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Review DEGIRO

DEGIRO, starting in 2013 in the Netherlands, quickly grew across 18 European countries and partnered with flatex in 2020. It’s regulated by top authorities like the AFM and the Dutch Central Bank. Known for low fees, DEGIRO offers global asset diversification and user-friendly web and mobile platforms. However, it doesn’t support Forex trading and has limited educational and research tools. Also, you can only deposit funds from a registered bank account, not from debit or credit cards.

Recommended to:

DEGIRO is a good pick for new investors and those aiming for long-term savings. It’s easy on the wallet, straightforward to use, and gives access to big international stock markets and a bunch of ETFs.

Pros

  • Low fee structure
  • Global available assets
  • Easy-to-use web and mobile platform

Cons

  • Limited educational and research tools
  • Demo account is not provided
  • No credit/debit card deposit

Review’s Keypoints

Country of regulation

Netherlands

Minimum deposit

€0

Time to open an account

1 day

Trading fees class

Low

Deposit with bank card

Not available

Number of base currencies supported

7

Products offered

Stocks

ETFs

Funds

Bonds

Options

Futures

Crypto

Depositing with electronic wallet

Avalible

Demo account provided

Not available

Fees

DEGIRO offers low trading fees for all asset classes including, stocks and options.  Non-trading fees are also low, with zero inactivity or withdrawal amounts.

Pros

  • Affordable fees for mutual funds
  • No charges for account inactivity
  • Low pricing for stocks and ETFs

Cons

  • Charge for converting currencies

DEGIRO Costs

Assets
Costs Level
Costs Terms
Assets
US Stocks
Costs Level
Average
Costs Terms
$4.8
Assets
EU Stocks
Costs Level
Average
Costs Terms
€4.9
Assets
US Options
Costs Level
High
Costs Terms
$3.75
Assets
EU Options
Costs Level
High
Costs Terms
€5.75
Assets
US Futures
Costs Level
High
Costs Terms
$6.75
  • *** 1000 in EUR or USD for the Stocks transaction
  • *** Price per contract for Options & Futures

Transfers

DEGIRO supports fund transfers via manual bank transfers, with no deposit or withdrawal fees. Credit or debit card deposits are not available. Withdrawals, processed only to your primary bank account, can take 2-4 days. E-wallet options are limited to specific countries.

Pros

  • No cost for withdrawals via bank transfer
  • No cost for deposit

Cons

  • Credit/Debit card not available

Trading Platforms

Web Trading Platform

The web platform of this service is user-friendly and available in multiple languages, though it's somewhat dated and lacks customization. It offers both one-step and more secure two-step logins via Google Authenticator. Order confirmations are sent via email, but there's no text message alert or price alert functionality. The platform provides clear portfolio and fee reports, making it easy to track owned products and transaction fees.

Mobile Trading Platform

The mobile trading app, matching your account's language, is straightforward and secure. It features two-step verification using Google Authenticator for enhanced security. Additionally, it supports Touch and Face ID for devices that have these capabilities, with setup accessible through the app's login screen. The app's search functionality is also notably efficient.

Desktop Trading Platform

Not available

Offering

DEGIRO in numbers:

0
Exchanges
0
Countries
0
Global Awards

Stocks & ETFs

The selection of stocks and ETFs is more limited compared to larger brokerages, but it still provides access to 30 stock exchanges and over 5,000 ETFs.

Funds

The fund provider selection is smaller than TradeStation Global, offering options from major firms like BlackRock and Vanguard.

Bonds

The available range of corporate and government bonds is decent, but it doesn't quite match up with some of the larger brokerage services.

Futures

The coverage of futures markets is satisfactory, though it's somewhat limited compared to some of the larger brokerage firms.

Options

Trading on 12 market options is available which are considered a competitive selection.

Cryptos

You can invest in Bitcoin and Ethereum through ETN instruments traded on the Stockholm Stock Exchange.

Tools

Fundamental data

DEGIRO offers fundamental data for stocks, displaying key figures and ratios under the stock's chart. The 'Financials' tab allows for analysis of a company's income statement, balance sheet, and cash flow.

Charting Tools

DEGIRO offers effective charting tools with 13 technical indicators. While not the most advanced, they are adequate and user-friendly for an execution-only trading platform.

News Feed

DEGIRO's news feature on its trading platform is somewhat limited, offering updates only on the main page and within specific product details. Compared to other platforms, which pull from a broader array of news sources, DEGIRO's news coverage seems lacking and less comprehensive.

Regulation

As a German regulated bank, flatexDEGIRO Bank AG is primarily supervised by the German financial regulator, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Authorities of other countries where DEGIRO provides its services are also notified by Bafin and are aware of its operations. In the Netherlands, the Dutch Central Bank (DNB) is tasked with the integrity supervision of DEGIRO. DEGIRO is deemed authorized and regulated by the Financial Conduct Authority in the UK. In addition, flatexDEGIRO Bank AG falls under the indirect supervision of the European Central Bank (ECB).

Bottom Line

DEGIRO stands out for its easy-to-use platform and low transaction fees, making it an attractive option for investors who prioritize affordability and simplicity.

 

The quick account opening process and highly-rated trading platform contribute to its appeal in Europe. While it lacks extensive educational and research tools and doesn’t offer forex trading, its straightforward bank transfer process for deposits and withdrawals adds to its convenience.

 

With no minimum deposit requirement and no inactivity fees, DEGIRO is a compelling choice for those exploring online brokerage options.