Degiro Review

Degiro Logo

Degiro is a multi-regulated online broker founded in 2013 in the Netherlands. They provide trading services in a wide range of products that trade on over 50 exchanges across 30 different countries, offering very competitive fees and cost-effective ways of investing. The broker caters to more than 400,000 private investors from over 18 countries, enabling them to conveniently manage their investment online through their intuitive and user-friendly trading platform that is loaded with a comprehensive set of trading tools. Degiro has won several awards for its cheap trading services in the past, including the Best Low-Cost Stockbroker 2017 & 2018.

Degiro Review - International Awards
Degiro Review – International Awards

Degiro Review Introduction

In this Degiro review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

Degiro Platforms & Tools

Degiro provides its clients with a proprietary trading platform that gives them access to their portfolio, real-time quotes, market news, and a wide range of trading capabilities. The trading platform is a web-based platform, which is compatible with most modern web browsers, and there are also mobile apps for Android and iOS devices.

Degiro Review - Trading Platforms
Degiro Review – Trading Platforms

The broker also provides a range of trading tools to make it easier for traders to conduct market analysis, place different types of orders, manage their positions, set notifications, and do a lot more. There is also a cost calculator that traders can use to understand the cost of their trades.

Degiro Research & Education

The broker has a trading academy where traders can find written lessons and video tutorials. The written lessons cover financial products, order types, trading strategies, and other topics that are helpful to all levels of traders. Degiro’s tutorial videos are mostly focused on teaching how to use the Degiro trading platform.

Degiro Review - Trading Lessons
Degiro Review – Trading Lessons

Degiro Trading Accounts

Degiro operates three account types — basic, active, and trader accounts. Both the active and trader accounts can trade all instruments, but you can’t trade certain instruments from one account at the same time. Trading fees vary with the account type and instrument traded.

Degiro Account Funding

The broker accepts bank transfer and Trustly for funds deposits and only bank transfer for withdrawals. Bank transfers may take up to 2-4 business days to be processed. Degiro does not accept third-party payments. Accounts can be opened in EUR, USD, GBP, CHF, SEK, NOK, and DKK.

Degiro Customer Service

Degiro has an active customer support team that you can reach through the phone and email. The team is available from Monday to Friday, from 7:00 a.m. to 9:00 p.m. GMT. There is also an FAQ section on the broker’s website which contains answers to the commonly asked questions.

Degiro Regulation

The broker is regulated by multiple financial authorities. In the Netherlands, where it was founded, the broker is under behavioral supervision by the Netherlands Authority for the Financial Markets (AFM) and prudential supervision of the Dutch Central Bank (DNB). Degiro is also registered with the Chamber of Commerce and Industry in Amsterdam, with registration number: 34342820.

In the UK, the broker is registered with the Financial Conduct Authority (FCA), with the registration number 595455. Degiro keeps their clients’ funds in segregated accounts they have in some of the top banks in Europe.

Degiro Review Summary

Degiro is a well-established online stockbroker that also offers trading in a wide range of asset classes, with very competitive fees, through their proprietary trading platform. They are regulated in the Netherlands and the UK.

It is worth mentioning that some of the trading products and services in this Degiro review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Degiro broker website which you can visit by using the link below.

Trading complex instruments can come with a high risk. You should consider whether you understand how investments and trading work and whether you can afford to take the high risk of losing all of your money.

Degiro

7.2

Spreads

7.0/10

Liquidity

7.0/10

Commissions

7.0/10

Support

7.0/10

Regulation

8.0/10

Features

  • Relatively low trading fees
  • A range of tradable products