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DEGIRO Slovenia: alternatives for 2024

Updated on May 20, 2024
Fact checked

In 2014, DEGIRO expanded its online trading platform across several European countries outside the Netherlands, its country of origin. Since then, it has been growing steadily, reaching over 2.8 million clients in 15 countries in Europe.

Is DEGIRO available in Slovenia?

No, DEGIRO is not yet present in Slovenia and has not released any public expansion plans that include Slovenia as one of the following countries to target.

Furthermore, we are unaware of the reason not to be present in Slovenia since it is an EU member and should respect the compliance of the EU regulations. Anyway, there are a lot of DEGIRO competitors that will fulfill your needs!

Want to know the available online brokers in Slovenija? We’ve got you covered!

DEGIRO alternatives in Slovenija

When looking for DEGIRO, you probably became disappointed for not having the opportunity to invest through it, and you are not alone. Still, you are also in luck! The increasing competition has made other top online brokerages eliminate commissions for most stock and ETF trades.

Based on specific criteria such as Demo Account, Free Trading, Education Materials, Security, among others, here it is our top pick:

eToro

With over 30 million customers worldwide, it is a technology-first platform with no trading fees for stocks and ETFs. Ideal for learning the ropes of active trading and for people looking for social trading. Check our eToro review.

Disclaimer: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Interactive Brokers

Founded in 1978, IBKR is one of the world’s most trustworthy brokers. It offers an enormous range of financial products (stocks, ETFs, Options,…), and low currency conversion fees (FX fees). Check our Interactive Brokers review.
💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors.

Plus500

Plus500 is a multi-asset online broker that offers no commissions when trading CFDs in Indices, Forex, Commodities, Cryptocurrencies, Shares, Options, and ETFs. It also recently launched Plus500 Invest for those who want to invest in real shares. Check our Plus500 review.

Disclaimer: 80% of retail CFD accounts lose money.

All these alternatives to DEGIRO are regulated (or registered) by top-tier regulators such as the UK’s Financial Conduct Authority (FCA), Germany’s Federal Financial Supervisory Authority (BaFin) and Cyprus’ Securities and Exchange Commission (CySEC).

eToro at a glance

eToro logo
Visit brokerRead review
0% Commissions (on stocks and ETFs)
Mobile App
ProductsCFDs, ETFs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum deposit$50
RegulatorsCySEC, FCA, and ASIC
Visit eToroRead review

51% of retail CFD accounts lose money.

Founded in 2007,  eToro is an international online broker with over 30 million users who can trade over 3,000 financial assets, including stocks, ETFs, Cryptos, and CFDs on Stocks, ETFs, Commodities, Forex, Indices, and Cryptocurrencies. Stocks and ETFs are traded commission-free, as a whole, or fractional shares (other fees apply).

eToro’s investment platform, accessible through both web and mobile platforms, is a social trading hub. Here, investors can discuss investments, speculations, and market news with fellow investors. eToro also allows users to replicate trading strategies (CopyTrader™) and invest in ready-made investment portfolios (Smart Portfolios) based on thematic investment strategies.

The demo account is beneficial for a beginner ($100,000 of virtual money). It lets you have a real experience hands-on as you would be using real money. So, when switching to a real account, you will notice no difference between your training and the real-life of investing. On the downside, there is a withdrawal of $5, and the only base currency is the USD.

eToro is fully regulated and supervised by top-tier regulators such as the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) in Australia. The subsidiary in Europe, formerly known as “eToro (Europe) Ltd,” is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC).

For more details, visit our eToro review.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


 

Interactive Brokers at a glance

Interactive Brokers logo
Visit brokerRead review
0% Commissions
Mobile App
ProductsStocks, Bonds, ETFs, Forex, Funds, Commodities, Options, Futures and CFDs
Minimum deposit0€
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB
Visit Interactive BrokersRead review

Founded in 1978 and publicly listed in NASDAQ (ticker: IBKR), Interactive Brokers is a global online broker which surpassed major financial crises, showing resilience and a rigorous risk management process.

Interactive Brokers offers an advanced investment platform that includes a wide range of products (stocks, options, mutual funds, ETFs, futures, bonds, and currencies) from 150 markets, solid trade execution (IB SmartRouting), and a set of technical and fundamental tools to help you in your investment decisions.

Beginners and intermediate investors have educational tools to explore, but the learning curve will be steep. That´s why we mainly endorse it to more advanced traders. Besides, the customer service gives crystal clear answers to your doubts, so there is no need to go back and forth.

On the downside, Interactive Brokers’ fee structure is quite complex, the registration process is lengthy but fully online, and the broker doesn’t offer commission-free trading. However, when considering FX fees, narrower spreads, and the stock loan program, Interactive Brokers’ clients still get significant savings compared to most brokers.

Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for beginner investors. Some of the features of IBKR GlobalTrader include automatic currency conversions, fractional shares, demo account, and more.

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

Plus500 at a glance

DEGIRO Slovenia: alternatives for 2024 1
Visit brokerRead review
0% Commissions (only in Plus500 CFD)
Mobile App
ProductsCFDs and, on Plus500 Invest, Real Shares
Minimum deposit€/£/$100
RegulatorsFCA, CySEC, MAS, ASIC, FMA
Visit Plus500Read review

80% of retail CFD accounts lose money.

Founded in 2008, Plus500 is an online broker offering various financial products, including real shares and CFDs on forex, indices, shares, commodities, options, ETFs, and cryptocurrencies. It is available in over 50 countries and is listed on the London Stock Exchange.

There are two distinct account types:

  • Plus500 CFD: It only focuses on CFD products;
  • Plus500 Invest: Where you can trade stocks (real shares);

You will use the WebTrader, Plus500’s proprietary platform, offering a stable trading experience and reliable access from multiple devices, including a mobile app. All platforms are accessible and responsive, and you can start testing the features by opening a demo account.

Their customer support is helpful and readily assessed through a chat that is always shown on the trading platform. Their spreads are low, offering accounts in sixteen currencies, including USD, EUR, and GBP. Still, they charge a 0.70% currency conversion fee and a $10 monthly fee following three months with no activity. On Plus500 Invest, they only charge a small commission per trade (US market: $0.006/share).

Finally, it is regulated by financial regulators like the FCA and CySEC, meaning that Plus500 is appropriately supervised and that there is an investor protection scheme under the entity you open an account. For instance, If you open an account as a European investor through Plus500CY Ltd, you are protected up to €20,000. Additionally, Plus500 provides negative balance protection for CFD trading on a per-account basis – only to retail clients from the European Union.

Want to know more about Interactive Brokers? Check our Plus500 Review.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

DEGIRO’s advantages

When comparing eToro, Plus500 and Interactive Brokers, DEGIRO sets aside a combination of benefits you do not find in other platforms or, at least, are not displayed in the same simplified manner. As a result, you would find the following distinctive positive characteristics:

  • Trading platform: DEGIRO interface is as clean as you can get. It offers the right mixture of being minimalistic and extremely useful at the same time. You can easily find any security through the search engine by entering each product’s name, ticker symbol, or ISIN code.
  • Manual conversion: It lets you perform a manual foreign currency conversion from the base currency of your account (EUR, GBP,…) into nine other currencies (including USD, CHF, EUR). For example, if you sell Amazon shares, you will end up with USD on your balance, even though your base currency is another currency. In other brokers, the USD from the sale of Amazon shares would be automatically converted to your base currency. So, when buying again USD denominated shares, you would need to translate to USD (double currency fee).
  • Notifications: In DEGIRO, you do not get “unnecessary” notifications. Every alert is filled with helpful information such as the national holidays (when the stock market is closed), relevant regulatory updates and other material information. Whereas in other online brokers, you may notice notifications that can lead you to take short-term decisions like “X stock is rising 8%”. So, you need to make a greater effort to stick to your long-term goals.

DEGIRO’s drawbacks

When DEGIRO entered the European market, it was a significant shift to the investment community. However, the “first market player effect” is not relevant anymore because the main competitors have adapted at the speed of light. Here are some cons you would find in DEGIRO and not in eToro, Plus500 and Interactive Brokers:

  • Connectivity Fee: DEGIRO charges €2.50 (max 0.25% of your account value) per year per exchange, meaning that if you are invested in NYSE, NASDAQ and Frankfurt, you will be charged a minimum of €7.50 per year just to have your positions open.
  • Trading and External Costs: DEGIRO offers commission-free trading in some ETFs (core list). Still, you will have to pay €1,00 per transaction for the US, CA, and your home country stocks. Also, €3,90 per transaction is applied in EU stocks and a flat handling fee of €1.00 (external cost) in every transaction (including in the ETFs core selection list). In order not to be unfair, DEGIRO usually presents tighter spreads, but since it is hard to quantify it (depending on several factors), we opted to study the “guaranteed” costs.
  • Investment Protection: As stated earlier, in DEGIRO, you are protected by up to 90% of your investment securities (with a maximum of EUR 20,000). In practice, if the company went bankrupt, you would get €18,000 if you had €20,000 invested in financial instruments. Nonetheless, in the other platforms mentioned, the minimum protection would be the complete €20,000, as guaranteed by the Cyprus Investor Compensation Fund (ICF).

Which platform should you choose?

Whether you decide to invest in stocks through eToro, Plus500 and Interactive Brokers or any other trading platform, you should take the time to compare platforms before deciding which trading platform you would like to use.

Be sure to compare education resources, pricing information and the products offered before pressing the trigger and open an account. This process will help ensure that you do not need to maintain multiple accounts to access all the tools you need.

The best online broker in your specific case will depend on your profile, preference, and objectives. Explore the websites above and decide for yourself!

A reminder that the above should not be construed as investment advice and should be considered information only. Investors should do their own research and due diligence about the services and opportunities best suited for their risk, returns, and impact strategy.

Hope we helped, happy investments!

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About the author
Franklin Silva
Co-Founder & Fintech Analyst

Franklin has three years of experience in Wealth Management as a Fund Research Analyst, has passed the CFA level II, and is the host of the "Edge Over Hedge" YouTube channel.

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