Best Online Brokers in Romania 2026
ASF-regulated and MiFID II-passported brokers for Romanian investors β ranked by fees, 10% capital gains tax, 8% dividend tax and platform quality.
β
ASF / MiFID II EU
π·π΄ 10% Capital Gains Tax
πΆ 8% Dividend WHT
π Bucharest Stock Exchange / BET
π¬ Tested with real accounts
π Last updated: September 2026 Β· Reviewed by WhichBroker Research Team
β οΈ Risk warning: Investing involves risk of loss. Capital is not guaranteed. Some links on this page are affiliate links β this does not affect our rankings.
What to check before choosing a broker in Romania
Romania is a fast-growing EU member market with one of the lowest capital gains tax rates in the EU β a flat 10% on investment income. The Bucharest Stock Exchange (BVB) has seen strong performance driven by energy, banking, and utility blue chips. Romania uses the Romanian leu (RON) and has not yet joined the Eurozone.
1. Regulation: ASF and MiFID II. Autoritatea de Supraveghere FinanciarΔ (ASF) is Romania's financial regulator for capital markets. Romania is a full EU member β MiFID II passporting applies in full. Verify at asfromania.ro.
2. CGT: 10% flat β one of the lowest in the EU. Romania's impozit pe venit (personal income tax) on capital gains is a flat 10% β among the lowest CGT rates in the EU. This applies to gains from shares, ETFs, and other securities. Romanian brokers (Tradeville, BT Capital Partners) automatically withhold this tax. For foreign brokers, you must declare gains in your annual declaratie unica (unified declaration).
3. Dividend tax: 8% WHT. Romanian company dividends are subject to 8% withholding tax (impozit pe dividende) withheld at source. Foreign dividends are subject to the standard 10% income tax, with foreign WHT credits available under applicable double tax treaties (convenΘii de evitare a dublei impuneri). Declare foreign dividends in your declaratie unica by 25 May each year.
4. Currency: Romanian leu (RON). Romania uses the RON β not yet in the Eurozone (target date repeatedly delayed). EUR-based EU brokers (DEGIRO, IBKR, Trade Republic) require RON β EUR conversion. Local brokers (Tradeville, BT Capital Partners) offer RON-native accounts. XTB has a Romanian ASF-registered entity.
5. Bucharest Stock Exchange (BVB) β energy and banking-driven. The BET (BET β Bucharest Exchange Trading) index includes OMV Petrom (SNP), Banca Transilvania (TLV), BRD-GSG (BRD), Romgaz (SNG), Transelectrica (TEL), and Hidroelectrica (H2O). Access requires a broker with BVB connectivity β local Romanian brokers cover this best.
Top 4 Best Online Brokers in Romania β Detailed Reviews
TV
Tradeville
β
β
β
β
β
Top pick
Commission
0.08% BVB stocks
Stocks
β BVB + international
CFDs / Forex
β Available
Tax withholding
β Auto 10%
XTB
XTB
β
β
β
β
Β½
Best for global stocks
Commission
β¬0 up to β¬100k/month
Stocks
β 3,000+ global stocks
CFDs / Forex
β Full CFD/FX
Interest on cash
β Up to 4%
Regulation
KNF / ASF (RO entity)
DG
DEGIRO
β
β
β
β
β
Best low-cost EU
Commission
β¬1 + β¬1 handling
Currency
EUR-based (RON FX)
Investor protection
β¬20,000 (AFM)
IB
Interactive Brokers
β
β
β
β
Β½
Best global access
Commission
From $0.005/share
CFDs / Forex
β Forex + futures
Investor protection
SIPC $500k
β οΈ Investing involves risk of loss. CFD trading carries high risk β 51β80% of retail CFD accounts lose money. Capital is not guaranteed.
How to Get Started with a Broker in Romania
1
Romanian brokers auto-withhold your 10% CGT
Romanian ASF-regulated brokers (Tradeville, BT Capital Partners) automatically deduct the 10% capital gains tax and file reports with ANAF (AgenΘia NaΘionalΔ de Administrare FiscalΔ). This means no manual CGT declaration for domestic broker accounts. For EU brokers (DEGIRO, IBKR), you must declare all gains manually in your annual declaratie unica.
2
Open account with Romanian CNP or EU documents
Romanian brokers require your CNP (Cod Numeric Personal β Romanian personal identification number) and Romanian bank account. XTB's Romanian entity accepts standard EU KYC. DEGIRO and Interactive Brokers accept EU passport + proof of address. Tradeville and local brokers offer Romanian-language platforms with ANAF-compliant reporting.
3
Fund in RON or EUR depending on broker
Tradeville and BT Capital Partners accept RON bank transfers directly. XTB's Romanian entity accepts RON. DEGIRO and IBKR are EUR-based β convert RON β EUR at your Romanian bank (BT, BCR, Raiffeisen Romania, ING Romania) before funding. Keep FX costs in mind for regular deposits.
4
File declaratie unica by 25 May for foreign broker income
Romanian tax residents must file the annual declaratie unica (unified declaration, Form 212) by 25 May each year for all capital income from foreign brokers. Include realized gains, dividends, foreign WHT credits, and applicable tax treaty offsets. Keep annual broker statements (PDF reports from DEGIRO, Interactive Brokers) for ANAF records. Failure to declare foreign income carries penalties under Romanian fiscal code.
π·π΄ Romania: Country Environment Blueprint
EU / MiFID II
β
Full EU member. MiFID II passporting applies β EU/EEA-regulated brokers can serve Romanian residents. UK FCA-only brokers NOT valid post-Brexit. Romania is NOT in the Eurozone (uses RON).
Investor Protection
β¬20,000 per investor under the Romanian Investor Compensation Fund (Fondul de compensare a investitorilor). Bank deposits: up to β¬100,000 under the Bank Deposit Guarantee Fund (FGDB β Fondul de garantare a depozitelor bancare).
Capital Gains (Shares)
Flat 10% impozit pe venit on capital gains β one of the lowest CGT rates in the EU. No annual CGT exemption. Capital losses can generally be offset against gains in the same year. Romanian brokers withhold automatically; foreign broker gains must be self-declared via declaratie unica by 25 May.
Dividend Tax
Romanian company dividends: 8% impozit pe dividende withheld at source. Foreign dividends: 10% personal income tax applies; foreign WHT credited under applicable double tax treaty (conventie de evitare a dublei impuneri). Declare foreign dividends in declaratie unica.
No Investment Wrapper
Romania does not have a general tax-advantaged investment account (no equivalent of the UK ISA, Czech time test, or Hungary's TBSZ). All capital gains and dividends on ordinary accounts are taxed annually. Some pension products (Pillar III β fonduri de pensii private facultative) offer limited tax deductibility but are not general investment accounts.
US ETF Access (PRIIPs)
β οΈ Romania is an EU member β PRIIPs applies. US-domiciled ETFs restricted for retail investors. Use UCITS-compliant equivalents. XTB, DEGIRO, and Tradeville all offer UCITS ETF selections.
Domestic Exchange & Index
Bursa de Valori BucureΘti (BVB) β Bucharest Stock Exchange Β· Index: BET Index
Key stocks: OMV Petrom (SNP), Banca Transilvania (TLV), BRD-Groupe SociΓ©tΓ© GΓ©nΓ©rale (BRD), Romgaz (SNG), Hidroelectrica (H2O), Transelectrica (TEL)
π Local Platforms to Know
TV
Tradeville β Romania's leading independent online broker. ASF-regulated. RON-native. Full BVB access. Auto-withholds 10% CGT and handles ANAF reporting. Romanian-language platform. Low commissions for BVB stocks (0.08%). Very popular among Romanian retail investors.
BT
BT Capital Partners β Banca Transilvania's brokerage arm. ASF-regulated. RON-native. Full BVB access. Auto-withholds CGT. Integrated with BT banking. Popular with existing BT customers. Good for investors who want integrated banking and investing within Romania's largest domestic bank.
VIG
Vienna Insurance Group / BCR Broker β BCR Bank's investment platform. ASF-regulated. BVB access. Integrated with BCR banking. Popular with BCR bank customers. Higher fees but strong domestic bank trust and Romanian compliance.
RBR
Raiffeisen Capital & Investment β Raiffeisen Bank Romania's investment services. ASF-regulated. BVB access. RON-native. Popular with Raiffeisen Romania banking customers. Good cross-border capability via Raiffeisen Group's CEE network for Romanian investors with regional exposure.
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How we chose these platforms
Our team tested each platform with Romanian residents, evaluating ASF/MiFID II regulation, automatic CGT withholding and ANAF reporting, RON-native account support, Bucharest Stock Exchange access, and value for money. Rankings updated regularly.
Frequently Asked Questions
What is Romania's capital gains tax rate on investments? +
Romania applies a flat 10% capital gains tax (impozit pe venit) on securities gains β one of the lowest rates in the EU. Romanian ASF-regulated brokers (Tradeville, BT Capital Partners) automatically withhold the 10% tax and file ANAF reports. For foreign brokers (DEGIRO, Interactive Brokers, XTB's international entity), you must declare all capital gains manually in your annual declaratie unica (Form 212) by 25 May. There is no annual CGT exemption in Romania.
What is Romania's dividend tax rate? +
Romanian company dividends are subject to an 8% withholding tax (impozit pe dividende) deducted at source by the Romanian company. For foreign dividends, the standard 10% personal income tax rate applies. Foreign withholding taxes paid in countries with which Romania has a double tax treaty (conventie de evitare a dublei impuneri) can be credited against Romanian tax. Declare all foreign dividends in your annual declaratie unica.
Can EU brokers serve Romanian investors? +
Yes. Romania is a full EU member and MiFID II passporting applies. DEGIRO (AFM, Netherlands), XTB (KNF, Poland β with a specific ASF-registered Romanian entity), Interactive Brokers (CSSF, Luxembourg), and Trade Republic (BaFin, Germany) can all legally serve Romanian residents. However, these foreign brokers do not automatically withhold Romanian CGT or report to ANAF β you must declare foreign broker income manually via the declaratie unica by 25 May each year.
Is Romania in the Eurozone? +
No. Romania is an EU member but uses the Romanian leu (RON), not the euro. Romania has repeatedly delayed Eurozone accession due to fiscal criteria non-compliance. EUR-based EU brokers require RON β EUR conversion, adding FX costs. Romanian brokers (Tradeville, BT Capital Partners) offer RON-native accounts with no FX friction for BVB stock trading. Note that Romania has one of the higher EUR/RON exchange rate volatilities among EU non-euro members β EUR-denominated accounts may provide some currency diversification for Romanian investors with international portfolios.