General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
- Interactive Brokers
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
DEGIRO vs Interactive Brokers: A Comparison Summary
When it comes to choosing a broker, security, trading fees, markets available, platforms, and education/customer care are all essential factors to consider. In this comparison summary, we’ll take a look at DEGIRO and Interactive Brokers, two popular brokers, and analyse how they stack up against each other in each of these categories.
Interactive Brokers is regulated by multiple international authorities, making it highly secure with a security rating of 95. On the other hand, DEGIRO is regulated only by BaFin and is available only within the European Union, with a security rating of 93.
Interactive Brokers offers an unlimited demo account with virtual funds of $1,000,000 that can be restored by contacting customer support. DEGIRO, on the other hand, does not offer a demo account.
DEGIRO requires a minimum deposit of €0.01, whereas Interactive Brokers has no minimum deposit. However, to trade with margin, Interactive Brokers requires at least $2000 in your account. Both brokers offer multiple payment methods, but Interactive Brokers has an advantage with over 25 base currencies available, while DEGIRO supports only EUR as the account currency.
Both DEGIRO and Interactive Brokers do not offer copy-social trading features.
DEGIRO is a stock broker and offers over 30,000 stocks and 4,500 ETFs for trading. In contrast, Interactive Brokers provides a wide range of trading assets, including Forex, commodities, crypto assets, stocks, ETFs, futures, and options. This makes Interactive Brokers a good option for both short-term and long-term investing on every market.
DEGIRO has very low commissions of $1 per order for stock trading, while some ETFs do not charge fees. Interactive Brokers offers very low spreads and commissions, with financing rates from 0.75% and no commissions on stocks and ETFs with the IBKR Lite Plan.
Both DEGIRO and Interactive Brokers offer proprietary trading platforms available on desktop, webtrader, and mobile devices. However, DEGIRO’s platform is not easy to use, and it may take a while to learn how to navigate it.
Both brokers offer quality education material, but Interactive Brokers has more resources, including tutorial videos, a trader’s academy, and a blog. Interactive Brokers also has better customer care, with easy-to-reach support via email, phone, and live chat in 8 languages. DEGIRO’s customer support is limited to email and phone, with no live chat available.
In summary, both DEGIRO and Interactive Brokers have their pros and cons. DEGIRO is a great option for those looking for low-cost trading with an extensive range of stocks and ETFs. However, Interactive Brokers offers a wider range of markets, low spreads, and commissions, a demo account, and better customer care. It is also more secure with multiple international regulatory bodies overseeing its operations. Ultimately, the choice between the two depends on individual preferences, trading styles, and investment goals.