Degiro delivers low transaction fees and a choice of equities and ETFs to clients in 18 European countries. It is a leading European brokerage owned by a publicly listed German bank focused on manual trading and passive investments. But is it the best choice for your trading requirements? Read my comprehensive Degiro alternatives to find out.
Overview of Degiro Alternatives
- Eightcap, 1:500 maximum leverage and cutting-edge trading tools.
- AvaTrade, Highly regulated, choice of fixed or floating spreads.
- Plus500, The best pricing environment for futures traders in the USA.
- FP Markets, ECN trading with leverage up to 1:500.
- Pepperstone, Great ECN execution on MT4/5, cTader, TradingView and Pepperstone proprietary platform.
Eightcap
In Summary 1:500 maximum leverage and cutting-edge trading toolsEightcap established itself among the best Forex brokers due to its superb trading infrastructure, excellent order execution amid deep liquidity, competitive fees, and cutting-edge trading tools. Manual traders get a well-designed AI-powered economic calendar. MT5 traders benefit from Flash Trader, while the dedicated cryptocurrency solution Crypto Crusher caters to cryptocurrency traders.
Copy traders get the embedded MT4/MT5 services, and Eightcap connects social traders to the active TradingView community. Beginner traders get an outstanding educational and research offering via Eightcap Labs and Eightcap Trade Zone.
Pros & Cons
- Low minimum deposit and high leverage of up to 1:500
- Competitive cost structure
- Excellent technology infrastructure and seasoned management team
- Daily research and quality educational content
- Limited leverage in some areas
AvaTrade
In Summary Highly regulated, choice of fixed or floating spreadsAvaTrade is one of the largest Forex / CFD brokers and well-known for offering their clients a choice of fixed or floating spreads. They have a very high and strong level of regulation. AvaTrade is directly regulated in Ireland (and by extension, the European Union), Australia, Japan, South Africa, and the British Virgin Islands. Outside the European Union, Ava offers maximum leverage on Forex currency pairs as high as 400 to 1. AvaTrade offers trading in over 55 different Forex currency pairs, 17 commodities, 20 equity indices, 14 cryptocurrencies, plus 66 individual stocks and shares. 2 bonds and 6 ETFs are also on the menu.
Pros & Cons
- High quality educational offering via AvaAcademy
- Excellent choice of trading platforms catering to various trading needs
- Broad asset selection and cross-asset diversification opportunities
- Well-regulated and trusted broker with oversight from a central bank
- Trading costs competitive but nothing special
Plus500
In Summary The best pricing environment for futures traders in the USAPlus500 is a global CFD broker founded in 2008. It maintains an excellent regulatory environment provided by the FCA in the UK, the CySEC in Cyprus, the ASIC in Australia, the FMA in New Zealand, the FSCA in South Africa, the FSA in Seychelles, and the MAS in Singapore. Plus500 offers traders a choice of more than 2,800 assets to trade, including nearly 900 options contracts, in a commission-free trading environment. This extremely wide range of choice can make Plus500 an appropriate choice for traders looking to pursue wide diversification of assets. Plus500 is licensed to offer CFDs through ASIC (AFSL #417727), and through the FMA (FSP #486026), for licensed CFDs in New Zealand. Plus500 trading services are also available in South Africa (Authorised Financial Services Provider #47546). In addition, Plus500CY Ltd is authorized & regulated by CySEC (#250/14), while Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18).
Pros & Cons
- Broad asset selection in equities and options
- Free and unlimited demo account
- Advanced free-of-charge analytical trading tools
- Global and regulated fintech platform
- Sub-standard trading platform without support for automated or social trading
FP Markets
In Summary ECN trading with leverage up to 1:500fpmarkets is an ASIC-regulated Australian brokerage which launched in 2005. For most traders, the unique selling point of this broker is in the extremely wide range of tradable assets offered, providing the opportunity to trade over ten thousand individual stocks and shares including publicly quoted Hong Kong and Australian companies. Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. fpmarkets offers an unusual hybrid ECN/STP execution model, meaning their clients can choose between ECN style of execution giving a very high level of speed, and a “straight through processing” execution style which allows for more “natural” spreads.
Pros & Cons
- Choice of trading platforms and auxiliary trading tools
- Very competitive cost structure and excellent asset selection
- Low minimum deposit requirement and leverage of up to 1:500
- Well-regulated and trustworthy
- Availability of Iress geographically restricted
Pepperstone
In Summary Great ECN execution on MT4/5, cTader, TradingView and Pepperstone proprietary platformPepperstone, founded in 2010 and headquartered and regulated in Australia, the U.K., and Dubai, is probably the most well-known ECN Forex broker in the world. As an ECN broker, Pepperstone offers raw spreads and low commissions. Taken together, Pepperstone’s “Razor” account offers one of the most competitive costs of trading in Forex that you will find anywhere. In addition to their global headquarters in Australia, Pepperstone also have presences in London, England, where they enjoy full regulation by the Financial Conduct Authority (FCA), and in Dubai, where they are regulated by the Dubai Financial Services Authority (DFSA). Pepperstone is also regulated by the Cyprus Securities And Exchange Commission (CySEC) in Cyprus, the Capital Markets Authority of Kenya (CMA) in Kenya, the Securities Commission of The Bahamas (SCB) in The Bahamas and the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany.
Pros & Cons
- Excellent choice of trading platforms consisting of MT4/MT5, cTrader, TreadingView and Pepperstone Platform
- Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
- Social trading support via Signal Start, MetaTrader Signals, Copy Trading by Pepperstone, DupliTrade
- Leverage of up to 1:400 depends on jurisdiction and superb trade execution
- Demo accounts have 60-day time limits
| | | | ||
Regulators | ASIC, CySEC, FCA, SCB | ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID | ASIC, CFTC, CySEC, EFSA, FCA, FMA, FSCA, MAS, NFA, SCA | ASIC, CMA, CySEC, FSCA | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
Year Established | 2009 | 2006 | 2008 | 2005 | 2010 |
Execution Type(s) | ECN/STP, Market Maker | Market Maker | Market Maker | ECN/STP | No Dealing Desk, NDD |
Minimum Deposit | |||||
Average Trading Cost EUR/USD | 1.0 pips | 0.9 pips | 1.1 pips | 1.2 pips | 1.1 pips |
Average Trading Cost GBP/USD | 1.2 pips | 1.5 pips | 1.4 pips | 1.4 pips | 1.4 pips |
Average Trading Cost Gold | $0.12 | $0.29 | - | $0.16 | $0.15 |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Trading View | Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based+ | Proprietary platform, Web-based | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based | Other, MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Trading View+ |
Islamic Account | |||||
Negative Balance Protection | N/A | ||||
| Visit Website | Visit Website | Get Started Visit Website79% of retail CFD accounts lose money | Visit Website | Get Started Visit Website75-95% of traders on margin lose |
| | | | ||
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Trading View | Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based+ | Proprietary platform, Web-based | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based | Other, MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Trading View+ |
Regulators | Yes ASIC, CySEC, FCA, SCB | Yes ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID | Yes ASIC, CFTC, CySEC, EFSA, FCA, FMA, FSCA, MAS, NFA, SCA | Yes ASIC, CMA, CySEC, FSCA | Yes ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
Minimum Deposit | |||||
Automated Trading | |||||
Social/Copy Trading | N/A | ||||
Average Trading Cost EUR/USD | 1.0 pips | 0.9 pips | 1.1 pips | 1.2 pips | 1.1 pips |
| Visit Website | Visit Website | Get Started Visit Website79% of retail CFD accounts lose money | Visit Website | Get Started Visit Website75-95% of traders on margin lose |
Eightcap
Trading Platforms | MT4, MT5, TradingView |
Regulators | ASIC, SCB, FCA, CySEC |
Minimum Deposit | $100 |
Maximum Retail Leverage | 1:200 |
Algorithmic Trading | Yes |
Copy Trading | Yes |
Minimum Forex Fees | 0.0 pips + $7.00 commission per round lot |
AvaTrade
Trading Platforms | MT4, MT5, WebTrader, AvaOptions, AvaTradeGO, Ava Social, mobile apps |
Regulations | Central Bank of Ireland, CySEC, BVI, FSCA, ASIC, ADGM/FSRA, FSA/FFAJ, ISA, IIROC |
Minimum Deposit | $100 |
Maximum Retail Leverage | 1:400 |
Algorithmic Trading | Yes |
Copy Trading | Yes |
Minimum Forex Fees | 0.9 pips ($9.00) per round lot (commission-free) |
Plus500
Trading Platforms | Proprietary web-based, mobile app |
Regulations | FCA, CySEC, ASIC, FMA, FSCA, FSA, MAS, ISA, FSRA |
Minimum Deposit | $100 |
Maximum Retail Leverage | 1:300 |
Algorithmic Trading | No |
Copy Trading | No |
Minimum Forex Fees | 0.8 pips ($8.00) per round lot (commission-free) |
FP Markets
Trading Platforms | MT4, MT5, cTrader, TradingView, IRESS, proprietary WebTrader, and mobile apps |
Regulations | ASIC, FSCA, FSA, FSC, MISA, CySEC |
Minimum Deposit | $100 |
Maximum Retail Leverage | 1:500 |
Algorithmic Trading | Yes |
Copy Trading | Yes |
Minimum Forex Fees | 0.0 pips + $6.00 commission per round lot |
Pepperstone
Trading Platforms | MT4, MT5, cTrader, TradingView, mobile apps |
Regulations | ASIC, FCA, DFSA, BaFin, CySEC, SCB, CMA |
Minimum Deposit | $200 |
Maximum Retail Leverage | 1:500 |
Algorithmic Trading | Yes |
Copy Trading | Yes |
Minimum Forex Fees | 0.6 pips ($6.00) per round lot |
Important Factors in Finding Degiro Alternatives
I focused my Degiro alternatives analysis on the five categories below, which form the core trading conditions that most profitable traders require.
Here are the five most crucial factors when evaluating Degiro alternatives:
1. Fees: They directly impact profitability and indicate which strategies a broker supports or passively discourages, making them my top priority.
2. Account Opening: Account verification is mandatory at all regulated brokers, and most brokers have a user-friendly online application with minimal personal data collection. The primary difference among brokers is the minimum deposit requirement.
3. Deposit & Withdrawals: Every reputable broker offers bank wires and credit/card deposits. Therefore, traders must evaluate non-banking options like cryptocurrencies, e-wallets, and localized options, where geographic and regulatory restrictions may exist. They should also consider withdrawal times and follow-on transactions to gauge the competitiveness of the deposit and withdrawal infrastructure.
4. Trading Platforms: With 80%+ of the daily order flow in Forex being algorithmic, MT4 remains the undisputed market leader. Some brokers have proprietary alternatives that may suit select trading styles better, which traders can consider.
5. Markets & Products: Brokers must provide the markets and products traders require for their strategies and portfolios.
Degiro Alternatives
Eightcap
Eightcap provides traders with a competitive advantage, and only a handful of brokers can match it. Capitalise AI, available, enables algorithmic trading in a code-free environment.
Fees
Traders get a competitive commission-based cost structure featuring raw spreads from 0.0 pips for a commission of $7.00 per 1.0 standard round lot.
Pros | Cons |
Competitive Forex fees | No volume-based rebate program |
No non-trading fees | |
Good pricing transparency |
Account Opening
The Eightcap online account application only requires an e-mail address, desired password, name, and country of residence.
Pros | Cons |
User-friendly, digital account application | None |
Fast account opening process | |
Seven account base currencies |
Deposit & Withdrawals
Eightcap’s withdrawal and deposit methods offer bank wires, credit/debit cards, Skrill, Neteller, PayPal, BPay, Union Pay, FasaPay, PIX, Dragon Pay, cryptocurrencies, and localized payment processors.
Pros | Cons |
No deposit fees or withdrawal fees | Potential currency conversion fees |
Fast payment processing times | |
User-friendly back office |
Trading Platforms
The Eightcap trading platform choices are MT4 with the Capitalise AI plugin, MT5 with the FlashTrader plugin, and the 50M+ social trading community TradingView.
Pros | Cons |
VPS hosting for low-latency 24/5 Forex trading | None |
Capitalise AI for code-free algorithmic trading | |
TradingView for social traders |
Markets & Products
Traders can diversify via the well-balanced asset selection of 800+ instruments across five asset classes, including 100+ cryptocurrency CFDs.
Pros | Cons |
Well-balanced asset selection | No bonds or other fixed-income assets |
Excellent beginner research and education via Eightcap Labs and Trade Zone | No ETF trading |
AI-powered economic calendar |
Verdict
Eightcap trumps Degiro with the Capitalise AI plugin for MT4.
AvaTrade
AvaTrade, one of the most trusted and reputable brokers, provides traders with excellent trading platform choices, including specialized ones, and a high-paying partnership program.
Fees
Traders get reasonable commission-free Forex spreads of 0.9 pips or $9.00 per 1.0 standard round lot.
Pros | Cons |
Reasonable Forex fees | Inactivity and administration fee |
Competitive commodity spreads | |
No hidden costs |
Account Opening
Most AvaTrade subsidiaries only ask for a name, e-mail, and phone number to open an AvaTrade account.
Pros | Cons |
User-friendly, digital account application | None |
Fast account opening process | |
Seven account base currencies |
Deposit & Withdrawals
Traders can conduct financial transactions as deposits or withdrawals from AvaTrade via bank wires, credit/debit cards, Skrill, Neteller, WebMoney, and PayPal.
Pros | Cons |
No deposit fees | Currency conversion fees |
No withdrawal fees | |
Trusted withdrawal process |
Trading Platforms
AvaTrade offers MT4, MT5, WebTrader, AvaOptions, AvaTradeGO, Ava Social, the mobile apps of MT4/MT5, ZuluTrade, and DupliTrade for copy traders.
Pros | Cons |
MT4 Guardian Angel plugin | None |
Trading Central plugin | |
VPS hosting for low-latency 24/5 market access |
Markets & Products
The well-balanced AvaTrade asset selection includes cryptocurrencies, ETFs, bonds, and FX options. AvaTrade also maintains quality trading tools for beginners.
Pros | Cons |
Good choice of ETFs | None |
Well-balanced asset selection | |
Industry-leading education for beginners |
Verdict
AvaTrade beats Degiro with its educational content and beginner tools.
Plus500
Plus500 presents manual traders with an infrastructure capable of executing complex strategies, including options trading.
Fees
Plus500 traders get a commission-free pricing environment with minimum Forex spreads of 0.8 pips or $8.00 per 1.0 standard round lot.
Pros | Cons |
Reasonable Forex fees | Inactivity fee |
Commission-free equity trading | |
Rebate program |
Account Opening
The user-friendly online account application requires an e-mail and password to open a Plus500 account. Traders can also use their Google, Facebook, or Apple IDs.
Pros | Cons |
User-friendly, digital account application | Limited account base currencies |
Fast account opening process | |
Publicly listed broker |
Deposit & Withdrawals
Deposit and withdrawal options at Plus500 are bank wires, credit/debit cards, Skrill, Neteller, and PayPal.
Pros | Cons |
No deposit fees | Currency conversion fees |
No withdrawal fees | Above-average withdrawal times |
User-friendly back office |
Trading Platforms
Traders get the proprietary Plus500 trading platform as a desktop client, a lightweight webtrader, and a user-friendly mobile app.
Pros | Cons |
User-friendly interface | No MT4 |
Advanced analytical tools | No algorithmic and copy trading |
Guaranteed stop-loss orders | No customization |
Markets & Products
Plus500 presents a well-balanced asset selection exceeding 2,800 trading instruments, including 70+ currency pairs, 1,700+ equity CFDs, and 850+ option contracts.
Pros | Cons |
Excellent choice of option contracts | No bonds or other fixed-income assets |
Well-balanced | |
+Insights analytical tool |
Verdict
Plus500 outclasses Degiro with its options trading capabilities.
FP Markets
FP Markets offers traders well-balanced asset selection, deep liquidity, and MAM/PAMM accounts for licensed account managers.
Fees
FP Markets has competitive commission-based trading fees featuring raw spreads from 0.0 pips for a commission of $6.00 per 1.0 standard round lot.
Pros | Cons |
Low Forex fees | None |
Competitive swap rates | |
No hidden costs |
Account Opening
FP Markets maintains a multi-step online application process that collects more data than many competing brokers.
Pros | Cons |
Digital account application | Lengthy application with data mining |
Ten account base currencies | |
Trusted broker |
Deposit & Withdrawals
Traders get an excellent choice of payment processors, including online payment processors and cryptocurrencies, and fast withdrawal processing times.
Pros | Cons |
No deposit fees | Potential currency conversion fees |
No withdrawal fees | |
18+ deposit currencies |
Trading Platforms
FP Markets offers traders a proprietary mobile app, MT4, MT5, cTrader, TradingView, Iress, Myfxbook Autotrade, and Signal Start.
Pros | Cons |
12 quality MT4/MT5 plugins, and Trading Central and Autochartist | None |
MAM/PAMM modules for traditional account management | |
VPS hosting for low-latency 24/5 market access |
Markets & Products
Traders get a well-balanced asset selection that includes cryptocurrencies, ETFs, and bonds. FP Markets also offers a choice of copy trading providers.
Pros | Cons |
Good choice of ETFs and commodities | None |
Balanced asset selection | |
In-house copy trading service |
Verdict
FP Markets bests Degiro with its payment processor infrastructure.
Pepperstone
Pepperstone presents traders with a unique competitive advantage with Capitalise AI, ensuring code-free algorithmic trading that few brokers can match.
Fees
Pepperstone offers low-cost, commission-based trading fees with raw spreads of 0.0 pips for a $6.00 per 1.0 standard round lot commission and a volume-based rebate program.
Pros | Cons |
Competitive Forex fees | Fixed administration fee on trades maintained past ten trading days |
Low-cost equity trading | |
Rebate program |
Account Opening
Traders can use their Google or Facebook IDs to register for a Pepperstone account or follow the user-friendly online application form.
Pros | Cons |
User-friendly, digital account application | None |
Fast account opening process | |
Ten account base currencies |
Deposit & Withdrawals
Bank wires, credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, and Union Pay are the deposit and withdrawal methods at Pepperstone.
Pros | Cons |
No deposit fees | Currency conversion fees |
No withdrawal fees | |
Same-day withdrawal processing |
Trading Platforms
Pepperstone presents upgraded MT4/MT5 trading platforms, cTrader, and TradingView, ensuring a competitive choice for algorithmic, copy, and social trading solutions.
Pros | Cons |
Capitalise AI for code-free algorithmic trading | None |
28 MT4 upgrades plus Autochartist | |
Choice of third-party copy trading providers |
Markets & Products
Traders can diversify portfolios through a balanced asset selection of 1,200+ CFDs, including ETFs and currency indices.
Pros | Cons |
Good Forex selection with deep liquidity | No bonds or other fixed-income assets |
Well-balanced | Limited cryptocurrencies |
Premium client services |
Verdict
Pepperstone maintains a notable edge over Degiro due to Capitalise AI.
Bottom Line
- Eightcap grants a unique competitive edge with Capitalise AI.
- AvaTrade has high-quality educational tools for beginners.
- Plus500 shines with its trading infrastructure for complex options strategies.
- FP Markets maintains an excellent deposit and withdrawal infrastructure.
- Pepperstone is an industry-leading choice for algorithmic traders.
