Finding the perfect online broker can be tricky. However, it is possible to find one that is at least close. In fact, Some brokers stand out for the quality of their services, suitable for both beginners and professional traders. Here are four of the most complete brokers, suitable for those residing in Europe.
Libertex
In 2020, Libertex was named the best Forex broker in Europe by Forex Report magazine, but this was not the first of the awards the broker has received in its 23-year history. Libertex is also considered an excellent platform by many comparison sites. Clients seem to agree with this statement, as Libertex currently boasts 2,9 million active users worldwide. However, Libertex remains primarily a European broker, as it is regulated and headquartered in Limassol, Cyprus.An analysis of the Libertex broker highlighted several positive features of its platform, including its competitive fees. Instead of using spreads, Libertex applies a floating commission, which is lower than the average broker fee. For example, the commission for EUR/USD trading is 0,011%, while the commission for the SPDR S&P 500 Trust ETF is 0,075%.Additionally, Libertex provides access to more than 250 assets across multiple markets such as Forex, indices, commodities, stocks, ETFs, and cryptocurrencies. Traders have access to a variety of online trading platforms, including MetaTrader 4, MetaTrader 5, and the broker’s own web platform. Its excellent performance and the availability of features such as Trading Central integration, as well as having earned it several awards, make Libertex a complete broker that offers a good trading experience and is equipped with all the necessary professional tools.
eToro
Best known for its network of social trading, eToro is currently one of the most popular online brokers in the world. Since its inception in 2006, its customer base has grown and now boasts 20 million users worldwide. eToro is also one of the few online brokers to be licensed to offer its services in the United States.eToro is a European broker with offices in the UK and Cyprus. It is licensed in both countries, which gives it a presence in Europe and beyond. Part of eToro's appeal is the heavy regulation it operates under, as clients enjoy a certain level of security, including a UK fund that compensates investors up to £85.000 in the event of a broker going bust. Where eToro far outshines Libertex is the number of tradable assets available. Here, you can trade over 1.000 instruments, including stocks, currency pairs, indices, ETFs, commodities, and cryptocurrencies. Another advantage is that you can buy real stocks, not just CFDs, without paying any commission. While these are certainly advantageous features, the broker's crown jewel is another: social trading. eToro may not have been the first to launch social trading, but it is certainly the broker that popularized it among internet users. Taking advantage of its growing client base, eToro provides a network where traders can connect with other market participants and share investment ideas.
XTB
Founded in Poland, XTB is the leading European online broker with offices in over 13 other countries, including France, Germany and the UK. It currently has over 270.000 clients from various countries, excluding the US. XTB’s client base is certainly smaller than its predecessors, but XTB offers other benefits.The most important one is related to security, as XTB is authorized by 5 regulators in the UK, Poland, Cyprus, Spain and Belize. XTB is also a public company listed on the Warsaw Stock Exchange. As a listed company, XTB publishes its financial results, which is a guarantee of transparency. Traders access the markets through the flagship xStation 5 platform, developed by the broker. xStation is a popular platform for traders. It provides almost all the tools a trader could need: technical indicators, drawing tools, news feeds and advanced order types. That is why both professional traders and investors are particularly fond of it. However, XTB does not exclude beginners, because you can sign up with just 250 euros. This gives you access to more than 2.100 instruments including stocks and ETFs.
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Interactive Brokers
Interactive Brokers is not only one of the first online brokers, but it has also revolutionized the way of trading on the market. Founded in 1977, IB was the first to offer electronic trading in the United States in 1993.. Since then, it has become one of the largest online brokers in the world and currently has over 720.000 clients. When it comes to safety and protection of funds, IB has a lot to offer. The broker is listed on the Nasdaq and is licensed by nine financial regulators. It has a global reach, which means it allows you to trade assets that only a few other brokers offer. For example, you can trade stocks listed on the Hong Kong and Singapore exchanges. In 2020, IB received the Best Trading Technology award from Benzinga. Its flagship platform, Trader Workstation, offers a suite of professional tools designed to provide the best trading experience, including automated trading. Trading commissions are very low and IBKR Lite clients can purchase US stocks and ETFs commission-free. In addition to currencies, stocks, ETFs and metals offered by other brokers, you can invest in options, bonds, mutual funds and futures.
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