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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 |
|
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 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.
Image 1: Home page of the Degiro website
Image Copyrights reserved to the Degiro website
Degirois one of the most trustworthy brokers in Europe, having been licensed by many financial regulatory agencies.
DEGIRO merged with flatex DEGIRO Bank AG, a German financial regulator largely controlled and overseen by the Federal Financial Supervisory Authority (BaFin).
All operations on the DEGIRO trading platform are also under the supervision of the Dutch Central Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) in the Netherlands.
The platform is authorized and governed by the Financial Conduct Authority (FCA) in the UK, which increases its security and trustworthiness.
The European Central Bank (ECB) in the UK, has indirect oversight of flatex DEGIRO Bank AG.
Table 2: Degiro Regulation details
| Country | Regulation | Headquarters | Registered office |
|---|---|---|---|
|
Netherlands |
Amsterdam, Netherlands |
|
|
|
United Kingdom |
|||
|
Germany
|
|||
|
Netherlands |
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 |
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 |
Image 2: Awards won by Degiro website
Image Copyrights reserved to the Degiro website
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
ETFs
Funds
Bonds
Options
Futures
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 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.
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.
DEGIRO enables bond investments. Bonds from European stock exchanges such as those in Amsterdam, Lisbon, Paris, Brussels, and Frankfurt are available.
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.
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.
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
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.
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.
The following are the numerous account types and features that DEGIRO offers for tradingaccounts:
The Degiro Account types are:
Custody account
Basic account
Active account
Trader account
Day trader account
There is no demo account offered by the broker.
The following are the different fees that apply based on the type of account and the asset you are trading:
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 |
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
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.
DEGIRO doesn’t provide a welcome bonus, deposit bonus, or sign-up bonus.
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.
Image 3: Investor’s Academy section on the Degiro website
Image Copyrights reserved to the Degiro website
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.
Access to global stock exchanges.
For ETFs, shares, and bonds, it charges the lowest commission rates.
Its mobile application and web platform are linked. |
You won't be able to buy or sell any currency or cryptocurrency Investing in CFDs is not an option. There is no demo version on DEGIRO. DEGIRO does not provide fractional stocks. |
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 |
 Email |
|
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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.
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