1 Best European Alpaca Alternatives in 2026
Sovereignty-first software picks, all built in Europe — hand-picked to replace Alpaca.
By the EU Alternatives team Last updated
Our top pick this year is Upvest
Alpaca alternatives are mainly Payments & Finance. Browse any of those categories for a wider shortlist beyond this list.
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BaFin-regulated embedded brokerage APIs for stocks, ETFs and funds with fractional-share settlement, tax reporting and custody under German investor-protection rules.
Upvest is a Berlin-based investment infrastructure provider offering embedded brokerage, custody and settlement APIs that let fintechs, banks and neobanks launch stock, ETF and fund investing products without building a broker-dealer from scratch. Founded in 2017 and licensed by BaFin, it operates as a regulated German investment firm covering the entire EU.
The platform pairs a single Investment API with direct connections to European and US exchanges, real-time fractional-share settlement, tax reporting, corporate-actions handling and compliance workflows. Partners integrate trading, custody and reporting in weeks rather than the years required to build or acquire a brokerage licence.
Key benefits:
- Embedded brokerage API for stocks, ETFs and funds across EU and US markets
- Fractional-share trading with real-time cash and instrument settlement
- Custody and safekeeping under German BaFin oversight and EU investor protection
- Tax reporting and statements generated automatically for end customers
- Corporate-actions and dividend handling abstracted from partner code
- KYC, AML and suitability workflows available through the same API
- Direct exchange connectivity keeping execution costs low and transparent
Upvest is headquartered in Berlin, Germany, licensed by BaFin as an investment firm under MiFID II and covered by the German investor compensation scheme EdW. All customer assets and data are held in German infrastructure under GDPR and the BDSG, with ISO 27001-aligned operations and SCCs for any non-EU partner.
Trusted by N26, bunq, Revolut and other European fintechs, Upvest is the reference choice for product teams that want to embed investing inside their app with a fully regulated, BaFin-supervised European partner.
