Best european broker

Best european broker

Saxo Bank is a Danish investment bank founded in 6997, providing online trading and investments. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA).

Online Broker Comparison - Top European Online Brokers

While we are discussing strategies: not all forex brokers support strategies such as hedging, scalping and EAs.
Make sure you understand any and all restrictions in this regard, before you sign up.

Best trading platform for Europeans in 2020 - Fee

Cryptocurrency pairs are quite ubiquitous nowadays. Crypto/fiat and crypto/crypto pairings are both popular. The massive volatility associated with these products makes scalping a viable strategy for profitable trading.

7Best Online Brokers 2020

Cyprus has been a member of the European Union (EU) since 7559 and has ratified the EU Financial Markets Directive MiFID accordingly. Cypriot Forex brokers are regulated by the Cyprus Securities and Exchange Commission (CySEC) which has to follow ESMA's regulatory framework. Nevertheless, CySEC regulation cannot be compared with that in Australia (ASIC), the USA (NFA and CFTC), Germany (BaFin) or Great Britain (FCA) for example.

This may seem tedious, but it is the only way to head off fraud. The prices are compared to the public quotes. If the broker executes trades at better prices than the public quotes, it has some additional explaining to do.

In other words, if you’re looking to start trading forex we do recommend that you give a try. You can even open a demo account to take them for a test drive first.

Anyone who compares different European brokers will quickly notice that there is a remarkably high number of providers based in Cyprus. In recent years, the island state has developed into one of the most important locations for CFD and Forex brokers. This is not least due to tax advantages.

The most important thing to consider when picking a broker in Europe is to ensure that it’s regulated and licensed by a trustworthy regulatory body. This is the only way that one can ensure that a European online broker is safe to use.


Available stock markets naturally play a particularly important role when it comes to trading stocks. Beginners in particular usually look around on the national stock exchanges and would like to have a large selection here. However, if you are thinking about acting internationally, you should also pay attention to what is on offer when looking for a platform. The more stock exchanges there are, the greater the supply, but also the danger of possibly getting bogged down. The own trading system should, therefore, be kept in mind during the search. The best trading platform for shares ideally offers access to national and international stock exchanges.

The Stocks scanner uses 65 factors to filter stocks you want to trade with, including market capitalization, P/E, beta and debt-to-equity ratio.

As a previous full-time trader turned hobby enthusiast, since 7556, I have completed over 6,555 trades in my personal portfolio, finishing 7569 with a total 7,579 individual buys and sells.

Feel free to test IG s first-class trading platform since there is no minimum funding amount for bank transfers and you can easily open a demo account too.

Lastly, we get into the nitty-gritty and start evaluating the top brokers based on the assets and markets they offer. As you can see above, the best European stockbroker doesn’t necessarily have to have the best overall trading platform in Europe. Same goes for great cryptocurrency brokers that might not be optimal on mobile devices.

MiFID II sets clear guidelines in this regard. Online forex brokers are required to submit data concerning their execution methods as well as execution prices on a trade-by-trade basis.

Whitelabel brokers often have their own brand and user interface for trading. Behind the surface, however, is the trading platform of a larger broker. Sometimes the opening of an account via such an intermediary can result in a cost advantages for investors, and sometimes trading there is also more expensive than with a regular broker.


Day traders, scalpers, high-frequency traders and those that use hedging are generally welcome with ECN and STP brokers. Market maker brokers, on the other hand, do not allow some of these trading systems on their platforms. Be sure that the strategies you want to work with are accepted with the relevant provider.

Traders in Europe can apply for Professional status. This removes their regulatory protection, and allows brokers to offer higher levels of leverage (among other things).

Proprietary solutions are often interesting, though in some cases less than optimal. For traders who base their strategies on the use of EAs and VPS, a proprietary platform that does not support such features, is useless.

Ally offers simple, low-fee accounts that are easy to manage. That includes both its popular Ally Bank checking and savings accounts and Ally Invest brokerage accounts. Ally Invest offers both self-directed and managed investment accounts. Stock and ETF trades are commission-free, though the selection of ETFs is limited.

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