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DEGIRO vs AJ Bell 2023

StockBrokers.com

Written by StockBrokers.com

August 03, 2023

Is DEGIRO better than AJ Bell? After scoring the best share dealing accounts across 46 different variables, our analysis finds that DEGIRO is better than AJ Bell. Despite a subpar trading platform, DEGIRO offers cheap stock trading, charging only £1.75 + a £1 handling fee per trade, with a maximum charge of £5. Fees for trading funds, however, are more costly. DEGIRO lags competitors in fundamental research and education, and does not offer ISA or SIPP accounts.

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Compare

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Overall Rating DEGIRO AJ Bell
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Offering of Investments 3.5/5 Stars 4/5 Stars
Mobile Trading 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 3/5 Stars 3/5 Stars
Research 2.5/5 Stars 4/5 Stars
Ease of Use 3.5/5 Stars N/A
Education 3/5 Stars 3.5/5 Stars
Review DEGIRO Review
Winner check_circle
Investments DEGIRO AJ Bell
ISA info No Yes
SIPP info No Yes
Share Trading info Yes Yes
CFD Trading info No No
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No No
Trading Fees DEGIRO AJ Bell
Minimum Deposit info £0.0 £0.0
Share Trading: 0-9 Deals/ Month info £1.75 + £1 handling fee £9.95
Share Trading: 10-19 Deals/ Month info £1.75 + £1 handling fee £4.95
Share Trading: 20+ Deals/ Month info £1.75 + £1 handling fee £4.95
5 trades per year (£30k portfolio) info £13.75 £82.5
12 trades per year (£30k portfolio) info £33 £161.4
36 trades per year (£30k portfolio) info £99 £400.2
120 trades per year (£30k portfolio) info £330 £636
3 fund trades per year (£30k portfolio) info £67.5 £79.5
Annual Custody Fee: £0 - £250,000 info 0.20% 0.25% (max £3.50/ month for shares)
Annual Custody Fee: £250K-£500K info 0.20% 0.25% (max £3.50/ month) for shares; 0.10% for funds between £250,000 and £1m
Annual Custody Fee: £500,000 - £1m info 0.20% 0.25% (max £3.50/ month) for shares; 0.10% for funds between £250,000 and £1m
Annual Custody Fee: £1m and over info 0.20% 0.25% (max £3.50/ month) for shares; 0.10% for funds between £250,000 and £1m; 0.05% for funds between £1m and £2m;
Bonds - Corporate - Fee info € 2.00 + €1 handling fee £9.95
Bonds - Government (Gilts) - Fee info € 2.00 + 0.06% (most of EU), € 5.00 + 0.05% (Germany) £9.95
ETFs - Fee info €2 + 0.03% £9.95
Investment Trusts - Fee info € 2.00 + €1 handling fee £9.95
Telephone Dealing Fee info £8.50 surcharge £1.75 + £1 handling fee £29.95
Platforms & Tools DEGIRO AJ Bell
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info No No
Charting - Indicators / Studies info 13 10
Charting - Drawing Tools info 9 1
Charting - Notes info Yes No
Charting - Display Corporate Events info Yes Yes
Charting - Stock Overlays info Yes Yes
Charting - Index Overlays info Yes Yes
Research DEGIRO AJ Bell
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info Yes Yes
Fund Research - Research Reports info No Yes
Research - ETFs info No Yes
Research - Bonds info No Yes
Portfolio Allocation Breakdown info No Yes
Education DEGIRO AJ Bell
Education (Share Trading) info Yes Yes
Education (Funds) info No Yes
Education (Retirement) info No Yes
Client Webinars info No No
Client Webinars (Archived) info No Yes
Overall Summary DEGIRO AJ Bell
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Offering of Investments 3.5/5 Stars 4/5 Stars
Mobile Trading 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 3/5 Stars 3/5 Stars
Research 2.5/5 Stars 4/5 Stars
Ease of Use 3.5/5 Stars N/A
Education 3/5 Stars 3.5/5 Stars
Review DEGIRO Review
Winner check_circle
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Comparing online share dealing platforms side by side is no small task. For our 2022 review of U.K. brokers, nearly 600 data points were collected over a 10-week period and used to score each broker. Let’s compare DEGIRO and AJ Bell.

DEGIRO vs AJ Bell Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare DEGIRO vs AJ Bell.

Is DEGIRO a good broker?

Despite a subpar trading platform, DEGIRO offers cheap stock trading, charging only £1.75 + a £1 handling fee per trade, with a maximum charge of £5. Fees for trading funds, however, are more costly. DEGIRO lags competitors in fundamental research and education, and does not offer ISA or SIPP accounts.

Is AJ Bell a good broker?

AJ Bell Youinvest offers a mediocre trading platform and decent research tools, including in-house articles and videos. Ultimately, AJ Bell struggles to deliver value in the UK market against brokers that offer a better platform at a lower price point.

Which broker is less expensive?

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, DEGIRO offers better pricing than AJ Bell for share dealing.

Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.

5 trades per year - DEGIRO would cost £13.75 per year, while AJ Bell would cost £82.5 per year.

12 trades per year - DEGIRO would cost £33 per year, while AJ Bell would cost £161.4 per year.

36 trades per year - DEGIRO would cost £99 per year, while AJ Bell would cost £400.2 per year.

120 trades per year - DEGIRO would cost £330 per year, while AJ Bell would cost £636 per year.

3 fund trades per year - DEGIRO would cost £0.0 per year, while AJ Bell would cost £0.0 per year.

How do DEGIRO and AJ Bell compare in terms of minimum deposits required?

DEGIRO requires a minimum deposit of £0.0, while AJ Bell requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 DEGIRO charges annual custody fees of 0.20%, while AJ Bell charges annual custody fees of 0.25% (max £3.50/ month for shares).

Which broker offers a wider range of investment options?

DEGIRO offers investors access to Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while AJ Bell offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts. Neither have CFD Trading, Spread Betting, Crypto Trading and Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do DEGIRO and AJ Bell offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that DEGIRO offers traders access to neither of these accounts, while AJ Bell offers traders access to SIPP and ISA accounts.

Do DEGIRO and AJ Bell offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither DEGIRO and AJ Bell offer crypto investing.

Which broker offers better research?

Our testing concluded that DEGIRO is better for research than AJ Bell. DEGIRO offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both DEGIRO and AJ Bell, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, our analysis finds that DEGIRO offers a better share dealing platform and DEGIRO offers a better stock app for mobile trading.

Do DEGIRO and AJ Bell offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that DEGIRO offers traders access to Education (Share Trading), while AJ Bell offers access to Client Webinars (Archived), Education (Share Trading), Education (Funds) and Education (Retirement). Neither have Client Webinars.

Overall winner: DEGIRO

Read Next: Best UK Trading Platforms 2022


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