I’ve been using DEGIRO for many months now. And I just got the news that DEGIRO will increase its fees for securities, options and futures. At first I was afraid that this would increase my fees for investing. Fortunately, it turns out this is not the case. So far, I have been quite satisfied with my experience with DEGIRO.
The increase is due to new European Regulations (MIFID II). These regulations are made to better protect investors. And also to improve the efficiency of the stock market. These rules apply to investment firms and trading platforms, such as DEGIRO. They increase the requirements on the internal execution of client orders. This lead to increased costs for DEGIRO on the execution of orders. They decided to adjust their fees because of this.
Three products will become more expensive. Securities (except for US and Canadian markets) will see 0.018% extra fee. Futures and options will see a 0.15 EUR extra fee. That means that Swiss securities are now 5 CHF + 0.058%. And an option on Eurex is now 0.90 EUR per contract.
This is not a huge difference. But it’s still noticeable for people using these products. Fortunately for me, I’m only buying ETFs. And the price of ETFs did not change! For passive investor using only ETFs, this will not make any difference!
The new tariffs will be active from August 15th. However, DEGIRO is saying it’s temporary. This should last at most 18 months. In fact, they are looking for options on how to make it back to the previous low. I think that shows that they are really committed to keep the fees very low. While still keeping the same level of service. We’ll see how that goes. I’ll keep you informed anyway.
What do you think of these new fees ? Does that impact you ?