Which broker to use with the screener

Fees checked septiembre 2026 · Page generated 29/09/2026

The brokers compared

Trading 212

€0 commission and fractional shares. Cheapest inside the euro.

from 0.00 € per trade

Open account → Details ↓

XTB

0% commission up to €100,000/month. Fractional shares from €10.

from 0.00 € per trade

Open account →

affiliate link

Details ↓

Lightyear

€1 in euros, 0.10% capped at $1 in the US. Three-currency accounts.

from 0.90 € per trade

Open account → Details ↓

Interactive Brokers

Meridian's portfolio broker. Every market, low minimums.

from 1.25 € per trade

Open account → Details ↓

Freedom24

€2 + €0.02/share and many European and US markets.

from 2.08 € per trade

Open account → Details ↓

eToro

$1 per side on all six exchanges; CopyTrader. 0.75% FX.

from 0.86 € per trade

Open account → Details ↓

Openbank

€1 per trade on any market since 10/09/2026. No custody fee.

from 1.00 € per trade

Open account → Details ↓

Trade Republic

€1 per trade, free savings plans from €1, interest on cash.

from 1.00 € per trade

Open account → Details ↓

MEXEM

IBKR's infrastructure under another name. FX with a €5 minimum.

from 1.00 € per trade

Open account → Details ↓

MyInvestor

Spanish bank with 25 exchanges. 0.12% min. €3; no fractional shares.

from 3.00 € per trade

Open account →

affiliate link

Details ↓

Saxo Bank

0.08% with low minimums and 25 exchanges. 0.15% annual custody fee.

from 2.00 € per trade

Open account → Details ↓

Trade Republic · Precio Directo

€2 and you pick the exchange: executed on the native market, not a German venue.

from 2.00 € per trade

Open account → Details ↓

DEGIRO

The European classic: huge market coverage, €2 in the US and Spain.

from 2.00 € per trade

Open account → Details ↓

ING

€3 + 0.10% capped at €20, plus a €1 BME fee in Spain.

from 3.20 € per trade

Open account → Details ↓

Singular Bank

€6.95 in Spain and €14.95 abroad. Free dividend collection.

from 8.06 € per trade

Open account → Details ↓

Renta 4

€4 in Spain, €15 abroad. FX conversion has a €10 minimum.

from 5.11 € per trade

Open account → Details ↓

Bankinter

€3.95 in Spain; €20-25 on every other market.

from 5.06 € per trade

Open account → Details ↓

Revolut

€1 per trade, free FX up to €1,000/month. No London.

from 1.00 € per trade

Open account → Details ↓

N26

€0.90 per trade in euros, from €1. German bank.

from 0.90 € per trade

Open account → Details ↓

Bitpanda

€1 per trade; real stocks since 2026. Executed on Quotrix.

from 1.00 € per trade

Open account → Details ↓

BUX

€0.99 in the US and €3.99 in Europe on the free plan. No London.

from 2.49 € per trade

Open account → Details ↓

Scalable Capital

€1.99 per trade, but always executed on German venues.

from 1.99 € per trade

Open account → Details ↓

TradingView

Charts and alerts for any stock in the screener. Free plan.

Free plan

Visit TradingView →

affiliate link

Details ↓

Cost of buying €200 of one stock

Digital brokers (16)

Market	Trading 212	XTB	Lightyear	IBKR	Freedom24	eToro	TR · mejor precio	MEXEM	Saxo Bank	TR · bolsa elegida	DEGIRO	Revolut	N26	Bitpanda	BUX	Scalable	Tax*
US (NYSE/Nasdaq)	0.30 €	1.00 €	0.90 €	2.60 €	2.08 €	2.36 €	3.00 €	5.86 €	2.06 €	4.00 €	2.50 €	1.00 €	2.90 €	3.00 €	2.49 €	—	—
Germany (Xetra)	0.00 €	0.00 €	1.00 €	1.25 €	2.08 €	0.86 €	1.00 €	1.00 €	3.00 €	2.00 €	4.90 €	1.00 €	0.90 €	1.00 €	3.99 €	1.99 €	—
Spain (BME)	0.00 €	0.00 €	1.00 €	3.00 €	2.08 €	0.86 €	1.00 €	3.00 €	5.00 €	2.00 €	2.00 €	1.00 €	0.90 €	1.00 €	3.99 €	—	0.40 €
France (Euronext)	0.00 €	0.00 €	1.00 €	1.25 €	2.08 €	0.86 €	1.00 €	1.00 €	2.00 €	2.00 €	4.90 €	1.00 €	0.90 €	1.00 €	3.99 €	—	0.80 €
Netherlands (Euronext)	0.00 €	0.00 €	1.00 €	1.25 €	2.08 €	0.86 €	1.00 €	1.00 €	2.00 €	2.00 €	4.90 €	1.00 €	0.90 €	1.00 €	3.99 €	—	—
UK (LSE)	0.30 €	1.00 €	1.86 €	2.90 €	2.08 €	2.36 €	3.00 €	7.90 €	4.68 €	4.00 €	5.40 €	—	—	—	—	—	1.00 €
Markets covered	6/6	6/6	6/6	6/6	6/6	6/6	6/6	6/6	6/6	6/6	6/6	5/6	5/6	5/6	5/6	1/6	—

Columns ordered by markets covered, then by average cost.

Spanish banks and brokers (6)

Market	Openbank	MyInvestor	ING	Singular	Renta 4	Bankinter	Tax*
US (NYSE/Nasdaq)	3.00 €	3.60 €	3.78 €	15.95 €	22.90 €	22.00 €	—
Germany (Xetra)	1.00 €	3.00 €	3.20 €	14.95 €	15.00 €	25.00 €	—
Spain (BME)	1.00 €	4.11 €	4.20 €	8.06 €	5.11 €	5.06 €	0.40 €
France (Euronext)	1.00 €	3.00 €	3.20 €	14.95 €	15.00 €	20.00 €	0.80 €
Netherlands (Euronext)	1.00 €	3.00 €	3.20 €	14.95 €	15.00 €	20.00 €	—
UK (LSE)	3.00 €	3.60 €	4.68 €	15.95 €	27.40 €	22.00 €	1.00 €
Markets covered	6/6	6/6	6/6	6/6	6/6	6/6	—

Columns ordered by markets covered, then by average cost.

Cost of buying €1,000 of one stock

Digital brokers (16)

Market	Trading 212	XTB	Lightyear	IBKR	Freedom24	eToro	TR · mejor precio	MEXEM	Saxo Bank	TR · bolsa elegida	DEGIRO	Revolut	N26	Bitpanda	BUX	Scalable	Tax*
US (NYSE/Nasdaq)	1.50 €	5.00 €	4.36 €	2.68 €	2.40 €	8.36 €	11.00 €	5.86 €	6.86 €	12.00 €	4.50 €	1.00 €	10.90 €	11.00 €	8.49 €	—	—
Germany (Xetra)	0.00 €	0.00 €	1.00 €	1.25 €	2.40 €	0.86 €	1.00 €	1.00 €	3.00 €	2.00 €	4.90 €	1.00 €	0.90 €	1.00 €	3.99 €	1.99 €	—
Spain (BME)	0.00 €	0.00 €	1.00 €	3.00 €	2.40 €	0.86 €	1.00 €	3.00 €	5.00 €	2.00 €	2.00 €	1.00 €	0.90 €	1.00 €	3.99 €	—	2.00 €
France (Euronext)	0.00 €	0.00 €	1.00 €	1.25 €	2.40 €	0.86 €	1.00 €	1.00 €	2.00 €	2.00 €	4.90 €	1.00 €	0.90 €	1.00 €	3.99 €	—	4.00 €
Netherlands (Euronext)	0.00 €	0.00 €	1.00 €	1.25 €	2.40 €	0.86 €	1.00 €	1.00 €	2.00 €	2.00 €	4.90 €	1.00 €	0.90 €	1.00 €	3.99 €	—	—
UK (LSE)	1.50 €	5.00 €	4.66 €	2.98 €	2.40 €	8.36 €	11.00 €	7.90 €	9.48 €	12.00 €	7.40 €	—	—	—	—	—	5.00 €
Markets covered	6/6	6/6	6/6	6/6	6/6	6/6	6/6	6/6	6/6	6/6	6/6	5/6	5/6	5/6	5/6	1/6	—

Columns ordered by markets covered, then by average cost.

Spanish banks and brokers (6)

Market	Openbank	MyInvestor	ING	Singular	Renta 4	Bankinter	Tax*
US (NYSE/Nasdaq)	11.00 €	6.00 €	8.58 €	19.95 €	22.90 €	30.00 €	—
Germany (Xetra)	1.00 €	3.00 €	4.00 €	14.95 €	15.00 €	25.00 €	—
Spain (BME)	1.00 €	5.69 €	5.00 €	9.64 €	6.69 €	6.64 €	2.00 €
France (Euronext)	1.00 €	3.00 €	4.00 €	14.95 €	15.00 €	20.00 €	4.00 €
Netherlands (Euronext)	1.00 €	3.00 €	4.00 €	14.95 €	15.00 €	20.00 €	—
UK (LSE)	11.00 €	6.00 €	9.48 €	19.95 €	27.40 €	30.00 €	5.00 €
Markets covered	6/6	6/6	6/6	6/6	6/6	6/6	—

Columns ordered by markets covered, then by average cost.

Cost = broker commission + currency conversion when the stock is not quoted in euros (IBKR as in comisiones.py: market minimum + currency conversion; Trade Republic no published FX fee (per-currency spread); Trading 212 0.15% FX fee; DEGIRO 0.25% AutoFX; Freedom24 at platform rate, not included). Assumes a €50 share bought in whole shares; IBKR Tiered plan except Spain (Fixed). Green = cheapest in each row.
* Purchase tax (Spain ITF 0.2%, France FTT 0.4%, UK stamp duty 0.5%; large caps only): charged by the state and identical at every broker, hence shown separately. USD/GBP minimums converted at 0.86 €/USD and 1.16 €/GBP.

How to read the table

• €200 orders: inside the euro the cheapest is Trading 212 (0.00 € per trade); in dollars and pounds, Trading 212 (0.30 €). Interactive Brokers, the portfolio's broker, costs 2.60 € in the US at this size.
• €1,000 orders: inside the euro the cheapest is Trading 212 (0.00 € per trade); in dollars and pounds, Trading 212 (1.50 €). Interactive Brokers, the portfolio's broker, costs 2.68 € in the US at this size.
• Spain: the expensive market at IBKR (3.00 € minimum, no Tiered plan). If you mainly buy IBEX names, Trading 212 (0.00 €) saves you 3.00 € per order.
• What the table doesn't measure: custody (DEGIRO charges €2.50/year per foreign exchange used), interest on cash, fractional shares, execution quality (a German venue for US stocks outside Wall Street hours has wider spreads) and how easy the app is.

The brokers, one by one

Cheapest in Europe

Trading 212

Pros

• €0 commission; fractional shares; no custody fee
• Pies (auto-portfolios) and interest on cash
• Polished app, multi-currency account

Cons

• 0.15% FX fee (matters on large USD orders)
• No Asian exchanges
• The same app offers CFDs: don't mix them up with shares

Open account

0% commission

XTB

Pros

• 0% commission on stocks and ETFs up to €100,000/month; 0.2% (min. €10) beyond
• Fractional shares from €10; Spanish branch and support in Spanish
• No custody fee up to €250,000 (0.02% a year above that)

Cons

• 0.5% FX fee: in the US and UK it outweighs the commission
• Branch supervised by Spain's CNMV; the compensation scheme is the Polish one: 100% up to €3,000 and 90% up to €22,000
• €10/month inactivity fee after a year without trading
• No demo account at XTB Spain

Open account (affiliate link)

Cheap in euros and in dollars

Lightyear

Pros

• €1 per order on euro markets; 0.10% capped at $1 in the US
• 0.35% FX; EUR, USD and GBP accounts so you don't convert twice
• No custody fee; commission-free ETFs; fractional shares on many stocks

Cons

• Estonian entity: compensation scheme up to €20,000, cash included in that limit
• Less known in Spain; support in English
• Fractional shares not on every stock

Open account

What Meridian uses

Interactive Brokers

Pros

• Almost flat cost: it barely rises with order size (compare the two tables)
• Every market in the screener universe, incl. Asia; API for automation
• Pays interest on cash; near-interbank currency conversion

Cons

• Complex interface: not for beginners
• €3 minimum in Spain
• No affiliate programme for Spanish residents

Open account

For many markets

Freedom24

Pros

• Many markets, incl. Europe and the US

Cons

• €2 + €0.02/share: expensive for small orders
• €7 per withdrawal
• Less known in Spain

Open account

For copying portfolios

eToro

Pros

• $1 per side on real stocks across all six exchanges in the table
• Fractional shares from $10; CopyTrader and thematic portfolios
• No custody or inactivity fees; free withdrawals from the euro account

Cons

• 0.75% EUR↔USD conversion on US-dollar stocks
• Flat fee in dollars: weighs more on small orders ($1 is 0.5% of $200)
• Cypriot entity (eToro Europe): investor compensation up to €20,000

Open account

Cheapest in euros

Openbank

Pros

• €1 per order on any market and any size, since 10/09/2026
• No custody fee
• Spanish bank: the FGD covers securities and cash, €100,000 each

Cons

• Does not publish its FX fee; the worst known rate (1%) is assumed here
• Its PDF fee schedule is not publicly accessible
• Pricing launched on 10/09/2026: no track record yet

Open account

For recurring contributions

Trade Republic

Pros

• €1 per trade, free savings plans from €1
• Fractional shares, interest-bearing account, IBAN
• Very simple; worldwide stocks in euros

Cons

• German venues only (spreads outside market hours)
• Thin coverage of Asian markets
• No advanced orders or API

Open account

IBKR under another name

MEXEM

Pros

• Same infrastructure as Interactive Brokers: accounts are opened at IBKR Ireland
• 0.06% min. €1 in Europe; $0.005/share in the US; every market, API and advanced orders
• Customer support in Spanish

Cons

• FX with a €5 minimum: expensive unless you convert large amounts at once
• €3 minimum on BME, like IBKR
• Less known; always compare with IBKR direct

Open account

Spanish bank, 25 exchanges

MyInvestor

Pros

• Direct access to 25 exchanges, including the six in the table
• Spanish bank: €100,000 deposit guarantee plus another €100,000 for securities
• No custody or inactivity fees; index funds and interest-bearing account in the same house

Cons

• 0.12% with a €3 minimum: expensive for €200 orders (plus the BME fee)
• 0.30% FX fee
• No fractional shares

Open account (affiliate link)

For those who want many markets

Saxo Bank

Pros

• 0.08% with low minimums: $1 in the US and €2 on Euronext
• 25 exchanges and one of the widest catalogues
• No inactivity fee

Cons

• 0.12% with a €5 minimum in Spain: the most expensive of the big names on BME
• 0.15% annual custody fee on the portfolio
• Its FX fee is 0.25% on the international site and 0.60% on the UK one; the worse figure is used here

Open account

When you want to pick the exchange

Trade Republic · Precio Directo

Pros

• €2 per order choosing the market yourself, executed on the native exchange
• Access to 30 exchanges since 2 July 2026, BME included
• Same account, same bank and same protection as the €1 mode

Cons

• Twice the price of the same broker's «Best Price» mode, which costs €1
• Does not publish its FX fee: a per-currency spread only visible on the receipt
• Trading hours limited to 07:30–23:00 CET

Open account

The European classic

DEGIRO

Pros

• €2 flat in the US and Spain
• Huge market coverage, incl. Asia
• German bank (flatexDEGIRO)

Cons

• €4.90 in the rest of Europe: expensive for €200
• 0.25% FX + €2.50/year per exchange
• No fractional shares, little interest on cash

Open account

A bank with a built-in broker

ING

Pros

• €3 + 0.10%, capped at €20 per order
• 0.50% FX fee, published and with no small print
• Free custody with one trade per quarter; no dividend fee

Cons

• The BME exchange fee (€1 per order) is charged separately in Spain
• Outside the euro the fixed part is charged in dollars or pounds
• Dutch entity: securities are covered by the Dutch scheme up to €20,000, not the Spanish FGD

Open account

Self Bank, with caveats

Singular Bank

Pros

• No fee on dividends, splits or redemptions
• Free custody with three trades a month
• Spanish bank: FGD covers both securities and cash

Cons

• €6.95 on BME and €14.95 abroad: among the most expensive in its group
• Its PDF fee schedule is dated 2021 and contradicts the live site on the German market
• Its own help section cites FOGAIN when, being a bank, the FGD is what applies

Open account

Spanish bank with branches

Renta 4

Pros

• €4 per order on BME up to €6,000
• Spanish bank: FGD covers both securities and cash
• In-branch service, which no digital broker offers

Cons

• €15 per order outside Spain, in Europe and in the US alike
• FX conversion has a €10 minimum: a €200 order in New York costs €22.90
• Monthly custody fee on the portfolio, on top of the BME exchange fee

Open account

The traditional bank

Bankinter

Pros

• €3.95 per order on BME up to €2,000
• Publishes the full BME exchange-fee table, which almost no broker does
• «Bróker Cero» service with €0 commission on the Spanish market

Cons

• €20 per order on most foreign markets
• In Germany, 0.19% with a €20 minimum plus €5 settlement: €25 on a small order
• ±1% FX spread, the most expensive in the whole comparison

Open account

If you already use Revolut

Revolut

Pros

• €1 per order (Premium: 5 free a month; Metal and Ultra: 10)
• 0% FX up to €1,000/month on the Standard plan, during market hours
• Fractional shares from €1; all in one app; deposits at Revolut Bank covered up to €100,000

Cons

• No London Stock Exchange; it doesn't publish which European exchanges it uses
• Beyond the allowance, 1% FX (+1% at weekends)
• Lithuanian compensation scheme up to €22,000 for securities and investment cash

Open account

For N26 customers

N26

Pros

• €0.90 per trade (Go: 3 free a month; Metal: 10); free investment plans
• Fractional shares from €1; everything in euros inside the bank's app
• German bank: deposits covered up to €100,000; securities held at Upvest (90% up to €20,000)

Cons

• Closed catalogue (~5,000 securities) on a German venue: no direct exchange access, no London
• FX cost is embedded in the spread and not published
• No advanced orders, no API

Open account

Real stocks since 2026

Bitpanda

Pros

• €1 per trade; fractional shares from €1; free savings plans
• Real stocks and ETFs since January 2026 (previously derivatives)
• Crypto and metals in the same app; Austrian entity (FMA)

Cons

• Executed on Quotrix (Düsseldorf) in euros: no direct exchange access, no London
• Cash balance is e-money with no deposit guarantee scheme
• FX cost not published (embedded in the price)

Open account

The cheapest way to buy in New York

BUX

Pros

• €0.99 per order on US shares, even on the free plan
• Securities held by an independent foundation (Stichting BUX Custody), separate from the broker
• Cash at ABN AMRO Clearing, under the €100,000 Dutch guarantee

Cons

• €3.99 on European shares on the free plan: four times the US price
• No access to London
• 0.2% annual variable fee on invested assets on Basic, plus a 0.75% FX fee

Open account

Cheap, but only in Germany

Scalable Capital

Pros

• €1.99 per order on Xetra or gettex, the same on the free and paid plans
• No custody fee
• German bank with its own licence, supervised by BaFin

Cons

• Does not trade on BME, Euronext, London or New York: everything executes on German venues
• Foreign shares are bought in euros from a market maker, not on their home exchange
• Does not publish its FX fee

Open account

Where your money is

Which entity holds your account, where it is regulated and what the compensation scheme pays back if it fails. Your shares are yours and segregated in every case: the scheme covers what would be missing if the broker had lost them or could not return them. Uninvested cash is what varies most between brokers.

Limits per client and entity; checked on broker, fund and regulator websites, septiembre 2026.

And for charts: TradingView

A tool, not a broker

TradingView

Pros

• Charts for any stock in the screener (search the ticker as is)
• Price alerts; the free plan is enough to start
• Paid plans add more indicators and alerts

Cons

• It doesn't buy or sell: you need one of the brokers above
• Ads on the free plan

Visit TradingView (affiliate link)

Method and sources

Interactive Brokers costs are computed by comisiones.py, the module Meridian's portfolio uses to decide whether a rotation pays off (fees verified on IBKR Ireland's site). The others come from each broker's public fee schedule on its official website, checked septiembre 2026. Spotted an error? Write to info@meridianscreener.com and we'll fix it.

Meridian's own portfolio runs on Interactive Brokers with orders of about €1,000, but plenty of investors buy €200 at a time. At that size the cost is driven not by the percentage but by the minimum per trade: a €3 minimum on a €200 order is 1.5% you must earn back before making anything. That is why the comparison runs at both sizes: what it really costs to buy one stock on each market with the brokers most used from Spain and the euro area.