Degiro
ForexTB
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Overview
Degiro was founded in 1934 and is headquartered in Netherlands, while ForexTB was established in 2015 and is based in Cyprus. Degiro holds licences including Financial Conduct Authority (FCA), while ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Degiro serves 600,000+ clients worldwide; ForexTB has 5,000+. The minimum deposit is $0 at Degiro and $250 at ForexTB.
| Feature | Degiro | ForexTB |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB) | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 |
| Founded | 1934 | 2015 |
| Country | Netherlands | Cyprus |
| Clients | 600,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between Degiro and ForexTB, directly affecting your bottom line as a trader. Degiro has a lower barrier to entry with a minimum deposit of $0 (vs $250 at ForexTB). Neither broker charges withdrawal fees. Overall, Degiro scores higher on fees in our assessment.
| Feature | Degiro | ForexTB |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Degiro offers MT4, MT5, cTrader, while ForexTB supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Degiro | ForexTB |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Degiro and ForexTB compare. ForexTB runs regular live webinars; Degiro does not. Both provide video tutorials. ForexTB publishes daily market commentary; Degiro does not. Both integrate third-party research tools. ForexTB maintains an archive of past webinars for on-demand viewing. ForexTB scores higher overall in education and research.
| Feature | Degiro | ForexTB |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Degiro accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while ForexTB supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Degiro | ForexTB |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Degiro and ForexTB offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Degiro | ForexTB |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |