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.
Robinhood
Available in your country Robinhood accepts clients from the country this site is for.
Your money is at risk
Best for
What we compare A comparison of the kinds of traders DEGIRO and Robinhood are best suited to, based on what each one actually offers in Nigeria.DEGIRO is better than Robinhood for news traders. Robinhood, on the other hand, is better for crypto traders. Both are a good fit for day traders, long-term investors and swing traders.
| Overall score | DEGIRO 79 | Robinhood 77 -2 |
|---|---|---|
| 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 Robinhood.DEGIRO and Robinhood are both regulated by top-tier authorities, DEGIRO by AFM and BaFin and Robinhood by LB Lithuania, the SEC (United States) and the CFTC (United States).
| Section score | DEGIRO 100 | Robinhood 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | BaFin (Germany) | LB (Lithuania) |
| 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 Robinhood have in place to protect your money in Nigeria.Both DEGIRO and Robinhood offer segregated client funds and an investor compensation scheme. DEGIRO is also a licensed bank.
| Section score | DEGIRO 99 Best | Robinhood 87 -12 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2008 | 2013 |
| Parent company i | flatexDEGIRO Bank AG | Robinhood Markets, Inc. |
| CEO i | Oliver Behrens | Vlad Tenev |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | flatexDEGIRO Bank AG | Sutton Bank |
| Brand power | ||
| Number of customers worldwide i | 3,000,000 | 27,400,000 |
| Annual revenue i | USD 480,000,000 | USD 3,570,000,000 |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with DEGIRO and with Robinhood in Nigeria, both on each trade and on holding the account.Robinhood is better than DEGIRO for costs, given that Robinhood does not charge US stock fees (against DEGIRO's 4 USD), charges lower options fees, at 0.5 USD per contract (against DEGIRO's 0.75 USD), and does not charge real-time market data fees, unlike DEGIRO. Neither DEGIRO nor Robinhood charges inactivity fees or account maintenance fees.
| Section score | DEGIRO 83 -4 | Robinhood 87 Best |
|---|---|---|
| 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 | ||
| 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 | ||
| S&P 500 fees (CFD) i | ||
| Gold fees (CFD) i | ||
| Bitcoin fees (CFD) i | USD 0.0004 | |
| US stocks fees (CFD) i | Free | |
| Fees on stocks | ||
| Stock fee type i | Commission | |
| US stocks fees (real) i | USD 4 | Free |
| 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 0.75 |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | USD 0.75 | USD 0.5 |
| 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 Robinhood in Nigeria, and of how many instruments each one gives access to.DEGIRO and Robinhood are equally good for available markets, as DEGIRO lets you own bonds and funds outright, and offers futures on stocks and bonds. On the other hand, Robinhood lets you own crypto outright, and gives access to 10,818 tradable symbols (against DEGIRO's 2,800). Both DEGIRO and Robinhood let you own ETFs and stocks outright, and offer futures on indices and commodities.
| Section score | DEGIRO 100 | Robinhood 100 |
|---|---|---|
| Total tradable symbols i | 2,800 | 10,818 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | ||
| Futures i | Indices, Commodities, Stocks, Bonds | Commodities, Crypto, Indices |
| Options i | Indices, Commodities, Stocks | Indices |
| Assets you can own i | Bonds, ETF, Funds, Stocks | Crypto, ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that DEGIRO and Robinhood make available to their clients in Nigeria.DEGIRO is better than Robinhood for platforms, because DEGIRO offers 5-digit pricing, which Robinhood does not. Both DEGIRO and Robinhood offer a proprietary platform and real-time pricing.
| Section score | DEGIRO 71 Best | Robinhood 68 -3 |
|---|---|---|
| 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 Robinhood in Nigeria, and of what each one lets you do from your phone.Robinhood is better than DEGIRO for mobile trading, because Robinhood offers mobile charting tools, which DEGIRO does not. DEGIRO and Robinhood both offer a proprietary mobile app and mobile price alerts.
| Section score | DEGIRO 67 -7 | Robinhood 74 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 Robinhood allow on their platforms in Nigeria.DEGIRO is better than Robinhood for trading features. Both DEGIRO and Robinhood offer trailing stops.
| Section score | DEGIRO 56 Best | Robinhood 53 -3 |
|---|---|---|
| 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 | |
| Minor/Exotic FX pairs leverage i | 0:1 | 0:1 |
| Major indices leverage i | 0:1 | 0:1 |
| Minor indices leverage i | 0:1 | 0:1 |
| Gold leverage i | 0:1 | |
| Commodities leverage i | 0:1 | |
| Equities leverage i | 3:1 | 2:1 |
| Cryptocurrency leverage i | 0:1 | |
| 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 | ||
| 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 Robinhood in Nigeria, and of who each one is meant for.Robinhood is better than DEGIRO for account types, since Robinhood offers a retirement account, which DEGIRO does not. DEGIRO and Robinhood both offer a stock investing account and a margin investing account.
| Section score | DEGIRO 39 -5 | Robinhood 44 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 Robinhood in Nigeria.Robinhood is better than DEGIRO for account opening, because Robinhood offers debit cards, which DEGIRO does not. Neither DEGIRO nor Robinhood requires a minimum deposit.
| Section score | DEGIRO 60 -5 | Robinhood 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 | USD |
| Deposit waiting time i | up to 2 business days | up to 2 business days |
| Withdrawal waiting time i | up to 2 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of DEGIRO and Robinhood in Nigeria, in how it can be reached and how fast it answers.DEGIRO is better than Robinhood for customer care, as DEGIRO offers customer support in 14 languages (against Robinhood's 1), has a website in 14 languages (against Robinhood's 1), and offers call-back requests, which Robinhood does not. Both DEGIRO and Robinhood offer phone support and live chat.
| Section score | DEGIRO 71 Best | Robinhood 42 -29 |
|---|---|---|
| Number of languages supported i | 14 | 1 |
| Website languages i | Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Portuguese, Spanish | English |
| Website available in English i | ||
| Customer support languages i | Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Portuguese, Spanish | English |
| 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 Robinhood provide to their clients in Nigeria.Robinhood is better than DEGIRO for learning, because Robinhood offers professional reports, daily trading ideas and a glossary, which DEGIRO does not. DEGIRO and Robinhood both offer education for advanced traders and education for beginners.
| Section score | DEGIRO 63 -7 | Robinhood 70 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 Robinhood: which one should you choose?
DEGIRO
Stocks Choose DEGIRO, regulated by the AFM and BaFin, if you want a stockbroker with several account base currencies and bonds and funds to own outright.
Open Account 73-89% of retail investor accounts lose money when trading CFDs.
Robinhood
Stocks Choose Robinhood, regulated by the SEC and the FCA, if you want a broker for securities investing with commission-free US stocks, a wide choice of markets and fractional shares.
Open Account Your money is at riskOther popular comparisons
Below are other head-to-head comparisons that include DEGIRO or Robinhood, each scored with the same data and method as this page.
