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Interactive Brokers vs DEGIRO 2020

StockBrokers.com | October 9th, 2020

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Is DEGIRO better than Interactive Brokers? After scoring the best share dealing accounts across 46 different variables, Interactive Brokers is better than DEGIRO. Professional traders are brilliantly serviced with the trading tools, range of investments, and capabilities of Interactive Brokers. Meanwhile, less-experienced traders can still take advantage of the low commissions and excellent research through the web-based Client Portal platform.

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Overall Rating

Feature Interactive Brokers DEGIRO
Overall 4.5 3.5
Interactive Brokers Review DEGIRO Review

Trading Fees

Feature Interactive Brokers DEGIRO
Share Trading: 0-9 Deals/ Month
 (trade value x .0005) £ 1.75 + 0.014%
Share Trading: 10-19 Deals/ Month
 (trade value x .0005) £ 1.75 + 0.014% (Maximum £ 5.00)
Share Trading: 20+ Deals/ Month
 (trade value x .0005) £ 1.75 + 0.014% (Maximum £ 5.00)
Annual Custody Fee: £0 - £250,000
 0% 0.20%
Bonds - Government (Gilts) - Fee
 0.1% (2Euro min) € 2.00 + 0.06%
ETFs - Fee
 (trade value x .0005) €2 + 0.03%
Investment Trusts - Fee
 £4.95 € 7.50 + 0.10%
Telephone Dealing Fee
 N/A £8.50
Commissions & Fees 4 5
Winner check_circle

Platforms & Tools

Feature Interactive Brokers DEGIRO
Desktop Platform (Windows)
 Yes No
Web Platform
 Yes Yes
iPhone App
 Yes Yes
Android App
 Yes Yes
Stock Alerts
Yes No
Charting - Indicators / Studies
 137 13
Charting - Drawing Tools
 9 9
Charting - Notes
 Yes Yes
Charting - Display Corporate Events
 Yes Yes
Charting - Stock Overlays
 Yes Yes
Platform & Tools 5 3.5
Winner check_circle

Research

Feature Interactive Brokers DEGIRO
Research - Shares
 Yes Yes
Research - CFDs
 Yes No
Research - Funds
 Yes Yes
Fund Research - Research Reports
 No No
Research - ETFs
 Yes No
Research - Bonds
 Yes No
Portfolio Allocation Breakdown
 Yes No
Research 4.5 2
Winner check_circle

Investments

Feature Interactive Brokers DEGIRO
Share Trading
 Yes Yes
CFD Trading
 Yes No
Funds
 Yes Yes
ETFs
 Yes Yes
Bonds - Corporate
 Yes Yes
Bonds - Government (Gilts)
 Yes Yes
Investment Trusts
 Yes Yes
Spread Betting
 Yes No
Advisor Services
 No No
Offering of Investments 4.5 3.5
Winner check_circle

Education

Feature Interactive Brokers DEGIRO
Has Education - Share Trading
 Yes Yes
Has Education - Funds
 No No
Has Education - Retirement
 Yes No
Client Webinars
 Yes No
Client Webinars (Archived)
 Yes No
Education 3.5 3.5

Overall

Feature Interactive Brokers DEGIRO
Interactive Brokers Review DEGIRO Review
Overall 4.5 3.5
Winner check_circle

For our 2020 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare DEGIRO vs Interactive Brokers.

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 Interactive Brokers 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.

1 Trade Per Month - DEGIRO is cheaper. DEGIRO would only cost £34 each year while Interactive Brokers would cost £132.

3 Trades Per Month - DEGIRO is less expensive under this scenario. DEGIRO would cost £104 per year while Interactive Brokers would cost £156.

10 Trades Per Month - DEGIRO is the better choice. Annual fees with DEGIRO would total £346, while annual fees with Interactive Brokers would be £360.

20 Trades Per Month - Interactive Brokers costs less in this scenario. Total annual costs with Interactive Brokers would equal £660, while DEGIRO would equal £693.

Which broker offers a wider range of investment options?

Interactive Brokers offers a more diverse selection of investment options than DEGIRO. Interactive Brokers offers investors access to ETFs, Funds, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which platform offers better research?

Our testing concluded that Interactive Brokers is better for research than DEGIRO. Interactive Brokers 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 Interactive Brokers, we tested each broker's trading tools and share dealing app. All features compared, Interactive Brokers offers a better share dealing platform.

Overall, between DEGIRO and Interactive Brokers, Interactive Brokers is the winner.

DEGIRO Review
Interactive Brokers Review

Related Comparisons


All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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