Best stock brokers & investing apps in Finland

• 9 stock brokers & investing apps with a verified licence serve residents of Finland: 9 serve under an EU passport.
• Top pick by Coinish Score: eToro (71/100, Editor Rating 3.6/5).
• $0 commission on US stocks: Trading 212 and NAGA.
• Lowest minimum deposit: $50 (NAGA).

Ranked by Coinish Score: half the Editor Rating for the entity that serves residents of Finland, half Market Signal. Brokers without enough verified data for a rating are placed by Market Signal and labelled; brokers with neither are listed last. How we rate

Of the 9 stock brokers & investing apps on this list, 5 serve Finland from a CySEC licence in Cyprus (eToro, Trading 212, Admirals and 2 more), 1 serves Finland from a CBI licence in Ireland (Interactive Brokers), 1 serves Finland from a Finansinspektionen licence in Sweden (Nordnet) and 1 serves Finland from a Finantsinspektsioon licence in Estonia (Lightyear); 1 more is licensed by BaFin.

Currency conversion, which you pay on every US share bought from a non-dollar account, costs from 0.25% (DEGIRO) to 0.35% (Lightyear). Nordnet charges €3 per order for Helsinki shares (Nordnet Finland) and DEGIRO charges €2 per order for US stocks.

• Search the company name on the FIN-FSA register (finanssivalvonta.fi); for a firm licensed elsewhere, on its home regulator's register too (CySEC, CBI and Finansinspektionen for most of this list).
• Check which company your contract is with. eToro, for example, onboards residents of Finland through eToro (Europe) Ltd (CySEC licence 109/10), and the name on the account-opening documents should match the list.

Yes, with a licensed provider. Brokers need MiFID II authorisation from an EEA regulator; firms authorised elsewhere in the EEA may serve residents under the European passport.

Source: finanssivalvonta.fi

By Coinish Score, eToro (71/100, Editor Rating 3.6/5), through eToro (Europe) Ltd (CySEC licence 109/10). Interactive Brokers (71) and Trading 212 (66) follow. The score rates the company that would serve you in Finland, so the same brand can rank differently in another country.

Nine-tenths of what the failed firm owes you, up to €20,000. A claim of about €22,222 already reaches that cap, while a €20,000 claim pays out €18,000. Assets in client asset accounts shouldn't be part of the firm's bankruptcy at all.

Source: sijoittajienkorvausrahasto.fi

Yes. A firm authorised under MiFID II in one EEA country can serve residents of the others once its home regulator has notified them. All 9 on this list reach Finland that way, most from Cyprus (5), Ireland (1) and Sweden (1).

The home regulator supervises the firm and its compensation scheme applies, while FIN-FSA can still set conduct rules for clients in Finland.

If a broker fails, the compensation scheme of the regulator that licenses it applies, not one chosen by where you live. For this list: Investor Compensation Fund (Cyprus): 90% of covered claims, up to €20,000 for clients of CySEC-licensed investment firms (5 on this list); Investor Compensation Company (ICCL): 90% of the loss, up to €20,000 per investor for clients of CBI-licensed investment firms (1 on this list); Investerarskyddet (Riksgälden): up to SEK 250,000 per investor for clients of Finansinspektionen-licensed investment firms (1 on this list); Entschädigungseinrichtung der Wertpapierhandelsunternehmen (EdW): 90% of the claim, up to €20,000 per investor for clients of BaFin-licensed investment firms (1 on this list). Compensation covers missing client money and assets after a firm's failure, never trading losses.

Sources: cysec.gov.cy, investorcompensation.ie, riksgalden.se, e-d-w.de

With an equity savings account (osakesäästötili) you can buy and sell shares without paying tax on each sale. Tax is only due when you take money out, and you can pay in up to €100,000.

Coinish isn't a tax adviser: check your own situation with the tax authority or an accountant.

Source: vero.fi