5 Best Commission-Free Brokers in the Czech Republic for 2022

Franklin Silva| Updated January 18th, 2022
Commission-free brokers in the Czech Republic

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 the Czech Republic (Czechia), we have taken a cost-benefit relationship, which made us select five 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 Czech Republic:

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.

DEGIRO

A discount broker in Europe with almost 2 million users. It adopts a simple fee structure – a flat handling fee per transaction (it varies between countries) plus 0.25% on FX fees. More information on our DEGIRO summary.
Disclaimer: Investing involves risk of loss.

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 the Czech Republic by the Česká národní banka, ČNB. As such, all are under investor protection schemes.

Comparison of commission-free brokers in the Czech Republic

5 Best Commission-Free Brokers in the Czech Republic for 2022 1
5 Best Commission-Free Brokers in the Czech Republic for 2022 2
5 Best Commission-Free Brokers in the Czech Republic for 2022 3
5 Best Commission-Free Brokers in the Czech Republic for 2022 4
5 Best Commission-Free Brokers in the Czech Republic for 2022 5

Website

Overview

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

Degiro is a discount broker allowing retail clients to benefit from the same low rates and opportunities that used to only be available to professional clients.

Trading 212 is a global online broker that lets you trade stocks and ETFs for free. Besides, it offers CFDs on forex, commodities, and more, 

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.

Nextmarkets is a commission-free online broker based in Cologne that allows investment in a wide selection of financial assets .

Demo Account

5 Best Commission-Free Brokers in the Czech Republic for 2022 6
5 Best Commission-Free Brokers in the Czech Republic for 2022 7
5 Best Commission-Free Brokers in the Czech Republic for 2022 6
5 Best Commission-Free Brokers in the Czech Republic for 2022 6
5 Best Commission-Free Brokers in the Czech Republic for 2022 6

Account Minimum

$50

€1

€1

€1

€1

Products and Markets

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

Real Stocks, ETFs, Investment Funds, Futures, Leveraged Products, Bonds and Warrants.

Real Stocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system.

Real Stocks, ETFs, Forex and CFDs on Stocks, ETFs, Indices, cryptocurrencies and commodities

Real Stocks, ETFs, Forex and CFDs on stocks, ETFs, indices, bonds, cryptocurrencies, and commodities.

Fees

US stocks

$0

€0

+ €0.50 flat handling fee

€0

€0

(up to €100.000 in monthly volume transactions) - Only applicable in some countries

€0

(€1 for orders below €250)

EU stocks

$0

€3.90

+ €0.50 flat handling fee

€0

€0

(up to €100.000 in monthly volume transactions)- Only applicable in some countries

€0

(€1 for orders below €250)

ETFs

$0*

*Not all ETFs are offered with 0% commissions.

200 free ETFs; Other ETFs: €0.50 flat handling fee

€0

€0

(up to €100.000 in monthly volume transactions)- Only applicable in some countries

€0

(€1 for orders below €250)

Currency Conversion fee

Starts from 50 pips

0.25%

0.15%

0.50%

0%

Security

Regulators

FCA; CySEC; ČNB

AFM; DNB; FCA; ČNB

FCA; FSC; ČNB

FCA; KNF; CySEC; ČNB

MSFA; ČNB

Investor Compensation Scheme

(per person, per instituion)

Up to €20.000

Up to €20.000 
(from non-returned assets up to 90%). More info here

Up to £85.000

Up to £85.000

Up to €20.000
(from non-returned assets up to 90%). More info here

Commission-free brokers in the Czech Republic

1# eToro

5 Best Commission-Free Brokers in the Czech Republic for 2022 11
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, ČNB

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 the Czech Republic

2# Nextmarkets

5 Best Commission-Free Brokers in the Czech Republic for 2022 12
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, ČNB

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

  • 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
  • €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 the Czech Republic

3# XTB

5 Best Commission-Free Brokers in the Czech Republic for 2022 13
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, ČNB

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

  • Free stocks trading
  • Low Forex Spreads
  • Customizable trading platform (charts and workspace)
  • Demo account
  • No minimum account deposit
  • Valuable education materials
  • Top-tier Regulators
  • 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 the Czech Republic

4# DEGIRO

5 Best Commission-Free Brokers in the Czech Republic for 2022 14
Visit DEGIRO
Investing involves risk of loss.

DEGIRO at a glance

0% Commissions
Mobile App
ProductsStocks, Funds, ETFs, Futures, Leveraged Products, Bonds, and Warrants
Minimum Deposit€1
RegulatorsAFM, DNB, ČNB

Founded in 2013, DEGIRO is a low-cost brokerage firm that has become very popular due to its low rates! With almost 2 million users, the innovative platform has become widely known for its “do-it-yourself” philosophy in the sense that you have everything at your disposal to start investing on your own. It offers a wide range of financial assets to trade, including stocks, ETFs, bonds, options, futures contracts, warrants, investment funds, and some leveraged products (not quite the same as CFDs. More info here).

For instance, you can trade some stocks and ETFs for free (a €0.50 flat handling fee – external costs – still applies). You also have a list of 200 ETFs where you may trade once a month completely free with no minimum amount required. The web trading platform is basic, but it is efficient and straightforward to use. In a matter of minutes, you get used to it. The same applies to its mobile app. On the downside, there is an absence of any significant fundamental research, a €2.50 connectivity fee applies and pricing alerts are missing.

Regarding security, DEGIRO is the Dutch branch of flatexDEGIRO Bank AG (a German regulated bank). In the unlikely event that the segregated assets cannot be returned to clients, DEGIRO falls under the German Investor Compensation Scheme, which compensates any losses from non-returned assets up to 90% (with a maximum of €20,000), so do bear this in mind if you are planning to invest much larger volumes. Furthermore, any money deposited on a DEGIRO Cash Account with flatexDEGIRO Bank AG will be guaranteed up to an amount of €100,000 under the German Deposit Guarantee Scheme.

Still any doubts? Go through our DEGIRO Review!

DEGIRO Pros and Cons

  • There is a list of commission-free ETFs available (one free transaction per month – check DEGIRO’s official website in your country for more details and applicable conditions)
  • 0% commission in US stocks and ETFs
  • User-friendly web and mobile app
  • Wide range of investment options
  • Education material: Investor’s Academy and Investing with DEGIRO
  • Super low commission structure
  • Manual FX conversion option
  • No account opening, inactivity, or withdrawal fee
  • €0.50 flat handling fee
  • €2.50 connectivity fee (paid annually)
  • Doesn’t offer Forex, CFDs, or Cryptos
  • No demo account
  • Little research

Commission-free brokers in the Czech Republic

5# Trading 212

5 Best Commission-Free Brokers in the Czech Republic for 2022 15
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, ČNB

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

  • Commission-free Real Stocks and ETFs trading
  • AutoInvest & Pies feature
  • Fast and easy account opening process
  • Demo account
  • Top Tier Regulators
  • 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 the Czech Republic

How to invest in stocks from the Czech Republic?

You can use one of the online brokers shown above: eToro, XTB, DEGIRO, 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 the Czech Republic?

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.