DEGIRO vs. Interactive Brokers: Broker Comparison and Recommendations
At Wealthy Forever, we focus on providing our readers with the best tools to reach financial freedom. In this comparison, we explore the two leading brokerage platforms—DEGIRO and Interactive Brokers (IBKR). Both offer competitive fees, global market access, and tools for passive investors, but they have key differences that might make one a better fit for your investment style.
Quick Overview
| Feature | DEGIRO | Interactive Brokers (IBKR) |
|---|---|---|
| Market Availability | 50+ Exchanges, European Focus | 135+ Markets in 33 Countries |
| Fees | Ultra-low fees, no custody fees | Low, especially for high-volume traders |
| Fractional Shares | ❌ Not Available | ✅ Available |
| Recurring Investments | ❌ Not Available | ✅ Available |
| Base Currencies Supported | Multiple (EUR, GBP, CHF, SEK, etc.) | Wide Range (EUR, USD, JPY, GBP, etc.) |
| Global ETFs | ✅ Available, Focused on European Markets | ✅ Extensive Selection Globally |
Market Availability: Interactive Brokers vs. DEGIRO
Interactive Brokers (IBKR): A Global Powerhouse
IBKR offers access to over 135 markets in 33 countries, allowing investors to trade a vast range of securities worldwide. Whether you’re interested in U.S. stocks or ETFs on European or Asian exchanges, IBKR has you covered. It also supports multiple base currencies, which makes it ideal for international investors.
DEGIRO: A European-Focused Platform
DEGIRO offers access to 50+ exchanges but focuses primarily on the European market. It is highly favored for its low-cost access to European ETFs and stocks. However, DEGIRO's availability is limited to certain countries within Europe United Kingdom France Germany Netherlands Portugal Greece Spain Switzerland Finland Ireland Italy Denmark Poland Czech Republic Sweden. But for Sweden users are not able to open new ISK accounts. So its not recommended for them.
DEGIRO: Key Features
Ultra-Low Fees: DEGIRO offers some of the lowest fees, especially for ETFs, with no custody fees and minimal transaction costs.
Broad Market Access: Investors can access 50+ global exchanges, focusing heavily on European markets.
No Custody Fees: DEGIRO does not charge any fees for holding your investments, making it more cost-effective.
Base Currency Options: DEGIRO supports a variety of base currencies (EUR, GBP, SEK, and others), making it easy for European investors to avoid currency conversion fees.
Interactive Brokers: Key Features
Global Market Access: IBKR offers the broadest global reach, covering 135+ markets across 33 countries, allowing you to invest in virtually any security.
Low Fees: IBKR's tiered pricing is often cheaper for smaller trades. It offers low commission rates, especially for high-volume traders.
Fractional Shares: Unlike DEGIRO, IBKR supports fractional shares, making it easier to diversify small portfolios.
Recurring Investments: Automate your investments with IBKR’s recurring investment feature, ideal for passive investors.
Which Broker Should You Choose?
Choose DEGIRO if: You are primarily focused on minimizing costs and investing in low-cost ETFs. DEGIRO is ideal for beginners or those who prefer a simple, straightforward platform with ultra-low fees.
Choose Interactive Brokers if: You require access to a broader range of markets and a platform that supports more sophisticated financial management. IBKR is ideal for experienced investors or those planning to manage larger portfolios.
Get Started Today
Whether you decide on DEGIRO for its simplicity and low fees or Interactive Brokers for its comprehensive features and global reach, you’ll be well-equipped to start investing smartly. Open an account with one of these preferred partners today and take control of your financial future.
Still undecided? Check out our full reviews of both platforms: DEGIRO Review and Interactive Brokers Review.
Disclaimer: The information provided on this website is for educational and informational purposes only and does not constitute financial advice. Investing in financial markets involves risk, including the potential loss of principal. Past performance is not indicative of future results. We recommend consulting with a qualified financial advisor before making any investment decisions. Wealthy Forever is not responsible for any investment decisions made based on the information provided here.
We encourage you to conduct your own research and consider your personal financial situation when making investment decisions.