DEGIRO Alternatives

The best alternatives to DEGIRO are

1. Comdirect - German investment bank
2. LYNX - Netherlands-based stockbroker
3. flatex - Germany-based stockbroker
4. Internaxx - Luxembourg online broker

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

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 traders and investors looking for execution only
• Comdirect is recommended for investors speaking german and focusing on european securities
• LYNX is recommended for any european traders looking for low stock and etf fees and a good mobile trading platform
• flatex is recommended for investors and traders speaking german and focusing on european securities
• Internaxx is recommended for buy-and-hold investors with relatively large amounts to invest

Important factors of finding DEGIRO alternatives

So far BrokerChooser has reviewed 91 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!

Comdirect is a German investment bank established in 1994 and owned by Commerzbank, a major German bank. It is regulated by Germany's Federal Financial Supervisory Authority (BaFin) and is listed on the Frankfurt Stock Exchange.

Comdirect is considered safe because it has a long track record, is listed on a stock exchange, has a banking background and is regulated by the top-tier BaFin.

Being a German bank, all of Comdirect's services are available only in German.

Recommended for investors speaking german and focusing on european securities

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Fees

2.4

Comdirect's trading fees are high for all asset classes except bonds. As a plus, non-trading fees are low, there is no withdrawal fee and an inactivity fee is charged only after 3 years.

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

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Account opening

2.6

Account opening is easy and fully digital for German and Austrian residents, but is complicated and slow for others.

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

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Deposit and withdrawal

3.5

Deposits and withdrawals are free of charge, but only bank transfer is available as a method.

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Web trading platform

4.4

Comdirect's web platform is well-designed and easy to use. It has great customization options but lacks price alerts.

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

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Markets and products

5.0

You can trade with almost all types of assets at Comdirect. There is also a great selection within asset classes, covering a lot of German, European and overseas exchanges.

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Verdict

Comdirect is a German online broker established in 1994. Its parent company is Commerzbank, one of the biggest banks in Germany.

It is recommended for traders with a good knowledge of German.

Comdirect provides access to both European and overseas exchanges with a wide range of products. Its mobile platform is great and the broker is considered safe because it has a banking background, is listed on a stock exchange and is regulated by a top-tier authority.

On the other hand, fees are high, especially stock trading fees. Anyone can open an account, although for residents outside of Germany and Austria, the process is complicated and could take several weeks. There is no functioning live chat and phone support is a bit slow.

If you are looking for a customizable web and desktop platform for trading on German markets, feel free to try Comdirect.

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LYNX is a Netherlands-based stockbroker founded in 2006.

LYNX is an introducing broker of Interactive Brokers (IB). In practice, this means that your deposited funds will be held by IB but fees are charged by LYNX. You can also use IB's trading platforms. 

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

Recommended for any european traders looking for low stock and etf fees and a good mobile trading platform

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Fees

3.2

LYNX has low trading fees for stocks, ETFs and funds, but its options fees are high and it also charges an inactivity fee.

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

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Account opening

2.5

The account opening process at LYNX is smooth and fully digital, but it took us over three days to complete, and there is a high €3,000 minimum deposit.

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

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Deposit and withdrawal

3.5

You can fund your account in many base currencies, and you have one free withdrawal per month. However, you can only use bank transfer.

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Web trading platform

3.3

The LYNX web trading platform is simple and easy to use, with multiple order types and clear fee reports. On the negative side, it lacks two-step login, customizability and price alerts.

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

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Markets and products

5.0

At LYNX, you can trade the full spectrum of asset classes and gain access to many markets.

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Verdict

LYNX has low stock and ETF trading fees, a great mobile trading platform, and offers a wide range of markets and products. 

On the other hand, deposit and withdrawal options are limited to bank transfers. There is also a steep €3,000 minimum deposit and the desktop platform is too complex for most users.

Feel free to try LYNX if you are a European client seeking low stock and ETF trading fees and a good mobile trading platform.

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flatex is a Germany-based stockbroker, regulated by Germany's Federal Financial Supervisory Authority (BaFin). It was originally established as PRE.IPO AG in 1999 and received its banking and brokerage license in 2005, when the company was renamed flatex.

flatex is considered safe because it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials and is regulated by a top-tier authority.

In 2019, flatex AG acquired 100% of DEGIRO. Currently they operate as separate entities, with flatex strengthening DEGIRO's regulatory backbone.

Being a German broker, all of flatex's trading services are available only in German.

Recommended for investors and traders speaking german and focusing on european securities

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Fees

3.3

flatex has favorable pricing for trading stocks, ETFs, mutual funds and bonds. On the negative side, forex fees and margin rates are high.

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

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Account opening

2.0

Account opening at flatex is easy and fully digital for German and Austrian residents, but complicated and long for other clients.

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

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Deposit and withdrawal

3.0

Deposits and withdrawals at flatex are free of charge, but only bank transfer is available. This means the process can take a couple of days.

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Web trading platform

3.5

flatex's web trading platform WebFiliale is well-designed, has several order types and a great search engine. However, there are no price alerts and it is only available in German.

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

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Markets and products

4.2

At flatex you can trade almost all product types except options, futures and cryptos. There are also special products like warrants, certificates and turbos. Most available exchanges focus on EU markets.

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Verdict

flatex is great for those who are looking for long-term investments and have a good command of German.

Investing in stocks, funds, and ETFs is cheaper at flatex than at its German competitors. Also, it has extra savings and mutual fund plans for long-term investors. Because it is listed on the stock exchange, flatex's financials are clear and transparent. It also offers high-quality educational materials to help you understand trading with the broker's services.

On the negative side, forex fees and margin rates are high. The account opening for non-German citizens is complicated and you can only use bank transfer for deposits and withdrawals. We also missed the option to switch to English during account opening and on the web and mobile trading platforms. Despite this, most of the time customer service could help us out in English.

As there is no required minimum deposit or inactivity fee, feel free to go ahead and try flatex.

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Internaxx is a Luxembourgish online broker, founded in 2000 and recently acquired by Swissquote. The broker is specialized in international investors and ex-pats. Internaxx is regulated by the Luxemburg based top-tier regulator, Commission de Surveillance du Secteur Financier (CSSF).

Internaxx is considered safe because it is regulated by CSSF and has a banking license.

Recommended for buy-and-hold investors with relatively large amounts to invest

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Fees

2.2

Compared to other brokers we tested, Internaxx has high trading fees and average non-trading fees. On the other hand, the fund fees are low and there is no withdrawal fee.

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

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Account opening

1.3

In case you want to trade with stocks or ETFs you can open an account without a required minimum amount. Unfortunately, the process is not fully digital as you need to submit the docs by post.

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

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Deposit and withdrawal

3.0

At Internaxx, the multi-currency account is a convenient solution to have an account in 9 different currencies. On the flip side, you can deposit and withdraw only via bank transfer.

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Web trading platform

2.8

Internaxx has a well-designed and user-friendly web trading platform. On the flip side, it lacks the customizability, the two-step login and order types are limited.

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

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Markets and products

3.1

At Internaxx you can trade with stocks, ETFs, mutual funds and cryptocurrencies. You will have access to a wide range of investment funds while the selection of the other asset classes is mid-range.

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Verdict

Internaxx concentrates on funds, stocks and cryptocurrency. You will like their research tools provided by Morningstar, a professional research company. The customer is good as they provide fast and relevant answers,

On the other hand, Internaxx’s trading fees are expensive and the inactivity fee is high. The account opening is not fully digital and therefore sluggish. You should expect only a couple of written educational materials and you can deposit your account only via bank transfer.

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DEGIRO is a German-Dutch online discount broker. It was established in 2008 by former employees of another brokerage company in the Netherlands. DEGIRO merged with flatexDEGIRO Bank AG in early 2021, creating the biggest online execution-only broker in Europe with its own banking license.

DEGIRO is regulated by top-tier financial authorities such as the BaFin in Germany.

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 traders and investors looking for execution only

Fees

4.7

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.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

Account opening

5.0

The account opening process at DEGIRO is fast, fully digital, and no minimum deposit is required.

Learn more about DEGIRO minimum deposit here.

Deposit and withdrawal

3.3

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.

Web trading platform

4.0

DEGIRO's web platform is simple and easy to use, even for beginners. On the negative side, you cannot set price alerts.

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

Markets and products

3.5

At DEGIRO, you can access many markets and trade a lot of different products. CFD and forex are not available, though.

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, as DEGIRO is an execution only broker, 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.

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.

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