In this guide, we go over the best international online brokers in Austria. We analyzed and researched hundreds of brokers, based on a variety of different factors. We compared every aspect of their services, focusing on security, fees & commissions, trading platform, regulation, offering of investments, trading tools, deposits & withdrawals, and more. Brokers had to meet a threshold to be considered in the following list.
Best Trading Platforms for Traders in Austria
- eToro takes first place. Copy Trading and Zero Commission Stocks.
- Interactive Brokers comes in second. Established in 1978. Regulated by Top-tier Authorities. Wide Range of Investments.
- Avatrade comes in third. Low Fees and Commissions. Great for Forex and CFD Trading.
- XTB third place. Best for CFD Trading in Austria.
- Capital.com is in Fourth Place. Commission Free Real Stocks. Low Forex CFD Fees.
Best Online Trading Platform and Brokers in Austria
| Trading Platform | Our Score | Information | Minimum Deposit | |
|---|---|---|---|---|
| #1 | eToro | 4.9 | Best Broker for Austrian Traders Overall. | $200 |
| #2 | Interactive Brokers | 4.9 | Best Platform For Investors. Strong Reputation and Regulation. | $0 |
| #3 | AvaTrade | 4.9 | Best For Forex Trading in Austria. | $100 |
| #4 | XTB | 4.7 | Great for CFD Trading in Austria. | $0 |
| #5 | Capital.com | 4.7 | Good for Stock Trading. Low Forex CFD Fees. | $20 |
How to pick an online trading platform?
When picking a Austrian trading platform you should consider the following factors:
- Overall great service
- Regulation
- Safety
- Fees & Commissions
- Range of Products
- Account Opening Process
- Deposits & Withdrawals
Read below, where we breakdown the top Stock Brokers in Austria, starting with our best-rated eToro.
eToro – Best Broker in Austria Overall
Disclaimer: CFDs are complex instruments that come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. Make sure you understand how CFDs work and if you can afford to take the high risk of losing your money.
eToro comes in First as the best platform for Austrians. eToro is best in class for their Copy Trading and zero commission stock trading. They are regulated by top-tier authorities, which makes it a safe and reliable broker. Their platform and mobile app is easy-to-use with all the functionality you could wish for.
Interactive Brokers – Best Trading Platform Austria Overall
Interactive Brokers is one of the best brokers available for Austrian Traders. IBKR was established in 1978 and is regulated across the world by top-tier authorities.
Interactive Brokers offers Stocks, ETFs, Options, Futures, FOPs, Forex, Cryptocurrencies, Spot Gold, Bonds, Mutual Funds, and Hedge Funds.
They just released IBKR Global Trader, which is their brand new intuitive and easy to use trading platform.
AvaTrade – Best Forex Broker in Austria
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
AvaTrade comes in second as the best broker for Austrian Forex traders. Their trading platform and mobile app are one of the best, and intuitive with lots of features. Choose AvaTrade if you are looking for a reliable low-fee CFD broker offering Forex, Crypto, Stocks, Commodities, Indices, and more.
Pepperstone – Best Low Spread Broker in Austria
Pepperstone comes in third as the best low spread broker for Austrian Forex traders. Their trading platform is great, and their execution speeds are one of the fastest in the industry. Choose Pepperstone if you are looking for a reliable Forex broker with low fees, great trading tools and research.
FP Markets – Best for Execution Speeds
FP Markets is another great broker for Austrian traders looking to focus on Forex and CFD trading. Their execution speeds are great, and their spreads ultra-low. They offer over 60 currency pairs, 10,000 stocks, commodities, bonds, metals, and crypto.
XTB – Trade With Cash Back Rebates
XTB is an established trading platform offering access to over 2100 global markets. Their platform and mobile app are easy-to-use and their education is top-notch. They have over 450,000 customers worldwide, and offer fast and qualified customer support.
XM – Trusted Global Broker for Forex Trading
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.03% 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.
XM finishes the list. XM is a MetaTrader only Broker, founded in 2009. It is regulated in top-tier regulations, and has 5,000,000 clients worldwide. Their MetaTrader platform is easy-to-use and has great research tools. They offer outstanding educational resources, market research, and analysis.
On the downside, their spreads on the standard account are a bit expensive.
Online Trading in Austria
The Financial Market Institution (FMA) was established in 2002 as an independent and autonomous supervisory institution. It is subject to Parliamentary and legal monitoring by the Austrian Ministry of Finance.
The FMA has jurisdiction over all financial institutions in the country including the stock exchange, Vienna Stock exchange.
The Vienna Stock Exchange is Austria's only securities exchange, with cutting-edge infrastructure, market data, and information. The Vienna Stock Exchange's operations are built around four pillars: securities trading and listing, market data, index calculation, and IT services.
You can find more about Vienna Stock Exchange, here.
For investors looking for binary options trading, Austria has proven to be a lucrative investment possibility. Trading binary options in this country is legal due to the country's high level of openness and well-established regulatory authority.
When compared to many other countries with less effective rules, investors can feel safe trading binary options in Austria because the regulatory power of Austria.
Binary options trading has exploded in popularity in recent years, thanks to Austria's transparency and regulations in embracing it as a financial tool. Traders can pick from a large number of regulated brokers, resulting in a thriving binary options market.
Austrian law does not prohibit cryptocurrencies. The FMA has issued a warning to investors about the risks associated with them, stressing that virtual currencies such as bitcoin and crypto trading platforms are neither regulated nor monitored by the FMA. Making trading in crypto fairly unpopular in Austria.
How To Verify Austrian Economic Chamber Authorization
The Austrian Economic Chamber is responsible for issuing all licenses and registration for all companies operating in Austria.
Professional service licensing in Austria is far broader than in the United States, and it covers almost all trades. Citizens of the EU, the European Economic Area (EEA), and Swiss citizens have it easier to obtain a professional license.
Foreign nationals (non-EU/EEA/Swiss citizens) must first meet the legal conditions for relocating to Austria and establishing a business. Aside from a minimum age requirement, the individual must be a resident, have no pending criminal processes, and meet the legal standards for regulated trades/professions.
A business license can be requested through the Austrian Economic Chamber once these prerequisites have been satisfied (WKO-Wirtschaftskammer).
You may find out more about the Austrian Economic Chamber, here.
Final Verdict
We hope you found all the details you needed in our guide. We took into account every possible detail of all renowned brokers, such as fees, payment methods, regulatory bodies, commission charges, to provide you with the best broker options. Just to recap, here are the best online brokers in Austria:
| eToro | Interactive Brokers | AvaTrade | XTB | Capital.com | |
|---|---|---|---|---|---|
| Our Score | 4.9 | 4.9 | 4.9 | 4.7 | 4.7 |
| Fees Score | 4.8 | 5.0 | 4.9 | 4.7 | 4.9 |
| Mobile App Score | 4.9 | 4.8 | 5.0 | 4.5 | 4.7 |
| Trading Platform Score | 4.8 | 4.8 | 4.9 | 4.5 | 4.7 |
| Offering Of Investments Score | 4.9 | 5.0 | 4.8 | 4.6 | 4.6 |
| Regulation Score | 4.8 | 5.0 | 4.9 | 4.6 | 4.7 |
