WikiFX

Reply

As someone who’s spent years evaluating various brokers, I approach platforms like DEGIRO with careful scrutiny, especially regarding fees, because they can have a meaningful impact on long-term trading outcomes. In my experience, DEGIRO stands out for its cost structure, particularly for those interested in equities and certain ETFs. They do not charge a commission for US shares and selected ETF trades, but there is an external handling cost of €0.50 per US stock trade, which is worth factoring into even small positions. Additional costs—such as currency conversion fees of 0.25%—can add up, especially if your base currency differs from the trading instrument’s currency. From what I’ve observed in my own trading, DEGIRO does not impose fees typically seen with some brokers, like deposit, withdrawal, inactivity, or custody charges. However, they do apply other charges, sometimes less visible to new traders: for instance, spreads are part of pricing but aren’t transparently disclosed in the same way as with forex-specialist brokers. DEGIRO also applies additional charges for connectivity or external product access, though these are generally modest for most retail participants. While the low-cost model can be attractive, it is important for me to remain vigilant, since such structures may involve certain trade-offs—such as less robust trading platforms or fewer payment methods. Ultimately, I believe DEGIRO’s fees are competitive for stock and ETF traders, but anyone considering their services should carefully calculate total transaction costs, especially if trading across currencies or non-core products.