The Plan d’Épargne en Actions (PEA), a true instrument designed to encourage the French to position themselves in the stock market, on the strength of its success, has seen over the years new variants appear. After the PEA-PME launched in 2014 aimed at supporting the financing of SMEs and mid-sized enterprises, the government, with the Pacte law, unveils a new version of the PEA: the PEA Jeune, intended for 18-25-year-olds attached to the tax household of their parents, and with which the State hopes to raise awareness among young adults about investing in stocks.
What are the characteristics of the PEA Jeune? How to subscribe to a PEA Jeune? How to invest in a PEA Jeune? What advantages and limitations for the latest PEA? Our explanations and advice to make the most of the PEA Jeune as well as our comparison of the best PEA Jeune 2026.
Qu’est-ce que le PEA Jeune ? 3 choses à absolument savoir
1. The PEA Jeune is identical to the classic PEA except for the ceiling
2. The PEA Jeune becomes a classic PEA at age 25
3. The PEA Jeune is an ideal way to begin in the Stock Market
Definition of the PEA Jeune :
The PEA Jeune is an investment envelope in the Stock Market reserved for 18–25-year-olds attached to their parents’ tax household. It allows investing in European stocks and ETFs with a tax regime identical to the classic PEA.
What is the best PEA Jeune 2026? Comparison of PEA Jeune by stock brokers
Discover the offers of the best PEA Jeunes 2026 in our comparison of the best PEA Jeunes of the various online brokers, as well as the current promotional offers with these brokers. Find our selection of the best PEA Jeunes to get started in the Stock Market with this tax-advantaged envelope.
| Top stock brokers | Current offers | View offers |
|---|---|---|
| Invest from as little as €1 on stocks, ETFs and scheduled investment plans. Risk of capital loss* | ||
| From €0.99 per stock order + transfer fees refunded and free training. Risk of capital loss* | ||
| Up to €500 brokerage fees offered + transfer fees refunded x2 (until 30/04/26). Risk of capital loss* | ||
 |
Transfer fees refunded 2x + from €0 per stock order with Boursomarkets. Investing carries a risk of loss* |
*See conditions on the site.
Best PEA Jeune Trade Republic
Trade Republic is a digital neo-broker that offers a PEA Jeune accessible to investors aged 18 to 25 attached to their parents’ tax household, with a simple interface and very competitive fees.
Why is Trade Republic in our PEA Jeunes comparison?
It appears in our selection because it offers a PEA Jeune version with a very attractive pricing and a platform designed for young beginners in stocks.
Who is the Trade Republic PEA Jeune offer for?
This offer is particularly aimed at young investors who want to start in the stock market autonomously, with simple orders and effective scheduled investments.
The Benefit of Trade Republic’s PEA Jeune according to Café de la Bourse:
The major advantage remains its ultra-competitive fees of €1 regardless of the title or order amount, and the free orders tied to a programmed investment plan, which facilitates implementing a DCA strategy.
Best PEA Jeune Bourse Direct
Bourse Direct is an online broker specialized in stock markets offering a complete PEA, PEA PME and PEA Jeune to allow young people to invest with competitive fees.
Why is Bourse Direct in our PEA Jeunes comparison?
It is included in our selection as one of the few traditional brokers to offer a PEA Jeune with educational support and learning tools.
Who is the PEA Jeune offer of Bourse Direct aimed at?
This offer is aimed at young beginners who want to start investing in European stocks with solid educational support. Notably, weekly webinars led by experts are available.
The benefit of Bourse Direct’s PEA Jeune according to Café de la Bourse:
Its main asset is the support for first-time investors, with educational content and webinars to help master the stock market. Also noteworthy: the PEA can be opened with just 1 euro, allowing you to secure a date even when you don’t yet have funds to invest.
Current PEA Jeune offer from Bourse Direct:
On its 30th anniversary, Bourse Direct offers up to €300 in brokerage fees for any PEA opening before 20 April 2026, with the code 30ANS, an interesting opportunity to start or transfer your PEA at a lower cost*.
Best PEA Jeune EasyBourse
The PEA Jeune EasyBourse, a subsidiary of La Banque Postale, allows access to the EasyStart offer, reserved for youths aged 18 to 30. EasyBourse offers a PEA Jeune with simple access to European stocks and ETFs, particularly suitable for those who want to invest without complexity.
Why EasyBourse is in our PEA Jeunes comparison?
It appears in our comparison because it offers a PEA Jeune among the online offers available in 2026, with an intuitive platform.
Who is the PEA Jeune offer from EasyBourse aimed at?
This solution is aimed at youths seeking online access to the stock market with reasonable fees and a user-friendly interface.
The plus of EasyBourse’s PEA Jeune according to Café de la Bourse:
Its main advantage is ease of use and its approachable approach, ideal for gradually learning the stock market. EasyStart allows a rate of €2 per order up to €500, then 0.45% of the order amount. Note also that with EasyStart, you get access to decision-support tools, charts and educational content.
Current PEA Jeune offer from EasyBourse:
EasyBourse offers discounts on orders for new clients, which can make access to the stock market more attractive for young people. You can open your PEA Jeune with €50 and enjoy an order free per month during the first year.
Best PEA Jeune BoursoBank
BoursoBank is an online bank that enables the opening of securities accounts, PEA, PEA PME and PEA Jeune, with full integration of banking and stock market services.
Why BoursoBank is in our PEA Jeunes comparison?
It features a PEA Jeune offer accessible and linked to a bank account, which can be convenient for young clients already using the bank.
Who is the BoursoBank PEA Jeune offer for?
The offer is suited to youths who want to centralize their banking and stock services with a single interface. It is also suitable for young people who want to delegate their stock investments. Bourso Bank is indeed one of the few players to offer managed PEA for Jeune.
The plus of BoursoBank’s PEA Jeune according to Café de la Bourse:
One of the key advantages is the ease of use integrated into a full online bank, easing the management of the PEA and other savings products.
The current PEA Jeune offer from BoursoBank:
BoursoBank sometimes offers welcome bonuses, such as bonuses on opening a bank account with a PEA Jeune. At the moment, BoursoBank offers up to €130 offered for any account opening (see site conditions)*.
Best PEA jeune Yomoni
Yomoni is a French asset management company specialized in online managed accounts for various tax envelopes such as life insurance, PEA, securities account and PER, with an approach focused on diversified portfolios based on ETFs.
Why Yomoni is in our PEA Jeunes comparison?
Yomoni appears in our comparison because it offers a PEA Jeune in managed turnkey service, with highly attractive yields, allowing 18-25-year-olds attached to the parents’ tax household to start in the stock market without having to select their own titles.
Who is the Yomoni PEA Jeune offer for?
This offer is for young investors who want a simple and guided approach, with allocation managed by experts rather than free management.
The plus of the PEA Jeune Yomoni according to Café de la Bourse:
The essential asset lies in Yomoni’s expertise in integrated managed management, which combines ETF diversification and automatically adjusted allocation, well suited for beginners who do not want to actively manage their portfolio while staying exposed to the stock market. Yomoni offers its PEA Jeune with no entry fee and with all-inclusive management fees capped at around 1.6% per year, including management and support, with no arbitrage or contribution fees.
Synthèse rapide des meilleurs PEA Jeunes 2026
- Best to start: Yomoni (managed)
- Best for fees: Trade Republic
- Best for guidance: Bourse Direct
- Best integrated bank: BoursoBank
- Best balance: EasyBourse
Tableau comparatif clair et structuré des PEA Jeune disponibles actuellement
| Broker / Criteria | Trade Republic | Bourse Direct | Easy Bourse | BoursoBank | Yomoni |
| Type of management
|
Self-directed | Self-directed | Self-directed | Self-directed or managed | Managed |
| Brokerage fees (per order) | 1 € fixed regardless of amount*
|
~0,99 € fixed | ~2 € up to €500 then ~0,45 %* | ~1,99 € ≤ €500 then ~0,60 %* | Included (no direct brokerage as managed)
|
| Annual management fees | 0 € | 0 € | 0 € | 0 € | 1,6 % |
| Scheduled investment | Yes and free | No | No | No | Yes (automatic) |
| Inactivity fees | No | No | €3.5/month (if 0 orders/month) |
€0 with the discovery offer | No |
| Minimum order | €1 | €80 | €50 | €100 | Not applicable |
| Initial minimum deposit | €1 | €1 | €50 | €10 | €5,000 |
| Strengths | Smooth mobile app, low fees | Good educational support | Simple interface | Full banking integration
|
Automatic and diversified allocation with a very strong performance history |
*See conditions on the site
The PEA Jeunes from traditional banks
Network banks such as Crédit Agricole, BNP Paribas or Société Générale market many PEA Jeunes, but their pricing tends to be less competitive. Brokerage commissions are most often in the 0.4% to 0.8% per transaction range, which can weigh on performance, especially for beginners with small capital.
PEA jeunes : how the Plan d’épargne en actions works for the young?
What is the history of the PEA Jeunes?
The PEA Jeune was created with the Pacte law in May 2019. It allows 18-25-year-olds attached to their parents’ tax household to open a PEA, which was previously impossible since the number of classic PEAs within a single tax household was limited to 2. A young person wishing to open a PEA could not do so or had to leave the tax household, which is not necessarily tax-advantageous for the parents who saw their family quotient decrease.
Who is the PEA Jeunes addressed to?
Now, the PEA Jeune allows a natural person, resident in France, aged 18 to 25 and attached to their parents’ tax household, to open a PEA equivalent to the classic PEA.
What are the characteristics of the PEA Jeunes?
Like the traditional PEA, it is an individual PEA and therefore cannot be opened as a joint account.
Like the classic PEA, there is no mandatory minimum deposit for a PEA jeune, whether for the initial investment or for periodic deposits.
What is the ceiling of the PEA Jeunes?
The ceiling of the PEA jeune is set at €20,000 without the sums held on the PEA jeune reducing the parents’ PEA ceiling. The parents’ PEAs and the child’s PEA are completely independent. Note that, as with the classic PEA, this is a contribution ceiling. The holdings themselves are not limited, and if the PEA jeune registers strong capital gains, the PEA Jeune may exceed the €20,000 threshold.
How to invest in a PEA Jeunes?
Finally, recall that the PEA jeune is not a standalone investment but an advantageous legal and tax framework. It consists of a cash account and a securities account. The cash account is a pocket where the holder deposits money to make purchases. It is also on this cash account that the Jeune holder will receive any dividends. The securities account corresponds to the stock portfolio.
How to subscribe to a PEA Jeunes account?
How to choose your PEA Jeunes broker?
Pea Jeune is relatively new, so it is advisable to check that your bank or your stockbroker (brokerage) you normally use offers it. It is part of the offering of network banks but also of some online banks and some online brokers, including neo-brokers that aim to develop their PEA offering to attract French investors. Neo-banks, which have a very limited range of banking products, do not market a PEA Jeune.
Note: online brokers and online banks, like the classic PEA, offer much more attractive rates than traditional players.
Whatever the envelope, be sure to choose one of the best PEA Jeune or one of the best securities accounts to access a wide range of assets, with reasonable fees, and tools and services suited to your investor profile.
How to start with your PEA Jeunes? Buying stocks in practice
Once you have chosen your stock broker, you can open your PEA Jeune plan and proceed with a first deposit that will appear in your cash account. Then, you will simply place your first stock purchases by making a good stock-picking decision.
Note: you will of course be able to acquire stocks (ideally the best PEA Jeune stocks of the moment), but also other PEA-eligible titles such as investment funds managed by a finance professional that allow building a diversified portfolio without worrying about stock selection, as well as ETFs, these index funds that replicate the evolution of a stock index. Find our selection of the best ETF PEA to invest in on these trackers from your PEA Jeune envelope.
You will then place your first stock orders. It is not always obvious what order to place and how, especially when you are young and have never done it before.
How to secure capital gains on a PEA Jeunes plan?
A young investor must learn to take profit from winning positions at the right moment. Indeed, it is essential not to exit too early nor too late. To secure capital gains, it is essential to sell your titles at the right moment. A young investor must learn to take profits. An premature sale misses a nice capital gain, while a late exit reduces gains.
When you have sold your position, if there is a capital gain, it will be deposited into your cash account. You can then reinvest immediately or later the funds gained on another title, or withdraw them to spend or, in order to secure capital, place them in a capital-guaranteed investment.
However, given the tax regime of the PEA Jeune, identical to that of the classic PEA, you will not benefit from withdrawing funds from your PEA before 5 years of holding. It is better to keep your money in the cash account while waiting for the 5-year holding threshold.
You can then recover your money without paying tax on the capital gains.
You will only owe social security contributions (which have stood at 18.6% since January 1, 2026). It is even recommended that once the 5-year holding period has passed, if you do not plan other investments, to move the capital gains from your cash account into higher-yielding risk-free investments. Remember that the cash account yields nothing. It is therefore advisable not to let your capital gains sleep there.
Should you delegate or not the management of your PEA Jeune?
Like the classic PEA, the PEA Jeune can be managed in different ways depending on how much time you want to devote to your investments, your knowledge of finance, accounting, economics, and of course your willingness to invest.
Self-managed: invest on your own
It is up to you to decide which titles to buy and when to sell them. You would then be doing your own arbitrage.
Managed under mandate: entrust completely to experts
With managed under mandate, you entrust the management of your PEA to an asset management company that you authorize (hence its name). It will first have you fill out a questionnaire to define your risk profile, your knowledge and skills, and your investment horizon. Based on your answers and market evolution, it will carry out all arbitrage decisions.
Very widely used in life insurance and on the PER (this is indeed its default management mode), managed under mandate is still rarely offered for PEAs, but this type of management is becoming more common and some online brokers now offer it for PEA plans. Note that this has a cost and it is sometimes accessible only for substantial amounts.
What are the fees of the PEA Jeune?
Fees related to a PEA depend above all on the stock broker, hence the interest in choosing the best online broker. Thus, traditional players often charge account maintenance fees, also called custody fees, which are usually non-existent among online banks and online brokers.
The cost of placing an order varies considerably depending on the broker. They are also more expensive with traditional players.
The assets themselves can incur costs. Holding a directly held stock costs nothing except potential custody fees mentioned above. However, holding actively managed funds but also passively managed funds, such as SICAVs or ETFs, incur additional management fees.
How to close your PEA Jeune?
Experience not enjoyed and you do not wish to continue investing in stocks? Do not close your PEA too quickly. Wait for the 5-year holding period of the PEA Jeune to benefit from an exemption on capital gains tax and only pay social contributions on the gains earned.
If you enjoyed the experience and your PEA Jeune is coming to an end because you are about to turn 26, do not close it. Closing your PEA Jeune is a bad idea. The PEA Jeune automatically transforms into a classic PEA on your birthday! The €20,000 ceiling disappears to become a ceiling of €150,000, all without undoing the tax precedence of your PEA!
Want to switch brokers to benefit from lower fees? Again, do not close your account! Transfer your PEA Jeune to keep your tax precedence. Note that transfer fees may be charged but most online brokers reimburse closing fees if you transfer your PEA to them.
Should you open a PEA Jeunes to invest in the Stock Market? Café de la Bourse’s view
Discover 3 good reasons to invest in the stock market with a PEA Jeunes.
An accessible investment for all youths from 18 years old to start in the Stock Market
The PEA jeunes is accessible to youths from 18 to 25 attached to their parents’ tax household. But, until now, it was completely impossible since the PEA was previously reserved for only taxpayers.
Youth still attached to their parents’ tax household can now invest in the Stock Market via this easy-to-access envelope that can be opened at any bank or with any broker, including online players who particularly appeal to young people, provided, however, that the intermediary offers it.
A wrapper to get acquainted with financial markets quickly
The PEA jeune is ideal for starting in financial markets and gradually learning about the Stock Market. Although eligible companies are limited to those with headquarters in the EU, and short selling or complex strategies cannot operate within a PEA, it is a tool that allows positioning on CAC 40 stocks and other major European indices like DAX 40 or IBEX 35, and also to build a relatively diversified stock portfolio (funds and trackers allow investing in non-EU geographic areas) that can be held for a long time by implementing a Buy & Hold strategy.
The PEA jeune should thus become a pedagogical tool to introduce youths to stock markets! It is also particularly interesting to start investing in the Stock Market at a young age to benefit from the long-term yields of stocks.
A vehicle that lets you enjoy the tax advantages of the PEA as soon as possible
The PEA jeune is an investment that allows youths to take their first steps in the stock markets with favorable tax treatment from 5 years of holding the plan. The tax carrot alone justifies opening a PEA Jeune.
Since the Pacte law of 2019, the tax benefits tied to the duration of holding the classic PEA, which serves as the model for the PEA jeune’s taxation, are as follows:
Before 5 years of holding: automatic closure of the PEA and a flat tax (PFU) of 31.4% on gains.
After 5 years of holding: no automatic closure of the PEA and exemption from capital gains tax, only social contributions (18.6%) remain due. The youth may make new contributions to their cash account and proceed with new investments as long as the €20,000 deposit ceiling has not been exceeded.
The date used to compute the holding period of the PEA jeune is the date of the first deposit into the cash account, and not the date of the first stock order or the first line entered on the securities account. A youth would therefore benefit from opening a PEA Jeune at 18 to lock in the date and enjoy the most attractive PEA tax regime as early as possible.
Note that only sums withdrawn from the PEA Jeune are taxed. If you sell titles and the money remains in your cash account, no tax applies.
Also note that the PEA Jeune is reserved for individuals aged 18 to 25 who are attached to their parents’ tax household in France, but once the age limit is reached, it transforms into a classic PEA while preserving tax precedence. Thus, a person who opened a PEA Jeune at 23 will benefit from all the PEA tax advantages from age 28.
What are the limits and constraints of the PEA jeunes? Our view
A strong restriction on eligible securities
The major drawback of the PEA Jeune, like the classic PEA, is the restriction on eligible securities. As noted above, only companies headquartered in the EU are eligible. But the youth investor can invest not only in stocks but also in UCITS and ETFs. However, some funds allow circumventing this restriction and thus indirectly position themselves on the Japanese or American market, for example. But this remains fairly limited!
The PEA Jeune, like the classic PEA, also does not allow short selling with the Service de Règlement Différé (SRD) or the purchase of derivatives. However, these services and products are potentially risky and reserved for the most experienced investors, so it’s hard to say the PEA Jeune suffers from these restrictions in a meaningful way.
You can also open a securities account with a neobroker to invest in live titles outside the EU and benefit from products not eligible for the PEA such as fractional shares, or benefit from services like investment plans—many innovative solutions for small budgets to invest in the Stock Market.
A PEA Jeune plan reserved only for adults
What one might criticise about the PEA Jeune is the age at which it is accessible. It is an age at which youths already have the right to open a classic PEA if they are no longer attached to their parents’ tax household. Perhaps, in a spirit of financial education and market learning, it would have been wiser to open this kind of investment to an even younger audience, such as at 16 years old.
PEA Jeune: what to remember in 30 seconds
Age
Restricted to 18–25-year-olds attached to their parents’ tax household
Ceiling
Deposits capped at €20,000
Taxation
The same regime as the classic PEA:
- exemption from tax on gains after 5 years
- social contributions due on the gains
Operation
Allows investing in European stocks via a dedicated securities account, with free self-directed management (ETFs, stocks). The PEA Jeune automatically transforms into a classic PEA when the holder leaves the tax household or reaches the age limit.
Also to read about the PEA
The 7 little-known advantages of the PEA
PEA or Livret A: which to choose?
PEA or life insurance: which investment to pick?
What to choose between a securities account or a PEA?
Investing in a PEA, how much does it yield?
PEA, Securities Account: which to choose between managed, advised and free management?
FAQ PEA jeunes
The PEA Jeune is addressed to 18-25 year olds attached to their parents’ tax household who would like to invest in the Stock Market via this new instrument.
The main advantage of the PEA jeunes is its attractive taxation.
Like the classic PEA, it allows exemption from capital gains tax after 5 years of holding. Social contributions (18.6%) remain due on gains. A advantageous way to start on financial markets!
The PEA Jeune opens with a bank or online broker via a PEA opening form.
You can open a PEA Jeune with a bank or broker like Bourse Direct, BoursoBank, etc. and make your first deposit into the cash account to establish a date, without immediately placing stock orders.
Like the classic PEA, there is no minimum deposit and no mandatory regular deposits.
The investment ceiling of the PEA jeune is €20,000.
These sums can be kept without reducing the parents’ PEA ceiling, which remains unchanged. Note: holdings are not limited and, in case of strong capital gains, the PEA Jeune may exceed €20,000.
The Livret Jeune and the PEA Jeune do not have the same objective, nor the same risk level.
- The Livret Jeune is a regulated banking savings product, with no risk of capital loss. It allows short-term money placement with an interest rate set by the bank, at least equal to the Livret A rate. It has a ceiling of €1,600.
- The PEA Jeune is a tax-advantaged securities account meant to invest in stocks (European stocks and ETFs in particular). It carries a risk of capital loss, but aims for higher long-term returns. It has a ceiling of €20,000.
The PEA Jeune automatically transforms into a classic PEA when its holder reaches 25 years old.
Specifically:
- The account does not close
- Tax precedence is preserved (important for tax advantages)
- The conditions of the classic PEA then apply (ceiling of €150,000)
Opening a PEA Jeune depends on the investor’s status and the establishment chosen.
General conditions:
- Be between 18 and 25 years old
- Be attached fiscally to the parental household
Opening steps:
- Choose an establishment (bank or online broker)
- Fill out a PEA opening form
- Provide identity and tax attachment documents
- Make a first deposit according to the broker’s conditions
Yes.
The fact that the parents already own a PEA has no impact on the right to open a PEA Jeune.
Each person fiscally attached can open a PEA Jeune, independently of the accounts held by the parents.
Yes, the PEA Jeune is transferable to another financial establishment.
Conditions :
- The account must remain a PEA (same tax envelope)
- The transfer must be initiated by the new establishment
- Titles and cash are transferred without closing the plan
Note:
- Transfer fees may apply (varying by origin bank)
- The transfer can take several weeks
But transferring the PEA Jeune allows you to keep your tax precedence.
All our information is, by nature, generic. It does not take into account your personal situation and does not constitute personalized recommendations for the execution of transactions, nor can it be equated with investment advice or any encouragement to buy or sell financial instruments. The reader is solely responsible for using the provided information, and Cafedelabourse.com cannot be held liable. Cafedelabourse.com’s publisher cannot be held responsible for any error, omission or inappropriate investment.
