DEGIRO Review 2024
Minimum
deposit:
  • $1

Trading platform:

  • DEGIRO's proprietary platform
Regulation:
  • Netherlands Financial Markets Authority (AFM) and the Central Bank (DNB)
  • UK Financial Regulatory Authority (FCA)

DEGIRO Review 2024

Updated:
Updated: October 06, 2023

7.57

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $1

Trading platform:

  • DEGIRO's proprietary platform
Leverage:
  • Not indicated
Trading features:
  • Provides access to 50 European and world exchanges

Summary of DEGIRO Trading Company

DEGIRO is a reliable broker with the TU Overall Score of 7.57 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by DEGIRO clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company. DEGIRO ranks 4 among 79 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

DEGIRO has a high reputation and is a trusted broker for stocks, bonds, funds, options, and ETFs. DEGIRO provides its clients access to more than four world's largest stock exchanges. Trading is carried out through a convenient platform that allows you to track the quotes of the trading instruments you are interested in real-time. Commission fees in DEGIRO are low compared to competitors. DEGIRO is a regulated broker suitable for experienced and professional traders in the Eurozone who prefer to invest in stock market assets.

DEGIRO is a Dutch investment company operating since 2008. The broker has been providing online services since 2013. Today DEGIRO is headquartered in Amsterdam and has offices in 18 European countries. Its activities are controlled by the Financial Conduct Authority (FCA, 574048), as well as regulators in the Netherlands: Financial Markets Authority (AFM, 12048408) and Central Bank (DNB, R128868). DEGIRO was awarded over 86 international awards: financial publications of Germany, France, Denmark, and the Netherlands have repeatedly recognized the company as the best stock market broker. How to open a DEGIRO account

💰 Account currency: State currency of the client’s residence country
🚀 Minimum deposit: From 1 unit of the base account currency
⚖️ Leverage: Not indicated
💱 Spread: No
🔧 Instruments: Shares, ETFs, Currencies, Leveraged products, Bonds, Options, Futures
💹 Margin Call / Stop Out: No

👍 Advantages of trading with DEGIRO:

  • Low brokerage fees for trading stock market assets;
  • The ability to open transactions on European and American exchanges;
  • Simple trading platform functionality.

👎 Disadvantages of DEGIRO:

  • There is no online chat on the company's website.

Evaluation of the most influential parameters of DEGIRO

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

7.31

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

9.90

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

9.70

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

9.20

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

9.30

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

9.50

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

10.00

/10

Geographic Distribution of DEGIRO Traders

Popularity in

13.14%
BE
Belgium
9.68%
DE
Germany
6.74%
IE
Ireland
6.52%
PL
Poland
4.34%
NL
Netherlands
4.2%
TH
Thailand
3.3%
BG
Bulgaria
3.1%
AU
Australia
2.9%
ID
Indonesia
36.08%
Others
Others

User Satisfaction i

15 comments
Total score:
6.8 /10

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juwelshaj
2 years ago

Degiro is an experienced broker from the Netherlands. For me (a novice trader), the main condition for choosing was the absence of a minimum threshold for opening an account. The broker does not offer a demo version, so I immediately started trading for real money. An important factor for me is that the account can be opened in the base currency of the state of which you are a resident. This provides significant savings when withdrawing funds, since there is no need to incur conversion costs. Despite the fact that the broker also provides services on the stock market, which means it requires KYC, registration takes only one day. I read Degiro as a reliable company, I hope that I will not be disappointed in the process of work.

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alfarisi13
3 years ago

As prescribed by the terms of trade and withdrawal of money from the account, they are followed. It turns out there are no brakes with either execution or output. In fact, the conditions are average, there are worse and better conditions on the market, but for the fact that they are strictly observed, I value Degiro for this and work with them. Because what is the use of good conditions if the company does not comply with them and throws the client in all respects. I came across such. No, that's enough, it's better to trade calmly with degiro and not worry about execution and withdrawal.

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fariezqiero
3 years ago

There were some people who wrote that Degiro does not have a demo account and called it a disadvantage of the broker. I don't think so. It is better to start immediately with real trading, only with small amounts. Degiro has no entry threshold, you can trade with at least ten bucks in your pocket. The choice of account types here is decent, I also do not complain about the variety of assets. Commissions are as low as possible, the broker is not going to take everything from you.
My friend started trading on this platform as a complete newbie. He says that he was pleasantly surprised by the high-quality training at the Trading Academy and the patient attitude of the managers. They helped him to understand all the nuances and successfully start on the stock market.

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baxuz89
3 years ago

As for me, the main disadvantage of Degiro is a complex registration and long verification. I waited for the results of the document verification for several days, and then I had to redo many screenshots, because they wasn’t accepted. And there is no way to skip this step, since users without verification will not be allowed to withdraw money from the platform. The broker is regulated by higher authorities, so it has strict policy regarding AML and KYC.

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shishir0
19 weeks ago

degiro provides for good trading when economic news is released. If you're lucky, you can make good money in a short time. I passed verification quickly and funded my account, which took a while. The money didn’t arrive for a long time, but then everything went fine.

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Vladislavkl
1 year ago

Despite the large number of brokerage companies, it is difficult for me to find conditions more suitable than those of DEGIRO. This can only be realized when you start trading here. The quality of service is felt immediately!

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irssadh
3 years ago

I agree that Degiro provides wide opportunities for earning money on European and American exchanges. The commission is adequate, you can make good money on trading stocks and bonds. I started trading here myself a couple of months ago, but I have already withdrawn more than $ 10,000. There are not so many payment methods, so you don't have to choose much. I use a bank transfer. You can't count on a quick withdrawal, though. Usually the transfer takes almost a week.

Expert Review of DEGIRO

DEGIRO broker is perfect for investors who value low fees, European regulation, stability, and reliability. The company provides clients with access to all types of regulated financial instruments on the stock market around the world — to over 50 exchanges and a variety of assets such as bonds, stocks, funds, options.

DEGIRO's main priority is to provide retail investors with professional services with minimal commissions. The broker has developed an advanced trading platform that is perfect for all types of investors. Access to services is open to traders from the largest European countries, and not only from the Netherlands.

Each representative office of the company has its website, which allows clients to evaluate trading conditions in terms of their regional and trading needs.

DEGIRO app: main features and functionality

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Latest DEGIRO News

17.04.2023
The popularity of long-term investments is growing every year as more and more people try to provide themselves with a comfortable and secure future. One

Dynamics of DEGIRO’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets, and Products of the Broker

DEGIRO is an investment company that offers solutions for generating income from operations in the stock market. The broker provides its clients with access to 50 exchanges from Europe, North America, Asia, and Oceania.

DEGIRO’s affiliate program:

  • "Online Partner" is a program for website owners, bloggers, and publishers, which offers remuneration for information about DEGIRO promotion.

In addition to commissions, the partner gets a full package of marketing products: individual content, different types of advertising materials, and the personal account manager assistance.

Trading Conditions for DEGIRO Users

DEGIRO is a convenient broker for Europeans. There is no minimum deposit amount, that is why demo accounts have been canceled because even small amounts can be invested. Also, the company doesn’t charge commissions for the lack of activity on the account and its maintenance. An investment account can be opened within 1 day. DEGIRO offers convenient replenishment and withdrawal. The base currency is always the currency of the client's country of residence. How to buy/sell on DEGIRO read here.

Degiro short selling explained

$1

Minimum
deposit

1:1

Leverage

8/5

Support

💻 Trading platform: DEGIRO's proprietary platform — mobile app and web terminal
📊 Accounts: Custodian, Basic, Active, For a trader, For a day trader
💰 Account currency: State currency of the client’s residence country
💵 Replenishment / Withdrawal: Bank transfer using the Sofort and Trustly services
🚀 Minimum deposit: From 1 unit of the base account currency
⚖️ Leverage: Not indicated
💼 PAMM-accounts: No
📈️ Min Order: Not indicated
💱 Spread: No
🔧 Instruments: Shares, ETFs, Currencies, Leveraged products, Bonds, Options, Futures
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: Nasdaq, Xetra, CME Group, Euronext, Eurex, Borsa Italiana
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: No
⭐ Trading features: Provides access to 50 European and world exchanges
🎁 Contests and bonuses: 20 euros for participation in the "Member gets member" bonus program

DEGIRO Commissions & Fees

Information
DEGIRO trading terms were analyzed by Traders Union analysts for the explicit and hidden commissions. There is a fee for buying and selling instruments, as well as tax on income from dividends. All DEGIRO Fees for trading stock market assets are listed in the Compare Fees section. There is also a comparison of fees between DEGIRO and other stock brokers. The company doesn’t charge a commission for funds replenishment and withdrawal, but it is charged by the bank making the transfer. DEGIRO has no commission for opening and maintaining accounts.
Account type Spread (minimum value) Withdrawal commission
All the accounts for trading in the stock market. 1.5$ There is a bank commission

Sue to services specifics swaps (commission for shifting transactions to the next day) is not credited. Also, we’ve compared trading commissions at DEGIRO.eu with those of the competitors. As a result, each of them was assigned with a level from low to high.

Detailed Review of DEGIRO

DEGIRO broker is a popular brokerage company among European traders. Investment firms are prohibited from keeping clients' money inside the company in the Netherlands so DEGIRO investor funds are automatically transferred to one of the money market funds. FundShare Fund Management and Morgan Stanley Investment Management Morgan Stanley Investment Management are suppliers of money market funds. Also, all deposits of traders up to 20,000 euros are protected thanks to the Central Bank of the Netherlands license.

A few figures that could be interesting for traders choosing a broker:

  • Over 12 years on the European market.

  • Over a million active clients.

  • Over 86 international awards;

DEGIRO is an honest broker for medium and large investments

DEGIRO is a reliable intermediary between traders and major trading exchanges. The broker's clients can invest in stocks, bonds, ETF (trackers), investment funds, options, and other products that are listed on North America, Europe, Asia, and Oceania stock exchanges. Investors are provided with a convenient platform that allows them to monitor transactions in real-time. The company is chosen for its low trading fees, multiple licenses, and a wide range of assets available for trading. DEGIRO strives to provide clients with a secure trading environment, therefore, ensures the maximum degree of data protection and the investors' assets safety.

DEGIRO Profile Details: key information about the company

You can trade both in the web terminal and using the mobile application. After opening an account, you get access to the current news feed, current market analytics and quotes from the largest stock exchanges in Europe and the world.

Useful services of DEGIRO:‌

  • Blog. Section with investment ideas, analytical articles, and analyzes of the latest economic and financial events.

  • Exchanges’ working hours. Displays the world exchanges working hours, as well as a holiday calendar.

  • Investor Academy. A section with investment lessons for novice traders.

Investing involves risks. You can lose (a part of) your deposit. We advise you to only invest in financial products which match your knowledge and experience.

Advantages:

1

Trader's risk insurance for 20,000 euros.

2

A large selection of accounts for both novice investors and professionals.

3

Thousands of investment instruments with the lowest possible commissions are available.

4

Convenient trading platform with an intuitive interface.

5

There is a quality section with training in stock market trading.

6

You can profit from dividends or passive investing.

!Investing involves risk of loss

The broker doesn’t limit traders in strategies. At the same time, it offers professional tools, so the company is good enough for investors who prefer to hold profitable positions for at least 3 months, and do not often open transactions.

DEGIRO options trading review

Guide for Traders

DEGIRO allows you to open several types of accounts at the same time. These accounts are perfect for both investors with a small deposit and professionals with accumulated capital or managing traders. Accounts differ in a feature set but are available in one platform, which is convenient when switching from one type of account to another.

Types of accounts:

Account Type
Description
Basic account
The basic account is good for investing and holding assets. This type of account does not provide for the use of leverage.
Active account
An active account already has moderate leverage for making more profitable trades.
Trader account
The leverage is one of the highest on this account. Trader account is good for traders who have a lot of time for trading financial instruments and make transactions often.
Daytime Trader Account
You can use 100% of the margin when trading on this type of account. Daytime Trader Account is an account for professional traders with good knowledge, who hold a position intraday in the stock market only.
Custodian account
A Custodian account is designed to accumulate a deposit on favorable terms.

DEGIRO Account Types Compared

The broker doesn’t provide a demo account, however, there is no minimum deposit, so a trader can immediately carry out financial transactions with small amounts.

DEGIRO is a company for private European traders who strive to trade on the best terms previously available only to professional investors.

How to delete a DEGIRO account

Investment Education Online

Information

An extensive “KNOWLEDGE” section has been created on the DEGIRO website to help novice investors. It is full information about the basics of trading in the stock market, various types of analysis and charts of the world's stock exchanges.

Information available in the Education Section
Information not available at the DEGIRO site
Knowledge center with lessons on working with financial products, order types and pricing
Descriptions of trading strategies
Video instructions for investing with DEGIRO
 
Technical and fundamental analysis
 
Option strategies description
 

The broker doesn’t offer a demo account, since theoretical knowledge can be immediately applied in the real market.

Can you learn trading with DEGIRO?

Regulation (Protection for Investors)

Information

The Dutch investment compensation system Beleggerscompensatiestelsel with insurance coverage of up to 20,000 euros is used to protect customer funds.

The company flatex DEGIRO Bank Dutch Branch (trading under the name DEGIRO) is primarily supervised by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). In the Netherlands, the flatex DEGIRO Bank Dutch Branch is subject to integrity supervision by DNB and conducted surveillance by the AFM (The Netherlands Financial Markets Authority) and the Central Bank (DNB). The British division is also supervised by the FCA — the UK Financial Regulatory Authority.

👍 Advantages

  • Client funds are kept in money market funds
  • In the event of bankruptcy of the company, investors have access to compensation for up to 20 thousand euros
  • Contact government regulators to resolve disputes

👎 Disadvantages

  • Limited choice of payment systems for replenishing the balance and funds withdrawing

Withdrawal Options and Fees

  • The DEGIRO.eu company carries out withdrawals only to verified bank accounts.

  • There is no broker commission for funds withdrawing, however, traders have to pay fees charged by banks for making transactions.

  • Bank transfer takes up to 3 business days.

  • There are no restrictions on the withdrawal of funds. The broker works within the limits that can be set by the client's bank.

  • Verification is required before making a deposit.

DEGIRO Withdrawal Guide

Customer Support Service

Information

The broker's support service is available on weekdays: the exact opening hours depend on the representative office location.

DEGIRO Customer Service Review

👍 Advantages

  • Make a call or send an email.
  • Multilingual support

👎 Disadvantages

  • No online chat

There are several ways to contact the Company representatives:

  • call by phone numbers indicated on the site;

  • send email request;

Support is available on the broker's website and in a personal account.

Contacts

Foundation date 2013
Registration address Rembrandt Tower - 9th floor, 1096 HA Amsterdam, The Netherlands
Regulation
Official site
Contacts

Review of the Personal Cabinet of DEGIRO

To start trading on the stock market through the DEGIRO broker, please:

1

Visit the broker's website and select your country of residence. Click "Open an account” on the regional website.

DEGIRO Review - Account Opening
DEGIRO Review - Account Opening
DEGIRO Review - Account Opening
2

Specify a username and email address in the registration form for opening a trading account, and then come up with a password Next, confirm your email and log in to the system. Then enter your personal data according to your passport and link your active bank account to DEGIRO.

3

The following is available in the DEGIRO personal account:

1. Account replenishment and cash withdrawals.

DEGIRO Review - Account replenishment and cash withdrawals
DEGIRO Review - Account replenishment and cash withdrawals

2. Creating a referral link and viewing statistics on the "Member gets member” bonus program.

DEGIRO Review -  Affiliate program
DEGIRO Review - Affiliate program

1. Account replenishment and cash withdrawals.

DEGIRO Review - Account replenishment and cash withdrawals
DEGIRO Review - Account replenishment and cash withdrawals

2. Creating a referral link and viewing statistics on the "Member gets member” bonus program.

DEGIRO Review -  Affiliate program
DEGIRO Review - Affiliate program

Additional personal account functionality:

  • Transaction history.

  • Account and card management.

  • Personal data management.

  • Investment sections.

DEGIRO login

Disclaimer:

Your capital is at risk.  Investing involves risk of loss  Disclaimer for UK clients: Deemed authorised and regulated by the Financial Conduct Authority (FCA). The nature and extent of consumer protections may differ from those applicable to firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the FCA's website.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the DEGIRO rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about DEGIRO you need to go to the broker's profile.

How to leave a review about DEGIRO on the Traders Union website?

To leave a review about DEGIRO, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about DEGIRO on a non-Traders Union client?

Anyone can leave feedback about DEGIRO on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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