The best alternatives to DEGIRO are
Let's see in a bit more detail how the DEGIRO alternatives compare to DEGIRO and each other:
| DEGIRO | TradeStation Global | Interactive Brokers | |
|---|---|---|---|
| Overall score | 4.8 | 4.6 | 4.8 |
| Fees score | 4.8 stars | 3.7 stars | 4.0 stars |
| Account opening score | 5.0 stars | 2.8 stars | 3.4 stars |
| Deposit and withdrawal score | 3.3 stars | 3.5 stars | 3.5 stars |
| Web platform score | 3.9 stars | 4.3 stars | 4.3 stars |
| Markets and products score | 3.5 stars | 5.0 stars | 5.0 stars |
| Visit broker | Visit broker | Visit broker |
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
- 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 78 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 this is not a problem as you can have it ready on the same day you registered.
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
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 such as 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.
Disclaimer: Investing involves risk of loss.
Disclaimer for UK clients: Deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.
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 | • Forex not available |
| • Regulated by multiple top-tier authorities | • Limited research and education |
| • Easy-to-use web and mobile platform | • No credit/debit card deposit |
Fees
DEGIRO has low trading fees for all asset classes, from stocks to options. Non-trading fees are also low, as there are no inactivity or withdrawal fees.
| 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 | Interactive Brokers | |
|---|---|---|---|
| US stock | $0.7 | $1.5 | $1.0 |
| UK stock | $2.6 | $2.4 | $7.8 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
The account opening process at DEGIRO is fast, fully digital, and no minimum deposit is required.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| DEGIRO | TradeStation Global | Interactive Brokers | |
|---|---|---|---|
| Minimum deposit | $0 | $1,000 | $0 |
| Time to open account | 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 funds using a credit or debit card.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | |
| • Several account base currencies |
| DEGIRO | TradeStation Global | Interactive Brokers | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Withdrawal fee | $0 | $0 | $0 |
Web trading platform
DEGIRO's web platform is simple and easy to use, even for beginners. 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 | Interactive Brokers | |
|---|---|---|---|
| Web platform score | 3.9 stars | 4.3 stars | 4.3 stars |
| Mobile platform score | 4.4 stars | 3.5 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 a lot of different products. CFD and forex are not available, though.
| DEGIRO | TradeStation Global | Interactive Brokers | |
|---|---|---|---|
| Stock | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Forex | No | Yes | Yes |
| Fund | Yes | Yes | Yes |
| Bond | Yes | Yes | Yes |
| Options | Yes | Yes | Yes |
| Futures | Yes | Yes | Yes |
| CFD | No | Yes | Yes |
| Crypto | 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.
Transaction costs are generally very low. DEGIRO also has one of the best trading platforms for Europeans. In addition, the account opening process is fast.
On the other hand, education and research tools are limited. We should also mention that there is no forex trading, and most clients can only deposit and withdraw by bank transfer.
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. |
| Fees score | 4.8 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 Ltd, which is based in the UK and is regulated by the top-tier Financial Conduct Authority (FCA).
TradeStation Global is a combined product offered by Interactive Brokers (IB) and TradeStation. Here are its most important elements:
- The account opening, deposit/withdrawal options, and available products are the same as at Interactive Brokers.
- You can use both Interactive Brokers's and TradeStation's own desktop platform.
- TradeStation Global charges its own fees, and offers its own customer support and educational tools.
Both Interactive Brokers and TradeStation are reputable brokers, regulated by top-tier financial authorities. While Interactive Brokers is listed on the 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 stock and ETF fees | • Only bank transfer allowed for deposit and withdrawal |
| • Wide range of products | • Complicated account opening |
| • Fast customer service | • Limited education materials |
Fees
TradeStation Global has low trading fees, especially for stocks and ETFs. There's no inactivity fee and the first withdrawal each month is free. However, mutual fund and CFD fees are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High fund fees |
| • Low non-trading fees | • High CFD fees |
| • Low stock and ETF fees |
| TradeStation Global | DEGIRO | |
|---|---|---|
| Apple benchmark fee | $3.3 | $1.7 |
| Vodafone benchmark fee | $5.5 | $5.8 |
| EURUSD benchmark fee | $11.2 | - |
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, but the process is complicated, and there's a high $1,000 minimum deposit required in order to use TSG's own desktop platform.
| Pros | Cons |
|---|---|
| • Fast | • $1,000 minimum deposit required for desktop platform |
| • Fully digital | • Not user-friendly |
| TradeStation Global | DEGIRO | |
|---|---|---|
| Minimum deposit | $1,000 | $0 |
| Time to open account | 1 day | 1 day |
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 drawback is that you can only use bank transfer.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Several account base currencies | |
| • No charge for the first withdrawal each 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 your TradeStation Global account to log in to the Interactive Brokers web trading platform. The TSG 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 | |
| • Two-step (safer) login |
| TradeStation Global | DEGIRO | |
|---|---|---|
| Web platform score | 4.3 stars | 3.9 stars |
| Mobile platform score | 3.5 stars | 4.4 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 stock/ETF fees, provides access to a lot of products and markets and has great customer support. The TradeStation Global desktop platform has great charting tools, plenty of indicators, highly customizable watchlists (Radar Screen) and a great programming tool (EasyLanguage).
On the other hand, the deposit and withdrawal process is not user-friendly and you can use only bank transfer. The account opening is complicated, and for full account verification to use the TSG desktop trading platform, a minimum deposit of $1,000 is required.
If you want access to IB's product range and an account without inactivity fees, feel free to try TradeStation Global.
| TradeStation Global | |
|---|---|
| Summary | TradeStation Global is an introducing broker of Interactive Brokers. This practically means that assets and cash are held with Interactive Brokers, but services like fees and customer support are provided by TradeStation Global. TradeStation Global is regulated by the top-tier UK FCA. |
| Fees score | 3.7 stars |
| Recommended for | Traders and investors looking for low fees and a wide selection of products |
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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, Interactive Brokers is considered safe. 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 |
|---|---|
| • Low trading fees | • Complicated account opening process |
| • Wide range of products | • Complex desktop trading platform |
| • Many great research tools | • High forex fees |
Fees
Interactive Brokers has low trading fees; 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 |
| • Free stock and ETF trading for US clients | |
| • Low margin rates |
| Interactive Brokers | DEGIRO | |
|---|---|---|
| Apple benchmark fee | $2.3 | $1.7 |
| Vodafone benchmark fee | $16.3 | $5.8 |
| EURUSD benchmark fee | $11.2 | - |
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 process is complicated, and account verification takes relatively long.
| Pros | Cons |
|---|---|
| • Fully digital | • Not user-friendly |
| • No minimum deposit for most account types | • Confusing messages throughout the process |
| Interactive Brokers | DEGIRO | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1-3 days | 1 day |
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 drawback is that you can only use bank transfer.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Several account base currencies | |
| • 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 | 3.9 stars |
| Mobile platform score | 3.5 stars | 4.4 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, and all product types are 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 mainly for advanced traders.
On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools.
There are some drawbacks, though: there is a high forex fees, and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.
If you have experience navigating complex platforms and enjoy 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 | 4.0 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 stockbroker | Traders and investors looking for low fees and a wide selection of products |
| Interactive Brokers | US discount broker | Traders looking for low fees and a professional trading environment |
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