Broker comparison

This broker comparison includes 20 parameters that are important for private investors.

Commission & order execution


 

This broker comparison compares zero-commission brokers (Freestoxx, DEGIRO and Trade Republic) and a low cost broker (Interactive Brokers).


FREESTOXX DEGIRO Trade Republic Interactive Brokers
Commission per order
$ 0,00
$ 0,50 + 0,25%*
€ 0,00
$ 0,005 per share
Minimum per order $ 1,00
Dealing spread (average) 208%
Order execution system
NBBO
NBBO
Market maker
NBBO
Real-time market quotes Free Free No** Paying

NBBO = The "National Best Bid and Offer" price as prescribed by the SEC. This is the best price from multiple exchanges and markets. Market maker = the price given by the market maker. The market maker adds a profit margin to the market price. This profit is shared with the broker who gives him the order. Many investors are not aware of this 'invisible' cost. I want to know more about market makers

* Unless the client permanently converts money into USD, DEGIRO charges a 0,25% currency conversion fee per order. When you buy a US share, the EUR is converted into USD. When you sell this US share, the USD are converted back into EUR. For example, you buy and sell 10 shares of Amazon.com at $ 3,300 via DEGIRO. Your cost is $ 82,50 to buy and $ 82,50 to sell. That is a total cost of $ 165 to buy and sell one position!

** These brokers provide free quotes that come from their market maker and not from the market itself. These quotes give an incomplete picture of the market. Clients execute at the prices provided by the market maker. The market maker adds a profit margin to the market price. These are the additional costs when you trade Apple, Tesla, Netflix, Amazon, etc.

Open a Freestoxx account.


Services


 

We can say with a clear conscience that Freestoxx offers by far the most services.


FREESTOXX DEGIRO Trade Republic Interactive Brokers
Short selling possible
Yes
Yes
Yes
Overflow leverage Yes Yes
Leverage (intraday)
4 to 1
3 to 1
Leverage (overnight) 2 to 1 2 to 1
Real-time market quotes Yes Yes
No Paying
Negative interest charge No No
No
No
Minimum order size No No
No
No

Open a Freestoxx account.


Web platform and trading app


 

The Freestoxx platforms seem to offer the most functionalities.Try the free demo


FREESTOXX DEGIRO Trade Republic Interactive Brokers
Trading app
Yes
Yes
Yes
Yes
Technical indicators
91
Yes
Charting tools 13
Yes
Risk management tools Yes Yes
Permanent demo account Yes Yes

Open a Freestoxx account.


Security and Reputation


 


FREESTOXX DEGIRO Trade Republic Interactive Brokers
Broker since
1998
2013
2015
1977
Country offices 6 18 1 11
Depository bank Bank of Montreal Harris Bank
FlatexDEGIRO Bank
Solaris Bank
Trade Republic Bank
HSBC Deutschland
Citibank
Credit rating Fitch AA-

Fitch A+

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Opinions


 

Opinions.

Opinions.


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