2 Best Commission-Free Brokers in Belgium for 2022

Franklin Silva| Updated January 18th, 2022
Commission-free brokers in Belgium

Your mind is set: “I want to invest my hard-earned money!”. Now, another question arises: “Which broker is the best one without letting fees eat away my profits?”

To help you choose the best broker in Belgium, we have taken a cost-benefit relationship, which made us select three online brokers based on factors that investors, like you, are looking for: fees (commission-free trading), investment platforms, a wide range of markets and instruments available, mobile apps, research availability, and education resources.

These are our suggestions for the best investing apps in Belgium:

eToro

An online broker that offers commission-free stock and ETF trading. You can also copy other traders/investors. Slick, modern, and easy for anyone to use. It is trusted by more than 20 million clients worldwide. See our eToro summary.
Disclaimer: 67% of retail CFD accounts lose money.

BUX Zero

A recent mobile app with a simple and intuitive platform that offers stocks, ETFs and cryptos free of charge. For more details, check our Bux Zero summary.

✔️ All of them are authorized to operate in Belgium by the Financial Services and Markets Authority (FSMA). As such, all are under investor protection schemes.

Comparison of commission-free brokers in Belgium

2 Best Commission-Free Brokers in Belgium for 2022 1
2 Best Commission-Free Brokers in Belgium for 2022 2

Website

Overview

The leading social trading and investing broker with 20M+ users. Copy other investors, invest in pre-built portfolios, or trade by yourself.

Bux Zero is an online broker offering commission-free stocks and ETFs trading. New users will receive one free share worth up to €200.

Demo Account

2 Best Commission-Free Brokers in Belgium for 2022 3
2 Best Commission-Free Brokers in Belgium for 2022 4

Account Minimum

$50

€1

Products and Markets

Real Stocks, ETFs, Forex and CFDs on Stocks, ETFs, Cryptos and Commodities.
Social Trading, Copy Portfolios.

US stocks and EU stocks (Dutch, German, Belgian, French, and Austrian) and only 30+ ETFs

Fees

US stocks

$0

€0

EU stocks

$0

€0

(€1 for market and limit orders)

ETFs

$0*

*Not all ETFs are offered with 0% commissions.

€0

(€1 for market and limit orders)

Currency Conversion fee

Starts from 50 pips

0.25%

Security

Regulators

FCA; CySEC; FSMA

AFM; FSMA

Investor Compensation Scheme

(per person, per instituion)

Up to €20.000

Up to €20.000

Commission-free brokers in Belgium

1# eToro

2 Best Commission-Free Brokers in Belgium for 2022 5
Visit eToro
67% of retail CFD account lose money.

eToro at a glance

0% Commissions
Mobile App
ProductsCFDs, ETFs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum Deposit$50
RegulatorsCySEC, FCA, FSMA

Founded in 2006, eToro is a well-known worldwide fintech startup and the leader in the social trading field (follow other people’s trades), with over 20 million users worldwide. You can also invest in other products such as CFDs, ETFs, stocks, commodities, Forex, and cryptocurrencies through their platform, which is intuitive and simple to use, making it a good choice for beginners. Plus, eToro offers commission-free stock and ETF trading in Europe (not all ETFs are commission-free).

Opening an account and depositing is easy, and you can even try it out with virtual money (demo account). On the downside, spreads can be high for some products. The only currency accepted (base currency) is the USD, which means that you’ll be charged currency conversion fees upon deposit and withdrawal if you deposit in another currency.

If you want to learn more, check our eToro Review.

eToro Pros and Cons

  • Commission-free stock and ETFs trading (not all ETFs are commission-free)
  • Social Trading and other innovative products
  • Wide variety of financial products
  • Slick, modern, and easy for anyone to use
  • Top tier regulators
  • Limited disclosed financial information
  • Withdraw and inactivity fees
  • Spread, overnight, inactivity, and currency conversion fees higher than average
  • Offers primarily CFDs, which are high-risk instruments and with no asset ownership
  • Only one base currency account (USD)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.

Commission-free brokers in Belgium

2# Bux Zero

2 Best Commission-Free Brokers in Belgium for 2022 6
Visit Bux Zero
67% of retail CFD accounts lose money.

BUX Zero at a glance

0% Commissions
Mobile App
ProductsStocks, ETFs and Cryptocurrencies
Minimum Deposit€1
RegulatorsAFM, FSMA

BUX Zero is an online broker launched in 2019 that has positioned itself as an affordable way for Europeans to increase their savings. It brings a simple and elegant way to start investing.

It allows users to trade US and EU stocks (Dutch, German, Belgian, French, and Austrian) and 30+ ETFs. New users will also benefit from one free share worth up to €200 (terms available on page 31 of the Bux Zero Client Agreement). You also have access to fractional investing, making it easy to invest in companies with big share prices (Amazon, Tesla, Alphabet,…) starting for as little as €10.

In addition, crypto trading is also available for free! Investors can trade Bitcoin, Ethereum, Litecoin, among other cryptocurrencies.

BUX Zero is very transparent in its pricing structure: it charges no commission for Zero, Market and Limit Orders for US stocks, but it will cost you 1€ per Market or Limit Order in EU stocks and ETFs (Zero Orders are free). Besides, it also earns money through an FX markup (currency conversion fee) of 0.25%.

On the downside, the only place to trade is its mobile app (no desktop or web trading platform available), the products available are limited and it has no demo account.

BUX Zero is regulated by the Dutch Authority for Financial Markets (Autoriteit Financiële Markten – AFM). If you want to learn more, check our Bux Zero Review.

Along with BUX zero, BUX’s flagship platform, you can still use BUX X to invest in CFDs and BUX Crypto if you only want to buy cryptocurrencies. Note that both of these services are expected to be combined with BUX Zero for consolidation processes as the company progresses to create a single destination for investors.

Bux Zero Pros and Cons

  • Commission-free stock, ETF and crypto trading
  • Offers one Free Share of up to 200€ upon deposit
  • Fractional Investing
  • Modern and user-friendly mobile app
  • No inactivity, custody, deposit or withdrawal fee
  • No minimum required deposit
  • No investment advice
  • No demo account
  • Limited financial products

Which platform should you choose?

Some factors you should know when choosing an online broker are the fees charged if it is regulated by top-tier institutions such as the FCA in the UK, the range of products it allows you to trade (not all platforms allow you to trade EU stocks), among others.

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

A reminder that the above should not be seen as investment advice and should be considered information only. Investors should do their own research and diligence about the best-suited services and opportunities for their risk, returns, and impact strategy.

Hope we helped, and leave your comments below.

Happy investments!

Other FAQs about Brokers in Belgium

How to invest in stocks from Belgium?

You can use one of the online brokers shown above: eToro and Bux Zero.

What is a brokerage company?

It is an entity designed to be the middleman between you and the people you are trying to buy or sell a stock, ETF, crypto,… you name it!

Which broker is best in Belgium?

There is no single answer. It depends on what you value most: fees, security, investment platform or any relevant feature.

What are the types of investments you can make with a brokerage account?

You can trade stocks, ETFs, Forex, Bonds, Futures, Cryptocurrencies and CFDs on stocks, ETFs, indices, cryptocurrencies, commodities.