Online trading platforms offer a wealth of convenience for investing at any point in time and also provide lots of information about the market minute by minute, helping you make the best decisions.
For active trading as well as long-term investing these are the best platforms I’ve found:
This broker is located in Malta and has a decent interface. They are currently launching a new platform which looks like it will be a significant improvement over their stable version.
The disadvantage with CC is that you will have to pay a fee if you decide to transfer your positions to another platform further down the line.
The Danish giant has a physical presence or local partnerships in many European countries. It’s a great platform that works well on laptops as well as mobile devices.
I would highlight the fact that if you don’t trade for more more than six months they will charge you USD 100, so you need to buy/sell something at least twice a year.
Other Online Brokers
There are of course other good online brokers in Europe, two others which are worth a mention and have come highly recommended are the following:
- De Giro – Low cost broker with incredible prices.
- Interactive Brokers – 10 euro a month for maintenance costs, so not recommendable for buy and hold.
These two are both cheaper for trades compared to CC and SaxoBank. I always recommend looking at all the fees and factors though, because what works best for me will not necessarily work best for you, depending on your location and investing strategies.
Have you found any other great online trading platforms? Let me know in the comments section.