Degiro Guide – Read our In-Depth Degiro Review
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 US users.
If you are a new entrant in the world of trading and broker, so many details will be confusing for you. Getting into the world of trading requires expert assessing skills and comprehensive knowledge. You'll get adept at all the concepts of brokerage since you continue trading. For starters, you need to choose the ideal broker who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan will generate hefty returns. Degiro is just one such platform which will take you along with your investment to great heights. It is crucial to understand all about Degiro before you trust them with your money.
Our full Degiro Review covers everything you need to know about trading with Degiro. A fantastic agent can multiply your initial investments and provide you favorable profits. If you would like to earn profits, you should trade with a broker service that contrasts with your investment objectives.
There's absolutely no sure-fire way to ensure profits; thus, you must carefully analyze your broker before you select them. It's a frequent misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
Degiro is a broker which has found its way successfully into the broker world. In this review, we have tried to collate some of the vital facets of Degiro. This review can help you to understand whether Degiro is a fantastic fit for your investments or not. We have tried to breakdown all of the qualities and charges for your convenience.
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?
- 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 variety of instruments for trading. Since its start in 1934, Degiro has emerged as a top-tier player in the field of online brokerage. Degiro includes a highly aggressive and full-featured trading website that is 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 consumer base has become as big as 600,000+ clients.
Degiro is a favorite for many dealers.. Our Degiro review found that they are an superb choice for automated trading options. They're most appropriate for investors who are looking for an assortment of assets. Social and automated trading solutions are the heart at Degiro.
Technology plays a substantial role at Degiro. Degiro features trading on MetaTrader 4. Degiro is honest, transparent, and also a well-regulated broker 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 most traders. Third-party partnerships also supply in-house research.
The trader resource department at Degiro is quite insightful for new dealers as it permits them to have a closer look at the financial markets. Degiro caters to all sorts of traders and are a must-have broker for 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. These tools cover the financial markets considerably. Most of the broker platforms offer fewer approaches than Degiro
If you would like to exchange with Degiro, you'll need a minimum deposit of $0. This deposit is required 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 any other broker platform. Degiro is ideal for traders that want a manageable assortment of cheap services. The platforms provided by Degiro are third-party, white-label offerings. All traders can select from MetaTrader 4.
Along with everything, Degiro has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade has to be kept available. The agents offer premium client service that rewards customers with benefits.
Many unethical brokers attempt to pressurise customers into larger funding for premium services. Degiro, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the more advantages will become available.
Degiro accounts are available globally and provides outstanding service everywhere they have customers. There are a few countries where Degiro accounts are not available. Traders in the following countries cannot open or use a Degiro account:
Is Degiro Safe To Trade With?
Established in 2006, 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 figures have rules that mandate that trading platforms have ploicies in place to keep investor's assets procured. This means that Degiro users don't need to worry about their money as it's segregated and safely kept in established banks. SSL encryption simplifies each user's personal information as well.
You are able to make use of a choice for Two Factor Authentications (2FA) with Degiro for heightened security. An SMS with the confirmation code will be sent to your phone. You'll be asked to enter this code to log into your accounts.
Another concern with financial brokers with regards to security might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is much more prevalent in the case of Market Maker agents who compete with customers on the stage.
Pro's & Con's Of Trading With Degiro
Every online trading platform has some pros and cons Degiro review would be complete without showing both sides. 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 doesn't charge inactivity fees
- Degiro doesn't charge deposit fees
- Degiro doesn't charge CFD fees
- Degiro offer trading on MetaTrader 4
- Degiro offer 84 trading instruments
- Degiro can communicate in
- Degiro does not offer Negative Balance Protection
- Degiro does not offer Guaranteed Stop Loss
- Degiro charge withdrawal fees
- 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 Review - Compare Brokers Similar To Degiro
|Regulated By||Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)||Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)||Unregulated||Australian Securities and Investment Commission (ASIC)|
|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 powerful set of rules for ensuring honest trading onto its own platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer data is never to be shared with some other institutions or individuals. Including credit history and other financial details.
Degiro Review - Awards
- At the time of writing this Degiro review, they had not received any awards.
Degiro Review - Minimum Deposit Required
The minimum deposit you must deposit to begin on Degiro is $0. This is an adequate amount for people just beginning. It's possible to create more advanced residue as you go along. But, ensure you know 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 fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the amount of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three different types of fees for this purpose.
The first kind of fees to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these instances, you're spending a spread, funding speed, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Funding or overnight prices are people that are charged when you hold a leveraged position for more than a day.
Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They are charged for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, Degiro doesn't charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, for example weekly or daily trading.
But, non-trading fees charged by Degiro are comparatively competitive. As a result, you are charged more for non-trading actions on your trading accounts, such as withdrawal and deposits. These are not about the sale and purchase of assets.
This Degiro review breaks down each of the applicable non-trading fees for you in detail.
Compare broker fees against Degiro
Degiro Review - Withdrawal Fees Explained
Degiro charges a withdrawal fee if you create a bank transfer. Each time you move money into your bank account, these withdrawal fees become important.
Withdrawal of cash is possible at any time from your Degiro account. It's possible to draw up sums to the sum of your account balance, keeping aside the margin used. One thing to keep in mind 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 make deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent to the card. Degiro will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are opting to withdraw in.
Degiro Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your head while open an account with Degiro. An inactivity fee is an amount charged to registered dealers who have not engaged in buying or selling for a while. The period considered inactive is decided by the broker.
The inactivity fee differs from 1 broker to another and is not generalized. If a traders account doesn't have a buying or selling transaction, it is claimed by the broker as an inactivity charge. The traders have to pay this commission under terms and conditions 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 fees are implied by Degiro, it is best for you to close the account if you're inactive. Inactivity fees are not just charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you have selected. The inactivity fee is subjected to a lot of conditions and should be disclosed clearly by the agent beforehand.
Degiro Review - Deposit Fees Explained
When you move money in your trading account from the bank account, a deposit fee can be billed by the broker. Most agents do not 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 complete a single-user profile questionnaire to begin depositing money into your trading account. You'll need to provide an identity evidence 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 may 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 forex pairs is of interest to you then Degiro offer over 0 forex pairs.
Compare Degiro, easyMarkets, Betterment & Atiora below.
Alternatives To Degiro
If, after reading this Degiro review, Degiro does not meet your needs check out these Degiro alternatives.
We have scoured the internet to find the best alternatives to Degiro. Click the hyperlinks 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 inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register to get a demo account on Degiro, you may set out with a decent amount of virtual currency. It is to establish a feeling of safety and confidence in you until you decide to spend your own money.
With this digital Degirodemo account, you can experiment at all, to whatever length you desire. You might even open positions, test different trading strategies, and more.
Degiro specifies on its official website that you can exchange real time stocks in a demo account.
Is Degiro safe?
You can drop all of your worries since we believe that Degiro is perfectly safe to use. It is in compliance with all the principles of Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB).
Nevertheless, Degiro doesn't 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 acocunt with Degiro is $0. You should have a good hold over 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 multiple ways to finance your account with Degiro. The process is effortless and quick, with different payment methods at your fingertips.
You can use credit or debit cards Which range 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 isn't available in all place. The monies Degiro
Is my money safe with Degiro?
Yes, your money is safe and secure with Degiro. As you know, Degiro works with good conformation to. It has established plenty of measures to protect all of its investors.
Degiro safeguards its clients' private and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further protect your account, you can empower Two-Step Verification as well. It requires an SMS confirmation for you to get your accounts.
Is Degiro trading good?
Yes, trading through Degiro is a pleasant and good experience indeed. It's a great and intuitive platform with helpful features for your simplicity. In addition, you can even gain access to a huge collection of educational tools and assistive substance to kickstart your trading expertise.
If you remain skeptical, it is possible to open a eToro demo account and assess the credibility of the platform on your own.
Which Countries does Degiro support?
Degiro operates across the world. However, due to regulations there are some countries that Degiro can't accept clients resident in
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 an excellent agent, and its own users can vouch for it. The highlight of this platform is its fast order execution on trades.
You will discover the clean layout of the platform along with the admirable features 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 currently among the industry leaders. It supports over 600,000+ registered users and over 87 years of expertise on its own record. They are one of the world's top trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its incredible platform and broad range of resources plus tools so that you may 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?
Using Degiro, several traders earn a great deal of cash. But typically, through consistent trading, you can create between 2% - 10% profit a month.
This can look like a little number, but within the entire year, this adds to a significant amount of gains. Even though Degiro supply you all the tools to earn money, they cannot guarantee that you will gain.
Does Degiro have fees?
Yes. To start trading with Degiro, you need to deposit $0. Certain commissions while trading also applies. Any processing fees from your bank will need 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 globally 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?
No. Degiro does not provide negative balance protection. If your balance is negative, Degiro indicates you promptly contact customer services. For this, you are able to correct any imbalances within your own account.
Does Degiro offer guaranteed stop loss?Degiro regrettably, doesn't provide guaranteed stop loss. Degiro provides a chance to its dealers to close their trade in their given price. Aside from that, Degiro doesn't offer guaranteed stop loss.
Does Degiro allow scalping?Yes, Degiro do permit scalping. Several traders across the world select Degiro for their services that are trading. They offer trading on MetaTrader 4 which allow 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?
No, Degiro does not accept bank transfers.
Does Degiro accept credit cards?
No, Degiro does not accept credit cards.
Does Degiro accept PayPal?
No, Degiro does not accept PayPal.
Does Degiro accept Skrill?
No, Degiro does not accept Skrill.
Does Degiro accept Payoneer?
No, Degiro does not accept Payoneer.
Does Degiro accept Neteller?
No, Degiro does not accept Neteller.
Does Degiro offer Live Chat customer support?
No, Degiro does not offer customer support through live chat.
Does Degiro offer phone customer support?
No, Degiro does not offer customer support over the telephone.
Does Degiro offer email customer support?
No, Degiro does not offer customer support through email.
What languages can Degiro communicate in?
Degiro has the ability to communicate and support customers who speak:
Does Degiro have a wikipedia page?
No, Degiro does not have an official wikipedia page.
Does Degiro offer demo accounts?
Yes, Degiro offers demo accounts so you can learn their systems before risking any real money.