Living in Europe as an African offers a great opportunity not just to earn more — but to grow your money through smart investments. Whether you’re a student, worker, or entrepreneur in the diaspora, the right investment platform can help you build wealth, send money back home with ease, or even retire early.
But with so many platforms available, it can be hard to know where to start. In this guide, we break down some of the best investment platforms in Europe that are ideal for Africans living abroad — whether you’re in the UK, Germany, France, the Netherlands, or elsewhere.
1. eToro – Best for Beginners and Social Investors
Countries available: Most of Europe (UK, Germany, France, Netherlands, etc.)
Best for: Stock trading, ETFs, crypto, and copy trading
eToro is one of the most beginner-friendly platforms. It allows users to invest in U.S. and European stocks, ETFs, cryptocurrencies, and even copy the trades of experienced investors using its “CopyTrader” feature.
Pros:
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No commission on stocks and ETFs
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User-friendly mobile app
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CopyTrading lets you learn from others
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Accepts PayPal and bank transfers
Cons:
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Limited advanced tools for experienced traders
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Some withdrawal fees
Why it’s great for Africans abroad:
You can start with as little as $50, and the social investing feature is great if you’re new and want to learn by watching others.
2. Trade Republic – Low-Cost, Mobile-Friendly Investing
Countries available: Germany, Austria, France, Spain, Netherlands, Italy, etc.
Best for: Long-term investors, index funds, and ETFs
Trade Republic offers commission-free investing in stocks, ETFs, and even savings plans. It’s one of the most affordable ways to start investing regularly.
Pros:
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€1 fixed fee per trade
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Set up monthly ETF savings plans
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Regulated and insured in Germany
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Easy to use on mobile
Cons:
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No cryptocurrency or real-time trading options
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Limited customer service
Why it’s great for Africans abroad:
If you’re working a regular job and want to invest automatically every month, this is a simple and effective choice.
3. DEGIRO – Low-Cost Stock Broker for Active Traders
Countries available: Almost all of Europe
Best for: Stock market investing across global exchanges
DEGIRO is known for being one of the cheapest stock trading platforms in Europe. It offers access to international stock markets, including the U.S., and is great for long-term investors who want more control.
Pros:
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Low trading fees
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Wide selection of global markets
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Strong reputation and safety regulations
Cons:
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No crypto trading
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User interface not as beginner-friendly
Why it’s great for Africans abroad:
If you want to invest in U.S. stocks and diversify globally, DEGIRO is affordable and trusted.
4. Revolut – Banking and Investing in One App
Countries available: UK and most of the EU
Best for: New investors who want a simple way to trade stocks and crypto
Revolut started as a digital bank, but now offers stock, ETF, and crypto investing directly from its app. It’s not a full brokerage but good for occasional investors.
Pros:
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Simple, clean mobile app
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Trade U.S. stocks commission-free (limited per month)
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Crypto and commodities available
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Fast currency exchange
Cons:
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Limited number of free trades
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No retirement or tax-advantaged accounts
Why it’s great for Africans abroad:
If you already use Revolut for banking or remittances, adding investments is easy and seamless.
5. NAGA – Best for Copy Trading and Crypto
Countries available: Most of Europe
Best for: Trading forex, stocks, and cryptocurrencies
NAGA allows you to invest in everything from stocks to crypto, forex, and CFDs. It also offers copy trading, which is great for beginners.
Pros:
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Copy professional investors
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Trade across markets (stocks, crypto, forex)
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Strong community of African users
Cons:
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Higher risk products like CFDs
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Not ideal for long-term passive investing
Why it’s great for Africans abroad:
If you’re interested in active trading or learning by following others, NAGA offers a social experience with many African users in its network.
Bonus Tip: Investing Back Home with Diaspora Platforms
While investing in Europe is important, many Africans abroad also want to grow their wealth back home. Platforms like:
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Bamboo (invest in U.S. stocks from Africa)
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Chaka (Nigeria)
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Absa Asset Management (South Africa and beyond)
…allow you to invest in African markets or support businesses on the continent.
Some also use crowdfunding platforms for African agriculture or real estate (like Farmcrowdy or Requity).
Africans abroad have powerful opportunities to build wealth using the platforms and systems available in Europe. Whether you’re saving for retirement, supporting your family, or building long-term freedom, investing smartly is key.
Pick the right platform for your goals:
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Want simple? Go with eToro or Revolut.
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Want low fees and automation? Choose Trade Republic.
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Want full control? Try DEGIRO.
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Want to copy others? Look into NAGA.
Whatever you choose, start small, stay consistent, and remember — your financial freedom starts today.
Source: Thepressradio.com
