Home » Online Broker » DEGIRO Review (2022)
![]() | Fees $0.50 to $2 +0.25% currency processing | Promotion Not active No promotion available at this time | Minimum deposit $0 |
DEGIRO is a global online broker that makes its services available to individuals who want to invest. The platform allows you to invest online in various products in a secure manner. DEGIRO was founded in 2013 and operates in 18 European countries. In the Netherlands, the broker is regulated by the Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB), among others.
In this DEGIRO review we will tell you more about the online broker, what DEGIRO costs you can expect, what the advantages and disadvantages of the provider are, how to create an account, how you can pay and how the customer service of the DEGIRO broker is arranged.
To invest with DEGIRO is very pleasant, especially for worldwide users. Users are enthusiastic about the service and the services that are offered for investing. The DEGIRO experiences speak among other things about the simple way of payment by using for example iDEAL.
Another plus is the fact that it is a global party, which offers its services entirely in Dutch, German, English, French and many more languages. Yet there are also some experiences that are only partially satisfied. This is partly due to the lack of a live chat with the customer service and the limited possibilities to make extensive analyses. For the picture, we have listed some important advantages and disadvantages for you below.
![]() ★★★★★ BAMagazine score | ![]() ★★★★★ BAMagazine score | ![]() ★★★★★ BAMagazine score |
Learn more | Learn more (review) | Learn more (review) |
Fees $0 Per trade | Fees $0 Per trade | Fees $0 Per trade |
Minimum Deposit $50 | Minimum Deposit $50 | Minimum Deposit $50 |
Promotion $50 – $5.000 Check conditions | Promotion 1 free stock Check conditions | Promotion 1 free stock Check conditions |
Would you like to know the advantages of investing with DEGIRO? Then you can see below which advantages we can offer you:
We don’t leave out the cons either. Disadvantages of having an account with the company include:
Of course, important when choosing a broker are the reliability and security of the provider. That the DEGIRO is reliable can be noted by several things. The broker is regulated by several authorities, is under the supervision of the Dutch Central Bank and has several licenses.
On top of that, the security of your account, the website and the platform that is offered is also in good order. Several measures have been taken for security so that you can always log in and invest safely with the broker.
At DEGIRO broker, compliance with the rules is supervised by the Authority for the Financial Markets (AFM), among others. Random checks and inspections are carried out regularly in order to ascertain whether the broker is adhering to the correct rules. For this purpose, the company is also under the supervision of the Dutch Central Bank (DNB).
DEGIRO has the necessary permits to perform its services and to offer investment services. Among other things, the firm has a license issued under the Financial Supervision Act. This allows DEGIRO to offer its services as an investment firm and you can see that DEGIRO is reliable.
The security of the website and platform you use is also important. Because you are using DEGIRO’s services online, it is important that your data and money are properly secured. DEGIRO’s website and platform are therefore equipped with SSL encryption.
SSL stands for Secure Sockets Layer and is a technical feature that creates an encrypted connection between your device and the platform. This technique protects your data, your money and other data from third parties. SSL encryption can be recognized by the padlock icon in the address bar of the website you are visiting.
The security of your money is also handled in several ways. Because you are using the services online, this has to be in order. The AFM and the DNB also supervise this. To ensure that nothing can happen to your money, it is placed in separate accounts.
In practice this means that your assets are kept separate from those of DEGIRO. In the unlikely event of problems at the broker, your money is at least safe. In the event of bankruptcy, for example, creditors will not be able to lay claim to your money.
To create an account with which you can invest, you can easily go through the following steps. The creation of an account at DEGIRO can be arranged within a few minutes.
To open an account at DEGIRO you must meet several conditions. As you have read in the step-by-step plan for opening an account, you must be at least 18 years of age or older. In addition, you must live in one of the 26 countries they work in and provide various details. To complete the application for an account you must, among other things:
As a client at DEGIRO you can choose from different profiles for your account. These profiles have different characteristics that fit the knowledge and experience you have with investing. What is important to know is that there is no DEGIRO demo account available. You can choose from the following profiles:
As you can see it is not possible to open a demo account at the DEGIRO, is this a essential requirement for your choice? You should look at the online broker eToro.
Custody | Basic | Active | Trader | Day Trader | |
---|---|---|---|---|---|
Trading shares, bonds, investment funds and trackers (ETFs) | Yes | Yes | Yes | Yes | Yes |
Trading leveraged products and warrants | No | Yes | Yes | Yes | Yes |
Buying on margin | No | No | Yes (up to 50% of your available margin) | Yes (up to 100% of your available margin) | Yes (up to 100% of your available margin with additional margin during trading hours) |
Going short | No | No | Yes | Yes | Yes |
Trading derivatives (options and futures) | No | No | Yes | Yes | Yes |
Free real-time prices on Euronext exchanges | No | Yes | Yes | Yes | Yes |
Free dividend and coupon processing | No | Yes | Yes | Yes | Yes |
For investing you can use the platform developed by DEGIRO itself. With this platform you have easy access to your account and portfolio. You can invest, look at quotes, make analyses and much more. The platform has a clear layout and is very user-friendly.
You have direct access to dozens of stock exchanges and can watch the quotes live. If you wish, you can immediately take action by buying or selling. You do not pay any extra costs for using the platform. You can easily log in with your account on a computer or laptop.
Do you want more detailed charts and the option to draw some lines and use indicators? Therefore DEGIRO is in comparison with other online brokers a bit simple. We recommend using a platform like Tradingview when choosing for DEGIRO.
It is also possible to use DEGIRO app for this purpose. With this app you can have direct access to your portfolio on your smartphone or tablet. The app gives access to more than 50 stock exchanges wherever you are. The program is suitable for devices with an Android or iOS operating system and can be used with the same account as you use on a computer or laptop. Due to the convenient features and the clarity of the app, it is suitable for novice investors and experienced users.
For depositing money you can use two methods at DEGIRO. This can be done easily by using iDEAL or by making a transfer through your bank. With iDEAL you can deposit money directly to the account on your smartphone or tablet. This can be done through your own bank with internet banking. The maximum deposit allowed for this is $50,000 at a time.
You can easily fund your DEGIRO account via bank transfer. On the negative side, the convenient and fast option of depositing via credit or debit card is not available.
For some accounts, Trustly, iDEAL and/or Sofort might be available as instant deposit options, but this varies by country. In the UK, only bank transfer deposits are accepted at the moment.
DEGIRO charges no deposit fees.
The advantage is that you have the money immediately at your disposal. Via a bank transfer this can take 1 to 2 working days. Withdrawing money from the broker can be done in the same way. This can be done by means of a bank transfer for which a DEGIRO transaction fee may be charged.
DEGIRO has strict rules on bank transfer deposits. It only allows transfers from bank accounts that are in your name and only from the accepted countries.
Deposits via Wise, Revolut, Monese, Currencies Direct, Currency Cloud or PayPal are not allowed.
DEGIRO charges no withdrawal fees.
You can withdraw only via bank transfer. E-wallets are accepted only for residents of certain countries such as Germany or Spain. In theory, the withdrawn amount should be transferred to your bank account within 3 business days. We tested it and actually received the money within 1 business day. In comparison with other online brokers this is very fast.
You can only withdraw money to accounts that are in your name.
If you want to trade at DEGIRO, you can choose from a wide range of products and services. It is wise to be aware of the transaction costs at DEGIRO. With an account you can trade in, among others:
Investment funds and ETFs;
To help users further on their way, there is DEGIRO’s Investor Academy. With the information and tools offered on the broker, it is easy for novice investors to learn how to invest. In addition to learning how to invest, it is also possible to discover what type of investor you are. Furthermore, you can learn investment strategies and discover how to use all the tools and functions of DEGIRO.
The educational tools offered for this purpose include blogs, online lessons and video’s explaining a variety of issues. These include information about buying the right shares, how to start investing and how to add or remove money from your portfolio.
The customer service of DEGIRO is simple and can be reached in various ways. You can contact DEGIRO by calling a landline, by sending an e-mail to the service desk or by searching the website under frequently asked questions. There you will find a variety of questions and answers about different subjects related to investing at DEGIRO.
Would you like to call the customer service desk? This is possible on working days from 8 in the morning until 10 in the evening. In the weekend and outside opening hours you can e-mail us. A big advantage is of course that you can be fully spoken to in Dutch by the employees of the broker.
DEGIRO is a reliable online broker from around the world. The services that are offered are in good order and the platform that was developed by DEGIRO for investing is well constructed. As a user it is pleasant that money can be deposited via iDEAL and other payment methods. This has the advantage that you can immediately dispose of your money and you don’t have to wait 1 or 2 working days before you can get started. It is also nice that you can use internet banking at your own bank.
The experiences with the customer service are good and it is nice that there are many possibilities for education. Moreover, all DEGIRO charges are clearly indicated to avoid misunderstandings. One point of attention for us is the missing live chat. If DEGIRO would pay attention to this, then everything would be completely fine as far as we are concerned.
After reading this DEGIRO review, are you curious what the possibilities are for you and do you want to investigate what type of investor you are? Then make use of the comparator on this page. With this tool you can put several brokers side by side and compare them on the basis of reviews, prices and the services they offer. If you have made a choice after comparing, you can simply open an account with the broker in question and start investing.
![]() ★★★★★ BAMagazine score | ![]() ★★★★★ BAMagazine score | ![]() ★★★★★ BAMagazine score |
Learn more | Learn more (review) | Learn more (review) |
Fees $0 Per trade | Fees $0 Per trade | Fees $0 Per trade |
Minimum Deposit $50 | Minimum Deposit $50 | Minimum Deposit $50 |
Promotion $50 – $5.000 Check conditions | Promotion 1 free stock Check conditions | Promotion 1 free stock Check conditions |
Can I use DEGIRO in English?
DEGIRO is available in English, but only in English-speaking countries. If you live in Germany, you can’t change the language to English. The interface and all the documents are in German. If you don’t speak German, this can be a problem.
Is DEGIRO good for day trading?
DEGIRO’s web-based platform is perfect for executing trades, despite not being the most advanced trading site in the industry. While it is easy to use, a lack of customisation options could potentially be improved upon.
Can you trade after hours on DEGIRO?
No, unfortunately, DEGIRO does not support Pre-Market or After-Hours trading.
Can I short stock on DEGIRO?
DEGIRO’s Debit Securities service allows clients to short sell. This service is available for the Active, Trader and Day Trader profile types.
Does DEGIRO offer margin?
DEGIRO gives you the possibility to buy on margin with our service Debit Money. This service is available for the Active, Trader and Day Trader profile types.
Is DEGIRO better than eToro?
DEGIRO is suited to European countries, while eToro is more of an international brokerage. The best option depends on the choice in which markets you want to invest. Use the comparator to view all offers with information about the access on worldwide exchanges.
Can you trade bitcoin on DEGIRO?
You can use your existing DEGIRO account to get your foot in the door of the crypto market. There is no need to set up a crypto wallet or use a crypto exchange. Crypto trackers are bought and sold on the stock exchange like regular stocks are, making them relatively simple to trade.
Freddy Agard writes daily about financial products and specializes particularly in the equity markets. He is happy to tell you more and enjoys reducing complex material to manageable and understandable information. Questions? Leave a comment at the bottom of the page!
![]() | Our score ★★★★★ | |
![]() | Our score ★★★★★ | |
![]() | Our score ★★★★★ |
Newsletter
Recent News
![]() |
Our score |
0% commission |
Realtime Stocks & Crypto data
Notifications, Tips & News
Best Stocks & Crypto Guides
Online Broker & Exchange Reviews
BAMagazine Finance is purely an informative website and in no case implies investment advice. All investments carry risks and you can lose all your investments. Do not invest money that you cannot afford to lose.
BAMagazine Finance
38 Holburn Lane
Heckfield Green
IP21 0UB
United Kingdom
Copyright © 2022 BAMagazine.Finance | All rights reserved.