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Is Etrade available in the UK and EU? Alternatives for 2022

Franklin Carneiro da Silva| Updated September 22nd, 2022
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.
Disclaimer: 78% of retail CFD accounts lose money when trading with this provider.

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 and ETFs, ideal for novice investors.

A 0% commission platform that provides low overnight fees, tight spreads, and no currency conversion fees! With access to over 6,100 markets, It offers stocks and ETFs plus CFD trading in indices, shares, cryptos, commodities and Forex. Check out our full review.
Disclaimer: 81.40% of retail CFD accounts lose money when trading with this provider.


Recent commission-free broker with no currency conversion fees. Besides, you have access to “curated investing” (similar to social trading) – Not available in the UK. Check our Nextmarkets review.
Disclaimer: 56.65% 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
78% of retail CFD account lose money.

eToro at a glance

0% Commissions
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. 78% 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 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


Is Etrade available in the UK and EU? Alternatives for 2022 1
81.40% of retail investor accounts lose money. at a glance

0% Commissions
Mobile App
ProductsStocks, ETFs and CFDs in indices, shares, cryptos, commodities and Forex
Minimum Deposit€20
RegulatorsFCA, CySEC, ASIC and NBRB

Founded in 2016, is a fintech group of companies committed to building the world’s best trading experience. They utilise AI-enabled technology and integrations with the likes of Trading view to offer a unique trading experience.

With 500,000+ active users, is a commission-free broker in stocks, ETFs and CFDs in indices, shares, cryptos, commodities and Forex. The only charges you will notice are spreads (the difference between the buy and sell prices) and overnight fees (only if you have leveraged positions).

The trading platforms on desktop and mobile are highly customised to your individual trading preferences. You have access to news feeds, extended trading hours and a wide range of orders types. Investors also have lots of educational content to explore, the minimum deposit is only €20 (except for a wire transfer: €250), and the customer service is available 24/7 through different channels (live chat, e-mail, WhatsApp, Facebook Messenger,…).

Besides, is supervised by top tier regulators such as FCA, CySEC, ASIC and NBRB. You are under Investment Protection Schemes, Negative Balance Protection, segregated funds, two-factor authentification and data protection.

On the downside, stock and ETF trading is not available in all countries, the platform does not offer Options or Bonds, and it may be overwhelming for beginners.

Want to know more about Check our review.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.40% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Etrade Europe Alternatives

4# 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!

Etrade Europe Alternatives

5# 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, BaFin

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.

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.