Degiro Alternatives

Degiro placed restrictions on its users during the attempted short squeeze of GME and AMC stock. As some customers look for a new broker, we’ve found some of the best alternatives to Degiro.
By:
Updated: Jan 24, 2022
Tip: our preferred broker is, eToro: visit & create account

Degiro’s restrictions were much less severe than those put in place by brokers like Robinhood, but it still put limits on its customers’ ability to trade freely. This guide looks at some of the other options if you’re on the hunt for a Degiro alternative.

Compare the best alternatives to Degiro

If you’re ready to change brokers immediately, you can sign up using the links below and get trading right away. Otherwise, keep reading for help on how to find the best Degiro alternative.

1
Min. Deposit
$10
Promotion
User Score
10
Trade/invest in stocks with just $10
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
2
Min. Deposit
$0
Promotion
User Score
9.3
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Start Trading
Description:
Firstrade is a leading online brokerage firm offering a full line of investment products and tools designed to help investors like you take control of your financial future. Since its founding in 1985, Firstrade has been committed to providing high value and quality services to help you reach your financial goals.
Payment Methods
Full regulations list:
3
Min. Deposit
$500
Promotion
User Score
8.7
We offer one of the best execution speeds in the industry with low latency
Award-winning support in 14 languages
Trade with precision from 0.5 pips on EURUSD
Start Trading
Description:
Founded in Switzerland, ActivTrades has been around since 2001, which means it has more than two decades of experience in the fintech industry. The independent brokerage house started as a small firm, but it is now a global retail and institutional broker. In 2005, ActivTrades moved its HQ to London, and it began growing rapidly through Europe. ActivTrades offers a lot of benefits to its clients, including educational tools, rewards programs, competitive spreads, and the use of MetaTrader 4 and MetaTrader 5, two industry-leading platforms.
Payment Methods
Bank Transfer, Bank Wire, Credit Card, Debit Card, PayPal, Sofort, neteller, skrill
Full regulations list:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Degiro vs other top brokers

To help you look for a reliable broker, we’ve compared Degiro head to head with some of the leading alternatives. Use these comparisons to answer the question, ‘what’s the best alternative to Degiro?’

Degiro vs eToro

The eToro platform is beginner-friendly and promotes social trading. The Israeli-based broker lets you trade stocks, CFDs, and forex, while it has recently added some options to trade cryptocurrency.

Its app and interface are intuitive and it lets you follow other traders, copy their moves, and read community insights. That makes it ideal for new traders or for anyone who just wants to make the whole process as simple as possible.

If you’re looking for an alternative to Degiro because it restricted trading in stocks that proved popular on WallStreetBets, you should be aware that eToro placed similar restrictions on GME shares. In both cases, these were light restrictions but you should still check the latest news to make sure they have been lifted.

Sign up for an eToro account here >

Degiro vs 101Investing

101Investing is another broker that’s ideal for beginners. There are different account options depending on how much trading experience you have, and it has a lot of guides and educational material that can help you get started.

Regardless of your experience level, 101Investing lets you trade stock, forex and cryptocurrencies. You can also use leverage and trade CFDs on the 101Investing platform.

Unlike Degiro, 101Investing didn’t place any restrictions on GME or AMC trading. Whether you want to buy a stock promoted on Reddit or go your own way, 101Investing lets you trade how you like.

Sign up for a 101Investing account here >

Robinhood vs Capital.com

Capital.com is a CFD trading platform that charges zero commission and offers a great range of guides and learning materials. An intuitive mobile app is another reason it’s a good place for beginners to start.

On Capital.com you can trade stocks and shares, track indices or try spread betting on market performance. Rather than charging any fees directly, Capital.com makes its money on the spread, which is the difference between the bid and ask prices on an asset.

Unlike Degiro, Capital.com also didn’t place any restrictions on trading stocks during periods of high volatility.

Sign up for a capital.com account here >

How to find good alternatives to Degiro

The best way to find good Degiro alternatives is to decide what’s most important to you. Once you’ve decided whether you want a platform to trade frequently, one that boasts lots of learning material, or just better overall service, you can compare brokers to choose the best option.

You can go through more of our broker reviews before you decide. Here are some ideas of what to look for to help with your choice.

What to look for in an alternative stock broker

  • Variety of trading options. Choose a broker that offers the assets you’re looking for. If you’re moving because Degiro stopped trading GME shares, for example, make sure your new broker has no restrictions.
  • Ease of use. You want a broker that makes it easy to start trading. Look for one with an intuitive website and an easy app to get to grips with if you want to trade on the go.
  • Low fees. Pick a platform that doesn’t take too much of your money away in trading fees. If you want to make a lot of trades, even small fees can mount up over time, eating into your profits or extending losses.
  • Account limits. Make sure you know how much you can deposit, withdraw or trade on a given day. It also can be a good idea to see if the broker has any inactivity limits. That way you can be confident you’ll be able to trade as much or as little as you like.

Why would I want to find an alternative to Degiro?

Degiro is one of the platforms that placed trading restrictions on certain stocks just when its customers wanted to buy.

When the Reddit message board attempted to create a short squeeze by buying GME and AMC stocks en-masse, retail investor interest in those shares went through the roof. Just as demand hit its peak, brokers like Degiro stepped in to prevent their traders from buying freely.

Degiro’s actions to reduce its customers’ ability to buy when they wanted caused a lot of anger. The end result is that many users wanted to close their accounts and find an alternative broker.

How to move your funds to an alternative broker

  1. Close your Degiro positions
  2. Go to the menu and withdraw your funds
  3. Wait for the money to clear in your bank account
  4. Open an account with your preferred broker
  5. Deposit your funds into the new account
  6. Open your new trading positions


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work, James is an avid trader and golfer… read more.