Scores, winners and data below compare these brokers as CFD brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
DEGIRO
Available in your country DEGIRO accepts clients from the country this site is for.
73-89% of retail investor accounts lose money when trading CFDs.
Interactive Brokers
Available in your country Interactive Brokers accepts clients from the country this site is for.
57.9% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders DEGIRO and Interactive Brokers are best suited to, based on what each one actually offers in Nigeria.Interactive Brokers is better than DEGIRO for professional traders, high-volume traders and scalpers. Both are a good fit for day traders, long-term investors and swing traders.
| Overall score | DEGIRO not offered 79 -2 | Interactive Brokers 85 81 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise DEGIRO and the ones that supervise Interactive Brokers.DEGIRO and Interactive Brokers are both regulated by top-tier authorities, DEGIRO by AFM and BaFin and Interactive Brokers by CBI Ireland, ASIC (Australia) and the SEC (United States).
| Section score | DEGIRO not offered 100 | Interactive Brokers 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | BaFin (Germany) | CBI (Ireland) |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that DEGIRO and Interactive Brokers have in place to protect your money in Nigeria.DEGIRO and Interactive Brokers both offer segregated client funds and an investor compensation scheme. DEGIRO is also a licensed bank.
| Section score | DEGIRO not offered 99 Best | Interactive Brokers 95 95 -4 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2008 | 1978 |
| Parent company i | flatexDEGIRO Bank AG | IBG LLC |
| CEO i | Oliver Behrens | Milan Galik |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | flatexDEGIRO Bank AG | |
| Brand power | ||
| Number of customers worldwide i | 3,000,000 | 3,337,000 |
| Annual revenue i | USD 480,000,000 | USD 6,205,000,000 |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with DEGIRO and with Interactive Brokers in Nigeria, both on each trade and on holding the account.Interactive Brokers and DEGIRO cannot be compared for CFD costs, because Interactive Brokers is a broker offering both CFDs and stocks while DEGIRO is a stockbroker.
DEGIRO is better than Interactive Brokers for real stock costs, because DEGIRO charges lower futures fees, at 0.75 USD per contract (against Interactive Brokers' 0.85 USD), and does not charge withdrawal fees or dividend withholding, unlike Interactive Brokers. Neither DEGIRO nor Interactive Brokers charges inactivity fees or account maintenance fees.
| Section score | DEGIRO not offered 83 Best | Interactive Brokers 85 43 -40 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | USD 4.65 | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 3.325 | |
| S&P 500 fees (CFD) i | ||
| Gold fees (CFD) i | ||
| Bitcoin fees (CFD) i | USD 0.0012 | |
| US stocks fees (CFD) i | USD 0.005 | |
| Fees on stocks | ||
| Stock fee type i | Commission | |
| US stocks fees (real) i | USD 4 | |
| ETF fees (real) i | USD 9.28 | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | USD 0.75 | USD 0.85 |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | USD 0.75 | USD 0.65 |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with DEGIRO and with Interactive Brokers in Nigeria, and of how many instruments each one gives access to.DEGIRO does not offer CFDs, being a stockbroker, so Interactive Brokers and DEGIRO cannot be compared for CFD markets.
DEGIRO and Interactive Brokers are equally good for real stock markets, as DEGIRO offers futures on stocks. On the other hand, Interactive Brokers lets you own crypto and forex outright, and gives access to 15,000 tradable symbols (against DEGIRO's 2,800). Both DEGIRO and Interactive Brokers let you own bonds, ETFs, funds and stocks outright, and offer futures on indices, commodities and bonds.
| Section score | DEGIRO not offered 100 | Interactive Brokers 100 100 |
|---|---|---|
| Total tradable symbols i | 2,800 | 15,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | |
| Futures i | Indices, Commodities, Stocks, Bonds | Bonds, Commodities, Crypto, Forex, Indices |
| Options i | Indices, Commodities, Stocks | Bonds, Commodities, Crypto, ETF, Forex, Indices, Stocks |
| Assets you can own i | Bonds, ETF, Funds, Stocks | Bonds, Crypto, ETF, Funds, Forex, Stocks |
Platform
What we compare A comparison of the trading platforms that DEGIRO and Interactive Brokers make available to their clients in Nigeria.Interactive Brokers and DEGIRO cannot be set side by side for platforms, as DEGIRO is a stockbroker and does not offer CFDs, unlike Interactive Brokers.
Interactive Brokers is better than DEGIRO for platforms, because Interactive Brokers offers TradingView and one-click trading, which DEGIRO does not. Both DEGIRO and Interactive Brokers offer a proprietary platform and real-time pricing.
| Section score | DEGIRO not offered 71 -9 | Interactive Brokers 80 80 Best |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of DEGIRO and Interactive Brokers in Nigeria, and of what each one lets you do from your phone.Interactive Brokers and DEGIRO cannot be set side by side for mobile trading, as DEGIRO is a stockbroker and does not offer CFDs, unlike Interactive Brokers.
Interactive Brokers is better than DEGIRO for mobile trading, as Interactive Brokers offers mobile charting tools and mobile drawing tools, which DEGIRO does not. Both DEGIRO and Interactive Brokers offer a proprietary mobile app and mobile price alerts.
| Section score | DEGIRO not offered 67 -13 | Interactive Brokers 80 80 Best |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that DEGIRO and Interactive Brokers allow on their platforms in Nigeria.Interactive Brokers and DEGIRO cannot be set side by side for CFD trading features, as DEGIRO is a stockbroker and does not offer CFDs, unlike Interactive Brokers.
Interactive Brokers is better than DEGIRO for real stock trading features, since Interactive Brokers offers fractional shares and tier-1 liquidity providers, which DEGIRO does not, and allows for automated trading. Both DEGIRO and Interactive Brokers offer trailing stops.
| Section score | DEGIRO not offered 56 -17 | Interactive Brokers 71 73 Best |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | NDD |
| Average execution time i | ||
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 0:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 0:1 | 20:1 |
| Major indices leverage i | 0:1 | 20:1 |
| Minor indices leverage i | 0:1 | 10:1 |
| Gold leverage i | 0:1 | 20:1 |
| Commodities leverage i | 0:1 | 10:1 |
| Equities leverage i | 3:1 | 3:1 |
| Cryptocurrency leverage i | 0:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | |
| Minimum trade size (stocks) i | USD 1 | USD 1 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at DEGIRO and at Interactive Brokers in Nigeria, and of who each one is meant for.Only Interactive Brokers can be assessed for CFD account types, since DEGIRO is a stockbroker and does not offer CFDs.
Interactive Brokers is better than DEGIRO for real stock account types, since Interactive Brokers offers a demo account and a retirement account, which DEGIRO does not. Both DEGIRO and Interactive Brokers offer a stock investing account and a standard account.
| Section score | DEGIRO not offered 39 -14 | Interactive Brokers 54 53 Best |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with DEGIRO and with Interactive Brokers in Nigeria.Only Interactive Brokers can be assessed for account opening, since DEGIRO is a stockbroker and does not offer CFDs.
Interactive Brokers is better than DEGIRO for account opening, as Interactive Brokers offers 17 account base currencies (against DEGIRO's 7), credits deposits faster, within 1 day (against DEGIRO's 2 days), and pays out withdrawals faster, within 1 day (against DEGIRO's 2 days). Neither DEGIRO nor Interactive Brokers requires a minimum deposit.
| Section score | DEGIRO not offered 60 -5 | Interactive Brokers 65 65 Best |
|---|---|---|
| Minimum deposit i | USD 0 | USD 0 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | ||
| Local payment methods i | ||
| Account base currencies i | CHF, CZK, EUR, GBP, HUF, NOK, SEK | AUD, CAD, CHF, CNY, CZK, EUR, GBP, HKD, HUF, JPY, MXN, NOK, NZD, RUB, SEK, SGD, USD |
| Deposit waiting time i | up to 2 business days | up to 1 business days |
| Withdrawal waiting time i | up to 2 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of DEGIRO and Interactive Brokers in Nigeria, in how it can be reached and how fast it answers.Only Interactive Brokers can be assessed for customer care, since DEGIRO is a stockbroker and does not offer CFDs.
DEGIRO is better than Interactive Brokers for customer care, as DEGIRO offers customer support in 14 languages (against Interactive Brokers' 8), has a website in 14 languages (against Interactive Brokers' 8), and offers call-back requests, which Interactive Brokers does not. Both DEGIRO and Interactive Brokers offer phone support and live chat.
| Section score | DEGIRO not offered 71 Best | Interactive Brokers 58 58 -13 |
|---|---|---|
| Number of languages supported i | 14 | 8 |
| Website languages i | Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Portuguese, Spanish | German, English, French, Italian, Japanese, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Portuguese, Spanish | German, English, French, Italian, Japanese, Russian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that DEGIRO and Interactive Brokers provide to their clients in Nigeria.DEGIRO does not offer CFDs, being a stockbroker, so Interactive Brokers and DEGIRO cannot be compared for learning.
Interactive Brokers is better than DEGIRO for learning, because Interactive Brokers offers professional reports, daily trading ideas and traders' sentiment, which DEGIRO does not. DEGIRO and Interactive Brokers both offer education for advanced traders and webinars.
| Section score | DEGIRO not offered 63 -29 | Interactive Brokers 92 92 Best |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
DEGIRO vs Interactive Brokers: which one should you choose?
DEGIRO
Stocks Choose DEGIRO, regulated by the AFM and BaFin, if you want a stockbroker.
Open Account 73-89% of retail investor accounts lose money when trading CFDs.
Interactive Brokers
CFD Choose Interactive Brokers, regulated by the FCA and the SEC, if you want a CFD and forex broker with reliable order execution and room for high-frequency strategies.
Stocks Choose Interactive Brokers, regulated by the FCA and the SEC, if you want a broker for securities investing with a wide choice of markets, several account base currencies and a demo account.
Open Account 57.9% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include DEGIRO or Interactive Brokers, each scored with the same data and method as this page.
