The best broker is not universal. A beginner making one monthly ETF purchase has different needs from an experienced investor using multiple currencies and markets.
OUR METHODSources → assumptions → European context → verdict
The shortlist from the series
The published broker week reviewed Trade Republic, DEGIRO, XTB, Scalable Capital, Trading 212 and Interactive Brokers.
Compare total cost
Commission is only one line. Include FX spreads, custody, withdrawal, inactivity and transfer fees as well as ETF savings-plan pricing.
Check the safety structure
Regulation, segregated custody, cash protection and investor-compensation rules matter more than interface design.
- Who regulates the broker?
- Are securities held in segregated custody?
- Where is uninvested cash held?
- Can positions be transferred out?
- Which compensation regime applies?
Match broker to stage
Automation and simplicity may dominate for a beginner. Market breadth, multi-currency support and transfer flexibility become more important as a portfolio grows.
Educational illustration only—not personal financial, tax or investment advice. Tax, salary, broker and market figures change; verify current local information before acting.