Degiro Review 2019

Degiro Rated 1/5
Degiro have a low rating. We recommend you look at one of their alternative brokers.
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Degiro Guide

Degiro are an online broker founded in 1934 offering Forex trading trading, Spread Betting trading, and Share Dealing trading.

Degiro are a global broker and have multiple offices around the world including a head office in Netherlands.

Degiro have a listed stock symbol. This means that Degiro have publically listed and you can officially buy shares in Degiro on one of the worlds global market exchanges.

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.

Benefits of trading with Degiro

  • Regulated by: Unregulated
  • Headquarters Country : Netherlands
  • Foundation year 1934
  • Min Deposit : 20
  • Used by over 10,000 traders
  • Degiro is not available in the following countries :
Open Degiro's Website

Your capital is at risk

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 Review Table of Contents

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

Your capital is at risk

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

Broker degiro XTB Pepperstone eToro
Year Established 1934 2002 2010 2006
Head Office Netherlands Poland Australia Cyprus, UK
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), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection Yes Yes No
Guaranteed Stop Loss Yes No No
Learn More Visit Degiro Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk 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.

Degiro Pros and Cons

What we like about Degiro

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

What we don't like about Degiro

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 Pepperstone eToro
Min Deposit 20 0 200 200
Withdrawl Fees varies varies No Yes
Inactivity Fees No Yes Yes
Deposit Fees No No No
CFD Commission Fees Yes Yes No

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 XTB and Pepperstone below.

Your capital is at risk

Broker degiro XTB Pepperstone eToro
Instruments Available 84 1,500 100 100
Platforms MetaTrader 4 MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit Degiro Visit XTB Visit Pepperstone Visit eToro
Forex pairs offered 50 70 50
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 Pepperstone Visit eToro
Commodities Offered 0 21 16 0
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs Visit Degiro Visit XTB Visit Pepperstone Visit eToro
Stocks Offered 1696 60 957
UK Shares Yes Yes No Yes
US Shares No Yes No Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes No Yes

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 :

  • 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

What funding and withdrawl methods do Degiro accept?

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

  • Bank Transfer
Broker degiro XTB Pepperstone eToro
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.

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

Broker degiro XTB Pepperstone eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email 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, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, German, Spanish, French, and Italian
Learn More Visit Degiro Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk 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.

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 Bottom Line

  • 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.

Etoro Risk Disclaimer

Your capital is at risk

Degiro not quite right?

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Related Degiro Comparisons

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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

Your capital is at risk

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.