DEGIRO Luxembourg: Alternatives for 2026

In 2014, DEGIRO expanded its online trading platform beyond the Netherlands, its country of origin, into several European markets. Since then it has grown steadily, reaching over 3 million clients across 18+ European countries.

Is DEGIRO available in Luxembourg?

Yes, but not directly. Luxembourg is one of DEGIRO’s accepted residency countries, so residents can open and use an account. What DEGIRO does not have is a dedicated Luxembourg website or a local entity, and Luxembourg is not one of its focus markets – those are the countries with localised sites, such as Germany, France, Spain, and the Netherlands.

In practice, this means you sign up through one of DEGIRO’s existing entities rather than a “DEGIRO Luxembourg” page. Registration is done via the DEGIRO app, and you will need to be 18 or over, hold valid identification, have a euro-denominated bank account within the SEPA zone, and be a tax resident in an accepted country (Luxembourg qualifies).

Worth knowing before you decide: DEGIRO operates as the Dutch branch of flatexDEGIRO Bank AG, a German credit institution supervised by BaFin and the Deutsche Bundesbank, passported into Luxembourg under MiFID II with CSSF oversight. Client assets are covered by the German Investor Compensation Scheme (90% of losses up to €20,000), and cash held with flatexDEGIRO Bank AG up to €100,000 under the German Deposit Guarantee Scheme. Note also that DEGIRO applies a €2.50 annual connectivity fee per exchange, and does not support Luxembourg-specific tax reporting, so you will need to declare investment income yourself.

It works, it is simply less straightforward than in DEGIRO’s core markets, which is why many investors in Luxembourg prefer brokers with a stronger local fit. Want to know the alternatives available in Luxembourg? Read on.

Best DEGIRO alternatives in Luxembourg

DEGIRO does accept residents of Luxembourg, but if you would rather use a broker better suited to your situation, or simply want to weigh your options first, there is plenty of choice. Growing competition has pushed many leading online brokers to eliminate commissions on most stock and ETF trades.

All the alternatives below are regulated by top-tier authorities such as the UK’s Financial Conduct Authority (FCA), Germany’s BaFin, Ireland’s Central Bank, and Cyprus’ CySEC, and passport into Luxembourg under MiFID II with CSSF oversight. Investor compensation coverage is typically €20,000, though it varies by entity, so it is worth confirming which one will hold your account.

Based on criteria including demo account availability, commission-free trading, educational materials, and security, here are our top picks:

Founded in 2007, eToro is an international online broker with over 40 million users across 140+ countries, offering more than 3,000 financial assets including stocks, ETFs, cryptocurrencies, and CFDs on stocks, ETFs, commodities, forex, indices, and cryptocurrencies.

On pricing, ETFs trade commission-free regardless of transaction size or how the order is placed, whether manually, through CopyTrader, or via Smart Portfolios. Stock trades carry a $1 commission on most exchanges ($2 on the Australian, Hong Kong, Dubai, Abu Dhabi, and Tokyo exchanges), applied both when opening and closing a position. Whole and fractional shares are supported, with a $50 minimum first deposit and other fees applying.

eToro’s platform, available via web and mobile, is a social trading hub. Investors can discuss trade ideas and market news with peers, replicate strategies through CopyTrader (mirroring Popular Investors), or invest in ready-made Smart Portfolios built around themes such as AI, renewable energy, or dividend investing.

The demo account is particularly useful for beginners ($100,000 of virtual money), replicating live conditions so the switch to a real account feels seamless. On the downside, eToro operates in USD as its only base currency, so EUR deposits are converted to USD (FX cost around 50 pips), with the same applying on withdrawal. There is also a $5 withdrawal fee and a $10 monthly inactivity fee after 12 months without login.

eToro is regulated by top-tier authorities including the FCA (UK), ASIC (Australia), and the SEC/FINRA (US). Luxembourg residents are served by eToro (Europe) Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) and passported into Luxembourg under MiFID II with CSSF oversight. Client assets are covered by the Cyprus Investor Compensation Fund up to €20,000, plus additional Lloyd’s of London insurance up to €1 million per eligible client. eToro has been listed on NASDAQ (ticker: ETOR) since its May 2025 IPO.

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

Founded in 1978 and publicly listed on NASDAQ (ticker: IBKR; an S&P 500 constituent since 2024), Interactive Brokers is a global online broker that has weathered multiple financial crises, demonstrating resilience and a rigorous risk management framework. It serves 3 million+ client accounts worldwide.

Interactive Brokers offers an advanced platform covering stocks, options, mutual funds, ETFs, futures, bonds, currencies, and cryptocurrencies across 170+ markets in 36+ countries, with solid execution via IB SmartRouting and a comprehensive set of technical and fundamental tools.

Beginners and intermediate investors have educational resources through IBKR Campus (formerly Traders’ Academy), though the main TWS platform has a steep learning curve, which is why we primarily recommend it to more experienced investors. Customer support typically provides clear, concise answers.

On the downside, the fee structure is comparatively complex, registration is lengthy (though fully online), and IBKR does not offer fully commission-free trading. However, factoring in FX conversion at 0.20 basis points (minimum $2), tight spreads, the Stock Yield Enhancement Program, and interest paid on uninvested EUR and USD balances, clients still achieve significant savings versus most brokers. There is no minimum deposit and native EUR base currency support.

Luxembourg clients are served by Interactive Brokers Ireland Limited, regulated by the Central Bank of Ireland and passported into Luxembourg under MiFID II with CSSF oversight.

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

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

3. Freedom24

Part of Freedom Holding Corp (NASDAQ: FRHC), Freedom24 serves more than 500,000 clients worldwide. You can invest in stocks, ETFs, bonds, futures, and US options at competitive European pricing, with access to international markets including NASDAQ, NYSE, CME, HKEX, LSE, Deutsche Börse, and KASE.

Freedom24 offers more than 3,600 ETFs from leading issuers including Vanguard, iShares, and Invesco, alongside the Bonds Showcase, which gives access to a curated list of higher-rated bonds (B+ and above) from as little as €/$1,000 – a useful complement for investors building a fixed income allocation.

Two main pricing plans are available: Smart in EUR for self-directed investors and All Inclusive in EUR (formerly Prime) for those wanting a dedicated account manager. Brokerage fees start from €1.20 per order plus €0.008 per share or ETF unit, with no minimum deposit.

The web platform and mobile app are well designed and intuitive, even for beginners. The standout feature is the InvestIdeas tab, which surfaces research from Freedom24’s analyst team covering individual stocks and investment opportunities, complemented by Freedom Academy for educational content.

On the downside, Freedom24 charges €7 per withdrawal, has an above-average currency conversion fee (though you can deposit directly in EUR, USD, or GBP without conversion), and does not offer cryptocurrencies.

Freedom Finance Europe Ltd is regulated by CySEC and passported into Luxembourg under MiFID II with CSSF oversight, with investor compensation coverage up to €20,000. Parent company Freedom Holding Corp is NASDAQ-listed and subject to SEC reporting, PCAOB audit oversight, and Sarbanes-Oxley compliance, which adds a level of transparency uncommon among European brokers.

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

Founded in 2008, Plus500 is an online broker offering real shares alongside CFDs on forex, indices, shares, commodities, options, ETFs, and cryptocurrencies. It operates in over 50 countries and is listed on the London Stock Exchange (ticker: PLUS), where it is a FTSE 250 constituent.

There are two distinct account types:

• Plus500 CFD: focused exclusively on CFD products;
• Plus500 Invest: for trading real shares.

The main platform is WebTrader, Plus500’s proprietary system, offering a stable experience across devices including a mobile app. All platforms are responsive, and you can test the features through a demo account before funding.

Customer support is accessible through a chat window permanently visible within the trading platform. Spreads are competitive, and accounts are available in 16 base currencies including EUR, USD, and GBP, so Luxembourg investors can hold in euros and avoid conversion on deposit. Plus500 charges a 0.70% currency conversion fee on CFDs (0.30% on Plus500 Invest) and a $10 monthly inactivity fee after three months without account activity. On Plus500 Invest, commissions are modest at $0.006 per share on US markets (minimum $1).

Plus500 is regulated by authorities including the FCA (UK), CySEC (Cyprus), ASIC (Australia), MAS (Singapore), and DFSA (Dubai). Luxembourg investors are onboarded through Plus500CY Ltd, covered by the Cyprus Investor Compensation Fund up to €20,000, with CSSF oversight under MiFID II passporting. Negative balance protection now applies globally rather than only to EU retail clients.

As a side note, Plus500US, available only to US users for futures and prediction markets trading, is also part of the Plus500 group.

Want to know more about Plus500? Check our Plus500 review.

Founded in 2002 in Warsaw and publicly listed on the Warsaw Stock Exchange (ticker: XTB), XTB is a major European broker with more than 1.7 million clients across 16 countries, regulated by the FCA (UK), KNF (Poland), CySEC (Cyprus), BaFin (Germany), and AFM (Netherlands), with CSSF oversight in Luxembourg under MiFID II passporting.

XTB offers 0% commission on real stocks and ETFs up to €100,000 of monthly turnover (0.2% above, with a €10 minimum), alongside a strong CFD and forex offering with competitive pricing. Vanilla options were added to the range in early 2026, and XTB pays cash interest on uninvested EUR balances linked to ECB policy.

The platform also covers commodities and cryptocurrency CFDs, though crypto CFD spreads are relatively wide compared with its competitive forex pricing. On the downside, XTB charges a €10 monthly inactivity fee after one year without trading and no deposit in the past 90 days. Opening an account and transferring money is quick and fully online, with a demo account available.

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

DEGIRO’s unique advantages

Compared with eToro, Plus500, Interactive Brokers, and XTB, DEGIRO combines a few benefits you will not easily find elsewhere, or at least not presented as simply. The distinctive strengths:

• Trading platform: the DEGIRO interface is about as clean as it gets, balancing minimalism with genuine usefulness. You can locate any security through the search function using its name, ticker symbol, or ISIN code;
• Manual currency conversion: DEGIRO lets you convert manually from your account base currency into nine other currencies. If you sell Amazon shares, the proceeds stay in USD on your balance rather than converting automatically. At brokers that auto-convert, you would pay a conversion fee on the sale and again when buying USD-denominated shares – effectively a double charge. For investors who trade the same foreign market repeatedly, this alone can outweigh other cost differences;
• Notifications: DEGIRO keeps alerts informative rather than promotional, covering market holidays, regulatory updates, and other material information. Some competitors send price-movement alerts (“X stock is up 8%”) that can nudge you toward short-term decisions, making it harder to stick to a long-term plan.

DEGIRO’s unique drawbacks

When DEGIRO entered the European market it represented a genuine shift for retail investors. That first-mover advantage has largely eroded, however, as competitors have moved quickly. Here are the drawbacks you would encounter at DEGIRO but not at eToro, Plus500, Interactive Brokers, or XTB:

• Connectivity fee: DEGIRO charges €2.50 per year per exchange (capped at 0.25% of your account value). If you hold positions on NYSE, NASDAQ, and Frankfurt, that is a minimum of €7.50 annually simply to keep those positions open;
• Trading and external costs: DEGIRO applies a €1.00 handling fee to every transaction, including trades in the commission-free Core Selection ETF list. On top of that, US, Canadian, and home-market stocks cost €1.00 per order, and other European stocks €3.90 per order. In fairness, DEGIRO often delivers tighter spreads, but since spread quality is hard to quantify consistently, we have focused on the costs you can be certain of;
• Investor protection: at DEGIRO you are covered for 90% of your securities up to €20,000. In practice, if you held €20,000 in financial instruments and the institution failed, you would recover €18,000. At the alternatives listed here, the coverage is the full €20,000 under the Cyprus Investor Compensation Fund or equivalent. That said, cash held with flatexDEGIRO Bank AG is separately guaranteed up to €100,000 under the German Deposit Guarantee Scheme, which is more generous than most brokers offer on cash balances.

Which platform should you choose?

Whether you invest through eToro, Plus500, Interactive Brokers, XTB, or DEGIRO itself, it is worth comparing platforms properly before committing.

For investors based in Luxembourg, a few factors deserve particular weight:

• Total cost of ownership: compare commissions, currency conversion, custody charges, connectivity fees, and inactivity fees together. A broker with slightly higher per-trade costs but no recurring charges can work out cheaper over a long holding period;
• EUR base currency: brokers offering native euro accounts (Interactive Brokers, XTB, DEGIRO, Plus500) avoid the conversion costs that apply on USD-only platforms such as eToro;
• Regulation and protection: all the brokers here passport into Luxembourg under MiFID II with CSSF oversight, but the entity holding your account determines your compensation coverage. Confirm which one applies to you;
• Tax reporting: none of these brokers provide Luxembourg-specific tax reporting, so you will need to declare investment income yourself. Keep clear records of purchase dates and prices, and consider consulting a local tax adviser if your portfolio is substantial;
• Product range: check the broker covers what you actually intend to hold, whether that is bonds, options, or access to specific exchanges.

The best broker for you will depend on your profile, preferences, and objectives. Explore the platforms above and decide for yourself.

The above should not be construed as investment advice and is provided for informational purposes only. Investors should do their own research and due diligence regarding the services and opportunities best suited to their risk, return, and impact strategy.

If you need further guidance or have questions, feel free to reach out to us.