Invest · Broker review

DEGIRO

Low-cost European broker — cheap commissions but watch the FX fee

Reviewed by Aayush Jain·Updated May 2026
Overall score
7.0/10
FX rank#9 of 20
FX cost / $10k$35
Conversion spread0.25%
Trading commission$1
Annual feeNone
Min investmentNone

$25 more per $10,000 than Interactive Brokers (FX cost only)

Not financial advice.This is a comparison of FX costs only. We don't recommend specific investments. Always consult a qualified financial adviser before investing.

Verdict

DEGIRO is one of the best options for European investors wanting access to global markets. Its FX fee of €2.50 + 0.25% is competitive, and its commissions are low. Now owned by flatexDEGIRO, it's well-regulated under BaFin. The main limitation: no ISA for UK investors (Trading 212 or InvestEngine is better for that).

FX cost breakdown

Conversion spread
0.25%
Above mid-market rate
Fixed FX fee
$2
Per currency conversion
Total FX cost / $10k
$35
Realistic all-in estimate

FX cost comparison on $10,000 investment

Interactive Brokers$10
Trading 212$15
Tiger Brokers$20
moomoo$25

Pros & cons

Pros

  • Low commissions (€2–3 on most European and US stocks)
  • Available across EU and UK
  • BaFin regulated (Germany)
  • Access to 50+ global exchanges
  • No minimum deposit

Cons

  • FX fee of €2.50 + 0.25% per conversion
  • No ISA wrapper for UK investors
  • Research tools are basic
  • No options trading for retail clients in many EU jurisdictions

Who can use it

EUUK

Markets available

USUKEUAsia-Pacific

Supported corridors

EUR→USDGBP→USDCHF→USDSEK→USD

Regulated by

Netherlands
AFM
Germany
BaFin

Frequently asked questions

Is DEGIRO available in the UK after Brexit?

Yes. DEGIRO has a UK entity regulated by the FCA. UK investors can use DEGIRO, but there is no Stocks & Shares ISA wrapper — for tax-sheltered investing, Trading 212, Freetrade, or InvestEngine are needed instead.