The best alternatives to DEGIRO are
- Interactive Brokers - US discount broker
- Saxo Bank - Danish investment bank
- LYNX - Netherlands-based stockbroker
Let's see in a bit more detail how the DEGIRO alternatives compare to DEGIRO and each other:
| DEGIRO | Interactive Brokers | Saxo Bank | LYNX | |
|---|---|---|---|---|
| Overall score | 4.7 | 4.9 | 4.8 | 4.2 |
| Fees score | 5.0 | 4.0 | 3.0 | 3.0 |
| Account opening score | 5.0 | 3.0 | 3.0 | 3.0 |
| Deposit and withdrawal score | 3.0 | 3.0 | 5.0 | 3.0 |
| Web platform score | 4.0 | 4.0 | 5.0 | 3.0 |
| Markets and products score | 4.0 | 5.0 | 5.0 | 5.0 |
| 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 only to carry out transactions
- Interactive Brokers is recommended for traders looking for 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 looking for low stock and etf fees and a good mobile trading platform
Important factors of finding DEGIRO alternatives
So far Brokerchooser has reviewed 57 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, 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.
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 | • Limited research and education |
| • Fast and seamless account opening | • No forex trading |
| • Easy to use web and mobile trading platform | • No credit/debit card deposit and withdrawal |
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 | Interactive Brokers | Saxo Bank | LYNX | |
|---|---|---|---|---|
| US stock | $0.6 | $1.0 | $10.0 | $5.0 |
| UK stock | $2.5 | $7.2 | $9.6 | $10.8 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
DEGIRO has an easy and fast account opening process. No minimum deposit is required.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| DEGIRO | Interactive Brokers | Saxo Bank | LYNX | |
|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $600 | $3,300 |
| Time to open account | 1 day | 1-3 days | 1-3 days | >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 | 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 |
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 | Interactive Brokers | Saxo Bank | LYNX | |
|---|---|---|---|---|
| Web platform score | 4.0 | 4.0 | 5.0 | 3.0 |
| Mobile platform score | 5.0 | 4.0 | 5.0 | 4.0 |
| Desktop platform score | - | 3.0 | 5.0 | 3.0 |
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 | Interactive Brokers | Saxo Bank | LYNX | |
|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes | Yes |
| Forex | No | Yes | Yes | Yes |
| Fund | Yes | Yes | Yes | Yes |
| Bond | Yes | Yes | Yes | Yes |
| Options | Yes | Yes | Yes | Yes |
| Futures | Yes | Yes | Yes | 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 Interactive Brokers 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.
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 | 5.0 |
| Recommended for | Price-sensitive buy-and-hold investors and traders looking only to carry out transactions |
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 | • Funding and withdrawal only via bank transfer |
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 | $5.6 |
| 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 | 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 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 | 4.0 | 4.0 |
| Mobile platform score | 4.0 | 5.0 |
| Desktop platform score | 3.0 | - |
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: you can only fund your account via wire transfer 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 | 4.0 |
| Recommended for | Traders looking for low fees and a professional trading environment |
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DEGIRO alternatives
Saxo Bank
Saxo Bank is a Danish investment bank founded in 1992, providing online trading and investments. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA).
Saxo Bank is a global service provider. In the different regions, its subsidiaries are present in the form of separate legal entities. The services offered by each entity might change slightly especially in case of their fees and products available to trade. In this review, we tested Saxo Bank UK.
Saxo Bank is considered safe because it has a long track record, has a banking background, and is regulated by top-tier financial authorities.
Recommended for investors and traders looking for a great trading platform and solid research
| Pros | Cons |
|---|---|
| • Great trading platform | • High bond, options and futures fees |
| • Outstanding research | • High minimum deposit |
| • Broad product portfolio | • Lacks live chat and 24/7 availability |
Fees
Saxo Bank has average trading and non-trading fees overall. The fees for forex, mutual funds and stock index CFDs are low, while they are average for real stocks, ETFs or stock CFDs. Bond, options and futures fees are high.
| Pros | Cons |
|---|---|
| • Low fund fees | • Inactivity fee |
| • No withdrawal fee | • High bond, options and futures fees |
| • Transparent fee structure | |
| • Lower fees for Platinum and VIP clients |
| Saxo Bank | DEGIRO | |
|---|---|---|
| Apple benchmark fee | $20.2 | $1.4 |
| Vodafone benchmark fee | $19.7 | $5.6 |
| EURUSD benchmark fee | $15.5 | - |
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
Saxo's account opening is fully digital, user-friendly, and available in most of the world. On the other hand, the minimum deposit is high, and account verification could be faster.
| Pros | Cons |
|---|---|
| • Fully digital | • Minimum deposit is higher than $500 |
| • User-friendly | • Relatively slow account verification |
| • Available in almost every country |
| Saxo Bank | DEGIRO | |
|---|---|---|
| Minimum deposit | $600 | $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.
Deposit and withdrawal
Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| Saxo Bank | DEGIRO | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
Saxo Bank's web trading platform is one of the best among online brokers. It's easy to use, but also provides features favored by professionals, such as an advanced order panel. On the negative side, there is no two-step login.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | |
| • Good search function |
| Saxo Bank | DEGIRO | |
|---|---|---|
| Web platform score | 5.0 | 4.0 |
| Mobile platform score | 5.0 | 5.0 |
| Desktop platform score | 5.0 | - |
Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.
Markets and products
Saxo Bank's product portfolio is great. It covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where its selection could be improved.
| Saxo Bank | 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
Saxo Bank is a great broker, providing a complex and good service.
Saxo offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.
It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit. Lastly, there is no live chat or 24/7 customer support.
In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly responding to the needs of clients.
| Saxo Bank | |
|---|---|
| Summary | Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA. |
| Fees score | 3.0 |
| Recommended for | Investors and traders looking for a great trading platform and solid research |
DEGIRO alternatives
LYNX
LYNX is 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 but the 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 regulators.
Recommended for european traders looking for low stock and etf fees and a good mobile trading platform
| Pros | Cons |
|---|---|
| • Wide range of markets and products | • Deposit and withdrawal are not user-friendly |
| • Low stock and ETF trading fees | • €3,000 minimum deposit |
| • Great mobile platform | • Not user-friendly desktop platform |
Fees
LYNX has low trading fees for stocks, ETFs and funds. On the other hand, its forex fees are high and it charges an inactivity fee.
| Pros | Cons |
|---|---|
| • Low stock and ETF fees | • High forex fees |
| • Low fund fees | • Inactivity fee |
| LYNX | DEGIRO | |
|---|---|---|
| Apple benchmark fee | $10.2 | $1.4 |
| Vodafone benchmark fee | $22.1 | $5.6 |
| EURUSD benchmark fee | $21.9 | - |
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
LYNX's account opening is fully digital and user-friendly. However, there is a €3,000 minimum deposit and the account opening took us over three days.
| Pros | Cons |
|---|---|
| • Fully digital | • Slow |
| • User-friendly | • Minimum deposit is higher than $500 |
| LYNX | DEGIRO | |
|---|---|---|
| Minimum deposit | $3,300 | $0 |
| Time to open account | >3 days | 1 day |
If you are interested more in LYNX minimum deposit, this overview will help you.
Deposit and withdrawal
You can fund your account in many base currencies and there is also one free withdrawal per month. However, you can only use bank transfer and the process is not user-friendly.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | • Not user-friendly |
| • Several account base currencies | |
| • One free withdrawal per month |
| LYNX | DEGIRO | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
The LYNX web trading platform is simple and easy to use. You can execute your order via several order types and access a clear fee report. On the negative side, it lacks the two-step login, customizability, and price alerts.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | • Limited customizability (for charts, workspace) |
| • Good variety of order types | • No price alerts |
| LYNX | DEGIRO | |
|---|---|---|
| Web platform score | 3.0 | 4.0 |
| Mobile platform score | 4.0 | 5.0 |
| Desktop platform score | 3.0 | - |
Learn more about LYNX's web trading platform in the detailed LYNX review.
Markets and products
At LYNX you can trade with all the asset classes and reach many markets.
| 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 | No |
| Crypto | Yes | Yes |
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, the deposit and withdrawal options are limited. There is also a €3,000 minimum deposit and its desktop platform is quite complicated.
Feel free to try LYNX if you are a European client and prefer low stock and ETF trading fees and a good mobile trading platform.
| LYNX | |
|---|---|
| Summary | LYNX is a Dutch stockbroker established in 2006. It is regulated by the Dutch FMA. |
| Fees score | 3.0 |
| Recommended for | European traders looking for low stock and ETF fees and a good mobile trading platform |
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 |
| Interactive Brokers | US discount broker | Traders looking for 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 looking for low stock and ETF fees and a good mobile trading platform |
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