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Degiro Review: Learn More About This Broker

Overview of Regulated Degiro

A broker present in the markets since 2013 can’t be a bad sign. If you add to that trusted regulations and multi-protection features, it’s a winning one. Not to mention that after a merger with a huge German corporation broker was listed on the stock exchange.

Even though there are some minor flaws, it’s still one of the best of a kind on the continent. We will go through all the important details in this unbiased Degiro review.

Who Is Degiro Broker?

Degiro AG is the official owner of this trading brand with its first registration in the Netherlands. That was a long time ago in 2013. Since then, the broker earned multiple awards worldwide. The cherry on top is their listing on the stock exchange after a merger with flatexDegiro AG.

An interesting fact is that recently the broker became a brokerage partner of the Police union in Germany. Important to realize is that the company spread across more than 20 countries worldwide.

Degiro
Legal name: Degiro AG
Regulation: Regulated
Registered in: Netherlands
Established: 2013
Website: Degiro.com, degiro.nl, degiro.co.uk
Financial Authorities Warnings: N/A
Contacts: Phone: (+31) 20 535 34 96

E-mail: [email protected]

If a withdrawal is possible: Yes
Fees: Up to 1EUR handling fee (US market), up to 2,75GBP (UK market)

0,25% currency handling fee

Financing fee

2.5 EUR/GBP annual fee for foreign market access

If Active on Social Media: Yes – Twitter, Facebook, Instagram, LinkedIn, Tiktok
Investor Protection: Yes – Deposit guarantee scheme, investor compensation scheme and asset separation

         How Are You Protected at Degiro? Security and Regulation

As our readers already know, we only recommend Tier 1 regulated brokers. Primarily ones with FCA, BaFin, NFA or ASIC licenses. Degiro broker did its due diligence and knows what traders want. It’s security and transparency. With their active licenses with FFSA (Germany), AFM (Netherlands) and FCA (UK) they definitely manage to do that.

On top of that, the company has available multi-investor protection features. Such as:

  • Segregated bank accounts for deposits
  • Deposit guarantee scheme
  • Investor compensation scheme

Therefore, all traders depositing with this broker can sleep tight. Since the company is not offering Forex, CFD or Crypto trading you don’t need to worry about negative balance protection.

Degiro Broker Profile

Degiro review: Snapshot of their user-friendly trading platform interface

One of the downsides of investing with Degiro is its trading platform. Even though it’s very user-friendly it’s very simplified. Unfortunately, it doesn’t allow traders to set up alerts and customize endlessly their charts.

The lack of cryptos and forex trading might be a dealbreaker for some. However, there are many more trading options available that are generally better. Primarily because of logical understanding and fundamental principles applied. While cryptos are just speculations.

Another downside is missing a demo account. However, with no minimum deposit requirement, you can try the broker with a small investment.

Trading platforms: Proprietary web platform
Account types: Custody, Basic, Active, Trader, Day Trader
Financial Instruments On Offer:
  • ETFs (Gold ETFs, Gaming ETFs)
  • Shares (Deutsche Bank, BMW)
  • Bonds (Government bonds, corporate bonds)
  • Futures (Commodity futures, index futures)
  • Options (Stocks options, index options)
Maximum leverage: Variable
Minimum Deposit: No minimum deposit
Commissions/bonuses: Up to 2 EUR / No bonuses available
Mobile app: Yes
Desktop app: No
Autotrading: No
Demo account: No
Education or Extra tools: Pension funds, Investor academy, Scholarship and more

Is Degiro Broker Safe?

Yes. With highly trusted regulations and full transparency, it’s one of those everyone should try. However, some of the instrument assets are not suitable for beginners. Some of those are complicated to understand, but eventually, it can be a positive experience.

On the positive side, traders have compensation and deposit guarantee schemes. With this in mind, you can trade without any headaches. On the other hand, there is a trading software. It doesn’t offer advanced features like social or copy trading. Unlike Meta Trader or cTrader. Also, there is no dedicated desktop app, only web trader. But there is a mobile app suitable for iOS and Android devices.s

Degiro Traders Reviews – Sharing Experiences

User experience is always important. Also, one of the key factors that should be taken into consideration. Even though there are many fake ones nowadays, we can get a bigger picture.

Out of more than 4 thousand Degiro broker reviews on Trustpilot, many of those had positive experiences. However, there is almost 25% of customers complain about something. Mainly about increased Degiro trading fees and customer support. Take a look by yourself. But if you need further clarification on something or more bits of advice about some broker, feel free to get back to us.

https://www.trustpilot.com/review/www.degiro.nl

It’s hard to understand everything only from one review. Therefore, we invite you to check our Trade Capital Markets, SVK Markets and Trade Republic reviews. After getting all the necessary knowledge you will be much safer in the trading world.

How Degiro Platform Reach Clients and Who Are They?

The broker is present on many different social media. They got numerous awards for being the best broker. On top of that, the company is an official sponsor of Sevilla football club. Fans will know. Practically they don’t need advertising.

However, regulated brokers often promote new opportunities via e-mail. But nowadays, most likely through social media. Such as LinkedIn, Instagram or Youtube. As for the demography of clients, they are mainly working with ones from:

  • Netherlands
  • Spain
  • France
  • Italy
  • Portugal

Degiro Funding Method

As for the payment methods, you will see rather unusual choices. A big downside is that the company doesn’t have card funding options. Instead, you can choose between:

  • Wire transfers
  • iDEAL
  • Sofort

Degiro withdrawal and deposut policy

As for the wire transfers, processing time varies. It takes usually a couple of days. On the contrary, direct deposits via iDEAL/Sofort are processed mostly in less than 30 minutes. Important to realize is that the company itself doesn’t charge any fees for deposits and withdrawals. Thus, these options are quite safe because both payment providers are trusted.

In general, withdrawals are processed the same way and it takes 1-3 business days to process everything.

Our Safe Trading experts’ opinion of Degiro broker

In general, it’s rare to find such a secure and transparent broker these days. Besides that, the company might not be attractive to traders with software or instrument assets special preferences. On top of that, Degiro account funding is quite limited. On the positive side, there are no Degiro transaction fees. Unfortunately, the company doesn’t have a demo account available. So, testing is not possible.

If you are a trader that prefers CFDs or crypto this is not the place for you. Still, you can always adapt your trading style and preferences. But to find the perfect broker you can always consult with our experts. Since we are analyzing broker updates daily, you can get in touch and get a whole list of suitable brokers. Most importantly, free of charge and without any commitments. Contact us today!

FAQ Section

Is Degiro Trustworthy?

To sum it up, yes. The company has all the necessary licensing, deposit guarantee and compensation schemes. They are listed on the stock exchange and have many positive reviews.

How To Start Trading Safely?

The safest option is always to find a regulated broker. Depending on your preferences you can look for other brokers as well. Let our professionals help you. Contact us today.

How Can You Help Me Choose the Best Forex or Crypto Broker?

Not every regulation brings all guarantees. Not even necessary ones. To find out more about choosing the right broker you can book a consultation free of charge. Get in touch!

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