The Best Platform to Invest with Low Commission in Austria 🇦🇹 [2024]
Invest in digital currencies, stocks, indices and much more
In This Guide
The best trading platform for beginners in 2024
Navigating the world of online trading can be daunting for beginners, especially when choosing the right trading platform. To help you make an informed decision, we’ve reviewed and ranked the best trading platforms for beginners in Austria in 2024. Our expert panel has assessed these platforms based on their user-friendliness, cost-effectiveness, range of features, and overall reliability.
The best trading platform overall for 2024
- eToro: Best for Social Trading
Editors picks: our best trading platform
- Copy-Trading
- Worldwide regulation
- Users from 100 countries
- Demo Account
84.97% of retail CFD accounts lose money
- 430+ thousand users
- Publicly traded company
- Very low spreads
- Mobile trading app
84.97% of retail CFD accounts lose money
- 3000+ assets
- Demo trading account
- Market analysis
- Easy-to-use interface
84.97% of retail CFD accounts lose money
- 0 trading commissions
- Free trading signals
- Advanced analytics
- Demo account
84.97% of retail CFD accounts lose money
The top online brokers in Austria, reviewed
- CopyTrading – a feature to copy top investors
- Worldwide regulation
- Users from over 100 countries
- Demo Account
- Copy-Trading
- Worldwide regulation
- Users from 100 countries
- Demo Account
84.97% of retail CFD accounts lose money
Overview
eToro is the leading social trading platform, allowing beginners to follow and copy the trades of experienced investors. This unique feature, combined with a wide range of assets, makes eToro an excellent choice for those new to trading.
Pros:
- Innovative social trading features with CopyTrader
- Wide range of assets, including stocks, forex, commodities, and cryptocurrencies
- Commission-free stock trading
- Extensive educational resources and community support
Cons:
- Spreads can be higher than some competitors
- Inactivity fees apply
Why Choose eToro?
eToro’s social trading capabilities and user-friendly platform make it perfect for beginners who want to learn from experienced traders while having access to a diverse range of assets.
- 430+ thousand subscribers
- Reputable publicly traded company
- Very low spreads
- Mobile trading app
- 430+ thousand users
- Publicly traded company
- Very low spreads
- Mobile trading app
84.97% of retail CFD accounts lose money
Overview:
Plus500 is renowned for its powerful mobile trading app, making it ideal for traders who prefer to manage their investments on the go. The platform offers a wide range of CFDs, including shares, forex, commodities, and ETFs.
Pros:
- Highly rated mobile app available on iOS and Android
- Commission-free trading with tight spreads
- Advanced risk management tools, such as stop-loss and take-profit orders
- Regulated by multiple top-tier authorities (FCA, ASIC, CySEC)
Cons:
- Limited research and analysis tools compared to some competitors
- Primarily focused on CFDs, not suitable for buying actual stocks
Why Choose Plus500?
If you’re looking for a robust mobile trading experience, Plus500 is a top choice. Its intuitive app, combined with competitive pricing and solid regulatory oversight, ensures a seamless trading experience on the go.
- 3000+ world-renowned trading assets
- Demo trading account
- Daily Market analysis
- Intuitive & easy-to-use interface
- 3000+ trading assets
- Demo account
- Daily Market analysis
- Easy-to-use interface
84.97% of retail CFD accounts lose money
Overview:
Capital.com stands out as the best overall trading platform for beginners due to its intuitive interface, comprehensive educational resources, and competitive pricing. The platform offers access to a wide range of markets, including stocks, forex, commodities, and cryptocurrencies.
Pros:
- User-friendly interface with a sleek design
- Extensive educational content, including webinars and tutorials
- AI-powered trading insights to help beginners make informed decisions
- Commission-free trading on most assets
- Regulated by top-tier authorities (FCA, CySEC, ASIC)
Cons:
- Limited advanced trading features for professional traders
Why Choose Capital.com?
Capital.com’s blend of user-friendly features, educational tools, and low costs make it an excellent choice for beginners. The platform’s AI-driven insights and educational resources provide a solid foundation for new traders to build their skills.
- Invest with 0 commissions
- Free trading signals
- Advanced analytical tools
- Demo account
- 0 trading commissions
- Free trading signals
- Advanced analytics
- Demo account
84.97% of retail CFD accounts lose money
Overview
Capex excels in providing educational resources tailored for beginners. The platform offers a comprehensive learning academy, including courses, webinars, and articles to help new traders understand the complexities of the market.
Pros:
- Extensive educational resources and learning materials
- User-friendly interface with customizable trading tools
- Wide range of assets, including stocks, forex, commodities, and cryptocurrencies
- Competitive spreads and no hidden fees
Cons:
- Limited social trading features
- Inactivity fees apply
Why Choose Capex?
Capex is perfect for beginners who prioritize education. The platform’s robust learning resources and user-friendly tools help new traders develop their skills and confidence in the market.
- Invest with 0 commissions
- Demo trading account
- Free trading signals
- Advanced analytical tools
- Invest with 0 commissions
- Demo trading account
- Free trading signals
- Advanced analytical tools
84.97% of retail CFD accounts lose money
Overview
Libertex is a popular choice for cost-conscious traders, offering a straightforward fee structure with competitive spreads. The platform provides access to a variety of markets, including forex, stocks, commodities, and cryptocurrencies.
Pros:
- Low fees and tight spreads
- User-friendly platform with a clean interface
- Access to a wide range of trading instruments
- Regulated by the CySEC
Cons:
- Limited advanced trading tools for experienced traders
- No social trading features
Why Choose Libertex?
If minimizing costs is your priority, Libertex is a great option. Its low fees and tight spreads make it an attractive choice for beginners looking to maximize their returns.
- More than 6000 products
- Leveraged derivatives in stocks, indices, etc
- World-class customer service
- Long and short orders
- More than 6000 products
- Leveraged derivatives
- Good customer service
- Long and short orders
84.97% of retail CFD accounts lose money
Overview
Exness is known for its tight spreads, making it an ideal platform for cost-effective trading. The platform offers a range of assets, including forex, metals, cryptocurrencies, and indices, with excellent trading conditions.
Pros:
- Competitive spreads starting from 0.3 pips
- No hidden fees or commissions
- User-friendly interface with powerful trading tools
- Regulated by multiple top-tier authorities (FCA, CySEC, FSCA)
Cons:
- Limited educational resources compared to some competitors
- Restricted access in certain jurisdictions
Why Choose Exness?
Exness’s competitive spreads and transparent fee structure make it a top choice for beginners who want to minimize trading costs while enjoying a user-friendly trading experience.
- Real-time portfolio monitoring
- Flexible funding and withdrawal
- Trading tips for beginners and experts
- Smart charts, webinars & Tutorials
- Portfolio monitoring
- Flexible withdrawal
- Trading tips for traders
- Smart charts, & webinars
84.97% of retail CFD accounts lose money
Overview
AvaTrade offers a secure trading environment with robust regulatory oversight and comprehensive trading tools. The platform supports a variety of assets, including forex, stocks, commodities, and cryptocurrencies.
Pros:
- Regulated by top-tier authorities worldwide (FCA, ASIC, FSCA)
- Commission-free trading with competitive spreads
- Access to advanced trading platforms, including MetaTrader 4 and 5
- Strong educational resources
Cons:
- Inactivity fees apply
- Some assets only available through MetaTrader software
Why Choose AvaTrade?
AvaTrade’s strong regulatory framework and comprehensive trading tools provide a secure environment for beginners to start their trading journey with confidence.
- 3000+ world-renowned trading assets
- Demo trading account
- Daily Market analysis
- Intuitive & easy-to-use interface
- 3000+ trading assets
- Demo trading account
- Daily Market analysis
- Intuitive interface
84.97% of retail CFD accounts lose money
Overview
Fortissio is known for its exceptional customer support, providing personalized assistance to traders at all levels. The platform offers a range of assets and competitive trading conditions.
Pros:
- Excellent customer support with dedicated account managers
- User-friendly platform with a range of trading tools
- Competitive spreads and no hidden fees
- Regulated by the HCMC
Cons:
- Limited educational resources compared to some competitors
- Inactivity fees apply
Why Choose Fortissio?
Fortissio’s outstanding customer support and user-friendly platform make it an excellent choice for beginners who value personalized assistance and competitive trading conditions.
- Invest With 0 Commissions
- Free trading signals
- Advanced analytical tools
- Intuitive & easy-to-use interface
- 0 Commissions
- Free trading signals
- Analytical tools
- Easy-to-use interface
84.97% of retail CFD accounts lose money
Overview
Warren Bowie & Smith provides a range of tools specifically designed for beginners, including educational resources and a user-friendly interface. The platform offers access to various markets, including forex, stocks, and commodities.
Pros:
- User-friendly interface with beginner-focused tools
- Comprehensive educational resources
- Competitive spreads and no hidden fees
- Regulated by the FSA
Cons:
- Limited advanced trading features for professional traders
- Inactivity fees apply
Why Choose Warren Bowie & Smith?
Warren Bowie & Smith’s focus on beginner-friendly tools and educational resources makes it an ideal platform for new traders looking to develop their skills and confidence.
Conclusion
Choosing the right trading platform is crucial for beginners to succeed in the financial markets. Each of these platforms offers unique features and benefits, catering to different needs and preferences. Whether you prioritize low fees, educational resources, or innovative social trading features, there’s a platform on this list that’s perfect for you. Start your trading journey with confidence by choosing one of these top-rated platforms in 2024.
How We Chose the Best Online Trading Platform in Austria
Selecting the best online trading platform in Austria requires a detailed analysis of various factors to ensure that traders have access to the most efficient, secure, and user-friendly platforms. Our evaluation process involves meticulously assessing the platforms based on key criteria tailored to the needs of Austrian traders. Here’s how we determined the leading trading platforms in Austria:
Key Evaluation Criteria
Regulation and Security:
- Ensuring the safety and security of traders’ funds and data is paramount. In Austria, we prioritized platforms that are regulated by reputable authorities.
- eToro stands out in this regard, being regulated by multiple top-tier financial authorities, ensuring a secure and compliant trading environment.
- Plus500 also maintains a strong regulatory standing, providing a safe platform for Austrian traders.
User Experience and Interface:
- A seamless and intuitive interface is essential for both novice and experienced traders.
- eToro offers an exceptionally user-friendly interface that simplifies navigation and trading, making it an ideal choice for traders of all levels.
- Plus500 also provides a clean, easy-to-use interface, allowing for straightforward access to markets and trading tools.
Range of Tradable Assets:
- A diverse range of tradable assets allows traders to build a well-rounded portfolio.
- eToro excels in offering a wide variety of assets, including stocks, forex, commodities, and cryptocurrencies, catering to Austrian traders seeking diversification.
- Plus500 offers a broad selection of assets as well, focusing on CFDs across different markets, providing ample opportunities for traders to explore various investment avenues.
Trading Tools and Features:
- Advanced trading tools are crucial for making informed decisions.
- eToro provides a comprehensive set of tools, including social trading features that allow users to mimic successful investors’ trades, making it an excellent platform for both learning and trading.
- Plus500 offers a range of technical analysis tools and risk management features, such as guaranteed stop-loss orders, which are beneficial for managing trading strategies.
Fees and Costs:
- Trading costs can significantly impact overall profitability, so we evaluated platforms based on their fee structures.
- eToro is known for its competitive pricing, with transparent fees and no hidden charges, making it a cost-effective option for traders.
- Plus500 also offers competitive spreads and low-cost trading, appealing to cost-conscious traders.
Customer Support:
- Reliable customer support is essential for resolving issues and answering queries promptly.
- eToro provides 24/7 customer support with a strong reputation for quick and effective assistance.
- Plus500 offers round-the-clock support through various channels, including live chat and email, ensuring that traders receive timely help.
Educational Resources:
- Access to educational resources is vital for traders looking to enhance their skills and knowledge.
- eToro excels in this area, offering a wealth of learning materials, including tutorials, webinars, and courses, catering to both beginners and advanced traders.
- Plus500 provides a solid range of educational tools, including a demo account and trading guides, to help traders improve their strategies.
Conclusion
After a thorough evaluation, eToro emerges as the best online trading platform in Austria, offering a comprehensive and well-rounded package that meets the needs of traders at all levels. Plus500 is also a strong contender, providing a secure and user-friendly environment for CFD trading.
More About Stock Trading Platforms in Austria
Austria boasts a dynamic and well-regulated financial market, attracting traders who seek access to both domestic and international markets. The country offers a variety of trading platforms that cater to different needs and preferences. Here’s an in-depth look at stock trading platforms in Austria and what they offer:
Overview of the Austrian Stock Market
- Austria’s stock market is well-developed and integrated with global markets, providing traders with access to a wide range of investment opportunities.
- The market is known for its stability and transparency, making it an attractive destination for investors.
Key Features of Austrian Stock Trading Platforms
Access to Global Markets:
- Austrian trading platforms provide access to global markets, allowing traders to invest in stocks from major exchanges worldwide.
- eToro offers extensive global market access, including international stocks, forex, commodities, and cryptocurrencies.
- Plus500 also provides access to a broad range of global markets, primarily through CFDs.
Regulatory Compliance:
- Austrian platforms are typically regulated by stringent financial authorities, ensuring adherence to high standards of security and transparency.
- eToro and Plus500 both comply with international regulatory standards, providing a secure trading environment for Austrian investors.
Diverse Asset Offerings:
- Austrian platforms offer a variety of tradable assets, enabling traders to diversify their portfolios.
- eToro is known for its wide range of asset offerings, which includes equities, forex, commodities, and more.
- Plus500 focuses on CFDs across various asset classes, offering a robust selection for traders interested in this type of trading.
Advanced Trading Tools:
- Platforms in Austria are equipped with advanced trading tools to enhance the trading experience.
- eToro provides an array of tools, including social trading features and detailed market analysis.
- Plus500 offers powerful charting tools and technical indicators, catering to traders who rely on detailed market data.
User-Friendly Interfaces:
- Austrian platforms prioritize ease of use, with interfaces designed to accommodate both novice and experienced traders.
- eToro and Plus500 both feature intuitive platforms that make trading accessible and straightforward.
Educational Resources:
- Education is a key focus for many Austrian trading platforms, with resources available to help traders improve their skills.
- eToro offers comprehensive educational materials, including video tutorials and in-depth courses.
- Plus500 provides a range of educational content, including a demo account for practice trading.
Why Choose eToro in Austria?
- eToro stands out as the top trading platform in Austria due to its robust features, including social trading, extensive asset coverage, and excellent customer support. With strong regulatory oversight and a user-friendly platform, eToro is well-suited to meet the needs of Austrian traders.
Conclusion
Stock trading platforms in Austria offer a variety of features and benefits tailored to different trading styles and preferences. eToro and Plus500 are leading choices, providing the tools and resources necessary to succeed in Austria’s dynamic financial market.
What Products Can I Trade with an Austrian Stock Broker?
Austrian traders have access to a wide range of financial products through leading brokers like eToro and Plus500. Here’s an overview of what you can trade:
Equities (Stocks):
- Local Stocks: Access companies listed on the Vienna Stock Exchange and other major exchanges.
- International Stocks: Invest in stocks from global exchanges like NYSE, NASDAQ, and more through eToro.
Exchange-Traded Funds (ETFs):
- Domestic ETFs: Invest in ETFs that track Austrian or European indices.
- Global ETFs: Gain exposure to international markets and sectors through a variety of global ETFs offered by eToro and Plus500.
Forex (Foreign Exchange):
- Major Currency Pairs: Trade popular currency pairs like EUR/USD, GBP/USD, and USD/JPY.
- Exotic Currency Pairs: Access less common pairs for diversification and volatility trading.
Commodities:
- Precious Metals: Trade gold, silver, platinum, and palladium.
- Energy Commodities: Invest in crude oil, natural gas, and more.
- Agricultural Commodities: Access a range of agricultural products, including corn, wheat, coffee, and soybeans.
Indices:
- European Indices: Trade indices like the DAX, FTSE 100, and CAC 40.
- Global Indices: Access international indices like the S&P 500, NASDAQ 100, and Nikkei 225.
Cryptocurrencies:
- Popular Cryptocurrencies: Trade well-known digital currencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) on eToro.
- Emerging Cryptocurrencies: Access a growing list of alternative cryptocurrencies for diversification and speculative trading.
Contracts for Difference (CFDs):
- Leverage Trading: Trade a wide range of assets using leverage, allowing you to amplify your exposure with a smaller capital investment.
- Diverse Asset Classes: CFDs are available on stocks, indices, commodities, forex, and cryptocurrencies, providing flexibility and variety.
Conclusion
Austrian stock brokers offer a comprehensive selection of financial products, catering to various investment strategies and preferences. Whether you’re interested in local stocks, global ETFs, forex, or cryptocurrencies, eToro and Plus500 provide the tools and access needed to succeed in today’s dynamic markets.
Are Stock Brokers in Austria Regulated?
Conclusion
Regulation of stock brokers in Austria is robust, designed to protect investors, maintain market integrity, and ensure fair trading practices. Choosing a regulated broker like eToro or Plus500 ensures that you are trading in a secure and compliant environment, giving you peace of mind as you navigate the financial markets.
How Much Money Do I Need to Start Using an Online Broker in Austria?
Starting your trading journey in Austria requires understanding the financial commitment involved. The amount of money needed to begin trading with an online broker can vary based on several factors, including the broker’s requirements, the types of assets you wish to trade, and your personal financial goals. Here’s what you need to know:
Minimum Deposit Requirements:
- eToro’s Minimum Deposit:
- eToro offers a flexible minimum deposit structure, allowing traders to start with a relatively low amount. The minimum deposit typically starts at $50, making it accessible for beginner traders.
- Plus500’s Minimum Deposit:
- Plus500 generally requires a minimum deposit of $100, which is also accessible for most traders in Austria.
- eToro’s Minimum Deposit:
Factors Influencing Your Initial Investment:
- Trading Goals and Strategy:
- Define your trading goals and strategies to determine the amount you need to start trading effectively. Day traders may need more capital to manage larger positions, while long-term investors may start with smaller amounts.
- Risk Tolerance:
- Assess your risk tolerance to decide how much capital you’re willing to risk. It’s essential to start with an amount you’re comfortable losing, especially as you learn the market dynamics.
- Asset Types:
- Different assets have varying costs and margin requirements. Forex trading often requires less capital than stocks or commodities, depending on leverage and market conditions.
- Leverage Availability:
- Brokers like eToro and Plus500 offer leverage, allowing you to control larger positions with a smaller initial investment. However, leverage also increases risk, so it should be used cautiously.
- Trading Goals and Strategy:
Additional Costs to Consider:
- Transaction Fees:
- Be aware of transaction fees such as spreads, commissions, and withdrawal fees that can impact your overall investment.
- Inactivity Fees:
- Some brokers charge inactivity fees if your account remains dormant for a certain period. Ensure you understand the fee structure to avoid unexpected charges.
- Educational Investments:
- Consider investing in educational resources, courses, or tools that can enhance your trading knowledge and skills.
- Transaction Fees:
Conclusion
Starting to trade with an online broker in Austria requires careful consideration of your financial situation, goals, and risk tolerance. eToro’s low minimum deposit and Plus500’s accessible deposit requirements make them attractive options for beginners looking to enter the market without significant financial barriers. By planning your investment carefully and understanding the associated costs, you can embark on your trading journey with confidence and clarity.
Which Trading App in Austria Has the Best User Reviews?
Choosing a trading app with positive user reviews is essential for ensuring a smooth and satisfying trading experience. In the competitive Austrian trading landscape, several apps stand out due to their user-friendly interfaces, advanced features, and excellent customer support. Here’s a look at the trading app that garners the best user reviews in Austria:
- User Reviews and Ratings:
- High Ratings:
- eToro’s app consistently receives high ratings on platforms like the Apple App Store and Google Play Store, reflecting its reliability and user satisfaction.
- Positive Feedback:
- Users praise the app for its ease of use, comprehensive features, and responsive customer support, making it a preferred choice for many Austrian traders.
- High Ratings:
Conclusion
eToro’s trading app stands out as the best-rated app among Austrian traders due to its user-friendly interface, advanced features, and strong regulatory compliance. Whether you’re a beginner or a seasoned trader, eToro’s app provides the tools and support needed for a successful trading experience in Austria’s fast-paced market.
How to Buy Stocks in Austria
Buying stocks in Austria offers investors access to a well-regulated and transparent market. The Vienna Stock Exchange (Wiener Börse) is a major hub for trading Austrian securities, and international markets are also accessible. Here’s a step-by-step guide on how to buy stocks in Austria:
Step 1: Choose a Reputable Broker
- Selecting a Broker:
- Choose a broker regulated by the FMA or other reputable authorities. eToro and Plus500 are excellent choices, providing secure and user-friendly platforms with access to both domestic and international markets.
- Selecting a Broker:
Step 2: Open a Trading Account
- Account Registration:
- Visit the broker’s website or download their app to begin the registration process.
- Provide personal information, including your name, address, and contact details.
- Verification Process:
- Complete the KYC (Know Your Customer) process by submitting identification documents such as a passport or ID card.
- Verify your bank account details to enable deposits and withdrawals.
- Fund Your Account:
- Deposit funds into your trading account using available payment methods, such as bank transfers, credit/debit cards, or e-wallets.
- Ensure you meet the broker’s minimum deposit requirements, which can vary based on account type and trading goals.
- Account Registration:
Step 3: Research Stocks
- Conducting Research:
- Analyze financial statements, earnings reports, and other relevant documents to assess a company’s performance and prospects.
- Use tools like eToro’s market insights to understand trends and identify promising opportunities.
- Stay updated on sector-specific developments and broader economic factors influencing stock prices.
- Conducting Research:
Step 4: Execute Trades
- Placing an Order:
- Use your broker’s platform to search for the desired stock and place an order.
- Choose the type of order you wish to execute, such as market orders, limit orders, or stop-loss orders.
- Monitoring Your Investments:
- Regularly review your portfolio to track performance and make adjustments as needed.
- Utilize trading tools and alerts to stay informed about market movements and potential opportunities.
- Diversify Your Portfolio:
- Consider diversifying your investments across different sectors and asset classes to manage risk effectively. eToro and Plus500 offer access to a wide range of financial instruments, allowing you to create a balanced portfolio.
- Placing an Order:
Step 5: Manage Risk
- Risk Management Strategies:
- Set stop-loss orders to protect your investments by limiting potential losses.
- Understand your risk appetite and avoid over-leveraging your positions.
- Continuously evaluate your risk management strategies and adjust them based on market conditions and personal goals.
- Risk Management Strategies:
Conclusion
Buying stocks in Austria involves selecting a reputable broker, conducting thorough research, and executing trades with informed strategies. With the right tools and approach, investors can capitalize on the opportunities available in Austria’s vibrant stock market. eToro and Plus500 provide secure and user-friendly platforms to support traders in making confident and informed investment decisions.
FAQs
eToro is considered the best trading platform in Austria, offering a comprehensive range of features, including social trading, extensive asset coverage, and excellent customer support.
Yes, online brokers in Austria are regulated by the Austrian Financial Market Authority (FMA) and other reputable international regulators, ensuring a secure and transparent trading environment.
The minimum deposit to start trading on eToro is $50, while Plus500 generally requires a minimum deposit of $100. The amount you need may vary depending on your trading goals and risk tolerance.
Yes, you can trade international stocks through brokers like eToro and Plus500, which offer access to global markets, including major exchanges like NYSE and NASDAQ.
You can fund your trading account using various payment methods, including bank transfers, credit/debit cards, and e-wallets, such as PayPal and Skrill. Both eToro and Plus500 offer a range of payment options to make funding your account convenient and secure.
When choosing the right broker, consider factors such as regulation, user experience, range of tradable assets, fees, and customer support. eToro is an excellent choice for those interested in social trading and a wide variety of assets, while Plus500 is ideal for traders who prefer CFD trading and a straightforward, user-friendly interface.
Yes, mobile trading is widely available in Austria. Both eToro and Plus500 offer robust mobile apps that allow you to trade on the go, monitor your investments, and access trading tools and features from your smartphone or tablet.
Conclusion
Navigating Austria’s trading landscape in 2024 requires understanding the unique aspects of the market and the available platforms. By addressing these frequently asked questions, traders can gain the knowledge and confidence needed to succeed in Austria’s dynamic financial markets. eToro and Plus500 offer the tools, resources, and support necessary to thrive in this competitive environment.
Best trading platforms by country
Which is the best platform for my country?
Determining the best trading platform in your country isn’t straightforward, as it largely depends on your individual needs, budget, and long-term goals. If you’re outside Austria, our experts have evaluated and rated top brokers in various countries to assist you in finding the one that best suits your requirements.