DEGIRO alternatives (2024): what are the best options?
Are you looking for an alternative to DEGIRO? Then you’ve come to the right place! In this article, I will list solid alternatives to the DEGIRO broker.
Why switch to an alternative?
- Trading restrictions: DEGIRO imposed trading restrictions on the GameStop stock during the pandemic.
- Underperforming: DEGIRO was unable to provide high-quality service during the COVID-19 pandemic.
- Regulatory issues: DEGIRO was recently reprimanded by the AFM for not having their affairs in order.
What are alternatives to DEGIRO?
| Brokers | Benefits | Register |
|---|---|---|
 | Buy without commissions. Your capital is at risk. Other fees may apply. | |
 | Speculate with CFD's on increasing & decreasing prices of ! 82% of retail CFD accounts lose money. | |
 | Benefit from low fees, an innovative platform & high security! | |
 | Speculate on price increases and decreases of with a free demo! |
eToro as an alternative to DEGIRO
eToro can be an attractive alternative to DEGIRO if you want to actively invest. eToro does not charge commissions when investing in stocks. It is also interesting that you can actively speculate on rising and falling prices with CFDs at eToro. Moreover, it is possible to follow other traders, which means you do not have to think about the new positions you open.
However, it is unfortunate that you can only open a dollar account with eToro, which makes eToro particularly suitable for investments in US stocks. Additionally, the broker charges $5 when you withdraw money. Read more about eToro here!
Scalable Capital as an alternative to DEGIRO
Scalable Capital is a German broker that can be a good alternative to DEGIRO. With Scalable Capital, you can invest in stocks & ETFs at an attractive & fixed transaction fee of €0.99. Additionally, you can choose from over 750 ETFs in which you can invest without commissions. For the most active investors, there is also a subscription that allows you to invest completely without transaction fees for a few euros.
Scalable Capital is a good alternative to DEGIRO, but they can improve their user-friendliness. For example, opening an account with this broker takes a lot of time, and you can only deposit money via bank transfer. Read more about this broker here!
Plus500 as an alternative to DEGIRO
Plus500 can be an alternative to DEGIRO for the most active traders. With Plus500, you can only actively invest with CFDs. Plus500 is therefore not suitable for long-term investors.
If you want to speculate in the short term, Plus500 is a suitable option. With short positions, you can speculate on falling prices, and you can also try out the possibilities for free with a demo. Does this appeal to you? Then use the button below to open a demo directly:
How can you find good alternatives to DEGIRO?
If you want to find a good alternative to DEGIRO, it is wise to make a list of features that you consider important. For example, I find the following important:
- Low costs: Costs reduce the return, so I prefer brokers with low fees.
- Trading options: I want to invest in certain securities, so I always check if they are offered.
- Software: Is the software user-friendly & reliable?
How do you switch from DEGIRO to another broker?
- Step 1: Sell your investment positions at DEGIRO
- Step 2: Withdraw the balance at DEGIRO
- Step 3: Deposit the balance to another broker account
- Step 4: Buy the securities again
Note: switching is not free! You pay transaction costs at DEGIRO for selling your securities and transaction costs at the new broker for buying the same securities.
