Finding the best brokers in Hungary may seem like a daunting task, particularly if you’re just getting started (I was in your shoes some years ago).
In this post we take a detailed look at what we consider the best online brokers in Hungary. Whether you are new to investing and want a user-friendly platform, or you are interested in ETFs, cryptocurrencies or CFDs, there is a solution for you.
One thing sets Hungary apart from most European markets, and it should shape your choice: the TBSZ account, which can reduce your tax on investment gains to zero. We explain how it works further down, and flag which brokers offer it. Three of the six brokers on this list do: Interactive Brokers, Lightyear and XTB.
Best brokers in Hungary: top 6 list
- eToro: best broker for commission-free ETF investing and social trading
- Interactive Brokers: best broker in Hungary overall, and it offers TBSZ accounts
- Lightyear: best for a free TBSZ account
- XTB: best broker for low forex spreads, with a free TBSZ account
- Plus500: best broker for CFDs
- Trading 212: best broker for beginners and auto-invest
Disclaimer: Investing involves risk of loss.
52% of retail CFD accounts lose money.
Terms apply, seek guidance if necessary. When you invest, your capital is at risk.
69-80% of retail CFD accounts lose money.
81% of retail CFD accounts lose money.
Capital at Risk. Sponsored Link. To get free fractional shares worth up to 100 EUR/GBP, you can open an account with Trading 212 through this link. Terms apply.
Best brokers in Hungary: comparison table
What is a TBSZ account, and why does it matter?
The TBSZ (tartós befektetési számla, or long-term investment account) is a Hungarian tax wrapper, and for a long-term investor it is usually worth more than any difference in commissions between the brokers on this list.
The principle is simple: you commit to leaving the money invested, and the tax on your gains falls the longer you stay.
- You open the account and pay money in during the collection year, which ends on 31 December of the year you open it. After that, no further deposits are allowed into that particular TBSZ.
- The minimum first payment is 25,000 HUF (or the equivalent in another currency).
- Hold for three full years after the collection year and the tax on your gains drops from 28% to 18%.
- Hold for five full years and the gains become tax free.
- Close the account before three years and the normal rates apply instead.
- After the third year you can make one partial withdrawal without losing the benefit. Any other withdrawal ends the commitment.
You can open a new TBSZ each year, which is how investors build a ladder of accounts maturing in successive years. You can also move a TBSZ to another provider without breaking the holding period, provided the transfer covers the whole account.
This is why a broker offering a TBSZ deserves attention even if its commissions are slightly higher. Saving 0.1% on trading costs is minor next to the tax on years of compounded gains. Among the brokers here, Interactive Brokers, Lightyear and XTB offer TBSZ accounts, and Lightyear and XTB charge no fees to open or hold one.
| Holding period | Personal income tax (SZJA) | Social contribution tax (szocho) | Total tax on gains |
|---|---|---|---|
| Closed within 3 years | 15% | 13% | 28% |
| After 3 years | 10% | 8% | 18% |
| After 5 years | 0% | 0% | 0% |
Tax on TBSZ gains by holding period, as published by the Magyar Nemzeti Bank (MNB, the Hungarian central bank). The social contribution tax applies to accounts opened from 1 January 2025.
Which brokers offer a TBSZ?
| Broker | TBSZ | Account fees | Minimum | What you can hold |
|---|---|---|---|---|
| Lightyear | Yes | Free to open and hold | 25,000 HUF | Stocks, ETFs and money market funds (no crypto) |
| XTB | Yes | Free to open and hold | 25,000 HUF | Stocks and ETFs (no CFDs) |
| Interactive Brokers | Yes | 2,000 HUF monthly minimum, waived if your commissions exceed it | 25,000 HUF | Stocks, ETFs, options, futures, bonds and funds |
| eToro | No | N/A | N/A | N/A |
| Plus500 | No | N/A | N/A | N/A |
| Trading 212 | No | N/A | N/A | N/A |
TBSZ availability and costs at the brokers on this list, based on each broker’s Hungarian website.
With a TBSZ held at a foreign provider, such as Lightyear or Interactive Brokers, you are responsible for notifying the Hungarian tax authority (NAV, Nemzeti Adó- és Vámhivatal) within 30 days of opening the account. Interactive Brokers also limits you to five TBSZ accounts at the same time.
Rules and rates change, so confirm the current position with NAV or an adviser before committing, particularly on the timing of the collection year.
#1 eToro: Best for commission-free ETF investing and social trading
52% of retail CFD accounts lose money.
eToro tops our list in Hungary. It is an international online broker with more than 4 million funded accounts, offering stocks, ETFs, cryptocurrencies and CFDs on forex, commodities and indices. It has been listed on the Nasdaq since May 2025, and Hungarian clients are served by eToro (Europe) Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC). It is best known for its social trading feature, which lets you copy the trades of other investors, picking them by past return, risk profile or other criteria.
The platform gives access to thousands of instruments, including real stocks and ETFs. You can also invest in ready-made Smart Portfolios, which group assets or traders around a theme or strategy.
eToro offers commission-free ETF trading in Hungary. Real stocks carry a commission of $1 or $2 per trade, depending on the exchange and your country of residence. There is no inactivity fee, and withdrawals from the USD account cost $5.
Opening an account and depositing is easy, and there is a demo account to practise with. On the downside, spreads can be high on some products, and currency conversion is a meaningful cost for a Hungarian investor funding in forint. Note also that eToro does not offer a TBSZ account.
If you want to learn more, check out our eToro review.
Pros
- Low stock trading fees (from $0 per trade)
- Commission-free ETFs (other fees apply)
- Social trading and other innovative products
- Wide variety of financial products
- Slick, modern, and easy for anyone to use
- European users have access to three account currencies: EUR, USD and GBP
- Top tier regulators
Cons
- Limited disclosed financial information
- Withdraw and inactivity fees
- Spread, overnight, inactivity, and currency conversion fees higher than average
- Doesn’t offer bonds, futures, or options
#2 Interactive Brokers: Best online broker in Hungary overall
Interactive Brokers is our pick as the best online broker in Hungary overall, and it offers TBSZ accounts to Hungarian tax residents through Interactive Brokers Ireland Limited, regulated by the Central Bank of Ireland.
Founded in 1978, Interactive Brokers is one of the largest international brokers, listed on the Nasdaq under the ticker IBKR and part of the S&P 500 since August 2025. It had 5.58 million client accounts at the end of September 2026, is regulated by several top-tier authorities and has no minimum deposit for a standard account.
It suits both beginners and professional investors looking for a full product range across 170 markets in 40 countries (bonds, ETFs, shares and more), an efficient platform, advanced technical and fundamental tools, and solid educational material.
Interactive Brokers supports several account base currencies, including EUR, USD and GBP, though funding is limited to bank transfers. It offers some of the tightest spreads in the market, and its commissions are tiered, varying with your monthly volume. For a Hungarian investor converting forint to buy foreign assets, the currency conversion cost is the number worth comparing most closely, and here IBKR stands out: 0.002% of the amount, with a $2 minimum.
Its TBSZ account requires a 25,000 HUF first deposit and has no custody fee, but a minimum monthly fee of 2,000 HUF applies when your commissions in the month are lower than that. For a buy and hold investor who trades rarely, that makes it more expensive than the free TBSZ accounts at Lightyear and XTB.
For investors who prefer to trade on the go, there is the IBKR Mobile app.
IBKR GlobalTrader is another mobile app from Interactive Brokers, built for simple worldwide trading, with fractional shares and a simplified interface aimed at newer investors.
On the downside, the number of buttons and features on each platform can overwhelm a new investor. Interactive Brokers does provide extensive educational material and video tutorials to help you navigate them.
Want to know more? Check our comprehensive Interactive Brokers review and visit IBKR’s website.
Pros
- Low commissions on US stock trading
- No monthly inactivity fee
- The broadest product and markets range in the brokerage industry
- Demo account
- Excellent reputation (founded in 1978)
- Extensive research and Education tools
- Has a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors, IBKR GlobalTrader.
- Offers interest on uninvested cash balances
Cons
- Complicated and lengthy account opening process (but fully online)
- Steeper learning curve for beginners
- Website is difficult to navigate
- Interactive Advisors (Robo-advisor feature) is only available for US customers
#3 Lightyear: Best broker in Hungary for a free TBSZ account
Terms apply, seek guidance if necessary. When you invest, your capital is at risk.
Lightyear is a European investment app operating through Lightyear Europe AS, authorised and regulated by the Estonian Financial Supervision Authority (EFSA, licence number 4.1-1/31), with client assets covered up to €20,000. For Hungarian investors, its main draw is a free TBSZ account, with no fees to open or hold it and a 25,000 HUF minimum, in line with the legal requirement. It can hold stocks, ETFs and money market funds, but not crypto.
There are no Lightyear execution or custody fees on ETFs (fund manager fees still apply). For stocks, US shares cost 0.1% per order (minimum $0.10, maximum $1), UK shares £1, euro-denominated shares €1, and shares on the Budapest Stock Exchange 0.1% (minimum 200 HUF). Currency conversion is 0.35%, which you can reduce by holding balances in its multi-currency account. Cryptocurrency trades cost 0.45%.
Lightyear also offers Savings Vaults, which invest your cash in money market funds, including in forint. Note that this is an investment rather than a bank deposit, so no deposit guarantee applies and the return moves with central bank rates.
The platform suits beginners and intermediate investors, with fractional shares and more than 4,000 US stocks, plus UK, European and Hungarian shares and a wide choice of ETFs.
There are downsides. The product range is limited, with no options, futures or bonds, and there is no demo account.
Lightyear also offers a free share worth up to €100 with our promo code INVESTINGINTHEWEB.
Still have doubts? Go through our Lightyear review.
Disclaimer: Capital at risk. The provider of investment services is Lightyear Financial Ltd for the UK and Lightyear Europe AS for the EU. Terms apply: lightyear.com/terms. Seek qualified advice if necessary.
Pros
- 0% Lightyear execution commission on ETF trading (other fees, like fund manager and FX fees, may apply)
- No account opening, inactivity, or withdrawal fees
- High interest on EUR, USD & GBP through MMFs
- Free multi-currency account
- Minimum deposit of €/£/$1
- Fractional Shares
- Account opening promotion with the promo code INVESTINGINTHEWEB
- You can automate your investments with "Plans"
Cons
- Limited financial instruments (no options or futures; commodities only via ETCs such as gold, silver and copper; bonds limited to a small Baltic selection)
- No demo account
- Only available in 25 european countries (not available internationally)
- 0.35% currency conversion fee (0.10% for UK GIA and ISA accounts)
#4 XTB: Best broker for low forex spreads
69-80% of retail CFD accounts lose money.
Founded in 2004, XTB is a major player in the brokerage industry with more than 2.9 million clients. It has been listed on the Warsaw Stock Exchange since 2016 and is supervised by the Polish Financial Supervision Authority (KNF), among other regulators.
The platform offers 0% commission on stocks and ETFs up to €100,000 of monthly turnover (0.2% above that, with a €10 minimum), plus a 0.5% currency conversion fee.
For Hungarian investors, the standout is its free TBSZ account: no opening or custody fees, a 25,000 HUF minimum and the same commission terms as the standard account. The TBSZ can hold stocks and ETFs, but not CFDs.
Opening an account and transferring money is quick and hassle-free. Beginners get a demo account and educational tools, while more experienced investors will find plenty of technical and fundamental analysis tools.
XTB also offers CFDs on commodities, indices, forex and cryptocurrencies, and its forex costs are low. You will also face an inactivity fee of €10 a month if you have not traded for a year and have not deposited in the last 90 days.
Still have doubts? Go through our XTB review.
Pros
- Free stocks trading (only applicable to some countries)
- Customizable trading platform (charts and workspace)
- Low Forex Spreads
- Demo account
- No minimum account deposit
- Valuable education materials
- Top-tier Regulators
Cons
- Complex trading platform for a beginner
- High Stock CFD spreads
- Limited product portfolio
- Withdrawal fees for transfers below $100
- Inactivity fee (€10/monthly after 1+ year with no activity plus no deposit in the last 90 days)
#5 Plus500: Best broker in Hungary for CFDs
81% of retail CFD accounts lose money.
Founded in 2008, Plus500 is a CFD provider offering contracts for difference (CFDs) on forex, indices, shares, commodities, options, ETFs and cryptocurrencies. It operates in 65 countries under 17 licences and is listed on the London Stock Exchange. With a CFD you trade on the price movement of an asset without owning it, and leverage magnifies both gains and losses.
As a side note, Plus500 Futures, available only to US users, is also part of the Plus500 group.
The main platform is WebTrader, Plus500’s own, offering a stable experience across devices including a mobile app. You can test the features with a free demo account.
Customer support is helpful and reachable through a chat that stays visible on the platform. Plus500 earns mainly through the spread, and also charges overnight funding on positions held open, a currency conversion fee of up to 0.7% and an inactivity fee of up to $10 a month after three months without logging in.
It is regulated by authorities including the FCA and CySEC, so the investor protection scheme depends on the entity you sign with. European investors typically contract with Plus500CY Ltd, with protection up to €20,000, and Plus500 provides negative balance protection on CFD trading for retail clients in the EU.
Want to know more? Check our Plus500 review.
81% of retail CFD accounts lose money.
Pros
- Acessible and responsive platform
- Low spreads
- No dealing commissions
- Demo Account
- Top-tier regulators
Cons
- No ETF offering
- Inactivity fee ($10 per month after no login activity in 3 months)
- High overnight funding fees
- Very little research and education provided
#6 Trading 212: Best broker for beginners and auto invest
Capital at Risk. Sponsored Link. To get free fractional shares worth up to 100 EUR/GBP, you can open an account with Trading 212 through this link. Terms apply.
Trading 212 is a London-based fintech that aims to democratise investing through a simple mobile app, letting anyone invest in over 10,000 stocks and ETFs. It offers a free fractional share worth up to €100.
In Trading 212 you will find stocks and ETFs with no commission (other fees may apply, see terms and fees), fractional shares and an automatic investment system. A 0.15% FX fee applies when converting funds. Other fees may apply.
Opening an account is quick and easy. On the downside, the product range has gaps, notably no bonds or options, and it does not offer a TBSZ account.
Its best known feature is Pies & AutoInvest, which lets you build a portfolio of stocks and ETFs with target weights and fund it with scheduled deposits.
If you want to learn more, check our Trading 212 review.
Pros
- Commission-free real stock, ETFs and crypto trading (other fees may apply. See terms and fees)
- AutoInvest & Pies feature (execution-only service, not financial advice)
- Fast and easy account opening process
- Demo account
- Top Tier Regulators
- Free fractional shares worth up to €100
- High interest on uninvested cash
Cons
- Limited product portfolio (no Options, Bonds, Mutual Funds or Futures)
- No relevant Fundamental tools
- 0.15% of Foreign exchange fees
Disclaimer: Pies & AutoInvest is an execution-only service. Not investment advice or portfolio management. Automatic investing refers to executing scheduled deposits. You are responsible for all investment and rebalancing decisions. When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results.
How to choose the best broker in Hungary
Choosing the right broker matters for a good investing experience. Here are the steps to help you decide:
- TBSZ availability: for a long-term investor this is often the single most valuable feature, and only some brokers offer it. Weigh it before you weigh commissions.
- Check regulation: look for brokers regulated by trusted authorities such as the FCA or CySEC, and check which entity you are contracting with, since investor protection follows it.
- Fees and commissions: compare trading commissions, but also currency conversion, which matters a great deal when your income is in forint and your investments are not.
- Trading platforms: check the platform suits how you actually invest.
- Financial instruments: make sure the broker offers what you want to buy, and that it is available to Hungarian residents.
- Customer support: test it before you need it.
- Reputation: research the broker’s history, ownership and financial strength.
By weighing these factors, you can pick the best broker in Hungary for your goals.
Other resources
- Check our YouTube channel. You will find step-by-step guides on how to invest in the S&P 500 with different brokers, plus other educational videos about investing and investment platforms.
- Explore our tools: check our comparison tool, reviews, BrokerMatch, and others.
Bottom line
In conclusion, choosing the best online broker in Hungary depends on your preferences and goals, and on whether you intend to use a TBSZ. Our top picks:
eToro
Renowned for commission-free ETF investing and social trading.Interactive Brokers
Known for low commissions, a wide product range and TBSZ accounts.Lightyear
Best broker in Hungary for a free TBSZ account.XTB
0% commission on stocks and ETFs up to €100,000 a month, low forex spreads and a free TBSZ account.Plus500
Best for CFDs, with a simple platform and a free demo account.Trading 212
Known for auto-investing and the Pies feature.
Consider regulation, fees, platforms, available instruments and customer support when making your choice, and always research based on your own risk tolerance and strategy.
FAQs
Which brokers offer a TBSZ account in Hungary?
Among the brokers in this article, Interactive Brokers, Lightyear and XTB offer TBSZ accounts, and Lightyear and XTB charge no opening or custody fees. Hungarian banks and domestic brokers also offer them. Since the tax saving after five years can dwarf any difference in commissions, this is worth checking before you choose.
Is Charles Schwab available in Hungary?
No. Charles Schwab does not accept residents of Hungary. Its international account is available in a long list of countries, but Hungary is not among them.
How to invest in stocks from Hungary?
You can use one of the online brokers above that offer real stocks: eToro, Interactive Brokers, Lightyear, XTB or Trading 212. Plus500 only offers CFDs, which track a share price without giving you ownership of the share.
What is a brokerage company?
It is an entity that acts as the middleman between you and the market when you buy or sell a stock, ETF or any other instrument.
Which broker is best in Hungary?
There is no single answer. It depends on what you value most: fees, security, the platform, or whether the broker offers a TBSZ account.
Can I invest in US stocks from Hungary?
Yes. You will need an international brokerage account that gives access to US exchanges. eToro, Interactive Brokers, Lightyear, XTB and Trading 212 all offer real US stocks.
How are investment gains taxed in Hungary outside a TBSZ?
Capital gains, dividends and interest are generally subject to 15% personal income tax (SZJA) and 13% social contribution tax (szocho), which is the same 28% that applies when a TBSZ is closed within three years. With a foreign broker you usually have to declare the income yourself in your annual tax return, so check the details with NAV or a tax adviser.
Can I hold crypto or CFDs in a TBSZ?
No. A TBSZ can only hold financial instruments such as stocks, ETFs, bonds and funds. Lightyear excludes crypto from its TBSZ, and XTB excludes CFDs.
What happens if I withdraw money from a TBSZ early?
If you close the account within three years of the end of the collection year, your gains are taxed at the normal 28% rate. Between three and five years the rate is 18%. After the third year you are also allowed a single partial withdrawal without ending the account.
Do I need to tell NAV about a TBSZ at a foreign broker?
Yes. If your TBSZ is held with a foreign provider such as Lightyear or Interactive Brokers, you need to notify NAV within 30 days of opening it. Your broker’s help pages explain the process.






