name: DEGIRO FinOps
description: >
  DEGIRO operates a commission-per-trade pricing model with no fixed monthly
  costs. API usage itself carries no direct cost — charges are incurred only
  when trades are executed or currency conversions are performed. The following
  guidance supports cost estimation, budget governance, and FinOps practices
  for teams or individuals using the DEGIRO platform programmatically.
costs:
  - category: Trade Commissions
    description: >
      Each order execution incurs a per-trade commission plus a EUR 1 handling
      fee. Commission rates vary by asset class and exchange. Automated trading
      strategies must account for round-trip costs (buy + sell) in profitability
      calculations.
    billing_model: per_transaction
    items:
      - name: Stock trade (home exchange)
        unit_cost: "EUR 2-4.90 + EUR 1 handling"
        notes: "Varies by country; e.g. EUR 3 for NL/IE, EUR 2 for US stocks"
      - name: ETF Core Selection trade
        unit_cost: "EUR 1 (first monthly trade per ETF free)"
        notes: "Available on Tradegate exchange"
      - name: ETF non-Core trade
        unit_cost: "EUR 3 + EUR 1 handling"
      - name: Options contract
        unit_cost: "EUR 0.75 per contract + EUR 1 handling"
      - name: Futures contract
        unit_cost: "EUR 0.50 per contract + EUR 1 handling"
      - name: Bond trade
        unit_cost: "EUR 2 + EUR 1 handling"

  - category: Currency Conversion
    description: >
      DEGIRO automatically converts currencies at a 0.25% spread when trading
      instruments denominated in a foreign currency. Manual conversions incur a
      higher flat fee. Automated strategies trading cross-currency instruments
      should model FX conversion costs in their execution economics.
    billing_model: percentage_of_transaction
    items:
      - name: Auto currency conversion
        unit_cost: "0.25% of transaction value"
      - name: Manual currency conversion
        unit_cost: "EUR 10 + 0.25% of transaction value"

  - category: Financing Costs
    description: >
      Margin accounts and leveraged positions incur annual financing charges.
      CFD positions carry daily financing costs based on the overnight rate.
      Debit cash balances also incur interest.
    billing_model: annualized_rate
    items:
      - name: Margin loan interest
        unit_cost: "3% per annum"
      - name: Debit cash balance interest
        unit_cost: "Variable; published in DEGIRO fee schedule"

  - category: No-Cost Items
    description: >
      Items that incur no direct charges, enabling leaner cost models for
      read-heavy API workflows.
    billing_model: free
    items:
      - name: Account maintenance
        unit_cost: "Free"
      - name: Cash withdrawals
        unit_cost: "Free (1 free withdrawal per month; subsequent free as well)"
      - name: Inactivity fee
        unit_cost: "None"
      - name: Custody / safekeeping fee
        unit_cost: "None"
      - name: Market data access (via platform)
        unit_cost: "Free with account"
      - name: Company news and profiles
        unit_cost: "Free with account"
      - name: Account reports (CSV/PDF/XLS)
        unit_cost: "Free with account"

optimization:
  - strategy: Use Core Selection ETFs for cost reduction
    description: >
      The DEGIRO Core Selection offers free monthly first-trade execution on
      a curated set of ETFs on Tradegate. Automated rebalancing strategies
      should prefer Core Selection instruments when possible to minimize
      per-trade costs.

  - strategy: Batch API reads to stay within implied rate limits
    description: >
      Since DEGIRO's API is undocumented and rate-limited by heuristic
      detection, batch portfolio reads and market data fetches into minimum
      necessary calls. Avoid polling loops shorter than 2-second intervals to
      reduce risk of session termination.

  - strategy: Model round-trip costs before executing automated strategies
    description: >
      Every automated buy-sell cycle incurs at minimum EUR 2-10 in commissions
      and handling fees plus up to 0.5% in FX conversion. Strategies should
      target minimum price movements that exceed these friction costs before
      execution to be economically viable.

  - strategy: Minimize currency conversions
    description: >
      Where possible, fund the DEGIRO account in the currency of the target
      instruments to avoid 0.25% auto-conversion charges on each trade. Holding
      multi-currency balances reduces ongoing FX friction for international
      trading strategies.