NovaVest
NovaVest stands out for its highly intuitive application, making it ideal for the younger generation and beginners looking to invest in European stocks and crypto all in one place. However, serious traders might find the analytical tools somewhat limited, and the lack of a DRIP system is a notable drawback.
Markets Accessible
Key Features
Score Breakdown
Six dimensions assessed across a 15-year investment horizon.
Protection & Custody
Investor Protection
FSCS
£85,000 (FSCS)
Eligible claims protected if the broker fails.
Regulators
FCA
Track Record
7+
Years in operation since 2019
Total Cost of Ownership
“Low headline fees, but FX adds up for non-EUR assets”
Commission
€0 on EU stocks & ETFs / 0.10% on US stocks
Spread
Tight on majors, wider on small-caps
Inactivity Fee
€0
Withdrawal Fee
€0 (SEPA) / €5 (international)
FX Conversion
0.50% per conversion
Est. Monthly Cost
~€2–€8/mo for a €10k portfolio
Order Flow & Execution
Does not receive Payment for Order Flow
PFOF is banned for EU retail brokers under MiFID from 2026. NovaVest routes orders to regulated venues seeking best execution.
Pros & Cons
Pros
- Extremely user-friendly application (Excellent UX).
- Seamless access to both stock and crypto markets in a single app.
- No PFOF, ensuring high transparency under European regulations.
Cons
- Relatively high foreign exchange (FX) conversion fees.
- Does not support automated Dividend Reinvestment Plans (DRIP).
NovaVest stands out for its highly intuitive application, making it ideal for the younger generation and beginners looking to invest in European stocks and crypto all in one place. However, serious traders might find the analytical tools somewhat limited, and the lack of a DRIP system is a notable drawback.