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Alternatives to DEGIRO

DEGIRO is a comprehensive trading platform — if it's not for you, here are some alternatives.

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By

Zoe Stabler DipFA

Updated

Fact checked
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 70.8%-86.4% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
DEGIRO is a popular trading platform here in the UK. It’s pretty low cost, especially compared with other platforms with similar features. DEGIRO lets you invest in most of the largest stock exchanges, meaning you can buy UK, US, Canadian and European stocks, among others.

If you like the sound of DEGIRO, but don’t want to trade with it, you might be looking for an alternative to DEGIRO. We’ve compared some of its features and fees against other trading platforms to find some of DEGIRO’s closest alternatives.

eToro: a close alternative

DegiroeToro Free Stocks
Finder rating★★★★★★★★★★
Customer satisfaction rating★★★★★★★★★★
FSCS protected?
Stocks and shares ISA available?
Standard trading fee£1.75£0.00
Foreign exchange fees0.25%0.5%
UK - London Stock Exchange
US - New York Stock Exchange
US - NASDAQ
App
Desktop or web access
Keep in mindCapital at riskCapital at risk. 77% of retail CFD accounts lose money
More InfoGo to site
More Info

eToro is a really great alternative to DEGIRO. It actually has some advantages — namely that it’s commission free. You can also invest with its demo account, which means you can try out the platform with virtual funds.

eToro has comprehensive trading tools and charting. It’s got forums where you can chat with other investors to get ideas, as well as social trading, which lets you copy other people’s trades.

You can read our full review of eToro to find out more about it.

Saxo Markets: an alternative with equally great charting tools

DegiroSaxo Markets Share Dealing Account
Finder rating★★★★★★★★★★
Customer satisfaction rating★★★★★
FSCS protected?
Stocks and shares ISA available?
Standard trading fee£1.75£8
Foreign exchange fees0.25%1%
UK - London Stock Exchange
US - New York Stock Exchange
US - NASDAQ
App
Desktop or web access
Keep in mindCapital at riskCapital at risk. 73% of retail CFD accounts lose money
More InfoGo to site
More Info

Saxo is a more advanced trading platform than DEGIRO. It’s a bit pricier, but has some additional features available – this includes better news and research information, as well as company financials. You can invest in funds with Saxo Trader, as well as company shares.

Like eToro, Saxo has a demo account, for would-be investors that are hoping to try out a platform before getting started. Its charting tools are very similar to DEGIRO’s and would be suitable for experienced investors.

Check out our review of Saxo to see if it would suit you.

Trading 212: an alternative with an ISA

DegiroTrading212
Finder rating★★★★★★★★★★
Customer satisfaction rating★★★★★★★★★★
FSCS protected?
Stocks and shares ISA available?
Standard trading fee£1.75£0
Foreign exchange fees0.25%0.15%
UK - London Stock Exchange
US - New York Stock Exchange
US - NASDAQ
App
Desktop or web access
Keep in mindCapital at riskCapital at risk. 83% of retail CFD accounts lose money
More InfoMore Info

Trading 212 is a really great alternative to DEGIRO – it’s commission free, which is an advantage, but does have a higher foreign exchange fee. Trading 212 also lets you trade fractional shares, so you can buy smaller pieces of expensive shares.

Trading 212’s learning tools are really useful and informative – it’s got guides, videos and walkthroughs to help you learn about how to invest. Trading 212 would be a good alternative to DEGIRO for beginner investors.

Unfortunately Trading 212 currently has a waitlist for new users. If you’d like to find out more about this popular investment app, you can read our review.

Bottom line

DEGIRO is a popular investment platform for experienced investors — it’s not quite commission free but it is low cost, sometimes coming out cheapest for overseas trading because of its foreign exchange fee. If DEGIRO isn’t quite the platform you’re looking for, we think eToro, Saxo and Trading 212 could be good alternatives.

If you’re still not sure, we have a comparison table that lets you filter platforms by features.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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