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3 Best Commission-Free Brokers in Belgium (Sept 2022)

Franklin Carneiro da Silva| Updated August 31st, 2022
commission free brokers Belgium

3 Best Commission-free Brokers in Belgium

Your mind is set: “I want to invest my hard-earned money!”. Now, the question is: “Which brokers are the best when it comes to fees that won’t eat away my profits?”.

Through cost-benefit analysis, we’ve compiled three online brokers as our top picks for the best brokers in Belgium. We’ve listed the following factors that investors like you always take into account: fees (commission-free trading), investment platforms, the range of markets and instruments available, 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 25 million clients worldwide. See our eToro summary.
Disclaimer: 78% 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.

Revolut Trading

It is a feature inside the Revolup app. It offers 1 free trade every month. It charges an annual custody fee of 0.12%. More details on our Revolut 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

  • Broker
  • Website
  • Overview
  • Demo Account
  • Account minimum
  • Products and Markets
  • Fees
  • US stocks
  • EU stocks
  • ETFs
  • Currency Conversion Fee
  • Security
  • Regulators
  • Investor Compensation Scheme(per person, per instituion)
  • eToro
  • Visit eToro
  • The leading social trading platform with 25M+ users worldwide. Copy other traders/investors, invest in one of the pre-built portfolios, or trade for yourself.

  • $50**It varies between countries
  • Real Stocks, ETFs, Forex and CFDs on Stocks, ETFs, Cryptos and Commodities. Social Trading, Copy Portfolios.
  •  
  • $0
  • $0
  • $0**Not all ETFs are offered with 0% commissions.
  • Starts from 0.50%
  •  
  • FCA, CySEC and ASIC.
  • Up to €20,000 for clients under eToro (Europe) Ltd; Up to £85,000 for clients under eToro (UK) Ltd.

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

  • €1
  • US stocks, EU stocks (Dutch, German, Belgian, French, and Austrian), 30+ ETFs and Cryptocurrencies.
  •  
  • €0**€1.50 for market and limit orders.
  • €0**€1.50 for market and limit orders.
  • €0**€1.50 for market and limit orders.
  • 0.35%
  •  
  • AFM and DNB.
  • Up to €100,000 for cash; Up to €20,000 for securities.

  • Revolut Trading
  • Visit Revolut Trading
  • Revolut Trading, a feature inside the Revolut App, gives you access to US stocks, precious metals, and cryptos. In the basic plan, users have 1 free trade every month.

  • €/£1
  • Stocks, Cryptocurrencies, Gold, and Silver
  •  
  • One free trade per month**Afterwards, it varies according to your country of residency.
  • Not Applicable
  • Not Applicable
  • 0% up to €/£1,000 per month**0.40% above the €/£1,000 of free allowance.
  •  
  • SEC, FCA and FINRA.
  • Doesn’t apply. More about it in “Revolut Safety and Regulation“.

Best Brokers in Belgium

1# eToro - Best for 0% Commissions

etoro logo
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
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 25 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. 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# Bux Zero - Best for Beginners

BUX Zero logo
Visit Bux Zero

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

3# Revolut - Best for Simplicity

Revolut logo
Visit Revolut

Revolut at a glance

0% Commissions
Mobile App
ProductsStocks, Cryptocurrencies, Gold, and Silver
Minimum Deposit€0
RegulatorsSEC, FCA and FINRA

Founded in 2019, Revolut Trading is part of the Revolut app (existing since 2015) and provides its users with an efficient way to invest (all in one place). It only allows investment in American stocks (+750 companies) free of charge for up to 1 transaction per month, cryptocurrencies with a spread of 1.5%, and gold and silver with a spread of 0.25% when the market is open. On the other hand, there are no inactivity or withdrawal fees.

The app is super intuitive, and the account opening process is 100% digital, fast, and secure. Unfortunately, it still has a very low offer of financial products, and the account can only be denominated in dollars. Some of the non-accessible assets are the following ones: ETFs, CFDs, Forex, bonds, and options. Furthermore, it does not have any educational or market research material, and it charges an annual custody fee of 0.12%.

Learn more in our in-depth Revolut Trading Review.

Revolut Trading Pros and Cons

  • Simple trading platform
  • Easy account opening process
  • At least, one free trade per month
  • Low trading commissions
  • No inactivity fee
  • Low product offering (ETFs and other financial products are missing)
  • Investments not covered by the Financial Services Compensation Scheme
  • Annual custody fee of 0.12%

Summary

 1# eToro Best for commission-free Stocks, ETFs and cryptos
 2# BUX Zero Best for beginners
 3# Revolut Best for simplicity

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, Bux Zero e Revolut.

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.

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.

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