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 86 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.
| Broker |
degiro
|
XTB
|
eToro
|
Pepperstone
|
| Year Established | 1934 | 2002 | 2006 | 2010 |
| Head Office | Netherlands | Poland | Cyprus, UK | Australia |
| Regulation | Unregulated | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Used By | 10,000+ | 250,000+ | 10,000+ | 10,000+ |
| Negative balance protection | Yes | No | Yes | |
| Guaranteed Stop Loss | Yes | No | No | |
| Learn More | Visit Degiro | Visit XTB | Visit eToro | Visit Pepperstone |
| Risk Warning | Your capital is at risk | Your capital is at risk | 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money |
Degiro Pros and Cons
Degiro Financial Regulation and Supervision in more detail
Degiro are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like Degiro that are not regulated yet appear to be legitimate.
Degiro maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with Degiro you are not guarenteed help in a difficult situation.
- Unregulated
Degiro General Fees
- Degiro withdrawal fees varies on payment method
- Degiro does charge inactivity fees
- Degiro does charge deposit fees
| Broker |
degiro
|
XTB
|
eToro
|
Pepperstone
|
| Min Deposit | 20 | 0 | 200 | 200 |
| Withdrawl Fees | varies | varies | Yes | No |
| Inactivity Fees | No | Yes | Yes | |
| Deposit Fees | No | No | No | |
| CFD Commission Fees | Yes | No | Yes |
Degiro Commissions
- Degiro does charge commission on CFD instruments.
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 XTB and eToro below.
| Broker |
degiro
|
XTB
|
eToro
|
Pepperstone
|
| Instruments Available | 84 | 1,500 | 100 | 100 |
| Platforms | MetaTrader 4 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
| FX / Currencies | Visit Degiro | Visit XTB | Visit eToro | Visit Pepperstone |
| Forex pairs offered | 50 | 50 | 70 | |
| Major forex pairs | Yes | Yes | Yes | Yes |
| Minor forex pairs | No | Yes | Yes | Yes |
| Exotic forex pairs | No | Yes | Yes | Yes |
| Cryptocurrencies | No | Yes | Yes | Yes |
| Commodity CFDs | Visit Degiro | Visit XTB | Visit eToro | Visit Pepperstone |
| Commodities Offered | 0 | 21 | 0 | 16 |
| Metals | No | Yes | Yes | Yes |
| Energies | No | Yes | Yes | Yes |
| Agricultural | No | Yes | Yes | No |
| Indiced & Stock CFDs | Visit Degiro | Visit XTB | Visit eToro | Visit Pepperstone |
| Stocks Offered | 1696 | 957 | 60 | |
| UK Shares | Yes | Yes | Yes | No |
| US Shares | No | Yes | Yes | No |
| German Shares | No | Yes | Yes | Yes |
| Japanese Shares | No | Yes | Yes | No |
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 platformsDegiro Trading benefits :
- Low min deposit
Degiro Trading Accounts Offered :
- Demo account
- 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
Degiro withdrawl and funding methods.
Degiro offer the below funding payment methods. learn more about Degiro
- Bank Transfer
| Broker |
degiro
|
XTB
|
eToro
|
Pepperstone
|
| Bank transfer | Yes | Yes | Yes | Yes |
| Credit Cards | No | Yes | Yes | Yes |
| Paypal | No | Yes | Yes | Yes |
| Skrill | No | Yes | Yes | Yes |
| Payoneer | No | Yes | Yes | Yes |
| Neteller | No | Yes | Yes | Yes |
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.
Education resources at Degiro
To trade effectively with Degiro, it's important to get a have a good understanding of the XTB trading tools and the markets.
Degiro offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.
Having an analytical approach may be a good way to approach trading with Degiro.
Take time to look around the Degiro platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.
Customer 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
Degiro have a B grade support rating because sometimes the reposonse was slow or our query wasnt answered. Degiro offer email support and supports a limited amount of Languages. Phone support supports a limited amount of Languages.
Livechat Support at Degiro
Degiro does not offer LiveChat Support.
Email Support at Degiro
We sent several emails to Degiro and answer times overall were excellent. The fastest response from Degiro was less than 40 minutes and the slowest response was 2 days. Support response times may vary for you with Degiro, but this was our experience sending 10 emails at varying times.
The team resolved and answered our queries. Overall average email support from Degiro.
Phone Support at Degiro
We called Degiro and the call was answered very quickly. The call was answered in less than 5-10 minutes.
The Degiro phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Degiro team by calling in varying languages. Degiro made an effort to make sure our queries were answered.
Overall the phone support from Degiro was average.
See how Degiro Support Compares Against Other Brokers
| Broker |
degiro
|
XTB
|
eToro
|
Pepperstone
|
| Support |
|
|
|
|
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, German, Spanish, French, and Italian | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |
| Learn More | Visit Degiro | Visit XTB | Visit eToro | Visit Pepperstone |
| Risk Warning | Your capital is at risk | Your capital is at risk | 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money |
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.
Is Degiro A Good Broker?
We spent over 3 months examining Degiro in depth. Although we found some very useful aspects of the Degiro platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Degiro broker.
- Degiro have a good track record of offering Forex trading, Spread Betting, Share Dealing.
- Degiro has a history of over 11 years.
- Degiro has a reasonable sized client support call center of at least 10.
- Degiro are regulated by Unregulated. This means Degiro fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Degiro have regulation from a Tier 1 reputable country.
- Degiro has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Degiro have an international presence in multiple countries. This includes local Degiro seminars and training.
- Degiro are able to hire people from various locations in the world who can better communicate in your local language.
Degiro Risk Disclaimer
Your capital is at risk
Degiro not quite right?
Check out these Degiro Alternatives
We have spent years researching the best alternatives to Degiro. Click the links below to learn more.
If you feel some of the above Degiro are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Degiro alternatives below.
- XTB Review
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Related Degiro Comparisons
If you would like to see how Degiro stands up against other brokers you can read some of our Degiro comparisons below. We compare side by side some of our top rated Degiro versus comparisons. Read some indepth Degiro VS pages below.
- Degiro vs XTB
- Degiro vs eToro
- Degiro vs Pepperstone
- Degiro vs Plus500
- Degiro vs FXPrimus
- Degiro vs ICMarkets
- Degiro vs AdmiralMarkets
- Degiro vs FPMarkets
- Degiro vs FXPro
- Degiro vs Trading212
- Degiro vs AvaTrade
- Degiro vs CityIndex
- Degiro vs EasyMarkets
- Degiro vs Forex.com
- Degiro vs XM
- Degiro vs Axitrader
- Degiro vs HYCM
- Degiro vs ThinkMarkets
- Degiro vs PaxForex
- Degiro vs SpreadEx
- Degiro vs Swissquote
- Degiro vs Markets.com
- Degiro vs ForexMart
- Degiro vs ForTrade
- Degiro vs OctaFX
- Degiro vs NordFX
- Degiro vs Eightcap
- Degiro vs Roboforex
DEGIRO Frequently Asked Questions
Can I try Degiro before I buy?
Degiro offer a demo account so you can try before you put down and payment. Learn more here
What funding methods do Degiro accept?
Degiro offer the following funding payment methods Bank Transfers, Wire Transfer, among other payment methods.
Learn more here
Is Degiro safe?
While Degiro may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.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.
Is Degiro trading good?
While Degiro may not necessarily be considered bad, they are not regulated. We would recommend trading with only regulated brokers.Degiro is used by over Degiro active traders. Degiro offers Forex trading trading, Spread Betting trading, and Share Dealing trading. Minimum deposit with Degiro is mindeposit.
Is Degiro trading Legit?
Degiro was founded in Netherlands in 1934. Degiro has been facilitating trade on the financial markets for over 86 years. Degiro offers clients Forex trading trading, Spread Betting trading, and Share Dealing trading. All funds deposited to Degiro are held in segregated tier 1 bank accounts for security. Degiro is not regulated. Although this doesnt mean Degiro are awful, we recommend trading with regulated brokers.
Is Degiro a good broker?
Degiro is not regulated by a top tier financial regulator. While many traders may still find trading with Degiro useful, we recommend only trading with a broker that has regulation.Degiro allows Forex trading trading, Spread Betting trading, and Share Dealing trading.
Is Degiro trustworthy broker?
While having many plus points because Degiro is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.
What is the minimum deposit for Degiro?
The minimum deposit to trade with Degiro is 20.
How long do Degiro withdrawals take?
Withdrawing money from Degiro processing time varies but averages 2-5 days.
Is Degiro regulated?
Degiro is not regulated by a top tier financial regulator.
Is Degiro a market maker?
Degiro is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.
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.
Is Degiro a con?
While we would noy say that Degiro is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.
Can you make money with Degiro?
Although traders have had great success with Degiro. Trading on the financial markets with Degiro is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does Degiro have fees?
Degiro withdrawal fees varies on payment method. Degiro does charge inactivity fees. Degiro does charge deposit fees.
When was Degiro founded?
Degiro was founded in 1934.
How many people use Degiro?
Degiro is used by over 10000 registered traders.
What is Degiro Headquarters country?
Degiro has its head quarters office in Netherlands.
Does Degiro offer negative balance protection?
Degiro does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.
Does Degiro offer guaranteed stop loss?
Degiro does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.
Does Degiro allow scalping?
Degiro does not offer scalping.
Does Degiro allow hedging?
Degiro does not offer hedging.
Does Degiro offer CFD trading?
Degiro does not offer CFD trading.
Does Degiro offer STP?
Degiro does not offer STP trading.
How many people use Degiro?
Degiro is used by over 10000 traders.
Is Degiro an ECN broker?
Degiro does not offer ECN trading.
Does Degiro offer a demo account?
Degiro offers a demo account.
Does Degiro offer an Islamic account?
Degiro offers a Islamic accounts.
What are the funding methods for Degiro?
Degiro accept the following funding methods : Bank Transfer.
Degiro review written by Andrew Blumer and Mark Hansen
