Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
DEGIRO
Not regulated in your country DEGIRO does not accept residents in Australia because it is not regulated by ASIC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Interactive Brokers
Regulated in your country Interactive Brokers is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders DEGIRO and Interactive Brokers are best suited to, based on what each one actually offers in Australia.Interactive Brokers is better than DEGIRO for day traders, professional traders and high-volume traders. Both are a good fit for long-term investors, swing traders and news traders.
| Overall score | DEGIRO not offered 79 -4 | Interactive Brokers 83 83 Best |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise DEGIRO and the ones that supervise Interactive Brokers.Only Interactive Brokers is regulated in Australia, by ASIC. DEGIRO holds no licence in Australia and is regulated by AFM and BaFin.
| Section score | DEGIRO not offered 100 | Interactive Brokers 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | AFM (Netherlands), BaFin (Germany) | |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that DEGIRO and Interactive Brokers have in place to protect your money in Australia.DEGIRO and Interactive Brokers both offer segregated client funds and two-factor authentication. DEGIRO also offers an investor compensation scheme and additional money insurance, and is a licensed bank.
| Section score | DEGIRO not offered 99 Best | Interactive Brokers 73 73 -26 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2008 | 1978 |
| Parent company i | flatexDEGIRO Bank AG | Interactive Brokers Group, Inc. |
| CEO i | Oliver Behrens | Milan Galik |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | flatexDEGIRO Bank AG | Agricultural Bank of China, Australia and New Zealand Banking Group, Banco Santander, Bank Hapoalim, Bank of China, Barclays Bank Ireland, Barclays Bank, Euroclear Bank, HSBC Bank, HSBC Continental Europe, ING Bank, ING Belgium, ING Bank Slaski, J.P. Morgan SE, J.P. Morgan Chase Bank, Mizuho Bank, MUFG Bank, NatWest Bank, Oversea Chinese Banking Corporation, Raiffeisen Bank International, Raiffeisen Bank Zrt, Raiffeisenbank a.s., Royal Bank of Canada, Skandinaviska Enskilda Bank, Societe Generale, Standard Chartered Bank, The Hongkong and Shanghai Banking Corporation, UBS Switzerland, United Overseas Bank, Wells Fargo Bank |
| Brand power | ||
| Number of customers worldwide i | 3,000,000 | 3,337,000 |
| Annual revenue i | US$480,000,000 | US$6,205,000,000 |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with DEGIRO and with Interactive Brokers in Australia, both on each trade and on holding the account.Interactive Brokers and DEGIRO cannot be compared for CFD/FX costs, because Interactive Brokers is a broker offering both CFDs and stocks while DEGIRO is a stockbroker.
Interactive Brokers is better than DEGIRO for real stock costs, because Interactive Brokers charges lower US stock fees, at US$2.1 (against DEGIRO's US$9.28), charges lower ETF fees, at US$2.1 (against DEGIRO's US$9.28), and charges lower options fees, at US$0.65 per contract (against DEGIRO's US$0.75). Neither DEGIRO nor Interactive Brokers charges inactivity fees or account maintenance fees.
| Section score | DEGIRO not offered 73 -6 | Interactive Brokers 91 79 Best |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$2 | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$2 | |
| S&P 500 fees (CFD) i | ||
| Gold fees (CFD) i | ||
| Bitcoin fees (CFD) i | ||
| US stocks fees (CFD) i | US$0.005 | |
| Fees on stocks | ||
| Stock fee type i | Commission | Commission, Percentage |
| US stocks fees (real) i | US$9.28 | US$2.1 |
| ETF fees (real) i | US$9.28 | US$2.1 |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | US$0.75 | US$0.85 |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | US$0.75 | US$0.65 |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with DEGIRO and with Interactive Brokers in Australia, and of how many instruments each one gives access to.DEGIRO does not offer CFD/FX, being a stockbroker, so Interactive Brokers and DEGIRO cannot be compared for CFD/FX markets.
DEGIRO and Interactive Brokers are equally good for real stock markets, as DEGIRO offers futures on stocks and bonds, and offers options on commodities. On the other hand, Interactive Brokers lets you own crypto and forex outright, and gives access to 15,000 tradable symbols (against DEGIRO's 2,800). Both DEGIRO and Interactive Brokers let you own bonds, ETFs, funds and stocks outright, and offer futures on indices and commodities.
| Section score | DEGIRO not offered 100 | Interactive Brokers 100 100 |
|---|---|---|
| Total tradable symbols i | 2,800 | 15,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | |
| Futures i | Indices, Commodities, Stocks, Bonds | Indices, Commodities |
| Options i | Indices, Commodities, Stocks | Stocks, Indices |
| Assets you can own i | Bonds, ETF, Funds, Stocks | Bonds, Crypto, ETF, Funds, Forex, Stocks |
Platform
What we compare A comparison of the trading platforms that DEGIRO and Interactive Brokers make available to their clients in Australia.Interactive Brokers and DEGIRO cannot be set side by side for platforms, as DEGIRO is a stockbroker and does not offer CFD/FX, unlike Interactive Brokers.
Interactive Brokers is better than DEGIRO for platforms, because Interactive Brokers offers TradingView and one-click trading, which DEGIRO does not. Both DEGIRO and Interactive Brokers offer a proprietary platform and real-time pricing.
| Section score | DEGIRO not offered 71 -9 | Interactive Brokers 80 80 Best |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of DEGIRO and Interactive Brokers in Australia, and of what each one lets you do from your phone.Interactive Brokers and DEGIRO cannot be set side by side for mobile trading, as DEGIRO is a stockbroker and does not offer CFD/FX, unlike Interactive Brokers.
Interactive Brokers is better than DEGIRO for mobile trading, as Interactive Brokers offers mobile charting tools and mobile drawing tools, which DEGIRO does not. Both DEGIRO and Interactive Brokers offer a proprietary mobile app and mobile price alerts.
| Section score | DEGIRO not offered 67 -13 | Interactive Brokers 80 80 Best |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that DEGIRO and Interactive Brokers allow on their platforms in Australia.Interactive Brokers and DEGIRO cannot be set side by side for CFD/FX trading features, as DEGIRO is a stockbroker and does not offer CFD/FX, unlike Interactive Brokers.
Interactive Brokers is better than DEGIRO for real stock trading features, since Interactive Brokers offers fractional shares and tier-1 liquidity providers, which DEGIRO does not, and allows for automated trading. Both DEGIRO and Interactive Brokers offer trailing stops.
| Section score | DEGIRO not offered 68 -17 | Interactive Brokers 75 85 Best |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | NDD |
| Average execution time i | ||
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | |
| Minor/Exotic FX pairs leverage i | 20:1 | |
| Major indices leverage i | 20:1 | |
| Minor indices leverage i | 10:1 | |
| Gold leverage i | 20:1 | |
| Commodities leverage i | 10:1 | |
| Equities leverage i | 3:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | |
| Minimum trade size (stocks) i | US$1 | US$1 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at DEGIRO and at Interactive Brokers in Australia, and of who each one is meant for.Only Interactive Brokers can be assessed for CFD/FX account types, since DEGIRO is a stockbroker and does not offer CFD/FX.
Interactive Brokers is better than DEGIRO for real stock account types, since Interactive Brokers offers a demo account and a retirement account, which DEGIRO does not. Both DEGIRO and Interactive Brokers offer a stock investing account and a margin investing account.
| Section score | DEGIRO not offered 39 -24 | Interactive Brokers 41 63 Best |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with DEGIRO and with Interactive Brokers in Australia.Only Interactive Brokers can be assessed for account opening, since DEGIRO is a stockbroker and does not offer CFD/FX. DEGIRO holds no licence in Australia.
DEGIRO and Interactive Brokers are equally good for account opening, as DEGIRO offers 7 account base currencies (against Interactive Brokers' 5). On the other hand, Interactive Brokers credits deposits faster, within 1 day (against DEGIRO's 2 days), and pays out withdrawals faster, within 1 day (against DEGIRO's 2 days). Neither DEGIRO nor Interactive Brokers requires a minimum deposit. DEGIRO holds no licence in Australia.
| Section score | DEGIRO not offered 60 | Interactive Brokers 60 60 |
|---|---|---|
| Minimum deposit i | US$0 | US$0 |
| Minimum withdrawal i | US$0 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | ||
| Local payment methods i | ||
| Account base currencies i | CHF, CZK, EUR, GBP, HUF, NOK, SEK | AUD, EUR, GBP, HKD, USD |
| Deposit waiting time i | up to 2 business days | up to 1 business days |
| Withdrawal waiting time i | up to 2 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of DEGIRO and Interactive Brokers in Australia, in how it can be reached and how fast it answers.Only Interactive Brokers can be assessed for customer care, since DEGIRO is a stockbroker and does not offer CFD/FX.
DEGIRO is better than Interactive Brokers for customer care, as DEGIRO offers customer support in 14 languages (against Interactive Brokers' 8), has a website in 14 languages (against Interactive Brokers' 8), and offers call-back requests, which Interactive Brokers does not. Both DEGIRO and Interactive Brokers offer phone support and live chat.
| Section score | DEGIRO not offered 71 Best | Interactive Brokers 58 58 -13 |
|---|---|---|
| Number of languages supported i | 14 | 8 |
| Website languages i | Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Portuguese, Spanish | German, English, French, Italian, Japanese, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Portuguese, Spanish | German, English, French, Italian, Japanese, Russian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that DEGIRO and Interactive Brokers provide to their clients in Australia.DEGIRO does not offer CFD/FX, being a stockbroker, so Interactive Brokers and DEGIRO cannot be compared for learning.
Interactive Brokers is better than DEGIRO for learning, because Interactive Brokers offers professional reports, daily market commentary and daily trading ideas, which DEGIRO does not. DEGIRO and Interactive Brokers both offer education for advanced traders and webinars.
| Section score | DEGIRO not offered 63 -37 | Interactive Brokers 100 100 Best |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
DEGIRO vs Interactive Brokers: which one should you choose?
DEGIRO
Stocks Choose DEGIRO if you want a stockbroker and live in a country where it is licensed to operate.
Not licensed in Australia CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Interactive Brokers
CFD/FX Choose Interactive Brokers if you want a CFD/forex broker regulated in Australia by ASIC, with low trading costs.
Stocks Choose Interactive Brokers if you want a broker for securities investing regulated in Australia by ASIC, with TradingView, a demo account and a wide choice of markets.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include DEGIRO or Interactive Brokers, each scored with the same data and method as this page.
