Degiro Review 2020

Degiro Rated 1/5
learn more Learn more about IC Markets. Losses can exceed deposits
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Degiro Guide - Read our In Depth Degiro Review

This Degiro review was written by industry experts with over 20 years of financial experience in Share Dealing, Investment Fund trading, ETF Trading, Futures Trading, Leveraged Products, Bonds, Options, Warrants.

Degiro are an online broker founded in 1934 offering Share Dealing trading, Investment Fund trading trading, ETF Trading trading, Futures Trading trading, Leveraged Products trading, Bonds trading, Options trading, and Warrants trading.

Degiro are a global broker and have a head office in Netherlands.

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 breakdown 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

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 Degiro 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 review
What you should know

Degiro offer ways to trade: Share Dealing, Investment Fund trading, ETF Trading, Futures Trading, Leveraged Products, Bonds, Options, Warrants.

With Degiro you will need a minimum deposit of $0. 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.


Degiro review
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 Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB) 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.

How Degiro as a Company Compare Against Other Brokers

Broker degiro IC Markets XTB City Index
Year Established 1934 2007 2002 1983
Head Office Netherlands Australia Poland UK
Regulation Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) 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), Monetary Authority of Singapore (MAS)
Used By 600,000+ 60,000+ 200,000+ 14,000+
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No Yes
Learn More Visit Degiro Visit IC Markets Visit XTB Visit City Index
Risk Warning Your capital is at risk Losses can exceed deposits 79% 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. 74% of retail investor accounts lose money when trading CFDs with this provider

Degiro review
Degiro Pros and Cons

What we like about Degiro

  • Used by over 600,000 traders
  • Established in 1934
  • Regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)
  • Min. deposit from $0

What we don't like about Degiro

Degiro review
Degiro Regulation and Licensing in more detail

We have checked and Degiro is regulated and supervised by reputable organisations. You are able to check every Degiro supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Degiro. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Degiro traders and provide a safe trading environment.

Degiro is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Degiro you should be sure they're legitimate online agent.

Degiro review
Degiro Fees Explained

  • Degiro withdrawal fees varies on payment method
  • Degiro does not charge a fee for inactive accounts.
  • Degiro doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Degiro Fees Compare Against Other Brokers

Broker degiro IC Markets XTB City Index
Min Deposit 0 200 0 25
Withdrawal Fees varies No varies Varies
Inactivity Fees No No No Yes
Deposit Fees No Varies No Varies
CFD Commission Fees Yes Yes 0.0015

Degiro review
Degiro Minimum Deposit

Degiro do not require a minimum desposit when opening a Degiro trading account.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Degiro review
Degiro Withdrawal Fees

Degiro withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Degiro for example allow you to withdraw your funds to and a bank account via a wire transfer.

Degiro review
Degiro Inactivity Fees

Degiro does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Degiro review
Degiro Desposit Fees

Degiro does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Degiro review
Degiro Commission Fees

Degiro does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Degiro review
What can you trade with Degiro?

Be aware that Different entities under Degiro Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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 0 currency pairs.

Compare Degiro with IC Markets and XTB below.

Your capital is at risk

How Degiro Trading Options Compare Against Other Brokers

Broker degiro IC Markets XTB City Index
Instruments Available 84 232 1,500 12,500
Platforms MetaTrader 4 MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 0 65 50 100
Major Forex pairs No Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 19 21 26
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 100 1696 4500
UK Shares Yes No Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit Degiro
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit XTB
79% 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.
Visit City Index
74% of retail investor accounts lose money when trading CFDs with this provider

Degiro review
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

Your capital is at risk

Degiro withdrawal and funding methods.

Please note that the list of payment methods below depend on the Degiro Entity and the Clients Country of Residence.

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

  • Bank Transfer
Broker degiro IC Markets XTB City Index
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes No
Payoneer No No Yes Yes
Neteller No Yes Yes No

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.

Your capital is at risk

Performing trades with Degiro

Degiro allow you to execute a minimum of trade of 0. 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 instruments.

Education resources at Degiro

To trade effectively with Degiro, it's important to get a have a good understanding of the Degiro 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 IC Markets XTB City Index
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, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, German, Arabic, Polish, and Chinese
Learn More Visit Degiro Visit IC Markets Visit XTB Visit City Index
Risk Warning Your capital is at risk Losses can exceed deposits 79% 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. 74% of retail investor accounts lose money when trading CFDs with this provider

What you will need to open an account with Degiro

As Degiro is regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB), 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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Degiro Brand may be different.

  • 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 3 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 the Degiro trading platform 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 review
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 Share Dealing, Investment Fund trading, ETF Trading, Futures Trading, Leveraged Products, Bonds, Options, Warrants.
  • Degiro has a history of over 86 years.
  • Degiro has a reasonable sized customer support of at least 10.
  • Degiro are regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB). 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 review
Degiro not quite right?

If after reading this Degiro review, Degiro does not fulfill your needs check out these Degiro Alternatives.

Click here to view the best 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.

Degiro review
Related Degiro Vs Comparisons

We have covered allot in this Degiro review, If you want to see how Degiro compares side by side with other brokers check out our Degiro Vs pages.

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 our indepth Degiro VS pages below.

Degiro review
DEGIRO Frequently Asked Questions

Can I try Degiro before I buy?

Degiro offer a demo account so you can try the Degiro platform before you put down a payment. Learn more here

What funding methods do Degiro accept?

Please note that the list of payment methods below depend on the Degiro Entity and the Clients Country of Residence.

Degiro offer the following funding payment methods Bank Transfers, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is Degiro safe?

Degiro are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB). 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?

Degiro is considered good and reputable to trade with. DegiroDegiro is used by over Degiro active traders. Degiro offers Share Dealing trading, Investment Fund trading trading, ETF Trading trading, Futures Trading trading, Leveraged Products trading, Bonds trading, Options trading, and Warrants trading. Minimum deposit with Degiro is 0.

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 Share Dealing trading, Investment Fund trading trading, ETF Trading trading, Futures Trading trading, Leveraged Products trading, Bonds trading, Options trading, and Warrants trading. All funds deposited to Degiro are held in segregated tier 1 bank accounts for security. Degiro is regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB) so can be considered legit.

Is Degiro a good broker?

Degiro is overseen by the top tier financial regulators Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB) so can be considered a good broker. Degiro allows Share Dealing trading, Investment Fund trading trading, ETF Trading trading, Futures Trading trading, Leveraged Products trading, Bonds trading, Options trading, and Warrants trading.

Is Degiro trustworthy broker?

Degiro can be considered trustworthy. All money funded to Degiro is placed into a segregated tier 1 bank account. this means your money in not held by Degiro directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Degiro is regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB).

What is the minimum deposit for Degiro?

The minimum deposit to trade with Degiro is 0.

How long do Degiro withdrawals take?

Withdrawing money from Degiro processing time varies but averages 2-5 days.

Is Degiro regulated?

Degiro is regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB).

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 Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB). 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?

Degiro is regulated and well established having been in business for over 86 years. Degiro is definitely not a con.

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 doesn't charge inactivity fees. Degiro doesn't charge deposit fees.

When was Degiro founded?

Degiro was founded in 1934.

How many people use Degiro?

Degiro is used by over 600000 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. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

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 600000 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

We hope you found our review of the Degiro brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Degiro review written by Mark Hansen of Comparebrokers.co