Degiro Review



  • Leverage: Margin Trading

  • Regulation: BaFin, AFM, DNB

  • Min. Deposit: $0

  • HQ: Netherlands

  • Platforms: Degiro Proprietary Trading Platform, Mobile App

  • Found in: 2008

Degiro Licenses:

  • flatexDEGIRO Bank AG, flatexDEGIRO AG - authorized by BaFin (Germany) registration HRB no 103516
  • flatexDEGIRO Bank Dutch Branch - regulated by AFM and DNB (Netherlands) permit no 12048408

Top 3 Forex Brokers

  1. What is Degiro?
  2. Degiro Pros and Cons
  3. Is Degiro Safe or a Scam?
  4. Margin Trading
  5. Accounts
  6. Products
  7. Fees
  8. Commission
  9. Deposits and Withdrawals
  10. Trading Platform
  11. Customer Support
  12. Education
  13. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years of experience in Stock and Forex Trading check all trading conditions, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see proposals fully to give expert opinions about Degiro.

What is Degiro?

DEGIRO is a European online Stock Trading company that allows investors to buy and sell a variety of financial products, including stocks, bonds, options, futures, funds, commodities, and ETFs. 

Based on our research, the firm primarily serves clients in various European countries, including the Netherlands, Germany, France, Spain, and others. Moreover, Degiro also provides access to global markets, including those in Australia, Japan, Hong Kong, and various other regions worldwide.

We found that the broker is authorized and supervised by German BaFin, as well as by the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). It complies with the regulations set forth by the European Securities and Markets Authority (ESMA) as well. These regulatory bodies help ensure that Degiro operates within legal and financial guidelines, providing a level of security for its users.

Overall, the company is renowned for its cost-effective trading model, providing competitive fees compared to traditional brokerage services and emphasizing a long-term investment approach.

Is Degiro Stock Broker?

Yes, Degiro is a Stock trading broker that facilitates the buying and selling of various trading products, including stocks, bonds, options, and ETFs. Known for its low-cost approach to trading, the firm has gained popularity among investors seeking competitive fees and a diverse range of investment opportunities.

Flatex Degiro

We found that flatexDEGIRO, the German branch resulting from the merger of Flatex and Degiro, offers online brokerage services catering to the German market. The broker provides diverse financial instruments, including Degiro stock, bonds, options, and ETFs.

Regulated by German financial authorities, the company ensures compliance with strict standards, providing traders with a secure and trustworthy platform for their trading and investment needs within the German financial sphere.

Degiro Pros and Cons

Per our findings, Degiro offers a low-cost approach to investing, offering competitive fees compared to traditional brokerages. The broker is among the most popular brokers and widely regarded companies, making it accessible for investors at various levels of experience. Additionally, the platform provides access to a diverse range of global markets, allowing users to diversify their investment portfolios.

For the cons, the research and educational resources might be limited compared to other platforms, which may pose challenges for investors who rely on in-depth analysis. Also, customer support has been cited as an area of improvement, with concerns about responsiveness and effectiveness.

European regulation and overseeNo 24/7 customer support
Competitive trading conditionsNo paper trading or demo account
Global market accessLimited research materials
$0 minimum deposit
Direct Market Access
Trading products
Secure investing environment
User-friendly interface
No hidden charges

Degiro Review Official Website

Degiro Review Summary in 10 Points
🏢 HeadquartersNetherlands
🗺️ RegulationBaFin, AFM, DNB
🖥 PlatformsDegiro Proprietary Trading Platform, Mobile App
📉 Trading ProductsStocks, bonds, options, futures, funds, commodities, ETFs
💰 Stock Commission€1 + €1 handling fee
🎮 Paper Trading/ Demo AccountNo
💳 Minimum Deposit$0
💰 Base CurrenciesEUR, GBP, USD, CHF, DKK
📚 EducationProvided
☎ Customer Support24/5

Overall Degiro Ranking

According to our analysis, Degiro ranks among the top investment firms due to its competitive investment services, and commitment to low fees. However, we recommend considering the specific investment needs, preferences, and potential limitations of the platform before making a decision.

  • Degiro Overall Ranking is 8.5 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry-leading brokers.
RankingDegiroTD AmeritradePublic
Our Ranking ⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantagesCompetitive FeesTrading ProductsInvestment Conditions

Degiro Alternative Brokers

Although the firm provides competitive trading solutions for investors, other stock trading firms in the industry expand their services or offer additional tools. These competing brokers may offer advantages such as a broader range of trading products, trading platforms, or more extensive educational materials. So, we have compiled a list of notable competitors for you to explore.


We found that Degiro has received recognition and awards for its services over the years. Below is the screenshot that includes some of these awards.

Degiro Review Awards

Is Degiro Safe or Scam?

No, Degiro is not a scam. It is a reliable Stock trading broker that follows the strict rules and guidelines established by European BaFin, AFM, and DNB. These respected regulations safeguard client assets and provide low-risk Stocks and Options trading.

Is Degiro Legit?

Yes, Degiro is a legitimate and trustworthy investing company for traders looking to invest and manage their assets. It is regulated by Top-Tier European authorities and has a good reputation and integrity in the financial market.

Additionally, the company does not offer services in offshore zones, emphasizing its commitment to operating within regulated jurisdictions and providing transparency to investors.

See our conclusion on Degiro Reliability:

  • Our Ranked Degiro Trust Score is 8.9 out of 10 for the good reputation and services provided, as well as not holding licenses in offshore zones and its regulation by respected authorities.
Degiro Strong PointsDegiro Weak Points
Top-Tier licensesNone
Professional investing environment
Client funds security
Two-step authentication

Customer Trading Protection

Degiro adheres to certain industry standards and compliance requirements since it is strictly overseen by European regulators, which include implementing measures to prevent fraud, unauthorized account access, and stringent identity verification processes.

Additionally, the firm is covered by the German Investor Compensation Scheme, providing compensation for losses arising from non-returned assets at a rate of up to 90%, with a maximum limit of €20,000.

Degiro Review Regulation

Margin Trading

Degiro Margin trading allows investors to borrow funds from the broker to leverage their investments, which is known as Margin Trading. The specific leverage amount provided by the broker can vary depending on factors such as the trader’s account equity and the individual stock being traded.

Degiro Margin Levels are offered according to BaFin, AFM, and DNB regulations:

  • European traders are eligible to use a maximum of up to 1:30 for major currency pairs.

Degiro Accounts

Based on our findings, the firm offers four distinct account types tailored to meet varying investor needs. The Basic account is designed for individual investors with standard trading requirements, providing a straightforward and cost-effective trading experience. The Active account is geared towards professional traders or those engaging in higher trading volumes, offering advanced features and tools. The Trader account caters to a broad range of investors, striking a balance between the Basic and Active accounts.

Lastly, the Day Trader account is specifically designed for those involved in frequent and intraday trading, providing features suited for this dynamic trading style.

Fast and easy account openingNo paper trading or demo account
Variety of account types
No minimum deposit

How to Open Degiro Live Account?

Opening an account with a broker is considered quite an easy process, as you can log in and register within minutes. Just follow the opening account or Degiro login page and proceed with the guided steps:

  • Select and Click on the “Open Account” page
  • Enter the required personal data (Name, email, phone number, etc.)
  • Verify your personal data by uploading documentation (residential proof, ID, etc.)
  • Complete the electronic quiz confirming your trading experience
  • Once your account is activated and proven, follow with the money deposit.

Trading Products

Degiro provides access to a diverse range of trading products, allowing investors to build well-rounded and diversified portfolios. This selection includes stocks, bonds, options, futures, Degiro crypto, funds, commodities, and ETFs.

This comprehensive range enables investors to engage in both short-term and long-term strategies, catering to different risks and investment goals.

  • Degiro Markets Range Score is 8.5 out of 10 for trading products overall which we rank as high also for offering some unique opportunities and investment options.

Degiro ETF

Degiro offers a wide selection o of Exchange-Traded Funds (ETFs) for investors. These funds, traded on stock exchanges, offer a convenient way to access a variety of asset classes, from equities to bonds. The platform enables users to easily incorporate ETFs into their portfolios, allowing for diversification and flexibility in investment strategies.

Degiro Review Trading Products

Degiro Fees

According to our findings, the broker offers low costs, making it an attractive choice for cost-conscious investors. However, specific fees can vary depending on the type of account, the investment products used, and other factors. Therefore, investors should review Degiro’s current fee schedule and terms as they can change over time.

  • Degiro Fees are ranked low or average with an overall rating of 8.5 out of 10 based on our testing and compared to over 500 other brokers for all fees applied. Some services are free of charge and others may apply some charges. See more comparison details below:

FeesDegiro FeesTD Ameritrade FeesPublic Fees
Deposit feeNoNoNo
Withdrawal feeNoNoYes
Inactivity feeNoNoYes
Investment PlansYesYesYes
Fee rankingLow/AverageLow/AverageLow

Trading Commission

Based on our test trade, Degiro is recognized for its competitive commission structure, offering investors cost-effective solutions for trading in various financial markets. The platform provides transparent and low commissions for transactions, allowing users to execute trades without incurring excessive fees. For instance, traders might encounter commission rates as low as €2 or €3 per stock trade, depending on the stock exchange.

However, trading commissions and fees can change over time and may vary based on the type of account, the specific investments, and market conditions. Investors should be aware of potential transaction fees associated with options trading and mutual funds, which may vary based on specific circumstances.

  • Degiro Commission is ranked good with an overall rating of 8.5 out of 10 based on our testing comparison to other brokers. We found fees are rather attractive since built into the commission charge, also transparent and suitable for investment.
Asset/ PairDegiro CommissionTD Ameritrade CommissionPublic Commission
Stocks Fees€2From $0$0
Fractional SharesNoNoYes
Options Fees€0.75From $0$0
ETFs Fees€1From $0$0
Free StocksNoYesYes

Degiro Review Commissions

Degiro Trading Hours

We found that the broker aligns its trading hours with the standard operating hours of the stock exchanges it facilitates. For example, if you are trading stocks on the NYSE, you can generally place orders during the regular market hours from 9:30 AM to 4:00 PM Eastern Time, Monday through Friday. Similarly, for European stock exchanges, trading hours typically span from morning to afternoon on weekdays.

Deposits and Withdrawals

The broker offers a few funding methods to facilitate deposits into user accounts. Common methods include bank transfers, allowing users to transfer funds directly from their bank accounts to their Degiro accounts. Additionally, users may have the option to fund their accounts using credit or debit cards. However, the availability of specific funding options may vary based on the trader’s location and the regulations governing financial transactions.

  • Degiro Funding Methods we ranked good with an overall rating of 8.5 out of 10. Fees are low, and you can also benefit from various account-based currencies.

Here are some good and negative points for Degiro funding methods found:

Fast digital depositsLimited funding methods
Multiple account base currencies

Degiro Minimum Deposit

The broker offers no minimum deposit requirement for opening a new account. Investors can open an account and start trading with any amount they are comfortable with.

Degiro minimum deposit vs other brokers

Degiro Most Other Brokers
Minimum Deposit $0 $500

Degiro Withdrawals

Per our analysis, the broker allows traders to initiate withdrawals from their accounts using the same methods they used for funding, such as bank transfers. While Degiro does not typically charge for withdrawals, users should be aware of any potential fees associated with bank transactions or currency conversions, depending on their individual circumstances and the financial institutions involved.

Withdraw Funds from Degiro

To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with necessary requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your Dashboard

Degiro Review Funding Fees

Degiro Trading Platform

The broker provides investors with its user-friendly and intuitive trading platform designed to meet the diverse needs of investors. The platform offers real-time market data, advanced charting tools, and an efficient order execution system. Investors can easily access a wide range of trading products, monitor their portfolios, and execute trades seamlessly.

Additionally, Degiro’s platform is available as a web-based application and a mobile app, providing flexibility for users to manage their investments on various devices.

  • Degiro Platform is ranked good with an overall rating of 8.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers an advanced trading platform and mobile app.
PlatformsDegiro PlatformsTD Ameritrade PlatformsPublic Platforms
Own PlatformsYesYesNo
Mobile AppsYesYesYes

Degiro App

According to our findings, the broker offers a user-friendly mobile app that empowers investors to manage their portfolios on the go. The app provides real-time market data, enabling users to stay informed about the latest market trends and execute trades seamlessly.

With an intuitive interface, users can easily monitor their investments, access charts, and place orders conveniently from their mobile devices. The Degiro app caters to both novice and experienced investors, offering a streamlined and efficient mobile trading experience.

Degiro Review Trading Platform

Degiro Customer Service

The broker’s customer support is available 24/5 through email, phone, and social media channels. However, Degiro’s customer service has been a topic of discussion among users, as some of them have raised concerns about the responsiveness and effectiveness of customer support.

Therefore, explore the available support channels, such as email or online help desks, and be aware of the platform’s customer service model when choosing Degiro for your investment needs.

  • Customer Support in Degiro is ranked good with an overall rating of 7.9 out of 10 based on our testing. However, we suggest checking recent user reviews, forums, or the broker’s official channels for the most up-to-date information on the current state of their customer support.

See our find and ranking on Customer Service Quality:

Phone, email, social media channelsNo 24/7 customer support
Quick responsesNo live chat

Degiro Education

In the end, the firm offers educational resources to help investors enhance their understanding of financial markets and investment strategies. While the platform is renowned for its cost-effective trading, users can access articles, tutorials, and guides to deepen their knowledge.

Degiro’s educational materials cover a range of topics, catering to both beginners and experienced investors, and providing valuable insights to assist traders in making informed investment decisions. However, the extent of educational content may not be as comprehensive as some other platforms, and investors may choose to supplement their learning with additional resources.

  • Degiro Education ranked with an overall rating of 8 out of 10 based on our research. We found that the broker offers good learning materials suitable for investors to enhance their knowledge.

Degiro Review Education

Degiro Review Conclusion

In conclusion, Degiro stands out for its cost-effective approach to trading, offering competitive fees and a user-friendly platform for investors. The platform provides access to a diverse range of global markets, allowing for portfolio diversification.

While its educational resources may be more limited compared to some competitors, and there are occasional concerns about customer service responsiveness, the firm remains a popular choice for those seeking affordable and accessible online brokerage services.

Overall, we found that Degiro provides a reliable trading environment for investment. However, we advise conducting your research and evaluating whether the firm’s offerings suit your specific trading requirements.

Based on Our findings and Financial Expert Opinions Degiro is Good for:

  • Stocks and Options trading
  • European investors
  • Investing
  • Direct market access
  • International traders
  • Competitive conditions
  • Low fees
  • Advanced traders
  • Professional trading
  • Commission based trading

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