Broker Cost Comparison Tool
European and UK Brokers tend to have complex fee structures, making them hard to compare. However, most of our readers have simple portfolios that makes it possible to run illustrative scenarios and compare the overall cost in an accumulation phase. Here is how it works.
Important note: this tool was recently released as a beta version, and we are currently working on its next reiteration. It is still in very early testing stages. If you have any questions, notice any inconsistency or want to prioritise your broker as next addition, please contact us.
HOW THE TOOL WORKS
- The tool provides an estimate of the overall cost over the simulated investment horizon, with an initial lump sum and monthly investments.
- Brokers may offer different account types. The simulation takes into account the most basic and cheapest option for a long term index investor.
- We include visible fees like Trading Commissions and less visible fees like Custody Fees, Inactivity Fees or any Account Management Fees.
- We assume an investor only trades through main European Lit Exchanges. Certain Payment-for-order Flow Venues may be included, but the execution is likely to be negatively affected. If it’s the case, it is flagged in the ‘More Information’ Section.
- When exchange fees are in GBP/CHF, we convert them to EUR to make them comparable. However, we only compare explicit exchange fees and do not account for differences in liquidity/spreads.
- Currently, the tool excludes any FX and withdrawal fees. We also don’t account for any local taxes and promotional discounts.
- Other considerations should play a role in selecting a broker, including availability of desired investment products, safety or convenience (e.g. language, tax reporting).
Here is the full analysis
- 31/05/2023
- Added Payment For Order Flow Fee Comparison Warning
- Added Trade Republic
- Added IBKR (UK)
- Added DEGIRO (UK)
- Added Freetrade
- Added Interactive Investor
- Added Vanguard Germany
- Upgraded Calculation Engine
- 30/05/2023
- Updated Bolero
- Updated RE=BE (Belfius)
- 29/05/2023
- Added Medirect
- Added BUX
- Added Mexem
- Added Lynx
- Added Keytrade Bank
- Added RE=BE (Belfius)
- Updated Hargreaves Lansdown
- Upgraded Calculation Engine
- 25/04/2023
- Corrected Same Initial Amount Input Scenario
- 15/04/2023
- Added Fidelity UK
- Added Vanguard UK
- Added Trading212
- Updated Hargreaves Lansdown
- 10/04/2023
- Added IG UK
- Added AJ Bell
- Added Swissquote Luxembourg
- Added Scalable Capital
- 1/4/2023
- Added Bolero
- Added DEGIRO
- Added ING Belgium
- Added Interactive Brokers
- Added Swissquote
- Added SAXO
- Added IG Markets UK
Safety
Fees are only part of the selection. Be aware of Broker Safety.
For Brokers regulated in most European Countries, only 90% of the losses may be covered by Investor Compensation Schemes, but usually not above €20,000. Cash balances often have a €100,000 guarantee.Read more here
DISCLAIMER
The information provided by this broker cost comparison tool is for general, educational amd informational purposes only. While we make every effort to ensure the accuracy of the information provided, we do not make any guarantees about the completeness, reliability, or suitability of the information. Broker costs may change at any time, and we cannot guarantee that the above tool will be updated promptly. Any reliance you place on the information provided by our tool is strictly at your own risk. The results provided by our tool are based on a simplified calculation that may not reflect all aspects of your individual circumstances. They should not be considered financial advice, nor should they be relied upon as a substitute for professional advice specific to your own financial situation. We recommend that you seek independent financial advice before making any financial decisions. We do not take any responsibility for any errors or omissions in the information provided by our tool, nor for any losses or damages that may arise from the use of our tool. We reserve the right to modify or discontinue our tool at any time without notice. By using our tool, you acknowledge that you have read and understand this disclaimer and agree to be bound by our terms and conditions.
