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by Down_n_Out 2754 days ago
Does something like this exist in Europe? Free trading would be a dream. Paying 7,5 EUR to 15 EUR or more for each transaction gets old quick.

Free: Or paying a very little amount compared with what is considered the norm.

6 comments

Not free, but Europeans can sign up with interactive brokers UK and the pricing is very good for US markets.

>Paying 7,5 EUR to 15 EUR or more for each transaction gets old quick.

Even if there was a free service in Europe I'm not sure I'd use it due to concerns about fill & execution quality. Or to use an IT analogy...if you're not paying you are the product. In this case via order flow being sold.

IB is the easiest American one to get for Europeans. It's been around for a while and plenty of respectable finance people have been using it (for personal trading).

If you travel to the US most major ones should open an account for you too. But they ban foreign IPs sometimes and unlocking can be hassle.

The only major problem with the US I'm aware of is the death tax exemption for non-residents is only 60000$, so you don't wanna die or need to structure appropriately.

https://stocks.getbux.com/ we will be launching it next year!

Disclaimer: I work at BUX.

Any plans for trading API? I presume you are from Netherlands, what exchanges you'll cover? What are limits to EU vs non-EU residents?

EDIT: formatting...

Thanks, will have a look!
Try KloudTrader

https://KloudTrader.com/Narwhal

Our brokerage is through Tradier.

These guys have actually been advertising on the radio lately (in the Los Angeles area).

  https://www.robinhood.com/
They are claiming zero commissions on US based securities, but then, how are they making money ?
Try degiro?
yep, https://www.degiro.eu/ has ~0,5$ fee on NYSE and NASDAQ
Thanks, will have a look!