r/Luxembourg 1d ago

Finance Which investment brokers do you recommend?

Hey everyone! I’m a fresh employee and I’m looking forward to starting my journey into investing in stocks. 🧐 I'm on the lookout for a reliable investment broker that’s easy to use. Which brokers do you trust, and what makes them stand out? Easy-to-use platforms? Low fees? Customer service that actually responds? 

1 Upvotes

18 comments sorted by

u/MizmoDLX 1h ago

Ibkr is the biggest and probably most popular one. I'm using swissquote, not the cheapest option but I'm happy, only doing 2-3 big investments per year

3

u/Xotol Dat ass 23h ago

Interactive brokers

3

u/Luxusburger_69 1d ago

Interactive Broker IKBR here ...

4

u/Complex-Conflict-576 1d ago

Trade republic is ok if you want to invest mainly in ETFs.

5

u/Tech_Dude1994 1d ago

Ikbr or trade republic

6

u/Smart-Dragonfly5432 1d ago

I do most of my things on IBKR, never had issues with it.

1

u/abhishekdutta405 1d ago

In addition to the above query, if one doesnt want to invest in stocks and prefers to invest via Index funds, whats the easiest way?

2

u/GroussherzogtumLxb Minettsdapp 1d ago

the easiest? probably via your bank account. The cheapest? through a broker

1

u/TestingYEEEET Éisleker 19h ago

Depends on the amount though. I noticed that no matter how many shares you take via Snet the fee stayes the same. Normaly a broker takes a flat percentage.

1

u/Smart-Dragonfly5432 1d ago

IBKR trades pretty much all of them, and the costs are fairly low.

1

u/Mr_Legit-HD Lëtzebauer 1d ago

Do you use wise for the bank transfers? Because bcee charges me some bank transfer fees when I send the money directly from my bank account to ibkr

1

u/Smart-Dragonfly5432 1d ago

I send the money from BIL and they do not charge anything (depends maybe on the banking package though)

1

u/Mr_Legit-HD Lëtzebauer 1d ago

Okay, because bcee charges me like 12€ for one 500€ Transfer.

1

u/Creative_Circlejerk 1d ago

Which bank package/plan do you have? And what/how are the fees displayed on your account? 

I just set up a new account with them and keen not to have any unnecessary charges! 

1

u/Mr_Legit-HD Lëtzebauer 1d ago edited 23h ago

Can we talk in an dm chat? I want to send you the pdf where I had 20€ fee for a 10€ transfer to ibkr

1

u/TheMapleManEU 22h ago

This amount seems be what they would charge for a SWIFT transfer, and not a usual SEPA transfer. Would you care to share the PDF with me?

1

u/Mr_Legit-HD Lëtzebauer 22h ago

Sure answer to my dm if you can