DEGIRO is a global online discount broker with headquarters in Germany and the Netherlands. It was founded in 2008 by ex-employees of a different Dutch brokerage firm. Starting in the first quarter of 2021, DEGIRO merged with flatexDEGIRO Bank AG to become the largest online execution-only broker in Europe. broker degiro is regulated by the Federal Financial Supervisory Authority in Germany, which is a top-tier financial authority.
v DEGIRO Trading Commissions
All asset classes on DEGIRO have low trading fees. While we looked at the DEGIRO UK pricing, please note that pricing may vary slightly from country to country.
Stock and ETF Transaction Costs
Commissions on stocks and ETFs are low at DEGIRO. DEGIRO does not impose any commission fees on trades made on the stock exchanges in the United States and Canada.
There is still a €1 fee for each trade processed.
There is also a list of ETFs that can be bought or sold once a month for free (terms and conditions apply; more info is available at DEGIRO). Additional trades for the same ETF product within the same calendar month may also be free, provided that they are buy or sell trades of at least $/€1,000 in value.
v Funding Charges
Investing with DEGIRO is cost effective. With DEGIRO, you can invest for a flat fee of €3.90. If the fund provider charges DEGIRO for an entry or an exit, the client will be responsible for those costs.
The value of your investment fund portfolio on the last day of the month is used to determine your monthly custody fee (which DEGIRO refers to as a “service fee”). Except for FundShare Cash Funds and Morgan Stanley Liquidity Funds, which incur no such fee, it amounts to 0.2% annually.
v Account types
DEGIRO has the following account types available:
- Custody
- Basic
- Active
- Trader
- Day Trader
As you move down the list, you will be able to access an increasing number of products and features; Custody has the fewest and Day Trader has the most. Trading fees are consistent across all profiles, with a few minor exceptions for Custody accounts.
As a general rule, only open a Custody account if you have a compelling reason to do so.
Best Paper Trading Platforms
Listed options trading was once mostly done by professionals and market makers, with little public participation, due to the risk management challenges involved. You can now open an online options trading account and learn about options trading through online courses.
Although the risks remain the same, you can improve your options trading knowledge by using a paper trading options simulator, which allows you to practice without committing any funds, much like a forex broker’s demo account. Continue reading to find out best paper trading app for you.
1. Interactive Brokers
The Trader Workstation (TWS) from Interactive Brokers is one of the most advanced trading platforms available online. The platform includes hundreds of technical analysis tools that can analyze a broad range of markets and tradeable assets. The TWS Paper Trader virtual trading platform from Interactive offers almost all of the features of the TWS platform and allows you to start paper trading with $1,000,000 in virtual money.
2. Thinkorswim by TD Ameritrade
TD Ameritrade’s impressive thinkorswim trading platform provides two different paper trading accounts. One is a standard margin trading account, while the other is a more suitable individual retirement account (IRA) for investors. Both paper trading accounts include $100,000 in virtual money.
When it comes to option trading platforms, thinkorswim is among the most advanced on the market, and even paper traders have access to most of the same tools as their real-money counterparts.
3. Tradier
Tradier employs application programming interface (API) technology to provide you with access to a variety of options trading software and platform options, including a paper trading option.
You are not locked into only one platform with Tradier, so you can integrate other platforms into your Tradier workstation while benefiting from Tradier’s low commissions and fees.