Best Borsa Italiana Brokers 2026
Discover the best brokers with access to the Borsa Italiana following our rigorous hands-on testing.
Written ByRoyston Wild
Royston is a seasoned investor and financial writer with over a decade of experience analyzing brokers and investment markets. With a background in stocks, commodities, and forex reporting - he brings a fresh perspective to broker evaluations.
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Fact Checked ByJames Barra
James is an experienced broker analyst with a background in financial services. He has spent 2,500+ hours testing brokers, used 35+ different platforms and apps, audited 120+ broker T&Cs, and verified 300+ regulatory licenses. James has also been on US, UK and German TV, and been a guest on finance podcasts, discussing reports conducted by BrokerListings.com and sharing his expertise.
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Edited ByTobias Robinson
Tobias is committed to helping traders find the right brokerage for their needs. He has tested 200+ brokers, spent 2,600+ hours using different platforms, and placed 2,100+ trades.
Tobias Robinson Profile PageAugust 5, 2026
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1Interactive Brokers (IBKR) is a leading brokerage offering access to over 170 markets in 40 countries and a range of investment services. With 40+ years in the industry, this Nasdaq-listed company follows strict regulations by the SEC, FCA, CIRO, and SFC, making it a trusted global trading broker.
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2Founded in 2001, FOREX.com is part of StoneX, a global financial services firm with over a million customers. Regulated in the US, UK, EU, Australia, and other regions, it offers thousands of markets, not just forex, with competitive pricing on advanced platforms.
Compare Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $0 | $100 | 1:50 (major forex pairs), 1:2-1:4 (equities) | ✗ | SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | Capitalise.ai, TWS API | ✓ | ✗ | |
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✓ | ✓ | $100 | 0.01 Lots | 1:50 | ✗ | NFA, CFTC | Forex, Futures and Options on Metals, Energies, Commodities, Indices, Bonds Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto | WebTrader, Mobile, MT4, MT5, TradingView | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN | Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Borsa Italiana Brokers 2026 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
|
✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Borsa Italiana Brokers 2026.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
|
iOS & Android | ✓ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Borsa Italiana Brokers 2026 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
|
✓ | $0 | $100 | ✓ | ✗ | ||
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Borsa Italiana Brokers 2026 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Capitalise.ai, TWS API | ✗ | ✓ | ✓ | ✗ | 1:50 (major forex pairs), 1:2-1:4 (equities) | ✓ | ✓ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✓ | ✓ | ✗ | 1:50 | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Borsa Italiana Brokers 2026.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
|
✓ | USD: 3.14%, GBP: 3.24% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Borsa Italiana Brokers 2026 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
|---|---|---|---|---|---|---|---|---|---|
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Borsa Italiana Brokers 2026.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|
|
✗ | $0 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | $15 | 1.2 | BTC 1.4%, ETH 2% | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
EUR/USD Spread |
Crypto Spread |
Customer Ratings
Compare how customers of these brokers feel about them, with real user ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Customers |
Trustpilot Score |
Trustpilot Reviews |
Android App Rating |
iOS App Rating |
|---|---|---|---|---|---|
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4,300,000 | 5,398 | |||
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450,000 | 2,420 | |||
| Broker | Customers |
Trustpilot Score |
Trustpilot Reviews |
Android App Rating |
iOS App Rating |
Broker Popularity
See how popular the Best Borsa Italiana Brokers 2026 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Interactive Brokers |
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| FOREX.com |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- Interactive Brokers has introduced a single platform combining prediction markets from Kalshi, CME Group, and ForecastEx. Users can trade yes/no contracts on political, economic, and climate events, with a fixed $1 payout per contract, 24/6 market access, and interest on qualified positions.
- The TWS platform is designed for intermediate to advanced traders. It includes over 100 order types and a dependable real-time market data feed that rarely experiences downtime.
- IBKR is a highly regarded brokerage, regulated by prime authorities. This ensures the safety and reliability of your trading account.
Cons
- TWS is complex, and beginners might find it difficult to use and understand all its features.
- In 2025, IBKR was fined $11.8 million by the US OFAC for offering services in restricted areas. It also faced a $125,000 fine from FINRA in 2025 for failing to disclose municipal bond information.
- IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
Why Trade With FOREX.com?
FOREX.com is a top-tier brokerage suitable for forex traders of all skill levels. It offers more than 80 currency pairs, has small spreads starting from 0.0 pips, and features low fees. The platform provides powerful charting tools that include over 100 technical indicators and multiple research aids.
Pros
- FOREX.com provides top-tier forex pricing beginning at 0.0 pips. They also offer competitive cashback rebates up to 15% for dedicated traders.
- Numerous educational materials such as tutorials, webinars, and a comprehensive YouTube channel are available to assist you in learning about the financial markets.
- FOREX.com has over 20 years of experience with strong regulatory oversight, and has received multiple awards, including second place in our 'Best Forex Broker' awards. As such, FOREX.com is globally reputed as a reliable trading brokerage.
Cons
- Demo accounts have a limited time duration of 90 days, which may not be sufficient for thoroughly testing trading strategies.
- US clients do not have negative balance protection, so you can potentially owe more than your original account deposit.
- FOREX.com, part of GAIN Capital Group LLC, paid a $700,000 fine to the NFA for mismanaging client accounts.
Filters
How We Choose The Top Borsa Italiana Brokers
Our comprehensive testing process involves four steps:
- After registering for a trading account with each brokerage, we record which ones permit trading of assets on the Borsa Italiana.
- We then confirm that each firm is licensed by a reputable global regulator. For investors in Italy, we recommend selecting a broker whose operations are supervised by the Commissione Nazionale per le Società e la Borsa (CONSOB) or by another European Union (EU) regulator. Italy’s national regulator – like those across the EU – is ranked as a Category A body under BrokerListings.com’s proprietary rating system.
- After this, we frequently re-check each broker’s regulatory status, as regulators can withdraw or suspend authorization when they identify misconduct.
- We also consider other features of the broker’s service, including the fees they charge, the quality of their trading platform, the markets they provide access to, the availability of demo accounts, and the range of payment methods they accept.
Brokers receive an overall rating based on a combination of more than 200 data points and feedback from our hands-on testers. Companies that offer exposure to the Borsa Italiana are then ranked according to these scores.
How Should I Choose A Broker To Trade On Borsa Italiana?
Borsa Italiana’s status as one of Europe’s biggest stock exchanges offers exceptional opportunities for retail investors. With dozens of brokers now offering access to shares and other securities on Milan’s stock market, individuals have plenty of choice to find the service provider that best suits their needs.
Here are four key factors any investor should consider when choosing a brokerage:
Trustworthiness
Financial investment scams are becoming an increasing danger in Italy, just as they are in the rest of the world. Data shows that 1.2 million Italian citizens fell victim to fraud or attempted fraud in the investment sector in 2025. This resulted in overall losses of a whopping €1.8 billion.
For this reason, it’s essential to use a broker that’s authorized by CONSOB, Italy’s national regulator, or by another top-tier EU regulator.
Pro tip: All regulators in the EU follow a harmonized legal framework designed by the European Securities and Markets Authority (ESMA) and EU legislation.
This includes regulations set out under the Markets in Financial Instruments Directive II (MiFID II), which was introduced in 2018 to improve investor protection and boost the transparency and strong functioning of financial markets across the EU.
Under MiFID II rules, a broker that is authorized in any one European Economic Area (EEA) country can ‘passport’ their approval and operate in any other member state. The EEA comprises of all 27 EU states along with Norway, Iceland and Liechtenstein.
Pro tip: BrokerListings.com recommends you prioritize brokers that are authorized by EU country regulators if you live in Italy. This is because each national regulator across the trading bloc has attained Category A status under our regulator ranking system, indicating strong levels of protection.
By comparison, Norway’s national regulator carries a Category B ranking, while those in Iceland and Liechtenstein have Category C ratings.
Using a broker licensed by an EU regulator like CONSOB has other advantages. This includes negative balance protection when trading contracts for difference (CFDs) outside Borsa Italia, and access to a compensation scheme if the broker I’m using goes bust.
CONSOB-approved brokers, for instance, must sign up to the Fondo Nazionale di Garanzia (FNG) programme, which translates as the National Guarantee Fund in English. This would cover me for up to €20,000 for lost assets if the brokerage I use fails.
If you’re an overseas trader looking to buy and sell on Borsa Italiana, you should consider searching for top-tier regulators in your jurisdiction.
Top Borsa Italiana broker for trustworthiness: AvaTrade is authorized by the Central Bank of Ireland (CBI), along with the Cyprus Securities and Exchange Commission (CySEC) where it is registered under the name of its subsidiary D.T. Direct Investment Hub.
AvaTrade is also authorized by other respected global regulators outside the EU. These include fellow Category A bodies the Australian Securities and Investments Commission (ASIC) and Japan’s Financial Services Agency (FSA).
AvaTrade’s regulatory status with the Central Bank of Ireland (CBI). Source: CBI
Trading Costs
Keeping costs to a minimum is essential if you’re a high frequency trader. If you’re a long-term buy-and-hold investor, not so much. But it’s a good idea to keep costs to a minimum regardless of your investing style.
This doesn’t mean simply opting for the broker that’s cheapest, however. You may pay a higher account fee with one broker. Yet if it means a more sophisticated trading platform with better functionality and added tools, the extra cost may be worth it.
As well as account charges, consider the broker’s:
- Commissions for trading Borsa Italiana securities.
- Deposit fees.
- Withdrawal charges.
- Inactivity fees.
- Bid (buy) and ask (sell) spreads.
Pro tip: Borsa Italiana charges exchange members (like brokers and liquidity providers) transaction and execution fees, not retail and institutional investors themselves.
For example, under one of Euronext’s fee structures for equity trading, members pay €0.13 per order for the first 700,000 executed orders per month; €0.08 for the following 500,000 orders; and €0.05 for all subsequent orders. They will also pay a value-based trading charge that also works on a sliding scale depending on monthly trading volumes.
Though these fees are paid at the exchange level, brokerages may build them into the costs they charge their customers.
If I’m based in Italy or any other eurozone country, I should consider using a broker that offers accounts that use the euro (EUR) as the base currency. This can make it more straightforward for me to trade EUR-denominated Borsa Italiana assets. It also means I can avoid currency conversion costs.
Top Borsa Italiana broker for trading costs: Pepperstone lets customers use the EUR as a base currency on both its Standard and Razor accounts. Deposits and withdrawals are free of charges, and spreads are ultra competitive, particularly for those using Pepperstone’s paid-for Razor account.
Traders who are buying and selling Borsa Italiana shares via Pepperstone’s CFDs will pay a 0.10% trading commission per side, with a minimum commission of €0.01. Index CFDs are commission-free. Pepperstone does not offer direct access to securities on the Milan exchange.
Base currencies that Pepperstone accepts. Source: Pepperstone
Asset Range
While Borsa Italiana is one of Europe’s great stock exchanges, not all brokers will offer deep exposure to its catalogue of listed securities.
Some service providers will limit customers to Italy’s blue-chip listings, omitting the small and medium-sized enterprises (SMEs) that can be found on Euronext Growth Milan. Others will allow a broad range of shares and exchange-traded funds (ETFs), but omit other securities like derivatives products.
That said, with some research it’s possible to find brokers that offer an extensive suite of Borsa Italiana assets.
Certain firms won’t let you buy Milan-listed shares or ETFs directly. Instead, they will let you buy a derivative that tracks a specific stock, index or other asset, which allows you to speculate on price movements without actually taking ownership of the underlying security. This can have drawbacks — for instance, holders of a Pirelli-linked CFD will not be entitled to receive any dividend income.
Top Borsa Italiana broker for asset range: Interactive Brokers offers excellent exposure to the world’s stock markets, including Borsa Italiana. Whether you’re looking to directly trade stocks, ETFs, bonds and funds, or get access via derivatives like warrants and options, customers have a huge range of assets to choose from. Be mindful that certain derivatives may not be available depending on the region where you’re residing.
Trading Platform
There’s no definitive answer to what makes a great trading platform. Some may love a broker for its extended trading hours and social trading features. Yet this will cut little ice with traders who don’t use these features, and prefer brokerages based on the quality of their trading signals, for instance.
That said, there are certain criteria that all investors demand when choosing a broker based on their trading software. These include:
- Fast execution speeds.
- Menus that are responsive, easy-to-navigate and highly customizable.
- A stable platform, particularly during peak trading times on the Borsa Italiana. Trading activity may, for example, pick up when the Istituto Nazionale di Statistica (ISTAT) releases Italian growth data.
- Live price and market volume data, including Level 2 pricing.
- The ability to create bespoke watchlists, for instance to track shares on Italy’s FTSE MIB index of large-cap companies.
- A selection of risk management tools (such as stop loss orders).
- Excellent customer service that’s easy to reach.
- Comprehensive research material (like news feeds and economic calendars).
Top Borsa Italiana broker for trading platform: IG’s proprietary trading platform is excellent. It’s highly customizable, fast, and simple to navigate. I can carry out advanced technical analysis with more than 30 drawing tools; choose from a wide variety of risk management tools; and receive alerts to make me aware of trading opportunities.
But if I don’t want to use IG’s own desktop software, I can choose from several third-party trading platforms to use instead. These include MetaTrader 4 (MT4) and TradingView.
IG is also one of the few brokers that offers smartphone and smartwatch apps for those who want to buy and sell ‘on the move.’ This can be useful if you’re away from your desk during Borsa Italiana’s normal opening hours (09:00 to 17:30 local time) and are looking to trade.
Trading Ferrari with IG’s platform. Source: IG
How Can I Begin Trading On Borsa Italiana?
Buying and selling securities listed in Milan requires me to complete three steps:
1. Comparing brokers. This will be the most time-consuming part of the process. The market is large and ultra-competitive, and there are plenty of factors for investors to consider on top of the core ones detailed above. Other things to think about may include the broker’s support for automated trading.
2. Opening an account. During the registration process, I’ll need to submit a range of information for record keeping and regulatory purposes. Along with providing basics like my name, date of birth and address, I’ll be asked questions on my investing experience, my trading objectives and the source of my funds. Some brokers will also require digital copies of proof of address and ID at this stage; others will request it later on.
3. Deposit funds. I’ll need money in my account before I can begin buying Borsa Italiana securities. Most brokers support a variety of payment methods such as bank transfer, debit card, digital wallet (like PostePay) and payment service provider (such as PayPal).
What Is Borsa Italiana?
Borsa Italiana is the sole stock exchange in Italy. Founded in 1808 as the Milan Merchandise Exchange, it is home to many of Italy’s (and Europe’s) largest and most prestigious listed companies.
Borsa Italiana is part of the pan-European network of exchanges under the Euronext umbrella. But while other member exchanges (like Euronext Paris and Euronext Amsterdam) are owned and operated by Euronext, Borsa Italiana still operates under its own brand and with a high degree of local operational autonomy.
Some of Borsa Italiana’s largest companies by market capitalization include:
- Banking services provider Unicredit.
- Intesa Sanpaolo, Italy’s largest retail bank.
- Renewable energy and utilities giant Enel.
- Oil and gas producer ENI.
- Insurance provider Generali.
- Luxury sports car manufacturer Ferrari.
- Prysmian Group, which makes electrical cables for energy and telecoms firms.
- National postal service Poste Italiane.
- Aerospace and defense contractor Leonardo.
- Technoprobe, which makes testing equipment for semiconductors.
Financial services is the most represented sector on Borsa Italiana. Nevertheless, this selection shows the diverse range of market-leading companies investors have available to them. The exchange’s benchmark share index is the FTSE MIB (Milano Indice di Borsa), which tracks the performance of the 40 most traded stocks on Italy’s stock market.
The FTSE MIB Index. Source: Borsa Italiana
How Can I Trade On Borsa Italiana?
Borsa Italiana is home to roughly 400 listed companies. The majority of these are homegrown Italian firms, though a healthy number of listings are also from overseas businesses.
Listings range from the blue-chip businesses of the FTSE MIB on Euronext Milan, to the fast-growing firms on Euronext Growth Milan, and the more established mid-sized firms quoted on Euronext STAR Milan.
Along with stocks, investors can trade the following securities on Borsa Italiana:
- Corporate and government bonds.
- Investment certificates.
- Mutual funds and investment funds.
- ETFs.
- Derivatives such as futures contracts on Italian shares and indices.
Bottom Line
Many brokerages offer access to Borsa Italiana, though coverage can differ substantially among service providers. Along with reviewing a broker’s asset ranges, also think about the functionality of their trading platform and the fees and charges you can expect.
There will be other factors you’ll want to evaluate based on your investing strategy. However, the most important information to check is the brokerage’s regulatory status. It’s essential to use a broker that’s authorized by CONSOB, Italy’s national regulator, or by another top-level regulator elsewhere.