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Articles / DEGIRO vs Nextmarkets: 2023 Comparison

DEGIRO vs Nextmarkets: 2023 Comparison

Franklin Carneiro da Silva| Updated September 11th, 2023

Are you confused about whether to choose DEGIRO or Nextmarkets as a broker for your investing needs?

In this side-by-side comparison, we analyse DEGIRO and Nextmarkets to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.

Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!

DEGIRO vs Nextmarkets: 2023 Comparison 1
Visit DEGIROAsset 3

Investing involves risk of loss.

Ideal for
Low-cost trading from Europe

DEGIRO is a European low-cost brokerage firm that has become very popular due to its low rates! With over 2.5 million users, the platform has become widely known for its “do-it-yourself” philosophy.

It offers a wide range of financial assets to trade, including stocks, ETFs (check the list of free ETFs), bonds, options, futures contracts, warrants, investment funds, and some leveraged products.

The mobile app and web trading platform are basic but very efficient and straightforward to use. Some downsides are the absence of any significant fundamental research and the lack of pricing alerts.

DEGIRO vs Nextmarkets: 2023 Comparison 2
Visit NextmarketsAsset 3

56.65% of retail CFD account lose money.

Ideal for
Curated investing

Nextmarkets is an online broker well-tailored for those with a basic understanding of the financial markets. It has a very intuitive and hassle-free mobile app.

You can invest in financial products such as shares, ETFs, CFDs on shares, ETFs, indices, forex, bonds, cryptocurrencies, and commodities.

With “curated investing”, Nextmarkets wants to allow you to benefit from the experience of proven experts (called “coaches”) and stock market professionals.

Pros and Cons

Pros

  • List of commission-free ETFs available
  • User-friendly web and mobile app
  • Wide range of investment options
  • Education material: Investor’s Academy and Investing with DEGIRO
  • Low overall commission structure
  • No account opening, inactivity, or withdrawal fee

Cons

  • 0.25% currency conversion fee (charged if you deposit or invest in a different currency than your base currency)
  • €/£1 flat handling fee (charged in most transactions)
  • €/£2.50 of connectivity fee (paid annually), per exchange where you’re invested
  • Does not offer Forex, CFDs, and Cryptos
  • No demo account
  • Little research
  • Low-quality customer support

Pros

  • Zero commission trading for all asset classes (orders above €250)
  • No custody, inactivity and deposit/withdrawal fee
  • Fast account opening process (less than 5 min)
  • No minimum deposit
  • No currency conversion fee
  • Good customer support
  • Demo Account

Cons

  • €1 commission per order below €250
  • The web platform is a little “buggy”
  • No clear distinction between real shares and CFDs
  • Spreads are above average
  • No fundamental data
  • No educational materials
  • The minimum withdrawal is €150
DEGIRO vs Nextmarkets: 2023 Comparison 3
DEGIRO vs Nextmarkets: 2023 Comparison 4
  •  
  • General Information
  • Founded in
  • Demo Account
  • Account Minimum
  • Interest on unninvested cash (annually)
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks
  • EU stocks
  • ETFs
  • Cryptocurrencies
  • Custody Fee
  • Inactivity Fee
  • Withdrawal Fee
  • Connectivity Fee
  • Currency Conversion Fee
  • Security
  • Regulators
  • Investor Compensation Scheme(per person, per institution)
  • DEGIROAsset 3

    Investing involves risk of loss.

  • General Information
  • Founded in2008
  • Demo Account
  • Account Minimum€/£1
  • Interest on unninvested cash (annually)0%
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks€/£1**+ €/£1 flat handling fee
  • EU stocks€/£3.90**+ €/£1 flat handling fee
  • ETFsETF Core List: €/£0 (+€/£1 flat handling fee)**Other ETFs: €/£2 (+€/£1 flat handling fee)
  • Cryptocurrencies-
  • Custody Fee€/£0
  • Inactivity Fee€/£0
  • Withdrawal Fee€/£0
  • Connectivity Fee€/£2.50
  • Currency Conversion Fee0.25%
  • Security
  • RegulatorsAFM, DNB
  • Investor Compensation Scheme(per person, per institution)

    Securities: up to €20,000 (from non-returned assets up to 90%)
    Cash balance: up to €100,000

  • NextmarketsAsset 3

    56.65% of retail CFD account lose money.

  • General Information
  • Founded in2014
  • Demo Account
  • Account Minimum€1
  • Interest on unninvested cash (annually)EUR: Up to 2.30%
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs*On Stocks, ETFs, Indices, Bonds, Cryptocurrencies, and Commodities.
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks€0**€1 for orders below €250.
  • EU stocks€0**€1 for orders below €250.
  • ETFs€0**€1 for orders below €250.
  • CryptocurrenciesNot Applicable**$20 spread on Crypto CFDs.
  • Custody Fee€0
  • Inactivity Fee€0
  • Withdrawal Fee€0
  • Connectivity Fee€0
  • Currency Conversion Fee0%
  • Security
  • RegulatorsMSFA
  • Investor Compensation Scheme(per person, per institution)Up to €20.000 **From non-returned assets up to 90%.
Franklin Carneiro da Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

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