Degiro Review
4.9
Degiro is a popular and reputable online brokerage that offers a cost-effective and accessible trading solution for investors and traders. With its competitive pricing,
wide range of tradable instruments, and user-friendly platform, Degiro stands as an attractive choice for individuals seeking a reliable and affordable brokerage.
Degiro is a cost-effective and accessible brokerage solution with its competitive pricing, wide range of tradable instruments, user-friendly platform, international market access, regulatory compliance, research tools, and responsive customer support.
Whether you are a seasoned trader or a beginner, Degiro offers the tools and resources necessary for successful trading and investing.
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Regulated by top-tier authorities
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Strong banking background
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Fast, digital account opening
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Lowest market fees compare to other brokers
Overview
Year founded
Minimum deposit
Withdrawal fee amount
Available
Offerings
Platforms available
2008
0$
0$
Stock, ETF, Fund, Bond, Options, Futures
Mobile, Web
Account Opening
DEGIRO makes account opening is fast and fully digital process, and there is no minimum deposit requirement. Verification is completed swiftly as well. DEGIRO provides four types of accounts: Basic, Active, Trader, and Day Trader. Each account profile carries different levels of investment risk, with Basic having the lowest risk and Day Trader having the highest. It's important to note that utilizing Derivatives, Debit Money (margin trading), and Debit Securities (short selling) services involves additional risks, potentially leading to a negative balance that exceeds your deposit. To open a DEGIRO account, follow five simple steps: Enter your email and create a password, complete the registration by submitting a copy of your ID or passport, take the appropriateness test, agree to the real-time price conditions, and finally, transfer funds to your investment account.
Safety
The legal entity associated with the DEGIRO brand is flatexDEGIRO Bank Dutch Branch, which serves as the Dutch division of flatexDEGIRO Bank AG. When you open an account with DEGIRO, you are entitled to investor protection for securities up to €20,000. Additionally, any uninvested cash held in your DEGIRO Cash Account is protected for up to €100,000. However, it's important to note that negative balance protection is not provided. As a regulated bank in Germany, flatexDEGIRO Bank AG is primarily overseen by the German financial regulatory authority, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). DEGIRO also informs regulators in other countries where it operates about its activities. In the Netherlands, the Dutch Central Bank (DNB) is responsible for monitoring DEGIRO's integrity. DEGIRO is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Established in 2008, DEGIRO is headquartered in Netherlands.
Risk Disclaimer
Trading securities carries a significant level of risk. When it comes to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is substantial exposure to various risks. These risks include, but are not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility. They can have a significant impact on the price or liquidity of a currency or related instrument. It is important to note that the methods, techniques, or indicators provided in these products may not necessarily yield profits, and there is a possibility of incurring losses. For more information on the risks associated with forex trading, please refer to further resources.
Summary
DEGIRO is an investment firm that operates under the supervision of highly regarded financial authorities, ensuring regulatory compliance. Notably, DEGIRO has recently acquired a secure banking background.
One of the advantages of DEGIRO is that it does not impose a minimum deposit requirement or charge any inactivity fees. Furthermore, the account opening process is swift, and transaction costs are generally kept at a minimum.
However, it's important to note that DEGIRO does not offer forex trading as part of its services. Additionally, the majority of clients can only make deposits and withdrawals through bank transfers.