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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.
Broker 1
Broker 2
| VS field |  |  |
|---|---|---|
Decision summary | ||
| Overall score | 78 | 91 |
| Trust score | 82 | 100 |
| Cost score | 78 | 92 |
| Platform score | 72 | 92 |
| Withdrawal score | 76 | 89 |
| Best for | New Zealand residents investing in US shares and ETFs · Long-term investors using fractional shares, DRIP or auto-invest · Parents/guardians opening lower-cost Kids Accounts | European self-directed investors seeking low-cost access to stocks and ETFs · Investors who prefer web/mobile platforms and exchange-traded products |
| Watch out | Needs verification | Needs verification |
Trust & regulation | ||
| Regulators | DriveWealth is regulated in the US by FINRA and is a SIPC member; Hatch is a member of FSCL and complaints can also be made to the FMA. Source | Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB. Source |
| License numbers | Hatch Invest NZ Limited FSP1002151; NZBN 9429050041824 Source | Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245. Source |
| Regulated entities | Hatch Invest NZ Limited; DriveWealth, LLC Source | DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main. Source |
| Negative balance protection | No leveraged CFD/forex or margin product was identified; cash brokerage accounts make negative balance protection not applicable rather than disclosed as a separate protection. Source | No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only. Source |
| Investor compensation | SIPC protection via DriveWealth and FDIC bank sweep for uninvested cash. Source | Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply. Source |
| Restricted countries | NZ-focused service; first deposit requires NZ bank; full country restriction list not found. Source | Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page. Source |
Costs & account conditions | ||
| Minimum deposit | No minimum deposit amount; no minimum investment amount, with investing from as little as $1 USD mentioned on the pricing page. Source | No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account. Source |
| Spread from | Hatch provides cash equity/ETF investing rather than spread-based CFD/forex trading; no trading spreads are advertised for brokerage. Source | Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs. Source |
| Commission | USD 3 stock/ETF brokerage up to 300 shares; tiered auto-invest; lower Kids Account fees. Source | Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply. Source |
| Maximum leverage | Margin accounts are not available through Hatch, so leverage is not applicable for Hatch accounts. Source | DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources. Source |
| Deposit fee | 0.5% FX on NZD deposits; USD deposits have no Hatch fee. Source | No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees. Source |
| Withdrawal fee | 0.5% FX; no hidden extra withdrawal fee. Source | No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees. Source |
| Inactivity fee | No monthly fees or inactivity fees. Source | No inactivity fee; UK fee page lists inactivity fee as €0. Source |
Markets, platforms & payments | ||
| Tradable assets | Full and fractional shares in individual companies and ETFs listed on NYSE and Nasdaq. Source | Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability. Source |
| Trading platforms | Hatch online/web platform and account portal; no separate third-party trading terminal advertised. Source | DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android. Source |
| Account types | Individuals over 18, Kids Accounts through a parent/guardian, and family trusts are supported. Source | DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available. Source |
| Deposit methods | First deposit must be NZD from a New Zealand bank account in the customer's name; later deposits may include USD and selected alternative services. Source | Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency. Source |
| Withdrawal methods | Withdrawals are currently only to NZ-registered banks; USD is exchanged to NZD and deposited into the customer's New Zealand bank account. Source | Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn. Source |
| Withdrawal processing time | Typically 2-4 business days; allow up to a week in some cases. Source | Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete. Source |
BrokerVS provides broker comparison research only. Scores and evidence can vary by country, account type, and legal entity; users should verify source links before opening an account.