Is DEGIRO really free?

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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DEGIRO fees
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 $0.004 per share + €0.5
EURUSD fee - Not available
US mutual fund fees Low 0.1% + €7.5 and 0.2% annual administration fee
Inactivity fee Low No inactivity fee

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DEGIRO fees
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, Comdirect and LYNX.

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DEGIRO fees
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 Comdirect LYNX
US stock $0.7 $15.5 $5.0
UK stock $2.6 $15.5 $11.7
German stock $5.8 $11.9 $7.2

Fund fees

DEGIRO fund fees are low.

Fees of a $2,000 fund purchase
DEGIRO Comdirect LYNX
Mutual fund $11.1 $20.0 $7.2
EU mutual fund $10.3 $20.0 $6.6

Bond fees

DEGIRO has low bond fees.

Fees of a $10,000 bond trade
DEGIRO Comdirect LYNX
US Treasury bond - $34.5 $10.0
EU government bond $11.0 $30.9 $16.8

Options fees

DEGIRO's options fees are low.

Options fees for 10 contracts
DEGIRO Comdirect LYNX
US stock options - - $24.0
US stock index options $5.0 - $24.0
UK stock index options - - $45.5
German stock index options $10.8 $54.0 $21.0

Futures fees

DEGIRO's futures fees are low.

Stock index futures fees for 10 contracts
DEGIRO Comdirect LYNX
US micro e-mini stock index futures $5.0 - $12.5
UK stock index futures $0.0 - $26.0
German e-mini stock index futures $9.0 $54.0 $12.0

Margin rates

DEGIRO margin rates are low.

DEGIRO margin rates
DEGIRO Comdirect LYNX
USD margin rate 1.3% - 3.6%
EUR margin rate 0.8% 4.0% 3.5%

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DEGIRO fees
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 Comdirect LYNX
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No Yes
Account fee No No No

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DEGIRO fees
DEGIRO deposit fee

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

DEGIRO deposit methods
DEGIRO Comdirect LYNX
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets Yes No No
Deposit fee $0 $0 $0

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DEGIRO fees
DEGIRO withdrawal fee

DEGIRO generally doesn't charge a withdrawal fee.

DEGIRO withdrawal fees and options compared
DEGIRO Comdirect LYNX
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets Yes No No
Withdrawal fee for bank transfer $0 $0 $0

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DEGIRO fees
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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Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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