DEGIRO is a tradingplatform where you can trade different kinds of securities, including ETFs, stocks, funds, bonds, options, warrants, and futures. This DEGIRO overview of our trading critique site will provide you with a clear explanation of its numerous services and assist you in determining whether it meets your needs.
Table 1: Degiro Overview
| Degiro Highlights | |
|---|---|
| Regulated By | The Financial Conduct Authority (FCA)United Kingdom |
| The Netherlands Authority for the Financial Markets (AFM)Netherlands | |
| The Federal Financial Supervisory Authority(BaFin)Germany | |
| The Dutch Central Bank (DNB)Netherlands | |
| Account Types | Custody account Basic account Active account Trader account Day trader account |
| Demo account | NO |
| Islamic account | NO |
| Minimum deposit | $0 |
| Payment Method | E-wallets Bank transfers |
| Account Base Currencies | HUF, CZK, PLN NOK, CHF, SEK, EUR, GBP, DKK |
| Trading platforms | Browser-based (Mobile and Web) |
| Commission | YES |
| Customer Support | 24/5 |
| Market Instruments | Details |
| Shares | YES |
| Funds | YES |
| Bonds | YES |
| ETFs | YES |
| Options | YES |
| Futures | YES |
| Forex | NO |
| CFDs | NO |
| Cryptocurrencies | NO |
Degiro Review- An Intro
DEGIRO introduced its online brokerage services in the Netherlands in 2013. DEGIRO and Flatex AG collaborated in 2020. The Dutch Branch of flatexDEGIRO Bank AG is flatexDEGIRO Bank Dutch Branch, doing business as DEGIRO. The largest online execution-only broker in Europe was created with the merger of Degiro B.V. and flatexDEGIRO Bank AG the following year.
DEGIRO very just entered the broker industry. But since then, it has succeeded in becoming one of the industry benchmarks, with more than 2 million members and a presence in 18 European nations. As a result, DEGIRO has rapidly grown to become one of the biggest brokers in Europe The SDAX listed flatex DEGIRO AG in December 2020, making the company one of the 160 biggest German listed businesses.
Degiro- Knowledge bites
DEGIRO is a flexible broker because it offers a large selection of instruments that may be traded in numerous markets. Since then, DEGIRO has grown across 18 European nations, providing retail investors to take benefit of a highly competitive commission structure.Additionally, the company partnered with flatex , in 2020 after the company bought a 100% stake in it while keeping the DEGIRO identity.
Regulations & Reliability Review of Degiro
Degirois one of the most trustworthy brokers in Europe, having been licensed by many financial regulatory agencies.
Table 2: Degiro Regulation details
| Country | Regulation | Headquarters | Registered office |
|---|---|---|---|
| Netherlands | the Netherlands Authority for the Financial Markets (AFM) | Amsterdam, Netherlands | DEGIRO AmsterdamRembrandt Tower – 9th FloorAmstelplein 11096 HA Amsterdam, the Netherlands |
| United Kingdom | The Financial Conduct Authority (FCA) | ||
| Germany | the Federal Financial Supervisory Authority (BaFin) | ||
| Netherlands | the Dutch Central Bank (DNB) |
Safety of Funds Review of Degiro
- After the merger with Flatex AG, DEGIRO is now subject to the German Deposit Guarantee Scheme, which mandates that the broker guarantee up to €100,000 of the funds put in its Cash Account.
- DEGIRO divides the assets of the clients into different companies.
- This indicates that whether or not the broker goes bankrupt, the clients will not lose their investments.
- DEGIRO does not offer negative balance protection to its customers;however,this shouldn’t be an issue since it does not trade in forex and CFDs.
Review of Accepting Countries of Degiro
Investors have access to international markets via DEGIRO. Clients are given the chance to profit from a truly global diversification of assets as a result. Many more international markets are also accessible through DEGIRO which are mentioned below:
Table 3: Accepted and Denied countries of Degiro
| Accepted countries | Denied Countries |
|---|---|
| Germany Austria Hungary Czech Republic Ireland Poland France the United Kingdom Spain Greece Finland the Netherlands Italy Switzerland Norway Portugal Denmark Sweden | Canada Australia the US |
Review on Awards won by Degiro broker
The broker DEGIRO, winner of more than 86 international awards, is recognized as the greatest, fairest, and most affordable option to invest in online. Following are a few of the honors DEGIRO has received:
Table 4: Awards of Degiro
| Awards | Awarded by |
|---|---|
| FAIREST ONLINE BROKER | Fairness award 2019 |
| BEST ONLINE BROKER | Cashcow 2019 |
| BEST STOCKBROKER | Rankia 2018 |
| BEST LOW-COST BROKER | Financial Times & Investors Chronicle 2019 |
Investments, Products, and Instruments Review of Degiro
You can trade with hundreds of products at DEGIRO and get access to a variety of markets. Supported markets and asset classes include:
Financial Instruments that you can trade using Degiro:
Shares
The DEGIRO enables investment in shares of different European and global stock markets. NASDAQ, NYSE, the Madrid Stock Exchange, NYSE MKT, Singapore Exchange, Australian Securities Exchange, European exchanges, London Stock Exchange, and the SIX Swiss Exchange are just a few of the stock exchanges from which you can find shares.
You can access corporate shares on the four continents of North America, Europe, Asia, and Oceania through DEGIRO.
ETFs
ETFs are a product that both retail and non-retail investors find to be very popular. While they are comparable to mutual funds, they are easy to buy and sell and usually have lower trading costs. Nearly 4,700 ETFs from numerous marketplaces are available to you through the DEGIRO. ETFs can be purchased via exchanges in Brussels, Paris, Madrid, Hong Kong, Singapore, Germany, Italy, and more.
If you invest more than €1,000 or the equivalent in the currency in which your account trades, DEGIRO will not charge you any fees for your monthly trade in a selection of about 200 ETFs.
Funds
Shares of mutual funds can be purchased and sold. More than 400 investment funds from managers like Vanguard, BNP Paribas, BlackRock, Amundi, Allianz, ING, and JPMorgan are available through DEGIRO.
Bonds
DEGIRO enables bond investments. Bonds from European stock exchanges such as those in Amsterdam, Lisbon, Paris, Brussels, and Frankfurt are available.
Options
DEGIRO offers trading choices on numerous international markets, including MEFF, Eurex, CME, etc. Option orders can be placed using any order type, excluding stop loss and stop limit orders.
Futures
DEGIRO provides “Direct to Market” futures trading on exchanges like NASDAQ OMX Nordic-Helsinki, IDEM, Eurex, and others. Similar to options, futures trading does not provide order types like stop loss and stop limit.
Trading platforms available in Degiro– A Review
DEGIRO offers both a web-based tradingplatform and a mobile trading app. The trading interface is intuitive and accessible in the local language. It has many features, including:
Trading platforms that can be used for trading in Degiro :
- DEGIRO Web Trader
- DEGIRO Mobile app
Web Trader platform
It is simple to use and visually stunning to use the DEGIRO WebTrader platform. It may be a great choice for investors seeking for a low-cost trading platform. The web platform for DEGIRO is only accessible in your local language.
DEGIRO Mobile app
Traders may make investment decisions whenever they want and wherever they want with DEGIRO’s mobile app, which is built for mobile trading. Both Android and iOS users can download the Degiro Mobile app. The DEGIRO mobile app is simple to use and intuitive.
Users can make watchlists from the Favorites settings so they can conveniently trade from the DEGIRO app. Other exchanges with mobile apps lack the automated Favorites synchronization between the website and the mobile app.
Review of Types of Accounts available in Degiro
The following are the numerous account types and features that DEGIRO offers for tradingaccounts:
The Degiro Account types are:
Custody account
- The custody account requires no initial deposit, and commission-free trading is allowed.
- Bods, trackers, shares, and investment funds can all be traded often through the custodial account, which is an entry-level account.
- All traders can use it for free, except for real-time prices.
- These extensive accounts accommodate nearly all of the needs of the traders and have the leverage of 1:100.
Basic account
- One live account type is available to customers of DEGIRO.
- There is no minimum deposit requirement for this account type.
- DEGIRO’s basic account is best suited for beginners.
- The spread in this account may change, which is another thing that traders need to be aware of.
- Users select the basic account mostly because they are commission-free.
- Users of basic accounts are permitted to freely trade on products with leverage.
- They can’t sell short stocks or buy DEGIRO margins.
Active account
- All the features of basic and custody accounts are combined in Active accounts.
- The ability to go short and the opportunity to buy with up to 50% of your available margin is also available.
Trader account
- Since there is no minimum deposit requirement, the trader account is comparable to the basic account.
- The spreads are also highly variable.
- Due to the lack of commissions and the traders’ access to 1:50 leverage, users with trading accounts favor it.
- In addition to these options, the DEGIRO trading account also enables customers to buy at least 100% of the available margins.
- They get direct access to processing for free dividends and coupons.
Day trader account
- The variable spread is available to traders with day trader accounts, and no initial deposit is necessary.
- The traders get access to 1:100 leverage and pay no commissions.
- Users select this account because derivatives are readily available, and traders can buy up to 100% of the available margin.
- Additional margins are accessible, particularly during open trading hours.
Demo Account Review of Degiro
There is no demo account offered by the broker.
Fees & Commissions Review of Degiro
The following are the different fees that apply based on the type of account and the asset you are trading:
- DEGIRO won’t charge you for inactive, deposit and withdrawal fees.
- For each market, they must pay an annual charge of €/£2.5 be sides your home market.
- If you trade in other currencies, there is also a 0.25% foreign exchange fee.
- It will cost €1 to buy shares, ETFs, and warrants on the US market. They will be priced at £2.75 per transaction for the UK market.
The commission that DEGIRO applies based on its various operations is detailed below:
Table 5 : Commissions of various instruments on Degiro
| Instruments | Commission |
|---|---|
| STOCKS | |
| US stocks | €1 / transaction |
| European stocks | €3.90 / transaction |
| London Stock Exchange | £1.75 + £1 |
| Hong Kong, Australia, Singapore, and Japan stocks | €5 / transaction |
| OPTIONS | |
| the US, Germany, Spain, and Nordic countries | €0.75 / contract |
| FUTURES | |
| the US, Germany, Spain, and Nordic countries | €0.75 / contract |
| Mutual Funds | |
| All countries | €3.90 + 0.20% |
| ETF | |
| All countries | €2 / transaction |
Deposit & Withdrawal Methods Review of Degiro
You won’t be charged anything by DEGIRO to deposit and withdrawmoney. E-wallets and bank transfers are both acceptable methods of depositing funds. Bank transfer is the only withdrawal option offered by Degiro. There won’t be a minimum deposit required
Leverage available on Degiro– A Review
DEGIRO provides the opportunity to invest by using its leverage. Only active professional traders are permitted to use the 300x maximum leverage ratio. There is an optional leverage option in the Active, Trader, and Day trader profiles.For custody and basicaccounts, leverage tradingis not available.
Bonus Review of Degiro
DEGIRO doesn’t provide a welcome bonus, deposit bonus, or sign-up bonus.
Education and Research Review of Degiro
DEGIRO provides a selection of top-notch educational resources through its specialized portal “Investor’s Academy”. You won’t find many tutorials on DEGIRO that you can watch and benefit from. A few of their videos are available on their YouTube channel. You have a section with fundamental news items and Blogs that may influence your investments. An economic calendar is offered to keep you informed of major financial news.
Advantages & Disadvantages of Degiro
Degiro has both advantages and disadvantages which are listed in Table 6.
Table 6 : Pros and Cons of the Degiro website
 Pros |  Cons |
|---|---|
| Major, top-tier financial regulators have granted licenses to DEGIRO. | You won’t be able to buy or sell any currency or cryptocurrency. |
| Access to global stock exchanges. | Investing in CFDs is not an option. |
| For ETFs, shares, and bonds, it charges the lowest commission rates. | There is no demo version on DEGIRO. |
| Its mobile application and web platform are linked. | DEGIRO does not provide fractional stocks. |
Customer Support Review of Degiro
DEGIRO exclusively offers customer care via phone calls and emails, and it does it in 18 different languages. English, French, Italian, Czech, German, Spanish, Portuguese, Portuguese, Hebrew, Hindi, Romanian, Slovenian, Arabic, and Russian are the languages that are supported.On weekdays, the DEGIRO customer service is only open from 7 am to 9 pm. A significant drawback of DEGIRO is that it does not offer live chat support for customers.
Table 7 : Customer support service details of Degiro
| Customer Support | |
|---|---|
| Phone | +31 20 261 3072 |
| clients@Degiro.co.uk | |
In a Nutshell– Degiro Review
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Frequently Asked Questions – Degiro
1. When was Degiro established?
Degiro was founded in 1934.
2. What is Degiro’s required minimum deposit?
To start trading with Degiro, there is no required minimum deposit.
3. Is Degiro governed?
The Financial Conduct Authority (FCA), the Netherlands Authority for the Financial Markets (AFM), and the Dutch Central Bank (DNB) oversee Degiro.
4. Are negative balance protections available with Degiro?
Degiro does not offer negative balance protection.
5. Does Degiro provide a demo account?
Degiro does not offer the option of a demo account.
