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DEGIRO Alternatives

May 2019
Our top picks for LYNX alternatives
DEGIRO
Saxo Bank
DEGIRO Alternatives

The best alternatives to DEGIRO are

  1. Interactive Brokers - US discount broker
  2. Saxo Bank - Danish investment bank
  3. LYNX - Netherlands-based stockbroker

Let's see in a bit more detail how the DEGIRO alternatives compare to DEGIRO and each other:

DEGIRO alternatives comparison
DEGIRO Interactive Brokers Saxo Bank LYNX
Overall score 4.7 4.8 4.7 4.4
Fees score 5 stars 4 stars 3 stars 3 stars
Account opening score 5 stars 3 stars 3 stars 3 stars
Deposit and withdrawal score 3 stars 2 stars 5 stars 2 stars
Web platform score 4 stars 4 stars 5 stars 3 stars
Markets and products score 3 stars 5 stars 4 stars 4 stars
Visit broker 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 for only execution
  • Interactive Brokers is recommended for traders who prefer low fees and a professional trading environment
  • Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research
  • LYNX is recommended for european traders aiming for low trading fees, great research tools, and local customer support

Important factors of finding DEGIRO alternatives

So far Brokerchooser has reviewed 41 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

4.7 5 stars

Best discount broker

DEGIRO logo

DEGIRO is a trending Dutch online discount broker. It is privately owned and was established in 2013 by former employees of another brokerage company.

DEGIRO is considered safe as it is regulated by top-tier financial regulators, the Dutch AFM and DNB. It is registered with the Chamber of Commerce and Industry in Amsterdam under number 34342820.

Recommended for price-sensitive buy and hold investors and traders looking for only execution

Pros
  • One of the lowest fees in the market
  • Broad access to international markets
  • Easy to use web and mobile platform
Cons
  • Limited research and education
  • No forex trading
  • No credit/debit card deposit and withdrawal

Visit broker

Fees 5 stars

DEGIRO has low trading and non-trading fees. In most asset classes, it is the best in the market. There are some ETFs which you can trade free once per month. It's a great offer for buy-and-hold investors.
Pros
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
  • At some ETFs, one free trade per month
Cons
  • Yearly service fee for mutual funds
  • Higher trading fees for Asian and smaller European stock exchanges
DEGIRO alternatives trading fees
DEGIRO Interactive Brokers Saxo Bank LYNX
Apple benchmark fee $1.4 $2.2 $20.0 $10.2
Vodafone benchmark fee $5.2 $17.9 $15.0 $26.6
EURUSD benchmark fee - $23.0 $58.4 $16.0

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

More Visit broker

Account opening 5 stars

DEGIRO has an easy and fast account opening process. Also, there is no minimum deposit.
Pros
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
Cons
None
DEGIRO alternatives minimum deposit and account open times
DEGIRO Interactive Brokers Saxo Bank LYNX
Minimum deposit $0 $0 $725 $3,420
Time to open account 1 day 1-3 days 1-3 days 1-3 days

Learn more about DEGIRO minimum deposit here.

More Visit broker

Deposit and withdrawal 3 stars

DEGIRO deposit and withdrawal is free of charge via bank transfer. On the other hand, you cannot deposit with credit or debit card.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card deposit and withdrawal not available
DEGIRO and alternatives withdrawal options and fees
DEGIRO Interactive Brokers Saxo Bank LYNX
Bank Transfer Yes Yes Yes Yes
Credit/Debit card No No No No
Electronic wallets No No No No
Withdrawal fee $0 $0 $0 $0

More Visit broker

Web trading platform 4 stars

DEGIRO’s web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, it is a bit complicated to customize.
Pros
  • User-friendly
  • Two-step (safe) login
  • Looks nice
Cons
  • Limited customizability (for charts, workspace)
  • No price alerts
DEGIRO - Web trading platform
DEGIRO and alternatives trading platform scores
DEGIRO Interactive Brokers Saxo Bank LYNX
Web platform score 4 stars 4 stars 5 stars 3 stars
Mobile platform score 4 stars 4 stars 5 stars 4 stars
Desktop platform score - 3 stars 5 stars 3 stars

Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.

Visit broker

More Visit broker

Markets and products 3 stars

At DEGIRO you can access many markets and trade with a lot of different products, except for forex.
DEGIRO and alternatives markets and products
DEGIRO Interactive Brokers Saxo Bank LYNX
Stock Yes Yes Yes Yes
ETF Yes Yes Yes Yes
Forex No Yes Yes Yes
Fund Yes Yes No Yes
Bond Yes Yes Yes Yes
Options Yes Yes Yes Yes
Futures Yes Yes Yes Yes
CFD Yes Yes Yes Yes
Crypto Yes Yes Yes Yes

More Visit broker

Verdict

DEGIRO is a good choice if you want a simple platform and don’t want to spend a fortune on fees.

It is far cheaper than its big European competitors and only Interactive Brokers can compete with DEGIRO fees. DEGIRO also has great access to international markets and trading products. And it is als one of the best trading platforms for Europeans.

However, cheapness comes with some shortfalls. Education and research tools are limited, there is no forex trading and limited deposit and withdrawal options.

All in all, it is a great online broker. As there is no minimum deposit and no inactivity fee, feel free to try it out.

DEGIRO
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA.
Fees score 5 stars
Recommended for Price-sensitive buy and hold investors and traders looking for only execution

More Visit broker

DEGIRO alternatives
Interactive Brokers

4.8 5 stars

Best online broker

Interactive Brokers logo

Interactive Brokers was founded in 1978 and it is one of the biggest US-based discount brokers. It is regulated by several regulators globally, including top-tier authorities like FCA and SEC. Interactive Brokers Group is listed on the New York Stock Exchange.

Interactive Brokers is considered safe because it has a long track record, is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.

Recommended for traders who prefer low fees and a professional trading environment

Pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
Cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform

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Fees 4 stars

Interactive Brokers has low trading fees and high non-trading fees. The fees are transparent.
Pros
  • Low trading fees
  • Transparent fee structure
Cons
  • Inactivity fee
DEGIRO vs. Interactive Brokers: Trading fees
Interactive Brokers DEGIRO
Apple benchmark fee $2.2 $1.4
Vodafone benchmark fee $17.9 $5.2
EURUSD benchmark fee $23.0 -

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

More Visit broker

Account opening 3 stars

The account opening process is fully digital, but slow and complicated.
Pros
  • Fully digital account opening
  • No minimum deposit for most accounts
Cons
  • Slow account opening
  • Not user-friendly
  • Confusing messages throughout the process
DEGIRO vs. Interactive Brokers: Minimum deposit, time to open an account
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.

More Visit broker

Deposit and withdrawal 2 stars

Interactive Brokers offers a lot of base currencies and one withdrawal per month is free. On the negative side, only bank transfer is available.
Pros
  • Several account base currencies
  • No charge for the first withdrawal each month
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Slow funding and withdrawal - over 3 days
DEGIRO vs. Interactive Brokers: Withdrawal options
Interactive Brokers DEGIRO
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

More Visit broker

Web trading platform 4 stars

The Interactive Brokers web platform is simple and easy to use, even for beginners. On the negative side, it is a bit complicated to customize.
Pros
  • User-friendly
  • Clear fee report
  • Two-step (safe) login
Cons
  • Limited customizability (for charts, workspace)
Web trading platform of Interactive Brokers, a DEGIRO alternative
DEGIRO vs. Interactive Brokers: Trading platform scores
Interactive Brokers DEGIRO
Web platform score 4 stars 4 stars
Mobile platform score 4 stars 4 stars
Desktop platform score 3 stars -

Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.

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Markets and products 5 stars

Interactive Brokers allows you access to a very wide range of markets and you can trade with all product types. IB's product range is the widest available.
DEGIRO vs. Interactive Brokers: Markets and products
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 Yes
Crypto Yes Yes

More Visit broker

Verdict

IB is one of the biggest discount US brokers regulated by top-tier regulators. If you like low-cost trading and easily navigate on a really complicated platform, Interactive Brokers is for you. We mainly recommend IB for traders.

It has low trading fees, a wide range of product portfolio, and diverse research tools. 

On the flip side, only bank transfer is available for deposit and withdrawal. The account opening and the desktop platform are not user-friendly and complicated.

Interactive Brokers is definitely recommended if you want low fees, a lot of products and you are experienced to cope with a complicated platform.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. IB is listed on stock exchange and regulated by several authorities, like the top-tier FCA and SEC.
Fees score 4 stars
Recommended for Traders who prefer low fees and a professional trading environment

More Visit broker

DEGIRO alternatives
Saxo Bank

4.7 5 stars

Best trading platform

Saxo Bank logo

Saxo Bank is a Danish investment bank providing online trading and investments. It is a leading European retail brokerage innovator. Saxo is privately owned, established in 1992, and headquartered in Copenhagen.

Saxo is considered safe as it is regulated worldwide by more than 10 financial regulators, including top-tier regulators, like the UK FCA.

Recommended for investors and traders looking for a great trading platform and solid research

Pros
  • Outstanding research
  • Great trading platform
  • Broad product portfolio
Cons
  • High forex, bond, options, and futures fees
  • Slow account opening
  • Missing live chat

Visit broker

Fees 3 stars

Saxo Bank has average trading and non-trading fees.
Pros
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
Cons
  • Inactivity fee
  • High financing rate
  • High forex, bond, options and futures fees
DEGIRO vs. Saxo Bank: Trading fees
Saxo Bank DEGIRO
Apple benchmark fee $20.0 $1.4
Vodafone benchmark fee $15.0 $5.2
EURUSD benchmark fee $58.4 -

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

More Visit broker

Account opening 3 stars

Account opening is available for residents of almost every country and is fully digital.
Pros
  • Fast account opening
  • Fully digital account opening
  • Available for residents of almost every country
Cons
  • Minimum account balance is higher than $500
  • Sales team pushy
  • Classic accounts available only in a single currency
DEGIRO vs. Saxo Bank: Minimum deposit, time to open an account
Saxo Bank DEGIRO
Minimum deposit $725 $0
Time to open account 1-3 days 1 day

If you are interested more in Saxo Bank minimum deposit, this overview will help you.

More Visit broker

Deposit and withdrawal 5 stars

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card withdrawal not available
DEGIRO vs. Saxo Bank: Withdrawal options
Saxo Bank DEGIRO
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

More Visit broker

Web trading platform 5 stars

Saxo Bank's web trading platform is easy-to-use and well-designed. However, it doesn't provide a two-step login and the customizability is limited.
Pros
  • User-friendly
  • Good search function
  • Looks nice
Cons
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
Web trading platform of Saxo Bank, a DEGIRO alternative
DEGIRO vs. Saxo Bank: Trading platform scores
Saxo Bank DEGIRO
Web platform score 5 stars 4 stars
Mobile platform score 5 stars 4 stars
Desktop platform score 5 stars -

Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.

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More Visit broker

Markets and products 4 stars

At Saxo Bank you can reach many markets and trade with a lot of different products, except for funds.
DEGIRO vs. Saxo Bank: Markets and products
Saxo Bank DEGIRO
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund No Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD Yes Yes
Crypto Yes Yes

More Visit broker

Verdict

Saxo Bank is a great broker, providing a complex and good service.

It has the best trading platforms backed by great research. The product portfolio is covering all important international markets and asset classes.

It has some drawbacks though. The fees for forex, bond, options, and futures are high. The account opening can take long and the live chat is missing.

In general, Saxo Bank is one of the best online brokerage companies you can choose. By opening an account, you end up with a broad, well-developed service.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier FCA.
Fees score 3 stars
Recommended for Investors and traders looking for a great trading platform and solid research

More Visit broker

DEGIRO alternatives
LYNX

4.4 4 stars

LYNX logo

LYNX a Netherlands-based stockbroker founded in 2006.

LYNX is also an introducing broker of Interactive Brokers. This practically means that your deposited funds will be held at Interactive Brokers' accounts. You can also use IB's trading platforms. However, the fees are charged by LYNX and other services, like account opening, markets and products, customer service and education are also provided by LYNX.

LYNX is considered safe because both LYNX and Interactive Brokers are regulated by top-tier regulators.

Recommended for european traders aiming for low trading fees, great research tools, and local customer support

Pros
  • Low trading fees
  • Great research tools
  • Wide range of markets and products
Cons
  • Deposit and withdrawal are not user-friendly
  • €3,000 minimum deposit
  • High inactivity fee

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Fees 3 stars

LYNX has low trading and average non-trading fees.
Pros
  • Low trading fees
  • No withdrawal fee
Cons
  • Inactivity fee
DEGIRO vs. LYNX: Trading fees
LYNX DEGIRO
Apple benchmark fee $10.2 $1.4
Vodafone benchmark fee $26.6 $5.2
EURUSD benchmark fee $16.0 -

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

More Visit broker

Account opening 3 stars

LYNX's account opening is fully digital and user-friendly. However, there is a €3,000 minimum deposit.
Pros
  • Fully digital account opening
  • User-friendly
Cons
  • Minimum account balance is higher than $500
DEGIRO vs. LYNX: Minimum deposit, time to open an account
LYNX DEGIRO
Minimum deposit $3,420 $0
Time to open account 1-3 days 1 day

If you are interested more in LYNX minimum deposit, this overview will help you.

More Visit broker

Deposit and withdrawal 2 stars

You can fund your account in many base currencies and there is also one free withdrawal per month. However, you can transfer money only in bank transfer and the process is not user-friendly.
Pros
  • No deposit fee
  • Several account base currencies
  • One free withdrawal per month
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Not user-friendly
DEGIRO vs. LYNX: Withdrawal options
LYNX DEGIRO
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

More Visit broker

Web trading platform 3 stars

The LYNX web trading platform is simple and easy to use. You can execute your order via several order types. On the negative side, it lacks the two-step login, customizability, and price alerts.
Pros
  • User-friendly
  • Good variety of order types
Cons
  • No two-step (safe) login
  • Limited customizability (for charts, workspace)
  • No price alerts
Web trading platform of LYNX, a DEGIRO alternative
DEGIRO vs. LYNX: Trading platform scores
LYNX DEGIRO
Web platform score 3 stars 4 stars
Mobile platform score 4 stars 4 stars
Desktop platform score 3 stars -

Learn more about LYNX's web trading platform in the detailed LYNX review.

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More Visit broker

Markets and products 4 stars

At LYNX you can trade with all the asset classes and reach many markets.
DEGIRO vs. LYNX: Markets and products
LYNX DEGIRO
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes Yes
CFD Yes Yes
Crypto Yes Yes

More Visit broker

Verdict

LYNX has low trading fees, great research tools, and offers a wide range of markets and products. 

On the other hand, the deposit and withdrawal are not user-friendly and you can use only bank transfer. There is also a €3,000 minimum deposit and a high inactivity fee.

Feel free to try LYNX if you are a European client and prefer low trading fees, great research tools, and local customer support.

LYNX
Summary LYNX is a Dutch stockbroker established in 2006. It is regulated by the Dutch FMA.
Fees score 3 stars
Recommended for European traders aiming for low trading fees, great research tools, and local customer support

More Visit broker

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.

DEGIRO alternatives
Broker Info Recommended for
DEGIRO Dutch discount broker Price-sensitive buy and hold investors and traders looking for only execution
Interactive Brokers US discount broker Traders who prefer low fees and a professional trading environment
Saxo Bank Danish investment bank Investors and traders looking for a great trading platform and solid research
LYNX Netherlands-based stockbroker European traders aiming for low trading fees, great research tools, and local customer support

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

AUTHOR

Dan Sallai
Dan Sallai
CMO
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
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