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The options for a high dividend investor
The fact is that many high-dividend shares are not tradable everywhere. Based on our database, we investigate where you as a dividend investor have the most choice of shares and what is best suited from a cost perspective.
The following brokers will be looked at:
IBKR
Account minimum: No minimum deposit required
Interactive Brokers is a global, professional broker with very low trading costs and access to virtually all major stock exchanges. The platform is ideal for investors who want to diversify internationally and optimize dividend income. Thanks to low commissions, a transparent cost structure, and interest on uninvested funds, the net dividend yield remains high. Furthermore, IBKR efficiently processes dividend distributions and foreign withholding taxes. The interface is somewhat more complex than that of more basic brokers, but it offers powerful tools for those who want to build a substantial dividend portfolio.
Trade Republic
Account minimum: No minimum deposit required
Trade Republic is a user-friendly, app-based “neo-broker” from Germany that focuses on simplicity, low costs, and accessibility. You can invest from very small amounts, there are few additional costs (such as no inactivity or custody fees), and stock/ETF transactions typically incur only a fixed “external settlement fee” of €1 per trade. Dividend investors find it appealing because it’s easy to get started, and fractional shares offer access to more expensive stocks even with small amounts.
Bolero
Account minimum: No minimum deposit required
Bolero is KBC’s online investment platform in Belgium, known for its reliability and customer focus. Because it’s embedded in an established bank, Bolero handles tax and administrative matters such as the Belgian transaction tax (TOB) and dividend tax. This is beneficial for dividend stock investors, as it reduces their own tax burden. Bolero offers access to numerous exchanges and recently lowered its fees for small orders to make the platform more accessible.
Etoro
Account minimum: The initial deposit amount varies by region, but is often $50. In some countries or with certain payment methods, it may be higher (e.g., wire transfers).
eToro is an intuitive, app-based broker known for social trading—you can automatically copy other traders’ positions. For regular stocks, they generally charge no commission (although a fixed commission of approximately $1 per trade has recently been introduced for some European countries). Additional fees such as currency conversion and inactivity may apply. Its accessibility and user-friendliness, along with fractional investing (you can buy parts of stocks), make eToro attractive for investors with limited resources.
Freedom24
Account minimum: Freedom24 doesn’t require a minimum deposit; you can generally start with a small amount. In practice, some sources indicate that you can deposit €1.
Freedom24 is an online broker offering access to a wide range of stocks, ETFs, bonds, and options from Europe, the US, and Asia. It offers various pricing plans (such as “Smart” and “All-Inclusive”), allowing you to choose the one that best suits your trading intensity. Dividend investors will appreciate the fact that there’s no minimum deposit required to get started, bank transfers are free, and transaction fees are reasonably competitive, especially for larger volumes. Furthermore, Freedom24 offers a dedicated “D-account” with interest accrual on unused funds (with a minimum deposit starting from €1).
XTB Online Trading
Account minimum: XTB doesn’t require a minimum deposit; you can generally start with a small amount. In practice, some sources indicate that you can deposit €1.
XTB is an internationally operating broker that offers a user-friendly platform (xStation 5) with both stock/ETFs and CFD products. For stocks and ETFs, you pay no commission up to a monthly trading volume of €100,000. If you exceed this threshold, a 0.20% commission is charged, with a minimum of €10. Furthermore, XTB charges a currency conversion fee of 0.50% if you buy shares in a currency other than your base currency. Unused cash (uninvested money) can earn interest. There are no fixed account fees or custody fees (up to a certain level).
SAXO
Account minimum: There is no minimum deposit required to open a standard (Classic / Individual) account with Saxo.
Saxo is a renowned European online broker and bank (with a Danish banking license) that offers a wide range of financial instruments—from stocks, ETFs, bonds, and derivatives—through powerful platforms like SaxoInvestor, SaxoTraderGO, and PRO. For dividend investors, the advantages are that Saxo charges no inactivity fees or platform fees, that currency conversion costs are reasonably transparent, and that it combines international access and strong infrastructure for continuity and reliability.
Easybroker
Account minimum: For private accounts, there’s no minimum deposit: you can start with any amount. However, if you want to use margin/leveraged positions, a minimum of €2,000 is often mentioned. For business (company) accounts, there’s a minimum monthly fee of €25 as a base fee.
Easybroker acts as an introducing broker for Interactive Brokers Ireland Limited (IBIE), meaning your trading account is legally held with IBIE. They position themselves as a broker with low and transparent rates, no management fees or hidden charges, aimed at both novice and experienced investors. For those who want to buy dividend stocks, an advantage is that fractional investing (share fractions) gives you access to expensive stocks with relatively small amounts. They also offer education and support through their “Investment Institute”/partnerships to educate clients on investing. One caveat is that Easybroker business accounts involve a fixed monthly fee, which may be relevant if you want to invest through a company.
DEGIRO
Account minimum: DEGIRO doesn’t require a minimum deposit: you can start with very small amounts. When you first use your account, you may need to make a minimum deposit (e.g., €0.01) to activate it.
DEGIRO is a relatively low-cost broker with a strong European reach. For dividend stock investors, it’s convenient that you can start with small amounts (no threshold) and that the fee structure is fairly transparent. DEGIRO offers, among other things, a “core selection” of ETFs that you can trade (under certain conditions) at very low costs. Furthermore, DEGIRO charges an annual connection fee per exchange, which you should keep an eye on if you trade on multiple exchanges.
DEGIRO is attractive because it is often cheaper than traditional banks, has a simple interface, offers flexibility in choosing exchanges and currencies, and has no minimum deposit requirement.
Trading212
Account minimum: Trading 212 doesn’t set a fixed minimum deposit; you can often start from as little as £/€1. Bank transfer deposits are free, but when using cards or e-wallets, a 0.7% surcharge may apply if your total deposit exceeds €2,000.
Trading 212 is a user-friendly mobile app broker that offers commission-free investing for stocks and ETFs. There are no management or inactivity fees, and you can buy fractional shares, making it accessible to own even high-yielding dividend stocks in small chunks. The broker primarily earns money through currency conversion fees and sometimes charges a deposit fee for certain payment methods above a threshold.
Trive
Account minimum: Trive claims that many account types don’t require a minimum deposit. Their “VIP” account does require a minimum deposit of $2,000. Some sources mention that payment methods (such as payment processors) do have their own minimum requirements (e.g., $100).
Trive profiles itself as a broker offering low spreads, commission-free trading, and a modern platform, including support for social trading and copying.
It uses the popular MetaTrader 4 and 5 platforms and focuses on traders who want to trade actively, with support for various instruments such as FX, indices, commodities, and CFD shares. The broker is registered under the supervision of the Malta Financial Services Authority (MFSA) within the EU. Trive is less ideal for dividend investing, as it primarily focuses on leveraged products/CFDs and may not offer direct share ownership, meaning you won’t receive actual dividends. Reviews explicitly state: “Investing: Not Available” with Trive—it’s more of a trading broker than a long-term investment platform.