Best brokers in Estonia

Estonia
The investeerimiskonto should drive this choice more than any fee on the page. With a cash account at a qualifying EEA or OECD institution nothing is taxed until withdrawals exceed deposits. A broker that does not settle through a nominated cash account falls outside it.
EE

Brokers available in Estonia

Checked on 28 September 2026. 11 brokers accept someone resident in Estonia. What each one charges and how your assets are protected:

  • Bitpanda: European ETF €1, investor protection up to €20,000.
  • DEGIRO: European ETF €1, investor protection up to €20,000.
  • eToro: European ETF 0%, investor protection up to €20,000.
  • Freedom24: European ETF €2 + €0.02 per share, investor protection up to €20,000.
  • Interactive Brokers: European ETF Fixed: 0.05% (min. €3); Tiered: 0.05% (min. €1.25), interest on uninvested cash 1.93%, investor protection up to €20,000.
  • Lightyear: European ETF 0%, investor protection up to €20,000.
  • Revolut: European ETF €1, investor protection up to €22,000.
  • Saxo: European ETF 0.08% (min. €2), investor protection up to €20,000.
  • Trade Republic: European ETF €1, interest on uninvested cash 2.50%, investor protection up to €20,000.
  • Trading 212: European ETF 0%, interest on uninvested cash 2.50% to 3.50%, investor protection up to €20,000.
  • XTB: European ETF 0%, interest on uninvested cash 1.10%, investor protection up to €20,100.

Four of them charge nothing to buy a European ETF: eToro, Lightyear, Trading 212 and XTB. The highest advertised interest on uninvested cash is 2.50% at Trade Republic. Fees are the published retail prices. Currency conversion, custody and transfer costs are in the table above.

What to know if you live in Estonia

Gains on securities are taxed at 22% and declared on form A, table 6.1 for gains received in Estonia and table 8.2 for gains from abroad. A loss on securities is set against gains on other securities and carried forward where there are none (Maksu- ja Tolliamet).

The rule that should drive the choice of broker is the investeerimiskonto. With a cash account at a qualifying institution in the EEA or the OECD, nothing is taxed until the money you take out exceeds the money you put in, and you declare cash flows rather than individual trades, in table 6.5 with the IBAN and SWIFT of the institution. A broker that does not settle through a nominated cash account, or an instrument outside the eligible list, falls out of that deferral. Investor protection runs to €20,000 per investor (Tagatisfond).