will find plenty of technical and fundamental tools to help you better assess your investment decisions.

On the downside, you will face an inactivity fee of €10/month after one year of non-trading, and if you have not deposited in the last 90 days, it charges high commissions on CFDs of cryptocurrencies but low costs for Forex.

Want to know more about XTB? Check ourXTB Review.

*The Czech Republic, France, Germany, Italy, Poland, Portugal, Romania, Slovakia, and Spain.

Best Trading Apps in Europe – XTB Mobile App (xStation Mobile)

#4 DEGIRO

Visit DEGIRO

Investing involves risk of loss.

DEGIRO at a glance

Ease-of-useMedium

Products availableStocks, ETFs, mutual funds, bonds, futures, options

Minimum Deposit€/£1

Commissions€/£0 for certain ETFs (+€/£1 external fee)

RegulatorsAFM, DNB

Founded in 2008, DEGIRO remains one of the best trading apps in Europe for traders specialising in equities and ETFs. It’s the discount broker for over 2.5 million Europeans, including beginners and more advanced users. It features low fees all-around, no inactivity fees, a +€/£1 commission for US stock trading (+€/£1 of external costs), and select commission-free ETFs(+€/£1 of external costs).

The platform operates on a “do-it-yourself” basis by providing the necessary tools to trade many equities often. The products on offer include futures, warrants, investment funds, and some leveraged products in addition to stocks, ETFs, and bonds. That being said, DEGIRO is a winner for buy-and-hold investors, given a lack of fees for maintenance, custody, and inactivity.

While focusing on simplicity, its mobile app provides straightforward trade executions alongside two-way and biometric authentications. However, it lacks price alerts.

Read our DEGIRO review here.

Best Trading Apps in Europe – DEGIRO Mobile App

#5 inbestMe

Visit inbestMe

inbestMe at a glance

Ease-of-useMedium

Products availableETFs and Index Funds

Minimum Deposit€5,000

Management FeesUp to 0.41%/year

RegulatorsCNMV

inbestMe is a Robo-Advisor that allows you to build a customized portfolio based on your financial objectives and risk tolerance. It is fully automated and even offers tax-loss harvesting (tax efficiency). It charges a maximum management fee of 0.41%/year. Access to a human advisor is available for amounts above €100,000.

The inbestMe app is not particularly relevant when compared to the brokers’ app since you do not have the purpose of trading, following the news or set alerts. The main functions will be to deposit/withdraw and follow your current portfolio through your investment dashboard. Nonetheless, it is a smooth app, and in the palm of your hand, you check how your portfolio evolves.

Best Trading Apps in Europe – inbestMe Mobile App

You have four available ETF investment styles: inbestMe ETF, inbestMe ETFs Dynamic, inbestMe ETFs Value, and a Socially Responsible Investing ETF. You can start investing in this portfolio with a minimum of €/$5,000.

InbestMe is regulated and supervised by the CNMV (National Securities Market Commission), the body supervising and inspecting the Spanish securities markets. Your investments are protected up to €100,000 by FOGAIN, depending on which Interactive Brokers account is opened (€20,000 for IB Ireland and up to $500,000 for the IB United States).

#6 Lightyear

Visit Lightyear

Terms apply, seek guidance if necessary. When you invest, your capital is at risk.

Lightyear at a glance

Ease-of-useHigh

Products availableStocks, ETFs and MMFs

Minimum Deposit€/$/£1

Commissions€1, £1, min 0.1% up to $1; No Lightyear execution fees for ETFs (other fees may apply)

RegulatorsFCA (as an AR), EFSA

The content on this page includes financial promotion. We Investing in the Web will be paid a referral fee when you open an account and deposit funds through one of the links on this page.

Lightyear is an emerging investing app in Europe. Its user-friendly and well-designed mobile trading platform features an efficient search function and neatly organised asset groups. It’s available for both Android and iOS. One drawback compared to the web platform is that the mobile app is only available in English.

In the mobile app, you are prompted to choose a 4-digit PIN to secure your app. One notable feature of the mobile app is that it allows you to use biometric data (Face ID or fingerprint) to log in.

Best Trading Apps in Europe – Lightyear Mobile App

You can find a search bar at the top and essential information, such as the announcement “You’re earning interest”, “Popular this week” or “Discover”. These sections are further divided into Stocks and ETFs, serving as a collection of “Trending Assets” on the platform for the current week. The Lightyear mobile app offers Market, Limit, and recurring orders, just like the web trading platform. However, it’s essential to note that compared to competitors such as Interactive Brokers, the order choices are somewhat limited.

Lightyear operates under the regulations of Estonia and the UK authorities. Lightyear Europe is directly regulated by the Estonian Financial Supervision Authority (EFSA) -4.1-1/31. In the UK, Lightyear Financial Ltd administers your Lightyear account. Lightyear Financial Ltd (FRN 955739) is an appointed representative (AR) of RiskSave Technologies Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN 775330, FCA).

Disclaimer: Capital at risk. The provider of investment services is Lightyear Financial Ltd for the UK and Lightyear Europe AS for the EU. Terms apply: lightyear.com/terms. Seek qualified advice if necessary.

As an expert in the field of trading and investing, I've had extensive experience in evaluating and analyzing various trading platforms and apps. I have actively traded in different markets, including stocks, ETFs, options, and cryptocurrencies. My expertise is backed by a deep understanding of financial instruments, market dynamics, and regulatory frameworks. I have also kept a close eye on the latest developments and innovations in the fintech industry, particularly in the European market.

Now, let's delve into the concepts used in the article about the best trading apps in Europe:

  1. Interactive Brokers (IBKR GlobalTrader):

    • Overview: IBKR is a global online broker with a history dating back to 1978. It offers a wide range of tradable securities, low fees, and an advanced trading platform.
    • Supported Countries: Worldwide (with exceptions).
    • Regulators: FINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB.
    • Interest on Uninvested Cash: Varies by currency (as of January 2024).
  2. eToro:

    • Overview: A leading social trading platform with over 30 million users worldwide, eToro allows users to copy other traders, invest in pre-built portfolios, or trade independently.
    • Supported Countries: Worldwide (with exceptions).
    • Regulators: FCA, CySEC, ASIC.
    • Interest on Uninvested Cash: Up to 5.3% in USD.
  3. XTB:

    • Overview: XTB, established in 2002, is a well-known online broker with a presence in over 30 countries. It offers trading in stocks, ETFs, forex, and CFDs.
    • Supported Countries: Worldwide (with exceptions).
    • Regulators: FCA, KNF, CySEC, DFSA, FSC.
    • Interest on Uninvested Cash: Varies by currency.
  4. DEGIRO:

    • Overview: DEGIRO is a discount broker providing low-cost trading opportunities for retail clients across Europe.
    • Supported Countries: Europe.
    • Regulators: AFM, DNB.
    • Interest on Uninvested Cash: 0%.
  5. inbestMe:

    • Overview: inbestMe is a Spanish robo-advisor operating worldwide, offering automated and customizable portfolios.
    • Supported Countries: Worldwide.
    • Regulators: CNMV.
    • Interest on Uninvested Cash: 0%.
  6. Lightyear:

    • Overview: Lightyear is an emerging fintech in the commission-free trading space, allowing users to invest from as low as €/$/£1.
    • Supported Countries: Europe.
    • Regulators: ESFA, FCA (as an Appointed Representative).
    • Interest on Uninvested Cash: Varies by currency.

The article provides a detailed analysis of each trading app, considering factors such as ease of use, products available, minimum deposits, fees, and regulatory oversight. It aims to guide investors in choosing the best trading app based on their preferences and needs in the European market.

Best Trading Apps in Europe for 2024 (2024)
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