Golden Five brokers 2024: Who conquered the market?

The year 2024 has been a bright time for investors. With the growing popularity of the stock market and new technologies, choosing an online broker has become more important than ever. We have ranked the top five brokers that managed to take the top positions this year thanks to their innovative solutions, convenient platforms and competitive conditions. Each of them deserves a special mention.

Trade Republic: Simplicity and accessibility

Trade Republic is one of the most popular brokers thanks to its simplicity and transparent pricing. Founded in Germany in 2015, it quickly conquered the market by offering investors a user-friendly app with an intuitive interface. Among the available assets are stocks, ETFs, and index funds. The broker provides access to more than 12,000 instruments, making it a great choice for portfolio diversification. The commission for standard orders is just €1 and investment plans are offered for free, which is especially convenient for long-term investors.

Trade Republic also delights users with additional bonuses: a payout of up to 4% on uninvested cash and cashback on purchases with a new payment card. Transparent conditions and friendly support service make this broker an ideal choice for beginners. For long-term investors, the broker offers a unique opportunity to accumulate funds through automatic investment plans, minimising the impact of market fluctuations on portfolio value.

XTB: The ideal choice for traders

XTB stands out for its advanced trading platform and wide range of financial instruments. Founded in 2002, this broker is ideal for those looking for active trading opportunities. XTB also offers over 3,500 stocks, 2,000 CFDs and over 400 ETFs, as well as access to Forex and indices. The user-friendly xStation 5 platform includes powerful technical analysis tools such as moving averages and Bollinger Bands. This makes XTB a suitable choice for experienced traders.

An added benefit is that there are no commissions on stocks and ETFs with a monthly trading volume of less than €100,000. Rewards on uninvested funds are also offered, which makes XTB not only convenient but also a profitable tool for financial management. The company actively supports newcomers by offering free educational courses, webinars and interactive training materials. With these features, XTB becomes accessible and attractive to investors of all backgrounds.

eToro: Social trading in action

eToro really deserves third place thanks to its innovative social trading platform. Founded in 2007, this broker offers the ability to copy trades of successful traders, making it unique in its segment. Stocks, ETFs, cryptocurrencies, currencies and commodities are available on eToro. In total, users can choose from over 3,000 stocks and 400 ETFs. In addition, the broker offers smart portfolios that combine different assets, making it easy to diversify investments.

The eToro platform is particularly appreciated for its ease of use and active community of traders that helps newcomers master trading. In 2024, eToro continues to be the leader for those who want to start investing with minimal effort. eToro's unique copy trading system minimises risk for beginners by providing access to proven strategies from successful traders. This makes the platform ideal for those who are just starting their journey in the financial markets.

DEGIRO: Diversity and competitive rates

DEGIRO is one of Europe's best-known brokers, which has gained popularity thanks to its wide range of assets and low commissions. Founded in 2008, the company offers access to more than 10,000 stocks on 50 stock exchanges. Particularly eye-catching are the free ETFs, of which DEGIRO has over 200 in its range. The commission for buying shares is just €1, making it affordable even for novice investors.

DEGIRO's platform offers a user-friendly interface with interactive charts and analytical tools, which makes investing easier. This broker remains one of the best choices for those who value transparency and want to have access to a wide range of instruments. Regulated by leading European financial authorities, DEGIRO provides reliability and security for investors, giving them access to the most sought-after markets in the world.

Scalable Capital: Automation and accessibility

Scalable Capital stands out for its simplified approach to investing, making it accessible to everyone. Founded in 2014, this broker offers over 12,000 assets including stocks, ETFs, investment funds, commodities and even cryptocurrencies. It is worth adding that Scalable Capital attracts investors with its low commissions and automatic investment plans that are free of charge. For example, the €2.99 monthly plan allows you to trade stocks and ETFs without additional commissions.

The broker also offers annual returns of up to 4% on uninvested funds, making it an ideal choice for long-term investors. The ease of use and reliability of the platform make Scalable Capital a favourite for those who want to invest responsibly. Investors also appreciate the ability to create their own automated portfolios using innovative analysis tools. This simplifies the diversification process and helps achieve financial goals with minimal effort.

Conclusion: The best brokers conquering the market in 2024

It's safe to say that 2024 has demonstrated that choosing the right broker can be the key to successful investing. Trade Republic, XTB, eToro, DEGIRO and Scalable Capital have deservedly taken their places in the ranking thanks to their user-friendliness, innovative approaches and competitive rates. Each of these brokers offers unique benefits, allowing investors to choose one that suits their goals and trading style. Regardless of your experience, finding the right broker from the Gold Five will be a great start to a successful investment.