The best alternatives to DEGIRO are
- Interactive Brokers - International broker providing all asset classes
- Saxo Bank - Danish investment bank
- flatex - Germany-based stockbroker
- Comdirect - German investment bank
Let's see in a bit more detail how the DEGIRO alternatives compare to DEGIRO and each other:
| DEGIRO | Interactive Brokers | Saxo Bank | flatex | Comdirect | |
|---|---|---|---|---|---|
| Overall score | 4.9 stars | 4.9 stars | 4.8 stars | 4.3 stars | 4.2 stars |
| Fees score | 4.5 stars | 4.5 stars | 3.0 stars | 3.2 stars | 2.2 stars |
| Account opening score | 5.0 stars | 3.2 stars | 4.3 stars | 2.8 stars | 2.8 stars |
| Deposit and withdrawal score | 3.0 stars | 3.0 stars | 4.8 stars | 3.0 stars | 3.5 stars |
| Web platform score | 4.0 stars | 3.8 stars | 5.0 stars | 3.5 stars | 4.4 stars |
| Markets and products score | 3.8 stars | 5.0 stars | 5.0 stars | 4.6 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 traders and investors looking for execution only
- Interactive Brokers is recommended for traders looking for broad market access and a professional trading environment
- Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research
- flatex is recommended for investors and traders speaking german and focusing on european securities
- Comdirect is recommended for investors speaking german and focusing on european securities
Important factors of finding DEGIRO alternatives
So far BrokerChooser has reviewed 101 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
Interactive Brokers
Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1977. 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).
Given that the broker has licenses from multiple top-tier regulators, has a long track record and publicly disclosed financials while being listed on a stock exchange; it all points towards IB being a safe service provider.
Interactive Brokers recently launched a new app for global stock trading:. GlobalTrader is a simple platform where you can trade stocks and ETFs. If you are looking to trade only those two assets, GlobalTrader is the solution for you, since you will not get distracted with the other unnecessary information about other asset classes. In addition, you will have a more convenient time navigating through its simple user interface. It is also easier and quicker to create a GlobalTrader account than to create an Interactive Brokers account. Read our review of IBKR GlobalTrader
In addition, Interactive Brokers also has an app you can use for ESG investing: read our review of IMPACT by Interactive Brokers.
Recommended for traders looking for broad market access 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
|
• Understaffed customer service
|
Fees
Interactive Brokers has low trading fees and the best margin rates in the industry. For US clients, stock and ETF trading is free if they choose the Lite plan.
| Pros | Cons |
|---|---|
|
• Low trading fees
|
None |
|
• Free stock and ETF trading for US clients
|
|
|
• Low margin rates
|
|
| Interactive Brokers | DEGIRO | |
|---|---|---|
| Apple benchmark fee | $2.3 | $2.3 |
| Vodafone benchmark fee | $7.6 | $7.0 |
| EURUSD benchmark fee | $14.7 | - |
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
|
|
| 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 several account base currencies 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 free each month
|
|
| Interactive Brokers | DEGIRO | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
The Interactive Brokers web platform is simple and easy to use, even for beginners, however there are some minor but annoying glitches.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• User experience could be better
|
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| Interactive Brokers | DEGIRO | |
|---|---|---|
| Web platform score | 3.8 stars | 4.0 stars |
| Mobile platform score | 3.5 stars | 4.5 stars |
| Desktop platform score | 3.8 stars | - |
Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.
Markets and products
At Interactive Brokers, you have access to an extremely wide range of markets and all product types are available.
| Interactive Brokers | DEGIRO | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | Yes | No |
| Crypto | Yes | No |
Verdict
Interactive Brokers is one of the biggest US-based lowest spread brokers, regulated by several top-tier regulators globally. We recommend this broker both for advanced traders and for everyday investors who want to have access to many stock markets.
On the plus side, IB offers very low fees, a vast range of markets and products, and diverse research tools.
There are some drawbacks, however. We weren't satisfied with the quality of the customer service and the account opening process is complicated. Unlike the web and mobile platforms, 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 is 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 | 4.5 stars |
| Recommended for | Traders looking for broad market access and a professional trading environment |
DEGIRO alternatives
Saxo Bank
Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK's Financial Conduct Authority (FCA).
Saxo Bank is a global service provider and as such it operates a number of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Markets UK.
Being regulated by top-tier financial authorities, having a long track record and a banking background are all good signs for Saxo Bank's safety.
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 overall average trading and non-trading fees, but the structure is quite mixed, with great differences between the fees for various asset classes.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Inactivity fee
|
|
• Low fund fees
|
• Custody fee
|
|
• No withdrawal fee
|
• High fees for options and futures
|
| Saxo Bank | DEGIRO | |
|---|---|---|
| Apple benchmark fee | $20.3 | $2.3 |
| Vodafone benchmark fee | $18.9 | $7.0 |
| EURUSD benchmark fee | $14.6 | - |
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
Saxo's account opening is fully digital, user-friendly and available in most countries. However, the minimum deposit is high in certain countries (can be $2,000).
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Minimum deposit is high in certain countries
|
|
• User-friendly
|
|
|
• Available in almost every country
|
|
| Saxo Bank | DEGIRO | |
|---|---|---|
| Minimum deposit | $2,000 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in Saxo Bank minimum deposit, this overview will help you.
Deposit and withdrawal
Saxo Bank provides multiple deposit and withdrawal options free of charge, on a user-friendly interface.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Electronic wallets not available
|
|
• 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 on the market. Easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.
| Pros | Cons |
|---|---|
|
• User-friendly
|
None |
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| Saxo Bank | DEGIRO | |
|---|---|---|
| Web platform score | 5.0 stars | 4.0 stars |
| Mobile platform score | 5.0 stars | 4.5 stars |
| Desktop platform score | 5.0 stars | - |
Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.
Markets and products
Saxo Bank's product portfolio covers all asset classes and a lot of markets globally. Mutual funds are the only area where the selection could be improved.
| Saxo Bank | DEGIRO | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | Yes | No |
| Crypto | Yes | No |
Verdict
Saxo Bank is a great broker that provides a complex and good service.
It 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 for certain countries. 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 adapted to the needs of clients.
| Saxo Bank | |
|---|---|
| Summary | Saxo Bank is a Danish investment bank. It is regulated by several top-tier financial authorities globally, including the UK regulator called FCA (Financial Conduct Authority). |
| Fees score | 3.0 stars |
| Recommended for | Investors and traders looking for a great trading platform and solid research |
DEGIRO alternatives
flatex
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
| Pros | Cons |
|---|---|
|
• Low stock, ETF, fund and bond fees
|
• High forex fees
|
|
• Strong company background
|
• Complicated account opening for non-German residents
|
|
• Great educational tools
|
• Only bank transfer available for deposits and withdrawals
|
Fees
flatex has favorable pricing for trading stocks, ETFs, mutual funds and bonds. On the negative side, forex fees are high.
| Pros | Cons |
|---|---|
|
• Low non-trading fees
|
• High forex fees
|
|
• Low stock and ETF fees
|
|
|
• Low fund fees
|
|
| flatex | DEGIRO | |
|---|---|---|
| Apple benchmark fee | $12.0 | $2.3 |
| Vodafone benchmark fee | - | $7.0 |
| EURUSD benchmark fee | $24.6 | - |
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 flatex is easy and fully digital for German and Austrian residents, but complicated and long for other clients.
| Pros | Cons |
|---|---|
|
• No minimum deposit
|
• Slow
|
|
• Fully digital account opening for German/Austrian clients
|
• Not fully digital
|
|
|
• Not user-friendly
|
| flatex | DEGIRO | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | >3 days | 1 day |
If you are interested more in flatex minimum deposit, this overview will help you.
Deposit and withdrawal
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.
| Pros | Cons |
|---|---|
|
• Free withdrawal
|
• Credit/Debit card not available
|
|
• No deposit fee
|
• Slow withdrawal - over 3 days
|
|
• User-friendly
|
|
| flatex | DEGIRO | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
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.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• No clear fee report available
|
|
• Two-step (safer) login
|
• Limited customizability (for charts, workspace)
|
|
• Good search function
|
• No price alerts
|
| flatex | DEGIRO | |
|---|---|---|
| Web platform score | 3.5 stars | 4.0 stars |
| Mobile platform score | 4.2 stars | 4.5 stars |
| Desktop platform score | 2.8 stars | - |
Learn more about flatex's web trading platform in the detailed flatex review.
Markets and products
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.
| flatex | DEGIRO | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | No | Yes |
| Futures | No | Yes |
| CFDs | No | No |
| Crypto | Yes | No |
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.
| flatex | |
|---|---|
| Summary | Flatex is a German broker regulated by top-tier authorities such as the German BaFin. In addition, flatex is listed on Stuttgart Stock Exchange and has a banking background. |
| Fees score | 3.2 stars |
| Recommended for | Investors and traders speaking German and focusing on European securities |
DEGIRO alternatives
Comdirect
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
| Pros | Cons |
|---|---|
|
• Extensive range of products and exchanges
|
• High fees
|
|
• Great mobile platform
|
• Complicated account opening for non-German/Austrian residents
|
|
• Rock-solid background
|
• Slow phone support and no live chat
|
Fees
Comdirect's trading fees are high for all asset classes except bonds, ETFs and stocks. As a plus, non-trading fees are low, there is no withdrawal fee and an inactivity fee is charged only after 3 years.
| Pros | Cons |
|---|---|
|
• No withdrawal fee
|
• High trading fees
|
|
• Low inactivity fee
|
• High forex fees
|
| Comdirect | DEGIRO | |
|---|---|---|
| Apple benchmark fee | $25.9 | $2.3 |
| Vodafone benchmark fee | $26.4 | $7.0 |
| EURUSD benchmark fee | $26.7 | - |
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 is easy and fully digital for German and Austrian residents, but is complicated and slow for others.
| Pros | Cons |
|---|---|
|
• No minimum deposit
|
• Slow
|
|
• Fully digital account opening for German/Austrian residents
|
• Not fully digital
|
|
|
• Complicated account opening for non-German/Austrian residents
|
| Comdirect | DEGIRO | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | >3 days | 1 day |
If you are interested more in Comdirect minimum deposit, this overview will help you.
Deposit and withdrawal
Deposits and withdrawals are free of charge, but only bank transfer is available as a method.
| Pros | Cons |
|---|---|
|
• Free withdrawal
|
• Credit/Debit card not available
|
|
• No deposit fee
|
• Slow withdrawal - over 3 days
|
|
• Several account base currencies
|
|
| Comdirect | DEGIRO | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
Comdirect's web platform is well-designed and easy to use. It has great customization options but lacks price alerts.
| Pros | Cons |
|---|---|
|
• User-friendly
|
• No price alerts
|
|
• Clear fee report
|
|
|
• Two-step (safer) login
|
|
| Comdirect | DEGIRO | |
|---|---|---|
| Web platform score | 4.4 stars | 4.0 stars |
| Mobile platform score | 4.7 stars | 4.5 stars |
| Desktop platform score | 3.5 stars | - |
Learn more about Comdirect's web trading platform in the detailed Comdirect review.
Markets and products
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.
| Comdirect | DEGIRO | |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| Funds | Yes | Yes |
| Bonds | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFDs | No | No |
| Crypto | Yes | No |
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.
| Comdirect | |
|---|---|
| Summary | Comdirect is a German investment bank offering online banking and brokerage services. |
| Fees score | 2.2 stars |
| Recommended for | Investors speaking German and focusing on European securities |
DEGIRO alternatives
DEGIRO
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.
Check out our DEGIRO review tailored to the needs of beginner investors and traders.
DEGIRO is regulated by top-tier financial authorities such as the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, or BaFin) in Germany.
Disclaimer: Investing involves risk of loss.
Disclaimer for UK clients: Deemed authorised and regulated by the Financial Conduct Authority (FCA). The nature and extent of consumer protections may differ from those applicable to 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 FCA's website.
Recommended for traders and investors looking for execution only
| Pros | Cons |
|---|---|
|
• One of the lowest fees on the market
|
• Forex not available
|
|
• Regulated by top-tier authorities
|
• Limited research tools
|
|
• Easy-to-use web and mobile platform
|
• No credit/debit card deposit
|
Fees
DEGIRO has low trading fees for all asset classes. Non-trading fees are also low, as there are no inactivity or withdrawal fees. On the negative side, trading US options or futures will come with a €5 monthly fee. If you need currency conversion, a 0.25% fee will apply.
| Pros | Cons |
|---|---|
|
• Low fund fees
|
• €5 monthly fee for trading US derivatives (options and futures)
|
|
• No inactivity fee
|
• 0.25% FX conversion fee
|
|
• Low stock and ETF fees
|
|
| DEGIRO | Interactive Brokers | Saxo Bank | flatex | Comdirect | |
|---|---|---|---|---|---|
| US stock | $1.0 | $1.0 | $10.0 | $5.8 | $12.8 |
| UK stock | $3.1 | $3.4 | $9.0 | - | $12.8 |
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 | Interactive Brokers | Saxo Bank | flatex | Comdirect | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $2,000 | $0 | $0 |
| Time to open account | 1 day | 1-3 days | 1 day | >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. A big drawback though is that you can't 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 | Interactive Brokers | Saxo Bank | flatex | Comdirect | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | No | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Web trading platform
DEGIRO's web platform is very basic and easy to use, even for beginners. On the negative side, you can't 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 | flatex | Comdirect | |
|---|---|---|---|---|---|
| Web platform score | 4.0 stars | 3.8 stars | 5.0 stars | 3.5 stars | 4.4 stars |
| Mobile platform score | 4.5 stars | 3.5 stars | 5.0 stars | 4.2 stars | 4.7 stars |
| Desktop platform score | - | 3.8 stars | 5.0 stars | 2.8 stars | 3.5 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. CFDs and forex are not available, though.
| DEGIRO | Interactive Brokers | Saxo Bank | flatex | Comdirect | |
|---|---|---|---|---|---|
| Stocks | Yes | Yes | Yes | Yes | Yes |
| ETFs | Yes | Yes | Yes | Yes | Yes |
| Forex | No | Yes | Yes | Yes | Yes |
| Funds | Yes | Yes | Yes | Yes | Yes |
| Bonds | Yes | Yes | Yes | Yes | Yes |
| Options | Yes | Yes | Yes | No | Yes |
| Futures | Yes | Yes | Yes | No | Yes |
| CFDs | No | Yes | Yes | No | No |
| Crypto | No | 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.
Transaction costs are generally very low. In addition, the account opening process is fast.
On the other hand, as DEGIRO is an execution-only broker, its research tools are limited. We should also mention that it offers 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 discount broker that merged with flatexDEGIRO Bank AG and is supervised by the German financial regulator. |
| Fees score | 4.5 stars |
| Recommended for | Traders and investors looking for execution only |
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 | German-Dutch discount broker | Traders and investors looking for execution only |
| Interactive Brokers | International broker providing all asset classes | Traders looking for broad market access and a professional trading environment |
| Saxo Bank | Danish investment bank | Investors and traders looking for a great trading platform and solid research |
| flatex | Germany-based stockbroker | Investors and traders speaking German and focusing on European securities |
| Comdirect | German investment bank | Investors speaking German and focusing on European securities |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
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