Degiro Review for 2019

Degiro Rated 3/5
Degiro have a low rating. We recommend you look at one of their alternative brokers.
Good alternatives to Degiro

Degiro Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Degiro we break down the pros and cons. What Degiro are able to offer, what countries Degiro are available in. Who Degiro are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open Degiro's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to Degiro

With this review we hope to help you see if Degiro is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Degiro that will help you get off to a good start in the world of online trading.

Degiro what you should know

Degiro offer three ways to trade: Forex trading, Spread Betting, Share Dealing.

With Degiro you will need a minimum deposit of $$20. You can sign up for a demo account to acquaint yourself with Degiro platform.

Degiro are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Degiro safe?

When choosing a broker like Degiro the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1934, and in operation for 85 years Degiro have a head office in Netherlands.

Degiro is regulated. This means Degiro are supervised by and is checked for conduct by the Unregulated regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Degiro, this will be honored. If Degiro violate any regulatory rules their regulated status could be stripped.

Any payments funded to Degiro accounts by traders are held in a segregated bank account.

For added security Degiro use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Degiro. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Degiro

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in 1934
  • Regulated by Unregulated
  • Min. deposit from $$20
  • unlimited demo account

What we don't like

Degiro General Fees

  • Degiro withdrawal fees varies on payment method
  • Degiro does charge inactivity fees

Degiro Commissions

  • Degiro does charge commission on CFD shares

What can you trade with Degiro?

You can trade a wide variety of instruments with Degiro over 84 instruments infact.

If you are looking at trading currency pairs Degiro offer over currency pairs.

Compare Degiro with Interactive Brokers and XTB below.

FX / Currencies degiro IB XTB
# of forex pairs offered 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs No Yes
Exotic forex pairs No Yes
Cryptocurrencies No No Yes
Commodity CFDs Degiro Interactive Brokers XTB
# of commodities offered 0
Metals No Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs Degiro Interactive Brokers XTB
# of Stocks offered 1500
UK Shares Yes Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
degiro's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on Degiro web platforms and other applications

Degiro offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

Degiro also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See degiro's platforms

Degiro Trading benefits :

  • Low min deposit

Degiro Trading Accounts offered:

  • Micro account
  • Standard account
  • Islamic account

Can I try Degiro before I buy?

Degiro offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do Degiro accept?

Degiro offer the below funding payment methods. learn more about Degiro

  • Bank Transfer

How can I start trading with Degiro?

When opening a trading account with Degiro, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Degiro trading platforms here.

Performing trades with Degiro

Degiro allow you to execute a minimum of trade of $4.95. This may vary depending on the account you open. Degiro allow you to execute a maxium trade of varies.

As a market maker, Degiro may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Degiro offer margin up to % on currencies.

Support at Degiro

Degiro support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

What you will need to open an account with Degiro

As Degiro is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Degiro's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Degiro you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.degirogroup.com on 12th August 2018.

DEGIRO Frequently Asked Questions

Can I try Degiro before I buy?

Degiro do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Degiro accept?

Degiro offer the below funding payment methods Bank Transfers, among other payment methods. Learn more here

How can I start trading with Degiro?

When opening a trading account with Degiro, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Degiro trading platforms here.

Is my money safe with Degiro?

Degiro is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like Degiro is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Degiro, this will be honored. If they violate any regulatory rules their regulated status can be stripped.