- Low trading fees, particularly for stocks and ETFs.
- Access to over 30 global exchanges.
- Regulated by the AFM (Netherlands) and BaFin (Germany).
84.97% of retail CFD accounts lose money
Degiro Broker Review 2024
Investing Options:
Products & markets:
Deposits & withdrawals:
Fees & costs:
Platforms & usability:
Safety & reliability:
Research tools:
Educational resources:
In This Guide
DEGIRO Review 2024: Everything You Need to Know
DEGIRO is one of Europe’s most popular online stock brokers, offering a wide range of financial instruments, including stocks, ETFs, bonds, and options. Known for its low fees and straightforward platform, DEGIRO has become a top choice for both retail and professional traders. In this detailed review, we’ll explore DEGIRO’s features, fees, pros and cons, and whether it’s the right broker for you.
DEGIRO Review 2024
DEGIRO has earned its reputation as a low-cost broker, particularly appealing to European investors. With access to global markets and competitive trading fees, DEGIRO offers a range of trading options for both novice and experienced traders. The broker’s platform is designed to be simple yet effective, though it may lack the more advanced features of MetaTrader.
Key Features:
- Low trading fees, particularly for stocks and ETFs.
- Access to over 30 global exchanges.
- No minimum deposit required.
- Regulated by the AFM (Netherlands) and BaFin (Germany).
Is DEGIRO Safe?
Safety is a top priority for investors, and DEGIRO is considered a safe and regulated broker. DEGIRO is regulated by top-tier financial authorities such as the Dutch Authority for the Financial Markets (AFM) and BaFin in Germany. Additionally, DEGIRO separates client funds from company assets, providing an extra layer of security.
Regulatory Information:
- Regulated by AFM (Netherlands) and BaFin (Germany).
- Client funds are held in a separate custodian account to protect investor assets.
- No negative balance protection for professional traders.
DEGIRO Fees and Charges
One of the key attractions of DEGIRO is its low-cost fee structure. Unlike many brokers, DEGIRO does not charge commissions on some ETFs, making it an appealing option for long-term investors. However, traders should be aware of some additional fees, such as connectivity fees for access to certain exchanges.
Fee Structure:
- Stock trading fees: Starts from €0.50 + 0.004% per trade.
- ETF trading: Free trading on a selection of ETFs, with a fee for others.
- No inactivity fee or deposit fees.
- Connectivity fees: For access to non-core markets, traders are charged an annual connectivity fee of €2.50 per exchange.
DEGIRO Account Types
DEGIRO offers a range of account types to suit different trading needs. Whether you’re a retail investor or a more advanced trader, DEGIRO has options for you. The accounts include Basic, Active, and Trader, each offering different levels of leverage and margin.
Account Options:
- Basic Account: Suitable for most retail traders, offering no leverage or short selling.
- Active Account: Provides access to margin trading and leverage up to 100%.
- Trader Account: Offers the highest leverage (up to 300%) and access to derivative products.
- Custody Account: Designed for long-term investors, with no securities lending but higher fees.
DEGIRO Trading Platform Review
DEGIRO’s proprietary platform is user-friendly, with an intuitive design that makes it easy for investors to navigate. The platform supports real-time streaming prices, an economic calendar, and research tools. However, it lacks some of the advanced tools available on platforms like MetaTrader or cTrader.
Platform Features:
- Web-based trading platform (no downloadable version).
- Mobile app available for iOS and Android devices.
- Real-time streaming of stock prices.
- No advanced charting tools or automated trading features.
DEGIRO Minimum Deposit
One of the advantages of DEGIRO is that there is no minimum deposit required to open an account, making it accessible for a wide range of investors. This is particularly beneficial for beginner traders who may want to start with a small amount of capital.
Deposit Information:
- Minimum deposit: €0 (no deposit requirement).
- Deposit methods: Bank transfer and Sofort banking (no credit card or e-wallet options).
- No deposit fees.
DEGIRO Pros and Cons
Every broker has its strengths and weaknesses, and DEGIRO is no exception. Here are the key pros and cons of trading with DEGIRO.
Pros:
- Low fees, especially for stocks and ETFs.
- No minimum deposit required.
- Wide range of global markets available for trading.
- Regulated by top-tier authorities.
Cons:
- No negative balance protection for professional clients.
- No advanced trading platforms like MetaTrader.
- Limited research and educational tools.
DEGIRO Withdrawal Process
DEGIRO supports straightforward withdrawals through bank transfer. Withdrawals are typically processed within 1-3 business days, and there are no fees charged for withdrawing funds. However, DEGIRO does not support credit card or e-wallet withdrawals.
Withdrawal Information:
- Withdrawal method: Bank transfer only.
- No withdrawal fees.
- Processing time: Typically 1-3 business days.
DEGIRO Spreads and Commissions
DEGIRO operates on a low-cost model, with spreads starting from 0.004% on stocks. Unlike many brokers, DEGIRO does not charge a flat commission on trades, making it attractive to high-volume traders.
Spread Information:
- EUR/USD spreads: Competitive spreads starting from 0.004%.
- Stocks: Commission structure varies, with fees as low as €0.50 per trade.
- ETFs: Free on select ETFs.
DEGIRO Customer Support Review
DEGIRO offers customer support through phone and email, but does not provide live chat support, which can be a downside for traders seeking immediate assistance. The support team is available during business hours, and responses are generally prompt.
Customer Support Information:
- Phone support available during business hours.
- Email support with a typical response time of 24 hours.
- No live chat support.
DEGIRO for Beginners
DEGIRO is a suitable broker for beginners due to its low fees, simple platform, and no minimum deposit requirement. However, the lack of educational materials and advanced trading features might make it less attractive to novice traders looking for comprehensive learning resources.
Beginner Features:
- Simple platform with user-friendly navigation.
- Low fees and no minimum deposit make it accessible to small investors.
- Lack of educational content compared to other brokers.
DEGIRO vs Other Brokers
When compared to other brokers, DEGIRO stands out for its low fees and global market access. However, it falls short in areas like customer support and trading platform features when compared to brokers like eToro or Interactive Brokers.
Comparison Points:
- Lower fees compared to eToro and Interactive Brokers.
- Fewer platform features compared to brokers offering MetaTrader or cTrader.
- Better access to European markets than some global brokers.
FAQs
Yes, DEGIRO is regulated by AFM (Netherlands) and BaFin (Germany).
There is no minimum deposit required to open an account with DEGIRO.
DEGIRO offers a web-based trading platform and a mobile app for iOS and Android.
No, DEGIRO does not charge fees for withdrawals.
Fees start from €0.50 + 0.004% per trade for stocks, and ETF trading is free on select ETFs
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