Broker reviews

The best brokers for ETF investing in Europe

We rated 10 brokers available to European investors on the five things that matter for long-term UCITS ETF investing: fees, fund range, savings plans, platform quality and safety. Scores are ETFPanda's editorial opinion — see the full methodology below.

Last reviewed August 2026· Fees and features change; always confirm on the broker's own site.

Broker comparison: overall rating, ETF order fee, custody fee and savings plans
Broker	Rating	ETF order fee	Custody fee	Savings plans
Trade Republic	4.6	€1 flat	€0	Free, from €1/month
Interactive Brokers	4.5	From ~€1.25 (tiered)	€0	Recurring investments, no fee
Scalable Capital	4.5	€0.99 (free on PRIME+)	€0	Free, from €1/month
Trading 212	4.4	€0	€0	Free via Pies/AutoInvest
DEGIRO	4.2	€0 + €1 handling (core list)	€0 (exchange fee €2.50/yr)	Not available
XTB	4.2	€0 (up to €100k/month)	€0 (inactivity fee possible)	Free investment plans
Lightyear	4.1	€0 on ETF list	€0	AutoInvest, free
Saxo Bank	4.1	From ~€2–3 (tier-dependent)	Up to 0.15%/yr (tier-dependent)	AutoInvest in select markets
Revolut	3.7	€0 within plan allowance	€0 (0.12%/yr on some plans)	Recurring buys, free
eToro	3.6	€0	€0 ($10/mo after 12mo inactivity)	Recurring orders in select markets

Trade Republic

The savings-plan machine — €1 trades and free recurring ETF investing with a full bank licence.

4.6/ 5

Fees4.7

ETF range4.3

Savings plans5.0

Platform4.5

Safety4.4

Pros

All ETF savings plans execute free of charge, from €1 per month
Flat €1 per manual trade, no custody fee
Full German bank licence with interest on cash
Clean, fast mobile-first experience

Cons

Single trading venue (LS Exchange) — spreads can widen outside XETRA hours
Analysis tools are thin; you'll research elsewhere
Desktop experience trails the app

Regulator: BaFin (DE), full bank licence
Founded: 2015
HQ: Berlin, Germany
ETF order fee: €1 flat
Custody fee: €0
Fractional shares: Yes

Verdict: For the core European use case — a monthly savings plan into a world ETF — Trade Republic is arguably the best product on the market. Just execute manual trades during exchange hours.

Best for: Monthly savings-plan investors who want the simplest possible route from salary to a world ETF.

Interactive Brokers

The professional's choice — unmatched market access at institutional pricing.

4.5/ 5

Fees4.8

ETF range5.0

Savings plans3.5

Platform3.8

Safety5.0

Pros

Access to virtually every European exchange and UCITS ETF, plus global markets
Tiered pricing makes large orders extremely cheap; no custody fee
Interest paid on uninvested cash balances
Rock-solid, publicly listed parent with decades of track record

Cons

Trader Workstation is famously intimidating for beginners
Recurring investments are less streamlined than neobroker savings plans
Currency conversion is cheap but manual unless configured

Regulator: Central Bank of Ireland (IE) / SEC (US)
Founded: 1978
HQ: Greenwich, US (EU entity: Dublin, Ireland)
ETF order fee: From ~€1.25 (tiered)
Custody fee: €0
Fractional shares: Yes

Verdict: The benchmark for market access and cost at scale. If you can live with the learning curve, nothing in Europe matches the breadth. Beginners may prefer to start elsewhere and graduate here.

Best for: Experienced investors with larger portfolios who want every UCITS ETF, every exchange, and the lowest all-in costs.

Scalable Capital

Flexible plans and a flat-fee option that suits frequent investors.

4.5/ 5

Fees4.4

ETF range4.5

Savings plans4.9

Platform4.3

Safety4.3

Pros

Huge ETF savings-plan universe, free execution
PRIME+ flat fee makes frequent trading predictable
Interest on cash for subscribers
Gettex and XETRA venues available

Cons

Free tier charges €0.99 per manual trade
Best value requires a paid subscription
Product line-up (broker vs. wealth) can confuse newcomers

Regulator: BaFin (DE)
Founded: 2014
HQ: Munich, Germany
ETF order fee: €0.99 (free on PRIME+)
Custody fee: €0
Fractional shares: Yes

Verdict: The strongest Trade Republic alternative in the German-speaking market, and the flat-fee PRIME+ tier is genuinely good value for active savers.

Best for: Investors who run several savings plans at once, or trade often enough that a flat monthly fee beats per-order pricing.

Trading 212

Zero-commission ETF investing with automated 'Pies' for portfolio building.

4.4/ 5

Fees4.8

ETF range4.2

Savings plans4.6

Platform4.4

Safety4.0

Pros

Genuinely commission-free ETF trades, no custody fee
Pies + AutoInvest is one of the best recurring-investing designs anywhere
Fractional shares from €1
Interest on uninvested cash

Cons

0.15% FX fee on non-base-currency trades
CFD arm sits alongside the investing product — keep to the Invest side
Support is chat-based only

Regulator: FCA (UK) / CySEC (EU)
Founded: 2004
HQ: London, UK (EU entity: Nicosia, Cyprus)
ETF order fee: €0
Custody fee: €0
Fractional shares: Yes

Verdict: Hard to beat on pure cost, and the Pie system makes disciplined investing genuinely pleasant. Mind the FX fee if your account currency differs from the fund's trading currency.

Best for: Cost-focused investors who want commission-free trades and hands-off portfolio automation via Pies.

DEGIRO

The veteran European discount broker with a huge exchange line-up.

4.2/ 5

Fees4.5

ETF range4.5

Savings plans3.0

Platform4.0

Safety4.3

Pros

Core ETF selection trades for €0 commission (€1 handling fee applies)
Direct access to many European exchanges — trade on your local venue
Long track record, now part of listed flatexDEGIRO bank
Transparent fee schedule

Cons

No automated ETF savings plans
€2.50/exchange/year connectivity fee
No fractional shares

Regulator: AFM / DNB (NL), BaFin (DE)
Founded: 2008
HQ: Amsterdam, Netherlands
ETF order fee: €0 + €1 handling (core list)
Custody fee: €0 (exchange fee €2.50/yr)
Fractional shares: No

Verdict: Still an excellent manual-investing broker with rare breadth of European exchanges. The missing savings-plan feature is the one real gap for long-term ETF savers.

Best for: Self-directed investors who buy whole shares on their local exchange and don't need automation.

XTB

Commission-free ETFs and polished tools from a listed Polish broker.

4.2/ 5

Fees4.5

ETF range3.8

Savings plans4.2

Platform4.2

Safety4.2

Pros

0% commission on ETF trades up to €100k monthly volume
Investment plans allow automated ETF portfolios
Listed on the Warsaw Stock Exchange — transparent financials
Strong multilingual support across CEE and Western Europe

Cons

ETF universe is narrower than IBKR or DEGIRO
0.5% FX conversion fee is comparatively high
Platform heritage is CFD trading; investing side is newer

Regulator: KNF (PL), listed on WSE
Founded: 2002
HQ: Warsaw, Poland
ETF order fee: €0 (up to €100k/month)
Custody fee: €0 (inactivity fee possible)
Fractional shares: Yes

Verdict: A solid, credible choice — especially east of the Oder, where its language coverage and local presence beat the German neobrokers. Watch the FX fee on non-EUR funds.

Best for: Investors in Central and Eastern Europe who want commission-free UCITS ETFs with local-language support.

Lightyear

A clean, multi-currency challenger built for European index investors.

4.1/ 5

Fees4.4

ETF range3.6

Savings plans4.3

Platform4.3

Safety3.9

Pros

Free ETF orders on a curated UCITS list
Multi-currency accounts (EUR, USD, GBP, HUF) with interest on cash
Simple, honest fee schedule with no custody fee
Fast-improving product with savings plans (AutoInvest)

Cons

Smaller ETF universe than the incumbents
Younger company with a shorter track record
Estonian investor-protection ceiling (€20k securities scheme) is lower than bank-licence rivals

Regulator: Estonian FSA (EU passported)
Founded: 2020
HQ: Tallinn, Estonia
ETF order fee: €0 on ETF list
Custody fee: €0
Fractional shares: Yes

Verdict: The most thoughtfully designed of the newer entrants. The fund list covers the core of what most index investors need, and multi-currency support is a genuine differentiator.

Best for: Investors who hold multiple currencies and want a straightforward, well-designed app for a core ETF portfolio.

Saxo Bank

Danish bank-grade infrastructure with premium tools — at premium-ish prices.

4.1/ 5

Fees3.4

ETF range4.8

Savings plans3.2

Platform4.4

Safety5.0

Pros

Systemically supervised Danish bank — top-tier asset protection
Excellent professional platforms (SaxoTraderGO/PRO)
Very wide UCITS ETF and global market coverage
2024 price cuts made entry tiers far more competitive

Cons

Still pricier than neobrokers for small, frequent ETF orders
Custody fee applies on some tiers
Platform depth is overkill for a simple monthly world-ETF plan

Regulator: Danish FSA (systemically important bank)
Founded: 1992
HQ: Copenhagen, Denmark
ETF order fee: From ~€2–3 (tier-dependent)
Custody fee: Up to 0.15%/yr (tier-dependent)
Fractional shares: No

Verdict: You're paying a modest premium for a systemically important bank as your counterparty and genuinely excellent tools. For six-figure portfolios, that trade can be worth it.

Best for: Larger portfolios that value bank-level safety and professional tooling over the absolute lowest fees.

Revolut

The everything-app's brokerage — convenient, improving, not yet a specialist.

3.7/ 5

Fees3.7

ETF range3.0

Savings plans4.0

Platform4.3

Safety3.7

Pros

Investing lives inside an app you may already use daily
Commission-free trades within your plan allowance
Recurring buys make small-scale ETF saving easy
European bank licence (Lithuania) for deposits

Cons

Modest UCITS ETF selection compared with dedicated brokers
Free-trade allowance depends on your subscription tier; fees apply beyond it
Brokerage entity and protections differ from the banking side — read the fine print

Regulator: Bank of Lithuania (EU) / FCA (UK)
Founded: 2015
HQ: London, UK (EU bank: Vilnius, Lithuania)
ETF order fee: €0 within plan allowance
Custody fee: €0 (0.12%/yr on some plans)
Fractional shares: Yes

Verdict: The convenience is real and the ETF offering keeps improving, but dedicated brokers still beat it on fund choice, costs at scale, and clarity of investor protection. A good on-ramp — most serious ETF savers eventually add a specialist account.

Best for: Existing Revolut users starting small who want a frictionless first step into ETF investing.

#10

eToro

Social investing pioneer — fine for ETFs, built for something else.

3.6/ 5

Fees3.5

ETF range3.4

Savings plans3.0

Platform4.2

Safety4.0

Pros

Commission-free ETF trades
Copy-trading and social features are unique
Simple onboarding, wide EU availability
Publicly listed since 2025 — improved transparency

Cons

USD-denominated accounts mean FX conversion on EUR deposits
$5 withdrawal fee and inactivity fee
ETF selection tilts US-listed CFD-adjacent products; UCITS coverage is thinner

Regulator: CySEC (EU) / FCA (UK)
Founded: 2007
HQ: Bnei Brak, Israel (EU entity: Cyprus)
ETF order fee: €0
Custody fee: €0 ($10/mo after 12mo inactivity)
Fractional shares: Yes

Verdict: A capable platform whose centre of gravity is trading and copy-investing, not long-term UCITS ETF accumulation. Fine as a satellite account; the USD base currency is the main friction for euro savers.

Best for: Investors who value the social layer and hold a smaller, simpler ETF core alongside other trading.

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How ETFPanda rates brokers

Every broker is scored 0–5 on five pillars, weighted to reflect what matters most for a long-term UCITS ETF investor. The overall rating is the weighted average, rounded to one decimal. We open real accounts where possible, read the full fee schedules, and re-check every review at least twice a year or when a broker changes its pricing.

Fees30%

ETF order commissions, custody fees, FX conversion costs and inactivity charges.

ETF range25%

Breadth of the UCITS ETF universe: issuers covered, exchanges available, fractional support.

Savings plans15%

Automated recurring ETF investing: plan availability, minimums, and whether execution is free.

Platform15%

Web and mobile experience, order types, portfolio analytics, language support and customer service.

Safety15%

Regulator strength, deposit/asset protection scheme, track record and balance-sheet transparency.

Independence: ratings are editorial and never for sale. If we ever add partner links, they will be clearly labelled and will not affect scores. Nothing on this page is investment advice; features, fees and investor protections vary by country of residence. Capital at risk.

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