How to delete a DEGIRO account

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Although DEGIRO doesn't seem like a broker that is very complicated to deal with, but like every other broker, it isn't for everyone. So, some traders might decide to stop using DEGIRO or even consider quitting it soon, thereby searching for how to close a DEGIRO account.

And if you're one of those traders and have had enough of DEGIRO for any reason, you have the option of deleting or closing your account at any time to suit your needs. Keep perusal to discover how!

Listed below is a table detailing DEGIRO's commissions:

DEGIRO account types compared

DEGIRO gives its traders the option to choose between five different types of live accounts according to their leverage needs i.e

Custody account


Basic account


Active account


Trader account


Day Trader account

Name Custody Account Basic Account Active Account Trader Account Day Trader Account
Designed For accumulating
deposits at
favorable terms.
For standard traders For margin trading For higher margin trading For experienced traders
Market Stocks

ETF’s

Bonds

Investme
nt Funds
(more than
50 exchange
s)
Bonds

Stocks

Futures

ETF’s

Options

Investment
Funds
Leveraged
products
(Over 50
Exchanges)
Bonds

Stocks

Futures

ETF’s

Options

Investment
Funds
Leveraged
products
(Over 50
Exchanges)
Bonds

Stocks

Futures

ETF’s

Options

Investment
Funds
Leveraged
products
(Over 50
Exchanges)
Commision Starting
at 1€ on U.S. stocks.
Starting at 1€ on U.S. stocks

However, leveraged trading involves overnight fees.
Starting at 1€ on U.S. stocks

Overnight fees are assessed on CFD positions if held overnight.
Starting at 1€ on U.S. stocks

Overnight fees are assessed on CFD positions if held overnight.
Trade Size From 1 Contract From 1 Contract From 1 Contract From 1 Contract
Leverage No leverage available Margin up to 33% of the position value Margin up to 80% of the position value Margin up to 80% of the position value. However, when the markets are open, margins will be lower.
Special Features Zero fees on specific Core-ETF selections Selection of Core-ETF is available Zero fees on specific Core-ETF selections Selection of Core-ETF is available
Account Opening Demo versions are unavailable. However, the minimum deposit needed to open an account is as low as €0.01 Demo versions are unavailable. However, the minimum deposit needed to open an account is as low as €0.01 Although demo versions are not available, to open an account, you only need to make an initial deposit of as little as €0.01.

How to delete a DEGIRO account- Instruction:

To effectively delete a DEGIRO account, you must withdraw your entire balance (from your account).

How to delete your account by e-mail?

DEGIRO account deletion (via e-mail) is as easy as following these steps:

Ensure that you have emptied your entire DEGIRO account, meaning you should refrain from holding any open positions and incapacitating real-time subscriptions.


Upon emptying your account, the next step is to get in touch with the service desk via e-mail (the ones responsible for deleting your account).


As soon as the support team provides instructions, follow them and sanction your account deletion request.

The following e-mail is an example of the kind of message you might be required to send to DEGIRO to request the deletion of your account:

Image

The request of deleting

Note:

It may take 30 days for the account to be officially closed since all outstanding fees will be charged in advance.

Reasons for deleting a DEGIRO account:

There are several reasons behind how to close DEGIRO account decision, and here are some of them:

One of the significant drawbacks that traders feel with DEGIRO is the need for a demo account that they can use to familiarize themselves with the trading software and the market before they make a decision to invest.


There is no longer a way (for traders) to trade.


Once you've traded with DEGIRO for some time, you decide it's not right for you.


You don't intend to return.


Last but not least, you cannot trade your desired product.

How to withdraw funds?

Here's how you can withdraw funds before closing your DEGIRO account in the most simplified way. All you need to do is:

Navigate to the official website of DEGIRO.

Image

How to withdraw funds


After visiting, an option for login will appear at the top right corner of your screen.

Image

How to withdraw funds


Upon clicking, input your login credentials.


After furnishing the credentials, you'll be redirected to the market tab.

Image

How to withdraw funds


Click on the deposit and withdraw button on the top right corner of your screen.

Image

How to withdraw funds


Upon clicking, a popup tab will appear with the options for depositing and withdrawing.

Image

How to withdraw funds

Click on the withdrawal option, and you'll be presented with a layout requesting certain details like:

Image

How to withdraw funds

From where the funds are being transferred (i.e., your digital account)


To your name account (from which you created the digital account)


The amount you would like to withdraw and


The description box (optional)

Upon providing the details, you will be able to withdraw your funds.

Note:

Withdrawal transactions generally take two to four working days to complete.

FAQ

Does DEGIRO provide its customers with the option of opening an Islamic Account?

DEGIRO imposes most of its fees into two rates

No - DEGIRO does not offer its clients the option of opening an Islamic Account.

What currencies are accepted by DEGIRO for depositing funds into a live trading account?

Here's the list of acceptable base currencies:

PLN


SEK


SEK


CHF


HUF


GBP


NOK


EUR


DKK


NOK


CZK

What are the available withdrawal methods on Digiro?

There is only one way to withdraw money to your account: via bank transfer.

Note:

Withdrawals can only be made to accounts owned by you.

Are there any inactive fees charged to the trading account by DEGIRO?

The DEGIRO trading platform does not charge any inactive fees.

Team that worked on the article

Andrey Mastykin
Author, Financial Expert at Traders Union

Knows about
Trading strategies, technical analysis, Forex, stock market, long-term investing

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.

He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.

Experience
Andrey's passion for finance began in 2009, and he has since accumulated extensive experience in trading and investing across various asset classes, including stocks, Forex, and cryptocurrencies.

He has spent over 15 years managing his own capital and working with financial portals, financial institutions, and IT companies, as a financial writer and analyst, further refining his investment expertise.

He is the author of several training courses on investing and trading in financial markets. Led multiple FX/Stocks/Crypto webinar educational presentations. Authored hundreds of articles on the global economy, stock, cryptocurrency, and Forex markets, along with trading strategies. He has also penned hundreds of professional reviews of financial firms.

Throughout his journey, Andrey has been heavily influenced by the works of renowned authors and investors like Benjamin Graham, Ray Dalio, Robert Shiller, and Nassim Taleb.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.