Best brokers in Portugal

Portugal
A loss only carries forward, for five years, if you opt for englobamento. Gains on securities held less than 365 days are added to the rest of your income once you reach the top bracket. The SII covers €25,000 per investor.
PT

Brokers available in Portugal

Checked on 28 September 2026. 11 brokers accept someone resident in Portugal. 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 Portugal

Dividends and capital gains are taxed at 28%. A Portuguese provider withholds the tax on dividends and that settles it. A broker in another country withholds nothing for Portugal, so foreign dividends go in quadro 8 of anexo J and foreign gains in quadro 9.2A, while Portuguese gains go in quadro 9 of anexo G (Autoridade Tributária).

Two rules worth knowing before you choose. A loss can only be carried forward, for five years, if you opt for englobamento (art. 55.º CIRS), and gains on securities held for less than 365 days are added to the rest of your income when your taxable income reaches the top bracket (art. 72.º CIRS). A securities account abroad also has to be identified in quadro 11 of anexo J. If a firm fails, the Sistema de Indemnização aos Investidores covers up to €25,000 per investor (art. 10.º do Decreto-Lei 222/99).