2 Best Commission-free Stock Brokers in Serbia
You already know that starting investing is a significant milestone in your financial life, but now you may wonder, “Where should I open my investment account?”. The search for a commission-free stock broker may be daunting!
Through cost-benefit analysis, we’ve compiled six online brokers as our top picks for the best brokers in Serbia. 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 Serbia:
Trading 212
An online broker that offers real stocks, ETFs, and CFDs across various asset classes. New users get a free share worth up to €100! More details on our Trading 212 summary.
Disclaimer: 76% of retail CFD accounts lose money.
Nextmarkets
An innovative neobroker with a broad presence in Europe offering commission-free trading in all asset classes and no currency conversion fee. See our Nextmarkets summary.
Disclaimer: 56.65% of retail CFD accounts lose money.
✔️ All of them are authorized to operate in Serbia by the Securities Commission. As such, all are under investor protection schemes.
Comparison of commission-free stock brokers in Serbia
- Broker
- Website
- Overview
- Demo Account
- Account minimum
- Fees
- US stocks
- EU stocks
- ETFs
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per instituion)
Commission-free stock brokers in Serbia
1# Trading 212
Trading 212 at a glance
Founded in 2006, Trading 212 is a fintech based in London that aims to democratize the entire investment process through a simple mobile application. The company aims to do this by allowing anyone to invest in over 10,000 stocks and ETFs, Forex, commodities, CFDs, and cryptocurrencies. Over 15 million people have already downloaded the app. In 2017, it was the trading app with the most downloads in Germany and, since 2016, it has remained 1st in the United Kingdom.
In Trading 212, you will find commission-free stocks and ETFs trading, fractional shares, and even an automatic investment system (Robo-advisor). Opening an account is extremely quick and easy. On the downside, it shows limitations regarding available products, such as the lack of bonds and options. It charges a 0.15% currency conversion fee when buying assets in a currency different from your base account.
Within the app, you will notice two distinct sub-platforms: Trading 212 Invest, where you can trade a range of assets free of charge and trading 212 CFD, where you may trade leveraged financial products (CFDs).
If you want to learn more, check our Trading 212 Review.
Trading 212 Pros and Cons
Pros
- Commission-free Real Stocks and ETFs trading
- AutoInvest & Pies feature
- Fast and easy account opening process
- Demo account
- Top Tier Regulators
Cons
- Limited product portfolio (no Options, Bonds, Mutual Funds or Futures)
- No relevant Fundamental tools
- Spreads on Forex CFDs may be high in certain trading hours
- Foreign exchange fees (0.15% and 0.50% in “Invest” and “CFDs” accounts, respectively)
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 stock brokers in Serbia
2# Nextmarkets
Nextmarkets at a glance
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 our Nextmarkets Review.
Nextmarkets Pros and Cons
Pros
- Free stocks trading
- Zero commission trading for all asset classes (orders above €250)
- No custody, inactivity and deposit/withdrawal fee
- Fast account opening process (less than 5 min)
- No minimum deposit
- No currency conversion fee
- Good customer support
- Demo Account
Cons
- €1 commission per order below €250
- The web platform is a little “buggy”
- No clear distinction between real shares and CFDs
- Spreads are above average
- No fundamental data
- No educational materials
- The minimum withdrawal is €150
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 56.65% 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.
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 Serbia
How to invest in stocks from Serbia?
You can use one of the online brokers shown above: Nextmarkets and Trading 212.
Is Webull available in Serbia?
No, Webull is not available in Serbia.
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 Serbia?
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 and CFDs on stocks, ETFs, indices, cryptocurrencies, commodities.
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.
