Degiro vs Interactive Brokers

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Pepperstone vs Vantage - Verdict

Degiro and Interactive Brokers are leading global multi-asset brokers, but which one should you trust for your Forex portfolios?

I have conducted an in-depth review of Degiro vs. Interactive Brokers to determine which broker is the better overall choice and which traders will benefit most from each

Headquarters	Netherlands	United States
Regulators	N/A	ASIC, Central Bank of Ireland, CFTC, FCA, MAS, SEBI, SEC
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2008	1978
Execution Type(s)	N/A	Market Maker
Minimum Deposit	N/A	$0
Negative Balance Protection	N/A
Trading Platform(s)	Proprietary platform	Proprietary platform
Average Trading Cost EUR/USD	Not applicable	Account and account-tier dependent
Average Trading Cost GBP/USD	Not applicable	Account and account-tier dependent
Average Trading Cost WTI Crude Oil	Undisclosed	Account and account-tier dependent
Average Trading Cost Gold	Undisclosed	Account and account-tier dependent
Retail Loss Rate	Undisclosed	Undisclosed
Minimum Raw Spreads	Not applicable	0.1 pips
Minimum Standard Spreads	Not applicable	Not applicable
Minimum Commission for Forex	Not applicable	$2.00
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Here is a snapshot of the most notable advantages of Degiro:

• The corporate owner is a publicly listed German bank
• Analyst views and ESG ratings
• 63M+ transactions from 3M+ traders
• €70B+ in assets under custody
• Manual-only trading from an execution-only broker

Here is a snapshot of the most notable advantages of Interactive Brokers:

• 3.34M+ accounts with $3.52M+ daily revenue trades
• An average order execution speed between 95 and 250 milliseconds

• $12.4B in excess regulatory capital
• 160 markets across 36 countries in 28 currencies
• Margin rates rank among the lowest industry-wide, with rates as low as 4.83%
• A Stock Yield Enhancement Program that pays income on the fully paid shares of stocks
• Robo Advisory services and 2,000+ services in the Investors’ Marketplace

Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading
DOM?	N/A
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
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Available Markets

Currency Pairs
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices	N/A
Stocks (non-CFDs)
Bonds
ETFs
Options
Futures
Synthetics
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Degiro primarily caters to buy-and-hold investors via assets listed on 45+ exchanges in 30+ counties. Interactive Brokers offers 160 markets across 36 countries in 28 currencies.

Here is why Interactive Brokers is a better choice for most traders:

• 43,000 mutual funds, including 18,000 without transaction fees, and global ETFs, including commission-free ETFs

Typical Spreads and Fees

Average Trading Cost EUR/USD	Not applicable	Account and account-tier dependent
Average Trading Cost GBP/USD	Not applicable	Account and account-tier dependent
Average Trading Cost WTI Crude Oil	Undisclosed	Account and account-tier dependent
Average Trading Cost Gold	Undisclosed	Account and account-tier dependent
Average Trading Cost Bitcoin	Not applicable	Account and account-tier dependent
Minimum Raw Spreads	Not applicable	0.1 pips
Minimum Standard Spreads	Not applicable	Not applicable
Minimum Commission for Forex	Not applicable	$2.00
Deposit Fee	N/A
Withdrawal Fee	N/A
Inactivity Fee	N/A
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Degiro offers commission-based equity accounts versus commission-free equity accounts at Interactive Brokers, but which is cheaper?

Interactive Brokers trading fees are ultra-low for Forex traders and feature commission-free equity trading for select jurisdictions. Degiro applies a flat fee per stock plus a €1 handling fee for equity traders.

Account Types

Degiro features Basic, Active, Trader, and Day Trader accounts. Interactive Brokers accounts are commission-based, with many commission-free assets.

Are there any other noteworthy differences in the account structure between Degiro and Interactive Brokers?

Here is what stands out the most:

• Interactive Brokers has more trading tools
• Interactive Brokers offers 2,000+ services across five categories
• Degiro requires new clients to take appropriateness tests and agree to additional conditions to receive account upgrades

Minimum Deposit

How Difficult Is It to Deposit at Degiro vs. Interactive Brokers?

Both brokers rely on bank-related deposit methods, but Interactive Brokers added Wise, granting it a minor edge. Degiro caters to its European traders with the continent’s fast online banking services like SEPA and BACS. Neither broker supports cryptocurrency deposits, but Degiro has a localized approach for its core market.

Minimum Withdrawal

Which Withdrawal Process Is Better: Degiro or Interactive Brokers?

Degiro, owned by flatexDEGIRO Bank AG, automatically opens a bank account and prefers clients to use it for withdrawals. Interactive Brokers offers one free monthly withdrawal, before a fee applies. Neither broker maintains a trader-friendly infrastructure, but Interactive Broker withdrawals have quicker processing times. Overall, withdrawal requests are equally simple at Degiro and Interactive Brokers.

Security and Trust

Country of the Regulator	Germany, Netherlands	Australia, Canada, Hong Kong (SAR), Ireland, India, Japan, Singapore, United Kingdom, United States
Name of the Regulator	N/A	ASIC, Central Bank of Ireland, CFTC, FCA, MAS, SEBI, SEC
Regulatory License Number	Undisclosed	36418/8-47257, undisclosed but confirmed, C423427, 208159, 433554, undisclosed, INZ000021730, undisclosed, CMS100917
Regulatory Tier	N/A	1,1,1,1,1,1,2,1,1
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Which Broker Is More Secure and Trustworthy?

Both brokers are excellent industry-leading choices with a well-deserved positive reputation. Degiro is part of publicly listed German flatexDEGIRO Bank AG, offering an extra layer of regulation and financial controls. Interactive Brokers ranks among the leading brokers globally based on the daily average revenue from trades and it is an S&P400 member. Therefore, I rank both equally in terms of security and trust.

Degiro versus Interactive Brokers Verdict

Degiro

Interactive Brokers

Which Forex Broker Is Better?

Degiro and Interactive Brokers are industry-leading brokers, and I recommend traders test both the trading environments in their respective demo accounts.

Here is my verdict:

Degiro is a good choice for equity investors if they can access it and require a manual-only trading environment for long-term buy-and-hold portfolios. Interactive Brokers is a superior brokerage with cutting-edge infrastructure, ultra-low trading fees, and industry-leading asset selection. It ensures better diversification and leveraged trading ,while also supporting algorithmic trading.

FAQs

Do professionals use Interactive Brokers?

Many professional traders use Interactive Brokers, an industry-leading multi-asset broker offering a trading environment few competing brokers can match.

Are Degiro fees high?

Degiro fees for investors are among the lowest in the markets where Degiro operates.

Which is better, Degiro or Interactive Brokers?

Interactive Brokers is a superior brokerage with cutting-edge infrastructure, ultra-low trading fees, and industry-leading asset selection.