Is DEGIRO free?

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Is DEGIRO free as of September 2024?

DEGIRO does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with DEGIRO though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.

We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).

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Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at DEGIRO. To check and compare fees at other brokers, go to our main Fee calculator page.

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DEGIRO

4.7/5

Minimum deposit

Stock fee

Low

Options fee

Low

Inactivity fee

Account opening

1 day

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Overview of DEGIRO fees and charges

It's safe to say that DEGIRO's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.

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

DEGIRO Fees snapshot
Assets	Fee level	Fee terms
US stock fee	Low	€2 per trade (€1 commission plus a €1 handling fee)
EURUSD fee	-	FX not available
US mutual fund fees	Low	€3.9 and 0.2% annual administration fee
Inactivity fee	Low	No inactivity fee

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DEGIRO fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because 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 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.

A commission is either fixed or based on the traded volume.
A spread is the difference between the buy price and the sell price.
A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.

Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

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

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DEGIRO trading fees

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

Let's break down trading fees according to 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
	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers	Saxo Saxo
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$2.2 €2 per trade (€1 commission plus a €1 handling fee)	$1.0 Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.	$1.6 0.08% of trade value with $1 minimum, but using VIP pricing the commission can be as low as 0.03% of trade value with $1 minimum
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	$3.4 £2.75 per trade (£1.75 commission plus a £1 handling fee)	$3.8 Fixed £3 for trade value less than £6,000, 0.05% of trade value for more than £6,000	$3.8 0.08% of trade value with £3 min., but using VIP pricing the commission can be as low as 0.03% of trade value with £3 min.
German stock Estimated commission of a $2,000 trade	$5.3 €4.90 per trade (€3.90 commission plus a €1 handling fee)	$3.2 Fixed €3 for trade value less than €6,000, 0.05% of trade value for more than €6,000	$3.2 0.08% of trade value with €3 min., but using VIP pricing the commission can be as low as 0.03% of trade value with €3 min.

Data updated on September 23, 2024

Fund fees

DEGIRO fund fees are low.

Fees of a $2,000 fund purchase
	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers	Saxo Saxo
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$4.2 €3.9 and 0.2% annual administration fee	$15.0 $14.95 per transaction or 3% of trade value, whichever is lower. There are also more than 18,000 funds with no transaction fee	$0.0 Mutual funds are available only in certain countries. The broker doesn't charge any fee for mutual fund trading.
EU mutual fund Subscription fee of a $2,000 face value European stock fund	$10.3 0.1% + €7.5 and 0.2% yearly administration fee	$4.4 0.1% of trade value with €4 min and €29 max	- Not available

Data updated on September 23, 2024

Bond fees

DEGIRO has low bond fees.

Fees of a $10,000 bond trade
	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers	Saxo Saxo
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	- Not available	$5.0 For the first $1,000,000 face value: 0.002% of trade value with $5 min.	$21.6 0.2% of trade value with €20 min, but with VIP pricing it can be as low as 0.05% of trade value and min €20
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	$3.2 €3 (€2.00 fee + a €1 handling fee)	$10.0 Below €50,000 face value: 0.1% of trade value with €2 min	$21.6 0.2% of trade value with €20 min, but with VIP pricing it can be as low as 0.05% of trade value and min €20

Data updated on September 23, 2024

Options fees

DEGIRO's options fees are low.

Options fees for 10 contracts
	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers	Saxo Saxo
US stock options Estimated commission for opening 10 contracts	- Not available	$6.5 Less than 10,000 contracts per month and for a 10 contract trade: $0.65 per contract with a $1 minimum fee	$20.0 $2 per contract, but using VIP pricing it can be $0.75 per contract
US stock index options Estimated commission for 10 contracts	$7.5 $0.75 per contract	$6.5 Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min	$20.0 $2 per contract, but using VIP pricing it can be $0.75 per contract
UK stock index options Estimated commission for 10 contracts	- Not available	$21.3 £1.7 per contract with £1.7 min	$37.5 £3 per contract, but using VIP pricing it can be £1 per contract
German stock index options Estimated commission for 10 contracts	$9.7 €0.75 per contract	$18.4 €1.7 per contract with €1.7 min	$8.1 €0.75 per contract FOR all accounts

Data updated on September 23, 2024

Futures fees

DEGIRO's futures fees are low.

Stock index futures fees for 10 contracts
	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers	Saxo Saxo
US micro e-mini stock index futures Estimated commission for 10 contracts	$7.5 $0.75 per contract	$2.5 $0.25 per contract	$30.0 $3 per contract, but using VIP pricing it can be as low as $1 per contract
UK stock index futures Estimated commission for 10 contracts	- Not available	$21.3 £1.7 per contract with £1.7 min	$37.5 £3 per contract, but using VIP pricing it can be as low as £1 per contract
German e-mini stock index futures Estimated commission for 10 contracts	$8.1 €0.75 per contract	$8.6 €0.80 per contract with €0.80 min	$43.2 €3 per contract, but using VIP pricing it can be as low as €1 per contract

Data updated on September 23, 2024

Currency conversion fee

DEGIRO will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Auto FX conversion is 0.25% mark-up, manual conversion is 10.00€ + 0.25% of the amount converted.

Margin rates

DEGIRO margin rates are low.

DEGIRO margin rates
	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers	Saxo Saxo
USD margin rate	6.9% Unallocated debit rate (USD) is 6.9%	6.3% Tiered margin rate. Lowest tier has a rate of 6.33% at IBKR PRO (7.33% at IBKR Lite)	- Margin stock trading is not available to most clients. Clients from Hong Kong can use margin lending.
EUR margin rate	6.9% Unallocated debit rate (EUR) is 6.9%	5.5% Tiered margin rate. Lowest tier has a rate of 5.483% at IBKR PRO (6.483% at IBKR Lite)	- Margin stock trading is not available to most clients. Clients from Hong Kong can use margin lending.

Data updated on September 23, 2024

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DEGIRO non-trading fees

When it comes to non-trading fees, DEGIRO is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at DEGIRO that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how DEGIRO stacks up in terms of non-trading fees
	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers	Saxo Saxo
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal	$0 One free per month, after that $10	$0 Free withdrawal
Deposit fee	$0 Free deposit	$0 Free deposit	$0 Free deposit
Inactivity fee Fee applied if a customer does not trade for a certain length of time	No No inactivity fee	No No inactivity fee	No No inactivity fee
Account fee Monthly account fee	No No account fee	No No account fee	No No account fee

Data updated on September 23, 2024

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DEGIRO

4.7/5

Minimum deposit

Stock fee

Low

Options fee

Low

Inactivity fee

Account opening

1 day

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DEGIRO deposit fee

Usually, brokers don't charge anything for deposits, and DEGIRO is no different.

DEGIRO deposit methods
	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers	Saxo Saxo
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	No	No IBKR debit cards are available for US customers	Yes Not available to CEE clients
Electronic wallets Electronic wallets are available for deposit	No	No	No
Deposit fee	$0 Free deposit	$0 Free deposit	$0 Free deposit

Data updated on September 23, 2024

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DEGIRO withdrawal fee

DEGIRO generally doesn't charge a withdrawal fee.

DEGIRO withdrawal fees and options compared
	DEGIRO DEGIRO	Interactive Brokers Interactive Brokers	Saxo Saxo
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	No	No IBKR debit cards are available for US customers	Yes Not available to CEE clients
Electronic wallets Electronic wallets are available for deposit	No	No	No
Withdrawal fee for bank transfer Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal	$0 One free per month, after that $10	$0 Free withdrawal

Data updated on September 23, 2024

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DEGIRO inactivity fee

DEGIRO does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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