5 Best Stock Brokers in Ireland

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Best Stock Brokers in Ireland

5 Best Stock Brokers in Ireland
5 Best Stock Brokers in Ireland

Now that you know about the various levels of broker services available for you and the considerations that must be made before choosing a stock broker, here are some of the best stock brokers to use in Ireland.

This list is incomplete, and you must always ensure that stock brokers are set and suitable for your needs before you make any investment.


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1. eToro

Pros Cons
Regulated by FCA, MiFID, ASIC More expensive than most of its competitors
0% commission on stocks
Social and copy trading No MetaTrader platforms

Best for: Traders who are interested in social copy trading
Minimum deposit: $200
Withdrawal fees: $5
Trading assets: Shares, crypto-assets, commodities, forex, ETFs, indices
Regulated by: FCA, CySEC, ASIC
Mobile app: Yes

Israeli online broker Ethoro is suitable for new and more experienced traders.

It offers a variety of technical analysis tools, news feeds, articles and educational resources, and online communities among traders.

Account opening is a fast online process, which generally takes no more than one day, with a minimum deposit of $ 200.

Customer service is available through direct chat and email. The level of response is generally fast and knowledgeable; But not available on weekends.

Visit eToro


2. DEGIRO

Pros Cons
Regulated by BaFin and FCA No credit or debit card deposits
No minimum deposit No demo account
Low trading fees No forex, CFDs, or crypto
No inactivity fee No customer support on weekends and no live chat
No withdrawal fee
No deposit fee
The web platform and mobile app are user-friendly

Best for: Traders who want to use an execution-only service
Minimum deposit: No minimum deposit
Withdrawal fees: No withdrawal fees
Trading assets: Shares, investment funds (not listed), ETFs, futures, bonds, forex
Regulated by: BaFin, ECB, DNB, AFM
Mobile app: Yes

In 2021, Degiro B.V. Joining FlatexDegiro Bank AG produces a special broker for Europe’s largest online execution with its own banking license. Degiro operates in 18 European countries, including Ireland, and generally has low trade and non-trade costs.

Degiro does not provide a demo account but does have a very good educational resource offer.

Opening a fast and fully online account, without a minimum deposit. However, deposits and withdrawals can only be done by bank transfer.

Customer service is provided via telephone and email in various languages, but there is no direct chat or 24/7 coverage.

Visit DEGIRO


3. Revolut

Pros Cons
Regulated by the FCA Limited commission-free trades depending on chosen plan
No withdrawal fees
No minimum deposit No demo account
No inactivity fee Limited product offering
Set price alerts Lacks educational resources
Offers fractional shares Limited customer support
User-friendly interface

Best for: Beginner traders
Minimum deposit: No minimum deposit
Withdrawal fees: None
Trading assets: crypto-assets, commodities, forex
Regulated by: FCA, SEC, FINRA
Mobile app: Yes

Revolut began as a banking and payment service, before opening its investment arm under the name Revolut Trading in 2019. Revolut offers Commission Free Trade through only cellular trading platforms. The account is available in Ireland but operates based on US dollars.

That does not provide a demo account or educational resource, and there is no desktop access to the platform. The process of opening the account is fully online and generally no more than one day.

Customer service is through chat or direct telephone but does not offer 24/7 coverage.

Visit Revolut


4. Interactive Brokers

Pros Cons
Regulated No additional platforms
Wide range of offerings Inactivity fees
Low commission
Socially responsible
24/5 customer support across multiple channels

Best for: Advanced traders with experience in research and data tools
Minimum deposit: $0–$110,000, depending on the type of account you open
Withdrawal fees: None
Trading assets: Shares, forex, ETFs, futures, commodities, bonds, mutual funds
Regulated by: IIROC, FSA, MAS, SFC, FCA, CFTC
Mobile app: Yes

This online broker does not have a presence in Ireland and therefore does not offer trade through the Irish Stock Exchange (ISEQ). However, he offers a variety of trade assets from many other countries.

Interactive brokers provide a variety of educational tools and resources and free access to various research materials.

The process of opening the account is fully online and generally no more than two days to be processed. Customer service is available by telephone, email, online chat, or Ibot, Monday to Friday.

Visit Interactive Brokers


5. Davy Select

Pros Cons
Regulated by CBI, FCA, CSSF High trading fees
Excellent educational and research resources Inactivity fee
Price alerts Account opening can take several days
No fee for next-day withdrawals in Ireland Customer support is not 24/7 and no live chat
No deposit fee No demo account
User-friendly platform High fees for international and same-day withdrawals in Ireland
Established company with extensive history Can’t use debit and credit cards for withdrawals and deposits

Best for: Traders wishing to invest in Irish ISEQ shares
Minimum deposit: €500
Withdrawal fees: Zero for next-day withdrawals in Ireland; €25-50 per transaction for same-day withdrawals in Ireland or international withdrawals
Trading assets: Shares, ETFs, mutual funds
Regulated by: CBI, FCA, CSSF
Mobile app: Yes

Ireland’s largest stock broker, Davy Select based in Ireland and London. Davy Select is a special broker for execution and part of the broader Davy group.

Davy Select provides excellent research and educational resources, but costs tend to be higher than their direct competitors. You will be charged if you leave your trading account inactive for any amount of time.

Unlike Degiro and Ethoro, the account opening process is not entirely online and generally takes longer about three days.

Customer service is available by telephone and email. However, there is no direct chat and coverage, not 24/7.

Visit Davy Select


If you decide to go into the trading market, by investing in assets such as stocks, commodities, or cryptocurrency, your first step is to find a suitable stock broker whose services are available in the country where you live.

Stock brokers buy and sell investment assets in your name in return for commission fees, acting as intermediaries between you and the trade market.

The type of stock broker that you choose will depend on what level of assistance you need, whether it is a completely managed service, the service is only a suggestion or that puts you in full control.

There are three types of stock broker:

  • Complete service brokers offer complete portfolio management services, including research and investment suggestions, making transactions for you, analysis and portfolio construction, tax suggestions, and public wealth management.

Pros: Saves your time by handling your portfolio and transactions for you.

Cons: The most expensive type of stockbroker and you have less control than with other types of services.

Discount Brokers – Offering less broad services, discount brokers do not offer financial advice but will make trading transactions based on your instructions.

Pro: cheaper than a full-service broker and gives more control.

Cons: Suggestions are not provided so you are fully responsible for the research.

  • Online Stock Brokers – Providing direct access to online trading platforms, online stock brokers are generally more suitable for experienced traders. This type of stockbroker offers educational and research resources.

Pro: Cheaper than a complete service broker and put you in full control.

Cons: This type of broker does not offer personalized advisory services.

Not sure you are ready to do that leap? Read your signs ready to trade.


What to Consider When Choosing a Stockbroker

Like any financial effort, trade carries a level of risk and one risk element is the stock broker you use. Before you decide which broker will be invested in, you must consider all the following factors:


What Level of Service Do do You Want?

Before you look at the available stock brokers, decide what level of service you want from them:

  • Do you want a fully managed service that will handle the process for you with broad research and suggestions?
  • Are you confident enough to make your own trading decisions and therefore only need your broker to do your transaction?
  • Do you want to make transactions online but also want access to research tools and educational resources?
  • Do you want one-to-one and personalized service?

Is the Stock Broker Suitably Regulated?

It is always recommended that you check the level of regulations carried by the stock broker, whether it is regulated in various countries, and who is the regulator.

Any stock broker operating in Ireland must have a permit to trade there from the Central Bank of Ireland (CBI) but some regulations are a good sign of the confidence of stock brokers.

The stock brokerage website must clearly state who they get.


What Trading and Non Trading Fees are Charged?

Stock brokers make money from various trade and non-trading costs charged to their clients. You must always check how much you will bear before you decide to invest with a stockbroker.

For example, some stock brokers charge a percentage fee, while others charge flat fees. Consider the following:

  • Is there a maximum commission fee or no upper limit at all?
  • Will you be charged an inactive fee if your account is not active for several months?
  • Is there a deposit and/or withdrawal fee?

If information is not available, ask a stock broker for clarification.


Are there Minimum Investment Thresholds?

Does the stock broker need a minimum deposit to be traded through them? For example, some require you to make a minimum deposit of € 100 or $ 100 before you can start trading with the broker.

Even where there is no overall minimum investment threshold, stock brokers may require a minimum amount of investment to trade in certain assets, such as commodities or stocks.


Investor Reviews and Word of Mouth Recommendations

Consider which stock brokers are recommended by investors and review sites. Which has a good or bad reputation with traders?

Carefully various stock brokerage reviews to get a complete picture of the performance of the stockbroker.

Remember that different traders require a different level of service from stock brokers and may be interested in other trade assets from your personal preferences. Find reviews from traders who share your needs, levels of expertise, and trade choices.


What Assets Can You Trade?

If you are interested in trading certain assets, for example, cryptocurrency or forex, it will benefit you to use stock brokers that not only trade in the asset but have a good reputation among the trading community for the type of investment.

There is no point in using a stock broker that does not offer trading assets that are interested in.


What Trading Platforms Does the Stock Broker Offer?

The trading platform is software that allows trade, monitoring, and reporting transactions. The trading platform can be accessed online or downloaded.

The more control you want over your trade, especially if you want to make your own transaction, the more important that your stock broker offers a trading platform that suits your needs.

Find out which trading platform the stockbroker provides and ask:

  • What type of access do you have to that platform?
  • What type of analysis tools does the platform provide?
  • How customizable is it?
  • Does it suit your level of trading knowledge?
  • Is access to the platform free or do you have to pay a fee?

Metatrader is one of the most commonly used trading platforms. To find out more, read our Metatrader review.


Does the Stock Broker offer Social Copy Trading?

Copy of trade is the practice of duplicating other traders’ transactions (generally more experienced). Social copying trading combines this by learning about trade through research and educational resources to increase your level of expertise.

If you are interested in social copy trading, find a stock broker that provides a copy of copying, research/education resources, and the merchant community that you can interact with you.

For more information about this path into trade, read what is social copying trade?


How Can You Interact with the Broker?

For any level of service you need, the quality of customer service must be suitable for your needs, for example:

  • 24/7 coverage, 24 hours on weekdays, or 9-5 Monday to Friday?
  • Customer service in the language you speak
  • Contact by telephone, email, or live chat
  • Is there an app available and does it provide sufficient customer care?

Final Thoughts

The list of the six best stock brokers in Ireland is incomplete and the most suitable broker for you will depend on your personal needs and preferences. Consider the following questions:

  • How much control do you want over your trade? Do you prefer to instruct the broker to operate in your name or make your own transaction?
  • What assets do you want to exchange?
  • Do you need financial advice, research equipment, and educational resources from your stock broker?
  • How much money do you have to invest?

Before deciding on the stock broker and handing over your money, always do research to make sure your money is in a safe hand.

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