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Online Brokers Last update: Jan 13, 2024

Discover the pros, cons and fees with this DEGIRO review

Transparency and ease of use

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  • Stocks & ETFs
  • Bonds
  • Access to markets
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Written by

Josep Garcia

Josep Garcia

Upskillwise Advisor

I'm Josep Garcia, originally from Barcelona. In 2016, I launched my own website, which required me to learn coding from scratch. Online learning platforms were a huge help. Nowadays, I specialize in personal finance content creation as an EFPA-certified financial advisor.

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Edited by

Catherine Cooke

Catherine Cooke

Upskillwise Advisor

I'm Catherine, originally from London, now living in Spain. My professional journey led me from being a certified teacher to a yoga instructor and then a freelancer designer. These changes were made possible by online learning platforms like Skillshare and Coursera. It wasn't always easy, but so worth it and inspired me to start Upskillwise.

Photo of Catherine Cooke is fully supported by its readers. If you register or buy a course using our links, we may receive a commission. This does not affect our ratings, methodology or partners. We don’t offer investment advice, our content is purely educational.

DEGIRO entered the broker market in 2013. But since then, it has managed to become one of the sector’s power, with over 2 million users and a presence in 18 European countries – if you are not based in one of these 18 European countries you’ll need an alternative broker.

Heads up! I’ve been a long-time user of DEGIRO and I’m also a certified EFPA (European Financial Advisor) with membership number #37363. So, I’m super excited to spill the beans on all the ins and outs of this platform in this review.

They claim to have a transparent platform with the best commissions in the market. It’s a broker registered and regulated in Germany and the Netherlands and supervised by public bodies such as the Bristish FCA (Financial Conduct Authority).

But of course, you may still be asking yourself; What securities do they offer?, Are their fees as low as they say they are?, Is their system easy to use? Will it adapt to your investor profile? And Will it work for you?

DEGIRO Review in Video

Let me demonstrate how DEGIRO works. I’ve created a video-review to showcase my DEGIRO account and explore the main features of this online broker. Additionally, I’ll share my personal insights on DEGIRO’s pros and cons after I tested this popuklar online broker.

DEGIRO Review Veredict

DEGIRO is a versatile broker as it has a wide range of instruments which you can trade in numerous markets. You can also trade with or without leverage, which is why I find it suitable for both beginners and professionals. However, it doesn’t have the lowest transaction fees.

But if you plan to trade forex or cryptocurrencies using CFD, DEGIRO is not the broker for you. It would be better to check out Plus500 or eToro – availability subject to regulation.

DEGIRO Pros & Cons


Ease of use

You can tell DEGIRO’s team has put significant effort to design an intuitive system. Even beginners will find their way around DEGIRO’s platform. Be aware that this doesn’t take away the risk.

Open an account online

You can open an account fully online in hours if you send them all the documents they ask for (e.g. ID and a copy of an invoice), and link your account instantly (e.g. by making a bank transfer from €/£0.01.

A choice of securities and markets

Using DEGIRO you can invest in stocks, ETFs, funds, options, bonds, futures of many European and Asian countries as well as the US, Canada and Australia.


It is an intuitive trading platform. It is easy to find the product you are looking for, and to navigate the different markets.


You can be confident that DEGIRO is not a financial scam because it is properly regulated by the Dutch Financial Supervisory Authority. It is also properly registered with the (British) Financial Conduct Authority.

Optional leverage

Choose to open an account that allows you to trade with leverage (by borrowing) or without leverage. I like this flexibility. Not all accounts allow leverage.


No investment in Forex, Derivatives or Crypto

You will not be able to invest in currencies or cryptocurrencies. At most, you can look for an instrument (e.g. ETF) that invests in these instruments. It is also not possible to invest in CFDs.

No demo account

Although it is possible to use their platform for free (no inactivity fee), you will not be able to use the account in a simulated way with fictitious money as they do not have a demo version. Check eToro, XTB or Plus500 if you’d like to have access to a demos account.

Connection market fees

For each market besides your home that you invest with, you’ll be charged €2.50 per year.

Delayed prices

The assets prices you find at DEGIRO’s broker are 15-min delayed. If you needed live prices, you’d need to pay an annual fee for these.

Fractional stocks

Aren’t offered by DEGIRO. Users looking to invest minimal amounts (e.g. 10 $/£/€) may need to look elsewhere.

Type of accounts with DEGIRO

DEGIRO offers several account types, let me clarify what each account offers and help you decide which one suits you best. You can choose between Custody, Basic, Active, Trader and Day Trader accounts.

Custody Basic Active Trader Day Trader
Securities lending (to other investors) No Yes Yes Yes Yes
Real-time commission-free pricing with Euronext No Yes Yes Yes Yes
Trade stocks ETFs, funds and bonds Yes Yes Yes Yes Yes
Leveraged products and warrants No Yes Yes Yes Yes
Derivatives such as options and futures No No Yes Yes Yes
Trade using your margin (leverage) No No Yes

50% of margin


100% of margin


100% of margin + extra

Short trading No No Yes Yes Yes

With the Custody profile your investments will not be lent to third parties. With this type of account some commissions are a little higher, and you will not be able to trade some assets like options and futures.

Note: Kindly note that it is not possible to switch from a Custody profile to a Basic profile (or higher). However, it is possible to upgrade from Basic to higher profiles such as Active, Trader and Day Trader.

If you don’t mind DEGIRO lending your securities to others, and you don’t need to trade with leverage, I would suggest you start by opening a Basic account – you can always upgrade your profile later on.

If you want to be able to borrow money from DEGIRO, trade with leverage and be able to trade futures, options and short trades, consider the Active, Trader and Day Trader profiles. Choose the one that best suits your leverage needs, as this is the only difference between these account types.


Apart from completing the registration properly, linking an account in your name and sending DEGIRO the necessary information to verify your identity and residence, there are not many other requirements.

degiro is available in 18 countries
Countries where DEGIRO is available

Just keep in mind that not all countries are accepted. But DEGIRO can be used in most European countries such as the United Kingdom, Spain, Poland, Germany, France or Italy. Sadly, it cannot be used in non-European countries such as the United States or Australia.

Opening an account

Opening an account with DEGIRO is straightforward. All you have to do is follow these steps:

  1. On their website, click on ‘Open an account.’
  2. Add your email address, pick a username and password.
  3. Verify your email account
  4. Fill in the requested information: personal details, address, place of birth, etc.
  5. Add the number of the bank account you want to link.
  6. Verify that your information is correct
  7. Upload a photo of your ID card or passport.

Once you have completed all of this information and uploaded the required documents, they will review your application and inform you of the next steps. You will usually be asked to make a transfer from your account (this can be as low as €/£0.01) to activate DEGIRO.

DEGIRO In Detail



Country and Regulation ?


DEGIRO is regulated by the German Federal Financial Supervisory Authority (BaFin). But it’s also authorised by the Financial Conduct Authority from the United Kingdom.

Besides the UK, customers from 17 other countries like Italy, the Netherlands, Spain, France or Germany will also be able to open a DEGIRO account. Sadly, DEGIRO is not, for now, available in other countries like the US, Australia or Canada.

Deposit Fees ?


DEGIRO will not require you to make a minimum deposit, and will not charge you fees for depositing funds. You can add money by bank transfer and (in some cases) e-wallets such as Sofort and Trustly. It would be nice to be able to add funds by credit or debit card, and PayPal.

Your account can be set up in various currencies such as GBP, EUR, CHF, DKK, etc., depending on where you open the account. The minimum deposit can be €/£0.1.

Demo Account ?

It is a pity that they do not have a demo account with which you can test the system and get started in the world of investments.


You can buy shares in more than 30 stock markets in Europe, North America, Asia and Oceania.

ETFs & Mutual Funds

You can access some 5,000 ETFs from the DEGIRO platform. Among others, ETFs from Vanguard, iShares, BlackRock, Amundi, Lyxor, etc. You can invest in around 200 ETFs without any commission (e.g. Amundi, iShares, Lyxor or Vanguard, conditions apply) once a month and for purchases of €1,000 or more.

DEGIRO also has around 500 investment funds that you can trade. You can find investment funds from entities like Amundi, BNP Paribas, BlackRock, Fidelity, HSBC or Vanguard.


DEGIRO allows for bond investments.


Using this online broker it’s possible to invest in serveral derivatives: e.g. futures, options. However, be aware that his is only avilable to some types of accounts (e.g. Active, Trader, and Day Trader profiles).


With DEGIRO you will not be able to invest in Forex.


It is not possible to trade cryptocurrencies on DEGIRO, although you may be able to find an ETF that invests in cryptocurrencies. Alternatively, you can take a look at Bitpanda.

Other Products

If you have an account (profile) other than Custody you can also trade options and futures.

Types of Orders ?


You will be able to trade by placing orders for both number of securities and amount of money. There are also trading options such as Limit, Market, Stoploss and Stoploss Limit.

Leverage ?

DEGIRO offers the option to invest by taking advantage of its leverage options (available in Active, Trader and Day Trader profiles), but this is optional.

Trading Fees ?

Fees vary depending on the type of account you have and the product you are trading, they could be lower.

The purchase of US shares will cost you €1 + €1 (handling fee). The UK shares cost a whooping £1.75 + £1 per order. There are some comission-free ETFs, but the rest will set you at €2 + €1 per trade.

Overnight Fees ?

Note that they charge a financing fee, so bear this in mind if you are going to borrow money.

Inactivity Fees ?

DEGIRO will not charge you inactivity fees, not all brokers can say the same.

Other Fees

They have a €/£2.5 annual fee for each market apart from your home one (e.g. you invest in Nasdaq stocks, but you are based in the UK) in which you trade. There is also a 0.25% foreign exchange fee if you trade in other currencies.

Available Platforms


DEGIRO has a very user-friendly interface, all you need is your computer and your browser. The system is intuitive, and you can easily navigate using the top menu. In addition to English, the application is also available in other languages such as German, Spanish, French and Italian. Without a desktop app to install on your computer, you will have to use the online version (with a browser).

The phone app is available for Android and iOS, users give it an average rating of 4.5 out of 5.

Charting ?


The charts with DEGIRO look quite outdated, but the options for customisation are decent, although other brokers offer a bit more.

You can add about twenty technical indicators (e.g. standard deviation) and compare the chart with various indices (S&P500 or NASDAQ). You can save the charts for later reference.

Research ?


You have a section with basic news that can affect your investments. It’s really nothing special.

It does come with an economic calendar (Plus5000 type) to keep you up to date with major financial events (e.g. dividend announcements, etc.).

Education and Guides


The truth is that DEGIRO doesn’t have many tutorials for you to watch and learn from, but the ones they do have are well done and informative. On their YouTube channel, they have a few videos around 3 or 4 minutes long.

And they have a large section with explanations (written and without images) about how their platform works, which should answer most of your doubts and questions.



You can receive confirmation notifications by email, as they don’t have a text message notification feature. Sadly, there are also no alerts about prices and volumes.

Support ?


From 8 a.m. to 10 p.m. you can call DEGIRO’s customer service, although they are not always quick to respond. It is best to contact them by email as they are more responsive.

Overall Rating ?


DEGIRO offers many assets to invest in, its platform is well-designed, and its fees are competitive. In addition, it is regulated by the German BaFin, and authorised by the British FCA, so you are guaranteed it is legit. It’s not a platform to trade CFDs.

DEGIRO Commissions in Detail

As I mentioned before, DEGIRO is transparent with their fees. However, they can’t claim to have the lowest cost when trading shares, ETFs or any other asset.

DEGIRO does not charge fees for: account inactivity, deposits or withdrawals, account opening or closing.

You will see many references to commissions in euros, although you may be trading in another currency, for example GBP. In this case, you will be charged an exchange fee by DEGIRO – the currency conversion fee.
degiro free etfs

In addition, you have a promotion of around 200 ETFs in which you can invest once a month for free (min. €/£1,000, conditions apply). This can be a suitable option for those who see investing as a method of saving, for example by adding money each month to a Vanguard or iShares ETF.

Below is a summary of the fees that DEGIRO charges for based on their different operations:

Instrument Commission
London Stock Exchange £1.75 + £1* per transaction
US stocks €1 + €1* per transaction
European stocks €3.90 + €1* per transaction
Australia, Hong Kong, Japan, Singapore stocks €5 + €1* per transaction
ETF €2 + €1* per transaction

About 200 free with conditions

Mutual Funds €3.90 + 0.20%*
Bonds € 2**


Spain, Germany, Nordic countries and the US

€0.75 per contract


Spain, Germany, Nordics and US

€0.75 per contract

* Handeling fee. ** The handeling fee needs to be added.

On the other hand, it is worth noting that you will be charged for the following:

Market connectivity: For each market besides your home one (e.g. German market if you live in the UK), you will be charged an annual fee of €2.5. If you operate in 3 or 4 markets this will not be a big problem, but keep in mind that if you are going to operate in many markets at the same time this can cost you a lot of money. However, it will never be more than 0.25% of the maximum value of your DEGIRO account.

Financing fees: If you will trade with leverage, similar to borrowing money from your broker, this has a daily cost (in interest) that the broker will pass on to you. This will depend on the amount you borrow and the currency. Rate from 1% to 2%.

Foreign exchange fees: Similarly, if you trade securities in currencies apart from your DEGIRO account currency (e.g. Swiss francs), you will be charged a 0.25% exchange rate fee.

With DEGIRO there are other non-standard service fees that you can request such as portfolio transfers, stock exchange changes, attendance at shareholder meetings, payments with Sofort and Trustly, etc.

DEGIRO generally charges very low commissions for the transactions you make, but for some countries (e.g. in Asia or Australia) their commissions are not so attractive. If you think you are going to invest in these markets, take a detailed look at their fees beforehand.

DEGIRO Markets & Products

DEGIRO is one of the brokers that gives you access to the largest number of assets; 50 markets from around 30 different countries. In addition, the variety of investment products are diverse and exciting, you can invest in the following:

  • Stocks
  • ETFs
  • Investment funds
  • Bonds
  • Foreign exchange
  • Futures
  • Options

I also want to let you know about the most popular assets they offer (stocks, ETFs, bonds and funds).

Shares with DEGIRO

degiro stock exchanges
DEGIRO stock exchanges

As outlined in the screenshot above, the DEGIRO makes it possible to invest in shares of many European and international stock exchanges. For example, you can find shares from the Madrid Stock Exchange, NASDAQ, NYSE, NYSE MKT, Australian Securities Exchange, Singapore Exchange, London Stock Exchange or European exchanges such as Euronext Paris, Xetra (Germany) or SIX Swiss Exchange.

In short, DEGIRO gives you access to company shares on 4 continents: (North) America, Europe, Asia and Oceania.

Among other stocks you can buy shares of: Apple, Tesla, HSBC, Amazon, BBVA, Alphabet, American Airlines Group, AstraZeneca, Shopify, Tesco, Siemens, Toyota, BNP Paribas and Pirelli.

ETFs available in DEGIRO

Undoubtedly, one of the most popular products among retail (and non-retail) investors are ETFs. They are similar to mutual funds, but are easier to buy and sell, and their trading fees are usually lower.

degiro available etfs
DEGIRO available etfs

The DEGIRO gives you access to thousands of ETFs from many markets (almost 4,700 ETFs). It is possible to invest in ETFs from exchanges such as Hong Kong, Singapore, Brussels, Paris, Madrid, German, Italian and Madrid and more. You will be able to find ETFs from fund managers such as Amundi, Vanguard, BBVA, iShares, Lyxor or HSBC.

DEGIRO allows you to make a monthly trade in a selection of around 200 ETFs without being charged fees for this, if you invest more than €1,000 or equivalent to the currency in which your account trades, conditions apply. If you are thinking of using ETFs to invest, you may find this interesting.

Investment funds in DEGIRO

But if you aren’t convinced by ETFs, it is also possible to buy and sell mutual fund shares. DEGIRO offers more than 400 investment funds from fund managers such as BlackRock, Amundi, Allianz, Vanguard, BNP Paribas, ING and JPMorgan.

Investing in bonds with DEGIRO

DEGIRO is one of the few brokers I have tried that allows you to invest in bonds, the truth is that there is not much variety of markets, but there are almost 700 different bonds between government and corporate debt.

DEGIRO available bonds
DEGIRO available bonds

At the time of writing this review you can find bonds from European markets such as the Amsterdam, Lisbon, Paris, Brussels and Frankfurt stock exchanges.

Other products with DEGIRO

Some account types will also allow you to trade derivatives (and more complex products) than stocks, ETFs, mutual funds and bonds.

  • Currencies: Some users (depending on your account) may be able to invest in currencies through Currenex.
  • Derivatives: With DEGIRO it is also possible to trade some derivatives, basically options and futures from derivatives markets such as Brussels, Amsterdam, Madrid, NYMEX or Eurex.
These financial instruments are assets that have a higher complexity and therefore carry a higher risk. Keep this in mind before you trade.

Is DEGIRO a Scam?

DEGIRO is a broker that is duly registered with the UK Financial Conduct Authority, so you can be rest assured that it is a serious entity and not a financial scam. Furthermore, this platform is supervised by the German BaFin.

degiro regulation
DEGIRO is regulated and supervised by the Dutch Dentral Bank and registered with the UK FCA

As both bodies (the FCA and the BaFin) belong to countries with serious financial supervision laws, you can be sure that DEGIRO is closely monitored by these bodies. In addition, it has to comply with numerous laws and respect your rights as an investor.

On the other hand, as an investment firm licensed by the Netherlands Authority for the Financial Markets, you will be entitled to compensation (up to €20,000) if something bad happens to DEGIRO and affects your investment – although it seems that you will not have this protection if you are trading from the UK, saying that I am not a lawyer 😉

Safety & DEGIRO

With DEGIRO your investments are in a separate legal entity. If DEGIRO should have problems with creditors, as your investments are in a separate entity, they cannot be claimed by (DEGIRO’s) creditors, although these rules are different in each country, and I reiterate, I am not a lawyer 😉

Please note that some DEGIRO profiles (all except Custody) allow DEGIRO to lend your securities, DEGIRO does this to facilitate short transactions for its clients. This means that in the hypothetical event that DEGIRO or the counterparties to the trades are unable to meet their obligations, you would lose the difference between the value of the assets lent and the collateral required by DEGIRO from the borrower. I am not aware that this has happened with DEGIRO, but if you are worried about it, please take a look at the Custody account.

2-step authentication

If you want the highest security for your account and need to add an extra layer of security, you can activate the 2-step authentication (see the video below).

2 step authentication with the degiro
2-step authentication

2-step authentication with DEGIRO

The idea is simple: before you can access the DEGIRO platform and once you have entered your username and password. You will be asked to confirm a code that will appear in your phone (via the Google Authenticator app).

So, even if someone guessed your username and password with DEGIRO, they would need access to your phone to “hack” your account and gain access. Personally, I use this system on all the platforms where it is available and am a big fan of it.

DEGIRO's Regulations & Licences

All investors should use a broker they trust in, at the end of the day it’s your money at stake. Having a look at what countries a brokers is regulated by, is an easy first check. Generally speaking, you want an investment platform that’s regulated (or registered) within your country or a nearby one you trust in. For instance, you are located in France and a broker is regulated by another EU country.

DEGIRO is regulated by several entities and has some protections for investors. More details follow:

  • DEGIRO is part of the German banking group flatexDEGIRO Bank AG, which ensures that the (not invested) cash you have with them is guaranteed by the German Investor Protection Scheme (up to €100,000).
  • DEGIRO’s group is supervised and regulated by Germany’s authorities (BaFin). Registration number 119766.
  • In addition, DEGIRO has a branch of its business that remains headquartered in the Netherlands, regulated by the Dutch Financial Authority AFM (#12048408).
  • DEGIRO keeps its assets (such as stocks or ETFs) separated from yours. If something were to happen to DEGIRO, on paper it should be possible for you to get your assets back as they are in an account under your name.
  • If there were any problems with the assets, and they could not be returned to you, there is a (German) compensation scheme of up to €20,000.
Of course, this is something very personal. For example, I may trust a certain country more than you would. However, we should all agree that a broker exclusively regulated by an entity in a tax haven such as Seychelles, Panama, or Fiji, should rise some red flags.

Manage Your Taxes with DEGIRO

Keep in mind that DEGIRO will not issue a tax report, but at the end of the year you will find a report with your account activity so that you can complete your tax return with the necessary information.

Each country has different legislation on how to pay tax on your investments, and sometimes you may have to report investments held in your name as well. If you do have any doubts about this, it’s best to consult a tax advisor.

Bear in mind that the DEGIRO does not withhold any tax, when you are filing out your tax return.

Please note: The above tax information is for guidance only and as I am not a tax advisor, this is just a guide and an insight into my personal experience. If you do need further information on this I would advise you to consult an accountant or tax expert.

DEGIRO Alternatives


Social investing made easy



Best for Stocks & ETFs for Free



Trade CFDs and nothing more


To reiterate, DEGIRO is a solid broker that integrates dozens of markets and will give you access to hundreds (if not thousands) of products such as stocks, ETFs and mutual funds.

But you may still want to invest in derivatives?

Well, DEGIRO it’s not the right option as you won’t be able to trade CFDs, which is probably the most popular asset among traders. So with that in mind I have suggested some alternatives which may interest you:


xtb is an alternative to degiro
XTB is an alternative to DEGIRO

We will start things of with XTB who give you access to many derivative products (mainly CFDs) to trade. Their interface is well-designed and their spreads (commissions) are very competitive. In some European countries (such as Spain, France or Germany) it is possible to buy real shares and ETFs as well as derivative products, sadly this is not the case in the UK.


etoro is an alternative to degiro
eToro is an alternative to DEGIRO

Then we have eToro, the main difference between eToro and other brokers is that they allow you to ‘copy’ other users, so eToro will replicate all the trades they make for you without you having to do anything. I should note here, to be careful who you follow and do some research beforehand. As usually, they invest in high-risk assets such as CFDs. With eToro it is possible to invest with or without leverage, and in both derivatives and real products (stocks and ETFs): US investors do not have access to buying real assets. Spreads are somewhat higher than with other platforms.


plus500 is an alternative to degiro if you'd like
Plus500 is an alternative to DEGIRO

Lastly we have Plus500 who are one of the most widely used CFD brokers in Europe. This Israeli company is listed on the London Stock Exchange and is regulated by the Financial Conduct Authority in the UK and CySEC in Cyprus.

Last thoughts and opinions on DEGIRO

Admittedly, DEGIRO offers access to a wide variety of instruments, markets and exchanges that you can trade. A couple of things you may miss out on is cryptocurrencies and forex trading, as these are not available with this broker.

degiro available products and assets
DEGIRO available products

I want to point out here some of my personal highlights of the DEGIRO, it has a straightforward platform, but do bear in mind that their fees aren’t the lowest. Another perk for me is that the registration process is simple. What has to be the absolute highlight is that the DEGIRO is a regulated broker that is properly registered and supervised in Europe and the UK.

They have a news feed, but it is rather basic, I wouldn’t mind them putting a bit more effort here. The assets price that you see on its broker are 15-min delayed, more updated data comes at an extra cost.

Remember that you can create an account completely free of charge to try out DEGIRO for yourself.


DEGIRO is an online broker founded in The Netherlands in 2013, later on, it was merged with Flatex – one of the largest brokers in Germany. DEGIRO’s platform is available for investors within the EU (plus UK and Switzerland).

This online broker enables its users to trade stocks, ETF, bonds, investments funds and a couple of other financial products like options and futures. DEGIRO offers a rounded platform, easy to use but also packed with features, allowing investors to trade in many markets. DEGIRO, however, it’s not the best match for traders.

DEGIRO is a broker originally founded in the Netherlands in 2008, expanding its brokerage services to other European countries. German broker Flatex AG acquired 100% of DEGIRO’s shares in 2019.

DEGIRO is a European broker, since it’s located in Amsterdam and owned by a German company (Flatex AG). DEGIRO was founded in 2008 in The Netherlands, and it still has its headquarters in Amsterdam. But in 2019, DEGIRO was acquired by a German company, so I guess it has a German influence.

DEGIRO is a reliable and well-established company, regulated and registered with several regulatory agencies such as BaFin (Germany) and DNB (Netherlands) for the operations carried out by the Dutch subsidiary. It has millions of clients and has been operating for many years. That being said, whether DEGIRO is trustworthy or not, is something you will have to decide for yourself, as this is a personal decision and it is your money at risk not mine 🙂

It is possible to contact DEGIRO by telephone, from 8 AM to 10 PM (UK time). In addition, it is also possible to contact DEGIRO by email at for questions in English. Unfortunately, they don’t have a live chat feature.

DEGIRO operates in several European countries: Czech Republic, Denmark, Germany, Greece, France, Switzerland, Spain, Ireland, Italy, Netherlands, Norway, Austria, Poland, Portugal, Finland, Sweden, Hungary and the United Kingdom.

Unfortunately, if you operate from Latin America, the United States or any other country you will not be able to open an account with DEGIRO.

To close an account with DEGIRO all you need to do is send an email to DEGIRO customer services, and then once the account is closed they will transfer the remaining funds to your bank account.

When you buy stocks or ETFs with DEGIRO, the broker assigns you the ownerships of those. In fact, DEGIRO has separate accounts for holding its own assets and its clients’; thus if DEGIRO goes bankrupt, you will still have your investments under your name.

Please be aware that DEGIRO has different account types, if you don’t pick the Custody one, you allow them to rent your stocks (and other assets you purchase with them) to other investors, in exchange you’ll be offered reduced fees from DEGIRO.

Sure, with DEGIRO you can trade over 10,000 securities using Tradegate Exchange (TDG) between 8 am and 10 pm. Please be aware, that these trades have higher fees – 3,90 € per transaction.

Sure you can, with DEGIRO it’s possible to trade on leverage. However, not all the accounts allow this. You will need to have an Active or Trade account to be able to use leverage when trading with DEGIRO.

Keep in mind that the Trade account is the one that offers more margin when trading with leverage.

DEGIRO will allow you to negotiate using the following order types:

  • Market order: Your order will be executed at the (best available) current price. If you happen to carry out your order at a time with high volatility, there could be significant differences in prices.
  • Limit: Besides adding the number of shares (or other assets) to buy, you will also have to set a maximum price (called limit) you are willing to accept. If the asset’s price matches this (limit) price, the order will be executed at the next available price.

Order types with DEGIRO

Additionally, you have also a couple of options to automate your trades by adding:

  • Stop loss: You will add a price at which DEGIRO will sell your positions – as the name says, this is a great way to ‘stop losses’. Imagine Company A stocks’ have a current price of $100, if you add a $90 stop loss, DEGIRO will automatically sell your Company A shares if their price gets to $90.
  • Stop limit: In this case, besides adding the ‘stop loss’ price at which you’d like DEGIRO to sell your shares, you will also add a minimum sell price you’d like to get for them.

Be aware that these orders can be set up to have a duration of 1 day (e.g. the same day you add them and then they expire), or unlimited (good until you cancel).

Technically, it’s possible to trade derivatives with DEGIRO. Please note that derivatives are not available on all profiles, you may have to request to DEGIRO to enable this option. That said, many investors use CFDs to engage in trading, DEGIRO doesn’t allow CFD trading – only options and futures at your disposal.

Please, please please, consider the higher risks of trading derivatives like CFD, options or futures. If you aren’t 100% sure of what you are doing, maybe reconsider your investing strategy.