Degiro: Popular European low-cost platform, but there’s no ISA

Degiro is one of the largest brokers in Europe. It offers low cost trading that works out particularly economical if you're trading EFTs and UK stocks. It's a slightly unusual way of charging in that there are 'handling fees' and commission to pay with each transaction which can make comparison with other platforms slightly tricky but our analysis finds that it's good value in many instances (see extended 'Fees' section below for analysis). There's a potentially hefty price to pay if you decide to transfer out of Degiro, however, which it's advisable to know about in advance.

On choice, Degiro offer a good range of ETFs and stocks from 50 global exchanges across 30 countries, as well as bonds, funds, investment trusts, commodities and - for more experienced traders - derivatives, trading with margin, and short-selling.

The main issue for many investors will be the lack of an ISA. There's no personal pension either so you can only invest through a general investment account, which means you can't take advantage of those tax benefits of an Sometimes called an investment ISA, a stocks and shares ISA is an individual savings account that allows you to invest in shares, unit trusts, investment funds, and bonds. You will not need to pay tax on any income or capital gains earned on investments within an ISAISA or A self-invested personal pension (SIPP) is a type of private pension that allows you to control the specific investments that make up your pension fundSIPP.