Summary

Recommended for traders and investors looking for execution only

DEGIRO review summary

 

DEGIRO is a German-Dutch online discount broker. It was established in 2008 by former employees of another brokerage company in the Netherlands. DEGIRO merged with flatexDEGIRO Bank AG in early 2021, creating the biggest online execution-only broker in Europe with its own banking license.

DEGIRO is regulated by top-tier financial authorities such as the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, or BaFin) in Germany.

Disclaimer: Investing involves risk of loss.

Disclaimer for UK clients: Deemed authorised and regulated by the Financial Conduct Authority (FCA). The nature and extent of consumer protections may differ from those applicable to firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the FCA's website.

Our overall DEGIRO rating

Compare this broker to the best DEGIRO alternative here.

Best discount broker Best broker for stock trading

We selected DEGIRO as Best discount broker and Best broker for stock trading for 2021, based on an in-depth analysis of 70+ online brokers that included testing their live accounts. Check out the complete list of winners.

Overall Rating
4.8
Fees
4.6
Account opening
5.0
Deposit and withdrawal
3.3
Trading platform
4.4
Markets and products
3.6
Research
2.1
Customer service
3.8
Education
2.5

DEGIRO pros and cons

DEGIRO offers one of the lowest fees on the market in all asset classes and is regulated by multiple top-tier regulators. Its web and mobile trading platforms are well-designed and easy to use.

On the downside, forex trading is not available, research tools are quite limited, and credit/debit card deposit is not possible.

Pros Cons
One of the lowest fees on the market Forex not available
Regulated by top-tier authorities Limited research tools
Easy-to-use web and mobile platform No credit/debit card deposit
DEGIRO main features and highlights
🗺️ Country of regulation Germany
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1 day
💳 Deposit with bank card Not available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 9
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Fund, Bond, Options, Futures

DEGIRO review
Fees

4.6
To find out more about its trading and non-trading fees, visit DEGIRO

or
Compare to its best reviewed alternative: Comdirect
DEGIRO has low trading fees for all asset classes, from stocks to options; while US stock trading is free. Non-trading fees are also low, as there are no inactivity or withdrawal fees.
Pros Cons
No inactivity fee Higher fees for Asian and minor European stock exchanges
Low stock and ETF fees €5 monthly fee for trading US options
Free US stock trading
DEGIRO fees snapshot
Assets Fee level Fee terms
US stock Low Commission-free
EURUSD - Not available
Mutual fund Average 0.1% + €7.5 and 0.2% annual administration fee
Inactivity fee Low No inactivity fee

How we ranked fees

We ranked DEGIRO's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

In the sections below, you will find the most relevant fees of DEGIRO for each asset class. For example, in the case of stock investing the most important fees are commissions.

We also compared DEGIRO's fees with those of two similar brokers we selected, Comdirect and LYNX. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of DEGIRO alternatives.

To have a clear overview of DEGIRO, let's start with the trading fees.

DEGIRO trading fees

DEGIRO's trading fees are low for all asset classes. We analyzed the fees of DEGIRO UK; please note though that fees vary a bit from country to country.

Stock fees and ETF fees

DEGIRO offers low stock and ETF commissions. As of 22 November, 2021, DEGIRO doesn't charge any commission if you trade on US stock exchanges.

There's also a list of ETFs that can be traded for free once a month (conditions apply - more information at DEGIRO), meaning either one buy or one sell transaction. Additional transactions for the same ETF product within the same month may also be free, as long as they are the same type of transaction (i.e. buy or sell) as the first one, and the trade is at least $/€1,000.

DEGIRO stock and ETF commission on a $2,000 trade
  DEGIRO Comdirect LYNX
US stock $0.0 $15.5 $5.0
UK stock $2.8 $15.5 $12.6
German stock $5.8 $11.9 $7.2

DEGIRO review - US stock trading fees comparison

If you have dividend-paying stocks, you should avoid opening a so-called custody account, as it has a very high processing fee for dividends: €1 + 3% of the dividend amount. Click here to see other available account types that don't have this fee.

At DEGIRO, stock, ETF and warrant fees are the same.

The trading fee is usually calculated as a flat fee plus a percentage of the traded volume, except for Canada, where you are charged based on the number of shares traded. The flat fee for Asian and smaller European markets is higher. Note that there is usually a discounted rate for trading on your home market (e.g. investors from Spain trading on the Spanish market, etc.)

DEGIRO stock, ETF and warrant commission pricing
Market Commission Max
UK £1.75 + 0.014% £5
US - -
Germany – XETRA €4 + 0.05% €60
Germany – Zertifikate-Börse Frankfurt €2 + 0.11% -
Germany – Frankfurt (Stocks)  €7.5 + 0.09%  -
Belgium, Denmark, Finland, France, Ireland, Italy, The Netherlands, Norway, Austria, Portugal, Spain, Sweden, Switzerland €4 + 0.05% €60
Canada €2 + CAD 0.01 per share -
Australia, Hong Kong, Japan, Singapore €10 + 0.06% -
Poland €5 + 0.16% -
Hungary, Greece, Czech Republic, Turkey €10 + 0.16% -
ETFs €2 + 0.03% -
Free ETFs 1 free trade/month -

If you prefer stock trading on margin, you should check DEGIRO's margin rates.

Margin rates are charged when you trade on margin. This basically means that you borrow money from your broker to trade, for which you have to pay interest.

The unallocated interest rate is 4%, calculated annually and charged monthly.

It's possible to allocate the amount of Debit Money you intend to use under 'Allocation' in your 'Settings' menu. If you have allocated Debit Money, the interest charged will be 1.25% plus the overnight banking rate, charged on the full amount allocated regardless of how much is used. The chosen allocation will always be applicable for a full calendar month. This means that you can benefit from a lower interest rate but have less flexibility regarding the amount that you pay interest on.

DEGIRO annual margin rates
  DEGIRO Comdirect LYNX
USD margin rate 4.0% - 3.6%
GBP margin rate 4.0% - 3.6%
EUR margin rate 4.0% 4.0% 3.5%

Fund fees

DEGIRO has average fees for funds.

DEGIRO commission for a $2,000 fund purchase
  DEGIRO Comdirect LYNX
Mutual fund $11.1 $20.0 $7.2

Similarly to stocks, DEGIRO charges a flat plus volume-based fee for funds. Flat fees are high for some non-listed funds.

Any entrance or exit fees the fund provider might charge are passed on to the client by DEGIRO.

Custody fees are charged monthly (DEGIRO calls them a "service fee"), based on the value of your investment fund portfolio on the last day of the month. It adds up to 0.2% for a year, with the exception of FundShare Cash Funds / Morgan Stanley Liquidity Funds, where no such charge is levied.

DEGIRO fund commission pricing
Mutual funds Commission Monthly custody fee
Euronext Fund Services €7.5 + 0.10% 0.017%
Non-Exchange Listed Investment Funds (STP) €7.5 + 0.10% 0.017%
Non-Exchange Listed Investment Funds (Non-STP) €7.5 + 0.10% 0.017%
FundShare Cash Funds / Morgan Stanley Liquidity Funds Free Free

Bond fees

DEGIRO has generally low bond fees.

DEGIRO commission on a $10,000 government bond trade
  DEGIRO Comdirect LYNX
US Treasury bond - $34.5 $10.0
EU government bond $11.0 $30.9 $16.8

See the details of DEGIRO's volume-based pricing in the following table:

DEGIRO bond commission pricing
Market Commission
Germany – Xetra / Frankfurt  €5 + 0.05%
The Netherlands, Belgium, Portugal, France €2 + 0.06% 
OTC bonds (e.g Norwegian) €35 + 0.03%

Options fees

DEGIRO's options fees are low. Its competitors charge a higher trading fee for this asset class. However, DEGIRO charges a connectivity fee of €5 per calendar month for using US stock index options markets. This fee will be charged for trading and holding positions on these markets, irrespective of the number and size of transactions.

Unlike some brokers, DEGIRO has a charge for Exercise/Assignment/Cash settlement of options, although it is only €1 per contract.

DEGIRO stock index options commission of 10 contracts
  DEGIRO Comdirect LYNX
US stock index options $5.0 - $24.0
UK stock index options - - $49.0
German stock index options $10.8 $54.0 $21.0

DEGIRO options fees are volume-based, i.e. the fee you pay depends on the number of contracts you buy. Exchange costs are not included in the commission (for example, exchange costs are SEK3.50/contract for indices on Sweden's OMX exchange).

DEGIRO pricing for stock index options
Market Commission
US - CME, CBOT, CBOE, NYMEX, COMEX $0.50 / contract
Germany €0.75 / contract
Spain €1.50 / contract
The Netherlands, Belgium, France, Portugal €2.00 / contract
Norway, Finland, Sweden, Denmark  €0.50 / contract
Other countries €2.00 / contract
Option exercise / assignment €1.00 / contract

Futures fees

DEGIRO's futures fees are also low.

However, DEGIRO charges a connectivity fee of €5 per calendar month for using US futures markets (CME, CBOT, CBOE, COMEX, NYMEX). This fee will be charged for trading and holding positions on these markets, irrespective of the number and size of transactions.

Unlike some brokers, DEGIRO has a charge for Exercise/Assignment/Cash settlement of futures, although it is only €1 per contract.

DEGIRO stock index futures commission of 10 contracts
  DEGIRO Comdirect LYNX
US micro e-mini stock index futures $5.0 - $12.5
UK stock index futures - - $28.0
German e-mini stock index futures $9.0 $54.0 $12.0

Similar to options, futures fees are calculated based on the number of contracts. Exchange costs are not included in the commission for US and Nordic markets (for example, exchange costs are SEK3.50/contract for indices on Sweden's OMX exchange).

DEGIRO pricing for stock index futures
Futures Trading fee
NYSE Liffe - Amsterdam, Brussels, Lisbon, Paris €2.50 / contract
EUREX main indices - EURO STOXX 50, DAX, DAX Mini €0.75 / contract
EUREX other stock indices €2.50 / contract
USA - CME, CBOT, NYMEX, COMEX $0.50 / contract
MEFF (Spain) €1.50 / contract
Norway, Finland, Sweden, Denmark €0.50 / contract

Non-trading fees

DEGIRO has low non-trading fees. There is no account fee, inactivity fee, withdrawal fee, deposit fee or custody fee (with the exception of a service fee for mutual funds, levied monthly).

DEGIRO non-trading fees
  DEGIRO Comdirect LYNX
Account fee No No No
Inactivity fee No No Yes
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0

On the downside, there is an unusual fee category called the "Exchange Connectivity Fee". This is charged for trading outside of your home market.

You will pay a maximum of €2.50 per calendar year for each stock exchange you used with the exception of your home market. For example, as a UK investor, you wouldn't have to pay for using the London Stock Exchange. However, an investor from Germany or France would need to pay €2.50 each year if they used the London Stock Exchange and another €2.50 for using the Stockholm Stock Exchange, etc. These charges will be applied if you carry out a transaction or hold a position on the specific exchange during the calendar year.

In addition, the connectivity fee for US options markets is €5 per exchange per calendar month, so this would add up to €60 per year if you were to trade on one of these markets every month.

If your account currency differs from the currency of the asset you want to buy, a currency conversion fee is charged. At DEGIRO, you can do this either automatically or manually, but the fees for these two options are different. The default setting is automatic, but you can change it to manual for each currency.

  • For automatic currency conversion, DEGIRO charges 0.1% of the transaction value (above the current spot rate). If you set up your account this way, DEGIRO will simply do the conversion automatically when you buy or sell an asset. For example, if you have a GBP account and you sell a stock denominated in EUR, you won't end up with a EUR balance, because it will be automatically converted back to your base currency (GBP in this case).
  • For manual currency conversion, DEGIRO charges €10 + 0.02% of the converted amount. You should avoid this option when exchanging lower amounts, because of the high fixed fee. If the account is set up up this way, you might end up with other currencies on your account than your base currency (e.g. if you sell Apple shares, you will end up with USD on your balance, even though your base currency is EUR).

DEGIRO review
Account opening

5.0
To experience the account opening process, visit DEGIRO

or
Compare to its best reviewed alternative: Comdirect
The account opening process at DEGIRO is fast, fully digital, and no minimum deposit is required.
Pros Cons
Fast None
Fully digital
No minimum deposit

Can you open an account?

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What is the minimum deposit at DEGIRO?

There is no minimum deposit. This is great if you want to invest only smaller amounts. 

Account types

DEGIRO offers the following account types:

  • Custody
  • Basic
  • Active
  • Trader
  • Day Trader

You can access more and more products and features as you go down the list; Custody offers the fewest and Day Trader the most services. Trading fees are the same across all profiles, though there are some minor exceptions for Custody accounts.

As a general rule of thumb, only open a custody account if you have a specific reason to do so.

For a summary of profiles, see the table below: 

DEGIRO account types
  Custody Basic Active Trader Day Trader
Trade: Shares, Bonds, Investment Funds, and Trackers (ETFs) Yes Yes Yes Yes Yes
Trade: 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
Trade 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

Some of the profiles may not be available in some countries. You can read more about DEGIRO profiles here.

At the time of our review, DEGIRO does not provide tax-free account options like DEGIRO ISA or others available in some European countries. Two exceptions to this are Sweden, where ISK accounts are available; and the Netherlands, where a pension account can be opened.

How to open your account

Account opening is fully digital. After the waiting list was removed, we tested the process again, and it took us 1 business day to open a new account.

For the initial registration you need:

  • a copy of your passport or ID card
  • the bank account number from which you will fund the investment account.

After the initial registration, there are three more steps to complete before your account is activated and ready for trading:

  1. Complete an appropriateness test. 
  2. Agree to the conditions for real-time prices.
  3. Transfer money to your investment account.

DEGIRO review - Account opening

DEGIRO review
Deposit and withdrawal

3.3
To find out more about the deposit and withdrawal process, visit DEGIRO

or
Compare to its best reviewed alternative: Comdirect
DEGIRO deposits and withdrawals are free of charge via bank transfer. On the other hand, you cannot deposit funds using a credit or debit card.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies

Account base currencies

At DEGIRO, you can choose from 9 base currencies. The available base currencies are CHF, DKK, GBP, NOK, SEK, EUR, CZK, PLN and HUF.

Base currencies at DEGIRO vs similar brokers
  DEGIRO Comdirect LYNX
Number of base currencies 9 12 9

At DEGIRO, as a general rule, the base currency of your account is the currency of your home country. This means, for example, that you will have a GBP account if you register at www.degiro.co.uk as a UK citizen. You cannot have more than one base currency for an account.

However, it is possible to open another DEGIRO account in a different currency if you have a bank account in your name in the country of that currency. For example, if you are a UK citizen, you can have an account in Swedish krona if you have a bank account in Sweden and you'd need to apply for a DEGIRO trading account on the local (Swedish) DEGIRO website and could use DEGIRO in Swedish language only.  A Swedish krona account at a UK bank wouldn't qualify.

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.

DEGIRO does not accept deposits from digital banks like Wise. Such transfers will be redirected back immediately, so to save on currency fees, you can't use a digital bank.

Deposit fees and options

You can easily fund your DEGIRO account via bank transfer. On the downside, the convenient and fast option of depositing via credit and 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 allowed at the moment.

Bank transfer deposits usually take 2-3 business days, while Trustly would take around 30 minutes.

DEGIRO charges no deposit fees.

DEGIRO deposit options
  DEGIRO Comdirect LYNX
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets Yes No No

DEGIRO has strict rules on bank transfer deposits. It only allows transfers from bank accounts in your name from the accepted countries.

Deposits via TransferWise, Revolut, Monese, Currencies Direct, Currency Cloud or PayPal are not allowed.

  • If you have paid €350 or more in transaction fees during a 60-day period, a limit of €100,000 will apply to you. This will be reviewed on a monthly basis.

DEGIRO review - Deposit and withdrawal - Deposit

DEGIRO withdrawal fees and options

DEGIRO charges no withdrawal fees.

You can withdraw only via bank transfer. E-wallets are available only for certain residents, like German or Spanish clients.

DEGIRO withdrawal fees and options
  DEGIRO Comdirect LYNX
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

DEGIRO ensures that the withdrawn amount is transferred to your bank account within 3 business days. We tested it and received the amount within one business day.

You can only withdraw money to accounts that are in your name.

How do you withdraw money from DEGIRO?

  • Click the 'Deposit/Withdraw Funds' button and select the 'Withdrawal' tab.
  • Select the appropriate DEGIRO account and bank account for the transaction.
  • Enter the amount and a description.
  • Click 'Transfer.'

DEGIRO review - Deposit and withdrawal - Deposit

Compare to other brokers

DEGIRO review
Web trading platform

4.0
To try the web trading platform yourself, visit DEGIRO

or
Compare to its best reviewed alternative: Comdirect
DEGIRO's web platform is very basic and easy to use, even for beginners. On the negative side, you cannot set price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
DEGIRO platforms to choose from
Trading platform Score Available
Web 4.0 stars Yes
Mobile 4.5 stars Yes
Desktop - No

DEGIRO's web platform is only available in your local language. For example, if you register from Germany, your platform language will be German.

Look and feel

DEGIRO's web trading platform is adequate for executing trades. It is well designed and user-friendly, but it lacks any customization options and tools for advanced traders.

DEGIRO review - Web trading platform

Login and security

You can choose between a one-step or a two-step login. The two-step option is available through Google Authenticator.

We recommend two-step login as it is more secure.

Search functions

The web platform's search functions are good.

When you type in the name of a product, a list of matching products will appear, categorized by asset class. You can also see the stock market and the currency the product is available in. 

You can even filter your search based on the asset class you're interested in (e.g. only ETFs).

DEGIRO review - Web trading platform - Search

Placing orders

We liked that you can see the fee for your transaction before executing it. You can choose from several order types, although not all of them are available for every tradable instrument. The following order types are available:

  • Limit
  • Market
  • Stop loss
  • Stop limit
  • Trailing Stop - this one only on German exchanges

If you are not familiar with the basic order types, read this overview.

You can also use two order terms:

  • Day
  • Good-till-cancelled (GTC)

DEGIRO review - Web trading platform - Order panel

Alerts and notifications

You can receive order confirmations by email, but text message notification is not available. There is no price alert function.

Portfolio and fee reports

DEGIRO's portfolio and fee reports are well organized. They are transparent, and you can easily see what products you own and the fees you paid for the transactions.

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DEGIRO review
Mobile trading platform

4.5
To try the mobile trading platform yourself, visit DEGIRO

or
Compare to its best reviewed alternative: Comdirect
DEGIRO's mobile app has a basic but good design and is pretty straightforward to use.
Pros Cons
User-friendly No price alerts
Two-step (safer) login
Touch/Face ID login

The mobile trading platform is available in the language of your account.

Look and feel

DEGIRO's mobile trading platform has a great and clear design and is fairly intuitive.

DEGIRO review - Mobile trading platform

Login and security

The DEGIRO mobile platform provides a safe login. You can set up two-step authentication through the web platform; then you need to download the Google Authenticator app on your mobile, which will generate a temporary passcode each time you want to log in.

DEGIRO can be set up for access through Touch and Face ID on mobile devices that support these features. Enter the login screen of the app and select the pictograph in the bottom left corner. You will have to provide your passcode to set up either Touch or Face ID.

Search functions

The mobile platform's search functions are good.

When you type in the name of a product, a list of matching products will appear, categorized by asset class. You can also see the stock market and the currency the product is available in. 

You can even filter your search based on the asset class you're interested in (e.g. only options).

DEGIRO review - Mobile trading platform - Search

Placing orders

Order management is the same as on the web platform.

DEGIRO review - Mobile trading platform - Order panel

Alerts and notifications

You can receive order confirmation messages in email, but price alerts are not available.

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DEGIRO review
Desktop trading platform

DEGIRO does not provide a desktop trading platform.

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DEGIRO review
Markets and products

3.6
To dig even deeper in markets and products, visit DEGIRO

or
Compare to its best reviewed alternative: Comdirect
At DEGIRO, you can access many markets and trade a lot of different products. CFD and forex are not available, though.
DEGIRO asset classes
  DEGIRO Comdirect LYNX
Stocks Yes Yes Yes
ETFs Yes Yes Yes
Forex No Yes Yes
Funds Yes Yes Yes
Bonds Yes Yes Yes
Options Yes Yes Yes
Futures Yes Yes Yes
CFDs No No Yes
Crypto No Yes Yes

DEGIRO has a good product portfolio, although forex and CFDs are not available. In terms of stocks, options and futures, DEGIRO is really competitive. The broker's fund and bond selection, however, is average.

Stocks and ETFs

DEGIRO's stock and ETF selection are smaller than LYNX's but similar to Comdirect's.

DEGIRO gives you access to 31 stock exchanges and more than 5,000 ETFs. The selection includes the biggest international markets, as well as several smaller European stock exchanges.

Unlike some brokers, at DEGIRO you can trade almost all listed companies, not just a select few. On the other hand, they do not offer access to American Pink Sheets or US over-the-counter (OTC) markets at the moment.

Short selling is restricted on certain products, such as U.S. securities and category D products.

DEGIRO stock and ETF selection
  DEGIRO Comdirect LYNX
Stock markets (#) 31 27 78
ETFs (#) 5,400 1,700 13,000

Funds

DEGIRO's selection of fund providers is narrow compared to LYNX. Among others, you can choose from mutual funds offered by big players such as BlackRock or Vanguard.

DEGIRO mutual fund selection
  DEGIRO Comdirect LYNX
Fund providers (#) 64 91 260

Bonds

DEGIRO has an OK lineup of corporate and government bonds, but it compares poorly to Comdirect or LYNX.

DEGIRO bond selection
  DEGIRO Comdirect LYNX
Bonds (#) 649 62,000 60,000

Options

You can trade on 12 options markets at DEGIRO. This is considered a competitive selection, though not the best on the market.

DEGIRO options selection
  DEGIRO Comdirect LYNX
Options markets (#) 12 5 33

Futures

DEGIRO's futures market coverage is also good, though it is still relatively narrow compared to LYNX.

DEGIRO futures selection
  DEGIRO Comdirect LYNX
Futures markets (#) 14 1 32

DEGIRO review
Research

2.1
To check the available research tools and assets, visit DEGIRO

or
Compare to its best reviewed alternative: Comdirect
DEGIRO provides limited research functions. The news feed and the charting tools are basic and you'll find some fundamental data on stocks too.
Pros Cons
Good interactive chart No trading ideas
Data on asset fundamentals Poor quality news flow

Trading ideas

DEGIRO does not provide trading ideas at the moment.

For equities, in the 'Analyst Views' tab, you can see how many buy/sell/hold recommendations the given stock currently has or had in the past. However, we missed the actual price targets. At some of DEGIRO competitors, such as LYNX, this function is available, showing you who gave the recommendation and what price target they have (e.g. Morgan Stanley, Sell, price target €10).

Fundamental data

DEGIRO provides fundamental data for stocks. When you select a stock, the key figures and ratios will appear under the chart. If you select the 'Financials' tab, you will be able to compare metrics reported on the relevant income statement, balance sheet and cash flow statement.

Charting

The charting tool is rather basic, but sufficient for an execution-only trading platform. It is easy to use and comes with more than 10 technical indicators.

DEGIRO review - Research - Charting

News feed

You can access a news panel with short news items on both the web and the mobile platforms. These are available on the main page of the trading platform, and also in the information sheet of products that have any news related to them.

Among DEGIRO's competitors, the news feature is implemented better on LYNX's TWS platform, where the news flow is compiled from a wider range of sources.

Compare research pros and cons

DEGIRO review
Customer service

3.8
To find customer service contact information details, visit DEGIRO

or
Compare to its best reviewed alternative: Comdirect
Customer support is average at DEGIRO. You can reach out to them in many languages, and phone support is great. On the other hand, there is no live chat and 24/7 availability.
Pros Cons
Phone support No live chat
Relevant answers No 24/7 support

Phone and email support are available, but there is no live chat service.

A big advantage is that you can contact customer service in your own language if you're from one of the 18 countries supported.

Overall, the quality of DEGIRO'S customer support was OK. The response time of phone support was fast and we got relevant answers. Email support is mediocre, as its average response time was around 2 days.

We missed 24/7 availability. DEGIRO's customer support is only available between 7 a.m. and 9 p.m. local time on weekdays.

DEGIRO review - Customer Service

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DEGIRO review
Education

2.5
To check the available education material and assets, visit DEGIRO

or
Compare to its best reviewed alternative: Comdirect
DEGIRO has OK educational tools about investing and how to use its platform.
Pros Cons
Trading platform tutorial DEGIRO doesn't have a demo account
Educational videos

At DEGIRO you can learn in the following ways:

  • Platform tutorial videos
  • General educational videos about investing
  • Blog

DEGIRO's Education materials can be found under the 'Knowledge' tab on their website. It has an 'Investor's Academy' consisting of 10 fundamental chapters to kickstart your investor journey with texts and videos. 

The 'Products' section introduces you to all the asset classes that are available at DEGIRO, while 'Strategies' will teach you how to use technical and fundamental analysis, how to trade options and much more.

They also have general videos that cover basic topics like asset classes, diversification and order terms.

Under the 'Investing with DEGIRO' menu, you'll find videos about the trading platforms; explaining, for example, how you can buy stocks via the DEGIRO web platform.

Additionally, DEGIRO also has a blog with quality articles about the markets every month.

However, we missed additional services that could boost DEGIRO's education sections, such as a demo account or webinars. We think having an option to open a demo account is the best way to test out how the platform operates. 

DEGIRO review - Education

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DEGIRO review
Safety

To find out more about safety and regulation, visit DEGIRO

or
Compare to its best reviewed alternative: Comdirect
DEGIRO is a licensed investment firm regulated by top-tier financial authorities, and now comes with a newly secured banking background.
Pros Cons
Banking background by joining flatex Bank AG None
Top-tier financial regulator

Is DEGIRO regulated?

Yes, flatexDEGIRO Bank Dutch Branch, trading under the name DEGIRO, is the Dutch branch of flatexDEGIRO Bank AG. 

As a German regulated bank, flatexDEGIRO Bank AG is primarily supervised by the German financial regulator, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Regulators of other countries where DEGIRO offers its services are also notified by DEGIRO 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).

DEGIRO B.V. merged with flatexDEGIRO Bank AG in early 2021, creating the biggest online execution-only broker in Europe with its own banking license.

Is DEGIRO safe?

To be certain, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected?

When you open an account with DEGIRO, you are eligible for investor protection for up to €20,000 in securities and additionally, up to €100,000 for any uninvested cash in your DEGIRO Cash Account

DEGIRO clients' assets are segregated in separate entities and thus protected against insolvency of DEGIRO. In the unlikely event that the segregated assets cannot be returned to clients, DEGIRO falls under the German Investor Compensation Scheme, which compensates any losses from non-returned assets up to 90% (with a maximum of €20,000). Furthermore, any money deposited on a DEGIRO Cash Account with flatexDEGIRO Bank AG will be guaranteed up to an amount of €100,000 under the German Deposit Guarantee Scheme. This is thanks to DEGIRO's banking background.

DEGIRO investor protection
Country of clients Protection amount Regulator Legal entity
All countries €20,000 for securities (+all cash held on the DEGIRO Cash Account up to €100,000)) Federal Financial Supervisory Authority (BaFin), Germany flatexDEGIRO Bank Dutch Branch

Negative balance protection is not available but we don't think this would be a concern as DEGIRO is not a CFD/Forex broker.

Your uninvested money will be held in a segregated personal bank account with a personal IBAN. This new Cash Account will be directly connected to your existing DEGIRO investment account. It is not possible to use this Cash Account for other banking matters. You can only use it to hold money so that it is readily available for investments on your DEGIRO account.

Background

DEGIRO was established in 2008. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. In 2013, DEGIRO launched its services for retail clients in the Netherlands. In December 2019, flatex (a German broker) announced to acquire DEGIRO, but keep the existing DEGIRO brand.

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DEGIRO review
Bottom line

Visit DEGIRO if you are looking for further details and information

or
Compare to its best reviewed alternative: Comdirect

DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.

Transaction costs are generally very low. In addition, the account opening process is fast.

On the other hand, as DEGIRO is an execution-only broker, research tools are limited. We should also mention that there is no forex trading, and most clients can only deposit and withdraw by bank transfer.

All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.

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DEGIRO review
FAQ

Below you can find links to all aspects of DEGIRO in this comprehensive collection.

We recommend DEGIRO for traders and investors looking for execution only.

Below you can find links to all aspects of DEGIRO in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our DEGIRO fees article.

What about the minimum deposit?

Our ultimate guide to the DEGIRO minimum deposit is updated regularly.

How to start your DEGIRO account?

Look no further than our evaluation of the DEGIRO account opening.

How's their trading app?

Here's our expert view after checking the DEGIRO trading app.

Is the quality of customer service satisfactory?

All you need to know about the DEGIRO customer service.

Legit or scam?

Is DEGIRO legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether DEGIRO is really free.

Is this broker good for beginners?

We checked it in Is DEGIRO good for beginners.

Should you buy your silver bullets on DEGIRO?

Research for silver bugs in the Silver buy on DEGIRO guide

I want to trade options, are they available at DEGIRO?

We explored the topic in Can you trade options on DEGIRO?

What is the minimum account balance at DEGIRO?

Check out the current account balance requirements at DEGIRO in our What is the minimum account balance at DEGIRO article.

Looking for commission and fees data for DEGIRO?

We collected them in DEGIRO commission and fees.

How do you withdraw money from DEGIRO?

We tested it and collected the options and costs in How to withdraw money on DEGIRO.

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Author of this review

András Iván

Author of this review

Andras has over 5 years of experience in investing and trading equities, options and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He's eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

András Iván

Broker Analyst

Andras has over 5 years of experience in investing and trading equities, options and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He's eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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