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    Our 2020 DEGIRO Review

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    In A Nutshell 

    Disclaimer: Since March 25, 2020, DEGIRO has a temporary waiting list for new customer registrations, until further notice. This limitation is in place because of the many new listings in the middle of continuous heavy market volatility. Also, due to this problem, account creation might take longer than expected. We will keep updating this review with more details on the topic. 

    DEGIRO Review and Insights 

    DEGIRO is an online discount broker from the Netherlands. It is privately owned and appeared on the market back in 2008, based on an idea of former employees from another brokerage firm. 

    DEGIRO has several top-tier regulators such as the Dutch Central Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM). Also, it is registered with the Chamber of Commerce and Industry in Amsterdam.  

    We rank DEGIRO as the Best Broker For Stock Trading and Best Discount Broker for 2020. This ranking is a result of our thorough analysis of 57 online brokers and testing their live accounts. 

    DEGIRO Good & Bad 

    DEGIRO provides some of the lowest fees on the market in all asset classes. It has regulations from several top-tier providers. Also, mobile and web trading platforms are user-friendly and easy-to-use. 

    The three significant disadvantages at the moment are that DEGIRO:  

    1. Has a waiting list for new customers; 
    1. Debit or credit card deposits and withdrawal are not available; 
    1. Forex trading is not possible. 

    Good:

    • Some Of The Lowest Fees On The Market
    • Several Top-Tier Licenses
    • User-Friendly Mobile And Web Trading Platform

    Bad:

    • Waiting List For New Customers
    • Limited Education And Research
    • No Forex Trading


    Highlights & Top Features At DEGIRO 

    Country Of Regulation

    UK, Netherlands

    Trading Fees Class

    Low

    Inactivity Fee

    No

    Withdrawal Fee

    $0

    Minimum Deposit

    $0

    Account Opening Time

    >3 days

    Debit/ Credit Card Deposits

    Not Available

    Electronic Wallet Deposits

    Available

    Base Currencies Supported

    9

    Demo Account

    No

    Product Portfolio

    Stock, ETF, Fund, Bond, Options, Futures, Crypto

    1. Fees and Spreads 

    DEGIRO offers affordable non-trading and trading fees.

    We concluded that it is the best broker on the market for most asset classes. Also, several ETFs are available to trade once a month for a fee, which we can say it is an excellent deal for buy-and-hold investors. 

    Good:

    • Low Trading Fees
    • Low Non-Trading Fees
    • Low ETF And Stock Fees

    Bad:

    • Higher Fees for European And Asian Stock Exchanges

    Assets

    Fee Level

    Fee Terms

    US Stock

    Low

    $0.004 per share + €0.5

    USD/ EUR

    -

    -

    Mutual Fund

    Low

    0.1% + €7.5 and 0.2% yearly administration fee

    Inactivity Fee

    Low

    No inactivity fee

    How We Assessed Fees 

    We assessed DEGIRO's fees as low, average, or high, depending on how they compare to those of all forex brokers we reviewed. 

    To help you get a broader understanding of our process, here is the distinction between trading and non-trading fees. 

    • Trading fees happen when you trade. These can be conversion, commission, spreads, or financing rates fees. 

    • Non-trading prices are not direct costs linked to trading. These can be inactivity or withdrawal fees. 

    Next, we shared the most important fees at DEGIRO for each asset class. As an example, for stock investing, the main fees are commissions. 

    We analyzed DEGIRO's costs along with those of two similar brokers, eToro, IQ Option and Plus500. Our assessment relies on objective features, like fee structure, client profile, products offered, etc.  

    Here are our top findings of trading fees at DEGIRO. 

    Trading Fees At DEGIRO 

    DEGIRO has the lowest trading fees for all asset classes.  

    (We compared the fees of DEGIRO UK as the costs differ from country to country.) 

    ETF And Stock Fees 

    DEGIRO has one of the lowest ETF and stock fees on the market. 

    This broker has a list of ETFs which can be traded without fees once a month (you can opt between one sell or buy transaction). Beyond that, extra ETF transactions for the same product done in the same month have no commission (it applies for the same type of transaction as the first one, while the trade must total at least $/€1,000. 

    ETF And Stock Fees For A $2,000 Trade At DEGIRO 



    DEGIRO

    TradeStation Global


    eToro

    US Stock

    $0.6

    $1.5

    $0.0

    UK Stock

    $2.4

    $2.4

    $0.0

    German Stock

    $5.4

    $2.4

    $0.0

    The ETF, stock, and warrant fees are the same with this broker.  

    The trading fee is a flat fee to which a percentage of the traded volume is added. The only exception is for Canada or US customers, where the fee comes from the number of shares traded. The fee for European and Asian markets is higher. 

    ETF, Stock, And Warrant Fees At DEGIRO 

    Market

    Commission

    Max

    United Kingdom

    £1.75 + 0.014%

    £5

    USA

    €0.5 + $0.004/share

    -

    Germany – XETRA

    €4 + 0.05%

    €60

    Germany – Zertifikate-Börse Frankfurt

    €2 + 0.11%

    -

    Germany – Frankfurt (Stocks) 

    €7.5 + 0.09% 

    -

    Belgium, Denmark, Finland, France, Ireland, Italy, The Netherlands, Norway, Austria, Portugal, Spain, Sweden, Switzerland

    €4 + 0.05%

    €60

    Canada

    €2 + CAD 0.01 per share

    -

    Australia, Hong Kong, Japan, Singapore

    €10 + 0.06%

    -

    Poland

    €5 + 0.16%

    -

    Hungary, Greece, Czech Republic, Turkey

    €10 + 0.16%

    -

    ETFs

    €2 + 0.03% 

    -

    Free ETFs

    1 free trade/month

    -

    If you are looking for a short sale or stock trading, you should look at DEGIRO's financing rates. 

    A financing or margin rate is a fee for when you short a stock or use margin. It signifies that you borrow stocks or money from your broker to trade. This borrowed capital or money comes with interest that you have to pay back. Keep in mind that this can turn out to be a significant amount of your trading costs. 

    DEGIRO has low financing rates. These rates can differ based on the currency of your margin account. 

    Yearly Financing Rates for Futures, Options, And Stocks At DEGIRO 



    DEGIRO

    TradeStation Global


    eToro

    USD Margin Rate

    3.1%

    2.6%

    -

    GBP Margin Rate

    1.9%

    2.0%

    -

    EUR Margin Rate

    0.8%

    1.5%

    -

    The rates listed above are the same for futures and options trading. 

    Fund Fees 

    Overall, this broker has low fund fees. 

    Fees For A $2,000 Fund Purchase At DEGIRO 



    DEGIRO

    TradeStation Global


    eToro

    Mutual Fund

    $10.3

    $25.0

    -

    As it is the case with stocks, DEGIRO has a volume-based and a flat fee for funds. The flat fees are higher for several non-listed funds. 

    Fund Commission Costs At DEGIRO 

    Mutual Funds

    Commission

    Annual Fee

    Euronext Fund Services

    €7.5 + 0.10%

    0.2%

    Non-Exchange Listed Investment Funds (STP)

    €7.5 + 0.10%

    0.2%

    Non-Exchange Listed Investment Funds (Non-STP)

    €75.00 + 0.10%

    0.2%

    FundShare Cash Funds / Morgan Stanley Liquidity Funds

    Free

    Free

    Bond Fees 

    Overall, this broker has low bond fees. 

    Fees For A $10,000 Government Bond Trade At DEGIRO 



    DEGIRO

    TradeStation Global


    eToro

    US Treasury Bond

    -

    $7.5

    -

    EU Government Bond

    $10.5

    $15.0

    -

    You can look at the volume-based pricing in the table below: 

    Bond Commission Pricing At DEGIRO 

    Market

    Commission

    Germany – Xetra / Frankfurt 

    €5 + 0.05%

    The Netherlands, Belgium, Portugal, France

    €2 + 0.06% 

    OTC Bonds (i.e. Norwegian)

    €35 + 0.03%

    Options Fees 

    DEGIRO has low options fees. Similar brokers have higher trading commissions for this asset class. 

    Stock Index Options Fees Of 10 Contracts At DEGIRO 



    DEGIRO

    TradeStation Global


    eToro

    US Stock Index Options

    $5.0

    $15.0

    -

    UK Stock Index Options

    -

    $18.0

    -

    German Stock Index Options

    $9.9

    $16.5

    -

    DEGIRO has volume-based options fees, meaning that the commission you pay depends on the number of contracts you purchase. 

    Costs For Stock Index Options At DEGIRO 

    Market

    Commission

    USA - CME, CBOT, CBOE, NYMEX, COMEX

    $0.50 / contract

    Germany

    €0.75 / contract

    Spain

    €1.50 / contract

    The Netherlands, Belgium, France, Portugal

    €2.00 / contract

    Norway, Finland, Sweden, Denmark 

    €0.50 / contract

    Other Countries

    €2.00 / contract

    Option Exercise / Assignment

    €1.00 / contract

    Future Fees 

    DEGIRO has low future fees, too. When compared to TradeStation Global, they are lower in the German and US markets, but higher in the UK market. 

    Stock Index Futures Commission Of 10 Contracts At DEGIRO 



    DEGIRO

    TradeStation Global


    eToro

    US Stock Index Futures

    $5.0

    $17.5

    -

    UK Stock Index Futures

    $27.5

    $11.4

    -

    German Stock Index Futures

    $8.3

    $14.9

    -

    As it is the case with the options, the futures commissions rely on the number of contracts you purchase: 

    Futures

    Trading Fee

    NYSE Liffe - Amsterdam, Brussel, Lisbon, Paris

    €2.50 / contract

    EUREX main indices - EURO STOXX 50, DAX, DAX Mini 

    €0.75 / contract

    EUREX other stock indices

    €2.50 / contract

    USA - CME, CBOT, NYMEX, COMEX

    $0.50 / contract

    MEFF (Spain)

    €1.50 / contract

    Norway, Finland, Sweden, Denmark

    €0.50 / contract

    Cryptocurrency Fees 

    DEGIRO allows you to buy cryptocurrency exclusively through ETNs (exchange-traded notes). When we reviewed this broker, users were allowed to trade with Ethereum and Bitcoin ETNs on the Stockholm Stock Exchange. The trading fee here is 0.058% + €4, but a maximum of €60. For additional information on Crypto ETN, you can look at our crypto blog posts. 

    Non-Trading Fees 

    DEGIRO has low non-trading fees. There is no withdrawal, deposit, inactivity, account, or custody fee. 

    Non-Trading Fees At DEGIRO  



    DEGIRO

    TradeStation Global


    eToro

    Account Fee

    No

    No

    No

    Inactivity Fee

    No

    No

    Yes

    Deposit Fee

    $0

    $0

    $0

    Withdrawal Fee

    $0

    $0

    $0

    The disadvantage is the Exchange Connectivity Fee. This fee is for trading outside your home market. You will pay a maximum of 0.25% of the total account worth (with a maximum charge of €2.50) for the calendar year for each exchange, except for the London Stock Exchange. The connectivity fee for US options is €5 for each transaction done per calendar month. 

    A currency conversion fee is applied when the currency in your account is different from the one of the assets you plan to purchase. DEGIRO allows you to manage this manually or automatically. Still, the costs for these two options differ: 

    • DEGIRO charges 0.1% of the transaction value for automatic currency conversions. 
    • DEGIRO charges €10 plus 0.02% of the amount for manual currency conversions. 

    We advise avoiding the latter option due to the high fees for low amounts. 

    2. Account Opening 

    DEGIRO has no minimum deposit required. 

    However, since March 25, 2020, it has a waiting list for new clients. To verify this process, we applied for several accounts, but at the moment, we are still on the waiting list. 

    Good:

    • Fully Digital
    • No Minimum Deposit

    Bad:

    • Slow
    • None of the test accounts have been onboarded yet


    New Accounts At DEGIRO 

    As mentioned above, starting with March 25, 2020, DEGIRO implemented a temporary waiting list for new accounts until further notice. This restriction appeared due to the numerous new client registrations in a heavily volatile market. As such, we concluded that opening an account at DEGIRO may take much longer, but we can't tell how long exactly. We will continue to update this review when new information appears. 

    Minimum Deposit 

    DEGIRO has no minimum depositIt is an excellent broker for those looking to invest smaller amounts. 

    Account Types 

    DEGIRO has several account types. These are: 

    • Custody 
    • Basic 
    • Active 
    • Trader 
    • Day Trader 

    Additional details on account types are featured below. As an example, Day Trader comes with many services, while Custody provides only a few. Trading costs are the same for each account. 

    Account Types At DEGIRO: 


    Custody

    Basic

    Active

    Trader

    Day Trader

    Trade: Shares, Bonds, Investment Funds, and Trackers (ETFs)

    Yes

    Yes

    Yes

    Yes

    Yes

    Trade: Leveraged Products and Warrants

    No

    Yes

    Yes

    Yes

    Yes

    Buying on margin

    No

    No

    Yes (up to 50% of your available margin)

    Yes (up to 100% of your available margin)

    Yes (up to 100% of your available margin with additional margin during trading hours)

    Going short

    No

    No

    Yes

    Yes

    Yes

    Trade Derivatives (Options and Futures)

    No

    No

    Yes

    Yes

    Yes

    Free real-time prices on Euronext exchanges

    Yes

    Yes

    Yes

    Yes

    Yes

    Free dividend and coupon processing

    No

    Yes

    Yes

    Yes

    Yes

    Not all accounts are available in all countries. 

    When we reviewed DEGIRO, there was no tax-free account option like DEGIRO ISA or other account types in some European countries. We found two exceptions: the Netherlands, where you can create a pension account, and Sweden, where you can use an ISK account. 

    Opening An Account At DEGIRO 

    Opening an account with DEGIRO is simple, fast, and digital. Your account will be ready in up to 24 hours. 

    For registration purposes, you will need: 

    • A copy of your ID card or passport 
    • The bank account number from which you will fund the investment account. 

    After this initial stage, you will have to go through three additional verifications before your account is activated: 

    • Perform an appropriateness test.  
    • Agree to the conditions for real-time prices. 
    • Transfer money to your investment account. 

    3. Withdrawals and Deposits 

    DEGIRO has no fee for withdrawals and deposits if done through a bank transfer. 

    The downside is that you cannot deposit with a debit or credit card. 

    Good:

    • No Withdrawal Fee
    • No Deposit Fee
    • Various Account Base Currencies

    Bad:

    • Debit Or Credit Card Not Available


    Account Base Currencies 

    DEGIRO lets you opt from 9 base currencies. These are DKK, CHF, NOK, GBP, EUR, CZK, SEK, HUF, and PLN. 

    DEGIRO's Base Currencies Vs. Similar Brokers 



    DEGIRO

    TradeStation Global


    eToro

    Base Currencies

    9

    20

    1

    With this broker, the base currency of your account is the currency of your home country. For example, if you create a GBP account and register it at www.degiro.co.uk as a UK citizen, you are not allowed to have more than one base currency for one account. 

    However, you can create another DEGIRO account in a different currency if you have a bank account in your name in the country of that currency. As an example, a UK citizen can set up a Swedish krona account if he has a bank account in Sweden. Also, he will have to sign up for a DEGIRO trading account on the local DEGIRO website. 

    This information is vital because trading assets or depositing funds in the same currency as your bank account won't come with a conversion fee. 

    Options And Deposit Fees 

    You can fund your account with Trustly, an instant deposit service, or with a bank transfer. Clients from the Netherlands can use Sofort or iDEAL for immediate deposit. The disadvantage here is that debit or credit card deposits are not available. 

    Overall, a bank transfer takes up to 3 business days and a Trustly transfer only 30 minutes. 

    DEGIRO has no deposit fees. 



    DEGIRO

    TradeStation Global


    eToro

    Bank Transfer

    Yes

    Yes

    Yes

    Debit Or Credit Card

    No

    No

    Yes

    Electronic Wallets

    Yes

    No

    Yes

    This broker has strict rules for bank transfer deposits. It only permits transfers from bank accounts in your name from accepted countries. 

    Withdrawal Options And Fees At DEGIRO 

    DEGIRO has no withdrawal fees.  

    You can withdraw funds with bank transfers, as Trustly is not available for this action. This broker's withdrawal options are the same as at its primary competitors. 



    DEGIRO

    TradeStation Global


    eToro

    Bank Transfer

    Yes

    Yes

    Yes

    Debit Or Credit Card

    No

    No

    Yes

    Electronic Wallets

    Yes

    No

    Yes

    Withdrawal Fee

    $0

    $0

    $5

    DEGIRO states that transferring funds to your bank account takes between 2 to 3 business days. When we tested this option, our funds arrived in our account within one business day. 

    You can transfer money to accounts in your name.  

    You can withdraw money only to accounts in your name by following these steps: 

    • Access the 'Deposit/ Withdraw Funds' section and click on the 'Withdrawal' tab. 
    • Choose the bank and DEGIRO account for the transfer. 
    • Submit the amount and a description. 
    • Click 'Transfer.' 

    4. Trading Platform 

    DEGIRO has a user-friendly and easy-to-understand web platform. 

    It is excellent for beginners since it is easy to navigate. The downside is that there are no price alerts. For a better understanding and comparison you can check out our best trading platforms in UAE article.

    Good:

    • Easy-To-Understand Web Platform
    • Clear Fee Report
    • Two-Step Authentication

    Bad:

    • Limited customizability (for charts, workspace)
    • No Alerts For Prices

    Trading Platform

    Rating

    Available

    Web

    4/5 Stars

    Yes

    Mobile

    4.5/ 5 Stars

    Yes

    Desktop

    -

    No

    This web platform from DEGIRO is available in your local language. As an example, if you create an account from Germany, the platform will be German. 

    Look And Feel 

    This platform is excellent for executing trades, but it's not the most advanced on the market. 

    It has a reliable and user-friendly design, but it doesn't feature any customization options. 

    Security And Login 

    You can select between a one-step or a two-step authentication process. The two-step login is offered via Google Authenticator. We advise you to use the latter, as it is the most secure option. 

    Search Features 

    The search functions at DEGIRO are reliable. If you submit the name of a product, you will receive a list of matching items, classified by asset class. Also, you can check the currency the product is available in and the stock market. Or you can filter the search result depending on the chosen asset class. 

    Placing Orders 

    You can choose between various order types, but not all are available for each tradable instrument: 

    • Limit 
    • Market 
    • Stop loss 
    • Stop limit 

    If you need additional information on standard order types, you can read our overview. 

    You can opt between two order time frames: 

    • Day 
    • Good-till-cancelled (GTC) 

    Notifications And Alerts 

    You can request order confirmation by email, but you cannot use text message alerts. Also, there is no price alert setting. 

    Fee Reports And Portfolio 

    DEGIRO has transparent and well-designed fee reports and portfolios. You can check what items you own and the fees paid for the transaction.  

    5. Mobile Trading Platform 

    DEGIRO has an average mobile platform with a user-friendly and simple design. 

    Good:

    • User-Friendly
    • Two-Step Authentication
    • Reliable Search Function

    Bad:

    • No Alerts For Prices
    • No Biometric Authentication

    The mobile trading platform is available in the same language as your account.  

    Look And Feel 

    The design for DEGIRO's mobile trading platform is excellent and intuitive. 


    Security And Login 

    DEGIRO offers safe login, as you can opt for two-step authentication via the web platform. 

    However, you cannot opt for biometric authentication, even though this feature would be more convenient. 

    Search Features 

    Search features on the DEGIRO app are useful, but they represent its weakest link. You can customize search depending on the asset class. But it can get confusing if you type 'Apple,' as it is not clear if you're choosing an option or equity. 

    Placing Orders 

    Placing orders is the same as on the web platform. 

    Notifications And Alerts 

    You can receive order confirmation notifications via email. There are no price alerts available. 

    6. Desktop Trading Platform 

    DEGIRO has no desktop trading platform. 

    7. Markets and Products 

    DEGIRO allows its users to trade distinct products and use many markets. Forex and CFD trading is not available. 

    Asset Classes At Degiro 



    DEGIRO

    TradeStation Global


    eToro

    Stock

    Yes

    Yes

    Yes

    ETF

    Yes

    Yes

    Yes

    Forex

    No

    Yes

    Yes

    Fund

    Yes

    Yes

    No

    Bond

    Yes

    Yes

    No

    Options

    Yes

    Yes

    No

    Futures

    Yes

    Yes

    No

    CFD

    No

    Yes

    Yes

    Crypto

    Yes

    Yes

    Yes

    The product range at DEGIRO is good. Everything is available, ranging from futures to stocks. The only exception is that you cannot trade CFDs or forex. This broker is competitive when it comes to futures, options, and stocks. The downside is that the bond and fund selection is average. 

    ETFs And Stocks 

    DEGIRO allows you to use more than 5,000 ETFs, along with 30 stock exchanges. You can use the most prominent international markets, but at the same time, you can opt for smaller stock exchanges in Europe. Beyond that, you can trade with penny stocks. 

    There are fewer ETFs and stocks at DEGIRO than TradeStation Global but much more than at eToro. 



    DEGIRO

    TradeStation Global


    eToro

    Stock Markets

    30

    78

    16

    ETFs

    5.400

    13.000

    145

    Funds 

    Mutual fund selection with this broker is limited when compared to TradeStation Global. You can opt from mutual funds provided by market leaders such as Vanguard or BlackRock. 



    DEGIRO

    TradeStation Global


    eToro

    Fund Providers

    68

    260

    -

    Bonds 

    Government and corporate bonds at DEGIRO are available. However, the options are limited when compared to TradeStation Global. (eToro doesn't offer bonds.) 



    DEGIRO

    TradeStation Global


    eToro

    Bonds

    870

    472.900

    -

    Options 

    DEGIRO offers a competitive selection of 13 options markets. 



    DEGIRO

    TradeStation Global


    eToro

    Options Markets

    13

    33

    -

    Futures 

    This broker has limited futures market coverage when compared to TradeStation Global. 



    DEGIRO

    TradeStation Global


    eToro

    Futures Markets

    15

    32

    -

    Cryptocurrency 

    ETN instruments allow you to invest in Ethereum and Bitcoin via the Swedish stock exchange. You can read additional information about cryptocurrency investing in our blog. 



    DEGIRO

    TradeStation Global


    eToro

    Cryptocurrency

    4

    2

    17

    8. Research 

    DEGIRO offers limited research possibilities. You can access a standard charting tool and basic news feed. 

    Good:

    • Asset Fundamentals Information

    Bad:

    • No Trading Ideas

    Trading Ideas 

    This broker does not provide trading ideas, but they will be available soon. 

    Fundamental Data 

    Some products come with fundamental data. 

    Charting 

    The charting feature at DEGIRO is average, but it is more than sufficient for an execution-only trading platform. It is simple to use, and it features more than 20 technical indicators, which you can save. 

    News Feed 

    The news feed section is basic, but it offers reliable market news on the mobile and web platforms. You can find it on the main page of the trading platform or in the information sheet of products with relevant news. 

    9. Customer Service 

    Customer service is basic. It is available in several languages via phone support. The downside is that there is no 24/7 or live chat availability. 

    Good:

    • Phone Support
    • Knowledgeable Answers

    Bad:

    • No Live Chat
    • No 24/7 Support

    DEGIRO has email and phone customer service and no live chat option. 

    The main advantage here is that you can reach out to customer support in your language if you are from one of the 18 countries supported. 

    We concluded that customer service at DEGIRO is good. The response time was fast, and we received knowledgeable answers. However, email support is not as desirable since the standard response time is two days. 

    Another downside is that customer service at DEGIRO is available between 7 a.m. and 9 p.m. on weekdays.  

    10. Education 

    When it comes to education, the services at DEGIRO are average. There is a limited set of instruments available through the UK and Dutch websites. 

    Good:

    • Tutorial For Trading Platform
    • Educational Videos

    Bad:

    • No Demo Account
    • Available Only In Dutch And English

    You can learn with: 

    • Platform tutorial videos 
    • General educational videos 

    Several video tutorials teach you about standard topics such as order terms or asset classes. Also, you can access additional information about trading at DEGIRO, such as purchasing stocks with DEGIRO's web platform. 

    Many services are missing, including educational articles, webinars, and demo accounts. 

    11. Safety 

    DEGIRO has top-tier regulations, as it is a licensed investment firm. 

    Good:

    • Several Top-Tier Licenses

    Bad:

    • No banking License
    • Not Listed On Stock Exchange
    • Financial Data Is Not Public


    DEGIRO Regulations 

    DEGIRO has licenses from the Dutch Central Bank (DNB) and the Netherlands Authority For The Financial Markets (AFM). There are additional regulations from countries where DEGIRO provides its services. As an example, in the United Kingdom, this firm is regulated by the Financial Conduct Authority (FCA). 

    DEGIRO has its office in the Netherlands, and it was founded in 2008.  

    DEGIRO Safety 

    When it comes to DEGIRO safety concerns, it is best to check the following: 

    • Protection if something goes wrong 

    • Background of the broker 

    Account Protection At DEGIRO 

    Creating an account at DEGIRO gets you investor protection for up to €20,000. 

    Country

    Protection

    Regulator

    Legal Entity

    All Countires

    €20,000

    Dutch Central Bank (DNB) and The Netherlands Authority for the Financial Markets (AFM)

    DEGIRO B.V.

    Be aware that there is no negative balance protection. 

    Background 

    DEGIRO was founded in 2008. It has several years of experience in the market. It is one of the more successful brokers and has overcome previous financial crises.  

    Almost all the products you can trade with DEGIRO are exchange-traded. Hence, there is no counterparty risk with DEGIRO. It signifies that if DEGIRO defaults, your assets will be safe.  

    Bottom Line 

    DEGIRO is an excellent choice for those searching for a user-friendly platform and low fees. It is more affordable than leading European competitors. Also, only TradeStation Global competes with DEGIRO's prices closely. The account creation process is fast, and in most cases, it gets approved in 24 hours. Overall, this is the best trading platform for European clients. 

    On the negative side, the research tools and education materials are average. There is no forex trading, and you can only withdraw and deposit money by bank transfer. Starting in March 2020, all new accounts have been put on a waiting list. 

    Overall, DEGIRO is an excellent online broker choice, as it has no inactivity fees or minimum deposit. 

    Methodology

    The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

    Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

    Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this testing methodology for ranking what form is used in online investing.

    Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

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