DEGIRO Estonia: Alternatives for 2026

In 2014, DEGIRO expanded its online trading platform across several European countries outside the Netherlands, its country of origin. Today, its parent company flatexDEGIRO reports around 3.66 million customer accounts (June 2026), and DEGIRO serves clients in 15 European countries.

Is DEGIRO available in Estonia?

Yes, but not directly. Estonia is one of DEGIRO’s accepted residency countries, so Estonian residents can open and use an account. What DEGIRO does not have is an Estonian website or local support: its localised sites cover 15 countries, such as Germany, France, Spain and the Netherlands. DEGIRO also does not offer Baltic exchanges such as Nasdaq Tallinn.

In practice, this means you sign up through one of DEGIRO’s existing entities rather than a “DEGIRO Estonia” page. Registration is done via the DEGIRO app, and you will need to be 18 or over, hold a valid form of identification, have a bank account in your own name in the SEPA zone, and be resident in an accepted country (Estonia qualifies). It works, but it is less straightforward than in DEGIRO’s core markets, which is why many Estonian investors compare it with brokers that have a stronger local presence.

Because the setup is less direct and customer support is not tailored to the Estonian market, it is worth comparing DEGIRO against brokers that actively serve Estonian clients before you decide.

Below, we compare the main alternatives available in Estonia.

What is DEGIRO?

Founded in 2008 in Amsterdam (with retail brokerage services launched in 2013), DEGIRO is an online broker that disrupted the European investment industry by allowing ordinary investors to access international markets at low cost. Since 2020 it has been part of flatexDEGIRO, a group with around 3.66 million customer accounts (June 2026).

DEGIRO specialises in offering investors an intuitive yet powerful platform for both desktop and mobile users. You have access to real-time data, a broad range of investment products (stocks, ETFs, bonds, options, futures, and investment funds), and access to more than 45 markets in 30 countries. Its Core Selection of ETFs is available with €0 commission when the order is executed on Tradegate (subject to a €1.00 handling fee for external costs), and US stocks trade for €1.00 per order plus the €1.00 handling fee.

DEGIRO services are provided by flatexDEGIRO Bank SE, a German credit institution supervised by BaFin and the Deutsche Bundesbank, with conduct-of-business oversight in the Netherlands provided by the Dutch Authority for the Financial Markets (AFM). Client assets are covered by the German Investor Compensation Scheme (EdW), which protects up to 90% of non-returned assets with a maximum of €20,000, while cash balances benefit from the German Deposit Guarantee Scheme (up to €100,000).

DEGIRO alternatives in Estonia

DEGIRO does accept Estonian residents, but if you would rather use a broker that is a better fit for the Estonian market, or simply want to weigh your options first, you are in luck. Growing competition has pushed many top online brokers to eliminate commissions on most stock and ETF trades, and Estonia-friendly options have expanded significantly in recent years (including Tallinn-based Lightyear, regulated by the Estonian Financial Supervision Authority).

Based on specific criteria such as regulation, fees, product range, platform usability, EUR base currency support, Estonian-language considerations, education materials, and investor protection, here are our top picks:

Founded in 2007, eToro is an international online broker with over 40 million registered users, offering stocks, ETFs, cryptocurrencies, and CFDs on stocks, ETFs, commodities, forex, indices, and cryptocurrencies. ETFs are commission-free, while real stock trades carry a commission of $1 on most exchanges ($2 on the Australian, Hong Kong, Dubai, Abu Dhabi and Tokyo exchanges), charged when opening and closing a position (other fees apply). Whole or fractional shares are supported, with a $50 minimum first deposit. New users can also claim eToro’s welcome bonus of up to $500 (T&Cs apply).

eToro’s investment platform, available via web and mobile, is a social trading hub. Investors can engage in discussions about markets and trade ideas with peers, replicate strategies through CopyTrader (mirroring Popular Investors), or invest in thematic Smart Portfolios covering themes such as AI, renewable energy, dividend stocks, and crypto. A $100,000 virtual demo account lets Estonian beginners practise without risking real capital.

For Estonian residents, eToro is available via eToro (Europe) Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) and passported across the EU under MiFID II, including Estonia. Client assets are covered by the Cyprus Investor Compensation Fund (ICF) up to €20,000. The main consideration for Estonian users is currency: eligible clients can hold a EUR account, which avoids conversion costs on euro deposits and withdrawals, but buying US stocks still means converting euros into dollars. Withdrawals from the EUR account are free and from the USD account cost $5 (minimum $30). eToro’s fee page lists no inactivity fee.

Want to know more about eToro? Check our eToro review.

Founded in 1978 and publicly listed on NASDAQ (ticker: IBKR, added to the S&P 500 in August 2025), Interactive Brokers is a global online broker that has weathered multiple financial crises, demonstrating resilience and a rigorous risk management framework. At the end of September 2026, it had about 5.58 million client accounts and $964.7 billion in client equity.

Interactive Brokers offers an advanced platform with a broad product range (stocks, options, mutual funds, ETFs, futures, bonds, currencies, and cryptocurrencies) across 170+ markets in 40 countries, including Nasdaq Tallinn (Baltic trades carry an exchange fee of 0.035%, min. €0.30, and a €7 clearing fee on top of the commission), solid trade execution (IB SmartRouting), and a comprehensive set of technical and fundamental tools to support your investment decisions.

For Estonian beginners and intermediate investors, educational content is available via IBKR Campus (formerly Traders’ Academy), although the main TWS platform has a steep learning curve. That is why we primarily recommend it to more advanced traders. Customer support typically provides clear and concise answers, reducing the need for back-and-forth communication.

On the downside, Interactive Brokers’ fee structure is comparatively complex, the registration process is lengthy (though fully online), and the broker does not offer fully commission-free trading. However, when factoring in competitive FX fees (0.002% of the trade value, with a $2 minimum), tight spreads, the Stock Yield Enhancement Program (SYEP), and interest on uninvested cash, Estonian clients can achieve significant savings versus most brokers. EU clients are served by Interactive Brokers Ireland Limited, regulated by the Central Bank of Ireland (CBI) and passported to Estonia under MiFID II, with native EUR base currency support.

Interactive Brokers also offers IBKR GlobalTrader, a modern mobile app for trading stocks, options, and ETFs, designed for beginner investors. Features include automatic currency conversion, fractional shares from $1, a $10,000 virtual demo account, and more.

Want to know more about Interactive Brokers? Check our Interactive Brokers review.

Freedom24 is operated by Freedom Finance Europe Ltd, licensed by the Cyprus Securities and Exchange Commission (CySEC) since 2015 and passported across the EEA under MiFID II, including Estonia. It is part of Freedom Holding Corp. (NASDAQ: FRHC).

Estonian residents can invest in more than 1 million instruments on 15 exchanges in Europe, Asia and the US, including 40,000+ stocks, 3,600+ ETFs from issuers like Vanguard, iShares and Invesco, 145,000+ bonds and US stock options, with access to venues such as NASDAQ, NYSE, LSE and Deutsche Börse. For long-term investors, Freedom24 also offers ETF Investment plans, which let you invest in selected ETFs regularly with €0 commission. The €0 fee applies only to purchases made within the Freedom24 Recurring Investment function, and other fees apply according to the Freedom24 Fee Schedule.

With no minimum deposit, Freedom24 has two pricing plans:

• Smart in EUR: €0.02 per share + €2 per order on US and European stocks and ETFs, and $0.65 per US option contract. It suits investors with lower trading volumes.
• All Inclusive in EUR: 0.5% of the trade value + €0.012 per share + €1.20 per order, and $3 per US option contract + €10 per order. It includes a personal manager.

New EU clients can also get up to 20 gift shares until 31 October 2026, depending on the size of their deposit (T&Cs apply).

The platform is web-based with a mobile app, both clean and intuitive even for beginners. The highlight is the InvestIdeas tab, where Estonian users can review research from Freedom24 analysts on specific stocks and investment themes.

For Estonian residents, Freedom24 provides investor protection up to €20,000 via the Cyprus Investor Compensation Fund. On the downside, the broker charges €7 per withdrawal, does not offer fractional shares and does not offer cryptocurrencies. There is no Estonian-language version of the platform either, so that is worth checking before you open an account.

Want to know more about Freedom24? Check our Freedom24 review.

Revolut Trading is not a standalone app but a feature inside the Revolut app, so it suits Estonian residents who already use Revolut for banking and payments. Commission-free trades depend on your plan: none on Standard and Plus, 5 a month on Premium and 10 on Metal and Ultra. Beyond those, each trade costs €1. There is no custody fee on stocks and ETFs.

Alongside stocks, you can invest in ETFs and bonds, and crypto is offered through a separate entity, Revolut Digital Assets Europe Ltd, licensed under MiCA in Cyprus. The main limitation is product range: Revolut’s stock coverage is narrower than a full broker’s, there is no Nasdaq Tallinn access, and it lacks options and futures. Research and educational content is minimal, so you are largely on your own.

Revolut’s investment services are provided by Revolut Securities Europe UAB, regulated by the Bank of Lithuania and passported to Estonia under MiFID II, with investor protection up to €22,000 under the Lithuanian scheme.

Want to know more about Revolut Trading? Check our Revolut Trading review.

Lightyear is an investment app headquartered in Tallinn. Lightyear Europe AS is regulated by the Estonian Financial Supervision Authority (Finantsinspektsioon, licence 4.1-1/31) and covered by the Estonian investor protection sectoral fund up to €20,000.

There is no Lightyear commission on ETFs (fund manager fees apply). US stocks cost 0.1% per order (minimum $0.10, maximum $1) and euro-denominated stocks €1 per order. Currency conversion costs 0.35%, which you can reduce with the multi-currency account in EUR, GBP and USD. You can also invest in money market funds, which are investments with variable rates, and in crypto.

For Estonian residents, Lightyear also offers an investment account (investeerimiskonto), which lets you defer tax on gains until you withdraw more than you paid in. New users can get a fractional share or ETF worth €10 to €100 with the code INVESTINGINTHEWEB (deposit and other conditions apply).

Want to know more? Check our Lightyear review.

DEGIRO’s advantages

Compared with eToro, Interactive Brokers, Freedom24, Revolut and Lightyear, DEGIRO offers a few benefits worth knowing:

• Trading platform: the interface is about as clean as it gets, balancing minimalism with usefulness. You can find any security by name, ticker symbol or ISIN code.
• Manual conversion: besides automatic conversion (0.25%), DEGIRO lets you keep foreign currency in your account and convert manually for €10 plus 0.25%. If you sell Amazon shares, the proceeds can stay in USD, so you avoid paying a conversion fee on the sale and again when you buy other US stocks.
• Notifications: DEGIRO keeps alerts informative, such as market holidays and regulatory updates, instead of price-movement alerts that can nudge you toward short-term decisions.
• Banking licence: DEGIRO services are provided by flatexDEGIRO Bank SE, so cash in a DEGIRO Cash Account is covered by the German Deposit Guarantee Scheme up to €100,000, a level of cover that brokers without a banking licence cannot offer.

DEGIRO’s drawbacks

When DEGIRO entered the European market, its low-cost model was disruptive. Competitors have since caught up, and many now offer comparable or better pricing. Here are DEGIRO’s main drawbacks:

• Connectivity fee: 0.25% of your account value, capped at €2.50 per exchange per year, for each exchange where you hold positions (excluding your home market). Holding positions on three exchanges can cost up to €7.50 a year.
• Trading and external costs: a €1 handling fee applies to most trades, including Core Selection ETFs. US stocks cost €1 plus €1 handling, and European stocks start at €2 plus €1 handling, depending on the exchange. DEGIRO often delivers tight spreads, but since those are hard to quantify, we have focused on the explicit fees.
• No Estonian localisation: no Estonian-language interface, no local-language support, no tax report tailored to Estonia and no access to Nasdaq Tallinn.
• No fractional shares: DEGIRO does not offer fractional investing, so you always buy whole shares. For investors starting with small amounts, Interactive Brokers, eToro, Revolut and Lightyear are more flexible here.
• Investor protection: securities are covered for 90% of losses up to €20,000, so a €20,000 loss would be compensated with €18,000. The Cyprus, Irish and Estonian schemes that cover the other brokers also cover up to €20,000, while Revolut’s Lithuanian scheme covers up to €22,000.

Which platform should you choose?

Whether you decide to invest in stocks through DEGIRO, eToro, Interactive Brokers, Freedom24, Revolut, or any other trading platform, take the time to compare options before opening an account. For Estonian residents specifically, several factors matter beyond headline pricing:

• Regulation and investor protection: check which entity holds your account and which investor compensation scheme applies, such as the Estonian or Cyprus funds (up to €20,000).
• EUR support: Estonia uses the euro, so brokers with EUR accounts reduce conversion costs on European securities.
• Product range: consider whether you need access to Nasdaq Tallinn, European ETFs, US options, bonds, or cryptocurrencies, and verify each broker supports the markets you plan to use.
• Fees: compare commissions, FX costs, custody fees, inactivity fees, and withdrawal charges as a total cost of ownership rather than focusing on one line item.
• Estonian tax reporting: investment income must be declared to the Maksu- ja Tolliamet (MTA), so a broker providing clear annual reports (or local-language documentation) can simplify compliance. If you use an investment account (investeerimiskonto), check that your broker’s statements give you what you need to track deposits and withdrawals.
• Education and tools: more advanced platforms (e.g., Interactive Brokers via IBKR Campus) offer extensive research and analytics, while social and beginner-friendly options (e.g., eToro, Lightyear) prioritise simplicity.

The best online broker for you will depend on your profile, preferences, and objectives. You can also use our comparison tool.

The above should not be construed as investment advice and is for informational purposes only. Investors should do their own research and due diligence regarding the services and opportunities best suited for their risk, return, and impact strategy, and seek advice from a certified professional or tax adviser if needed.