DEGIRO vs Freetrade compared

Online brokers compared for fees, trading platforms, safety and more. See how DEGIRO stacks up against Freetrade!

DEGIRO
Freetrade

Last update of dataNov 2022

DEGIRO

DEGIRO is a discount broker that merged with flatexDEGIRO Bank AG and is supervised by the German financial regulator.

Recommended for traders and investors looking for execution only.

Freetrade

Freetrade is a UK fintech startup offering a wide selection of commission-free stocks. Freetrade is regulated by the FCA.

Recommended for long-term investors on the hunt for low fees and focusing on the UK and US markets.

DEGIRO's service is on par with Freetrade's and a comparison of their fees shows that DEGIRO's fees are similar to Freetrade's.

Account opening takes about the same effort at DEGIRO compared to Freetrade, deposit and withdrawal processes are somewhat more complicated at DEGIRO, while customer service quality is somewhat lower than Freetrade's.

Our experts rated the trading platform of DEGIRO as somewhat better than the platform of Freetrade, found that clients have access to more markets and products with DEGIRO, while Freetrade provides much less useful research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.9

Recommended for Traders and investors looking for execution only

Best discount broker

Overall Score
4.7

Recommended for Long-term investors on the hunt for low fees and focusing on the UK and US markets

Best broker for beginners

Country of origin

Netherlands

Country of origin

UK

Fees

Fees score
4.5
Fees score
4.7
Fees summary

Low trading and non-trading fees, one free ETF trading per month

Fees summary

Low trading and non-trading fees, low stock and ETF fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
3.0
Deposit and withdrawal score
4.0
Number of base currencies

9

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1 day

Required documents

Proof of identity: ID / passport Proof of residency: bank statement / utility bill

Required documents
*

Proof of identity: passport / driver's license Proof of residency: bank statement / utility bill

*

Trading platform

Web platform score
4.0
Web platform score
-
Mobile platform score
4.5
Mobile platform score
4.7
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
3.8
Markets and products score
2.1
Stocks
Stocks
Fractional shares
Fractional shares
*
*
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
CFDs
CFDs

Research, education

Research score
2.5
Research score
0.0
Charting quality

Great

Charting quality

Poor

Education score
3.0
Education score
3.0
Demo account
Demo account

Customer service

Customer service score
4.4
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

€20,000 for securites (+all cash held on the DEGIRO Cash Account up to €100,000)

Investor protection amount

£85,000

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2008

Foundation date

2016

Country of regulation

Germany

Country of regulation

UK

DEGIRO

For detailed information and hands-on experience, read our review of this broker.

Freetrade

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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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