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Degiro Guide – Read our In-Depth Degiro Review

This Degiro review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Degiro review does not apply to US users.

This Degiro review contains the latest information about Degiro.

If you are a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You'll acquire proficient at all of the concepts of brokerage since you keep trading. For starters, you need to select the ideal broker who'll be transparent with you constantly.

In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment plan will generate hefty returns. Degiro is just one such stage which will take you along with your investment into great heights. It's crucial to understand all about Degiro until you trust them with your money.

Degiro review

Our full Degiro Review covers everything you need to know about trading using Degiro. A fantastic agent can multiply your first investments and give you positive profits. If you would like to earn profits, you should trade with a broker service that aligns with your investing objectives.

There's absolutely no sure-fire way to guarantee profits; thus, you must carefully analyze your agent before you select them. It is a frequent misconception that all brokers are the same, but that's not true. Wrong judgment, initially, can set your investments in danger.

Degiro is a broker which has forged its way successfully to the broker world. In this review, we have attempted to collate some of the important aspects of Degiro. This review can help you to know whether Degiro is a good match for your own investments or not. We've tried to breakdown all of the features and charges for your advantage.

Degiro Review, Table Of Contents

Who are Degiro?

Degiro is a forex broker headquartered in Netherlands and provides a variety of instruments for trading. Since its inception in 1934, Degiro has emerged as a top-tier player in the field of online brokerage. Degiro has a highly aggressive and full-featured trading website that's focused on forex, indices, metals, stocks , commodities.

Over the past 87 years, Degiro has grown into one of the leading online brokers.

After establishing in 1934, their client base has become as big as 600,000+ clients.

Degiro is the favorite for many dealers.. Our Degiro review discovered that they are an superb choice for automated trading solutions. It is best suited for investors that are looking for a variety of assets. Social and automated trading options are the core at Degiro.

Technology plays a substantial role at Degiro. Degiro features trading on MetaTrader 4. Degiro is honest, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB). Their outstanding array of tools will be beneficial for most traders. Third-party partnerships also provide in-house research.

The trader resource section at Degiro is very enlightening for new traders since it allows them to have a closer look in the financial markets. Degiro caters to all sorts of traders and are a must-have broker for any well-diversified method of trading.

Benefits of trading with Degiro?

Trading with Degiro comes with many benefits. These advantages are what sets Degiro apart from all other online brokers. You need to check all of the advantages listed so that you have a better understanding of Degiro.

The agent goes to great lengths to comprehend what dealers need. As a result, the support price is low, fast, and convenient. The broker also gives a variety of programs for all kinds of traders. Degiro ensures that the individual needs of all online traders are completely met.

Degiro also includes excellent trading conditions which are available to just an elite class of institutional clients. The tight spreads and quick executions are a fantastic benefit for the traders. The technology embraced by Degiro is of the highest caliber, ensuring that it's fast, reliable, and efficient.

Degiro admits the importance of having a quick order execution. A quick implementation will allow users to trade without fretting about slippage safely. It is going to also help the dealers to grab the utmost profitable opportunities.

Automated trading is another important facet of Degiro. A new dealer can learn from business experts using the automated trading option. The tight spread starts from as low as 0.0 pips, even though they are offered for only razor balances.

Degiro has over 84 trading tools to support all types of traders. These tools are lively and suitable for both new and seasoned traders. The dealers can put aside all their concerns when trading with Degiro.

Degiro overview

Year Founded: 1934

Regulated By: Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)

Hedquarters: Netherlands

Minimum Deposit: $0

Number Of Clients: 600,000+

Your capital is at risk

If you feel that Degiro is not right for you then at the bottom of this Degiro review you wil find a lot of alternatives to Degiro.

What you ought to know about trading using Degiro

Degiro is a lively platform that offers various procedures of online trading. These instruments cover the monetary markets substantially. The Majority of the brokerage platforms offer less procedures than Degiro

If you would like to trade with Degiro, you will need a minimum deposit of $0. This deposit is mandatory if you want to begin trading using Degiro. This 2021 Degiro review will direct you clearly about trading with them.

Degiro is as flexible as another broker platform. Degiro is excellent for traders who want a manageable array of cheap services. The platforms provided by Degiro are third party, white-label offerings. All traders can pick from MetaTrader 4.

Together with everything, Degiro has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction has to be kept open. The agents offer premium customer service which rewards customers with advantages.

Many less reputable brokers try to pressurise users into larger financing for superior services. Degiro, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater benefits will come along.

Degiro accounts are available around the world and provides outstanding service everywhere they have clients. There are some select few countries where Degiro accounts are not available. Traders in the following countries cannot open or use a Degiro account:

Is Degiro Safe To Trade With?

Established in 1934, Degiro has been in operation for 87 years, they have a head office in Netherlands.

Degiro is regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB). These bodies have rules that make sure that trading platforms have ploicies in place to keep investor's assets secured. This means that Degiro users do not need to be worried about their money as it's segregated and safely stored in banks that are established. SSL encryption secures every user's personal information also.

You are able to make use of a choice for 2 Factor Authentications (2FA) with Degiro for increased security. An SMS with the confirmation code will be sent to your mobile phone. You'll be asked to input this code to log into your accounts.

Another concern with fiscal brokers with respect to security might be manipulation of trading. This is highly disadvantageous to consumers on those platforms. Nonetheless, this is much more widespread in the case of Market Maker agents who compete with users on the stage.

Pro's & Con's Of Trading With Degiro

Every online trading platform will have some ups and downs, and no Degiro review would be complete without showing both sides. This Degiro review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Degiro Pro's

  • Degiro is trusted by 600,000+ clients
  • Degiro doesn't charge inactivity fees
  • Degiro doesn't charge deposit fees
  • Degiro doesn't charge CFD fees
  • Degiro offer trading on MetaTrader 4
  • Degiro offer 84 trading instruments
  • Degiro can communicate in

Degiro Con's

  • Degiro does not offer Negative Balance Protection
  • Degiro does not offer Guaranteed Stop Loss
  • Degiro charge withdrawal fees
  • Degiro doesn't trade major forex pairs
  • Degiro doesn't trade minor forex pairs
  • Degiro doesn't trade exotic forex pairs
  • Degiro doesn't offer trading on cryptocurrencies

Degiro Review - Compare Brokers Similar To Degiro

Degiro Amscot Stockbroking Circle Markets Zacks Trade
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $0 $500 $100 $2500
Year Founded 1934 1853 2007 2008
Headquarters Netherlands Austrailia New Zealand United States
Regulated By Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB) Ministry of Economic Affairs and Communications (Estonia) Financial Industry Regulatory Authority (FINRA) Unregulated
Clients 600,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk

Degiro Review - Regulation And Licencing In More Detail

Degiro is regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB).

Degiro, as a business, has a powerful set of rules for ensuring honest trading onto its platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).

In accordance with the organization's privacy regulations, customer information is never to be shared with some other institutions or individuals. This includes credit history and other financial information.

Degiro Review - Awards

    At the time of writing this Degiro review, they had not received any awards.

Degiro Review - Minimum Deposit Required

The minimum deposit you need to get started on Degiro is $0. This is an adequate amount for those just beginning. You can make more advanced residue as you go along. However, ensure that you know how to make the most of your money before investing in larger sums.

Degiro Review - Commission And Fees Explained

Degiro is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. In other words, an online broker is not necessarily influenced by the amount of clients they have.

But this does not mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 types of fees for this purpose.

The first sort of charges to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In these cases, you're spending a spread, financing speed, or a commission. The kinds of trading charges and the prices differ from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight prices are people that are billed when you maintain a leveraged position for more than daily.

Aside from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake in your accounts. They are billed for surgeries like depositing cash, not trading for long periods, or withdrawals.

Generally, Degiro does not charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who regularly trade, for example weekly or daily trading.

However, non-trading fees charged by Degiro are relatively higher. Consequently, you are charged more for non-trading actions in your trading account, like withdrawal and deposits. These are not related to the sale and purchase of resources.

This Degiro review breaks down every one of the applicable non-trading fees for you in detail.

Compare broker fees against Degiro

Degiro Amscot Stockbroking Circle Markets Zacks Trade
Minimum Deposit $0 $500 $100 $2500
Withdrawal Fees variable variable variable variable
Inactivity Fees No
Deposit Fees No
CFD Fees

Degiro Review - Withdrawal Fees Explained

Degiro charges a withdrawal fee if you make a bank transfer. Every time you transfer money back into your bank accounts, these withdrawal charges become applicable.

Withdrawal of money is possible at any moment from your Degiro account. It's possible to withdraw sums up to the amount of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't necessarily need to have any cash in your accounts.

In addition, the withdrawn money will be transferred directly to the account you use to make deposits. Therefore, if you used a credit card for deposits, then the withdrawn cash is going to be sent into the card. Degiro will ask you to provide other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In case you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you are opting to draw in.

Degiro Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your mind when open an account with Degiro. An inactivity fee is an amount charged to registered traders that have not engaged in purchasing or selling for a while. The period regarded as inactive is determined by the broker.

The inactivity fee differs from 1 agent to another and is not generalized. If a dealers account does not have a purchasing or selling transaction, it's maintained by the broker as an inactivity charge. The traders need to pay this fee under conditions and terms they had agreed while enrolling.

Degiro doesn't charge inactivity fees so you are free to utilize your account as needed

Even if no fees have been indicated by Degiro, it is best for you to close the account if you're inactive. Inactivity fees aren't only charged by brokerage firms but also many financial services.

For additional trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is subjected to a lot of circumstances and needs to be revealed clearly by the agent beforehand.

Degiro Review - Deposit Fees Explained

When you transfer money in your trading account from the bank account, a deposit fee can be charged by the broker. Most agents do not charge too much money for this particular operation.

Degiro doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the Degiro trading platform is easy. You simply need to complete a single-user profile questionnaire to start depositing money into your trading account. You'll have to provide an identity evidence and proof of residency to deposit substantial sums.

Degiro Review - Compare Broker Deposit Methods

Degiro Amscot Stockbroking Circle Markets Zacks Trade
Minimum Deposit $0 $500 $100 $2500
Credit Card

What Can You trade With Degiro?

Note: Degiro offers a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will differ based on the country of residence of the client.

Degiro has a wide variety of over 84 instruments available for you to trade with.

If trading currency pairs is of interest to you then Degiro offer over 0 currency pairs.

Compare Degiro, Amscot Stockbroking, Circle Markets & Zacks Trade below.

Degiro Amscot Stockbroking Circle Markets Zacks Trade
Platforms MetaTrader 4 IRESSTrader, IRESSInvestor, netIRESS, XPLAN Desktop, Tablet & Mobile apps Android, iPhone/iPad, Tablet
Instruments Available 84 35 75 264
Forex & Crypto
Forex Pairs Available 0
Offers Major Forex Pairs? No No Yes Yes
Offers Minor Forex Pairs? No No No No
Offers Exotic Forex Pairs? No No No No
Offers Cryptocurrencies? No No Yes No
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? Yes No Yes No
Trade Energies? Yes No Yes No
Trade Agricultural? Yes No Yes No
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? Yes No No No
Trade US Shares? Yes No Yes Yes
Trade German Shares? Yes No No No
Trade Japanese Shares? Yes No No No

Your capital is at risk

Your capital is at risk

Your capital is at risk

Your capital is at risk

Alternatives To Degiro

If, after studying this Degiro review, Degiro does not quite meet your needs check out these Degiro alternatives.

We've scoured the internet to find the best alternatives to Degiro. Click the hyperlinks below to find out more.

Frequently Asked Questions about Degiro

Can I try Degiro before I buy?

Yes, you can most definitely try Degiro before you buy. Degiro provides demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.

If you register to get a demo account on Degiro, you may set out using a decent amount of virtual money. It is to establish a feeling of safety and confidence in you until you choose to spend your own money.

With this virtual Degirodemo account, you are able to experiment at all, to whatever length you wish. You might even start positions, test different trading approaches, and much more.

Degiro specifies on its official website which you are able to exchange real time stocks in a demo account.

Is Degiro safe?

It is possible to drop all your worries because we believe that Degiro is totally safe to use. It's in compliance with the principles of Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB).

Even so, Degiro doesn't provide assured stop-loss protection.

Why does Degiro ask for my passport?

The reason that Degiro asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Degiro has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Degiro must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with Degiro?

The process to start trading withDegiro is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Degiro website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Degiro is $0. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with Degiro.

The best way to kickstart your trading career with Degiro is to open a demo account facility before risking any real money

What funding methods do Degiro accept?

There are a number of ways to fund your accounts with Degiro. The process is effortless and quick, with various payment methods in your fingertips.

You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to bear in mind that PayPal isn't available in all country. The currencies Degiro

Is my money safe with Degiro?

Yes, your cash is safe and secure with Degiro. As you know, Degiro operates with good conformation to. It's established plenty of measures to protect all of its own investors.

Degiro protects its clients' personal and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you want to further safeguard your account, it is possible to enable Two-Step Verification also. It takes an SMS confirmation for you to access your accounts.

Is Degiro trading good?

Yes, trading through Degiro is a nice and good experience indeed. It is an excellent and intuitive platform with useful features for your simplicity. In addition, you could also gain access to a vast collection of educational tools and assistive substance to kickstart your trading expertise.

If you are still skeptical, it is possible to open a eToro demo account and assess the credibility of the platform for yourself.

Which Countries does Degiro support?

Degiro operates across the globe. However, due to regulations there are some countries that Degiro cannot accept clients from

Is Degiro legit?

Degiro is a legit company headquarted in Netherlands since 1934. They are regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB). Degiro is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is Degiro a good broker?

Degiro is a great agent, and its own users may vouch for it. The highlight of this platform is its quick order execution on trades.

You will discover the clean design of the platform along with the commendable features that a pleasure to work with.

Is Degiro a trustworthy broker?

Yes, Degiro is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 600,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for Degiro?

The minimum deposit to open a live account with Degiro is $0

How long do Degiro withdrawals take?

Normally, withdrawal of money from Degiro is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Degiro to show in your bank account.

Are Degiro regulated?

Degiro are regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)

Is Degiro a market leading broker?

Degiro is currently among the business leaders. It supports over 600,000+ registered users and over 87 years of experience on its own record. They are one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.

It simplifies this standing to its incredible platform and broad range of tools plus resources so you may put money into capital markets.

Is Degiro a con?

No, Degiro is not a con. They are regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB) and must adhere to their rules. Thus, it is safe to say that Degiro is not a scam.

Can you make money with Degiro?

Through Degiro, many traders earn a great deal of money. However, on average, through consistent trading, you can create between 2% - 10% profit a month.

This can look to be a little number, but within the year, this adds to a significant number of gains. While Degiro provide you all of the tools to make money, they can't guarantee that you will profit.

Does Degiro have fees?

Yes. To start trading with Degiro, you need to deposit $0. Particular commissions while trading additionally apply. Any processing fees from your bank will have to be incurred by you.

When was Degiro founded?

Degiro was founded in 1934 in Netherlands. Degiro is regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB).

How many people use Degiro?

Degiro is a worldwide recognised agent with 600,000+ customers.

Where is the Degiro head office?

Degiro has its head office in Netherlands

Does Degiro offer negative balance protection?

No. Degiro doesn't provide negative balance protection. If your balance is negative, Degiro indicates that you promptly contact customer services. For this, you can correct any imbalances in your own account.

Does Degiro offer guaranteed stop loss?

Degiro unfortunately, does not offer guaranteed stop loss. Degiro provides an opportunity to its traders to close their trades at their given price. Apart from that, Degiro doesn't offer guaranteed stop loss.

Does Degiro allow scalping?

Yes, Degiro do allow scalping. Many traders throughout the world choose Degiro due to their scalping services. They offer trading on MetaTrader 4 which allow this.

Does Degiro allow hedging?

Yes, Degiro does allow hedging.

Can you trade energies with Degiro?

Yes, you can trade energy stocks with Degiro

Can you trade agricultural shares with Degiro?

Yes, you can trade agricultural stocks with Degiro

Can you trade cryptocurrency with Degiro?

No, unfortunately you cannot trade cryptocurrency with Degiro

Can you trade metals with Degiro?

Yes, you can trade metals with Degiro

Can you trade UK Shares with Degiro?

Yes, you can trade UK shares with Degiro

Can you trade US Shares with Degiro?

Yes, you can trade US shares with Degiro

Can you trade Japanese Shares with Degiro?

Yes, you can trade Japanese shares with Degiro

Can you trade German Shares with Degiro?

Yes, you can trade German shares with Degiro

Does Degiro accept bank transfers?

No, Degiro does not accept bank transfers.

Does Degiro accept credit cards?

No, Degiro does not accept credit cards.

Does Degiro accept PayPal?

No, Degiro does not accept PayPal.

Does Degiro accept Skrill?

No, Degiro does not accept Skrill.

Does Degiro accept Payoneer?

No, Degiro does not accept Payoneer.

Does Degiro accept Neteller?

No, Degiro does not accept Neteller.

Does Degiro offer Live Chat customer support?

No, Degiro does not offer customer support through live chat.

Does Degiro offer phone customer support?

No, Degiro does not offer customer support over the telephone.

Does Degiro offer email customer support?

No, Degiro does not offer customer support through email.

What languages can Degiro communicate in?

Degiro has the ability to communicate and support customers who speak:

Does Degiro have a wikipedia page?

No, Degiro does not have an official wikipedia page.

Does Degiro offer demo accounts?

Yes, Degiro offers demo accounts so you can learn their systems before risking any real money.