DEGIRO Fees Explained 2022
We’ve received a lot of questions about DEGIRO fees, so this article addresses the most common questions we have been asked.
Nearly all of these concerned fees attached to Basic / Active / Trader and Day Trader accounts, so this articles concentrates on those. For Custody accounts see here.
This article has been updated to reflect the fact that DEGIRO has made their fees even cheaper in 2022. Most importantly:
| DEGIRO goes zero on top exchanges! From now on customers across Europe will be able to trade without any commission on over 5,000 US equities on the leading US exchanges: NASDAQ and NYSE. This is valid for ALL countries that DEGIRO operates in. |
About DEGIRO
DEGIRO is a regulated multi-award winning low cost stock broker that provides easy access to global stock markets.
Launched in 2013 in the Netherlands, DEGIRO quickly expanded into 18 countries across Europe (including the UK) to become one of the largest stockbrokers in Europe.
DEGIRO now has over a million retail clients across Europe.
It is available to investors living in the following countries:
Netherlands, Italy, France, Austria, Switzerland, Germany, Czech republic, Spain, Portugal, Poland, Greece, Hungary, Denmark, Sweden, United Kingdom, Norway, Finland and Ireland.
Withdrawal fee
Unlike the vast majority of stockbrokers and investment platforms out there, DEGIRO doesn’t charge a withdrawal fee.
That means you can withdraw your money totally free of charge.
Connection fee
It doesn’t cost anything to connect to your home market. Connection to other markets is €2.50 (max 0.25% of your account value) per calendar year per exchange.
So if you lived in the UK your home market would be the London Stock Exchange (LSE). You wouldn’t be charged anything to buy shares from there, but if you started buying shares off the New York Stock Exchange (NYSE), you’d pay the fee, but only the first time you buy a share off that market within one calendar year i.e. you don’t get charged an exchange connection fee every time you buy a share.
If you bought hundreds of shares off both the LSE and NYSE in a year with the LSE as your home exchange it would cost you €2.50 in exchange connection fees.
ETF fees?
DEGIRO has a range of commission free ETFs. You can see a list here (conditions apply).
Their ETF fees for products not on the list are €2.00 for purchasing from every exchange except Tradegate which costs €3.90.
Margin fees
When you are trading on margin from DEGIRO, your Cash Balance will be negative. The negative balance is what you are charged interest on.
The unallocated interest rate is 4 %, calculated annually and charged monthly.
It is possible to allocate the amount of Debit Money you intend to use under Allocation in your Settings. If you have allocated Debit Money, the interest charged will be 3 %, charged on the full amount allocated regardless of how much is used. The chosen allocation will always be applicable for a full calendar month. This means that you can benefit from a lower interest rate but are less flexible in the amount that you pay interest on.
Inactivity fee?
There isn’t an inactivity fee on the DEGIRO platform. A lot of investors will find this beneficial because it means you don’t feel pressured into trading when you don’t want to.
Quite simply, you can buy and sell shares when you are good and ready and not before.
Trading fees
Trading fees are what you pay when you buy or sell a trading product such as a share.
DEGIRO applies trading fees for stocks, ETFs, futures and options are covered elsewhere in this article under the relevant heading.
The fees for bonds and investment funds are given below:
| Exchange | Bonds Trading Fee |
| The Netherlands, Germany Belgium, Portugal, France | € 2.00 |
| OTC Bonds | € 35.00 |
| Investment Funds | Fee | Service Fee |
| Morgan Stanley Liquidity Funds | Free | Free |
| Euronext Fund Services | € 3.90 | 0.20% |
| Non Exchange Listed Investment Funds | € 3.90 | 0.20% |
Custody fees?
DEGIRO has multiple account types. It is important to understand that all fees discussed in this article are for Basic, Active and Trader Account fees. However, there is another account profile which is called a Custody Account.
Here is what DEGIRO has to say about the Custody Account:
A Custody profile is different from a Basic profile in that the securities are held separately from the lending pool of DEGIRO clients’ securities and are thus unable to be loaned to third parties. Debit Money, Debit Securities, and Derivative trading is not available with a Custody profile and you cannot change to an Active, Trader, or Day Trader account. A Custody Profile has different conditions and fees. However you will still benefit from our low transaction costs and save money through trading with DEGIRO.
My interpretation of this is as follows: Even though all accounts with DEGIRO would probably be considered safe and secure by most investors DEGIRO Custody Accounts add an additional layer of security and this security has a small trade off in terms of reduced functionality and increased fees.
You can download the latest DEGIRO Custody Account fee schedule here:
You can read British Expat Money’s article concerning the safety and security of DEGIRO here.
Futures fees?
Futures are derivative financial contracts where parties transact an investment asset at a predetermined future date and price.
Futures fees are shown in the table below:
| Exchange | Futures Fee | Underlying |
| NYSE LIFFE – Amsterdam | € 0.75 per contract | AEX Index |
| NYSE LIFFE – Brussel | € 0.75 per contract | BEL20 Index |
| NYSE LIFFE – Lisbon | € 0.75 per contract | PSI 20 Index |
| NYSE LIFFE – Paris | € 0.75 per contract | CAC 40 Index |
| EUREX Indices | € 0.75 per contract | EUROSTOXX 50, DAX INDEX |
| EUREX | € 0.75 per contract | Other Sectors and Indices |
| IDEM | € 0.75 per contract | All futures |
| MEFF | € 0.75 per contract | All futures |
| OMX Sweden (Indices) | € 0.75 per contract | OMXS30 |
| Exchange | US Futures Fee | Exchange Costs |
| CME, CBOE, CBOT, COMEX, NYMEX | $ 0.75 per contract | Exchange cost for CBOE/CME (non-clearing member) |
| Type | Fee |
Exercise / Assignment / Cash settlement of futures | € 1.00 per contract |
Options fees?
Options provide the right, but not an obligation, to either buy or sell a security at a previously agreed upon price and date.
Options fees are shown below:
| Exchange | Options Fee |
| Eurex (Germany) | € 0.75 per contract |
| MEFF (Spain) | € 0.75 per contract |
| Euronext LIFFE (The Netherlands, Belgium, France, Portugal) | € 0.75 per contract |
| Other Countries | € 0.75 per contract |
| Exchange | OMX NORDICS Options Fee |
| OMX Denmark (Equities) | € 0.75 per contract |
| OMX Finland (Equities) | € 0.75 per contract |
| OMX Sweden (Equities) | € 0.75 per contract |
| OMX Sweden (Indices) | € 0.75 per contract |
| OMX Norway (Equities) | € 0.75 per contract |
| Exchange | US Options Fee | Exchange Costs |
| CME, CBOE, CBOT, COMEX, NYMEX | $ 0.75 per contract | Exchange cost for CBOE/CME (non-clearing member) |
Currency conversion fee
DEGIRO has two ways to convert currency and each of these are charged differently.
AutoFX automatically converts the currency you are using into the currency of the product you are trading.
Alternatively, you can manually convert currency if you so desire.
For a manual trade the cost is €10 + 0.25%.
For AutoFX the change is 0.25%.
Without doing any detailed analysis that €10 associated with a manual conversion means it is going to be cheaper (and a lot easier) to just let DEGIRO do the conversion for you automatically with AutoFX unless you are making very big trades.
(My back of a serviette calculations suggest you’d need to be getting into double digit thousands of pounds before it starts to make sense to do manual conversions, but I’m sure it goes without saying that if you are doing such big trades it makes sense to do your own analysis).
Deposit fees
DEGIRO doesn’t have deposit fees.
Minimum withdrawal amount
There’s no minimum withdrawal amount so that is something you don’t have to worry about.
Minimum deposit amount
There’s no minimum deposit amount, so you can deposit very small amounts of money into DEGIRO if you would like to.
Commission fees on ETFs
As mentioned earlier in this article, DEGIRO has a range of commission free ETFs. There’s a list of these here (conditions apply).
Other ETFs are charged at €2.00 (that’s approx £1.72 in pounds right now).
Commission fees on stocks
The commission fees on stocks, leveraged products, rights, ETNs, Warrants and ADRs are shown in the table below:
| Exchange1 | Fee |
| United Kingdom | £ 1.75 |
| United States, Canada | € 0.00 |
| Germany – Tradegate | € 3.90 |
| Germany – XETRA | € 3.90 |
| Germany – Frankfurt (Stocks) | € 3.90 |
| Austria, Belgium, Denmark, Finland, France, Italy, Ireland, The Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Czech Republic, Greece, Hungary, Turkey, Poland | € 3.90 |
| Australia, Hong Kong, Japan, Singapore | € 5.00 |
The Bottom Line
Most brokers usually have something cheap to get you interested in using them, then at least some of their other fees will be expensive.
As far as we can see, the same can’t be said of DEGIRO. All their fees are very low. If there is a broker out there with lower costs, we haven’t found it.
DEGIRO has a great fee calculator tool which you can find here.
Though we try to keep everything up do date ourselves, you can always check directly at DEGIRO via the following links.
*Some official words from DEGIRO regarding the situation post Brexit are repeated below:
Deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.
Disclaimer: Investing involves risk of loss
