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5 Best Commission-Free Stock Brokers in the Czech Republic in 2024

Updated on May 21, 2024
Fact checked

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 five online brokers as our top picks for the best brokers in the Czech Republic. We’ve listed the following factors that investors like you always take into account: fees, investment platforms, the range of markets and instruments available, and education resources.

These are our suggestions for the best investing apps in Czech Republic:

eToro

An online broker that offers commission-free stock trading. You can also copy other traders/investors. Slick, modern, and easy for anyone to use. It is trusted by more than 30 million clients worldwide. See our eToro summary.

Plus500

Plus500 is a multi-asset online broker that offers no commissions when trading CFDs in Indices, Forex, Commodities, Cryptocurrencies, Shares, Options, and ETFs. It also recently launched Plus500 Invest for those who want to invest in real shares. See our Plus500 summary.
Disclaimer: 80% 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: 81% of retail CFD accounts lose money.

DEGIRO

A discount broker in Europe with almost 2.5 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.

Comparison of brokers in the Czech Republic

Broker
US stock fees
Interest offered
Financial instruments
eToro logo

51% of retail CFD accounts lose money.

$0
Up to 5.3% in USD
Stocks, ETFs, cryptocurrencies and CFDs on stocks, ETFs, commodities, Forex, indices and cryptocurrencies.
5 Best Commission-Free Stock Brokers in the Czech Republic in 2024 1

80% of retail CFD accounts lose money.

$0.006 per shareOn Plus500 Invest only
0%
Stocks (Plus500 Invest) and CFDs on indices, Forex, commodities, cryptocurrencies, shares, options and ETFs.
XTB logo

76-85% of retail CFD accounts lose money.

€0Up to €100.000 in monthly volume transactions - Only applicable in some countries.
EUR: 4.20% first 90 days, then 2.00%; USD: Up to 5% first 90 days, then 2.50%; GBP: 5.20%
Stocks, ETFs, Forex and CFDs on stocks, ETFs, indices, cryptocurrencies and commodities.
5 Best Commission-Free Stock Brokers in the Czech Republic in 2024 2

Investing involves risk of loss.

€/£1+€/£1 flat handling fee
0%
Stocks, ETFs, investment funds, futures, leveraged products, bonds and warrants.
Trading 212 logo

Investing involves risk of loss.

€/£0
EUR: 4.20%; USD: 5.10%; GBP: 5.20%
Stocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system.

1# eToro

eToro logo
Visit brokerRead review

eToro at a glance

0% Commissions (on Stocks)
Mobile App
Minimum Deposit$50
RegulatorsCySEC, FCA
Visit eToroRead review
Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.

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 30 million users worldwide. You can also invest in other products through their platform, which is intuitive and simple to use, making it a good choice for beginners. Plus, eToro offers commission-free stock trading in Europe.

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 ETF trading (other fees apply)
  • 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
  • Only one currency account (USD) - a currency conversion fee is applied if you deposit in a different currency
  • Doesn’t offer bonds, futures, or options

2# Plus500

5 Best Commission-Free Stock Brokers in the Czech Republic in 2024 3
Visit brokerRead review

Plus500 at a glance

0% Commissions
Mobile App
ProductsCFDs and, on Plus500 Invest, Real Shares
Minimum Deposit€/£/$100
RegulatorsFCA, CySEC, MAS, ASIC, FMA
Visit Plus500Read review

80% of retail CFD accounts lose money.

Founded in 2008, Plus500 is an online broker offering a wide range of financial products, including real shares and CFDs on forex, indices, shares, commodities, options, ETFs, and cryptocurrencies. It is available in over 50 countries and is listed on the London Stock Exchange.

There are two distinct account types:

  • Plus500 CFD: It only focuses on CFD products;
  • Plus500 Invest: Where you can trade stocks (real shares);

As a side note, Plus500 Futures, a platform only available for US users and where you can trade Futures, is also part of the Plus500 group.

The web platform you will use is the WebTrader, Plus500’s proprietary platform, offering a stable trading experience and easy access from multiple devices, including a mobile app. All platforms are intuitive and responsive, and you can start testing the features by opening a demo account.

Their customer support is helpful and easy to assess through a chat that is always shown on the trading platform. Their spreads are low, and they offer accounts in sixteen currencies, including USD, EUR, and GBP. Still, they charge a 0.70% currency conversion fee and a $10 monthly fee following three months with no activity. On Plus500 Invest, they only charge a small commission per trade (US market: $0,006/share).

Finally, it is regulated by financial regulators like the FCA and CySec, meaning that Plus500 is appropriately supervised and that there is an investor protection scheme under the entity you open an account with. For instance, If you open an account as a European investor through Plus500CY Ltd, you are protected up to €20,000. Additionally, Plus500 provides negative balance protection for CFD trading on a per-account basis – only to retail clients from the European Union.

Want to know more about Plus500? Check our Plus500 Review.

Plus500 Pros and Cons

Pros

  • Acessible and responsive platform
  • Low spreads
  • No dealing commissions
  • Demo Account
  • Top-tier regulators

Cons

  • No ETF offering
  • Inactivity fee ($10 per month after no login activity in 3 months)
  • High overnight funding fees
  • Very little research and education provided

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

3# XTB

XTB logo
Visit brokerRead review

XTB at a glance

0% Commissions
Mobile App
ProductsCFDs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum Deposit€1
RegulatorsCySEC, FCA, ČNB
Visit XTBRead review

76-85% of retail CFD accounts lose money.

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 (only applicable to some countries)
  • Customizable trading platform (charts and workspace)
  • Low Forex Spreads
  • Demo account
  • No minimum account deposit
  • Valuable education materials
  • Top-tier Regulators

Cons

  • Complex trading platform for a beginner
  • High Stock CFD spreads
  • Limited product portfolio
  • 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. 81% 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.

4# DEGIRO

5 Best Commission-Free Stock Brokers in the Czech Republic in 2024 4
Visit brokerRead review

DEGIRO at a glance

0% Commissions (in some ETFs - external fees apply)
Mobile App
ProductsStocks, Funds, ETFs, Futures, Leveraged Products, Bonds, and Warrants
Minimum Deposit€1
RegulatorsAFM, DNB, ČNB
Visit DEGIRORead review

Investing involves risk of loss.

Founded in 2013, DEGIRO is a low-cost brokerage firm that has become very popular due to its low rates! With almost 2.5 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 ETFs for free (a €1.00 flat handling fee – external costs – still apply) 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, a €1.00 commission for US stocks 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

Pros

  • List of commission-free ETFs available (external fees apply)
  • User-friendly web and mobile app
  • Wide range of investment options
  • Education material: Investor’s Academy and Investing with DEGIRO
  • Low overall commission structure
  • No account opening, inactivity, or withdrawal fee

Cons

  • 0.25% currency conversion fee (charged if you deposit or invest in a different currency than your base currency)
  • €/£1 flat handling fee (charged in most transactions)
  • €/£2.50 of connectivity fee (paid annually), per exchange where you’re invested
  • Does not offer Forex, CFDs, and Cryptos
  • No demo account
  • Little research
  • Low-quality customer support

5# Trading 212

Trading 212 logo
Visit brokerRead review

Trading 212 at a glance

0% Commissions
Mobile App
ProductsCFDs, Stocks, ETFs, Commodities, Forex, and Cryptocurrencies
Minimum Deposit€1
RegulatorsFCA, FSC, ČNB
Visit Trading 212Read review

Investing involves risk of loss.

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
  • One free share worth up to €100 using the promo code "IITW"
  • High interest on uninvested cash

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.

FAQs

How to invest in stocks from the Czech Republic?

You can use one of the online brokers shown above: eToro, XTB, Plus500, DEGIRO 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.

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About the author
Franklin Silva
Co-Founder & Fintech Analyst

Franklin has three years of experience in Wealth Management as a Fund Research Analyst, has passed the CFA level II, and is the host of the "Edge Over Hedge" YouTube channel.

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