Aug 19 • Real Estate & Investment
Recommended Brokers Available in Portugal (2025)
Absolutely! Here's a refined overview of the best online brokers available in Portugal where you can buy REITs—or the Portuguese equivalent, SIGIs (Sociedades de Investimento e Gestão Imobiliária):
Recommended Brokers Available in Portugal (2025)
According to recent rankings from BrokerChooser and Invezz, these are the top brokerages available to Portuguese investors:
Interactive Brokers – Ranked #1 with extremely low fees, broad global market access, and advanced research tools .
MEXEM – Noted for low stock/ETF fees, multilingual support, and a wide selection of instruments .
Trading 212 – Commission-free trading for stocks and ETFs, very easy account setup, strong mobile platform .
XTB – Offers a broad range of CFDs, forex, commodities; free and fast account opening .
Saxo – Excellent platform and research capabilities, with a broad product portfolio .
DEGIRO – Known for low fees, intuitive interface, access to many global markets; especially suitable for long-term investors .
Lightyear, CapTrader, Alpaca, Tradier – Also available, each with their own strengths in fees, APIs, or niche features .
Investing in SIGIs (Portuguese REITs)
Portugal's equivalent to REITs—SIGIs—are publicly traded, investment-focused real estate companies. Key examples include:
Olimpo Real Estate Portugal (MLORE) — a SIGI listed on Euronext Lisbon (Euronext Access) .
Merlin Properties (MRL) — a Spanish REIT listed on Euronext Lisbon, often discussed by Portuguese investors .
What is a SIGI?
A SIGI is legally required to hold a high proportion of real estate assets and distribute a majority of taxable income as dividends (usually 75–90%) .
These entities must be traded on regulated markets (like Euronext Lisbon); they have specific rules about leverage, free float, and reinvestment of proceeds .
Which Broker Should You Choose?
Here's a quick breakdown to help align your choice with your needs:
Your Priorities Recommended Broker Why it Fits
Lowest possible fees & professional tools Interactive Brokers Deep global access, top research tools, very competitive rates
Great local support & multilingual interface MEXEM Strong local presence with a wide product range
Zero-commission, simplest setup Trading 212 Beginner-friendly, fast onboarding, mobile-first
Balanced fees, ease, long-term investing DEGIRO Intuitive for long-term portfolios, broad global access
Next Steps
1. Select a broker that aligns with your strategy and preferences.
2. Open and fund your account once verified.
3. Search for SIGI tickers like MLORE or MRL.
4. Monitor their performance and dividends, plus compare them to REIT ETFs if you're considering diversification.
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Recommended Brokers Available in Portugal (2025)
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