DEGIRO Review

  Overall, DEGIRO can be described as a trustworthy broker with very low fees and several easy-to-use interfaces. DEGIRO is authorized and regulated by the FCA and offers Maximum leverage up to 50:1, 100:1, or 500:1.  

★ ★ ★ ★ ★

💰 Min Deposit: $0

📈 Leverage: Up to 1:500

🏦 Regulators: BaFin

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🔍 Feature
💰Minimum Deposit	€0.01 (or equivalent)
🎁Sign-Up Bonus	Up to €20 after €20 in transaction fees (via referral link)
💸Fees	€1 handling fee per transaction; no deposit or withdrawal fees
📉Spreads & Commissions	€1 commission + €1 handling fee per trade; spreads vary by market
💳Deposit & Withdrawals	SEPA bank transfers; withdrawals to registered bank accounts
🖥️Platforms	WebTrader, mobile app (iOS & Android)
🛡️Regulation	Supervised by BaFin (Germany), AFM & DNB (Netherlands)
🔐Trust Score	4.3/5 on Trustpilot
⏱️Payout Schedule	Withdrawals processed to registered bank accounts
📝Sign up	👉 Open Account

DEGIRO Spider Chart

Pro and Cons

Overview 

• According to research in South Africa, DEGIRO is a broker company founded in 2008 in the Netherlands, but it only opened to the public in 2013.
• Their services are now available in 18 European countries.DEGIRO offers a low-cost brokerage platform with low trading charges, but an advanced trading platform that allows investors and traders access to global stock exchanges, asset classes, and products.

Featured Offered

• DEGIRO UK positions itself as a highly cost-efficient broker with access to a wide variety of global financial products and tools.
• They offer trading across more than 45 exchanges in about 30 countries, allowing users to invest in stocks, bonds, ETFs, options, futures, commodities, and funds.
• The platform includes features like real-time quotes, interactive charts, an order book (10-layer deep on certain exchanges), ESG ratings, and analyst commentary (via LSEG Data & Analytics).
• The site also stresses user-friendly security with two-factor authentication, no deposit or withdrawal fees, and no monthly service fees.
• DEGIRO also highlights recognition: over 3 million investors, plus “100+ international awards,” including for their app and international equities platform.

🧩 Feature
🏦 Account Types	Basic (standard clients); Active, Trader, Day Trader (legacy accounts only)
⚖️ Leverage	Up to 80% margin (available only on legacy Active, Trader, and Day Trader profiles)
📉 Spreads & Commissions	€1 per trade + €1 handling fee for US stocks; €2 commission + €1 handling fee for non-Core ETFs; €3.90 per trade for European exchanges
🌐 Instruments Offered	Stocks, ETFs, bonds, options, futures, warrants; no CFDs, forex, or cryptocurrencies
🖥️ Trading Platforms	WebTrader, mobile app (iOS & Android)
☪️ Islamic (Swap-Free) Accounts	Not available
🖧 Free VPS Hosting	Not available
👥 Copy Trading	Not available
🛡️ Client Fund Security	Segregated accounts; regulated by BaFin (Germany), AFM & DNB (Netherlands
📋 Regulatory Oversight	BaFin (Germany), AFM & DNB (Netherlands), FCA (UK)

DEGIRO Customer Reviews

• Customers generally have a positive view of DEGIRO UK, praising its low trading fees, smooth transactions, and user-friendly platform.
• Many highlight the convenience of investing in global markets and the intuitive mobile app with real-time data and interactive charts.
• Users also appreciate DEGIRO’s transparency and investor protection measures, noting that client funds are securely segregated and covered under the German Deposit Guarantee Scheme.
• Overall, DEGIRO is viewed as a reliable and cost-effective platform for both new and experienced investors seeking easy access to a wide range of financial markets.

🌐 Platform	📝 Feedback Summary	⭐ Rating
	Mixed reviews: Some users praise low fees and user-friendly interface; others cite slow customer support.	⭐⭐⭐⭐
	Generally positive feedback highlighting ease of use and low fees; some users report verification delays.	⭐⭐⭐⭐
	Limited reviews; users mention satisfactory trading experience but note occasional account delays.	⭐⭐⭐⭐

DEGIRO Safety and Security

• DEGIRO ensures a high level of safety and security by operating under strict European financial regulations.
• It is part of flatexDEGIRO Bank AG, which is regulated by BaFin in Germany and supervised by both the AFM and DNB in the Netherlands.
• Client funds and assets are held in segregated accounts, ensuring they remain separate from the company’s own finances.
• DEGIRO also implements strong security measures such as two-factor authentication (2FA) to protect user accounts from unauthorized access.

What measures does DEGIRO take to keep my investments and funds safe?

DEGIRO protects client assets by keeping them in segregated accounts, separate from the company’s own funds. This means that even if DEGIRO experiences financial trouble, client assets remain secure. Additionally, DEGIRO uses advanced online security features like two-factor authentication (2FA) to prevent unauthorized account access.  

Is my money insured or protected with DEGIRO?

Yes, but the protection depends on the type of funds. Cash held in DEGIRO accounts is covered under the German Deposit Guarantee Scheme up to €100,000, while investments are protected under the European Investor Compensation Scheme, offering coverage up to €20,000 in case DEGIRO cannot return assets.  

DEGIRO at a glance

🔍 Brokers Name
📍 Headquartered	Amsterdam, Netherlands
📅 Year Founded	2008 (Retail services launched in 2013)
🏛 Regulating Authorities	AFM (Netherlands), DNB (Netherlands), BaFin (Germany), FCA (UK)
🌐 Countries not accepted for trade	Not available for South African residents
☪️️ Islamic Account (Swap Free)	Not available
📒 Demo Account	Not available
💻 Institutional Accounts	Not available
💻 Managed Accounts	Not available
📊 Maximum Leverage	Not available
💰 Minimum Deposit	None
💳 Deposit Options	Bank transfer (SEPA)
💳 Withdrawal Options	Bank transfer (SEPA)
📉 Platform Types	Web-based, mobile app
📲 OS Compatibility	Windows, macOS, iOS, Android
📊 Tradable Assets	Equities, ETFs, bonds, options, futures, funds, warrants, and more
🌐 Languages supported	Multiple European languages
☎ Customer Service Hours	Weekdays, 9:00 AM – 5:00 PM CET
📝Sign up	👉 Open Account

DEGIRO Account Types

• A forex account at DEGIRO is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading currencies.
• Forex Islamic accounts are also known as swap-free accounts, as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
• Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
• DEGIRO offers several account types - Basic, Active, Trader, and Day Trader accounts, but no demo account.

DEGIRO Custody account

• This is an entry-level account that allows users to trade shares, investment funds, bonds, and trackers (ETFs).
• Custody accounts are available to traders and day traders and come with free real-time prices on the latest Euronext exchanges.

DEGIRO Basic account

• The basic account is the default and most versatile account that gives access to all basic features but does not allow leverage.
• It has no extra fees or limitations like some of the other accounts.

DEGIRO Active account

• The Active Account is like the basic account, but traders have access to leverage.
• Except for mentioning that leverage differs for every type of account, the broker’s website gives no indication of leverage ratios.
• Trading fees are also the same for all accounts.

DEGIRO Trader account

• The Trader Account is also like the previously mentioned accounts, with access to leverage, although no indication is given on the website what that leverage is.
• Trading fees are the same for all accounts.

DEGIRO Day Trader account

• Leverage can be used on a Day Trader Account, but what ratio is not clear.
• Trading fees for this account are the same as for the other accounts.

DEGIRO Islamic Account

• Degiro does not offer traders who follow the Sharia law the option of an Islamic Account.
• Often, an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases, it is a standalone account with a separate application procedure.

DEGIRO Demo Account

• Degiro, unfortunately, does not offer traders the option to open a demo or practice account.
• A demo account is usually provided as a practice account for beginner traders and for traders who want to evaluate and compare brokers and would like to explore trading conditions in a risk-free environment.

What types of accounts does DEGIRO offer?

DEGIRO offers several account types, including the Basic, Active, Trader, and Day Trader accounts. Each account type provides different levels of access to trading tools, leverage options, and risk exposure, allowing investors to choose the one that best fits their trading experience and goals.  

Which DEGIRO account is best for new investors?

The Basic account is ideal for beginners, as it provides access to all major investment products without leverage or complex financial instruments. It’s designed to help new investors start trading safely while learning how the platform works.  

How to Open a DEGIRO Account – Step-by-Step Guide

• Opening a DEGIRO account is a simple, straightforward process.
• As it is completely online, you can open an account from your phone, laptop, or desktop.

Step 1 – Open Your Account

• Visit the official website of DEGIRO and click on the “Open Account” link.

Step 2 – Fill in the information

• Fill in your email, Username, and Password, and click on Open your Account.

Step 3 –  Register for Email

• On the next page, you will get a link. Click that link to view the verification email in the provided mailbox.
• Click the link you got in your email to continue with the DEGIRO account opening process.

Step 4 – Register

• Once your credentials are verified, you can continue to log in using your credentials.
• In the next step, you will need to provide all the required personal information.
• Verify your identity by providing your citizenship details.

Step 5 – Process Registration

• With DEGIRO, the process is seamless, fast, and fully digital.
• To register, you need a copy of your passport or ID card and the bank account number from which you will fund the account.
• After the initial registration, there are three more steps to complete before your account is activated and ready for trading:

Step 6 – Finalize

• Now comes the big part: Funding your account.
• Once you fund your account and your account gets approved, you can start trading

DEGIRO Fees and Spreads

• Degiro does not mention specific spreads.
• Some ETFs can be traded once a month for free (conditions apply), which is perfect for buy-and-hold investors but not ideal for day traders.
• Since details on the website are not clearly stipulated, more information should first be obtained from the customer support service to make an informed choice.

What fees does DEGIRO charge for trading?

DEGIRO charges low and transparent fees, including a fixed commission per trade plus a small percentage of the trade value depending on the market. Fees vary by asset type and exchange, but there are no account maintenance or inactivity fees, making it cost-effective for frequent traders.  

How competitive are DEGIRO’s spreads?

DEGIRO offers tight spreads on most markets, especially for major stocks, ETFs, and indices. Spreads may vary depending on the liquidity of the asset and the exchange, but overall, DEGIRO aims to provide some of the lowest spreads among European brokers.  

DEGIRO Trading Platforms

• The forex trading platform provided by DEGIRO to its clients is, in essence, the software to carry out their trades.
• Some brokers provide only one, and others quite a few platforms. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes.
• The decision about which platform to choose will usually depend on what a client would like to trade.DEGIRO does not provide a desktop trading platform, but provides a web platform in a local language as well as a mobile platform that is straightforward to use.

Basic

• The Basic account is designed for long-term investors who want a simple, low-cost way to trade stocks, ETFs, bonds, and funds.
• It does not allow margin trading or derivatives, making it suitable for conservative investors.
• Client assets are held securely, but some securities may be used in DEGIRO’s lending program to optimize returns.

Active

• The Active account is for investors who trade more frequently and want access to additional features.
• It allows limited use of margin (Debit Money) and offers more flexibility in managing trades.
• Active accounts are suited for users who want a balance between low fees and enhanced trading capabilities.

Trader

• Trader accounts are aimed at experienced traders who require higher levels of margin and leverage.
• This account type allows more advanced trading features, including greater use of Debit Money and Debit Securities.
• It is intended for those who engage in frequent trading and are comfortable with higher risk.

Day Trader

• The Day Trader account is tailored for intraday traders who need quick execution and high intraday leverage.
• It is designed for rapid entry and exit of positions, with corresponding risk controls to manage the higher exposure.
• This account type is ideal for professional-style day trading strategies.

Custody

• The Custody account is the most conservative profile, where client securities are held separately and are not lent out.
• Margin and derivatives trading are not available, providing an extra layer of protection against risks associated with securities lending.
• This account is suitable for investors who prioritize safety over advanced trading features.

Which trading platforms does DEGIRO offer?

DEGIRO provides a user-friendly web platform and a mobile app, both designed for easy access to global markets. The platforms offer real-time market data, portfolio management tools, advanced order types, and a clean interface suitable for both beginners and experienced traders.  

Can I use the DEGIRO platforms on multiple devices?

Yes, DEGIRO’s trading platforms are fully accessible on desktop browsers, tablets, and smartphones. Your account is synchronized across all devices, allowing you to monitor positions, place trades, and manage your portfolio from anywhere at any time.  

DEGIRO Deposit  and Withdrawals

• Accounts usually require a certain minimum initial deposit, which can be paid in several ways.
• Withdrawals can usually be done in the same ways, but sometimes differ.
• In the case of DEGIRO, no minimum deposit is required but since March 2026, the company has introduced a waiting list for new accounts.
• DEGIRO deposits and withdrawals are free of charge via bank transfer and one cannot deposit with a credit or debit card. You can however choose from 9 base currencies, CHF, DKK, GBP, NOK, SEK, EUR, CZK, PLN, and HUF.

What deposit methods does DEGIRO support, and are there any fees?

DEGIRO allows deposits via bank transfer from your linked bank account. Deposits are generally free of charge, though standard bank transfer fees may apply depending on your bank. Funds are usually available in your DEGIRO account within one business day.  

How do withdrawals work, and how long do they take?

Withdrawals from DEGIRO are processed to your linked bank account. The process typically takes one to three business days. DEGIRO does not charge fees for withdrawals, but your bank may apply standard transfer fees depending on your location and account type.  

DEGIRO Leverage

• Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade.
• Leveraged products, such as forex trading, magnify your potential profit - but also increase your potential loss.
• Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
• Margin is the amount of collateral to cover any credit risks that may arise during your trading operations.

DEGIRO vs Etoro vs XM Comparison Table

🔎 Broker
💰 Minimum Deposit	No minimum prescribed	$50 USD	$5 USD
📝 Sign-Up Bonus	No	Yes	Yes
➖ Min. Spread	does not mention specific spreads	3	1
➕ Max. Leverage	50:1, 100:1, or 500:1	1:400	1:888
💵 Currency Pairs	9	47	57
🚀 Open an Account	👉 Open Account	👉Open Account	👉Open Account

DEGIRO Research

• DEGIRO offers a streamlined research experience designed for self-directed investors, focusing on accessibility and efficiency.
• The platform provides real-time quotes, stock-specific news, and an integrated economic calendar to keep users informed.
• While charting tools are basic, they include over 10 technical indicators suitable for execution-focused trading.
• A standout feature is the ESG (Environmental, Social, and Governance) scores from LSEG Data & Analytics, helping investors align their portfolios with sustainability values.

Rank	Broker	Broker Review	Regulators	Minimum Deposit	Visit Broker
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	$100
🥈		Read Review	FSCA, FCA, DFSA, FSA, CMA	$0
🥉		Read Review	CySEC, MWALI, FSCA	$25
4		Read Review	ASIC, CySEC, FSA, SCB	$200
5		Read Review	FSA, FSCA	$250
6		Read Review	FSA, FSC, FSCA, ASIC, CMA	$20
7		Read Review	FSC, FSCA	$50
8		Read Review	ASIC, CySEC, FSCA, FSA, FSC, CMA	$100
9		Read Review	ASIC, CySEC, IFSC, DFSA, FCA	$5
10		Read Review	FSA, CySEC, FSCA, FSC	$10

DEGIRO Awards

• DEGIRO has been recognized with over 100 international awards, highlighting its commitment to providing accessible and affordable investment services.
• Notably, in 2024, it received three 5-star ratings from the Financial Times & Investors Chronicle in categories such as App, International Equities Platform, and Execution-Only Stockbroker.
• Additionally, DEGIRO was named Best Discount Broker for 2024 by Broker Chooser and earned the title of Best Neo Broker for 2024/2026 from Le Figaro.
• These accolades underscore DEGIRO's dedication to innovation and customer satisfaction in the brokerage industry

Customer Reviews

⭐ Aristos Panteli, Senior Account Manager: Aristos Panteli is an experienced Senior Account Manager who provides professional and reliable support to clients.   ⭐ Great assistance from Aristos Panteli!: Clients have praised Aristos Panteli for offering great assistance and guidance, making their experience seamless and stress-free.   ⭐ I have worked with many different: I have worked with many different account managers in the past, but none have matched the expertise and helpfulness of Aristos Panteli.  

Disclaimer

DEGIRO warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors. Before deciding to trade with DEGIRO, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose. DEGIRO warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable; hence DEGIRO cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.  

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Frequently Asked Questions

What is DEGIRO?

DEGIRO is a European online brokerage platform offering low-cost investing and trading in stocks, ETFs, bonds, options, and other financial instruments. It provides a user-friendly interface with advanced tools for both beginner and experienced investors, focusing on accessibility and affordability.  

Is DEGIRO regulated?

Yes, DEGIRO is regulated in the Netherlands by the AFM and DNB, in Germany by BaFin, and operates under EU investor protection schemes. Client assets are segregated, ensuring additional safety, with cash deposits covered up to €100,000 under German deposit insurance.  

What types of accounts does DEGIRO offer?

DEGIRO provides different account types tailored for retail and professional investors, including basic investing accounts, execution-only accounts, and accounts for international trading. Each account allows access to a wide range of instruments with competitive fees and flexible features.  

What markets can I trade on with DEGIRO?

DEGIRO allows trading on over 50 exchanges worldwide, including Europe, North America, and Asia. Users can invest in stocks, ETFs, bonds, options, futures, and commodities, offering broad access to global markets for diversified portfolio strategies.  

What are DEGIRO’s fees?

DEGIRO offers some of the lowest fees in Europe, including low brokerage commissions, no account maintenance fees, and minimal charges for trading ETFs and stocks. Additional costs may apply for market data or premium services, depending on the account type.  

Does DEGIRO provide a mobile app?

Yes, DEGIRO offers a mobile app available for iOS and Android. The app allows trading, portfolio monitoring, and real-time market data. Users can access tools for analysis, manage orders, and track investments securely from anywhere.  

Is my money safe with DEGIRO?

Client investments and cash are segregated from DEGIRO’s own assets. Cash deposits are covered up to €100,000 via the German deposit guarantee scheme, and investor compensation protects up to €20,000 in case of insolvency or financial failure.  

Can I open an account as a non-European resident?

DEGIRO primarily accepts clients from the European Economic Area (EEA). Some non-European residents may be restricted from opening accounts due to regulatory requirements. Prospective users should check the eligibility rules on DEGIRO’s website before registering.  

Does DEGIRO offer customer support?

Yes, DEGIRO provides customer support via phone and email. Support agents assist with account setup, trading inquiries, technical issues, and regulatory questions. While support hours are limited, DEGIRO also offers comprehensive online help guides and FAQs.  

How do I withdraw funds from DEGIRO?

Users can withdraw funds directly to a registered bank account. Withdrawals typically process within one to three business days. DEGIRO ensures that client cash and investments remain separate from company funds, maintaining secure and efficient transfers.  

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