Avanza
Sweden
EU
Avanza is a Swedish online bank and the largest stockbroker in Sweden, headquartered in Stockholm. It was founded in 1999, and its parent company Avanza Bank Holding AB is listed on Nasdaq...
European Online Brokers and Neobrokers
DEGIRO
Germany
EU
DEGIRO is an online broker that belongs to flatexDEGIRO, a listed company headquartered in Frankfurt am Main. DEGIRO started in Amsterdam in 2008, and flatex acquired it, with the legal merger into...
Nordnet
Sweden
EU
Nordnet is a Nordic broker and savings platform headquartered in Stockholm. It was founded in 1996 as the first internet broker in Sweden, and it has served customers in Sweden, Denmark, Finland...
Saxo
Denmark
EU
Saxo is a Danish bank and online broker headquartered in Copenhagen. It was founded in 1992 and received a banking licence in 2001. Saxo says it gives access to more than 71,000...
Scalable Capital
Germany
EU
Scalable Capital is a German investment platform and bank headquartered in Munich. Erik Podzuweit, Florian Prucker, Adam French and Stefan Mittnik founded it in 2014, and it started as a robo-advisor in...
Trade Republic
Germany
EU
Trade Republic is a German bank and neobroker headquartered in Berlin. Christian Hecker, Thomas Pischke and Marco Cancellieri founded it in 2015, the app launched in 2019, and in 2023 it received...
XTB
Poland
EU
XTB is a Polish broker headquartered in Warsaw. Jakub Zabłocki founded it in 2002 as X-Trade Brokers, and its shares have been listed on the Warsaw Stock Exchange since 2016. XTB states...
Did we miss one? Feel free to submit a suggestion!
Submit SuggestionAn online broker lets private investors buy and sell stocks, ETFs, bonds and other securities through an app or website, without a bank adviser. Neobrokers are the newer, app-first brokers with flat or very low fees. The brokers below are headquartered in Europe, hold European licences and are supervised by European authorities, which makes them candidates when looking for a European alternative to US apps such as Robinhood. This page is an overview, not investment advice, and investing always carries the risk of losing money.
Online brokers compared
| Broker | Headquarters | Good to know |
|---|---|---|
| Scalable Capital | Munich, Germany | Bank with ECB licence, Scalable Broker and Scalable Wealth, investing from 1 euro |
| Trade Republic | Berlin, Germany | Full bank, stocks, ETFs, bonds, crypto wallet and savings plans, more than 10 million customers |
| DEGIRO | Frankfurt, Germany | Part of flatexDEGIRO, stocks, ETFs, bonds, options and futures on many exchanges |
| XTB | Warsaw, Poland | Listed on the Warsaw Stock Exchange, real stocks and ETFs plus CFDs, own xStation platform |
| Nordnet | Stockholm, Sweden | Pan-Nordic broker in Sweden, Denmark, Finland and Norway, listed on Nasdaq Stockholm |
| Avanza | Stockholm, Sweden | Largest Swedish stockbroker, shares, funds, pensions and mortgages |
| Saxo | Copenhagen, Denmark | More than 71,000 instruments, owned by the Swiss J. Safra Sarasin Group since 2026 |
Which broker fits which investor
- Savings plans and ETFs in the euro area: Scalable Capital and Trade Republic are built for regular ETF savings plans and low entry amounts.
- A wide choice of markets: DEGIRO and Saxo give access to many exchanges and to options and futures.
- Active traders: XTB offers its own trading platform and also sells CFDs, which are leveraged and complex.
- Nordic investors: Nordnet and Avanza are the established brokers of Sweden and its neighbours, including local pension and savings accounts.
What to check before opening a depot
- Costs: Compare order fees, spreads, currency conversion and custody fees for the way you invest, not just the headline price.
- Protection: Check which entity holds the securities and which compensation scheme applies. Price losses are never covered.
- Taxes: Tax reporting and withholding differ by country, and not every broker handles them for every country.
- Products: CFDs and leveraged products can lose more quickly than shares, regulators require warnings about this.
What Europe does not offer
There is no single pan-European broker with the same home market everywhere. Accounts, taxes and available products depend on the country of residence, and the Nordic brokers mainly serve the Nordic market. US platforms like Robinhood also sell crypto and derivatives in one app, which European brokers cover with different licences and sometimes separate partners. See the page on Robinhood alternatives.