The best alternatives to DEGIRO are
- TradeStation Global - UK-based global broker
- eToro - Global social trading broker
- Interactive Brokers - US discount broker
Let's see in a bit more detail how the DEGIRO alternatives compare to DEGIRO and each other:
| DEGIRO | TradeStation Global | eToro | Interactive Brokers | |
|---|---|---|---|---|
| Overall score | 4.5 | 4.6 | 4.6 | 4.9 |
| Fees score | 5.0 stars | 4.1 stars | 4.2 stars | 4.3 stars |
| Account opening score | 3.8 stars | 2.8 stars | 5.0 stars | 3.4 stars |
| Deposit and withdrawal score | 3.3 stars | 2.5 stars | 3.7 stars | 2.5 stars |
| Web platform score | 4.0 stars | 4.3 stars | 4.4 stars | 4.3 stars |
| Markets and products score | 3.6 stars | 5.0 stars | 3.8 stars | 5.0 stars |
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Why are these brokers considered good alternatives to DEGIRO? There are many areas based on which DEGIRO can be compared with others. When we say a given online broker is a good alternative to DEGIRO we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
DEGIRO alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- DEGIRO is recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions
- TradeStation Global is recommended for traders and investors looking for low fees and a wide selection of products
- eToro is recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading
- Interactive Brokers is recommended for traders looking for low fees and a professional trading environment
Important factors of finding DEGIRO alternatives
So far BrokerChooser has reviewed 63 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether DEGIRO or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. DEGIRO is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost DEGIRO alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At DEGIRO, the account opening is slower than average, so if you consider this important some DEGIRO alternatives can be a good choice.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at DEGIRO, some alternatives might allow you to do that.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given DEGIRO alternative is a must.
Now let's dive into the details of how DEGIRO and its alternatives perform in the most important areas!
DEGIRO alternatives
DEGIRO
Disclaimer: As of March 25, 2020, DEGIRO has introduced a temporary waiting list for new client registrations, until further notice. This is due to the surge of new registrations amid the ongoing heavy market volatility. Because of this situation, the account creation process may take much longer, although it is uncertain how long exactly. We will update the review as we find out more details. Be also aware that investing involves a risk of loss.
DEGIRO is a Dutch online discount broker. It is privately owned and was established in 2008 by former employees of another brokerage company.
DEGIRO is regulated by top-tier financial authorities, the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). It is registered with the Chamber of Commerce and Industry in Amsterdam.
Recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions
| Pros | Cons |
|---|---|
| • One of the lowest fees on the market | • Waiting list for new accounts |
| • Regulated by multiple top-tier regulators | • Limited research and education |
| • Easy to use web and mobile trading platform | • No forex trading |
Fees
DEGIRO has low trading and non-trading fees. In most asset classes, it is the best on the market. There are some ETFs that you can trade once a month for free, which is a great deal for buy-and-hold investors.
| Pros | Cons |
|---|---|
| • Low trading fees | • Higher trading fees for Asian and smaller European stock exchanges |
| • Low non-trading fees | |
| • Low stock and ETF fees |
| DEGIRO | TradeStation Global | eToro | Interactive Brokers | |
|---|---|---|---|---|
| US stock | $0.6 | $1.5 | $0.0 | $1.0 |
| UK stock | $2.4 | $2.4 | $0.0 | $7.2 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
At DEGIRO, no minimum deposit is required. On the other hand, as of March 25, 2020, DEGIRO has introduced a waiting list for new accounts. To test this, we have applied for multiple accounts, but sadly we are still on the waiting list and could not proceed.
| Pros | Cons |
|---|---|
| • Fully digital | • Slow |
| • No minimum deposit | • None of the test accounts have been onboarded yet |
| DEGIRO | TradeStation Global | eToro | Interactive Brokers | |
|---|---|---|---|---|
| Minimum deposit | $0 | $1,000 | $200 | $0 |
| Time to open account | >3 days | 1 day | 1 day | 1-3 days |
Learn more about DEGIRO minimum deposit here.
Deposit and withdrawal
DEGIRO deposits and withdrawals are free of charge via bank transfer. On the other hand, you cannot deposit with credit or debit card.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | |
| • Several account base currencies |
| DEGIRO | TradeStation Global | eToro | Interactive Brokers | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | Yes | No |
| Electronic wallets | No | No | Yes | No |
| Withdrawal fee | $0 | $0 | $5 | $0 |
Web trading platform
DEGIRO's web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, you cannot set price alerts.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | • No price alerts |
| • Two-step (safer) login |
| DEGIRO | TradeStation Global | eToro | Interactive Brokers | |
|---|---|---|---|---|
| Web platform score | 4.0 stars | 4.3 stars | 4.4 stars | 4.3 stars |
| Mobile platform score | 4.5 stars | 3.5 stars | 4.9 stars | 3.5 stars |
| Desktop platform score | - | 3.0 stars | - | 3.0 stars |
Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.
Markets and products
At DEGIRO you can access many markets and trade with a lot of different products. CFD and forex are not available.
| DEGIRO | TradeStation Global | eToro | Interactive Brokers | |
|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes | Yes |
| Forex | No | Yes | Yes | Yes |
| Fund | Yes | Yes | No | Yes |
| Bond | Yes | Yes | No | Yes |
| Options | Yes | Yes | No | Yes |
| Futures | Yes | Yes | No | Yes |
| CFD | No | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes |
Verdict
DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.
It is far cheaper than its big European competitors and only TradeStation Global comes close to competing with DEGIRO's fees. The account opening process is also fast, you will usually have your account ready to use within a day. It is also one of the best trading platforms for Europeans.
However, its low prices come with some shortfalls. Education and research tools are limited, there is no forex trading, and you can only deposit and withdraw money by bank transfer. Also, there is a waiting list for new accounts at the moment.
All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.
| DEGIRO | |
|---|---|
| Summary | DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA. As of March 25, 2020, DEGIRO introduced a waiting list for new customers. Longer than usual account opening times are expected. |
| Fees score | 5.0 stars |
| Recommended for | Price-sensitive buy-and-hold investors and traders looking only to carry out transactions |
DEGIRO alternatives
TradeStation Global
TradeStation Global is the brand of TradeStation International, which is based in the UK and regulated by the top-tier FCA. TradeStation International is the subsidiary of TradeStation, and an introducing broker of Interactive Brokers (IB).
Therefore, TradeStation Global is a combined product of TradeStation and IB. You can reach IB's markets almost at IB's fees. You can trade on both IB's and TradeStation's desktop platform. The customer service is by TradeStation.
Both Interactive Brokers and TradeStation are reputable brokers, regulated by top-tier financial authorities. While Interactive Brokers is listed on NASDAQ, TradeStation itself is not: only TradeStation's parent company Monex is listed on the Tokyo Stock Exchange.
Recommended for traders and investors looking for low fees and a wide selection of products
| Pros | Cons |
|---|---|
| • Low trading fees | • Not user-friendly deposit and withdrawal |
| • Wide range of products | • Complicated account opening |
| • Fast and relevant customer service | • Limited education materials |
Fees
TradeStation Global has low trading fees, especially for stock and ETF. It's also great that there is no inactivity fee and the first withdrawal in each month is free of charge. On the other hand, mutual fund fees are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High fund fees |
| • Low non-trading fees | |
| • Low stock and ETF fees |
| TradeStation Global | DEGIRO | |
|---|---|---|
| Apple benchmark fee | $3.2 | $1.4 |
| Vodafone benchmark fee | $5.3 | $5.3 |
| EURUSD benchmark fee | $17.9 | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
TradeStation Global's account opening is fully digital and fast. On the negative side, the process is complicated and there is a high, $1,000 minimum required deposit.
| Pros | Cons |
|---|---|
| • Fast | • Minimum deposit is higher than $500 |
| • Fully digital | • Not user-friendly |
| TradeStation Global | DEGIRO | |
|---|---|---|
| Minimum deposit | $1,000 | $0 |
| Time to open account | 1 day | >3 days |
If you are interested more in TradeStation Global minimum deposit, this overview will help you.
Deposit and withdrawal
TradeStation Global offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Several account base currencies | • Not user-friendly |
| • No charge for the first withdrawal every month. |
| TradeStation Global | DEGIRO | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
You can use Interactive Brokers' web trading platforms. Client Portal is simple and easy to use even for beginners. On the negative side, it is not customizable.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | • Difficult to set the alerts |
| • Two-step (safer) login |
| TradeStation Global | DEGIRO | |
|---|---|---|
| Web platform score | 4.3 stars | 4.0 stars |
| Mobile platform score | 3.5 stars | 4.5 stars |
| Desktop platform score | 3.0 stars | - |
Learn more about TradeStation Global's web trading platform in the detailed TradeStation Global review.
Markets and products
With TradeStation Global, you can access the same range of product types and exchanges as at Interactive Brokers. This selection is one of the widest among online brokers.
| TradeStation Global | DEGIRO | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | Yes | No |
| Fund | Yes | Yes |
| Bond | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFD | Yes | No |
| Crypto | Yes | Yes |
Verdict
TradeStation Global has low trading fees, has access to a lot of products and markets, and has great customer support. The TradeStation Global desktop platform has great charting tools, and plenty of indicators highly customizable watchlists (Radar Screen), and visualized order placing (Matrix).
On the other hand, the deposit and withdrawal process is not user-friendly and you can use only a bank transfer. The account opening is complicated and for full account verification, a minimum deposit of $1,000 is needed. Lastly, the education section could be extended with more materials, as of now, it is limited.
If you prefer low fees with IB's product range, feel free to try TradeStation Global.
| TradeStation Global | |
|---|---|
| Summary | TradeStation Global is an introducing broker of Interactive Brokers. It practically means that assets and cash are held with Interactive Brokers, but services, like the fees or customer support are provided by TradeStation Global. TradeStation Global is regulated by the top-tier UK FCA. |
| Fees score | 4.1 stars |
| Recommended for | Traders and investors looking for low fees and a wide selection of products |
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DEGIRO alternatives
eToro
eToro is a well-known Israeli fintech startup, a social trading broker established in 2007.
eToro serves UK clients through an entity regulated by the Financial Conduct Authority (FCA), Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot entity that is regulated by the Cyprus Securities and Exchange Commission (CySEC).
eToro is not listed on any stock exchange, does not disclose its annual report on its site and does not have a bank parent.
eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech startup.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading
| Pros | Cons |
|---|---|
| • Free stock and ETF trading | • High forex fees |
| • Seamless account opening | • Withdrawing money can be slow |
| • Social trading experience | • Only one account base currency |
Fees
eToro offers free stock trading. On the negative side, forex trading fees are high and there is a fee charged for inactivity or withdrawal.
| Pros | Cons |
|---|---|
| • Low trading fees | • High forex fees |
| • Free stock trading | • Withdrawal fee |
| • Low CFD fees |
| eToro | DEGIRO | |
|---|---|---|
| Apple benchmark fee | $6.8 | $1.4 |
| Vodafone benchmark fee | - | $5.3 |
| EURUSD benchmark fee | $19.6 | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Account opening at eToro is seamless and very fast.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| eToro | DEGIRO | |
|---|---|---|
| Minimum deposit | $200 | $0 |
| Time to open account | 1 day | >3 days |
If you are interested more in eToro minimum deposit, this overview will help you.
Deposit and withdrawal
Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Only one account base currency |
| • No deposit fee | • $5 withdrawal fee |
| • User-friendly | • Conversion fee for non-USD deposits |
| eToro | DEGIRO | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | No |
| Electronic wallets | Yes | No |
| Withdrawal fee | $5 | $0 |
Web trading platform
eToro offers a user-friendly and well-designed web trading platform. In addition, social trading is also available. On the other hand, the customizability is limited.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| eToro | DEGIRO | |
|---|---|---|
| Web platform score | 4.4 stars | 4.0 stars |
| Mobile platform score | 4.9 stars | 4.5 stars |
| Desktop platform score | - | - |
Learn more about eToro's web trading platform in the detailed eToro review.
Markets and products
At eToro you can trade with CFDs and forex, as well as real stocks, ETFs and many cryptocurrencies. In addition, the broker also offers innovative services like social trading and CopyPortfolio.
| eToro | DEGIRO | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | Yes | No |
| Fund | No | Yes |
| Bond | No | Yes |
| Options | No | Yes |
| Futures | No | Yes |
| CFD | Yes | No |
| Crypto | Yes | Yes |
Verdict
eToro has zero-commission stock trading. Account opening is swift and seamless. It also has a lot of innovative features, like social trading and copying other (successful) traders.
It has some drawbacks, though. Forex fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. Live chat is hard to reach and their educational materials could be better.
Overall, we would recommend eToro for its social trading feature and zero-commission stock trading.
Risk disclaimer
eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFD assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.
Past performance is not an indication of future results.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
| eToro | |
|---|---|
| Summary | eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC. |
| Fees score | 4.2 stars |
| Recommended for | Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading |
DEGIRO alternatives
Interactive Brokers
Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
As it has licenses from multiple top-tier regulators, the broker is considered safe. Also, having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.
Recommended for traders looking for low fees and a professional trading environment
| Pros | Cons |
|---|---|
| • Wide range of products | • Extremely complex desktop trading platform |
| • Many great research tools | • Complicated account opening process |
| • Regulated by several authorities | • High inactivity fee |
Fees
Interactive Brokers has low trading fees and for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
| Pros | Cons |
|---|---|
| • Low trading fees | • Inactivity fee |
| • Low stock and ETF fees | |
| • Low financing rate | |
| • Free stock and ETF trading for US clients |
| Interactive Brokers | DEGIRO | |
|---|---|---|
| Apple benchmark fee | $2.2 | $1.4 |
| Vodafone benchmark fee | $14.9 | $5.3 |
| EURUSD benchmark fee | $17.9 | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the online registration is complicated and account verification takes around 2 business days.
| Pros | Cons |
|---|---|
| • Fully digital | • Not user-friendly |
| • No minimum deposit for most accounts types | • Confusing messages throughout the process |
| Interactive Brokers | DEGIRO | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1-3 days | >3 days |
If you are interested more in Interactive Brokers minimum deposit, this overview will help you.
Deposit and withdrawal
Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Several account base currencies | • Not user-friendly |
| • First withdrawal each month free |
| Interactive Brokers | DEGIRO | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
Interactive Brokers's web platform is simple and easy to use even for beginners. On the negative side, it is not customizable.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| Interactive Brokers | DEGIRO | |
|---|---|---|
| Web platform score | 4.3 stars | 4.0 stars |
| Mobile platform score | 3.5 stars | 4.5 stars |
| Desktop platform score | 3.0 stars | - |
Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.
Markets and products
Through Interactive Brokers you can access an extremely wide range of markets, with every product type available.
| Interactive Brokers | DEGIRO | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | Yes | No |
| Fund | Yes | Yes |
| Bond | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFD | Yes | No |
| Crypto | Yes | Yes |
Verdict
Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker for advanced traders.
On the plus side, IB has a vast range of markets and products available, with diverse research tools and low costs.
There are some drawbacks though: there is a high inactivity fee and the account opening process is complicated. The desktop platform is complex and hard-to-understand, especially for beginners.
If you have experience navigating complex platforms and you like transparent low-cost trading, Interactive Brokers could be a great fit for you.
| Interactive Brokers | |
|---|---|
| Summary | Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC. |
| Fees score | 4.3 stars |
| Recommended for | Traders looking for low fees and a professional trading environment |
DEGIRO alternatives
Bottom line
Based on our analysis, there are several good alternatives to DEGIRO. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| DEGIRO | Dutch discount broker | Price-sensitive buy-and-hold investors and traders looking only to carry out transactions |
| TradeStation Global | UK-based global broker | Traders and investors looking for low fees and a wide selection of products |
| eToro | Global social trading broker | Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading |
| Interactive Brokers | US discount broker | Traders looking for low fees and a professional trading environment |
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