Best brokers in Italy

Italy
A broker abroad brings the monitoring duty with it: quadro RW every year whatever the assets earned, plus the IVAFE at 0.20% of their year-end value. Assets held through an Italian intermediary that withholds for you stay outside both.
IT

Brokers available in Italy

Checked on 28 September 2026. 13 brokers accept someone resident in Italy. What each one charges and how your assets are protected:

  • Bitpanda: European ETF €1, investor protection up to €20,000.
  • BUX: European ETF €0.99, 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.
  • Scalable Capital: European ETF €0, interest on uninvested cash 2.60%, 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.

Five of them charge nothing to buy a European ETF: eToro, Lightyear, Scalable Capital, Trading 212 and XTB. The highest advertised interest on uninvested cash is 2.60% at Scalable Capital. Fees are the published retail prices. Currency conversion, custody and transfer costs are in the table above.

What to know if you live in Italy

Capital gains and dividends are taxed at 26% (Agenzia delle Entrate). Gains realised through a broker with no Italian intermediary go in quadro RT of the Redditi PF, and foreign dividends from non-qualified holdings in quadro RM. A loss can be set against gains of the four following years, but only if you declare it in the year it happens.

Holding securities with a broker abroad also brings the monitoring duty: you file quadro RW every year whatever income the assets produced, and pay the IVAFE of 0.20% of their year-end value there (Agenzia delle Entrate). Assets held through an Italian intermediary that withholds for you are outside it. If a firm fails, the Fondo Nazionale di Garanzia covers up to €20,000 per investor (Consob).