Fortuneo vs BoursoBank — which broker is better?

Pros

• Starter makes the first Euronext order of up to EUR 500 each month free and charges 0.35% on every other order (the price list sets no minimum); Progress charges EUR 4.90 up to EUR 3,000 and Trader Pro EUR 9.50 up to EUR 10,000
• No opening, account-keeping or custody fee on the PEA, PEA-PME-ETI or compte-titres
• Arkéa Direct Bank holds a French banking licence from the ACPR, and the ECB lists it among the entities of the significant Crédit Mutuel group
• FGDR protection of EUR 100,000 on cash and EUR 70,000 on securities per investor and institution
• PEA and PEA-PME-ETI with IFU tax reporting; inside the plans the legal cap of 0.5% per online order limits brokerage on small orders
• Broad range: about 30,000 shares, more than 12,000 ETFs, 49,000 funds and 7,500 bonds, plus about 42,800 turbos, warrants and certificates
• Currency conversion at the next-day rate plus 0.12%, and a free Live Trader desktop platform with real-time Euronext prices
• Phone support six days a week (Monday to Friday 08:00–20:00, Saturday 09:00–18:00), plus chat and e-mail in the app and client area

Cons

• Effectively for residents of France: the PEA needs French tax residence, and from abroad only French nationals can open the compte-titres
• Expensive outside Euronext and the US: German, UK and Swiss orders cost 0.20% with a EUR 20 minimum plus EUR 30 of foreign-broker fees on every tariff
• One tariff per account and EUR 60 to switch; on Starter a US order also costs at least EUR 50
• We found no options, futures, CFDs, crypto, fractional shares or automatic ETF savings plan in the published offer
• Live Trader needs Java 8 or later and does not run on phones or tablets; site, app and support are in French only
• Closing a PEA or PEA-PME costs EUR 85, and moving securities out costs EUR 15 per line (capped at EUR 150 for a PEA)

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