5 Best Online Brokers in Portugal for 2025

That recommendation comes from our panel of trading experts, based on what we feel is most important: cost, security, and easy access to international markets.

We frequently test the best trading platforms & online brokers, and survey our Portuguese users to gather their thoughts and feedback on each of the top trading apps in Portugal.

Armed with that information we created a final ranking to answer the question: what are the best online brokers in Portugal for Portuguese users?

What is the best stock trading app in Portugal?

These are the brokers that we rank as the overall best online trading platforms in Portugal. 

4.4

IG Markets

Min. Deposit n/a

Fees Spread only

No. assets 17000+

Demo account Yes

Visit site

IG review

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

4.1

Bitpanda

Min. Deposit $25

Fees –

No. assets 3000+

Demo account No

Visit site

Bitpanda review

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong

4.1

DEGIRO

Min. Deposit n/a

Fees From €1

No. assets 2000000+

Demo account No

Visit site

DEGIRO review

Investing involves risk of loss

Top 5 online brokers in Portugal, reviewed & compared

1. IG Markets: Best for trusted and transparent trading

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4

Ratings

$-

Min. deposit

Spread only

Fees

17,000

No. assets

Yes

Demo account

Overview

We love IG because it’s one of the most established and reputable names in the online trading industry, known for its reliability, comprehensive market offerings, and strong regulatory compliance. IG offers CFD trading in stocks, forex, commodities, indices, ETFs and more, with plenty of useful plugins and integrations to improve the trading experience.

One of the key strengths of IG Markets is its seamless integration with MetaTrader 4 (MT4), a popular third-party trading platform favored by many traders for its advanced charting tools, automated trading capabilities, and custom indicators. This integration allows users to leverage MT4’s sophisticated features while benefiting from IG Markets’ competitive pricing, reliable execution, and extensive market access.

Beyond its product range and platform integrations, IG Markets stands out for its commitment to education and customer support. The company offers a wealth of educational resources, such as webinars, tutorials, and market analysis, which help traders of all levels improve their knowledge and skills.

The fees: For most assets, you don’t pay a trading fee but will be charged through the spread instead. That’s the difference between the buy and sell price of an asset. IG’s spreads are competitive but variable: you’ll pay a smaller spread on popular assets compared to less popular ones. Share trading works differently, and you’ll be charged a minimum fee on each trade of at least $15.

Highlights

No. of tradable assets	17,000+
Min. Deposit	$0
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETFs, Forex CFDs, Crypto CFDs, Index CFDs, Commodities
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSCA, MAS, FMA, ASIC, FCA, BaFin, FINMA, DFSA, BMA, CFTC, NFA

Fees & Costs

Trading fees	Yes
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Intuitive web trading platform Excellent demo account available Variety of deposit and withdrawal options Wide variety of useful educational tools Trading platform tutorial to get you started

Slow account opening process Unavailable in all regions

Read review Visit IG Markets

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

2. Bitpanda: Best for fractional & small scale investing

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4

Ratings

€25

Min. deposit

…

Fees

3,000

No. assets

No

Demo account

Overview

We love Bitpanda because it’s an all-in-one investment platform. BitPanda offers 250+ assets, including 50+ cryptocurrencies and a range of crypto indices, making it simple to invest in the crypto market without having to make tough decisions about each coin. 

BitPanda is one of the most accessible crypto platforms around. The minimum trade size is just €1 and you can automate your investments so that you can add more Bitcoin regularly. The BitPanda card offers cashback up to 2% paid in Bitcoin.

Small scale investing is just one of Bitpandas best features. It also offers a user friendly interface that simplifies the investment process. Its transparent fee structure means you’ll be fully aware of any costs before making a trade. There’s also a wealth of educational resources making it an excellent choice for investors wanting to learn more. 

The fees: Bitpanda’s fees are easy to understand. All fees are included in the spread, so you won’t be charged a commission on your trades. A premium of 1.5% is included as part of the buy and sell price of each asset.

Highlights

No. of tradable assets	3000+
Min. Deposit	€25
ID verification required	Yes
Free demo account	No
Supported assets	Stocks, Crypto, Commodities, ETFs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FMA, MiFID II, BaFin, VASP, PSD2, EMI

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	Yes
Withdrawal fees	Depending on method
Spreads	Yes
Conversion fees	Yes

Pros & Cons

300+ cryptocurrencies Wide range of other digital assets 10 fiat currencies accepted Low fees for Bitcoin buyers using credit or debit card in Europe Fully automated transactions happening in real time

Fees are not explicitly laid out Restricted European countries at present Limited customer support features

Read review Visit Bitpanda

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong

3. Degiro. Best for 0% commission on US stocks

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4

Ratings

€-

Min. deposit

From €1 (+€1 handling fee)

Fees

2,000,000

No. assets

No

Demo account

Overview

Degiro is a low-cost platform, making it a great choice for UK investors who want to keep fees to a minimum. 

When we tested Degiro, we were impressed by its straightforward, no-frills approach. The platform is designed to be simple and efficient, which is perfect for beginners.

One of the main advantages of Degiro is its low fees. There are no inactivity fees or hidden charges, and the trading costs are among the lowest we’ve seen. You can buy and sell US listed shares and pay just €1 commission.  

This makes it ideal if you’re looking to invest without having your profits eaten away by fees. However, it’s worth noting that Degiro doesn’t offer commission-free trading, unlike some other platforms.

Degiro is also regulated by top financial authorities, including the FCA. The platform offers access to a wide range of global markets, which is great if you want to diversify your portfolio beyond UK stocks.

We also liked that Degiro provides a user-friendly mobile app, which makes it easy to manage your investments on the go. 

However, the platform is quite basic when it comes to research tools and educational content. If you’re a beginner who wants in-depth guidance, you might find this lacking.

Overall, we think Degiro is an excellent choice for UK investors focused on low-cost trading. It’s simple, cost-effective, and gives you access to a broad range of markets. While it might not have all the bells and whistles, it’s a reliable platform for getting started with investing.

The fees: All stock trades come with a €1 handling fee. US stock trading has no other fees, UK stock trading costs $1.75, and European stock trading costs €3.90. The rest of the world costs €5. A core selection of ETFs are free to trade, other global ETFs cost €2 plus a €1 handling fee. Derivative trading costs €0.75. There are no inactivity, deposit, or withdrawal fees.

Highlights

No. of tradable assets	2,000,000 +
Min. Deposit	$0
ID verification required	Yes
Free demo account	No
Supported assets	Stocks, Index prices, Commodities
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	BaFin

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Low trading fees No minimum deposit required Segregated client funds

No forex or cryptocurrencies offered for trading Not as well known as other UK brokers

Read review Visit DEGIRO

Investing involves risk of loss

4. Eightcap. Best online broker for choice of trading platform

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4.5

Ratings

$100

Min. deposit

Up to $3.5 RT

Fees

800

No. assets

Yes

Demo account

Overview

We love Eightcap because you have several trading platforms to choose from. You can choose between MetaTrader 4, MetaTrader 5, and TradingView. All of these platforms are favourites among retail traders. With the MetaTrade suite of platforms, you can access lots of technical indicators, custom tools, and expert advisors. 

TradingView with Eightcap allows you to trade directly from your charts while accessing the hundreds of tools and features available. Eightcap has over 900 markets available including stocks, forex, indices, commodities, and cryptocurrencies. 

The fees: Eightcap is a CFD broker and charges spreads, commissions, or a combination of both. There are two account types available, RAW, and Standard. The RAW account has ultra-low spreads starting from 0.0 pips but charges $3.5 RT per lot. The standard account is commission-free for most assets and spreads start from 1 pip.

Highlights

No. of tradable assets	800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Crypto, Commodities, , Index prices
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	Yes, on certain assets
Withdrawal fees	Yes, for certain payment methods
Spreads	Yes
Conversion fees	Yes, currency dependent

Pros & Cons

Low trading fees for CFDs Trade directly from the TradingView platform Regulated by top-tier authorities Leverage up to 1:500 Partnered with multiple proprietary trading firms

Some markets are not available to all regions Customer support does not operate 24/7

Read review Visit Eightcap

74-89% of retail CFD accounts lose money

5. Pepperstone. Best low spread & no commission broker

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4

Ratings

$-

Min. deposit

$7 RT

Fees

1,200

No. assets

Yes

Demo account

Overview

We love Pepperstone because it is a low fee and low commission CFD brokerage, making it an excellent choice for traders looking to keep trading costs down. Pepperstone offers some of the most competitive spreads in the industry, with no commission on its Standard account and low commissions on its Razor account. 

Pepperstone is also well known for its top tier regulatory protection. The broker is regulated by both the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), which means it follows stringent rules. Pepperstone also offers over 90 currency pairs from the majors, minors, and exotics. 

One of the features we found most useful when using Pepperstone is the variety of trading platforms. You can choose from TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, each providing a unique set of features and tools. 

The fees: Forex trades are commission free, as Pepperstone makes money from the Bid/Ask spread. The spreads vary depending on the asset you want to trade. Razor (pro) account customers get significant discounts on the spreads. Spreads are as low as 0.00 points on EUR/USD and no commissions.

Highlights

No. of tradable assets	1200+
Min. Deposit	No minimum
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Crypto, Commodities, , Index prices, ETFs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	CMA, SCB, DFSA, ASIC, FCA, CySEC, BaFin

All supported assets are CFDs.

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Zero commission on trades Hedging, scalping, and crypto CFD trading available Lots of deposit and withdrawal options, including PayPal

No guaranteed negative balance protection in some jurisdictions No option to purchase stocks or bonds directly, only CFDs and spread betting available

Read review Visit Pepperstone

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.7%of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Refer to our RDN and other legal documents. Pepperstone Markets Limited, SCB no. SIAF217.

Which trading app in Portugal has the best user reviews?

As part of our research process we gathered up reviews and feedback from Portuguese users to help us finalise the rankings.

Below is a summary of the feedback and ratings for each platform.

Are stock brokers in Portugal regulated?

Yes, online brokers have to be regulated in order to offer share dealing services.

Ideally, you want to find a broker that offers top-tier regulatory protection either through your local regulator, or through another internationally recognised institution. 

On top of that, many online brokers in Portugal are based elsewhere but regulated to operate internationally through institutions such as CySEC (the Cyprus Securities and Exchange Commission). 

Here are the best online brokers in Portugal and where they’re regulated across the world.

How much does it cost to use an online trading platform in Portugal?

It is normally free to sign up to a stock trading platform in Portugal.

The main cost comes in the form of trading fees, which depend on the platform and on what you want to trade. Some of the best stock trading apps in Portugal offer completely free trading, while others charge a flat fee or commission per trade.

On average, this usually adds up to about 1-2% of your total trade value.

Here’s a comparison of the trading fees across our highest rated Portuguese brokers.

Another way an online broker in Portugal might charge you is via the spread.

The spread is the difference between the buy and sell price of an asset, and effectively serves as a commission the broker is charging you on top of the market price.

The smaller the spread, the better value you’re getting from your broker.

Here’s a comparison of the spreads across the top Portuguese trading platforms.

On top of the trading fees and spreads, there may be other charges for using your online broker account.

These can include inactivity fees, where you’re charged if you don’t use your account for a period of time (usually 3-6 months), as well as overnight fees, which only apply if the broker is also a CFD platform, or even an account maintenance fee.

Here’s a look at the types of fees different brokers in Portugal charge, to give you a complete picture of the cost of trading with the top brokers in Portugal.

How much money do I need to start trading?

Typically, the minimum deposit for each Portuguese broker is the equivalent of $10.

If this is all you can manage: great, and you can get started with that.

But you probably want to start with a larger amount of money, or a plan to add more over time, otherwise it’s going to be difficult to grow your wealth in any significant way.

You should also consider the minimum trade size on each platform. This governs the smallest investment you can make, so if you plan to invest small amounts then it is a crucial number to think about.

Compare the minimum and maximum trade sizes for each top broker in Portugal right here.

More about stock trading platforms in Portugal

What products can I trade?

For most people, the key question is whether you can trade stocks from other countries, as well as Portugal. The answer is yes, with some caveats.

In general though, you certainly can trade global stocks through a Portuguese stock broker. And you often aren’t limited to stocks, there are other options as well – including things like ETFs, which are super simple to buy.

Stocks

• Portuguese stocks. One investment option is to simply buy and sell stocks that are listed in Portugal. Investing in the Portuguese market is normally the most straightforward option for Portuguese residents, as you can buy shares in any company that’s listed on a Portuguese stock exchange.
• US stocks. Some of the best known companies in the world are listed in the United States. The best online broker in Portugal will also let you invest in stocks that are listed on the NYSE or the NASDAQ exchange in the US, but it depends on the legal restrictions in Portugal.
• International stocks. You may also be able to buy shares in companies that are based in the rest of the world. The best international brokers in Portugal offer global stocks, but it may be a limited selection. If you want to buy equities from outside Portugal or the US, be sure to check those stocks are available through your online broker before you sign up.

ETFs

ETFs (exchange traded funds) are investment funds that pool money together from lots of different investors and use it to track a particular index, like the S&P 500.

Even if you can’t invest in every stock from every country, you can usually find an alternative in an ETF that tracks the performance of Portugal’s top stock exchanges and indexes. 

Mutual funds

Mutual funds are professionally managed investments. You buy shares in the fund through an investment platform and the manager decides what to invest it in.

Typically, a fund manager chooses a mixture of global stocks, local Portuguese stocks, and ETFs that track global indices from across the world.

Mutual funds and ETFs are similar, but the former are managed by a professional who tries to beat the market, while the latter buy and sell stocks automatically based on a set of fixed criteria.

Typically a mutual fund charges higher management fees every year because of the extra work involved. The best stock broker in Portugal should allow you to invest in stocks from Portugal, as well as ETFs and mutual funds.

Futures and options

Futures and options contracts involve making an agreement to purchase a stock in the future at an agreed price. They’re favoured by stock traders and can be used as a way of speculating on how you think a company’s price might change in the future.

Other assets

Most trading platforms in Portugal offer a variety of assets alongside stocks, funds, and ETFs. With the best Portuguese brokers you can create a diversified portfolio made up of leading global stocks, ETFs, cryptocurrencies, and dabble with trading currency pairs and commodities as well.

Compare the assets available with each of the top Portuguese brokers below.

You should keep in mind, however, that to invest in other financial products from Portugal, you may be better off using a different type of trading platform.

For example, for trading currency pairs you want one of the best forex brokers in Portugal, for cryptocurrencies like Bitcoin, the best crypto exchanges in Portugal. The best cfd brokers in Portugal offer a range of financial assets, including many of the options above.

How to buy stocks in Portugal

Every stock trading app in Portugal is designed to help you invest with the minimum of fuss. 

Follow this six step guide to learn how to buy shares online in Portugal for the first time.

How we chose the best online trading platform in Portugal

Our reviewing panel is made up of industry experts, including our Director Michael Charalambous, Editor of News, Harsh Vardhan, Editor of Education, James Knight, and long-time trader and Platform Reviewer, Prash Raval. The panel also includes an independent fact checker, Richard Stutely.

We work with many financial experts across the world, and we tap into their expertise to give us an insight into the particular trading environment of each country, and what’s important to users in Portugal compared to everywhere else.

All that breaks down into a list of criteria that we use to form a final ranking.

Here are the key factors that played into our final ranking of the best stock brokers in Portugal.

• Fees. We prioritised Portuguese brokers that offer commission-free trading, charge low trading fees, don’t charge deposit or withdrawal fees, and don’t charge any hidden fees.
• Device availability. An online trading platform that is available across all devices as a mobile app deserves a boost. In a mobile world, you need the best stock trading app in Portugal to work across mobile, tablet, and desktop. 
• Platform security. All services we recommend are regulated by respected financial institutions and provide investor protection in the event that anything goes wrong.
• Free demo accounts. All the best stockbrokers in Portugal should offer the chance to test their service before you pay for it. We gave the brokers with the best demo accounts a boost in our rankings.
• Access to global markets. International stock brokers in Portugal that allow you to invest in global markets, particularly popular ones like the United States, scored well in our reviews.
• Trading and analysis tools. An online stock broker that offers analysis tools makes it easier to do all your research and trading in one place. Any online broker that offered this convenience scored well.
• Third-party integrations. You might want to use a piece of downloadable, third-party software like MetaTrader 4, MT5, or cTrader to place your trades. The best trading software in Portugal should integrate with these services and those that did so received a higher ranking. 
• Customer reviews. Finally, we looked into customer reviews, to make sure that we only recommend the best investment platforms in Portugal where the majority of Portuguese customers had a positive experience.

Find out more about how we rate, rank, and review platforms.

FAQs