Easybroker review: features, costs and who it fits less well
Own interest. Daytraders.nl and Easybroker are both part of DMA Europe B.V. This is a conflict of interest. We apply the same methodology and criteria to every broker. That is why this review also states clearly where Easybroker fits less well. See also our page on affiliate relationships.
What is Easybroker?
Easybroker is a Dutch broker that works as an introducing broker of Interactive Brokers Ireland Limited (IBIE). This means Easybroker handles the client relationship and the Dutch-language interface, while trading and custody run through Interactive Brokers. Easybroker is a trading name of DMA Europe B.V., an investment firm with an AFM licence. According to our broker page, Easybroker has existed since 2014 and is supervised by the AFM and DNB. The account runs via Interactive Brokers Ireland, which is supervised by the Central Bank of Ireland. Always read the current terms with the broker itself.
What does Easybroker offer?
According to our broker page, through Easybroker you can invest in stocks, ETFs, bonds, funds, options, futures, warrants and forex on 170 markets in 40 countries and territories. There is a web platform, apps for iOS and Android, and Interactive Brokers’ professional Trader Workstation platform.
Business account
Easybroker also opens accounts for a B.V., holding company, N.V. or foundation. Not every Dutch broker does this. See also our overview of business investing. Note that business accounts carry fixed monthly costs (€30 per month for one entity and one shareholder, €5 per extra shareholder and €10 per extra entity). At low trading volume these can weigh heavily.
Costs
According to our broker page, Easybroker charges, among other things, 0.08% per trade with a minimum of 3 euros for European stocks and ETFs, and 0.008 US dollars per share for US stocks and ETFs (minimum 3 dollars, maximum 1% of trade value). Deposits via iDEAL cost nothing. The first withdrawal per calendar month costs nothing; after that a withdrawal costs €1 (SEPA) or €8 (international transfer). There are no inactivity fees and private clients do not have to deposit a minimum amount. For UK exchanges Easybroker charges 0.09% (minimum £3). Exchange, regulatory and clearing fees are included for the EU and the US, but not for the UK. A demo account is also available. Fees can change, so check the review page and Easybroker itself for current fees.
Protection and supervision
Accounts are legally opened with Interactive Brokers Ireland, not with a Dutch institution. As a result, according to our broker page, the Irish investor compensation scheme applies, not the Dutch one (90% of the claim, up to €20,000 per person, retail clients only). This is an important difference from Dutch brokers where the Dutch scheme applies. Read the terms carefully and compare the scheme amounts.
Strengths
- Broad access to exchanges and products through the Interactive Brokers network.
- Dutch-language interface and Dutch-language customer support.
- Business accounts for a B.V., holding company, N.V. and foundation.
- No fees for iDEAL deposits and no inactivity fees. No minimum deposit and a demo account is available.
Limitations
- Fixed monthly costs for business accounts.
- Investor compensation follows the Irish scheme.
- Few research tools and little education of its own. The focus is on order execution.
- According to our broker page, costs for private investors are comparable to other Dutch brokers. So there is no clear price advantage.
- No crypto.
Who is Easybroker less suitable for?
- If you only want to buy crypto: look at a crypto provider such as Finst or Bitvavo.
- If you trade little with a business account: the fixed costs can weigh heavily.
- If you want fractional shares or an app with a simple subscription: see for example Trade Republic or Scalable Capital.
- If you want a lot of research and analysis tools in the platform: see for example Saxo.
- If the Dutch compensation scheme matters to you: check which scheme applies at every broker.
Compare with other brokers
Place Easybroker next to other brokers in our overview. Interactive Brokers and LYNX use the same underlying infrastructure. See Interactive Brokers and LYNX.
Risk warning
Investing involves risk. You can lose part or all of your money. Past results say nothing about the future. This review is educational and not personal investment advice. Consult a qualified adviser before making a decision.