Best Investing Apps For Europeans in 2024
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Күн бұрын🔵 All the links to the brokers I mentioned & get a sign-up bonus here
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🔥 STOCK BROKERS
► TRADING 212
Trading 212 offers commission-free investing in stocks & ETFs
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► INTERACTIVE BROKERS
My personal broker of choice where I hold the majority of my investments
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► TRADE REPUBLIC
Stocks, ETFs, crypto, and more - your funds secured up to €100K
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► LIGHTYEAR
Low-cost broker for Stocks & Commission-Free ETFs
Great option for EU & UK investors
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smartmoneywithkai.com/lightyear
Capital at risk. The provider of investment services is Lightyear Financial Ltd for the UK and Lightyear Europe AS for the EU. Terms apply: lightyear.com/terms. Seek qualified advice if necessary.
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Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for entertainment/educational purposes only and should not be construed as financial or legal advice. You, and only you, are responsible for your investment decisions. This video, post & article should not be construed as investment advice. Capital at risk.
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⏰ TIMESTAMPS ⏰
0:00 Best Investing Apps For Europeans Intro
0:18 What To Look Out For In A Good Stock Broker
2:43 Best Investing Apps Europe - Trading 212
6:11 Best Investing Apps Europe - Lightyear
9:50 Best Investing Apps Europe - Trade Republic
12:49 Best Investing Apps Europe - Interactive Brokers
16:32 Stock Brokers That I Don't Recommend Using
19:30 How To Track All Your Different Brokers with one App
Today, I'm diving deep into the world of stockbrokers - the heroes and the zeroes - specifically for you folks in Europe and the UK.
In this video, I’m unpacking the ins and outs of four stockbrokers I highly recommend: Trading 212, Lightyear, Trade Republic, and Interactive Brokers. I'll walk you through why these apps might just be your ticket to smarter investing.
But wait, there's more! I'll also shine a light on the ones that don’t make the cut in my books: Revolut, Freedom24, and eToro. Find out why these might not be your best bet and what pitfalls to watch out for.
Whether you're a seasoned investor or just starting out, this video is packed with practical, no-nonsense advice tailored for you. Get ready to make informed choices and elevate your investment game!
#investingapp #stockbroker #stocksapp
@SmartMoneywithKai 5 ай бұрын
All the links to the brokers I mentioned & get a sign-up bonus here👇 smartmoneywithkai.com/tools
@lukasabater 5 ай бұрын
Amazing video as always mate! I personally use of the ones you just mentioned so following this video, I think i’m on the good path! Keep it up🙌🏼
@SmartMoneywithKai 5 ай бұрын
Thank you so much Luka and well done, good choice 😉👌 Cheers
@Alina5088 4 ай бұрын
Thank you for such a detailed approach, very useful!
@SmartMoneywithKai 4 ай бұрын
My pleasure Alina, super happy to hear you found it useful 🙏 Cheers
@andriusmosta 4 ай бұрын
Great video. Loving the content. Keep on going!
@SmartMoneywithKai 4 ай бұрын
Thanks a lot Andrius, much appreciated 🙏
@cikamarika1 4 ай бұрын
Really helpful, thanks!
@SmartMoneywithKai 4 ай бұрын
Super happy to hear that, thanks 🙌
@GeorgeKottakis 5 ай бұрын
Love these types of videos everytime I see them
@SmartMoneywithKai 5 ай бұрын
Awww, that's awesome 🙏 Cheers mate
@superclownfisch 2 ай бұрын
Lightyear I think might be worth an even more upgraded grade. I just saw on IBKR that it's now possible to transfer stocks from Lightyear to IBKR (and of course the other way around as well).
@SmartMoneywithKai 2 ай бұрын
Hi and absolutely, that's indeed a fantastic feature 👌 Been using and loving them for a long-time now, great broker 💯 Cheers
@TewPaqs 5 ай бұрын
As I'm switching brokers at the moment, this video is perfect for me. Thanks, Kai! 💪
@SmartMoneywithKai 5 ай бұрын
That's awesome to hear 🙌 Cheers
@sergio.alheira 4 ай бұрын
so what have you selected?
@WardL 5 ай бұрын
Very interesting video and always love seeing you give these recommendations. I also use all the apps you talked about. But that may have a reason 😉
@SmartMoneywithKai 5 ай бұрын
Thank you so much Ward, means a lot and glad to hear the positive impact my videos have and as always I only recommend things I use myself. Cheers and sunny regards from Dubai☀️ Tomorrow will do another update video on my apartment here👌
@sotiris1302 Ай бұрын
Very helpful approach!
@SmartMoneywithKai Ай бұрын
Awesome to heart that 🙌 Cheers
@user-rk5ib2on3h 3 ай бұрын
Hi Kai. Curious if there is any info if trade republic plans to come to the UK?
@SmartMoneywithKai 3 ай бұрын
Hi 👋 Good question, haven't heard anything about that, just had a look online and couldn't find anything on that. Hopefully soon 🤞 Cheers
@jamesdobbs6942 5 ай бұрын
you mentioned 35c per trade. When you do DCA with IBKR what pricing mode you use, tired or fixed?
@SmartMoneywithKai 5 ай бұрын
Hi James👋 Tiered for sure, much cheaper👌 Cheers
@Europe0008 5 ай бұрын
God bless you every time good information 🙏
@SmartMoneywithKai 5 ай бұрын
Thanks a million 🙏
@nikolaysokolov4958 4 ай бұрын
Hi, started watching your videos, very useful. Could you make a video where you could show how to transfer stocks from trading212 to ibkr for example? Cannot find this option. Thnks
@SmartMoneywithKai 4 ай бұрын
Hi mate 👋 Thanks a lot 🙏 That feature will only go live from Feb 15 so in a future video I can definitely talk about that👌 Cheers
@manon999stir 5 ай бұрын
Hello, I'm new to your channel. Why funds are not safe in Revolut??
@SmartMoneywithKai 5 ай бұрын
Hi and welcome👋 I made a video on this a while ago, you can check it here kzfaq.info/get/bejne/jLt9hraZtrbXias.html Cheers
@joaobarsan 5 ай бұрын
Can you add XTB into your comparison and reviews?
@SmartMoneywithKai 5 ай бұрын
Hi Joao, never used them before but will check it out and if I end up using them include in future videos👌 Cheers
@rainman-hn5pq 3 ай бұрын
Hey Kai, I am a new member of your channel and I like your videos so far. Can you please make the same videos for Cryptocurrency? I use Revolut and Binance for this, but the commission fee and lack of variety are the things that bother me about Revolut, but the interface is easy for trading. Binance has a complicated interface and it is difficult to deposit and withdraw funds. Do you have any recommendation for Cryptocurrency Exchange in EU?
@SmartMoneywithKai 3 ай бұрын
Hey there, welcome to the fam! 🚀 Thrilled you're digging the content! Diving into the crypto universe can be a wild ride, and I'm with you on the ups and downs of platforms like Revolut and Binance. Revolut's simplicity is a win, but it does come with its limitations, right? And Binance, while packed with features, can feel like navigating a maze! 🌌 For trading in the EU, you might want to check out Nexo which is my exchange of choice & very user-friendly as well as robust security and variety. Haven't planned such a review video yet as I am not signed up to all those others, but something to keep in mind for the future 👌 Cheers
@user-vf2oy7ev4p 4 ай бұрын
Does trade republic allow you to transfer your portfolio to another broker?
@SmartMoneywithKai 4 ай бұрын
Hi and yes, they do 👌support.traderepublic.com/en-lu/826-How-can-I-transfer-my-securities-account-to-another-bank Cheers
@karlgozo 5 ай бұрын
Is there any difference in buying stocks in $ vs stocks in €? For ex... I can buy V directly in € on the Deutsche Borse?
@SmartMoneywithKai 5 ай бұрын
Great question! 💥 When you buy stocks in different currencies, like $ vs €, the main difference is currency risk. If you're buying V on the Deutsche Borse in €, keep an eye on exchange rates as they can affect your investment value. Personally I prefer buying stocks on their native stock exchange to also diversify my currency holdings, but if you prefer to buy in € you absolutely can👌
@illia4503 Ай бұрын
Hi. Thank you for the video! I have the noob question, are there any problems with ETFs if I move between EU countries? What if I bought ETFs from Poland, using a Polish residence permit, and then go to Spain and expand my portfolio there, and then want to withdraw money in Spain, having a Spanish residence permit?
@SmartMoneywithKai Ай бұрын
Hi 👋 Great question! Moving between EU countries with ETFs is generally straightforward, but here are a few points to consider: Broker Compatibility: Ensure your broker operates in both Poland and Spain. Some brokers might have restrictions or different services in various countries. Tax Implications: Each country has its own tax laws. When you move to Spain, you'll be subject to Spanish tax regulations on your investments, which might differ from Poland's. Currency Considerations: If your ETFs are in a different currency, be mindful of exchange rates and potential fees when you withdraw money. Residency Status: Make sure to update your residency status with your broker to comply with local regulations and ensure smooth transactions. It's usually manageable, but always good to check with your broker and possibly consult a tax advisor to understand specific implications. Cheers.
@gabrp3708 5 ай бұрын
Hey, I signed up to trading 212 through your link, but I do not see the free shares. How do I get those? Thank you for the excellent video though!
@SmartMoneywithKai 5 ай бұрын
Awesome, thanks. You need to verify your identify and fund your account with some money, then it should happen👌 Cheers
@gabrp3708 5 ай бұрын
@@SmartMoneywithKai Worked in the end, it just took them a day or two! Thanks a lot
@SmartMoneywithKai 5 ай бұрын
Great to hear that 👌
@damjanstoimenov 2 ай бұрын
Can you suggest me on what platform to invest because i come from 🇲🇰(the balkans), europe?
@SmartMoneywithKai 2 ай бұрын
Hi, I would suggest you Trading 212, they work in Macedonia and it's commission free. You can get a free share up to €100 with my link smartmoneywithkai.com/trading212 Cheers
@MarbledKing Ай бұрын
The problem is that what you say about Revolut’s protection level applies to the other brokers you mentioned too. All brokers you mention offer the same 20.000-22.000€ investment protection to EU clients. So, why pick specifically Revolut for this reason?
@SmartMoneywithKai Ай бұрын
Hi 👋, Well noted 👌 You’re right; the investment protection of around 20,000-22,000€ is pretty standard across many brokers in the EU. When deciding on a broker, this level of protection might not be the sole factor to consider since it’s a common offering. Choosing a broker like Revolut or any other should come down to other features they might offer such as user experience, fees, accessibility, types of investments available, and additional services. For me the biggest red flag with Revolut as a broker is the fact that they don't allow portfolio transfers to other brokers, this is too restrictive. But ultimately there is no right or wrong it has to work for each investor. Cheers
@Nabiloppo-yw7ih Ай бұрын
I am an Asian and living in Malta so can i use any one of the app which you recommend ed or its for only those who have European nationality???
@SmartMoneywithKai Ай бұрын
Hi and no, if you have EU residency most of them should work for you 👌
@florence_fernandez Ай бұрын
What about scalable capital? I found since this year it’s not possible to send money to SC
@SmartMoneywithKai 29 күн бұрын
Hi, sadly not available in my country so I can't try it out.
@vidpetrovic8907 5 ай бұрын
Which one should I try like for the first time for the total start in investing ?
@SmartMoneywithKai 5 ай бұрын
Hi mate👋 In this case go with Trading 212 or Lightyear, both are perfect choices for beginners and allow commissions free ETF buys which would be your best bet to get started 👌 Cheers
@vidpetrovic8907 5 ай бұрын
@@SmartMoneywithKai Thank you so much
@carloscquesada 2 ай бұрын
I'm thinking about Trading 212 but I'm afraid of the spread. Does anyone know if it's high?
@carloscquesada 2 ай бұрын
Or at least higher than Trade Republic?
@SmartMoneywithKai 2 ай бұрын
Hi Carlos, I can't tell you the exact spread, but in my case & experience, it's always been very tight and quite close to IBKR, maybe if you trade €20K per trade you would see a bit but for most investors it's negligible. More important is the asset you invest in, if it has high liquidity & trading volume, T212 is going to be a great choice.
@ilkerkuseyri5193 5 ай бұрын
Thanks. 👏🙏. Which one has Forex transactions??
@SmartMoneywithKai 5 ай бұрын
Hi İlker 👋 Do you mean FOREX fees? Or allows multi-currency accounts? Cheers
@ilkerkuseyri5193 5 ай бұрын
@@SmartMoneywithKaiWhich is the best one to trade forex. And what are the leverage ratios.
@SmartMoneywithKai 5 ай бұрын
I see, sorry mate, I would not be the best to comment on that as I don't trade FX. Cheers
@louisc.i7796 5 ай бұрын
Hi, trading 121 are saying they will allow share transfer from 2019, do you have something concrete about them doing it next month?
@SmartMoneywithKai 5 ай бұрын
Hi👋 Yes, from 15 Feb they will allow us to transfer our portfolios, really awesome new feature👌 Cheers
@tux4075 5 ай бұрын
Hi Kai, I really enjoyed your video on the best investing apps for Europeans in 2024. I'm a beginner investor myself, and I found your recommendations to be very helpful. I'm particularly interested in trading 212, as I like the idea of being able to start investing with as little as €1. I also appreciate that you mentioned the importance of diversifying your investments, and I'll definitely be checking out the app you recommended for tracking my investments across multiple brokers. Thanks for sharing your insights!
@SmartMoneywithKai 5 ай бұрын
Hi👋 Super thrilled to hear you found the video on investing apps helpful! 🚀 Trading 212's low entry point is fantastic for getting your feet wet in investing without a big upfront commitment. Smart move! Diversification is key, so I'm glad that resonated with you. Remember, it's all about playing the long game and making informed choices. Keep exploring and let me know how it goes with the investment tracking app. Cheers, Kai
@azifas8099 3 ай бұрын
hello kai have Trade Republic Web interface ?
@SmartMoneywithKai 3 ай бұрын
Hi and yes, they do 👌
@novanemesis_forever1597 Ай бұрын
Can you suggest an app for latvia
@SmartMoneywithKai Ай бұрын
Hi, to be honest same as I mention all work in Latvia. Interactive Brokers, Trading 212 & Lightyear would all be great choices for you 👌 BTW, Riga is a lovely city, been there many times 🙌
@Nabiloppo-yw7ih Ай бұрын
Tells also for foreigners those who living and working in Europe which app they can used,😔😞
@SmartMoneywithKai Ай бұрын
Interactive Brokers & Trading 212 for sure, they support most countries out of all. Cheers
@markomestrovic7560 10 күн бұрын
Why don't you buy APC instead of AAPL (It is Apple stock but on German exchange, no fx fees, I did this, no fx risk)
@SmartMoneywithKai 10 күн бұрын
Hi Marko, because I do not want to hold EUR, I prefer investing in USD long-term as I feel it will be the stronger currency, but just my personal opinion 😉 Cheers
@alwinsaj 4 ай бұрын
Will it work in Poland
@SmartMoneywithKai 4 ай бұрын
Yes, as far as I am aware all of them do 👌
@elgiallajbej3064 2 ай бұрын
can u do puts and calls on these apps
@SmartMoneywithKai 2 ай бұрын
On some of them yes, definitely with Interactive Brokers you can trade options 👌 Though personally I don't. Cheers
@druidhead 4 ай бұрын
Bit Panda any good?
@SmartMoneywithKai 4 ай бұрын
Hi 👋 Not bad from what I hear but I am not using them so can't really comment. Cheers
@AIMO-mgl2iq 2 ай бұрын
Hello. I make new account trade republic. What is it nrn/rrn ?
@SmartMoneywithKai 2 ай бұрын
Hi and nice one. Not sure what you mean by nrn?
@Europe0008 5 ай бұрын
Trade 212 pending order not canceled
@SmartMoneywithKai 5 ай бұрын
Hi. If you go into the position to orders you can swipe to cancel. That should do the trick 👌
@Europe0008 5 ай бұрын
@@SmartMoneywithKaiwhen I buy order with revolut account it's good have option any time cancel order
@Europe0008 5 ай бұрын
stock buy with revolut very easy but only issue expensive when buy or sell fees
@Europe0008 5 ай бұрын
One more question ❓ sir please you can share one video when you buy stock with trade212 and trade lightsyear one video for knowledg
@SmartMoneywithKai 5 ай бұрын
@@Europe0008 Agreed and the protection level is not that good. Try Trading 212, even easier, better protection and no fees👌
@Carolina-rd3gh 5 ай бұрын
Light year is an awful recommendation. Not safe, not top best at any aspect. The only thing going for it is the design but that’s the least you should care about as an investor.
@SmartMoneywithKai 5 ай бұрын
Hi Carolina, in what way is it not safe, I’m interested to hear? I keep my own money there since a long time and never had issue. Safety is priority. Nice design is a bonus.
@heyjude2109 Ай бұрын
😮
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