Skip to main content

Is Etrade available in the UK and EU? Alternatives for 2023

Franklin Carneiro da Silva| Updated January 4th, 2023
etrade uk and europe

Etrade UK and Europe – Expansion Plans and Alternatives

Until 2013, Etrade was operating in the UK and EU through its subsidiary E*Trade Securities Ltd. Etrade has since shut down much of its operations in Europe and the UK as the company decided to sharpen its focus on its core US business. So, unfortunately, Etrade is no longer available in many European countries like the UK or Ireland (save for the exceptions mentioned below).

At the time of Etrade’s withdrawal from Europe, concerns about the euro zone’s sovereign debt crisis and the global economy reduced trading activity by UK investors and those in other parts of Europe. Since it already represented a small fraction of E*TRADE’s total trades and revenues, the company’s decision to cease operations in those regions wasn’t a difficult one.

As of this writing, you may open an E*TRADE account in France, Germany and some other European countries (E*TRADE only gives you this information upon request). However, you must submit a paper version of the application form and a copy of your passport via fax or regular mail (there is no e-mail option or other online option), making it costly, complex and not worth it, in our view.

But don’t despair. We believe you are well-served by plenty of existing European alternatives, and this article will help you find the right one.

How did Etrade reach stardom?

It all started in 1982 (yeah, 39 years ago!) in Virginia, US. It has been through major economic crises, financial bubbles, and political instability and got away pretty easily, so it does not admire the reputation that it has achieved so far.

E*TRADE, which Morgan Stanley acquired at the beginning of 2020 (more info here), offers an electronic trading platform to trade financial assets, including stocks, ETFs, futures contracts, options, mutual funds and fixed-income investments (bonds). While better known for these easily accessible investment services, it also offers online banking, advisory, and other cash-management services.

In Europe, we can find no comparable one-stop shop for all these services, but that’s not why you’re here.

You’re here to learn about low or zero-commission trading platforms such as E*TRADE and its US competitors (Webull, Robinhood, TD Ameritrade). Your bank takes care of everything else.

So read on. We’ve got your back!

UK and EU alternatives to E*TRADE

The following options are based on our due diligence in this field and we believe that they are the best ones available in the UK and EU markets. We used some criteria such as top-tier regulators (FCA), customer feedback, platform ease-of-use, accessibility for UK and EU investors, and, of course, costs.


Commission-free stock and ETF trading. You can also copy other traders/investors. Check our eToro review.

Interactive Brokers

Founded in 1978, IBKR is one of the world’s most trustworthy brokers. It offers an enormous range of financial products (stocks, ETFs, Options,…), and low currency conversion fees (FX fees). Check our Interactive Brokers review.
💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors.


A European broker known for its exclusive offering of new stocks at their IPO (initial) price with an average return of 52% in three months. It also offers shares and ETFs on major American, Asian and European exchanges, the lowest price for US stock options in the EU, and the USD savings account with 3% interest and daily accrual. Check our Freedom24 review. (Not available in the UK yet)
Disclaimer: Capital is at risk.


Plus500 is one of the leading CFD brokers. It 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.
Disclaimer: 81% of retail CFD accounts lose money when trading with this provider.


One of the leading online brokers in Europe due to the low-cost structure. It offers commission-free stock and ETF trading. Check our DEGIRO review.
Disclaimer: Investing involves risk of loss.

Etrade Europe Alternatives

1# eToro

etoro logo
Visit eToro
81% of retail CFD accounts lose money.

eToro at a glance

0% Commissions(on Stocks)
Mobile App
ProductsCFDs, ETFs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum Deposit$50 (it varies between countries – 10$ in the UK)
RegulatorsCySEC, FCA, and ASIC

eToro has been a leader in the global Fintech revolution. It is the world’s leading social trading network, with over 14 million registered users and an array of innovative trading and investment tools. You can trade by yourself, follow other traders, discuss ideas, and even mimic successful trading strategies.

The online platform is intuitive, allowing one to navigate the PC version or the mobile app smoothly. It offers many different financial instruments to trade, such as CFDs, ETFs, stocks, commodities, Forex, and cryptocurrencies. eToro provides 0% commission on stocks and ETFs (not all ETFs are commission-free). The spreads on CFDs may vary according to each financial product, so keep that in mind before placing an order.

The account opening process is pretty easy and fast. You only need a couple of minutes to sign up and follow the identification procedure. Moreover, if you are not yet comfortable with investing, eToro provides you with a practice account.

eToro is considered safe since top-tier financial authorities regulate it like the Financial Conduct Authority (FCA), and it has shown resilience during the Covid-19 market turmoil.

On the negative side, it only has one account base currency (USD) and charges a $5 commission per withdrawal you decide to make. Plus, cost-free trading only applies when you trade real stocks or ETFs. In other words, if you leverage your positions, you’re trading CFDs and not real stocks or ETFs, and so you will incur spreads and overnight fees.

If you are interested, please read our eToro Review.

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.

Etrade Europe Alternatives

2# Interactive Brokers

interactive brokers logo
Visit Interactive Brokers

Interactive Brokers at a glance

0% Commissions
Mobile App
ProductsStocks, Bonds, ETFs, Forex, Funds, Commodities, Options, Futures, CFDs and Cryptos
Minimum Deposit€0

Founded in 1978 and publicly listed in NASDAQ (ticker: IBKR), Interactive Brokers is a global online broker which surpassed major financial crises, showing resilience and a rigorous risk management process.

Interactive Brokers offers an advanced investment platform that includes a wide range of products (stocks, options, mutual funds, ETFs, cryptocurrencies, futures, bonds, and currencies) from 150 markets, solid trade execution (Smart routing), and a set of technical and fundamental tools to help you in your investment decisions.

Beginners and intermediate investors have educational tools to explore, but the learning curve will be steep. That´s why we mainly endorse it to more advanced traders. Besides, the customer service gives crystal clear answers to your doubts, so there is no need to go back and forth.

On the downside, Interactive Brokers’ fee structure is quite complex, the registration process is lengthy, and the broker doesn’t offer commission-free trading. However, when considering FX fees, narrower spreads, and the stock loan program, Interactive Brokers’ clients still get significant savings compared to most brokers.

Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for beginner investors. Some of the features of IBKR GlobalTrader include automatic currency conversions, fractional shares, demo account, and more.

Want to know more about Interactive Brokers? Check our Interactive Brokers Review.

Etrade Europe Alternatives

3# Freedom24

Is Etrade available in the UK and EU? Alternatives for 2023 3
Visit Freedom24
Investing involves risk of loss.

Freedom24 at a glance

0% Commissions
Mobile App
ProductsStocks, ETFs, Bonds, Futures and Options, new shares at initial (IPO) price
Minimum Deposit€/$0
RegulatorsCySEC, BaFin, SEC

Founded in 2015, Freedom24 has already offered to its 400,000+ worldwide clients the stocks of 260+ new companies at the IPO price, as well as 40,000+ stocks, 1,500+ ETFs, 800,000+ US Stock Options, and 147,000+ bonds on the largest exchanges in Europe, Asia, and the US.

Freedom24 trading platform can be accessed through PC and mobile App versions. Both trading platforms are adequate for executing trades. They are well designed and intuitive but lack customization options. You are provided with additional features such as “InvestIdeas” and “News”.

Freedom24 flagship product is clearly its offering of the new stocks at the IPO price to hundreds of companies awaiting their opportunity to trade on major stock exchanges. There is excitement around this feature since it was only available for institutional investors.

In addition to the above, all Freedom24 clients have D-accounts – USD saving accounts at 3% per annum, which is higher than most European saving accounts (let´s be fair, we are comparing to EUR accounts that are at 0%). Besides, the customer service gives understandable answers to your doubts, so there is no need to go back and forth.

On the downside, it requires a minimum of $2,000 for IPOs participation, charges €7 per withdrawal, and presents an above-average currency conversion fee.

Want to know more about Freedom24? Check our Freedom24 Review.

Disclaimer: Investments in securities and other financial instruments always involve the risk of loss of your capital. Buying stocks at IPO prices may involve additional restrictions.

Etrade Europe Alternatives

4# Plus500

Is Etrade available in the UK and EU? Alternatives for 2023 4
Visit Plus500
81% of retail CFD accounts lose money.

Plus500 at a glance

0% Commissions(only in Plus500 CFD)
Mobile App
ProductsCFDs and, on Plus500 Invest, Real Shares
Minimum Deposit€/£/$100
RegulatorsFCA, CySEC, MAS, ASIC, FMA

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, Trade Sniper, 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 easy to use 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 Interactive Brokers? Check our Plus500 Review.

81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Etrade Europe Alternatives

5# 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€0
RegulatorsAFM, DNB

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 €1.00 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!

Which broker should I use?

Ask yourself: what are my needs as an investor? Are low commissions my priority or a robust online platform? Does a range of products matter to me or am I just looking for a particular financial instrument?

We believe most brokers cover the basics that let you start investing, but you should prioritise the importance you give to each of these factors.

We hope we made a useful contribution to your investment journey! Remember that investing requires prior research and a focus on building a diversified portfolio, to spread your risk and ultimately ensure that your money is put to good use.

The best online broker in your specific case will depend on your profile, preferences, and objectives. Explore the websites mentioned above and decide for yourself.

Remember that while this article is meant to be informative, it should not be construed as investment advice. Investors should do their own research and due diligence about the services and opportunities best suited for their risk, return, and impact strategies.

We hope we helped you, and please leave your comments below.

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.