It’s a known fact that the stock trading platforms in Europe are a few steps ahead of America when it comes to technology and their services. Some might say they aren’t efficient but I’m sure it exists somewhere. As for me, I believe you can make any good platform work.
Money is our greatest concern which is why we often look for ways to save it. This blog post will provide some guides on getting the best deals on brokers and platforms for your European life.
Saxo Bank
Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA).
Saxo Bank is a global service provider and its subsidiaries are present in the form of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Bank UK.
Saxo Bank is considered safe because it has a long track record, a banking background and is regulated by top-tier financial authorities.
#1 Saxo Bank
App functionalities and features5.0
Saxo Bank’s user-friendly mobile platform has the same look and very similar functionalities as the web platform.
| Pros | Cons |
|---|---|
| • User-friendly | None |
| • Two-step (safer) login | |
| • Good search function |
The Saxo Bank stock trading app is available on both iOS and Android.
| Saxo Bank | Questrade | TradeStation | Revolut | DEGIRO | |
|---|---|---|---|---|---|
| Two-step authentication | Yes | Yes | Yes | No | Yes |
| # of order types | 5 | 5 | 5 | 4 | 5 |
| Search function | Great | Mid-range | Mid-range | Great | Great |
| Price alerts | Yes | Yes | Yes | Yes | No |
| Order confirmation | Yes | Yes | Yes | Yes | Yes |
| User-friendly | Great | Great | Great | Great | Great |
Best stock trading apps for Europeans – Saxo Bank stock trading app
Questrade
Questrade, founded in 1999, is one of the most popular brokerage firms in Canada. It is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and is a member of the Canadian Investor Protection Fund (CIPF).
Questrade is considered safe because it has a long track record and is regulated by a top-tier regulator.
App functionalities and features
The Questrade mobile trading platform is great. It is user-friendly and well-designed.
| Pros | Cons |
|---|---|
| • User-friendly | None |
| • Two-step (safer) login | |
| • Good variety of order types |
The Questrade stock trading app is available on both iOS and Android.
TradeStation
TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).
TradeStation is considered safe because it has a long track record; discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.
App functionalities and features
TradeStation’s mobile platform is great. It is very user-friendly and well-designed, offering price alerts and excellent order management. However, search functions could be better.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited search functions |
| • Two-step (safer) login | |
| • Good variety of order types |
The TradeStation stock trading app is available on both iOS and Android.
Finviz Stock Screener
- Who it’s for: All levels
- Price: Free for the basic version, $25 a month for Finviz Elite
By far one of the most intuitive and easiest stock screening tools available on the market, Finviz is an asset for both beginning traders and seasoned professionals alike.
The name Finviz comes from a combination of the words financial and visualization, referring to the site’s wide array of candlestick charts and easy-to-comprehend visuals that tell you how the market is doing with a single glance.
Finviz’s stock screener is impressive, sorting and scanning stocks with over 60 technical, descriptive, and fundamental characteristics.
Access to Finviz’s real-time market data comes with its $25 per month Elite version — but for professional traders, this is money well spent for a gold mine of data.
Best For
Active Traders
Moomoo
- Who it’s for: Cost-conscious traders
- Price: Free
Moomoo was designed as a platform for smart trading, while investors can also enjoy the benefits of low fees.
This mobile trading platform built their advanced tools well-organized in one app. It’s free and easy to use for both beginners and experienced traders. A host of research tools can help you make smart investment decisions. There’s also a paper trading feature with real-time data if you want to simulate the investment experience before going all in.
Moomoo allows you to invest when it’s convenient for you. You can initiate trades whether to go or at home, with your customized set-ups synced on different devices. Plus, there’s no minimum deposit to open an account.
Benzinga Pro
- Who it’s for: All levels
- Price: Starts at $99 per month – Learn More
Benzinga’s own Benzinga Pro is a full suite of easy-to-use, customizable stock research tools.
The core of the platform is the real-time newsfeed, but includes several other tools for stock research. Users can also set up a variety of real-time alerts, including desktop notifications, email, and voice alerts among the tools.
Tools inside Benzinga Pro include:
- Newsfeed
- Screener
- Movers (Find top gainers and losers)
- Audio Squawk
- Stock Details
- Why Is It Moving?
- Calendar Suite
- Watchlists
- Signal Alerts (including opening gaps, block trades and options alerts)
Whether you’re looking for a screener, top movers or want to chat with other traders, Benzinga Pro brings all the essential tools together in a single platform. Each of the tools are customizable so you can fit it to your trading strategy.
Get started for free – Join product demo today!
Stock Rover
- Who it’s for: Professional investors
- Price: Free to $479.99 bi-annual subscription
Stock Rover is a comprehensive stock analysis and screening tool that gives investors access to high-quality research tools, educational content, expert analysis and more.
Stock Rover goes well beyond standard analysis tools, offering account holders 1 of the most comprehensive sets of screening criteria and research qualifications that we’ve seen. For example, users can filter investment opportunities using over 650 metrics with Premium Plus access.
Stock Rover offers 4 different plan tiers, which can become confusing for new investors who aren’t exactly sure which tools they’ll use. However, free accounts offer a wide range of functionality that gives users a better feel for Stock Rover’s setup, along with a free trial of Premium Plus functionality. Getting started with a Stock Rover account is also exceptionally easy — we were able to open our free account in under 60 seconds.
7. Yewno Edge
- Who it’s for: Beginner to advanced traders who want customizable workspaces
- Price: Basic package starts at $59 per month, but you can try it free for 14 days
Looking for a new, affordable, and non-traditional way to enhance your trading? Enter Yewno|Edge.
The AI-driven platform will help you save timewhile uncovering opportunities using altnerative data. Some capabilities allow you to click of a button.
Basic components include access to the following:
- A stock watchlist complete with custom fields
- Today’s top movers
- Stock screener with fundamental and alternative data
- News with options to filter based on keywords
- Company profiles and overviews
- Advanced charting to look at current and historical prices
- Filings for public companies
Premium and pro features allow for users to access a custom strategy builder, key developments for stocks you may be watching and portfolio and concept exposures.
Read Benzinga’s full Yewno|Edge Review
8. TradingView
- Who it’s for: All skill levels
- Price: Free to about $40 a month for the most in-depth packages
TradingView is a combination stock screening tool and charting package that offers a more readable charting software than some of the best investing apps on the market.
Featuring a clean and easy-to-master format with over 100 indicators, both new traders and veterans will be able to use TradingView on a day-to-day basis. It even offers cryptocurrency and forex screeners.
Like most other screeners and charting software, TradingView follows a freemium model that offers some tools for free and the most advanced features for a monthly fee.
Novice and moderate traders won’t need to buy a subscription to get some great use out of TradingView’s charting and screening software.
Seeking Alpha
- Who’s it for: Investors from beginners to professionals
- Price: Basic, free; Premium, $19.99/month; Pro, $199.99/month
Using Seeking Alpha to research stocks allows you to do several things, including:
- Tracking your portfolio
- Reading news
- Reading articles by expert authors
- Checking stock charts
- Receive stock alerts
- Subscribe to the newsletter
You can also set up stock scanners or review lists built by Seeking Alpha. This platform is rich with data, and you can add indicators to stock charts for every security on the market.
Aside from the obvious advantages of the platform, Seeking Alpha allows you to study strategies that help you succeed on the market. Follow your favorite author. Read their articles, interact as much as you can and track your portfolio so that you can remain as financially healthy as possible.
Conclusion
Trading has become easier than ever with the automated brokers, but it can still be daunting to get started for many people. Even if you know what you want to trade it can be difficult to find the platform that’s right for you. That’s why we’ve written this article, so that we can draw together all of the information on different trading platforms, and save you time in doing your research._