DEGIRO Fees Explained:
What you actually pay
DEGIRO markets itself as one of Europe’s cheapest brokers — and for ETF investing it largely delivers. But the fee structure has moving parts: a per-exchange connectivity charge, a 0.25% FX conversion fee, and conditions on “free” Core Selection ETFs. This guide breaks down every cost so you know exactly what you’re paying before you trade.
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DEGIRO fee summary
All figures sourced from DEGIRO’s official pricing page. Always verify current rates before trading.
| Fee type | Amount | When it applies |
|---|---|---|
| Stock & ETF transaction fee | €1.00 + 0.03% | Per order on most European exchanges |
| Core Selection ETFs | €0.00 | 1 free buy + 1 free sell per ETF per day (min. size applies) |
| Exchange connectivity fee | €2.50 per exchange | Once per exchange per calendar year, on first trade |
| FX conversion | 0.25% | Per transaction in a non-base currency |
| US stocks (NYSE / NASDAQ) | €1.00 + 0.03% | Per order, plus FX conversion if buying from a EUR account |
| Custody fee | €0.00 | Not charged |
| Inactivity fee | €0.00 | Not charged |
| Deposit fee | €0.00 | SEPA bank transfers are free |
| Withdrawal fee | Check current terms | One free withdrawal per month; additional withdrawals may vary |
€1.00 + 0.03%: how the flat fee behaves at different order sizes
The core cost of every trade on DEGIRO — and why small orders are disproportionately expensive.
The standard transaction fee is €1.00 + 0.03% of the order value on most European exchanges including Xetra, Euronext Amsterdam, Euronext Paris, Borsa Italiana, and the Madrid Stock Exchange. There is no cap on the percentage component and no minimum beyond the flat €1.
| Order value | Total fee | Effective rate |
|---|---|---|
| €100 | €1.03 | 1.03% |
| €500 | €1.15 | 0.23% |
| €1,000 | €1.30 | 0.13% |
| €5,000 | €2.50 | 0.05% |
| €10,000 | €4.00 | 0.04% |
€2.50 per exchange per year — easy to overlook, easy to avoid
- Charged once per exchange per calendar year.
- Triggered on your first trade on that exchange.
- Deducted from your cash balance automatically.
- Resets every January — not per trade.
- Xetra + Euronext Amsterdam only = €5.00/year max.
- Trading across 5 exchanges = €12.50/year.
- For simple UCITS ETF investing: negligible.
- Only compounds if you trade many markets.
0.25% FX fee: the cost that compounds over time
The FX conversion fee is the most significant ongoing cost for investors who buy non-EUR assets — and the easiest to avoid entirely for EUR-account holders buying UCITS ETFs.
DEGIRO charges 0.25% of the transaction value whenever you buy or sell a product denominated in a currency different from your account’s base currency. For most European investors with a EUR account, this applies to:
- ETFs listed in USD (e.g. on the LSE’s USD segment)
- ETFs listed in GBP on the LSE
- US stocks on NYSE or NASDAQ
- Any product on a non-EUR exchange
The fee applies on both legs of a round trip — 0.25% to buy, 0.25% to sell. Effective round-trip FX cost: 0.50% on top of all other fees.
Buy UCITS ETFs on a EUR-denominated exchange. Most major trackers — IWDA, VWCE, CSPX — are listed on Xetra or Euronext Amsterdam in euros. Buying there incurs zero FX conversion cost, full stop.
US individual stocks have no EUR-denominated equivalent — you always pay the 0.25% FX fee. At scale, IBKR’s IdealPro rates (~0.002%) are dramatically cheaper for USD-heavy portfolios.
Core Selection: genuinely free, with three conditions to know
For a standard monthly DCA into a UCITS index ETF, the Core Selection makes DEGIRO effectively free to use.
The Core Selection is a list of ETFs (from iShares, Vanguard, Xtrackers, Amundi) that can be traded for zero transaction fees — one free buy and one free sell per ETF per calendar day, above a minimum order size. It covers all the major categories:
- Global equity: MSCI World, FTSE All-World
- US equity: S&P 500, Nasdaq-100
- European equity: STOXX 600, Euro Stoxx 50
- Emerging markets and investment-grade bonds
- One buy per ETF per calendar day.
- One sell per ETF per calendar day.
- Order at or above the minimum size.
- ETF is on the current Core Selection list.
- Order below the minimum size threshold.
- Second transaction on the same ETF in one day.
- ETF has been removed from the list (DEGIRO updates it periodically).
- Custody account holders are excluded from Core Selection.
What doesn’t appear on DEGIRO’s fee schedule
These costs are real but invisible — they never show up on a statement.
Every ETF trade has an implicit cost not in DEGIRO’s schedule: the spread between the buy (ask) and sell (bid) price. For major ETFs on Xetra — IWDA, VWCE — this is typically 0.01–0.05%: negligible. For smaller or less-liquid ETFs it can reach 0.20–0.50% or more. Always check the order book before placing a trade, and use limit orders.
By default, DEGIRO’s Basic account allows it to lend your securities to third parties. DEGIRO keeps the lending revenue — not you. This is not a fee you see, but it is a cost. If you want to opt out, DEGIRO offers a Custody account where your securities cannot be lent — but Custody accounts are excluded from Core Selection free ETFs and incur small fees for corporate actions.
The Total Expense Ratio (TER) of the ETF itself is not a DEGIRO fee — it is deducted directly from the fund’s NAV. iShares Core MSCI World (IWDA) has a TER of 0.20%; Vanguard FTSE All-World (VWCE) 0.22%. Small differences compound significantly over decades. See our UCITS vs US ETF total drag study for a full breakdown.
Dividends may be subject to withholding tax at source before they reach the fund — depending on the ETF’s domicile and the underlying market. This is not a DEGIRO fee, but it reduces your effective return. Our accumulating vs distributing tax drag study quantifies this for common UCITS ETFs.
How DEGIRO’s fees compare to alternatives
| Broker | ETF transaction fee | FX conversion | Custody fee |
|---|---|---|---|
| DEGIRO | €1 + 0.03% (Core Selection: €0) | 0.25% | €0 |
| Trading 212 | €0 (commission-free) | 0.15% | €0 |
| Interactive Brokers | ~€1.25 flat (Lite: €0) | ~0.002% (IdealPro) | €0 |
| Trade Republic | €1 flat | — | €0 |
| Scalable Capital | €0 (Prime) / €0.99 (Free) | 0.99% | €0 / €4.99/mo (Prime) |
For EUR-account holders buying Core Selection ETFs on Xetra: effective cost is €0 + €2.50/year — competitive with any broker in Europe. Where DEGIRO lags: FX conversion at 0.25% is notably higher than Trading 212 (0.15%) and far behind Interactive Brokers for multi-currency investors.
Ready to open a DEGIRO account?
For European investors focused on UCITS ETFs, DEGIRO remains one of the most cost-efficient brokers available — particularly for Core Selection ETFs where the effective transaction cost is zero.
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Frequently asked questions
What is the DEGIRO handling fee?
DEGIRO charges a transaction fee of €1.00 + 0.03% per order on most European stock and ETF markets. There is no cap on the percentage component — it scales with order size. The flat €1 applies regardless of trade size.
What is the DEGIRO €2.50 connectivity fee?
DEGIRO charges a €2.50 annual connectivity fee per exchange, per calendar year, on the first trade you place on that exchange. It is not per transaction — only once per exchange per year. Trading exclusively on Xetra and Euronext Amsterdam costs at most €5.00 per year in connectivity fees.
How much does DEGIRO charge for currency conversion?
DEGIRO charges a 0.25% FX conversion fee whenever you buy or sell a product denominated in a currency different from your account’s base currency. The fee applies on both the buy and sell legs — an effective 0.50% round-trip cost. You can avoid this entirely by buying UCITS ETFs on a EUR-denominated exchange such as Xetra.
Are ETFs free to trade on DEGIRO?
ETFs on DEGIRO’s Core Selection can be traded for free — one free buy and one free sell per ETF per calendar day, subject to a minimum order size. Outside the Core Selection, the standard €1 + 0.03% fee applies. DEGIRO updates the Core Selection periodically, so always verify current eligibility before placing an order.
Does DEGIRO charge inactivity or custody fees?
No. DEGIRO does not charge inactivity fees or ongoing custody fees. You pay only when you trade, plus the annual exchange connectivity fee the first time you trade on a given exchange each year.
QuantRoutine provides educational content only. Nothing on this page is an offer, solicitation, or recommendation to buy or sell any security or to open an account with any specific broker. Investments can lose value, and past performance does not guarantee future results. You are responsible for your own investment, tax, and legal decisions. Always review each broker’s current terms, fees, and eligibility on their official website before opening or funding an account.