Top Stock Trading Apps in Italy

In order to determine the most best stock trading apps and platforms tailored for Italian investors, we have developed a method that assesses each broker's unique benefits and limitations. Key aspects considered involve adherence to Italian regulatory standards, availability of stocks & assets, seamless user experience, convenient EUR deposit options, and competitive fee structures. 

Continue reading the following comprehensive breakdown to discover the top five stock trading platforms in Italy based on our analysis.

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1. eToro

Ranking first is eToro, Italy's top stock trading platform. With access to 3,000+ ETFs, equities, and commodities, it's trusted by over 30 million users. Licensed by Organismo Agenti e Mediatori (OAM), eToro ensures a secure investment experience.

Distinctive features like Copy Trading and a Virtual Account with €100K demo funds set eToro apart. Additionally, it offers low fees and user-friendly Euro deposit options, making it a top choice for Italian investors.

  • Fees: Zero trading fees and 1% spread.
  • Assets: 3,000+ stocks, ETFs, commodities, currencies and more.
  • Regulation: Licensed by Organismo Agenti e Mediatori (OAM) and the European Securities and Markets Authority (ESMA).
  • Euro Deposit Methods: SEPA Transfers, Bank Transfers, PayPal Debit Cards, Credit Cards, Sofort, Klarna and PayPal.
Best Stock Trading Platforms Italy

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2. DEGIRO

DEGIRO is one of the largest brokers in Europe and offers one of the lowest fees on the market. The service offers access to over 50 exchanges across 30 countries, making it a good choice for anything from global investing to diversification possibilities. As a part of flatexDEGIRO Bank, the service has its own banking license, which makes your deposit protected up to €100,000. DEGIRO is supervised by the German Federal Financial Supervisory Authority (BaFin) and by the DNB and the AFM in the Netherlands.

The service has a very user-friendly interface for both web and mobile apps, and has no deposit, withdrawal, or inactivity fees. There’s no demo account, but the opening of a DEGIRO account itself is free, which does allow you to familiarize yourself with the platform before you start investing.

  • Fees: €1 handling fee. €2 commission fee for ETFs.
  • Assets: Stocks, ETFs, Bonds, Futures, Funds, Commodities, and more.
  • Regulation: Licensed by the Financial Conduct Authority (FCA), and Financial Supervision Commission.
  • Euro Deposit Methods: Bank Transfers, Bank Wires, Debit Card or Credit Card.
Degiro Italy

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3. Interactive Brokers 

Interactive Brokers has quite the global reach with 2.2 million clients in over 200 countries. The company has several platforms available for use, depending on your needs, and the company highlighted which platforms are more suited for beginners and which are for experts. Interactive Brokers is regulated by several authorities, depending on the branch, so for instance in the UK that’s Financial Conduct Authority, while in Central Europe it’s licensed and regulated by the Central Bank of Hungary.

A good number of trading tools are available for users and the company has low commission and margin rates. You can opt for a free trial before you commit and start investing. It’s a good way to test the waters as you’ll get access to all the platforms, products, and advanced trading tools. 

  • Fees: €2 Monthly market data fee. 0,050% - 0,015% fee per trade value.
  • Assets: Stocks, ETFs, Futures, Options, Bonds, Funds, and more.
  • Regulation: Several. FCA, Central Bank of Hungary, and more.
  • Euro Deposit Methods: Bank Transfers.
InteractiveBrokers Italy

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4. XTB

XTB is a company with almost 20 years of experience and with over 650,000 customers around the globe. It is one of the largest stock exchange-listed FX & CFD brokers in the world, with offices in over 13 countries. The company provides one of the safest investments you can get since XTB is regulated by several well-known authorities, such as FCA, KNF, CySEC, and FSC.

The service itself is easy to use and there is no deposit fee. However, there is a fee of €10 per month after a year of inactivity, which goes away the moment you return. For withdrawals of less than €50, there’s also an additional fee of €30. A free demo account is available, with €100k virtual funds given to use for 4 weeks to hone your skills.

  • Fees: Commission fee for Pro accounts (however you’re trading on market spreads). For Standard accounts fees for Equity CFD and ETF trades.
  • Assets: Stocks, ETFs, Commodities, Indices, and more.
  • Regulation: FCA, KNF, CySEC, and FSC.
  • Euro Deposit Methods: Bank Transfers, Credit Cards, Debit Cards, and Paysafe.
XTB

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5. Trading 212

Trading 212 is a great option for both beginner and experienced investors. The platform has over 12,000 global stocks, fractional shares, and ETFs, making it a good option for your diversification needs. Trading 212 is regulated by the Financial Conduct Authority (FCA) for the UK branch, and by the Financial Supervision Commission in Bulgaria. They have over 2 million users and over €3 billion in client assets.

Some of the features are a user-friendly interface, tight spreads, and commission-free trading. Furthermore, the platform offers a practice account with €50K in virtual funds, allowing users to sharpen their skills before starting to invest for real.

  • Fees: Zero trading fees and competitive spreads.
  • Assets: 10,000+ global stocks, ETFs, and fractional shares.
  • Regulation: Licensed by the Financial Conduct Authority (FCA), and Financial Supervision Commission.
  • Euro Deposit Methods: Faster Payments, Bank Transfers, Debit Cards, Credit Cards, PayPal, and Google Pay.

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How to Buy Stocks in Italy for Beginners

Investment, especially at start, can be pretty intimidating, but as with everything a good preparation and the right approach makes all the difference. Here are some tips that will help your investment journey:

  1. Set Goals and Strategy: Realize and set your investment objectives, and approach them with the right strategy - be it growth, value, or something else.
  2. Research and Educate: Learn as much as you can, but start with the basics. Read more on risk management, how the stock market functions, and investment in general.
  3. Choose a Trading Platform: Research what’s the best trading platform for you. Look at the fees, user experience, and assets.
  4. Open an Account: After you’ve picked a trading platform, register and finish whatever verification is needed.
  5. Fund Your Account: Deposit your Euros with the method of your choice, or what is available (credit/debit cards, bank transfer, etc.).
  6. Research Stocks: Use the platform tools and resources that are at your disposal so you can choose the best stocks for your goals.
  7. Place an Order: Finally, using the market or limit orders buy stocks and make sure you monitor your investments on a regular basis.

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Do you Need a Broker to Buy Stocks?

In Italy, a broker is typically needed when you want to purchase stocks. They are a mediator of sorts, that help you and any individuals connect to the stock exchanges. Today, there are many online brokers, and a good deal of investors go down that route. Many provide user-friendly platforms, tools that help you research, and more. All of this makes trading stocks simpler than before.

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Bottom Line

In conclusion, investing in Italy is a pretty simple process, due to regulations put by financial authorities in the country, such as the Italian Companies and Exchange Commission. Our picks for the top five stock trading platforms - eToro, DEGIRO, Interactive Brokers, XTB, and Trading 212 - all have their advantages and disadvantages depending on the type of investor. 

They all offer different assets, competitive fees, and similar. To become an investor in Italy’s stock market, start with the basics first, learn as much as you can, set your goals, choose a trading platform, and start your investment journey.