Trading 212 vs DEGIRO: Which Low-Cost Broker Wins? (2026)
Trading 212 offers truly zero-commission investing with innovative features like Pies and AutoInvest. DEGIRO is a veteran low-cost broker with access to 50+ exchanges. Here's how they compare for European investors.
Fee comparison
| Feature | Trading 212 | DEGIRO |
|---|---|---|
| ETF commission | €0 | €1 (Core Selection) |
| Stock commission | €0 | €2-5 |
| FX conversion | 0.15% | 0.25% (Auto FX) |
| Annual fee | €0 | €2.50/exchange |
| Interest on cash | ~2-3% (varies) | €0 |
| Fractional shares | Yes | No |
| Available ETFs | ~1,500 | ~5,000 |
| AutoInvest | Yes (Pies) | No |
Trading 212 is cheaper on every individual metric — zero commissions, lower FX fees, and interest on cash. DEGIRO's advantage is the sheer breadth of available investments — more ETFs, more exchanges, more asset types. If the specific ETF or stock you want isn't on Trading 212, DEGIRO almost certainly has it.
Pies and AutoInvest — Trading 212's killer feature
Trading 212's "Pies" let you create a portfolio of stocks and ETFs, set target allocations, and AutoInvest a fixed amount automatically. It rebalances for you. This is genuinely useful and something DEGIRO doesn't offer. For investors who want a hands-off approach, Pies is a significant advantage.
Safety comparison
DEGIRO operates under a German banking license (flatexDEGIRO Bank AG) with €100,000 cash protection under the German deposit guarantee. Trading 212 is authorized by the FCA (UK) and CySEC (EU). Client funds are held in segregated accounts. Both are safe, but DEGIRO's banking license provides an extra layer of regulatory protection.
Our verdict
Choose Trading 212 if: You want truly zero-cost investing, like automated portfolio building (Pies), value fractional shares, or want interest on uninvested cash.
Choose DEGIRO if: You need access to a wider range of ETFs and exchanges, prefer the security of a banking license, or want to trade options and futures.
See how fees impact your portfolio long-term