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4 Best Commission-Free Brokers in Slovakia for 2022

Franklin Carneiro da Silva| Updated May 13th, 2022
Brokers in Slovakia

4 Best Commission-free Brokers in Slovakia

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 six online brokers as our top picks for the best brokers in Slovakia. 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 Slovakia:

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.

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.

XTB

Founded in 2004, XTB offers commission-free stock trading up to €100.000 monthly volume, a wide range of investments products, and a bold investment platform. Check our XTB summary.
Disclaimer: 79% of retail CFD accounts lose money.

Trading 212

An online broker that offers real stocks, ETFs, and CFDs across various asset classes. More details on our Trading 212 summary.
Disclaimer: 76% of retail CFD accounts lose money.

✔️ All of them are authorized to operate in Slovakia by the Národná banka Slovenska (NBS). As such, all are under investor protection schemes.

Comparison of commission-free brokers in Slovakia

  • 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
  • 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 50 pips
  •  
  • FCA; CySEC; ASIC
  • Up to €20.000
  • Trading 212
  • Visit Trading 212
  • Trading 212 is a global online broker that lets you trade stocks and ETFs for free. It also offers CFDs on forex, commodities, and more. New users get one free share of up to €100 by using the code IITW.

  • €1
  • Real Stocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system.
  •  
  • €0
  • €0
  • €0
  • 0.15%
  •  
  • FCA; FSC; FI
  • Up to £85.000
  • Nextmarkets
  • Visit Nextmarkets
  • Nextmarkets is a commission-free online broker based in Cologne that allows investment in a wide selection of financial assets.

  • €1
  • Real Stocks, ETFs, Forex and CFDs on stocks, ETFs, indices, bonds, cryptocurrencies, and commodities.
  •  
  • €0**(€1 for orders below €250)
  • €0**(€1 for orders below €250)
  • €0**(€1 for orders below €250)
  • 0%
  •  
  • MSFA; FI
  • Up to €20.000**(from non-returned assets up to 90%)
  • XTB
  • Visit XTB
  • XTB is a well-known online broker established in 2002 with offices in over 30 countries all over the world. It offers free stock trading.

  • €1
  • Real Stocks, ETFs, Forex and CFDs on Stocks, ETFs, Indices, cryptocurrencies and commodities.
  •  
  • €0**(up to €100.000 in monthly volume transactions)- Only applicable in some countries
  • €0**(up to €100.000 in monthly volume transactions)- Only applicable in some countries
  • €0**(up to €100.000 in monthly volume transactions)- Only applicable in some countries
  • 0.50%
  •  
  • FCA; KNF; CySEC; IFSC
  • Up to £85.000

Commission-free brokers in Slovakia

1# eToro

etoro logo
Visit eToro
68% 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, NBS

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 Slovakia (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

Pros
  • 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
Cons
  • 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 Slovakia

2# Nextmarkets

nextmarkets logo
Visit Nextmarkets
56.65% of retail CFD account lose money.

Nextmarkets at a glance

0% Commissions
Mobile App
ProductsShares, ETFs and CFDs on shares, ETFs, indices, forex, bonds, cryptocurrencies, and commodities.
Minimum Deposit€1
RegulatorsMFSA, FCA, NBS

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.

Commission-free brokers in Slovakia

3# XTB

XTB Review - XTB Logo
Visit XTB
79% of retail CFD account lose money.

XTB at a glance

0% Commissions
Mobile App
ProductsCFDs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum Deposit€1
RegulatorsCySEC, FCA, NBS

Founded in 2002, XTB presents itself as a market player with extensive worldwide experience, regulated by the Financial Conduct Authority (FCA) – and other local regulators like CONSOB – and listed on the Warsaw Stock Exchange. The platform offers 0% commissions on stocks. However, its software is more oriented to CFDs and forex trading with competitive costs.

XTB also offers other financial products such as commodities and cryptocurrencies. XTB charges high commissions on CFDs of cryptocurrencies but low costs for Forex. Besides, you will face an inactivity fee of €10/month after one year of non-trading and if you have not made any deposit in the last 90 days. Opening an account and transferring money is a quick and hassle-free process (demo account available).

Still any doubts? Go through our XTB Review!

XTB Pros and Cons

Pros
  • Free stocks trading
  • Low Forex Spreads
  • Customizable trading platform (charts and workspace)
  • Demo account
  • No minimum account deposit
  • Valuable education materials
  • Top-tier Regulators
Cons
  • Complex trading platform for a beginner
  • High Stock CFD fees
  • Withdrawal fees for transfers below $100
  • Inactivity fee (€10/monthly after 1+ year with no activity plus no deposit in the last 90 days)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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 Slovakia

4# Trading 212

trading 212 logo
Visit Trading 212
76% of retail CFD account lose money.

Trading 212 at a glance

0% Commissions
Mobile App
ProductsCFDs, Stocks, ETFs, Commodities, Forex, and Cryptocurrencies
Minimum Deposit€1
RegulatorsFCA, FSC, NBS

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.

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 Slovakia

How to invest in stocks from Slovakia?

You can use one of the online brokers shown above: eToro, XTB, Nextmarkets and Trading 212.

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 Slovakia?

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.