Interactive Brokers vs DEGIRO — Which One Should You Choose in 2026?

Choosing between Interactive Brokers and DEGIRO is one of the most common dilemmas for European broker users. Both are solid options, but they serve different needs. Let's break down the real differences.

Quick Answer

Both brokers are solid EU-regulated options, so the better choice depends on your profile. DEGIRO suits cost-conscious investors who value a clean, focused experience and a curated commission-free ETF list, while Interactive Brokers fits those wanting a wider feature set, a stronger mobile app, and competitive per-share pricing that can be cheaper for active traders or large orders. Both offer free tiers, EU client-asset segregation, and investor compensation up to standard EU limits (typically EUR 20,000). Neither generates a Polish PIT-38 automatically, so tax reporting stays your responsibility. This is informational material, not investment advice.

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Quick Verdict

Choose Interactive Brokers if: you want a more established platform with a wider feature set and don't mind paying slightly more for premium features.

Choose DEGIRO if: you prioritize simplicity, lower costs, or specific features where DEGIRO has a clear edge.

Feature Comparison

Fees Comparison

Fees are where the biggest differences emerge. Both platforms have evolved their pricing in 2026, and the details matter more than headline rates.

Interactive Brokers Fees

Interactive Brokers offers competitive pricing across its core services. The free tier covers basic needs, while premium plans unlock additional features.

DEGIRO Fees

DEGIRO takes a slightly different approach to pricing, often being more transparent about costs upfront.

Pros and Cons

Interactive Brokers

Pros:

• Large user base and established reputation
• Wide feature set covering multiple financial needs
• Strong mobile app experience

Cons:

• Premium features require paid plans
• Can feel overwhelming for simple use cases
• Customer support can be slow during peak times

DEGIRO

Pros:

• Clean, focused user experience
• Competitive pricing on core features
• Good for specific use cases

Cons:

• Smaller ecosystem compared to Interactive Brokers
• Some features still maturing
• Limited availability in certain countries

Which Is Better for Polish Users?

For users based in Poland, both platforms work well, but there are some differences worth noting:

• PLN support: Check which platform offers better PLN account and conversion rates
• Polish bank transfers: BLIK and Polish domestic transfers availability
• Tax reporting: Neither provides automatic PIT generation, but Freenance can help you track investment income and prepare for tax season

Our Recommendation

There's no universal winner — it depends on your specific needs. For most users, we recommend trying both (free tiers exist) and seeing which fits your workflow better.

Track both accounts in one place: Use Freenance to connect all your financial accounts and see your complete financial picture, regardless of which platform you choose.

Related Comparisons

Check our comparisons hub for more head-to-head reviews of financial products and services.

FAQ

Which broker is cheaper for buying European ETFs?

DEGIRO is traditionally known for low headline costs on European ETFs, with a curated commission-free list and modest fees on others. Interactive Brokers has competitive per-share pricing that can be lower for active traders or large orders. The cheapest option depends on your trade size, frequency, and which specific ETFs you hold.

Is Interactive Brokers available for Polish residents?

Yes — Polish residents can open accounts with both Interactive Brokers and DEGIRO under their EU entities. You'll need standard identity documents and proof of address. Tax reporting in Poland (PIT-38) is your responsibility regardless of broker, since neither provides a Polish-format tax form automatically.

Do these brokers support PLN deposits?

Both platforms accept EUR and major currencies, and DEGIRO offers PLN deposits in some configurations. Interactive Brokers uses multi-currency accounts with transparent conversion rates. Always check the current FX spread and conversion fees before transferring large amounts, since these costs can erode small portfolios over time.

Are my assets safe at DEGIRO and Interactive Brokers?

Both brokers operate under EU regulatory frameworks and maintain client asset segregation. Investor compensation schemes apply up to standard EU limits (typically EUR 20,000 for investments). This protects against broker insolvency but not against market losses — your investments can still rise and fall in value.

Can I transfer my portfolio from one broker to another?

Yes, asset transfers (in-kind transfers) are usually possible between major EU brokers, but they can be slow and may carry fees. Many investors find it simpler to sell positions and rebuy at the new broker — but that triggers a taxable event. Compare both paths carefully before switching.