Best Investing Apps in Europe for 2023 | Ranked & Reviewed

eToro is a multi-asset platform and the leader in social trading with no number two platform in sight! With over 30 million users worldwide, it lets you copy other people’s trade, invest in smart portfolios or invest for yourself in stocks and ETFs with 0% commissions (not all ETFs), plus cryptos and a bunch of CFDs in several asset classes.

eToro mobile app offers the same features as their web version but on a smaller screen. It “shrinks” everything into an intuitive mobile app. You can construct and monitor your portfolio (3,000+ financial assets available), check for alert notifications, follow other investors, deposit/withdraw money and contact customer support.

eToro is regulated by top-tier financial authorities like the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

On the downside, it only has one account base currency (USD) and charges a 5$ commission per withdrawal. Plus, you will incur spreads and overnight fees if you leverage your positions through CFDs.

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. 77% 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.

Founded in 1978 and publicly listed in NASDAQ (ticker: IBKR), Interactive Brokers is a global online broker with a strong capital position, conservative balance sheet and automated risk controls.

Interactive Brokers offers two separate mobile apps: 

• IBKR Mobile: an advanced mobile trading app that gives you access to a wide range of products (stocks, options, mutual funds, ETFs, futures, bonds, and currencies) from 150 markets, EventTrader, Impact Lens and a set of technical and fundamental tools.
• IBKR Global Trader: With a modern design, it focuses more on beginners and investors who do not require active trading. You can only trade stocks, ETFs and options, plus basic features like deposit/withdraw money, fractional shares and currency conversion.

On the downside, Interactive Brokers’ fee structure is quite complex, 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.

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

Founded in 2013, Degiro is a low-cost brokerage firm available in 15 European countries. With over 2.5 million users, the innovative platform has become widely known for being a good execution platform without deposit/withdrawal fees and with a list of commission-free ETFs (external costs apply).

DEGIRO mobile app is an excellent complement to the web version. The app offers a decent mobile experience with a valuable search bar, a good portfolio summary, and a broad overview of market events and live news.

Some of its flaws are the absence of significant fundamental research, a €/£2.50 connectivity fee, and missing pricing alerts.

Regarding security, Degiro is the Dutch branch of flatexDEGIRO Bank AG (a German-regulated bank). It falls under the German Investor Compensation Scheme, compensating losses from non-returned assets up to 90% (with a maximum of €20,000). Furthermore, any money deposited on a DEGIRO Cash Account with flatexDEGIRO Bank AG will be guaranteed up to €100,000 under the German Deposit Guarantee Scheme.

Still any doubts? Go through our Degiro Review!

Founded in 2008, Freedom Finance, the official company name of Freedom24, has already offered to its 400,000+ worldwide clients participation in 280+ IPOs, including 40,000+ stocks, 1,500+ ETFs, 1,000+ US Stock Options, and 147,000+ bonds on the largest exchanges in Europe, Asia, and the US.

Freedom24 mobile app is intuitive and easy to navigate. An all-in package is available any time of the day. You can keep up to date with the news, check past IPOs performance on a continuous basis, trade any financial product, and much more. Moreover, the app allows you to place orders for IPOs.

All Freedom24 clients have D-accounts – USD savings accounts at 3% per annum, higher than most European saving accounts. Besides, customer service gives understandable answers to your doubts, so there is no need to go back and forth.

On the downside, it requires a minimum of $2,000 for IPOs participation, charges €7 per withdrawal, and presents an above-average currency conversion fee.

Want to know more about Freedom24? Check our Freedom24 Review.

Established in 2008, XTB is a well-known online broker with a presence in over 13 countries. It has two trading platforms (xStation 5 and xStation Mobile), a diverse range of tradeable instruments, exceptional customer service, and many free educational materials.

xStation Mobile is a premier application for charts and technical analysis, with the ability to apply numerous indicators like moving averages, volume and pivot points. Navigation is simple, with an intuitive order placing for any asset class.

On the negative side, XTB has a limited product portfolio, and it charges a €10 monthly inactivity fee (after 1+ year with no activity plus no deposit in the last 90 days), which may jeopardize investors looking for long-term investments.

You can check our XTB review for more insights.

inbestMe is a Robo-Advisor that allows you to build a customized portfolio based on your financial objectives and risk tolerance. It is fully automated and even offers tax-loss harvesting (tax efficiency). It charges a maximum management fee of 0.41%/year. Access to a human advisor is available for amounts above €100,000.

The inbestMe app is not particularly relevant when compared to the brokers’ app since you do not have the purpose of trading, following the news or set alerts. The main functions will be to deposit/withdraw and follow your current portfolio through your investment dashboard. Nonetheless, it is a smooth app, and in the palm of your hand, you check how your portfolio evolves.

You have four available ETF investment styles: inbestMe ETF, inbestMe ETFs Dynamic, inbestMe ETFs Value, and a Socially Responsible Investing ETF. You can start investing in this portfolio with a minimum of €/$5,000.

InbestMe is regulated and supervised by the CNMV (National Securities Market Commission), the body supervising and inspecting the Spanish securities markets. Your investments are protected up to €100,000 by FOGAIN, depending on which Interactive Brokers account is opened (€20,000 for IB Ireland and up to $500,000 for the IB United States).