Is Etrade available in the UK and the EU? Alternatives here! (2022)

Franklin Carneiro da Silva| Updated September 22nd, 2022

Is Etrade available in the UK and the EU? Alternatives here! (2)

Etrade UK and Europe – Expansion Plans and Alternatives

Until 2013, Etrade was operating in the UK and EU through its subsidiary E*Trade Securities Ltd. Etrade has since shut down much of its operations in Europe and the UK as the company decided to sharpen its focus on its core US business. So, unfortunately, Etrade is no longer available in many European countries like the UK or Ireland (save for the exceptions mentioned below).

At the time of Etrade’s withdrawal from Europe, concerns about the euro zone’s sovereign debt crisis and the global economy reduced trading activity by UK investors and those in other parts of Europe. Since it already represented a small fraction of E*TRADE’s total trades and revenues, the company’s decision to cease operations in those regions wasn’t a difficult one.

As of this writing, you may open an E*TRADE account in France, Germany and some other European countries (E*TRADE only gives you this information upon request). However, you must submit apaper version of the application formand a copy of your passportvia fax or regular mail(there is no e-mail option or other online option), making it costly, complex and not worth it, in our view.

But don’t despair. We believe you are well-served by plenty of existing European alternatives, and this article will help you find the right one.

How did Etrade reach stardom?

It all started in 1982 (yeah, 39 years ago!) in Virginia, US. It has been through major economic crises, financial bubbles, and political instability and got away pretty easily, so it does not admire the reputation that it has achieved so far.

E*TRADE, which Morgan Stanley acquired at the beginning of 2020 (more info here), offers an electronic trading platform to trade financial assets, including stocks, ETFs, futures contracts, options, mutual funds and fixed-income investments (bonds). While better known for these easily accessible investment services, it also offers online banking, advisory, and other cash-management services.

(Video) Which Investing Platform To Use Outside The USA?

In Europe,we can find no comparable one-stop shop for all these services, but that’s not why you’re here.

You’re here to learn about low or zero-commission trading platforms such as E*TRADE and its US competitors (Webull, Robinhood, TD Ameritrade). Your bank takes care of everything else.

So read on. We’ve got your back!

UK and EU alternatives to E*TRADE

The following options are based on our due diligence in this field and we believe that they are the best ones available in the UK and EU markets. We used some criteria such as top-tier regulators (FCA), customer feedback, platform ease-of-use, accessibility for UK and EU investors, and, of course, costs.

eToro

Commission-free stock and ETF trading. You can also copy other traders/investors. Check our eToro review.
Disclaimer: 78% of retail CFD accounts lose money when trading with this provider.

Interactive Brokers

Founded in 1978, IBKR is one of the world’s most trustworthy brokers. It offers an enormous range of financial products (stocks, ETFs, Options,…), and low currency conversion fees (FX fees). Check our Interactive Brokers review.
💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors.

Capital.com

A 0% commission platform that provides low overnight fees, tight spreads, and no currency conversion fees! With access to over 6,100 markets, It offers stocks and ETFs plus CFD trading in indices, shares, cryptos, commodities and Forex. Check out our fullCapital.com review.
Disclaimer: 81.40% of retail CFD accounts lose money when trading with this provider.

Nextmarkets

Recent commission-free broker with no currency conversion fees. Besides, you have access to “curated investing” (similar to social trading) – Not available in the UK. Check our Nextmarkets review.
Disclaimer: 56.65% of retail CFD accounts lose money when trading with this provider.

DEGIRO

One of the leading online brokers in Europe due to the low-cost structure. It offers commission-free stock and ETF trading. Check our DEGIRO review.
Disclaimer: Investing involves risk of loss.

Etrade Europe Alternatives

1# eToro

Is Etrade available in the UK and the EU? Alternatives here! (3)

Visit eToro

78% of retail CFD account lose money.

eToro at a glance

0% Commissions

Mobile App

ProductsCFDs, ETFs, Stocks, Commodities, Forex, and Cryptocurrencies

Minimum Deposit$50 (it varies between countries – 10$ in the UK)

RegulatorsCySEC, FCA, and ASIC

(Video) Best Investing Apps Europe | 2022

eToro has been a leader in the global Fintech revolution. It is the world’s leading social trading network, with over 14 million registered users and an array of innovative trading and investment tools. You can trade by yourself, follow other traders, discuss ideas, and even mimic successful trading strategies.

The online platform is intuitive, allowing one to navigate the PC version or the mobile app smoothly. It offers many different financial instruments to trade, such as CFDs, ETFs, stocks, commodities, Forex, and cryptocurrencies. eToro provides 0% commission on stocks and ETFs (not all ETFs are commission-free). The spreads on CFDs may vary according to each financial product, so keep that in mind before placing an order.

The account opening process is pretty easy and fast. You only need a couple of minutes to sign up and follow the identification procedure. Moreover, if you are not yet comfortable with investing, eToro provides you with a practice account.

eToro is considered safe since top-tier financial authorities regulate it like the Financial Conduct Authority (FCA), and it has shown resilience during the Covid-19 market turmoil.

On the negative side, it only has one account base currency (USD) and charges a $5 commission per withdrawal you decide to make. Plus, cost-free trading only applies when you trade real stocks or ETFs. In other words, if you leverage your positions, you’re trading CFDs and not real stocks or ETFs, and so you will incur spreads and overnight fees.

If you are interested, please read our eToro Review.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2# Interactive Brokers

Is Etrade available in the UK and the EU? Alternatives here! (4)

Visit Interactive Brokers

Interactive Brokers at a glance

0% Commissions

Mobile App

ProductsStocks, Bonds, ETFs, Forex, Funds, Commodities, Options, Futures, CFDs and Cryptos

Minimum Deposit€0

RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB

Founded in 1978 and publicly listed in NASDAQ (ticker: IBKR), Interactive Brokers is a global online broker which surpassed major financial crises, showing resilience and a rigorous risk management process.

Interactive Brokers offers an advanced investment platform that includes a wide range of products (stocks, options, mutual funds, ETFs, cryptocurrencies, futures, bonds, and currencies) from 150 markets, solid trade execution (Smart routing), and a set of technical and fundamental tools to help you in your investment decisions.

Beginners and intermediate investors have educational tools to explore, but the learning curve will be steep. That´s why we mainly endorse it to more advanced traders. Besides, the customer service gives crystal clear answers to your doubts, so there is no need to go back and forth.

On the downside, Interactive Brokers’ fee structure is quite complex, the registration process is lengthy, and the broker doesn’t offer commission-free trading. However, when considering FX fees, narrower spreads, and the stock loan program, Interactive Brokers’ clients still get significant savings compared to most brokers.

Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to tradeStocks, Options and ETFs, ideal for beginner investors. Some of the features of IBKR GlobalTrader include automatic currency conversions, fractional shares, demo account, and more.

Want to know more about Interactive Brokers? Check ourInteractive Brokers Review.

Etrade Europe Alternatives

3# Capital.com

Is Etrade available in the UK and the EU? Alternatives here! (5)

Visit Capital.com

81.40% of retail investor accounts lose money.

Capital.com at a glance

0% Commissions

Mobile App

ProductsStocks, ETFs and CFDs in indices, shares, cryptos, commodities and Forex

Minimum Deposit€20

RegulatorsFCA, CySEC, ASIC and NBRB

Founded in 2016, Capital.com is a fintech group of companies committed to building the world’s best trading experience. They utilise AI-enabled technology and integrations with the likes of Trading view to offer a unique trading experience.

With 500,000+ active users, Capital.com is a commission-free broker in stocks, ETFs and CFDs in indices, shares, cryptos, commodities and Forex. The only charges you will notice are spreads (the difference between the buy and sell prices) and overnight fees (only if you have leveraged positions).

The trading platforms on desktop and mobile are highly customised to your individual trading preferences. You have access to news feeds, extended trading hours and a wide range of orders types. Investors also have lots of educational content to explore, the minimum deposit is only €20 (except for a wire transfer: €250), and the customer service is available 24/7 through different channels (live chat, e-mail, WhatsApp, Facebook Messenger,…).

Besides, Capital.com is supervised by top tier regulators such as FCA, CySEC, ASIC and NBRB. You are under Investment Protection Schemes, Negative Balance Protection, segregated funds, two-factor authentification and data protection.

On the downside, stock and ETF trading is not available in all countries, the platform does not offer Options or Bonds, and it may be overwhelming for beginners.

Want to know more about Capital.com? Check ourCapital.com review.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.40% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

(Video) I Called an Investment Scam - Here is What Happened

Etrade Europe Alternatives

4# Degiro

Degiro at a glance

0% Commissions

Mobile App

ProductsStocks, Funds, ETFs, Futures, Leveraged Products, Bonds, and Warrants

Minimum Deposit€0

RegulatorsAFM, DNB

Founded in 2013, Degiro is a low-cost brokerage firm that has become very popular due to its low rates! With almost 2 million users, the innovative platform has become widely known for its “do-it-yourself” philosophy in the sense that you have everything at your disposal to start investing on your own. It offers a wide range of financial assets to trade, including stocks, ETFs, bonds, options, futures contracts, warrants, investment funds, and some leveraged products (not quite the same as CFDs. More info here).

For instance, you can trade some stocks and ETFs for free (a €1.00 flat handling fee – external costs – still applies). You also have a list of 200 ETFs where you may trade once a month completely free with no minimum amount required. The web trading platform is basic, but it is efficient and straightforward to use. In a matter of minutes, you get used to it. The same applies to its mobile app. On the downside, there is an absence of any significant fundamental research, a €2.50 connectivity fee applies and pricing alerts are missing.

Regarding security, Degiro is the Dutch branch of flatexDEGIRO Bank AG (a German regulated bank). In the unlikely event that the segregated assets cannot be returned to clients, Degiro falls under the German Investor Compensation Scheme, which compensates any losses from non-returned assets up to 90% (with a maximum of €20,000), so do bear this in mind if you are planning to invest much larger volumes. Furthermore, any money deposited on a DEGIRO Cash Account with flatexDEGIRO Bank AG will be guaranteed up to an amount of €100,000 under the German Deposit Guarantee Scheme.

(Video) The BEST INVESTING Apps for EUROPEANS !

Still any doubts? Go through our Degiro Review!

Etrade Europe Alternatives

5# Nextmarkets

Is Etrade available in the UK and the EU? Alternatives here! (7)

Visit Nextmarkets

56.65% of retail CFD account lose money.

Nextmarkets at a glance

0% Commissions

Mobile App

ProductsShares, ETFs and CFDs on shares, ETFs, indices, forex, bonds, cryptocurrencies, and commodities.

Minimum Deposit€1

RegulatorsMFSA, FCA, BaFin

Founded in 2014, Nextmarkets is an online broker well-tailored for those with a basic understanding of the financial markets. It has a very intuitive and hassle-free mobile app. You can invest in financial products such as shares, ETFs and CFDs on shares, ETFs, indices, forex, bonds, cryptocurrencies, and commodities.

In addition to the “Do-it-yourself” segment, Nextmarkets sets itself apart from its competitors because it offers “curated investing”. You have probably heard about social trading, where you follow other peoples’ trades. Nextmarkets wants to take the idea of social trading further by allowing you to benefit from the experience of proven experts (called “coaches”) and stock market professionals.

The fee structure is also unique: you only pay spreads. So, there are no fees on deposit, withdrawal, inactivity, currency conversion fees and even no overnight fees in CFDs (something not usual in most brokers). On the downside, the web platform is quite “buggy”, you have no educational materials, and there is a €1 commission for orders below €250.

Nextmarkets Trading Ltd, the legal name of Nextmarkets, is registered in Malta and, consequently, authorised and regulated by the Malta Financial Services Authority (MFSA). You are protected up to a maximum of €20,000 on your money and assets.

If you want to learn more, check ourNextmarkets Review.

Which broker should I use?

Ask yourself: what are my needs as an investor? Are low commissions my priority or a robust online platform? Does a range of products matter to me or am I just looking for a particular financial instrument?

We believe most brokers cover the basics that let you start investing, but you should prioritise the importance you give to each of these factors.

We hope we made a useful contribution to your investment journey! Remember that investing requires prior research and a focus on building a diversified portfolio, to spread your risk and ultimately ensure that your money is put to good use.

The best online broker in your specific case will depend on your profile, preferences, and objectives. Explore the websites mentioned above and decide for yourself.

Remember that while this article is meant to be informative, it should not be construed as investment advice.Investorsshould do their own research and due diligence about the services and opportunities best suited for their risk, return, andimpactstrategies.

We hope we helped you, and please leave your comments below.

Franklin Carneiro da Silva

Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

Is Etrade available in the UK and the EU? Alternatives here! (8)

(Video) Best Stock Brokers in Europe

Is Etrade available in the UK and the EU? Alternatives here! (9)

FAQs

Is Etrade available in UK? ›

Etrade has since shut down much of its operations in Europe and the UK as the company decided to sharpen its focus on its core US business. So, unfortunately, Etrade is no longer available in many European countries like the UK or Ireland (save for the exceptions mentioned below).

Does Etrade operate in Europe? ›

E-Trade operates a brokerage business in Sweden, Britain, Denmark and Germany.

Does Etrade allow international trading? ›

One difference between the two is that TD Ameritrade offers foreign exchange trading in 70 currency pairs, while E*TRADE does not offer foreign exchange trading. TD Ameritrade also provides traders access to international stocks, while E*TRADE does not.

Can I use Etrade in Germany? ›

E*Trade Group is continuing its expansion into the European marketplace with the launch of an online broking operation in Germany. The German outpost provides real-time trading in national stocks, bonds and warrants as well as US equities on all major US exchanges using a multi-currency trading account.

What countries does Etrade work in? ›

Discover our country profiles on the digital economy!
  • AFGHANISTAN.
  • ALBANIA.
  • ALGERIA.
  • ANDORRA.
  • ANGOLA.
  • ANTIGUA AND BARBUDA.
  • ARGENTINA.
  • ARMENIA.

What are the best trading platforms in the UK? ›

Best UK Trading Platforms for 2022
  • IG - 4.5 stars - Best overall.
  • Interactive Brokers - 4.5 stars - Best for research and professionals.
  • FinecoBank - 4.5 stars - Excellent pricing.
  • Trading 212 - 4.5 stars - Easy to use.
  • Saxo Markets - 4 stars - Best online trading platform.
  • Freetrade - 4 stars - Cost and simplicity.
16 Sept 2022

What is E-Trade now called? ›

E*TRADE is the pioneer of online trading for retail investors and now part of Morgan Stanley, a leading global financial services firm renowned for the quality of its wealth management, investment advisory services, research, and market insights.

Can non US citizens open an E-Trade account? ›

The rules vary widely based on the nationality of the person wanting the account, so again, customers will need to contact E-Trade with their particulars to get a detailed answer. TradeKing requires investors, including U.S. citizens, to be U.S. residents to establish the account.

How can I trade options in the UK? ›

There are three ways to buy and sell options in the UK:
  1. Trade options with spread betting. A spread bet on options will mirror the underlying option trade. ...
  2. Trade options with CFDs. As with spread bets, when you trade options with CFDs, your trade mirrors the underlying options trade. ...
  3. Trade options with a broker.

How can I buy US stocks in Europe? ›

The easiest way to invest in European stocks is through American depositary receipts (ADRs) or exchange-traded funds (ETFs). These investment vehicles handle all the currency conversions and buy the foreign stocks.

What is better than ETRADE? ›

Is TD Ameritrade better than E*TRADE? After testing 15 of the best online brokers over six months, TD Ameritrade (95.41%) is better than E*TRADE (92.52%). TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners and reliable customer service.

What is the difference between Robinhood and ETRADE? ›

Trading Technology

Neither broker offers backtesting of trading strategies. E*TRADE offers portfolio margining while Robinhood does not, but Robinhood allows for fractional share trading that E*TRADE only offers in its dividend reinvestment and robo-advisor offerings.

Which is the best trading app in Germany? ›

The list of best trading apps in Germany include:
  • eToro.
  • Trade Republic.
  • Onvista.
  • Smartbroker.
  • Comdirect.
  • Degiro.

What is the best trading platform in Germany? ›

eToro just made it to the list in fifth place.
BrokerScore
#1Interactive Brokers4.9
#2DEGIRO4.9
#3Saxo Bank4.8
#4XTB4.7
1 more row

Which trading platform is best for beginners UK? ›

Top Online Trading Platforms (UK 2022)
Service ProviderRatingSign up
1. eToro★★★★★Open Account
2. Pepperstone★★★★★Open Account
3. IG★★★★★Open Account
4. Interactive Investors★★★★★Open Account
1 more row
4 Sept 2022

What happened to E-Trade? ›

All E*TRADE Bank accounts, including Checking, Max-Rate Checking, and Premium Savings Accounts, are now held at Morgan Stanley Private Bank. You should continue using the same log-on information to access your accounts on etrade.com, the E*TRADE mobile app, and the Power E*TRADE platform and app.

What bank does E-Trade use? ›

ETRADE Footer

Banking products and services are provided by Morgan Stanley Private Bank, National Association, Member FDIC.

Who bought out E-Trade? ›

Axos Financial is buying E*Trade Advisor Services (EAS), the registered investment advisor custody business acquired by Morgan Stanley in 2020 as part of its $13 billion takeover of E*Trade, in a $55 million all-cash deal, according to an announcement made Tuesday.

What stock broker should I use UK? ›

XTB just made it to the list at number five.
BrokerFee score
#1Interactive Brokers4.5
#2DEGIRO4.6
#3Saxo Bank3.4
#4eToro4.4
1 more row

How do I trade US stocks in the UK? ›

Steps to buying US shares in the UK
  1. Compare different brokerage accounts to decide which one best suits your investing habits and platform needs. ...
  2. Open a stocks and shares brokerage account with your broker of choice. ...
  3. Fill out your W-8BEN form. ...
  4. Pick the US shares you want to buy. ...
  5. Buy the US shares.
11 Feb 2022

Is Robinhood available in UK? ›

US stock trading platform Robinhood is known for being the low-cost app of choice among millennial traders in the US and it may be the most widely recognised online broker today — but you can't access it in the UK.

How long does it take to transfer money from E-Trade to bank account? ›

Transfer money electronically: Up to 3 business days. By check: Up to 5 business days. By wire transfer: Same business day if received before 6 p.m. ET. Transfer an account: Electronically - 10+ business days. Mail - 3 to 6 weeks.

Does E-Trade charge to withdraw money? ›

We have good news for you: basic withdrawal at E*TRADE is free of charge.

How much money is in average E-Trade account? ›

E-Trade clients, many of whom are hands-off, do-it-yourself-type investors, have a $69,000 average account size. Morgan Stanley clients have an average $175,000.

Can a foreigner have an E-Trade account? ›

Yes, a foreigner can open a U.S. trading account through a US-based online stock broker, but it would require additional documentation to comply with U.S. regulations. Some of the extra paperwork include proof of identity, tax documents, and sometimes, visa information.

Can I keep my E-Trade account if I move overseas? ›

There is no U.S. law that says American expat brokerage accounts must be frozen or shut down when moving abroad. The decision to freeze an account is an internal financial institution policy.

Can I transfer money from E-Trade to my bank account? ›

Transfer Money is a free online service that allows you to move money between your E*TRADE and/or Morgan Stanley Private Bank accounts and from outside financial institutions.
...
Funds Availability.
Deposit typeFunds available
From E*TRADE Brokerage or Morgan Stanley Private Bank to an E*TRADE IRAImmediately
7 more rows

Can I use Webull in UK? ›

Webull can only be used in the United States and Hong Kong. Webull has not publicly announced a possible expansion into the UK or the European market.

What is the difference between CFD and options? ›

In a CFD, you're agreeing to exchange the variation in the price of an asset from when you open your position to when you close it. With an option, you're buying or selling the right (but not the obligation) to trade an asset at a fixed price.

Is Tastyworks available in UK? ›

Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto.
...
Countries where tastyworks accounts can be opened.
CountryAvailability
United KingdomYes
United StatesYes
13 more rows

Will Robinhood be available in Europe? ›

After watching some of these controversies, in early 2021, EU officials have said that online trading platforms such as Robinhood would not be allowed in Europe due to the structure of “payment for order flow”, which may be conflicting with putting clients' interests first (more about it in Reuters).

Is Ameritrade available in Europe? ›

Is TD Ameritrade available in Europe? Unfortunately, TD Ameritrade is no longer available in the EU or the UK.

Can we invest in US stocks from UK? ›

Can I invest in US stocks from the UK? Yes, it is entirely possible to buy US stocks from the UK. Non-US citizens are entitled to buy US stocks. While the laws that govern US stock markets are American, you do not need to be an American to invest in them.

Which is better E-Trade or Vanguard? ›

Vanguard is the best option for investors who are ready to build an investment portfolio and who can regularly contribute at least $500 per month to their investments. In other words, Vanguard is ideal for a long-term, buy-and-hold investor who won't be trading frequently. E*TRADE is best for frequent traders.

Why is E-Trade charging me a commission? ›

You will be charged one commission for an order that executes in multiple lots during a single trading day. Orders that execute over more than one trading day, or orders that are changed, may be subject to an additional commission.

Is E-Trade really free? ›

E*TRADE charges no annual or inactivity fee. There is a $75 full transfer out fee; it's $25 for a partial transfer. Most brokers impose a fee to transfer securities out of your account; that fee is often higher if you transfer out your full balance and close the account completely.

Is Fidelity better than E-Trade? ›

Overall, we found E*TRADE is a good choice for active traders and investors—especially those who want access to a suite of excellent options tools. At the same time, Fidelity is better for casual investors and traders looking for low costs and access to international trading.

Is E-Trade bank safe? ›

E*TRADE Securities LLC is a Member of SIPC, which protects customer accounts up to $500,000 for securities and cash (including $250,000 for cash only).

Can I transfer stock from E-Trade to Robinhood? ›

Eligible assets from your outside brokerage can be transferred into Robinhood through the Automated Customer Account Transfer Service (ACATS). We currently support full and partial account transfers of eligible securities. We'll reimburse the transfer fee your other brokerage may charge, up to $75.

Does Robinhood work in Germany? ›

You can access your Robinhood account in almost all countries, with the exception of Cuba, Iran, North Korea, Syria, and the Crimea region of Ukraine.

Can I invest in US stocks from Germany? ›

US citizens can invest in stocks, bonds and funds as long as they do so via a platform that is willing to make the necessary income reports to the IRS. Most German organisations refuse to do this, being wary of the penalties for making an error or omission.

How do I buy stocks in Germany? ›

The easiest way to invest in Germany is through exchange-traded funds (ETFs). These securities can be purchased on U.S. stock exchanges, and they offer diverse exposure to companies domiciled within the country.

Can I use Webull in Germany? ›

Currently, Webull can only be used in the United States and Hong Kong. This means that if you are a resident of Germany (Deutschland), Sweden, Italy, Poland, Ireland, France, Spain, Romania, the UK, Belgium, or any other European country, you won't trade through the Webull app.

What is German stock exchange called? ›

Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange) is one of the world's largest trading centres for securities.

How do I buy an ETF in Germany? ›

How to Invest in ETFs in Germany!
  1. Find an Investment Platform!
  2. Step 1 : Open a Scalable Capital Depot to Invest in ETFs in Germany.
  3. Step 2 : Choose your broker plan.
  4. Step 3 : Open the Scalable Capital App to search for ETFs in Germany.
  5. Step 4 : Authentication of the ETF.
  6. Step 5 : Kaufen!

How much money do you need to start day trading UK? ›

You don't need a lot of money to start day trading. Most brokers don't have any minimum deposit requirements, which means you can start trading with as little as £10. However, the size of your trading account ultimately affects the profit you'll be able to make as a day trader.

What is the best day trading platform in the UK? ›

CMC Markets offers the best stock trading platform in the UK because it gives you access to international shares where you get exposure to a wide range of tradable markets. Its trading platform is also easy to use and fully customisable to suit all traders.

What's the cheapest trading platform? ›

Robinhood and Webull are the lowest commission brokerage accounts across stocks, ETFs, options, and cryptocurrencies -- they don't charge commissions.

Can I open an eTrade account if I live outside the US? ›

To be able to trade in the U.S. stock market, you will need a US broker account. Just earlier this year (2020), E*TRADE has allowed account opening to foreign investors and the best part of it is that we (non-US residents) get to enjoy a $0 commission trading fee too!

Which is the best stock broker in UK? ›

XTB just made it to the list at number five.
BrokerScore
#1Interactive Brokers4.9
#2DEGIRO4.9
#3Saxo Bank4.8
#4eToro4.8
1 more row

Can you use Robinhood in the UK? ›

US stock trading platform Robinhood is known for being the low-cost app of choice among millennial traders in the US and it may be the most widely recognised online broker today — but you can't access it in the UK.

Is Charles Schwab available in UK? ›

1.1 Schwab U.K. is authorized and regulated by the Financial Conduct Authority in the U.K. to arrange certain investment services under Firm Reference Number 225116. Schwab U.K.'s registered office is 78-84 Colmore Row, Birmingham B3 2AB.

Can I keep my Etrade account if I move overseas? ›

There is no U.S. law that says American expat brokerage accounts must be frozen or shut down when moving abroad. The decision to freeze an account is an internal financial institution policy.

Can I open an Etrade account as a foreigner? ›

Yes, a foreigner can open a U.S. trading account through a US-based online stock broker, but it would require additional documentation to comply with U.S. regulations. Some of the extra paperwork include proof of identity, tax documents, and sometimes, visa information.

Can I transfer money from Etrade to my bank account? ›

Transfer Money is a free online service that allows you to move money between your E*TRADE and/or Morgan Stanley Private Bank accounts and from outside financial institutions.
...
Funds Availability.
Deposit typeFunds available
From E*TRADE Brokerage or Morgan Stanley Private Bank to an E*TRADE IRAImmediately
7 more rows

How do I trade US stocks in the UK? ›

Steps to buying US shares in the UK
  1. Compare different brokerage accounts to decide which one best suits your investing habits and platform needs. ...
  2. Open a stocks and shares brokerage account with your broker of choice. ...
  3. Fill out your W-8BEN form. ...
  4. Pick the US shares you want to buy. ...
  5. Buy the US shares.
11 Feb 2022

What is the best trading platform in the world? ›

Best Online Brokerage Accounts and Trading Platforms of 2022
  • Best Overall: Fidelity Investments.
  • Best Broker for ETFs: Fidelity Investments.
  • Best Broker for Low Costs: Fidelity Investments.
  • Best Broker for Beginners: TD Ameritrade.
  • Best Broker for Mobile: TD Ameritrade.
  • Best Broker for Advanced Traders: Interactive Brokers.

How do I trade stocks in the UK? ›

How to trade stocks in the UK
  1. Research and pick your stocks​. ...
  2. Choose your product. ...
  3. Determine the direction of your trade. ...
  4. Choose a trading strategy. ...
  5. Determine your position size, then 'buy' or 'sell' the stock. ...
  6. Close your trade. ...
  7. Evaluate and track.
23 Dec 2021

Can you use Robinhood in EU? ›

Can I access my account while I travel overseas? You can access your Robinhood account in almost all countries, with the exception of Cuba, Iran, North Korea, Syria, and the Crimea region of Ukraine.

What is the equivalent of Robinhood in Europe? ›

Trade Republic is essentially Europe's answer to Robinhood. The app lets users trade in stocks and exchange-traded funds without paying a commission. Trade Republic makes money from a flat 1 euro ($1.22) fee it charges per trade.

What is the UK version of Robinhood? ›

Freetrade. The UK equivalent to Robinhood, Freetrade lets you invest in more than 6,000 stocks (from the US, the UK, German, Finland and the Netherlands) and ETFs for free. Offers an ISA.

Can you use Schwab in Europe? ›

As reported here in August, the company announced that after Sept. 19, Schwab clients resident in the EU would no longer be able to purchase U.S.-registered exchange-traded funds (ETFs) and exchange traded notes, as it adopted to new EU regulations known as the Markets in Financial Instruments Directive (MiFID II).

Can I use Schwab outside US? ›

We can help you invest in U.S. markets while living abroad, access U.S. dollar–based accounts, and provide reporting for U.S. tax filing.

Which is better Schwab or Vanguard? ›

Overall, we found that Schwab is a great choice for self-directed investors and traders who want access to multiple platforms, plenty of tools, and full banking capabilities. Vanguard works well for buy-and-hold investors who may not be as tech-savvy and who want access to professional advice.

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