DEGIRO fees explained

Mar 2019
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Overview of DEGIRO fees and charges

DEGIRO logo

It's safe to say that DEGIRO's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use DEGIRO even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of DEGIRO's fees

DEGIRO Fees snapshot
AssetsFee levelFee terms
US stock feeLow$0.004 per share + €0.5
EURUSD fee-Not available
US tech fund feeLow0,1% + €7,5 and 0.2% yearly administration fee
Inactivity feeLowNo inactivity fee

DEGIRO fees
DEGIRO fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare DEGIRO fees with its closest competitors, Interactive Brokers and Saxo Bank.

DEGIRO fees
DEGIRO trading fees

DEGIRO's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at DEGIRO.

Trading fees

DEGIRO's trading fees are low.

Stock fees and ETF fees

DEGIRO has low stock trading fees.

Stock fees of a $2,000 trade
DEGIROInteractive BrokersSaxo Bank
USA$0.6$1.0$9.9
UK $5.4$8.7$7.2
Germany$5.7$4.6$11.4

Fund fees

DEGIRO fund fees are low.

A $2,000 fund buy fees
DEGIROInteractive BrokersSaxo Bank
USA tech fund buy$10.6$15.0-
Europe stock fund buy$10.6$4.6-

Bond fees

DEGIRO has low bond fees.

Bond fees of a $10,000 trade
DEGIROInteractive BrokersSaxo Bank
USA-$5.0$91.2
Europe$11.5$10.0$91.2

Options fees

DEGIRO's options fees are low.

Stock index options fees of 10 contracts
DEGIROInteractive BrokersSaxo Bank
USA$6.5$7.0$60.0
UK-$24.7$72.5
Germany$10.3$19.4$68.4

Futures fees

DEGIRO's futures fees are low.

Stock index futures fee of 10 contracts
DEGIROInteractive BrokersSaxo Bank
USA$6.5$8.5$60.0
UK$30.2$24.7$72.5
Germany$10.3$22.8$68.4

CFD fees

DEGIRO has low CFD trading fees.

CFD fees, commission of a $2,000 trade
DEGIROInteractive BrokersSaxo Bank
USA $0.7$1.0$10.0
UK$5.7$4.4$11.6
Germany$5.7$3.4$11.4

Crypto fees

Financing rates

DEGIRO financing rates are low.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

DEGIRO yearly financing rates
DEGIROInteractive BrokersSaxo Bank
Apple financing rate4.3%5.8%7.1%
Vodafone financing rate2.5%3.9%5.3%
EURUSD financing rate-4.9%15.5%
EURGBP financing rate-3.3%6.7%

DEGIRO fees
DEGIRO non-trading fees

When it comes to looking at all the non-trading fees DEGIRO is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at DEGIRO that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how DEGIRO stacks up in non-trading fees
DEGIROInteractive BrokersSaxo Bank
Withdrawal fee$0$0$0
Deposit fee000
Inactivity feeNoYesYes
Account feeNoNoNo

DEGIRO fees
DEGIRO deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and DEGIRO is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods DEGIRO offers.

DEGIRO deposit methods
DEGIROInteractive BrokersSaxo Bank
Bank transferYesYesYes
Credit/Debit cardNoNoYes
Electronic walletsYesNoNo
Deposit fee000

DEGIRO fees
DEGIRO withdrawal fee

Unlike the majority of the online brokers we have reviewed DEGIRO does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

DEGIRO withdrawal fees and options compared
DEGIROInteractive BrokersSaxo Bank
Bank transferYesYesYes
Credit/Debit cardNoNoYes
Electronic walletsYesNoNo
Withdrawal fee$0$0$0

DEGIRO fees
DEGIRO inactivity fee

DEGIRO does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

AUTHOR

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager
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