Which commission does the calculator use?

The published stock commission for each broker's home market. It is the one line item documented comparably everywhere. Percentage tariffs are applied to your order value, and minimum and maximum charges are respected. If you mainly trade options, futures or CFDs, use the fee table on the individual broker page instead.

Why are some brokers missing from the ranking?

Because they publish no comparable stock commission — typically pure CFD or forex providers whose cost sits inside the spread. Inventing a figure just to fill the row would be worse than leaving it out. Spreads are documented on the individual broker pages.

How realistic is the FX markup?

The markup comes from the broker's own pricing schedule and is applied to the share of your order value settled in a foreign currency. If you hold a foreign-currency account and convert yourself, you do not pay it — set the share to 0%. If you buy US shares from a euro account, you pay it twice per round trip: on the way in and on the way out.

Are spreads and taxes included?

No. The calculator covers the explicit fees a broker discloses. Spreads, exchange fees, third-party cost surcharges and withholding or capital-gains taxes depend on venue, instrument and residency, and would distort the comparison rather than improve it.

Why is the cheapest broker not automatically the best?

Cost is one criterion out of ten. Regulation, investor protection, platform quality and product range all matter — a broker that saves you 40 euros a year but does not offer the exchange you need is the wrong answer. The score beside each name leads to the full assessment.

Calculators

Fee calculator

What does a year of trading really cost at each broker?

For identical trading behaviour, the gap between the cheapest and the most expensive broker routinely runs into three figures — every year. Enter how you actually trade and the calculator ranks 42 brokers by annual cost, split into commission, currency conversion, custody and inactivity.

Your trading profile

Every field is an annual figure. Results update as you type — there is nothing to submit.

Orders per year

Buys and sells combined.

Average order value

Typical size of a single order.

Account currency

Orders in a foreign currency30 %

Share of orders the broker has to convert for.

Average portfolio value

The base for percentage custody fees.

Account would go dormant

Adds the inactivity fee where the broker charges one.

Assumptions

The commission used is the broker's domestic stock order fee. Options, futures, CFDs and funds are priced differently.
Brokers with a tiered price list are left out of the ranking: their bands cannot be reduced to a single order fee.
For per-share pricing we assume a share price of 100 units to derive the share count.
Fees quoted in another currency are converted to euro at static reference rates so they are comparable. These are not live rates.
Not included: spreads, exchange fees, third-party cost surcharges, taxes, deposit and withdrawal fees, and individually negotiated terms.
Multi-year savings are the plain sum of the annual difference — the money saved is not reinvested.

Cheapest broker

€27

Trading 212 — Estimated total cost per year for this profile.

Commission: €0
FX conversion: €27
Custody: €0
Inactivity: €0

Median across brokers

€163

Midpoint of the ranking across 28 comparable brokers.

Saving against the median

€136

No interest on the money saved — the plain sum of the annual difference.

over 1 year: €136
over 5 years: €678
over 10 years: €1,355

Ranked by annual cost

28 results

#	Broker	Commission	FX conversion	Custody	Inactivity	Annual cost	Visit broker
1	Trading 2124.1 / 5	€0	€27	€0	€0	€27	Review Visit broker Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
2	Interactive Brokers4.5 / 5	€30	€0.36	€0	€0	€30	Review Visit broker Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
3	Public.com3.9 / 5	€0	€54	€0	€0	€54	Review Visit broker Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
4	Freedom243.9 / 5	€60	€0	€0	€0	€60	Review Visit broker Risk warning: investing in securities involves risk. You may lose some or all of the capital you invest.
5	Admirals (Admiral Markets)4.1 / 5	€22	€54	€0	€0	€76	Review Visit broker Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
6	Lightyear3.8 / 5	€24	€63	€0	€0	€87	Review Visit broker Risk warning: investing in securities involves risk. You may lose some or all of the capital you invest.
7	XTB4.3 / 5	€0	€90	€0	€0	€90	Review Visit broker Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
8	Estably3.9 / 5	€94	€0.72	€0	€0	€94	Review Visit broker Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
9	justTRADE3.3 / 5	€24	€72	€0	€0	€96	Review Visit broker Risk warning: investing in securities involves risk. You may lose some or all of the capital you invest.
10	CapTrader4.2 / 5	€96	€0.54	€0	€0	€97	Review Visit broker Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.
11	DEGIRO4.0 / 5	€72	€45	€0	€0	€117	Review Visit broker Risk warning: investing in securities involves risk. You may lose some or all of the capital you invest.
12	LYNX4.1 / 5	€139	€0.90	€0	€0	€140	Review Visit broker Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

42 brokers are missing from the ranking. At least one of the figures this calculation needs is not recorded for them: a comparable stock commission, the currency conversion markup, the custody fee or, for a dormant account, the inactivity fee. Leaving them out beats assuming a zero, which would make them look artificially cheap.

10 of them lack only the currency conversion markup, because they publish none — for example because they trade US shares in euro and the conversion sits inside the price. Set “Orders in a foreign currency” to 0% to include them; the ranking then covers orders with no foreign currency at all.

Not in the ranking while no country of residence is chosen, because according to our data their share trading is offered only in some countries: Kraken (for US customers only) and Coinbase (not for retail clients in the EEA).

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

Note: These calculators are for information only and are not investment advice. Content on Brokaro is for information purposes only and is not investment, legal or tax advice.

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How this is calculated

The ranking is built from four line items every broker has to disclose. Each is shown separately so you can see where the difference comes from — for frequent traders commission dominates, for buy-and-hold portfolios holding US shares it is almost always the FX markup.

Formula

Annual cost = commission × orders + order value × FX share × orders × conversion markup + portfolio value × custody rate + inactivity fee

Minimum and maximum charges are applied before multiplying by the number of orders — exactly how a broker bills it. This is the same logic the broker directory uses when you sort by cost. Brokers with no comparable published stock commission are left out of the ranking rather than estimated.

The result is an estimate built from publicly documented pricing schedules and your inputs. Schedules change; verify critical numbers with the broker before opening an account.