DEGIRO Logo
Written by:
Fact checked by:
Updated:
Dec 2022
Recommended for
  • beginners 4.1/5
  • equity trading 4.9/5
Trusted broker
  • Top-tier regulation
  • Compensation in case of broker bankruptcy (terms apply)
Popularity
19,195 people chose this broker in the last 6 months

Our take on DEGIRO

If you’re looking for safe, easy, cheap and no-frills stock trading on the biggest global markets, DEGIRO may just be the perfect choice for you. It offers inexpensive stock trading on many US and European exchanges, and there are very few extra fees. Its wide ETF selection makes it a great choice for long-term investors. Opening an account is a breeze (no minimum deposit!), and despite a thin research section, DEGIRO’s basic but easy-to-use trading platforms are suitable even for those with little trading experience. Simply put, DEGIRO is among the very best stockbrokers out there.

BrokerChooser score
4.9 /5
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DEGIRO is not available in United States
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Stock fee
Low
Fractional shares
No
Minimum deposit
$0
Inactivity fee
$0
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
Expert opinion
“DEGIRO is one of the best and cheapest brokers for stock trading. I found it quite easy to open an account, and there’s no need to make an initial deposit. DEGIRO’s user interface is well designed and user-friendly, which is why I usually recommend it to my friends when they start investing into equities. I really liked that you can view the exact costs of a trade before you place an order - so no nasty surprises at the end of the month! Plus, there’s no inactivity fee, so no need to worry if you trade only once or twice a year.”
Gergely Korpos
Co-founder / CPO

DEGIRO main 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
👛 With electronic wallet Not available
💱 Number of base currencies 7
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Fund, Bond, Options, Futures

DEGIRO summary

To read much more details about the broker's services and features, expand on the sections below.

DEGIRO review
Fees

Score: 4.5/5
+
DEGIRO has low trading fees for all asset classes. Non-trading fees are also low, as there are no inactivity or withdrawal fees. On the negative side, trading US options or futures will come with a €5 monthly fee. If you need currency conversion, a 0.25% fee will apply.
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DEGIRO review
Account opening

Score: 5/5
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The account opening process at DEGIRO is fast, fully digital, and no minimum deposit is required.
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DEGIRO review
Deposit and withdrawal

Score: 3/5
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DEGIRO deposits and withdrawals are free of charge via bank transfer. A big drawback though is that you can't deposit funds using a credit or debit card.
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DEGIRO review
Web trading platform

Score: 4/5
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DEGIRO's web platform is very basic and easy to use, even for beginners. On the negative side, you can't set price alerts.
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DEGIRO review
Mobile trading platform

Score: 4.5/5
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DEGIRO's mobile app has a basic but good design and is pretty straightforward to use.
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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

Score: 3.8/5
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At DEGIRO, you can access many markets and trade a lot of different products. CFDs and forex are not available, though.
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DEGIRO review
Research

Score: 2.5/5
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DEGIRO provides only limited research functions. These include a basic news feed, OK charting tools and some fundamental data on stocks, though no trading ideas.
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DEGIRO review
Customer service

Score: 4.4/5
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Customer support is of mixed quality at DEGIRO. You can reach customer service in many languages, and phone support is great. However, there's no live chat or 24/7 availability.
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DEGIRO review
Education

Score: 3/5
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DEGIRO has OK educational tools about investing and on how to use its platform, though we missed a demo account.
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DEGIRO review
Safety

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DEGIRO is a licensed investment firm regulated by top-tier financial authorities, and now comes with a newly secured banking background.
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DEGIRO review
Bottom line

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, its research tools are limited. We should also mention that it offers 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

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Author of this review

Adam Nasli

Author of this review

Adam is a motivated finance expert. He joined BrokerChooser in 2018 and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

Adam Nasli

Analyst Head

Adam is a motivated finance expert. He joined BrokerChooser in 2018 and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

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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