Introduction:
Investing ETF Broker in shares and funds is trendy right now, and with the corona pandemic, more and more people have started to look at growing their finances in ways other than saving. Investing in shares is an excellent option, but another popular way to invest in so-called exchange-traded funds or ETFs (Exchange-Traded Funds). Briefly explained these are funds that you can invest in like stocks. ETFs have been rapidly gaining popularity among investors recently, and no wonder. They are a simple, transparent, and cost-effective investment target. But where should you invest in ETFs?
In this article, we will discuss online trading platforms and compare which of them would be the best and cheapest ETF broker for you. In general, we can already recommend the eToro trading platform from this point of view, because it has made investing in ETFs commission-free, and in addition, investing through it is easy and fast. But why is eToro the best stock broker in 2021?
Quick Guide: 3 Best Apps for ETF Investing 2023
- eToro – An easy-to-use, versatile, and reliable trading platform where you can invest in and trade stocks, cryptos, commodities, and funds.
- Libertex – a service focused on CFD trading, suitable for active investors with higher risk tolerance.
- Skilling – A trading platform specializing in active CFD and Forex trading.
Best Places to Buy ETFs 2023:
When exchange-listed funds, i.e. ETF Brokers, are on your shopping list, you must first find the cheapest ETF broker through which to invest in them. Important things to consider when choosing a platform are of course their user-friendliness and safety. The best ETFs on the market can be found on the internet’s reliable trading services, which enable investing without additional fees or cumbersome intermediaries. Through the trading platforms, in addition to ETFs, you have direct access to the most interesting ETFs in other sectors! These are the best trading platforms on the market right now:
- eToro – An easy-to-use, versatile, and reliable trading platform where you can invest cannabis in stocks, cryptos, commodities, and funds.
- Libertex – a service focused on CFD trading, suitable for active investors with higher risk tolerance.
- Skilling – A trading platform specializing in active CFD and Forex trading.
Investing through banks in general is slow, rigid, limited, and very expensive. So why waste time and money when you can alternatively start investing yourself, without intermediaries, directly from your home couch? From the platforms mentioned above, you get all the tools you need for investing, and in addition, you have at your disposal a significantly wider, international selection of investment targets. These platforms are better equipped to guarantee the safety of your funds than banks. For example, eToro’s trading platform offers an excellent selection of investment targets, including Finnish stocks.
Of course, trading platforms also have their mobile applications, where your investment portfolio goes with you every day. The aforementioned platforms invest in the security of your money and your information on a completely different level than banks, because they recognize that online services attract all kinds of scammers. Although it sounds unbelievable, you invest more safely online than in your bank.
Find the cheapest ETF broker and start investing in 2023:
Investing in funds has always been the most familiar way for Finns to try to earn a little extra, for example for a trip abroad, or to accumulate a pension fund. And with the job market becoming more and more uncertain, the popularity of investing has risen to whole new spheres. But in addition to just investment funds, online trading services offer consumers significantly better options, such as ETFs. Through an ETF, the consumer invests in several funds at once, which spreads the investment risks.
Thanks to internet investing open up to us basic consumers in a much more versatile and extensive way. Whether you were looking for a long-term investment or an active trading target, everyone can find the option they like best. Now, if ever, is the time to find the cheapest ETF broker and invest in ETF indices for the long term, or start active trading. Buy ETFs only from reliable and secure online trading platforms like this:
ETF Broker Comparison:
Through the eToro investment application, you can trade versatilely in stocks, currencies, cryptocurrencies, ETFs, indices, and commodities. On eToro, you can find, among other things, more than ten different cryptocurrencies that you can trade with.
We like eToro’s investment app because everything in the app is done the same way as in the trading platform that you see on your desktop. In many other trading platforms, you have to settle for a truncated version of the application, but in eToro it is different. There you get the same user-friendly experience on your mobile device as on your desktop. This is a huge advantage because you can easily switch between mobile and desktop whenever you want. You can start stock analysis on your computer and end up buying stocks through the application. Easy and functional!
Own ETFs:
ETFs are a very cost-effective investment. When you buy an ETF without leverage, you invest in the underlying asset yourself, i.e. eToro buys that share for you and stores it in your “wallet” under your name. On the other hand, if you buy an ETF as a share position, eToro owns the question share and you do not have the shareholder’s voting power or share certificate. That being said, if that company pays a dividend, it will be paid to you in proportion to your ownership.
Short the market:
In short, shorting the market means that the investor supports the stock when it is falling. This goes against general logic because stocks are usually invested in the hope that the price will rise, not fall. However, by shorting you can also make money when the rates are falling.
Shorting is done through a CFD contract, which means you can sell assets even if you don’t own them. CFD trading is therefore a financial contract where the difference in the delivery price of the trade between the buyer and the seller is what is speculated. If you know how to correctly estimate the price difference in a certain time frame, you will make a profit.
eToro – Cheapest ETF broker:
After testing different platforms, we have concluded that the best and cheapest ETF broker online is eToro. This is due to its commission-free share trading and Finnish-language website. In addition to these, investing on the platform is very easy and fast. In addition, the site has very comprehensively reviewed all the most frequently asked questions, so you will surely find an answer to your questions. The site is also so easy to navigate that even your grandmother can start investing through eToro today.
So it’s no wonder that eToro has grown into one of the world’s most popular online trading platforms. The safe and tamper-proof platform is used in up to 140 countries around the world. The internet can be a volatile, even dangerous place, and eToro knows this. That is why the platform has invested a lot in customer safety. In addition to reliability, this cheapest ETF broker offers you a very wide range of investment targets, from cryptocurrencies to stocks and commodities, and currencies.
Pluses:
- 0% avoidance fee in stock trading and index brokerage
- Easy-to-use platform
- Minimum deposit of 200 euros
- Social trading and copying other investors
- Phone application to facilitate daily trading
- A comprehensive view of your investment portfolio
- A member’s club through which you can access webinars, lectures, and access to market analyses
- A very wide selection of investment targets both in Finland and internationally
Cons:
- Investing always involves risk, so losing money is possible
- Customer service sometimes has a long waiting time
- Customer service in English
- eToro does not report taxes to the taxman, so you must record the taxes yourself
- Stock returns are always taxable income
Plus500:
Plus500 is one of the world’s leading trading platforms and is an easy-to-use site. It offers a wide range of investment options, from stocks to cryptocurrencies, commodities, indices, currencies, and even ETFs. Best of all, the site is also available in Finnish. The ease of investing has also been ensured on behalf of Plus500 by introducing a fast and simple mobile phone application to the market.
Trading on the Plus500 platform is based specifically on CFD trading. For this reason, it also does not charge commissions for stock trading. Instead, you always pay the price of the spread between the respective trades. In addition to this, the platform finances its operations by charging a fee if you do not use the platform for a long time, as well as for trades that stretch overnight. The Plus500 platform has taken into account the fact that investing is always risky trading. Because of this, there is an option on the platform where you can receive notifications related to price changes related to your investments or the opinions of other investors.
- Trading platform based on CFD trading
- No commission due to CFD trading
- Trade on a computer or via the mobile app
- User-friendly platform
- The minimum deposit is 100 euros.
- Money transfers by PayPal or payment card
- Push alerts to e-mail or SMS for risk management
Cons:
- You must record and report the taxes on your income to the Finnish tax authorities yourself
- Customer service in English
Libertex:
Libertex is an old player on the market, and experience is known to bring appreciation. Libertex was founded in 1997 and today it has more than two million users in more than 110 countries around the world. Perhaps precisely because of its long history, Libertex has been awarded several times, for example as the best online trading platform. Its portfolio of investments includes stocks, ETFs, cryptocurrencies, commodities such as oil and metals, and currencies. Libertex also has its Partnership program, through which you can earn discounts on trading fees and extra income through affiliate marketing.
However, the experience does not bear out the fact that Libertex is not as clear and easy to use as, for example, Capital.com, and in addition, it does not offer Finnish at all in its language selection. In addition, the fact that its selection of ETF targets is very narrow can be considered a big disadvantage. However, there is a short list of them, and these are well-known, large-company ETFs, so you may very well find an index that interests you.
- An award-winning and long-experienced trading platform
- Partnership program
- Trade on a computer or via the mobile app
- A reliable and secure trading platform
Cons:
- A very small selection of ETF investments
- The website is not available in Finnish
- Loses in user-friendliness, for example, Capital.com
- You must record and report the taxes on your income to the Finnish tax authorities yourself
- The site’s news and tips are not real-time
Capital.com
Capital.com belongs to Capital Group, which is an American giant specializing in financial services. It is also one of the world’s oldest companies offering financial services, as it started as early as the 1930s. Today, the Capital.com trading platform is very popular internationally and its portfolio of investments includes stocks, cryptocurrencies, currencies, commodities, and IPOs. There is a good selection of ETF Broker investment targets on the site, and through it, you invest specifically through the CFD method.
Capital.com does not charge any commission for trading stocks, but because it focuses on CFD trading, it charges its share of the spread on these trades. This price varies depending on the stock and market conditions. In addition to that, the site promises not to charge fees other than the Overnight fee for overnight transactions. The platform offers risk management tools and real-time market data, and it is also a relatively easy-to-use platform that is also available in Finnish.
Pluses:
- Trading platform based on CFD trading
- A comprehensive selection of ETFs
- Stock trading is commission-free
- Trade on a computer or via the mobile app
- User-friendly platform
- The website is available in Finnish
- Guides and training material for those starting to invest
- Real-time market news and live tracking
Cons:
- Customer service in English
- You must record and report the taxes on your income to the Finnish tax authorities yourself
- Does not provide investment advice
- High Forex Prices
Conclusion:
The best and cheapest ETF broker and trading platform online is eToro. When you are starting to invest, the most important thing is to find a safe, reliable, and easy-to-use trading platform. In addition, it would be highly desirable that you can manage your investment in your native language. This is especially because you may not already be familiar with the vocabulary related to investing. In addition to its security, eToro’s advantages include its ease of use, speed when it comes to investing, and an excellent selection of different services for investors.
These include, for example, the eToro investor community. It provides you with first-hand tips, an advantage that other trading platforms do not offer. In addition, eToro is the cheapest ETF broker just for you. It only takes a couple of minutes to create an account on the service and start trading, and you have the opportunity to expand your investment portfolio very easily from index funds to cryptocurrencies and currencies. Forget about that retirement savings account and let your money grow through eToro today!
If you want to know more about ETFs, read the article: Investing in ETFs.
