BoursoBank vs Avanza — which broker is better?

Pros

• Four Euronext tariffs, from Découverte at EUR 1.99 per order up to EUR 500 to Ultimate Trader at EUR 9.90 up to EUR 10,000 for 30 or more orders a month
• Brokerage on a PEA, PEA 18-25 or PEA-PME is capped at 0.5% of the order, so a EUR 100 PEA order on Découverte costs EUR 0.50
• More than 275 Boursomarkets ETFs with no commission on purchase (75 of them PEA-eligible), plus partner funds and leverage products without brokerage
• No custody fee, free account opening and closing, and no monthly charge on the Découverte tariff
• Boursorama SA is a French bank authorised by the ACPR, supervised by the ACPR and the AMF, and part of the ECB-supervised Société Générale group, listed on Euronext Paris as GLE
• Acts as French paying agent: annual IFU, social contributions and the advance tax deducted on dividends, and the TTF collected on purchases
• A large free information service: real-time Euronext streaming, daily market briefings, partner analyses and the Bourso Campus video course

Cons

• Built for French tax residents: the app route expects a French tax address, a French phone number and possibly a French IBAN, foreign tax residents get in only 'under certain conditions' through a separate route, and they may not trade US markets
• We found no listed options, futures or CFDs in BoursoBank's product list or price brochure, and direct crypto is not offered (crypto only via ETNs); we found no fractional shares and no demo trading account beyond virtual portfolios
• Outside a PEA, Découverte charges 0.60% above EUR 500, and Classic and Trader cost EUR 5.95 in any month without an executed order
• Other European markets start at EUR 11.95 per order, and currency is converted at the next-day rate plus 0.0025 points
• We found service only in French (the general terms make French the sole binding language): phone Monday to Friday 08:00–20:00 and Saturday 08:45–16:30, otherwise the Bourso.IA chatbot (24/7) and written requests through the client area

Pros

• Start class: 0% courtage on Stockholmsbörsen and 100% of fund fees refunded for customers who have never had SEK 50,000 in total savings at Avanza, until SEK 50,000 or more than 500 free trades in 12 months
• Mini class from 0.25% with a SEK 1 minimum on Stockholmsbörsen and First North, and a USD 1 minimum on US shares
• Avanza Bank AB is a Swedish bank supervised by Finansinspektionen, and the parent Avanza Bank Holding AB is listed on Nasdaq Stockholm as AZA
• Two Swedish schemes: the deposit guarantee covers uninvested cash up to SEK 1,150,000 per customer and institution, the investor compensation scheme covers securities up to SEK 250,000
• SEK 0 annual, management and deposit fees on every account type in the price list, ISK, kapitalförsäkring and pensions included, and no minimum deposit
• Wide range for a domestic bank: shares in the Nordics, North America and nine further European markets online, desk orders on most other exchanges, funds without courtage, ETFs, options, futures, certificates, warrants and bonds
• Avanza calculates the ISK flat-rate income and reports it to Skatteverket, and the pre-filled K4 form costs SEK 0 since January 2026
• Free real-time prices for the Nordic markets, Nasdaq and NYSE, and US trading from 11:00 to 22:30 Swedish time

Cons

• The website and app address residents of Sweden; residents abroad cannot trade European shares online, and we found no route in from Germany, Austria or Switzerland
• Automatic currency exchange costs 0.25% in each direction, 0.5% on a round trip; the manual service at 0.125% per direction does not cover funds and, according to Avanza, cannot be added to an ISK and needs an approved securities credit on the aktie- och fondkonto
• One courtage class applies to all orders on all accounts: a SEK 10,000 order costs SEK 25 in Mini but SEK 39 in Small, SEK 69 in Medium and SEK 99 in Fast Pris
• We found no demo account and no source for fractional shares; crypto exposure is limited to exchange-traded certificates, and Avanza does not sell crypto assets directly
• Support in Swedish, by phone and by secure message in the logged-in area; we found no live chat and no email address, and general opening hours were not readable on the pages we could open