Degiro Guide – Read our In-Depth Degiro Review
Degiro Rating: 4.53 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the realm 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 broker since you continue trading. For starters, you have to select the ideal broker who will be clear with you constantly.
Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment plan will create hefty returns. Degiro is just one such platform that will take you along with your investment to great heights. It's important to understand all about Degiro before you trust them with your cash.
Degiro Review – Brief Summary
Degiro Telephone Number:
Degiro Email Address:
Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)
Number Of Clients:
600,000+ Degiro users and traders
Degiro Facebook Likes:
Degiro Twitter Followers:
Degiro Instagram Followers:
Your capital is at risk
|Degiro Telephone Number:|
|Degiro Email Address:|
|Regulated By:||Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)|
|Number Of Clients:||600,000+ Degiro users and traders|
|Degiro Facebook Likes:||0|
|Degiro Twitter Followers:||0|
|Degiro Instagram Followers:||0|
Your capital is at risk
Our entire Degiro Review covers all you will need to know about trading with Degiro. A good broker can multiply your initial investments and provide you positive profits. If you want to earn profits, you should trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire method to ensure profits; thus, you must carefully analyze your agent before you select them. It's a common misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.
Degiro is a broker which has forged its way successfully to the brokerage world. Within this review, we've attempted to collate some of the vital aspects of Degiro. This review will help you to know whether Degiro is a good match for your own investments or not. We've tried to breakdown all of the qualities and fees for your advantage.
Degiro Review, Table Of Contents
- Who are Degiro?
- Benefits Of Trading With Degiro
- Everything you should know about trading with Degiro
- Is Degiro Safe To Trade With?
- Degiro Risk Disclaimer
- Pro's & Con's Of Trading With Degiro
- Compare Brokers Similar To Degiro
- Regulation And Licencing In More Detail
- Degiro Awards
- Minimum Deposit Required For A Live Account With Degiro
- Degiro Commission And Fees Explained
- Compare broker fees against Degiro
- Degiro Withdrawal Fees Explained
- Degiro Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Degiro?
- Alternatives To Degiro
- Frequently Asked Questions About Degiro
Who are Degiro?
Degiro is a foreign exchange broker headquartered in Netherlands and provides a range of tools for online trading. Since its inception in 1934, Degiro has emerged as a leading player in the field of online brokerage. Degiro includes a highly aggressive and full-featured trading site 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 launching in 1934, their client base has become as large as 600,000+ clients.
Degiro is the favourite for many dealers.. Our Degiro review found that they are an superb choice for automated trading solutions. They're most appropriate for investors that are looking for a variety of assets. Social and automated trading options are the heart at Degiro.
Technology plays a significant role at Degiro. Degiro features trading on MetaTrader 4. Degiro is fair, 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 variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The educational section at Degiro is quite insightful for new dealers since it allows them to have a closer look in the financial markets. Degiro caters to all types of traders and are a must-have broker for almost any well-diversified method of trading.
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 should know about trading using Degiro
Degiro is a dynamic platform that provides various methods of trading online. These tools cover the financial markets considerably. The Majority of the brokerage platforms offer less procedures than Degiro
If you wish to exchange with Degiro, you'll need a minimum deposit of $0. This deposit is mandatory if you would like to begin trading with Degiro. This 2021 Degiro review will guide you clearly about trading with them.
Degiro is as versatile as another broker platform. Degiro is ideal for traders who want a manageable variety of cheap services. The platforms offered by Degiro are third party, white-label offerings. All traders can choose from MetaTrader 4.
Together with everything, Degiro has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a transaction must be kept open. The brokers offer premium client service which rewards clients with advantages.
Many less reputable brokers attempt to pressurise consumers into bigger funding for superior services. Degiro, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the greater benefits will become available.
Degiro accounts are available all over the world and provides outstanding service everywhere they have clients. There are a few countries where Degiro accounts are not available. Traders in the following countries cannot open or use a Degiro account:
BR, KR, IR, IQ, SY, JP, US
Is Degiro Safe To Trade With?
Established in 1934, Degiro has been open for 87 years, they are headquarted 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 ensure that trading platforms have measures in place to maintain investor's resources procured. This usually means that Degiro users do not need to worry about their money as it's segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information also.
You can make use of an option for 2 Factor Authentications (2FA) with Degiro for heightened security. An SMS for the confirmation code will be sent to your mobile phone. You'll be asked to enter this code to log into your account.
Another concern with financial brokers is in regards to security may be manipulation of trading. This is highly disadvantageous for users on these platforms. Nonetheless, this is much more prevalent in the example of Market Maker brokers who compete with users on the stage.
Degiro Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Degiro
Every online trading platform will have a few pros and cons Degiro review would be complete without having a balanced approach. 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 is trusted by 600,000+ clients
- Degiro has low minimum deposit requirements
- Degiro doesn't charge withdrawal fees
- Degiro doesn't charge inactivity fees
- Degiro doesn't charge deposit fees
- Degiro offer trading on MetaTrader 4
- Degiro offer 84 trading instruments
- Degiro can communicate in English, and Chinese
- Degiro does not offer Negative Balance Protection
- Degiro does not offer Guaranteed Stop Loss
- 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 charge CFD fees
- Degiro doesn't offer social trading
- Degiro doesn't offer copy trading
- Degiro doesn't offer trailing stop
Degiro Review - Compare Brokers Similar To Degiro
|Rating||4.53 / 10||5.71 / 10||2.28 / 10||4.6 / 10|
|Regulated By||Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)||Financial Conduct Authority (FCA), FCA FRN 709693||Unregulated||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F254|
|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 company, has a strong set of rules for ensuring fair trading onto its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer information is to not be shared with some other institutions or individuals. This includes credit history and other financial details.
Degiro Review - AwardsAt the time of writing this Degiro review, and despite Degiro’s impressive offering, the company has surprisingly not garnered any other awards to date.
Degiro Trading Platforms
Degiro are a trustworthy trading platform that has been operating for over 87 years. They offer a wide range of options in their client accounts.
Below we take the main parts of any good broker and compare Degiro against Capital Index, Ellevest, and highlow
Degiro Review - Minimum Deposit Required
The minimum deposit that you need to begin on Degiro is $0. This is a decent amount for those just starting out. It's possible to make more complex deposits as you cooperate. But, make certain you understand how to make the most of your money before investing in larger amounts.
Degiro Review - Commission And Fees Explained
Degiro is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker is not necessarily influenced by the number of customers they have.
But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily three different types of fees for this purpose.
The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In such cases, you're paying a spread, funding speed, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight rates are people who are billed when you maintain a leveraged position for more than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake on your accounts. They're charged for services like depositing cash, not trading for long periods, or withdrawals.
In general, Degiro doesn't charge high fees in comparison to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who often exchange, such as weekly or daily trading.
But, non-trading fees charged by Degiro are comparatively higher. As a result, you're charged more for non-trading actions in your trading account, like deposits and withdrawal. These aren't about the purchase and sale of resources.
This Degiro review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Degiro
Degiro Review - Withdrawal Fees ExplainedDegiro doesn't charge withdrawal fees
Withdrawal of money is possible at any time from your Degiro account. You can withdraw up sums to the amount of your account balance, keeping aside the margin utilized. One thing to remember is that you don't necessarily have to have any cash in your account.
In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits. Thus, in the event that you used a credit card for deposits, the withdrawn cash will be sent to the card. Degiro will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you're opting to draw in.
Degiro Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your mind when open an account with Degiro. An inactivity fee is an amount charged to registered traders that haven't participated in buying or selling for some time. The period regarded as inactive is decided by the agent.
The inactivity fee also differs from one agent to another and isn't generalized. If a dealers account doesn't have a purchasing or selling transaction, it's claimed by the broker as an inactivity fee. The traders need to pay this fee under conditions and terms they had consented while registering.
Degiro doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no charges have been indicated by Degiro, it's better that you close the account if you're inactive. Inactivity fees aren't just charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you have selected. The inactivity fee is subjected to a lot of circumstances and should be revealed clearly by the agent beforehand.
Degiro Review - Deposit Fees Explained
When you transfer money in your trading account from your bank account, a deposit fee can be billed by the broker. Most brokers don't charge too much money for this 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 simple. You simply have to finish a single-user profile questionnaire to begin depositing money into your trading account. You will need to give an identity proof and evidence of residency to deposit substantial amounts.
Degiro Review - Compare Broker Deposit Methods
What Can You Trade With Degiro?
Note: Degiro provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will differ depending 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, Capital Index, Ellevest & highlow below.
Reviewing The Degiro Mobile App
Note: Degiro's mobile app has a lot of functionality and is being developed all the time. The below information was correct at the time of compiling this Degiro review.
Understand the capabilities of the mobile apps of Degiro, Capital Index, Ellevest & highlow below.
Alternatives To Degiro
If, after reading this Degiro review, they do not meet your requirements check out these Degiro alternatives.
We have scoured the internet to find the best alternatives to Degiro. Click on the links 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 new traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register for a demonstration account on Degiro, you will set out with 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 in any way, to whatever period you desire. You might even start positions, test different trading strategies, and much more.
Degiro specifies on its official website that you can exchange real time stocks in a demo account.
Is Degiro safe?
It is possible to drop all your worries since we believe that Degiro is perfectly 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 does not 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 account with Degiro is $0. You should have a good understanding of 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 at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to keep in mind that PayPal is not available in every place. The currencies Degiro
Is my money safe with Degiro?
Yes, your money is safe and protected with Degiro. As you already know, Degiro operates with good conformation to. It has established lots of steps to protect all of its own investors.
Degiro safeguards its clients' private and sensitive data under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further safeguard your account, you can empower Two-Step Verification as well. It takes an SMS confirmation that you access your account.
Is Degiro trading good?
Yes, trading through Degiro is a pleasant and good experience indeed. It's an excellent and intuitive platform with helpful features for your simplicity. Moreover, you can even gain access to a vast collection of educational resources and assistive substance to kickstart your trading experience.
If you remain skeptical, it is possible to start a eToro demo account and assess the trustworthiness 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 do accept clients from BR, KR, IR, IQ, SY, JP, US
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 broker, and its own users may vouch for it. The highlight of this platform is its fast order execution on trades.
You will discover the clean layout of the platform and 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 indisputably one of the business leaders. It has over 600,000+ registered users and over 87 years of expertise on its record. They are among the world's leading trading platforms and a dominant figure in the Fintech revolution.
It simplifies this status to its incredible platform and broad range of tools plus resources so that you can invest in 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 make a lot of cash. However, on average, through consistent trading, you also can create between 2% - 10% profit a month.
This may seem like a little number, but over the year, this adds to a significant number of gains. While Degiro supply you all of the tools to earn money, they can't guarantee that you will gain.
Does Degiro have fees?
Yes. To begin trading using Degiro, you need to deposit $0. Certain commissions while trading also applies. Any processing fees from your bank might 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 broker with 600,000+ customers.
Where is the Degiro head office?
Degiro has its head office in Netherlands
Does Degiro offer negative balance protection?
Does Degiro offer guaranteed stop loss?Degiro regrettably, does not offer guaranteed stop loss. Degiro provides an opportunity for its dealers to close their trade at their specified price. Aside from this, Degiro doesn't offer guaranteed stop loss.
Does Degiro allow scalping?Yes, Degiro do permit scalping. Many traders throughout the world select Degiro due to their scalping services. They offer trading on MetaTrader 4 which let 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?
Yes, Degiro accepts bank transfers for depositing money.
Does Degiro accept credit cards?
Yes, Degiro accepts credit cards for depositing money.
Does Degiro accept PayPal?
No, Degiro does not accept PayPal.
Does Degiro accept Skrill?
No, Degiro does not accept Skrill.
Does Degiro accept Payoneer?
Yes, Degiro accepts Payoneer for depositing money.
Does Degiro accept Neteller?
No, Degiro does not accept Neteller.
Does Degiro offer Live Chat customer support?
Yes, Degiro offers customer support through live chat.
Does Degiro offer phone customer support?
Yes, Degiro offers customer support over the telephone.
Does Degiro offer email customer support?
Yes, Degiro offers customer support through email.
What languages can Degiro communicate in?
Degiro has the ability to communicate and support customers who speak: English, and Chinese
Does Degiro have a wikipedia page?
No, Degiro does not have an official wikipedia page.
Does Degiro offer demo accounts?
Yes, Degiro offers virtual portfolio accounts so you can learn their systems before risking any real capital. Newbie traders can open a demo account in order to better understand the areas of Forex trading and test out some of Degiro's features before risking a live account.