DEGIRO Logo

DEGIRO Review 2024

Written by
Adam N.
Fact checked by
Updated
16h ago
Regulated and trusted. Tested via live trading.
14,878 people chose this broker
Not available in United States; see best alternatives

Why choose DEGIRO

DEGIRO is an excellent choice for investors of all experience levels who want to build a long-term portfolio of global ETFs and stocks. I found the trading platforms easy to use, and liked that I could buy popular ETFs at virtually no cost once every month - a great feature if all you want to do is invest your monthly savings. DEGIRO isn’t of much use for short-term traders, though, as its platforms lack sophisticated charts and derivatives trading fees are high.

  • One of the lowest fees on the market
  • Regulated by top-tier authorities
  • Easy-to-use web and mobile platform
Overall score
4.6/5
Minimum deposit
$0
Stock fee
Low
Options fee
Low
Inactivity fee
no
Account opening
1 day

Not sure if this is the right broker for you? See the best ones.

See how the best brokers in the United States compare to DEGIRO

US stock fee
Estimated commission of a $2,000 trade, assuming a $50 stock price

Fees

Score: 4.5/5
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 carries a fee, as does currency conversion.
  • Low fund fees
  • No inactivity fee
  • Low stock and ETF fees

We compared DEGIRO's fees with two similar brokers we selected, Interactive Brokers and Saxo. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of DEGIRO alternatives.

Low stock and ETF commission

DEGIRO US stock fees are about half of the industry average. US stock fees are calculated as follows: €2 per trade (€1 commission plus a €1 handling fee)

Broker
US stock
DEGIRO
$2.2
Interactive Brokers
$1.0
Saxo
$1.6
DEGIRO stock and ETF commission

DEGIRO charges a $1 commission and a $1 trade handling fee if you trade on US and Canadian stock exchanges.
There's a number of ETFs called ETF Core Selection, which can be traded commission-free once a month with only a €1 handling fee per transaction. Additional transactions for the same ETF product within the same month may also be commission-free, as long as they are the same type of transaction (i.e. buy or sell) as the first one, and the trade is at least $/€1,000.

Low margin rates

DEGIRO USD margin rate fees are lower than the industry average. USD margin rate fees are calculated as follows: Unallocated debit rate (USD) is 6.9%

Broker
USD margin rate
DEGIRO
6.9%
Interactive Brokers
6.8%
Saxo
-
DEGIRO annual margin rates

Low options commission

DEGIRO US stock index options fees are lower than the industry average. US stock index options fees are calculated as follows: $0.75 per contract

Broker
US stock index options
DEGIRO
$7.5
Interactive Brokers
$6.5
Saxo
$20.0
DEGIRO stock index options commission

DEGIRO charges a connectivity fee of €5 per calendar month for using US stock index options markets. This fee will be charged for trading and holding positions on these markets, irrespective of the number and size of transactions.

Unlike some brokers, DEGIRO has a charge for the exercise/assignment/cash settlement of options, although it is only €1 per contract.

No inactivity fee, no withdrawal fee

There is no account fee, inactivity fee, withdrawal fee, deposit fee or custody fee (with the exception of a service fee for mutual funds, levied monthly).

Broker
Inactivity fee
Withdrawal fee
DEGIRO
$0
Interactive Brokers
$0
Saxo
$0
DEGIRO inactivity, withdrawal and other fees

On the downside, there is an unusual fee category called the "Exchange Connectivity Fee". This is charged for trading outside of your home market.

You will pay a maximum of €2.50 per calendar year for each stock exchange you used with the exception of your home market. For example, as a UK investor, you wouldn't have to pay for using the London Stock Exchange. However, an investor from Germany or France would need to pay €2.50 each year if they used the London Stock Exchange and another €2.50 for using the Stockholm Stock Exchange, etc. These charges will be applied if you carry out a transaction or hold a position on the specific exchange during the calendar year.

In addition, the connectivity fee for US options markets is €5 per exchange per calendar month, so this would add up to €60 per year if you were to trade on one of these markets every month. The same is true for US futures markets.

If your account currency differs from the currency of the asset you want to buy, DEGIRO charges a currency conversion fee of 0.25% of the transaction value (above the current spot rate).

Your account is by default set to "auto FX" meaning DEGIRO will simply do the conversion automatically when you buy or sell an asset. For example, if you have a GBP account and you sell a stock denominated in EUR, you won't end up with a EUR balance, because it will be automatically converted back to your base currency (GBP in this case).

It is possible to initiate a manual currency conversion but it costs more: €10 + 0.25% of the transaction value.

Other commissions and fees

Low mutual fund commission: trading mutual funds involves the following charges - €3.9 and 0.2% annual administration fee.

Low futures fees: US index futures fees are as follows - $0.75 per contract.

Low bond commission: EU government bonds come with the following charges - €3 (€2.00 fee + a €1 handling fee).

Broker
Mutual fund
US micro e-mini stock index futures
DEGIRO
$4.2
$7.5
Interactive Brokers
$15.0
$2.5
Saxo
$0.0
$30.0
Misc. fees compared with other brokers

Regulation

DEGIRO is a licensed investment firm regulated by top-tier financial authorities, and also has a strong banking background.
  • Banking background
  • Top-tier financial regulator
Read more

Deposit and withdrawal

Score: 2.6/5
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.
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Read more

Account opening

Score: 5/5
The account opening process at DEGIRO is fast, fully digital, and no minimum deposit is required.
  • Fast
  • Fully digital
  • No minimum deposit
Read more

Mobile app

Score: 4.5/5
DEGIRO's mobile app has a basic but good design and is pretty straightforward to use.
  • User-friendly
  • Two-step (safer) login
  • Touch/Face ID login
Read more

Web trading platform

Score: 4/5
DEGIRO's web platform is very basic and easy to use, even for beginners. On the negative side, you can't set price alerts.
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
Read more

Product selection

Score: 3.6/5
At DEGIRO, you can access many markets and trade a lot of different products. CFDs and forex are not available, though.
Read more
“DEGIRO is one of the best and cheapest brokers for stock trading. I found it quite easy to open an account, and there’s no need to make an initial deposit. DEGIRO’s user interface is well-designed and user-friendly, which is why I usually recommend it to my friends when they start investing in equities. I really liked that you can view the exact costs of a trade before you place an order - so no nasty surprises at the end of the month! Plus, there’s no inactivity fee, so no need to worry if you trade only once or twice a year.”

FAQ

Read more
Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

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.

author image
Adam Nasli
Author of this review
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
Media mentions
×
I'd like to trade with...