Best Trading Platforms in Europe 2024

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Starting a trading career in Europe can be both exciting and daunting. The daunting part arises from the multitude of European trading platforms available in this region. But it doesn’t have to be that way. You can find an exceptional broker easily by following the tips outlined in our expert guide to the best trading platforms in Europe.

Our experts dedicated many days to researching and testing European trading platforms. We used factors like security, reputation, and fees to pick 5 exceptional service providers. This guide is factual and unbiased. Its primary objective is to inform and help you make decisions that will benefit your trading career.

In a Nutshell

  • Online trading can be a lucrative full-time job or a side hustle. But you need a reliable and trustworthy platform.
  • Many brokers are operating in this region. Consider indispensable factors like licensing, online reputation, and fees while searching for a good service provider.
  • If you find trading on the go appealing, you need to look for a broker with reliable mobile apps.
  • To avoid unfair practices and fraudulent activities, prioritize trading with a platform licensed and regulated by respected NCAs in Europe, including the FCA, the FMA, BaFin, and CySEC.
  • We vetted countless trading platforms and hand-picked 5 that possess all the right qualities, including proper licensing and affordable fees. We’ve reviewed them in this guide, alongside their pros and cons.

List of the Best Trading Platforms in Europe

  • Pepperstone Overall Best Trading Platform in Europe
  • eToro – Best Trading Platform for Investors in Europe
  • Plus500* Best Platform for CFD Traders in Europe
  • AvaTrade – Best Platform for Beginners in Europe
  • FP Markets – Best Platform for Forex Trading in Europe

Note: 80% of retail investor accounts lose money when trading CFDs with this provider.

In This Guide

Compare Online Trading Platforms Europe

Compiling a list of 5 of the best European trading platforms wasn’t easy. Our team had to research and vet hundreds of brokers and their offerings. But we are experts at this, so it wasn’t a problem. After dedicating days to studying and evaluating different service providers, we picked well-balanced, reputable, and reliable platforms.

While selecting the best trading platform for European traders, our team considered various vital aspects. They include licensing, security, and support services. We also prioritized service providers that offer exemplary trading platforms and supported popular payment methods. We’ve included some of these elements in the table below. Use it to pick a fitting trading platform.

Best Trading Platform in EuropeLicense & RegulationSupport ServiceSoftwarePayment MethodDemo Account
PepperstoneFCA, ASIC, FSCA, DFSA, CySEC, CMA, SCB, BaFin24/7TradingView, MT4, MT5, cTrader, Pepperstone Trading Platform, Social tradingVisa, Mastercard, Bank transfer, Neteller, Skrill, PayPalYes
eToroFCA, CySEC, FSCA, ASIC, SFSA, ADGM, MFSA, FSAS, GFSC, SEC24/7eToro investing platform and app, Multi-asset platform, Social Trading, Copy Trader, Smart PortfoliosCredit/debit card, Bank transfer, Klarna, PayPal, Skrill, Neteller Yes
Plus500*FSCA, CySEC (#250/14), FCA, ASIC, FMA, MAS24/7Plus500 Invest, Plus500 CFD, Plus500 FuturesVisa, MasterCard, PayPal, Skrill, Bank transferYes
AvaTradeFCA, FSCA, CBI, CySEC, PFSA, ASIC, B.V.I FSC, FSA, ADGM, ISA24/5WebTrader, AvaOptions, AvaTrade App, Mac Trading, MT4, MT5, Automated TradingCredit/debit cards, Neteller, Skrill, Wire transfer, WebMoneyYes
FP MarketsFCA, FSCA, ASIC, CMA, CySEC, FSA24/7MT4, MT5, TradingView, cTrader, WebTrader, Mobile App, Copy TradingDebit/credit card, Neteller, Skrill, Bank transfer, Google Pay, Apple Pay Yes

Note: 80% of retail investor accounts lose money when trading CFDs with this provider.

Platforms Overview

Our team didn’t forget to factor in every trading platform’s fees and assets. We have been trading long enough to know that excessive charges are a trader’s worst enemy. They inflate costs and reduce returns. On the other hand, traders must interact with familiar assets for the best results.

The tables below will introduce you to some of the assets and fees offered by the best European trading platforms. Pay close attention.

Fees

Best Trading Platform in EuropeMinimum Deposit RequirementCommission/ SpreadsDeposits/ WithdrawalsInactivity Fee
Pepperstone€0From 0.0 pipsFree€0
eToro€100From 0%€5 withdrawal fee€10 monthly
Plus500*€100From 0%Free€10 monthly
AvaTrade€100From 0.13 pipsFree€50 after every 3 consecutive months of inactivity
FP Markets€100From 0.0 pipsFree€0

Note: 80% of retail investor accounts lose money when trading CFDs with this provider.

Assets

Best Trading Platform in EuropeStocksForexCryptoCommoditiesIndicesETFsOptions
PepperstoneYesYesYesYesYesYesNo
eToroYesYesYesYesYesYesYes
Plus500* (CFDs)YesYesYesYesYesYesYes
AvaTradeYesYesYesYesYesYesYes
FP MarketsYesYesYesYesYesYesYes

Note: 80% of retail investor accounts lose money when trading CFDs with this provider.

Our Opinion about European Trading Platforms

The best trading platforms are licensed and regulated by respected authorities like the FCA in UK. They are also transparent with their fees and charges. Additionally, these entities allow traders to get the most out of outstanding trading software solutions and elevate their experiences with exceptional tools.

With that in mind, here are 5 service providers that deserve to be called the best in Europe. Again, we’ve picked them after extensive tests, evaluations, and comparisons.

1. Pepperstone – Overall Best Trading Platform in Europe

Based on the outcomes of our exploration, Pepperstone is the overall best trading platform in Europe. Launched in 2010, Pepperstone gives hundreds of thousands of traders uncapped access to 1200+ tradable instruments, including over 90 currency pairs and countless CFDs on commodities, currency indices, and more.

Besides its impressive product offering, Pepperstone offers its users sharp spreads as low as 0.0 pips and free transactions. This broker also has a host of outstanding trading platforms, including TradingView, cTrader, and MT4/MT5.

Pepperstone is also a splendid trading platform because it does not require a minimum deposit and has a 24/7 customer support team.

Pepperstone

✔800+ instruments
✔No minimum deposit requirement

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4,260 User Reviews
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6,771 User Reviews
Pros & Cons
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Trading Assets

Pros

  • Stylish and user-friendly interface
  • No minimum deposit requirement
  • Razor accounts have low spreads starting from 0.0 pips
  • Third-party trading platforms like MT4 and MT5 are available
  • 24/7 customer support is provided
  • No inactivity fees

Cons

  • Higher spreads for Standard account holders
  • Limited educational tools and materials

We identified numerous fees and costs on Pepperstone. First, from our exploration, we discovered that Pepperstone users are subjected to spreads and commissions that vary depending on market conditions and account type. This platform has two accounts: Standard and Razor. Both are associated with different charges and conditions. For instance, Razor accounts only attract commissions when users trade CFDs on Forex.

Pepperstone also charges overnight funding, which kicks in when a trader holds a position in commodities, equities, indices, metals, or cryptocurrencies overnight after 5 p.m. New York Time. This broker’s overnight funding charges vary depending on different factors, including underlying TomNext rate changes.

But here’s the best thing you can derive from our Pepperstone broker review, especially where fees are involved. Pepperstone doesn’t charge account inactivity fees. Moreover, this platform doesn’t charge a single dime for deposits and withdrawals. Furthermore, this broker has no minimum deposit requirements.

The product offerings on Pepperstone didn’t disappoint. This broker allows traders to open a universe of possibilities with diverse assets. We saw over 800 CFDs on this platform, including:

  • Commodities: Pepperstone allows traders to trade a wide variety of commodities. Available options include cotton, coffee, sugar, orange juice, cocoa, and more. Precious products like silver, gold, palladium, and platinum are also offered. You can use any of these assets to diversify your portfolio and minimize risk exposure, especially during market turmoil. The best part is that Pepperstone’s commodities come with zero commissions.
  • Forex: Are you a forex enthusiast? Check out Pepperstone’s products; we did, and they were impressive. This broker has everything, from majors to minors and exotics. Moreover, the platform lets you dive into forex trading while enjoying competitive spreads and low commissions. That’s not all. While trading forex on Pepperstone, you get flexible leverage and high-quality execution.
  • Indices: Pepperstone’s trading platform is chock-full of tradeable indices. They offer you the golden opportunity to capitalize on the movement of 14 major global stock markets. Pepperstone’s indices have no hidden markups, re-quotes, or dealing desk.
  • Currency indices: Pepperstone gave us ample opportunity to profit from shifts in the value of different currencies against baskets of other currencies. The platform did that through currency indices.
  • Shares: Upon joining Pepperstone, you can go short or long on a variety of top US shares. Available options range from Alibaba and Boeing to Apple and Tesla. Note that you need MetaTrader 5 to trade shares on Pepperstone.

2. eToro – Best Trading Platform for Investors in Europe

As trading experts with years of experience, we encourage all traders to diversify their portfolios. You should never focus your resources on a single asset or market since, if things go south, you will incur significant losses.

With that in mind, when it comes to diversification, eToro is king. Unlike many of its peers, this trading platform caters to both traders and investors. While trading with it, you can diversify your portfolio with real shares, digital currencies, and ETFs. The best is that this broker allows its customers to invest in popular stocks without paying any commission.

We can’t forget to mention eToro’s crypto offering. With an eToro account, you can buy, sell, and trade 100+ cryptoassets. You can also stake crypto for rewards. eToro will only take a small percentage of your yield, so don’t worry about upfront staking fees.

eToro

✔ 5,000+ instruments
✔ Features social and copy trading

Visit site
{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.
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23,875 User Reviews
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139,000 User Reviews
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29 User Reviews
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162,904 User Reviews
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Trading Assets

Pros

  • Extensive asset category with 5,000+ securities
  • Unique investment options with commissions as low as 0%
  • Supports copy trading
  • Vibrant community of traders for social trading
  • 24/7 customer support
  • World-class academy and educational materials

Cons

  • €10 monthly inactivity fee
  • Joining the eToro club requires a minimum balance of €5,000

eToro doesn’t charge any account registration or deposit fees. We signed up and funded our account without incurring any costs. Of course, we had to adhere to eToro’s minimum deposit requirements, which vary depending on geographical location. For instance, the minimum amount you can deposit in your eToro account is $100 in the US or the UK. On the other hand, people in countries like Germany and Greece can deposit as little as $50. Visit eToro’s minimum deposit page to find out more.

That said, we encountered several eToro fees and expenses during our exploration, including:

  • A $5 fixed withdrawal fee: According to eToro, this fee is indispensable in covering international money transfer costs.
  • Currency conversion fees: All eToro accounts are USD-centered. If you fund your account or withdraw money using any other currency, expect to pay conversion fees. The charges vary depending on PIPs and payment methods. Luckily, traders can join the eToro club and enjoy significant discounts.
  • A $10 monthly inactivity fee: If you fail to log into your account for 12 or more months, you will incur a monthly $10 fee.
  • Crypto fees: eToro requires crypto investors to pay a 1% buy/sell fee. As an investor, you must also cover market spreads, which vary depending on market conditions. Transferring crypto to your eToro Money digital wallet also attracts a 2% fee. The crypto asset transfer fees are capped at 1$ minimum and a $100 maximum.
  • CFD spreads: Like many other brokers, eToro has CFD spreads that vary depending on assets and instruments.

eToro is chock-full of product offerings. From our exploration, we unearthed the following:

  • Stocks: We explored eToro’s stock offerings and encountered many juicy options commission-free. They include Apple, Microsoft, NVIDIA, and Meta.
  • Indices: After joining eToro, you can follow and invest in indices from multiple leading global markets. The indices on this platform vary from SPX500 to NASDAQ1OO and GER40. We recommend such indices to investors looking to diversify their portfolios and minimize risk exposure.
  • ETFs: eToro offers a wide variety of exchange-traded funds (ETFs). This platform has hundreds of ETFs, including popular options like SPY, VOO, INDA, and QQQ. The best thing about these products is that they are ready-made. Investing in them means you won’t have to spend time and energy cherry-picking assets individually.
  • Currencies: Our team discovered over 40 currency pairs on eToro. We tested a few popular options, including EURUSD, USDJPY, AUDJPY, USDCAD, and EURCAD. We also found numerous exotic pairs on this platform, such as EURHUF, USDTRY, EURPLN, and USDILS.
  • Commodities: eToro gives traders uncapped access to 40+ commodity markets, making it a superb platform for speculators or retail investors. Through this broker, you can trade and invest in commodities such as gold, oil, silver, corn, platinum, cocoa, and palladium.
  • Cryptoassets: eToro has 100+ vetted cryptoassets, including popular ones like Bitcoin, Ethereum, Solana, and XRP. You can buy, sell, and transfer most of these digital currencies to your eToro Money wallet.

3. Plus500 – Best Platform for CFD Traders in Europe

Plus500 is the best CFD trading platform in our books. We’ve traded with countless brokers, but when it comes to CFD trading, Plus500 is undeniably the pacesetter. This platform boasts 2800+ CFDs on popular instruments, including cryptocurrencies, indices, and currency pairs. That is a significantly higher number compared to what other leading brokers offer.

If you are a CFD trading novice, you can start your journey at Plus500’s trading academy and practice with a free demo account before diving in with real funds. On the other hand, if you are seasoned, you can open a professional Plus500 account and use it to trade CFDs. A professional account comes with diverse perks, from higher leverages of up to 1:300 to negative balance protection and cash rebates.

We also recommend Plus500 to CFD traders because this platform offers 24/7 customer support, tight spreads and free transactions. Plus500CY Ltd authorized & regulated by CySEC (#250/14).

Note: 80% of retail investor accounts lose money when trading CFDs with this provider.

Plus500

✔Available in 50+ countries
✔Easy account registration and setup

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80% of retail investor accounts lose money when trading CFDs with this provider.
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13,461 User Reviews
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101,000 User Reviews
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115,063 User Reviews
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Pros

  • Simple, beginner-friendly interface
  • Free deposits and withdrawals
  • Helpful support representatives are available 24/7
  • A professional account with additional perks available
  • Guaranteed Stop Loss supported

Cons

  • €10 monthly inactivity fees
  • Higher currency conversion fees compared to its peers

One thing we love about Plus500 is that the platform offers most of its services without charging a dime. Moreover, the company practices optimum transparency regarding any costs or charges. While trading on Plus500, we enjoy free deposits and zero internal withdrawal fees.

However, we had to incur reasonable charges, courtesy of the buy/sell spreads. The good thing is this broker lets you choose between dynamic and fixed spreads. We preferred fixed spreads since they allowed us to minimize risk during high volatility periods, especially when we were trading with smaller stakes. But, if you are a fan of swing trading and often deal with higher balances, you can check Plus500’s variable spreads. And don’t worry about paying commissions because Plus500 supports commission-free trades.

Depending on your trading activities on Plus500, you may also incur the following fees and costs:

  • Overnight funding: If you open a position and fail to close after a specific cut-off time, otherwise known as the Overnight Funding Time, Plus500 may add or subtract a certain amount of overnight funding from your account. Plus500 uses this formula to determine the exact amount of overnight funding to charge you: Trade Size x Position Opening Rate x Point Value x Daily Overnight Funding %.
  • Currency conversion fee: While trading on Plus500, you will incur currency conversion charges every time you dabble with an instrument whose currency denomination differs from your trading account’s currency. During our test, Plus500’s currency conversion fee was up to 0.7% of each trade’s net profit and loss.
  • Guaranteed stop order: Plus500 has a unique order type that guarantees the stop loss level even in highly volatile markets. You can use it to minimize losses and maximize returns, but it’ll cost you money. The fee comes in the form of a wider spread.
  • Inactivity fee: Suppose your Plus500 trading account stays dormant for over three months. Your company will charge you up to $10 per month. This fee enables Plus500 to cover the costs of maintaining your inactive account.

Plus500 primarily supports CFD trading. Therefore, this broker allows traders to speculate on the price movements of specific assets without owning them. Presently, this broker offers over 2800 CFD-related financial instruments, including:

  • Shares: Plus500 allows traders to invest in shares from numerous countries, including the US, the UK, South Africa, Spain, Singapore, Hong Kong, and Australia. The most popular options include NASDAQ, NVIDIA, Apple, Tesla, Netflix, and AMEX. Through this platform, you can also trade share CFDs from top cannabis companies like Canopy Growth, Aurora Cannabis, and Tilray Brands.
  • Forex: If you are a forex enthusiast, trading with Plus500 will allow you to invest in over 60 currency pairs. They include popular choices like EUR/USD, EUR/ GBP, GBP/USD, USD/CAD, and AUD/USD. Exotic pairs such as NZD/CAD, NZD/CHF, and CHF/DKK are also supported by this platform. Plus500 allows users to trade FX pairs from Monday at 08:00 Sydney time to Friday at 16:00 New York Time.
  • Cryptocurrencies:  You can trade crypto CFDs on Plus500. While trading crypto, you get up to 1:2 leverage. Unlike many other products on this platform, crypto trading is available 24/7. Not to forget, Plus500 gives you everything you need to interact with digital currencies. You don’t need to get a unique digital wallet or use an exchange account.
  • Indices: If you want to trade popular indices like US-TECH 100, France 40, and S&P 500, Plus500 should be your go-to broker. This platform supports all these indices and more. Moreover, it allows indices traders to enjoy leverages of up to 1:20.
  • Options: Plus500 allows investors to trade options with up to 1:5 leverage. The platform supports many options, including Natural Gas, the S&P 500, the US-TECH 100, NVIDIA, VIX, and ARM. Meta, German 40, and oil are also available on the platform.
  • ETFs: If you’re an ETF trading enthusiast, Plus500 offers you the opportunity to dive into the market with up to 1:5 leverage. And you can get started with as little as $100. Available ETFs range from USO-Oil Fund and GLD Gold to NUGT and VOO.
  • Commodities: Commodities are plenty on Plus500. You can choose anything that tickles your fancy, be it natural gas, oil, heating oil, silver, gold, or aluminum- the list is endless. While trading your favorite commodities, Plus500 allows you to exploit up to 1:20 leverage.

4. AvaTrade – Best Platform for Beginners in Europe

Are you new to online trading? AvaTrade is here to help you grow into a skilled trader. We consider AvaTrade the best trading platform for beginners Europe since this broker has a program known as Ava Academy. It has free online trading courses that can help you transition from a novice to a knowledgeable trader. All you have to do is sign up with Ava Academy, choose a fitting course, and start learning.

After educating yourself, test yourself with AvaTrade’s demo account, which comes with €100,000 virtual. Then, transition to this broker’s beginner-friendly live trading platform. You can use any software you prefer, including MT4, MT5, and WebTrader. Additionally, you can use your AvaTrade account to trade popular crypto like Bitcoin and Ethereum or CFDs on stocks, commodities, and more.

AvaTrade

✔Low minimum deposit requirement
✔Features automated trading on its copy trading platform

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8,669 User Reviews
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10,300 User Reviews
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24 User Reviews
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Our Rating
Total Rating:
18,993 User Reviews
Pros & Cons
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Trading Assets

Pros

  • Offers top-range educational courses and tutorials
  • Well-designed, user-friendly platform interface
  • Outstanding platforms like MT4 and MT5 are available
  • Supports social trading through AvaSocial
  • Prompt customer support

Cons

  • High inactivity fees
  • Wire withdrawals can take up to 10 days to be processed

AvaTrade charges low fees for trading and non-trading services. When we started with the broker, we found the first deposit requirement of $100 or its equivalent to be low. Plus, all deposits and withdrawals at AvaTrade are free.

Commissions and spreads at AvaTrade are also low in our opinion. For instance, trading forex attracts low fees from 0.9 pips on major currency pairs. We also tried trading stocks and incurred low charges from 0.2 pips.

On the downside, AvaTrade charges a high inactivity fee of $50/£50/€50. This depends on your account currency. The fee applies should your account remain inactive for over three months. Plus, there is an annual administration fee of $100/€100/£100 after 12 months of inactivity. Other fee to expect with this broker is overnight charges for positions left overnight. Its margin rates are also low, from 3.33%, depending on your jurisdiction.

It is important to note that while AvaTrade offers social trading, accessing this feature via the DupliTrade and ZuluTrade platforms can be costly for low-budget traders. You are required to deposit at least $2,000 for DupliTrade and $200 for ZuluTrade platforms.

At AvaTrade, we explored over 1250 CFD instruments across multiple asset classes. We like this element, as it will make it easier for you to diversify your portfolio on a single platform. Let’s explore AvaTrade’s featured securities below.

  • Forex: AvaTrade lists over 50 currency pairs, including major, minor, and exotic.
  • Commodities: AvaTrade offers over 19 CFD commodities, including crude oil, gold, copper, natural gas, and more.
  • Cryptocurrencies: Enjoy 20+ crypto tokens at AvaTrade. Popular examples include Bitcoin, Litecoin, Solana, Dogecoin, and more.
  • Stocks: You will trade over 600 stocks, including prominent companies like Tesla, Netflix, Apple, Google, and more.
  • Indices: Over 30 stock index CFD assets are also available at AvaTrade.
  • ETFs: For ETF traders, this broker exposes you to over 60 options, all of which you can trade at low spreads.
  • Bonds: When it comes to bonds, AvaTrade only offers two options, including EURO-BUND and JAPAN GOVT BOND.

This broker only supports forex and CFD trading instruments. This means that you cannot use AvaTrade to buy an asset and take full ownership.

Before engaging in CFD trading, understand that the activity carries risks. Over 76% of retail traders lose money in this venture. Therefore, understand what CFD trading is and the risks that come with it before investing your hard-earned money.

5. FP Markets – Best Platform for Forex Trading in Europe

Founded in 2005 in Australia, FP Markets is a popular trading platform with over 60+ currency pairs. As a forex trader, you can open a new FP Markets account today and trade everything from majors like GBP/USD to exotics like EUR/TRY. The best part is that the forex market is open 24 hours a day, so you can trade whenever you please.

We also recommend FP Markets to forex traders because this broker has rock-bottom spreads as low as 0.0 pips. Moreover, you can contact this platform’s award-winning support team at any time of the day or night if you face any issues while trading. Its representatives are available 24/7, ready to serve you in any language you prefer, from English and German to French and Greek.

Lastly, you should consider trading forex with FP Markets since the platform doesn’t charge deposit, withdrawal, or inactivity fees.

FP Markets

✔Free deposits and withdrawals
✔No inactivity fees

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6,624 User Reviews
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0 User Reviews
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0 User Reviews
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Our Rating
Total Rating:
6,624 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Exquisite, beginner-friendly user interface
  • Zero transaction and inactivity fees
  • Superb trading platforms like MT4, MT4, and TradingView are available
  • Tight spreads from 0.0 pips
  • 24/7 multilingual support

Cons

  • Fewer FX pairs compared to other industry leaders
  • Primarily focused on forex and CFD trading

The outstanding perks of using FP Markets include free deposits or withdrawals. This broker goes above and beyond by covering all internal bank fees arising from international transfers. Moreover, you can start your journey with a free demo account before switching to a live account. Keep in mind that FP Markets’ minimum deposit requirement is $100.

The other commendable thing is this broker has reduced non-trading costs and charges. Take inactivity fees as an example. Unlike many of its peers, FP Markets doesn’t penalize dormant accounts. So, you can stay logged out of your account for as long as you like without fretting over accumulating fees.

That said, we encountered numerous other FP Markets fees and costs. Although you can open a Standard account, which comes with 0 commissions, you’ll still face variable spreads, starting from 1.0 pips. On the other hand, IRESS, FP Markets’ sophisticated premium platform, has commissions that vary depending on geographical location. IressTrader/ ViewPoint also has a mandated $60 fee. Luckily, there are free alternatives like MT4 and MT5, which have no platform fees.

FP Markets lets its clients pick their favorite assets from over 10,000 tradable instruments. This broker mainly deals with CFDs, which let you trade and capitalize on price movements in different markets. But you can also trade forex here.

Below is a comprehensive list of all FP Market’s product offerings:

  • Forex: You can trade Forex with FP Markets and access 70+ currency pairs, flexible leverages of up to 500:1, and minimum spreads of up to 0.0.
  • Shares: FP Markets offers you the opportunity to trade 10,000+ Australian and international share CFDS. The share CFDs come from different markets, including London, Amsterdam, and Hong Kong.
  • Metals: If you’d like to trade metal CFDs, try FP Markets. This broker gives you access to tradeable CFDs related to precious metals like gold, silver, and palladium.
  • Indices: Various index CFDs are supported by FP Markets. They range from EUREX TO NASDAQ 100 and S&P 500.
  • Commodities: FP Markets allows you to diversify your portfolio by trading commodities CFDs. You will get uncapped access to CFDs related to diverse commodities, including gold, silver, and oil.
  • Cryptocurrencies: With an FP Markets account, you can trade crypto CFDs whenever you like. The platform supports popular digital currencies, including Bitcoin, Ripple (XRP), and Ethereum.
  • Bonds: Bond trading is available on FP Markets. It’s a fitting option for traders who prefer dealing with lower-volatility markets.
  • ETFs: The FP Markets trading platform offers a wide variety of ETFs, including ACWI, EEM, and QQQ.

Online Trading in Europe

The European Commission has crushed most online barriers, making it possible for Europeans to easily access products and services offered by entities like trading brokers. That is why you can easily trade online today. But should you be doing it?

The shortest is yes, provided you’re okay with the associated risks. You won’t be in trouble with the law since online trading is legal in Europe and regulated by NCAs like the FCA, CySEC, and the MFSA. What’s more, you can trade with your country’s local fiat. But you must be at least 18 to trade with a European trading platform.

Also, note that most jurisdictions require online traders to pay taxes. For instance, forex traders are subjected to Capitals Gains Tax in the UK, France, and Germany. Check your country’s local ordinances for exact mandates. You should also consult with an experienced tax advisor if possible.

How to Choose the Right Trading Platform in Europe

Since so many online trading platforms are available, finding and choosing the right one can be problematic. Unfortunately, you can’t risk trading with any broker you come across because there are many sub-standard entities that expose you to significant issues like financial loss, scams, and frequent downtime. That is why you should be extra cautious and vet every service provider based on the following:

Licensing and regulation
Fees and costs
Trading tools and platforms
Customer feedback and testimonials
Financial Instruments

You should consider licensing first while looking for the best trading platform Europe. For your safety and the security of your assets, interact with brokers authorized by reputable national authorities like CySEC and FCA. This authority is dedicated to protecting European traders and investors. You should also prioritize trading platforms regulated by additional authorities like the FCA and CySEC.

High fees and hidden costs are detrimental to your primary objective as a trader- generating profits. Before opening a trading account, you should review a broker’s fee structure and policies. Keep an eye out for expenses associated with trading, account maintenance, transactions, education, etc. You should also ascertain if the broker has hidden costs, like government-imposed fees they pass on to traders.

You may have a selection of trading platforms that you prefer. If that is so, before committing to a specific broker, check if it supports your favourites. That is indispensable, more so where third-party software is involved. Remember, so brokers have proprietary platforms exclusively. Also, determine if your chosen trading platform has the technical and analysis tools you use, like Expert Advisors, oscillators, and strategy testers.

Not all trading platforms are trustworthy. Fortunately, you can easily isolate the good from the bad through online feedback. The best online trading platform Europe should have consistent positive ratings and reviews on different sites, from Google Play to the App Store and Trustpilot. Avoid service providers with multiple repeated complaints.

Since limiting your trading activities to a single instrument is risky, look for a broker who supports diversification with a wide range of assets. You should also check the liquidity of available options since instruments you can sell and buy an asset with high liquidity and vice versa. Most importantly, check if the broker has your preferred securities before opening a new account.

How To Register an Account with a Trading Platform Europe

You can’t trade with a regulated platform without a verified account. Regulations require new traders to sign up and provide crucial information and documentation before they’re allowed to trade. So, this step is mandatory. But it’s not complicated. You just have to follow the process below and, most importantly, submit factual personal details and valid documents.

Step 1: Visit the broker’s website
Step 2: Sign up
Step 3: Verify your identity
Step 4: Make a deposit
Step 5: Trade

Use the tips outlined here to pick the ideal broker. Then, visit your broker’s official site. Once you’re there, recheck everything, from available instruments to supported software, before you start the registration process. Also, read all terms and conditions. After doing all that, you can now proceed to the second step. If you want to trade on the go, look for the mobile app and download it.

Your broker should have an online application form that’ll pop up once you hit the sign-up button. Fill it out with every necessary detail, from your email address to your name, date of birth, and contact details. Use the correct information because your broker will verify it. If anything is off, your application will be rejected. Not to forget, you’ll need to set up a strong password to protect your account and resources. Avoid using typical details like your pet’s name as your password.

Regulated brokers ask for different verification documents. First, they require applicants to verify their identity with a copy of their ID, passport, or driver’s license. They also ask for documents that show where traders live, including card statements and utility bills. Provide accurate and valid verification documents to avoid issues like rejected applications or future account suspension.

Your application should be verified within a few minutes or hours, depending on your broker. Wait for everything to go through, then fund your trading account. Don’t forget to adhere to your service provider’s minimum deposit requirements. Last but not least, use a payment method that your broker supports. If you can find an option with free deposits, use it to reduce costs.

After making a successful deposit, select an asset and start trading. But be warned; this is a risky activity. You should budget carefully and dedicate what you can afford to lose to trading. Also, before risking any funds, assess your financial situation. There are guaranteed profits in trading. If you’re in a bad financial situation, seek stability elsewhere before interacting with any trading platform.

Conclusion

We’ve placed a brief list of the best trading platforms in Europe at your fingertips. The only thing left is picking an option guaranteed to help you shoot for the stars. That said, if you are new to trading, acquire sufficient knowledge and practice with virtual funds in a demo account before interacting with a live account.

Once you start trading with a live account, stick to your strategies, be disciplined, and avoid chasing trades. 

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Thadeus Geodfrey

Thadeus Geodfrey is a leading voice in the financial industry. You’ll appreciate the expert ease with which he does this. He deciphers the intricate link between emotions and behavior in trading and investment. With extensive experience as a senior trading writer, Thadeus imparts his knowledge and confidence to guide your trading boat. He’ll make you conquer your fears, break barriers, and capitalize on every potential opportunity. Follow his pieces and develop your knack for trading.