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An Honest Degiro Review in 2022

Last updated 16th May 2022
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Degiro is a European brokerage company that is user-friendly and has multiple options and plenty of information for traders. There are many ways to trade assets on Degiro. We’ll cover the pros, cons, and key features of Degiro to help you decide if this broker is right for you. Read on for more information.

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Degiro lets users trade a vast array of assets, including shares, ETNs, options, and futures contracts. This is a comprehensive trading platform that offers low commissions on stocks listed on most major exchanges, including Tokyo and Australia.

Degiro offers numerous account types, including day trader accounts. Each account is easy to use and can be accessed through your browser or on a dedicated mobile app.

The platform includes:

  • Numerous assets and trading options

  • Many account types to suit your trading strategy

  • Futures and options trading enabled

Degiro Overview

💼 Provider Type:Exchange
💸 Minimum Deposit:None required
💰 Trading Fees:Varied
💰 Deposit Fees:Varied
💰 Withdrawal Fees:Varied
💰 Management Fees:€5 monthly fee for trading US derivatives (options and futures)
🔀 Minimum trade orderNone required
⌛ Withdrawal Timeframe:1 business day
#️⃣ Number of Cryptocurrencies Supported:45+ through ETNs & ETFs
#️⃣ Number of Crypto Pairs Supported:0
💱 Top supported Cryptocurrencies:BTC, ETH, XRP, LTC
📊 Leverage:300x
📱 Native Mobile App:Yes
🖥️ Free Demo Account:No
🎧 Customer Support:Email, Phone
✅ Verification required:KYC
📈 CFD AvailableYes
📊 Software:Website, web app, mobile app
⚽ Social Trading:Yes
✂️ Copy Trading:Yes
👮‍♂️ RegulatorsNetherlands Authority for the Financial Markets (AFM), Dutch Central Bank (DCB), Financial Conduct Authority (FCA)

Pros And Cons of Using Degiro

Pros

No minimum deposit required
Many trading options
Segregated user funds
Intuitive mobile app available
Low trading fees

Cons

Very few educational tools or resources
Not available to US customers
No cryptocurrencies or forex are available

Degiro Cryptocurrencies and Trading Options

What Cryptocurrencies Can You Trade on Degiro?

Degiro does not offer direct cryptocurrency trading. However, you can trade cryptocurrency through exchange-traded notes (ETNs.) An ETN is a tracker that monitors the value of a particular asset or market.

Degiro lets you trade Bitcoin and Ethereum ETNs and also own numerous other cryptocurrencies via ETNS as well.

Keep in mind, trading with trackers is risky; only trade what you can reasonably afford.

Different Trading Options Offered By Degiro

Degiro offers access to 30 popular stock exchanges across the world, including popular markets in the US and Europe.

Degiro currently offers the following trading options:

ProductOffering
CryptocurrencyETNS only
Stocks900
ETFs5,400
Futures12
Options1,000

Can I Trade With Leverage on Degiro?

Degiro offers a maximum leverage trade of 300x. However, these trades are reserved for professional traders online. This is common practice among traditional and regulated online brokers.

Trading with leverage comes with additional risk. If you intend to leverage your trades, proceed with caution. We do not advise leveraged trading for beginners.

Product MaxLeverage Margin
CryptoNo leverage option available
ETFs1:3000.03%
Futures1:3000.03%
Options1:3000.03%

What Are the Spreads?

Degiro does not have any spreads. Instead, the broker charges a low fixed commission on trades. This commission starts at CHF 0.50 and rises depending on the assets involved in the trade.

Fees, Limits, And Payment Options On Degiro

What are the deposit and withdrawal fees, limits, and speeds?

Degiro does not have any minimum deposit requirements. In addition, the broker does not charge deposit or withdrawal fees. However, you can only withdraw your funds via bank transfer, which is standard among most day trading platforms.

Deposit Methods

  • Bank Transfer

  • SOFORT

Withdrawal Methods

  • Bank Transfer

  • SOFORT

How Much Are Degiro’s Fees and Commissions?

Degiro does not have any direct fees for withdrawing or depositing funds. However, the broker does charge trading fees. These fees change depending on the assets you trade. In fact, fees can decrease by 99% from asset to asset. Degiro does not charge any inactivity fees.

Degiro Trade Sizes And Limits

Degiro doesn’t have maximum trade limits. However, the minimum trade has to be at least CHF 1.00, regardless of the number of units or shares you are trading.

Degiro Trading Platform

On What Devices Can I Use Degiro?

Degiro is available via your online browser or through a mobile app that you can download from your app store. Unfortunately, Degiro does not have a downloadable desktop version. Try Degiro on the following devices:

  • Laptop/PC/Mac: Degiro’s browser-based platform is best enjoyed on a laptop or PC. You can make trades, deposits, and withdrawals; view charts; analyze markets and assets; manage your account; and more.

  • Android and iOS mobile devices: Degiro’s mobile app is available for Android and iOS devices. The app offers the same functionality as the desktop version, only streamlined for mobile use. Make trades, deposits, and withdrawals, check your account, browse charts and markets, and more.

Can I Use Degiro in Any Country?

Degiro is currently available in 18 countries across Europe. Some of these countries include:

  • UK

  • Germany

  • Spain

  • Netherlands

However, Degiro is unavailable in countries where CFD trading is prohibited, such as the US. The website is also banned in China and several other jurisdictions where crypto trading is outlawed.

Is Degiro Available in My Language?

Degiro’s main website is primarily available in English. However, you can access a fully translated version in 15 additional languages, which you can select from a drop-down menu at the bottom of the page. Some of these languages include:

  • German

  • Dutch

  • Spanish

  • French

How Easy Is It to Use Degiro?

Degiro has been designed with usability and functionality in mind, allowing users to trade quickly and securely regardless of their location or experience level.

Degiro’s intuitive trading platform is available via your browser or a fully-functional mobile version for Android and iOS. In addition, the mobile app comes with a QuickOrder feature on the dashboard for speedy trading. The broker provides real-time market values for all the major US and European exchanges, plus a bid/order book with 5-level depth.

Both the mobile and browser versions of Degiro are simple to use, intuitive, and offer every feature and tool you need to execute your trading strategy, whether you are new to trading or an experienced professional.

Key Features

Degiro is one of the more popular brokers in Europe, boasting 600,00 clients across 18 countries. These users benefit from many useful features and tools.

Some of the most prominent features include:

Access To Popular Global Markets

Users have direct market access to over 50 popular exchanges across the globe. Some of these exchanges include:

  • NASDAQ (North America)

  • NYSE (North America)

  • TSX (North America)

  • ASX (Asia and Oceania)

  • Tokyo (Asia and Oceania)

In addition, Degiro offers access to every major exchange across Europe.

QuickOrder Button

Degiro lets you execute buy orders faster with a useful QuickORder button. This feature can be found at the top of the dashboard. QuickOrder trade boxes simply require your order type, number of the units you want to buy, and your order duration. Then, click the order button to execute the trade.

Favorites List

Degiro also offers a watchlist to keep an eye on any stocks users are interested in and analyze their value and market fluctuations. Utilize the favorites list to make future entry points much easier later on.

Security and Regulation

Is Degiro Safe?

Degiro offers numerous features to help keep your account safe. For one, the brokers use a separate custodian to store clients’ assets, meaning funds are 100% segregated away from the main platform. In addition, Degiro invests any money received from clients into a Money Market Fund for additional security.

The broker also uses 2-Factor Authentication (2FA) and SSL encryption to keep your account secure.

Am I and My Funds Protected?

Degiro offers high levels of financial protection for users and their assets. If the broker suddenly goes bankrupt, you can rest easy knowing that your assets are held in a separate account away from Degiro. Your funds are kept in a segregated legal entity (SPV), entirely independent from Degiro. You can access all your funds from this legal entity whenever required.

In addition, Degiro’s investment protection is available to users for a sum of up to €20,000.

However, Degiro does not feature a demo account like many other brokers. A demo account is a useful way to practice your trading strategy and figure out the platform before risking any real funds. As such, beginner traders may want to be extra cautious to protect their funds.

Is Degiro Regulated?

Yes, Degiro adheres to guidelines and regulations set by the Netherlands Authority for the Financial Markets (AFM). The broker is under Dutch Central Bank (DCB) supervision as well. Degiro is also registered with the UK’s regulatory body, the Financial Conduct Authority (FCA).

We recommend only using brokers or exchanges that are regulated by an official regulatory body, as they will be more secure.

Do I Have to Verify My Account With Degiro?

As a regulated broker, Degiro must follow a KYC (Know Your Client) procedure. Clients must provide personal information, including government-issued photographic ID and proof of residency before they can trade with Degiro. They may also need to confirm their finances and trading knowledge. All information is confidential in accordance with the EU’s data protection regulations.

Extra Information

Educational Resources

Degiro does not have many educational resources or tutorials in its Help Center when compared to similar brokers. The available resources are only technical FAQS and various documents on taxation, money transfers, and similar subjects. If you are looking for trading advice, you may have to find it elsewhere.

Degiro does not have a demo account to help users understand its trading features.

Tools and Charting

Degiro features numerous charts and tools to inform trading decisions. However, those charts are very simplified and lack in-depth data.

The broker does have real-time streaming quotes, more than 20 technical indicators, and orders by value and number of stocks.

In addition, Degiro has numerous trading options, leverage opportunities, and other functions for quick and easy trades.

Customer Support

Degiro offers an average customer support service, according to user reviews. While the broker does not have a live chat 24/7 customer service option, you can contact the Degiro support team via email or phone.

According to reviews, the team is quick to respond to queries. However, users may have better luck contacting via email rather than the contact number due to COVID-19 measures.

How to Open An Account With Degiro

To open an account with Degiro, follow these steps:

Step 1 - Visit Degiro’s official site & sign Up

Enter your name and email address, and select a unique password

Step 2 - Verify your details

Degiro will then send a confirmation email to verify your details

Step 3 - Verify your identity

Once you verify your email address, you will have to verify your identity. Upload a government-issued photo ID (driver’s license or valid passport) and another piece of ID with your current address (bank statement, utility bill, etc.)

Step 4 - Add bank details

Once Degiro verifies these documents, enter your bank details. You’ll use these details to fund your Degiro account shortly.

Step 5 - Read & accept terms

Once you complete that part of the registration, you will have to complete an appropriateness test and agree to Degiro’s conditions for real-time asset prices. You can then explore Degiro’s assets and exchanges.

Step 6 - Make a deposit & start trading

Deposit funds into your account and make your first trade.

Is there an alternative to Degiro?

Yes, there are many more ways to trade cryptocurrencies. Check out some of our reviews for the best brokers:

1
eToro
Minimum Deposit
$200
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
2
Coinmama
Minimum Deposit
$100
Exclusive Promotion
User Score
9
Easy to use tool
High profit potential
Offers Phone Support
3
Atani
Minimum Deposit
$100
Exclusive Promotion
User Score
9
Popular among traders
Fast system for trading
Popular for beginners

Final Thoughts

Degiro represents a viable trading option for beginner traders who value usability and simplicity but would still like to access over 50 popular stock exchanges across the globe. In addition, Degiro offers minimal fees and no low transaction limits, benefitting traders who only want to trade with small sums at first.

Account registration is quick and straightforward, users should be set up and verified within a day if they have the relevant documents at hand. In addition, the mobile and web-based platforms are as intuitive as each other, so you can access Degiro whenever and wherever you like.

The broker offers numerous features, market news, and trading options that allow for quick trades on various assets. Leveraged trading options are also available if you are experienced enough to know the risks.

While there are few educational resources and a demo account would be useful for inexperienced traders, Degiro is a broker that deserves your attention if you are based in Europe and want to diversify your assets. However, it is important, as always, to do your own extensive research before using any exchange, as virtual currencies are volatile and regulations vary.

Khashayar Abbasi

Khashayar Abbasi

Khashayar discovered Bitcoin back in 2014 and has since spent countless hours researching the different use cases of cryptocurrencies. He has a bachelor's degree in International Relations and has been a writer in the financial services industry for nearly half a decade. In his spare time, Khashayar enjoys photography, cycling, and ice skating.