DEGIRO vs Interactive Brokers (2026):
Real costs compared
Both brokers offer exceptionally low costs on European UCITS ETFs, but they are not the same price on the venues most European ETF investors actually use. On Euronext Amsterdam, Brussels and Paris an ETF trade costs €3.00 at DEGIRO against €3.75 at Interactive Brokers, because IBKR passes through a €0.75 Euronext exchange fee on ETF products even on Fixed pricing. On other European exchanges the two are level at €3.00. The other differences that matter sit elsewhere: currency conversion, per-country pricing, connectivity fees, and what happens when you want to leave. Every figure below is traced to a published fee schedule, with the source and date stated under each table.
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TL;DR
Neither broker is better in the abstract. The right one depends on which ETF listing you buy, which country’s schedule applies to you, and whether you convert currency.
- Your target funds are on the ETF Core Selection, listed on Tradegate, at a €1.00 handling fee with no commission.
- You invest in EUR-denominated listings, so no currency conversion is triggered.
- You trade mainly on one or two exchanges, keeping the connectivity fee small or exempt.
- You want a simpler interface with fewer settings.
Currency or external product and spread costs may apply. Transaction fees and connectivity, currency, external product and spread costs may apply. The connectivity fee is €2.50 per exchange per calendar year, capped at 0.25% of your total account value; you pay whichever is lower.
- You convert currency regularly — the automatic conversion charge is roughly one eighth of DEGIRO’s.
- You want access to global markets well beyond Europe, with funding available in a wide range of currencies.
- You want fractional shares, accepting IBKR’s stated restrictions on transferring them between brokers.
- You hold a large cash balance and want a published credit rate on it.
IBKR’s Fixed commission is 0.05% of trade value above roughly €6,000 per order, so large trades cost more than DEGIRO’s flat lines. Third-party fees are passed through on Tiered pricing, and even on Fixed pricing Euronext charges €0.75 per execution on ETF products in France, the Netherlands and Belgium.
Overview comparison
The structural differences at a glance. Fee detail and the currency maths follow below.
| Category | DEGIRO | Interactive Brokers |
|---|---|---|
| Legal entity | flatexDEGIRO Bank Dutch Branch, the Dutch branch of flatexDEGIRO Bank SE | Interactive Brokers Ireland Limited (EU/EEA residents); Interactive Brokers (U.K.) Limited (UK) |
| Supervision | flatexDEGIRO Bank SE primarily supervised by BaFin; the Dutch Branch is registered with DNB and supervised by AFM and DNB | Central Bank of Ireland (reference C423427); FCA for the UK entity (register number 208159) |
| Market access | More than 45 markets across 30 countries | Global market access well beyond Europe, with funding available in a wide range of currencies |
| Core Selection ETF | €1.00 all-in on Tradegate. Currency or external product and spread costs may apply. | No equivalent zero-commission ETF tier |
| ETF on other European exchanges | €3.00 all-in (€2.00 commission + €1.00 handling fee) | €3.00 minimum on Fixed pricing in the main EUR markets; €3.75 on Euronext Amsterdam, Brussels and Paris, where €0.75 per execution is passed through on ETFs; 0.05% of trade value above roughly €6,000 |
| Automatic currency conversion | 0.25%, processed into the buy and sell price | 0.03%, applied to the exchange rate, no separate commission |
| Connectivity fee | €2.50 per exchange per calendar year, capped at 0.25% of total account value — you pay whichever is lower. Exempt venues are set per entity | None on shares and ETFs; €5.00 per calendar month applies to US options and futures markets |
| Platform or inactivity fee | None — transaction fees and currency, connectivity, external product and spread costs may apply | None — third-party fees are passed through on Tiered pricing, Euronext charges €0.75 per execution on ETFs even on Fixed, and some European exchanges carry annual pass-through custody fees |
| Credit interest on cash | Not stated in the published fee schedules | EUR: 0% on the first €10,000, 1.732% above; full rate only at USD 100,000+ net asset value |
| Fractional shares | No | Yes, on US, Canadian and European stocks and ETFs; IBKR states transferability between brokers is restricted |
| Securities lending | Opt-in, off by default, and offered in the Netherlands, Spain, Switzerland and Italy only; 50% of net lending revenue if enabled | Opt-in (Stock Yield Enhancement Program) |
| Outgoing transfer | €20.00 per position + external costs on the Dutch, French, Irish, UK and Swiss schedules; free on the German schedule | No European outgoing transfer fee published; whole-share positions transferable, fractional transferability restricted |
Sources: DEGIRO’s Dutch, German, French, Irish, UK and Swiss fee schedules effective 1 January 2026, and DEGIRO’s Securities Lending Conditions; Interactive Brokers’ published commission, interest and entity disclosure pages. Verified 10 August 2026. Fees and rates are subject to change.
What a trade actually costs
DEGIRO prices a trade as commission plus a €1.00 handling fee, so the figures below are stated all-in. On the Dutch schedule the handling fee is exempt on Tradegate shares, on BNP and Société Générale OTC leveraged products and warrants, on crypto, and on options and futures other than the Nordic derivatives market — which is why a Core Selection ETF on Tradegate still carries it. Crypto assets are highly volatile assets. The value can fluctuate significantly. There is a risk of losing the entire invested capital. The ETF Core Selection covers more than 1,000 ETFs, ETCs and ETNs listed on Tradegate. Currency or external product and spread costs may apply. Figures are from the Dutch schedule; the equivalents for other entities are in the country section below.
| Trade type | DEGIRO (Dutch schedule, all-in) | IBKR (Fixed pricing) |
|---|---|---|
| Core Selection ETF on Tradegate | €1.00. Currency or external product and spread costs may apply. | No equivalent tier |
| ETF on other exchanges | €3.00 | €3.00 minimum in the main EUR markets; €3.75 on Euronext Amsterdam, Brussels and Paris; 0.05% above roughly €6,000 |
| Shares — Euronext Amsterdam, Brussels | €3.00 | €3.00 minimum (SmartRouted); €4.00 direct routing |
| Shares — NASDAQ, NYSE, NYSE Arca, Toronto (CSE sell-to-close only) | €2.00 | USD 0.005 per share, USD 1.00 minimum, capped at 1% of trade value |
| Shares — Tradegate | €3.90 (handling fee exempt) | €3.00 minimum (SmartRouted) |
| Shares — XETRA, London, Paris, Milan, Madrid, Dublin, Lisbon, Swiss, Nordics, Vienna, Warsaw, Prague, Athens | €4.90 | €3.00 minimum (SmartRouted), in the currency of the market |
| Shares — Börse Frankfurt, Sydney, Hong Kong, Singapore, Tokyo | €6.00 | Varies by market; see IBKR’s regional schedules |
| Connectivity fee | €2.50 per exchange per calendar year, capped at 0.25% of total account value — you pay whichever is lower | None on shares and ETFs; €5.00 per calendar month applies to US options and futures markets |
| Debit (margin) interest | 6.25% unallocated EUR; 4.75% allocated EUR; 6.90% other unallocated currencies | Published separately by currency and balance tier |
| Internal transfer | €7.50 per position | Not separately priced |
| Cash withdrawal | Free | Two free withdrawal requests per calendar month, then EUR 1.00 (SEPA) or EUR 8.00 (bank transfer) |
Sources: DEGIRO Tarievenoverzicht, rates from 01-01-2026 (Dutch schedule); Interactive Brokers’ published commission schedules for Europe and the Americas. Verified 10 August 2026. Fees are subject to change and DEGIRO figures apply to clients on the Dutch schedule only.
Currency conversion, compared like for like
Both brokers run two conversion routes: an automatic one that triggers when you buy a product priced outside your account currency, and a manual one you initiate yourself. Comparing an automatic route against a manual one produces a misleading number, so they are separated here.
| DEGIRO — Auto FX | IBKR — automatic conversion | |
|---|---|---|
| Charge | 0.25% | 0.03% |
| How it is applied | Processed into the buy and sell price | Added to or subtracted from the exchange rate; no separate commission |
| Minimum charge | None | None |
| Cost on a €500 purchase | About €1.25 | About €0.15 |
Sources: DEGIRO Tarievenoverzicht, rates from 01-01-2026; Interactive Brokers’ published currency conversion pricing. Verified 10 August 2026. Rates are subject to change.
| DEGIRO — manual transaction | IBKR — IDEALPRO | |
|---|---|---|
| Charge | €10.00 + 0.25% | From 0.20 basis points of trade value; IBKR quotes a range of 0.08 to 0.20 bps |
| Minimum | The €10.00 fixed component | USD 2.00 per order |
| Availability | Priced on the Dutch, German, French, Irish and Swiss schedules. The UK schedule lists no manual conversion line | Available to eligible account types |
Sources: DEGIRO fee schedules effective 1 January 2026; Interactive Brokers’ published spot currency commission schedule. Verified 10 August 2026. Fees are subject to change.
Deeper: FX drag on long-term portfolios (study) · FX drag calculator
Pricing is not the same across Europe
DEGIRO publishes a separate fee schedule per market, and the figures genuinely differ — the home-market share commission, the connectivity fee exemptions, and the outgoing transfer charge all vary. Interactive Brokers prices by the market you trade rather than where you live. The table below pairs the cost of buying a share on each country’s main exchange. Note the distinction in the DEGIRO column: every venue listed is priced on all six schedules verified here, but DEGIRO publishes no country-specific schedule for Belgium, Italy, Spain or Portugal, so which figure applies to you depends on which entity holds your account.
| Country | Main exchange | DEGIRO, all-in | IBKR Fixed, SmartRouted minimum |
|---|---|---|---|
| Netherlands | Euronext Amsterdam | €3.00 | €3.00 |
| Belgium | Euronext Brussels | €3.00 on the Dutch schedule, where Brussels is a home exchange. DEGIRO publishes no Belgium-specific schedule, so confirm which entity holds your account | €3.00 |
| Germany | XETRA | €4.90 — no reduced home-market band | €3.00 |
| France | Euronext Paris | €2.00 | €3.00 |
| Ireland | Euronext Dublin | €3.00 | Not listed on IBKR’s EMEA share commission schedule |
| Italy | Euronext Milan | €4.90 on all six schedules verified here. DEGIRO publishes no Italy-specific schedule | €3.00 |
| Spain | Bolsa de Madrid | €4.90 on all six schedules verified here. DEGIRO publishes no Spain-specific schedule | €3.00 — Tiered pricing is not available for Spanish shares |
| Portugal | Euronext Lisbon | €4.90 on all six schedules verified here. DEGIRO publishes no Portugal-specific schedule | €6.00, at 0.15% of trade value; direct routing is not offered |
| Switzerland | Swiss Stock Exchange | CHF 6.00 — the most expensive line on the Swiss schedule | CHF 5.00 |
| United Kingdom | London Stock Exchange | £2.75 | £3.00 |
DEGIRO figures are all-in, combining the share commission with the handling fee (€1.00, or CHF 1.00 on Swiss exchanges and GBP 1.00 on UK exchanges). Sources: DEGIRO’s Dutch, German, French, Irish, UK and Swiss fee schedules effective 1 January 2026; Interactive Brokers’ published EMEA share commission schedule. Verified 10 August 2026. Figures apply to the exchange named and are subject to change. DEGIRO publishes separate schedules for markets not listed above; check the schedule that applies to you before trading.
- Dutch schedule: Euronext Amsterdam, Euronext Brussels, OTC Tradias, ETF Core Selection
- German schedule: Xetra, Börse Frankfurt, EUREX, OTC Tradias, Core Selection ETFs
- French schedule: Euronext Paris and Brussels, OTC Tradias, ETF Core Selection
- Irish schedule: home market including Euronext Dublin, Tradias OTC, ETF Core Selection
- UK schedule: home market including the London Stock Exchange, ETF Core Selection
- Swiss schedule: Swiss exchange, Core Selection ETFs
- Outgoing transfers: €20.00 per position plus external costs on the Dutch, French, Irish, UK and Swiss schedules. The German schedule prices them free.
- Manual currency conversion: priced at €10.00 + 0.25% on the Dutch, German, French, Irish and Swiss schedules. The UK schedule lists no manual conversion line at all.
- The Core Selection remains €1.00 across all six schedules, because it trades on Tradegate rather than a domestic exchange. Currency or external product and spread costs may apply.
How your order is routed, and what happens to your shares
Two mechanics that rarely appear in a fee table but shape what you actually receive.
DEGIRO holds direct membership of some exchanges. Because exchanges impose requirements on direct membership that carry cost and effort, DEGIRO states it is not in clients’ interest to be directly connected to every exchange, so it also uses the direct memberships of external brokers together with a Smart Order Router.
Orders sent to an external broker are executed under that broker’s own execution policy. DEGIRO requires that policy to meet the best-execution requirements applying to DEGIRO, reviews it regularly, monitors execution quality, and publishes the results on its website. Shares and ETFs are routed either directly to market or via the Smart Order Router depending on the product and the order type.
Where an instrument trades on more than one venue, DEGIRO preselects a venue in the search result. Choosing a different venue from the drop-down counts as a specific client instruction. DEGIRO is an execution-only broker and does not provide investment advice.
IBKR routes most share and ETF orders through IB SmartRouting, which searches for available prices across exchanges and other venues. Direct routing to a named venue is also available and is priced separately — 0.10% of trade value with a €4.00 minimum in the main EUR markets, against 0.05% with a €3.00 minimum on SmartRouted Fixed pricing. Direct routing is priced differently again in other currencies, and is not offered at all on some European venues — Portugal among them.
On Tiered pricing IBKR passes through exchange, clearing and regulatory fees, and states that the amounts passed to clients may be greater than the costs its executing broker pays. For a straightforward buy-and-hold ETF investor, Fixed pricing is usually the simpler and more predictable of the two.
- DEGIRO offers securities lending in the Netherlands, Spain, Switzerland and Italy only. It is not available on the German, French, Irish or UK schedules. Where it is offered it is off by default: your securities are not lent unless you sign the Acceptance Form Securities Lending and pass the applicable Appropriateness Test.
- The revenue share is 50% of net lending revenue, not gross. Under DEGIRO’s Securities Lending Conditions, DEGIRO receives Borrowing Fees from the borrower, deducts the fees payable to its service providers, and pays 50% of the remaining Borrowing Fees to the client as a Compensation Payment. It is credited in the month following the month in which it accrues.
- The Compensation Payment is a variable share of net revenue, not a guaranteed return, and the amount depends on borrowing demand for the specific securities you hold.
- The risks are not only about the size of the fee. If the borrower fails you carry counterparty risk on the return of the securities. You remain fully exposed to market risk throughout, so the value of the lent securities can fall as well as rise. Voting rights transfer to the borrower for the duration of the loan; to vote you must recall the securities at least five trading days before the record date.
- IBKR operates its own opt-in programme, the Stock Yield Enhancement Program, on separate terms. Assets are not lent without consent at either broker.
Source: DEGIRO Securities Lending Conditions, Articles 2.1, 2.2 and 6.1; Interactive Brokers’ published Stock Yield Enhancement Program page. Verified 10 August 2026.
Product access for European investors
For most EU retail investors the US ETF question is settled by regulation before the broker choice is made. Once that is clear, the comparison narrows considerably.
| Asset class | DEGIRO | IBKR |
|---|---|---|
| Shares and ETFs | Yes | Yes |
| Bonds | Yes | Yes |
| Investment funds | Yes — €3.90 plus a 0.20% annual service fee on the Dutch schedule | Yes |
| Fractional shares | No | Yes, on US, Canadian and European stocks and ETFs — see the restrictions below |
| US-domiciled ETFs for EU retail | Blocked under PRIIPs | Blocked under PRIIPs |
| Markets | More than 45 markets across 30 countries | Global market access well beyond Europe, with funding available in a wide range of currencies |
Sources: DEGIRO’s published fee schedules and market information; Interactive Brokers’ published product and commission pages. Verified 10 August 2026. Product availability is subject to change and varies by country and account profile.
- IBKR offers fractional trading on US, Canadian and European stocks and ETFs, so European investors are not confined to the US headline. On Fixed pricing in the main EUR markets the SmartRouted minimum on a fractional order is €1.25, below the €3.00 whole-share minimum.
- IBKR states that limitations may include restricted transferability between brokers, and that whole shares may be required for transferring securities or exercising voting rights in specific cases. Where a transfer is not possible you would close the position and move the proceeds, which may be a taxable event depending on your country.
- IBKR also states it may close fractional positions in stocks that are no longer eligible for fractional trading, at any time.
- DEGIRO does not offer fractional shares. Each purchase commits at least one full unit, so a fixed monthly amount will usually leave a cash remainder.
- Most EU retail investors are effectively UCITS-only for tickers such as VTI, VOO and SPY, because of PRIIPs and KID requirements. This applies across regulated EU brokers, not to one of them.
- UCITS equivalents track the same indices in a compliant wrapper. Both brokers list them broadly across European exchanges.
- Switching broker does not unlock US-domiciled ETFs for EU retail clients.
See: UCITS vs US ETFs — full guide · How to choose an S&P 500 UCITS ETF
Which entity you contract with, and what compensation covers
Both brokers operate through more than one legal entity, and which one serves you determines which compensation scheme applies. This is a matter of structure, not of one broker being safer than the other.
DEGIRO is the trading name of flatexDEGIRO Bank Dutch Branch, the Dutch branch of flatexDEGIRO Bank SE. flatexDEGIRO Bank SE is primarily supervised by the German financial regulator (BaFin). In the Netherlands, flatexDEGIRO Bank Dutch Branch is registered with DNB and supervised by AFM and DNB.
Because flatexDEGIRO Bank SE is a licensed bank, the German deposit guarantee and investor compensation schemes apply. DEGIRO’s fee schedules do not state the coverage limits, so confirm the current limits that apply to you before you deposit.
Interactive Brokers Ireland Limited serves residents of the EU and EEA. It is regulated by the Central Bank of Ireland (reference number C423427) and is a member of the Irish Investor Compensation Scheme.
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority, register number 208159. Clients of the UK entity are not covered by the Irish scheme, so confirm which entity holds your account before you deposit.
Who each broker actually fits
- Your target funds are on the ETF Core Selection, where a trade costs a €1.00 handling fee with no commission.
- You are on the French schedule, where Euronext Paris costs €2.00 all-in — the lowest home-market share commission of the six schedules verified here, per DEGIRO’s fee schedules effective 1 January 2026.
- You are on the German schedule, where outgoing transfers are free — which materially lowers the cost of changing your mind later.
- You trade on one or two exchanges, so the connectivity fee stays small or exempt.
- You place large orders, where DEGIRO’s flat lines beat a percentage-based commission.
Currency or external product and spread costs may apply.
- You regularly buy products priced outside your account currency, where the 0.03% automatic conversion is roughly one eighth of DEGIRO’s.
- You are on the German schedule at DEGIRO, where XETRA sits in the standard €4.90 band with no home-market reduction.
- You want access to global markets well beyond Europe, with funding available in a wide range of currencies.
- You hold a substantial cash balance and want a published credit rate on it.
- You want fractional shares and accept IBKR’s stated restrictions on transferring them between brokers.
Third-party fees are passed through on Tiered pricing, and Euronext charges €0.75 per execution on ETF products in France, the Netherlands and Belgium even on Fixed pricing; Fixed commissions rise to 0.05% of trade value above roughly €6,000 per order.
Ask which listing you will actually buy. If it is a EUR-denominated UCITS ETF bought monthly in amounts under €6,000, neither broker charges you to convert currency. On Euronext Amsterdam, Brussels or Paris, DEGIRO is €0.75 cheaper per trade; on any other European exchange the two are level. On a monthly contribution that gap is about €9 a year, so for most investors the decision comes down to which schedule applies to you, whether your funds sit on the Core Selection, and which interface you would rather use — not to a headline fee.
If you will convert currency regularly, or you are on the German DEGIRO schedule, or you place orders well above €6,000, the arithmetic starts to separate the two — in different directions in each case. Work it out with your own numbers rather than an average. This is not investment advice.
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Check which fee schedule applies in your country, confirm your target ETF’s listing and currency, and read the current terms on the broker’s own site before funding an account. Investing involves risk of loss.
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Frequently asked questions
Which broker costs less for long-term UCITS ETF investing in Europe?
It depends on which listing you buy and how much you invest per trade. A Core Selection ETF traded on Tradegate at DEGIRO costs a €1.00 handling fee with no commission; currency or external product and spread costs may apply. An ETF on any other exchange costs €3.00 all-in at DEGIRO. Interactive Brokers’ Fixed minimum is also €3.00 in the main EUR markets, but on Euronext Amsterdam, Brussels and Paris IBKR passes through a €0.75 Euronext exchange fee on ETF products, making the same trade €3.75. Above roughly €6,000 per trade IBKR charges 0.05% of trade value, so larger orders cost more there. DEGIRO adds a connectivity fee of €2.50 per exchange per calendar year, capped at 0.25% of your total account value, with the client paying whichever is lower; the ETF Core Selection is exempt. Investing involves risk of loss and this is not investment advice.
How do DEGIRO and Interactive Brokers compare on currency conversion?
Comparing the two automatic routes like for like: DEGIRO’s Auto FX charges 0.25%, processed into the buy and sell price. Interactive Brokers’ automatic conversion charges 0.03%, applied to the exchange rate with no separate commission. On a €500 purchase that is roughly €1.25 at DEGIRO against roughly €0.15 at IBKR. Both charges only apply when the product is priced outside your account currency, so an investor buying a EUR-denominated UCITS ETF listing pays neither. The manual routes are priced differently again: €10.00 + 0.25% at DEGIRO, and from 0.20 basis points with a USD 2.00 minimum on IBKR’s IDEALPRO. Currency fluctuations can impact your returns. Figures verified 10 August 2026 and subject to change.
Does DEGIRO pay interest on uninvested cash?
DEGIRO’s published fee schedules do not state a credit interest rate on uninvested cash. They do publish debit (margin) interest: 6.25% on unallocated EUR, 4.75% on allocated EUR and 6.90% on other unallocated currencies. Interactive Brokers publishes a EUR credit rate of 0% on the first €10,000 and 1.732% above that, and pays the full published rate only on accounts with a net asset value of USD 100,000 or more, with a proportional rate below that threshold. In practice most smaller accounts earn little or nothing at either broker. If cash interest matters to you, check the current published terms directly, as rates move with the interest rate environment. Rates verified 10 August 2026.
Which entity will I actually contract with at each broker, and who supervises it?
DEGIRO is the trading name of flatexDEGIRO Bank Dutch Branch, the Dutch branch of flatexDEGIRO Bank SE. flatexDEGIRO Bank SE is primarily supervised by the German financial regulator (BaFin). In the Netherlands, flatexDEGIRO Bank Dutch Branch is registered with DNB and supervised by AFM and DNB. Because flatexDEGIRO Bank SE is a licensed bank, the German deposit guarantee and investor compensation schemes apply; DEGIRO’s fee schedules do not state the coverage limits, so confirm the current limits before you deposit.
Interactive Brokers Ireland Limited is regulated by the Central Bank of Ireland (reference C423427) and is a member of the Irish Investor Compensation Scheme; it serves EU and EEA residents. Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority (register number 208159); clients of the UK entity are not covered by the Irish scheme.
These schemes address broker failure only. They do not protect you against investment losses: investing involves risk of loss and the value of your investments can fall as well as rise.
How does DEGIRO execute orders?
DEGIRO holds direct membership of some exchanges. Because exchanges impose requirements on direct membership that carry cost and effort, DEGIRO states it is not in clients’ interest to be directly connected to every exchange, so it also uses the direct memberships of external brokers together with a Smart Order Router. Orders sent to an external broker are executed under that broker’s own order execution policy; DEGIRO requires that policy to meet the best-execution requirements applying to DEGIRO, reviews it regularly, and publishes execution quality results on its website. Shares and ETFs are routed either directly to market or via the Smart Order Router depending on the product and order type. DEGIRO is an execution-only broker and does not provide investment advice.
What happens to my shares under DEGIRO’s securities lending programme?
DEGIRO offers securities lending in the Netherlands, Spain, Switzerland and Italy only; it is not available on the German, French, Irish or UK schedules. Where it is offered it is opt-in and off by default: your securities are not lent unless you sign the Acceptance Form Securities Lending and pass the applicable Appropriateness Test. Where a lending transaction is executed, DEGIRO receives Borrowing Fees from the borrower, deducts the fees payable to its service providers, and pays 50% of the remaining Borrowing Fees to the client as a Compensation Payment, credited in the month following the month in which it accrues. That is a share of net lending revenue, not gross, and it is variable rather than a guaranteed return. Lending carries counterparty risk, you remain fully exposed to market risk on the lent securities, and voting rights transfer to the borrower unless you recall the securities at least five trading days before the record date. Interactive Brokers operates its own opt-in programme, the Stock Yield Enhancement Program, on separate terms.
Which broker is better if I want to transfer my portfolio out later?
DEGIRO charges €20.00 per position plus external costs for an outgoing transfer on its Dutch, French, Irish, UK and Swiss schedules; the German schedule prices outgoing transfers free. The external costs differ per exchange, are not published, and are quoted by DEGIRO’s service desk on request, so budget for an unknown addition. A further consideration is that not every broker accepts incoming transfers of positions held on Tradegate, where the Core Selection is listed, so confirm with your intended destination broker first. Interactive Brokers publishes no outgoing transfer fee for European positions — its published transfer fees cover the US, Canada, Hong Kong, Singapore and the wider Asia-Pacific region only, so confirm the cost with IBKR rather than assuming it is free. IBKR also states that fractional positions carry restricted transferability between brokers, in which case you would close the position and move the proceeds, which may be a taxable event depending on your country. Whole-share positions are not subject to that restriction.
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