DEGIRO Review 2023

  • 9.8

DEGIRO review summary

If you’re looking for safe, easy, cheap and no-frills stock trading on the biggest global markets, DEGIRO may just be the perfect choice for you. It offers inexpensive stock trading on many US and European exchanges, and there are very few extra fees. Its wide ETF selection makes it a great choice for long-term investors. Opening an account is a breeze (no minimum deposit!), and despite a thin research section, DEGIRO’s basic but easy-to-use trading platforms are suitable even for those with little trading experience. Simply put, DEGIRO is among the very best stockbrokers out there.

DEGIRO is not a scam, as it is backed by rock-solid regulation, and its banking license means you get extra protection for your uninvested cash.

DEGIRO review is available in Pakistan

DEGIRO pros and cons

One of the lowest fees on the market Forex not available
Regulated by top-tier authorities Limited research tools
Easy-to-use web and mobile platform No credit/debit card deposit

DEGIRO main highlights

🗺️ Country of regulationGermany
💰 Trading fees classLow
💰 Inactivity fee chargedNo
💰 Withdrawal fee amount$0
💰 Minimum deposit$0
🕖 Time to open an account1 day
💳 Deposit with bank cardNot available
👛 Depositing with electronic walletNot available
💱 Number of base currencies supported9
🎮 Demo account providedNo
🛍️ Products offeredStock, ETF, Fund, Bond, Options, Futures
Our overall Interactive Brokers rating
  • 9.8

  • Fees
  • Account opening
  • Deposit and withdrawal
  • Trading platform
  • Markets and products
  • Research
  • Customer service
  • Education
DEGIRO review


DEGIRO has low trading fees for all asset classes. Non-trading fees are also low, as there are no inactivity or withdrawal fees. On the negative side, trading US options or futures will come with a €5 monthly fee. If you need currency conversion, a 0.25% fee will apply.

Pros Cons
Low fund fees €5 monthly fee for trading US derivatives (options and futures)
No inactivity fee 0.25% FX conversion fee
Low stock and ETF fees
DEGIRO fees snapshot
AssetsFee levelFee terms
US stockLow€1 per trade (€0.00 commission plus a €1 handling fee)
EURUSDNot available
Mutual fundLow€3.9 and 0.2% annual administration fee
Inactivity feeLowNo inactivity fee

How we ranked fees

We ranked DEGIRO’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.

First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

  • Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
  • Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

In the sections below, you will find the most relevant fees of DEGIRO for each asset class. For example, in the case of stock investing the most important fees are commissions.

We also compared DEGIRO’s fees with those of two similar brokers we selected, Interactive Brokers and Saxo Bank. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of DEGIRO alternatives.

To have a clear overview of DEGIRO, let’s start with the trading fees.

DEGIRO trading fees

DEGIRO’s trading fees are low for all asset classes. We analyzed the fees of DEGIRO UK; please note though that fees vary a bit from country to country.

Stock fees and ETF fees

DEGIRO offers low stock and ETF commissions. DEGIRO doesn’t charge any commission if you trade on US and Canadian stock exchanges.

However, a €1 fee per trade handling charge still applies.

There’s also a list of ETFs that can be traded for free once a month (conditions apply – more information at DEGIRO), meaning either one buy or one sell transaction. Additional transactions for the same ETF product within the same month may also be free, as long as they are the same type of transaction (i.e. buy or sell) as the first one, and the trade is at least $/€1,000.

DEGIRO stock and ETF commission of a $2,000 trade
DEGIRO Interactive Brokers Saxo Bank
US stock $1.0 $1.0 $10.0
UK stock $3.1 $3.4 $9.0
German stock $4.9 $3.0 $9.9

If you have dividend-paying stocks, you should avoid opening a so-called custody account, as it has a very high processing fee for dividends: €1 + 3% of the dividend amount. Click here to see other available account types that don’t have this fee.

DEGIRO now has fixed commission+handling fees on all stock markets, regardless of the volume fo the trade.

Note the table below refers to charges for UK customers and there is usually a discounted rate for trading on your home market (e.g. investors from Spain trading on the Spanish market, etc.)

DEGIRO stock, ETF and warrant commission pricing
MarketCommission+Handling fee
UK£1.75 + €1 handling fee
US, Canada€0.00 + €1 handling fee
Germany – XETRA, Frankfurt, Austria, Belgium, Denmark, Finland, France, Italy, Ireland, The Netherlands, Norway, Portugal, Spain, Sweden, Switzerland€3.90 + €1 handling fee
Czech Republic, Greece, Hungary, Turkey, Poland€3.90 + €1 handling fee
Australia, Hong Kong, Japan, Singapore€5.00 + €1 handling fee
ETFs€2.00 (Tradegate: €3.90) + €1 handling fee
Free ETFs*1 free trade/month

*€2.50 exchange connection fee may apply if you buy outside your home market. Also, currency FX fees may be charged if your account currency differs from the currency of the product.

If you prefer stock trading on margin, you should check DEGIRO’s margin rates.

Margin rates are charged when you trade on margin. This basically means that you borrow money from your broker to trade, for which you have to pay interest.

The margin rate is 3%, calculated annually and charged monthly.

DEGIRO annual margin rates
 DEGIROInteractive BrokersSaxo Bank
USD margin rate 3.0% 5.3%
GBP margin rate 3.0% 4.5%
EUR margin rate 3.0% 2.8%

Fund fees

DEGIRO has low fees for funds.

DEGIRO commission for a $2,000 fund purchase
 DEGIROInteractive BrokersSaxo Bank
Mutual fund $3.9 $15.0 $0.0

For investment funds, DEGIRO charges a flat €3.90 fee  Any entrance or exit fees the fund provider might charge are passed on to the client by DEGIRO.

Custody fees are charged monthly (DEGIRO calls them a “service fee”), based on the value of your investment fund portfolio on the last day of the month. It adds up to 0.2% for a year, with the exception of FundShare Cash Funds / Morgan Stanley Liquidity Funds, where no such charge is levied.

DEGIRO fund commission pricing
Mutual funds Commission Monthly custody fee
Euronext Fund Services €3.9 0.017%
Non-Exchange Listed Investment Funds (STP) €3.9 0.017%
FundShare Cash Funds / Morgan Stanley Liquidity Funds Free Free

Bond fees

DEGIRO has generally low bond fees.

DEGIRO commission of a $10,000 government bond trade
 DEGIROInteractive BrokersSaxo Bank
US Treasury bond $5.0 $79.2
EU government bond $3.0 $10.0 $79.2

See the details of DEGIRO’s bond commissions in the following table:

DEGIRO bond commission pricing
Belgium, France, Germany, Netherlands, Portugal€2
OTC bonds (e.g Norwegian)€35

Options fees

DEGIRO’s options fees are low. Its competitors charge a higher trading fee for this asset class. However, DEGIRO charges a connectivity fee of €5 per calendar month for using US stock index options markets. This fee will be charged for trading and holding positions on these markets, irrespective of the number and size of transactions.

Unlike some brokers, DEGIRO has a charge for Exercise/Assignment/Cash settlement of options, although it is only €1 per contract.

DEGIRO stock index options commission of 10 contracts
 DEGIROInteractive BrokersSaxo Bank
US stock index options $7.5 $6.5 $30.0
UK stock index options $19.2 $28.3
German stock index options $8.9 $16.8 $39.6

DEGIRO options fees are volume-based, i.e. the fee you pay depends on the number of contracts you buy. Exchange costs are not included in the commission (for example, exchange costs are SEK3.50/contract for indices on Sweden’s OMX exchange).

DEGIRO pricing for stock index options
US – CME, CBOT, CBOE, NYMEX, COMEX*$0.75/ contract + €5 per month fee*
Eurex (Germany)€0.75 / contract
MEFF (Spain)€1.50 / contract
Euronext LIFFE (Netherlands, Belgium, France, Portugal)€2.00 / contract
Norway, Finland, Sweden, Denmark €0.75 / contract
Other countries€0.75 / contract
Option exercise / assignment€1.00 / contract

*DEGIRO charges a connectivity fee of €5 per calendar month for using US derivative markets (CME, CBOT, CBOE, COMEX, NYMEX). This fee will be charged for trading and holding positions on these markets, irrespective of the number and size of transactions.

Futures fees

DEGIRO’s futures fees are also low. Unlike some brokers, DEGIRO has a charge for Exercise/Assignment/Cash settlement of futures, although it is only €1 per contract.

DEGIRO stock index futures commission of 10 contracts
 DEGIROInteractive BrokersSaxo Bank
US micro e-mini stock index futures $7.5 $2.5 $40.0
UK stock index futures $19.2 $33.9
German e-mini stock index futures $7.4 $7.9 $39.6

Similar to options, futures fees are calculated based on the number of contracts. Exchange costs are not included in the commission for US and Nordic markets (for example, exchange costs are SEK3.50/contract for indices on Sweden’s OMX exchange).

DEGIRO pricing for stock index futures
FuturesTrading fee
US – CME, CBOT, NYMEX, COMEX*$0.75 / contract + €5 per month fee*
NYSE Liffe – Amsterdam, Brussels, Lisbon, Paris€0.75 / contract
EUREX main indices – EURO STOXX 50, DAX, DAX Mini€0.75 / contract
EUREX other stock indices€0.75 / contract
MEFF (Spain)€0.75 / contract
OMX Sweden (Indices)€0.75 / contract

*DEGIRO charges a connectivity fee of €5 per calendar month for using US derivative markets (CME, CBOT, CBOE, COMEX, NYMEX). This fee will be charged for trading and holding positions on these markets, irrespective of the number and size of transactions.

Non-trading fees

DEGIRO has low non-trading fees. There is no account fee, inactivity fee, withdrawal fee, deposit fee or custody fee (with the exception of a service fee for mutual funds, levied monthly).

DEGIRO non-trading fees
 DEGIROInteractive BrokersSaxo Bank
Account fee No No No
Inactivity fee No No Yes
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0

On the downside, there is an unusual fee category called the “Exchange Connectivity Fee”. This is charged for trading outside of your home market.

You will pay a maximum of €2.50 per calendar year for each stock exchange you used with the exception of your home market. For example, as a UK investor, you wouldn’t have to pay for using the London Stock Exchange. However, an investor from Germany or France would need to pay €2.50 each year if they used the London Stock Exchange and another €2.50 for using the Stockholm Stock Exchange, etc. These charges will be applied if you carry out a transaction or hold a position on the specific exchange during the calendar year.

In addition, the connectivity fee for US options markets is €5 per exchange per calendar month, so this would add up to €60 per year if you were to trade on one of these markets every month. The same is true for US futures markets.

If your account currency differs from the currency of the asset you want to buy, a currency conversion fee is charged, DEGIRO charges 0.25% of the transaction value (above the current spot rate).  Your account is by default set to “auto FX” meaning DEGIRO will simply do the conversion automatically when you buy or sell an asset. For example, if you have a GBP account and you sell a stock denominated in EUR, you won’t end up with a EUR balance, because it will be automatically converted back to your base currency (GBP in this case).

It is possible to initiate a manual currency conversion but it costs more: €10 + 0.25% of the transaction value.

DEGIRO review

Account opening

The account opening process at DEGIRO is fast, fully digital, and no minimum deposit is required.

Fast None
Fully digital 
No minimum deposit 

What is the minimum deposit at DEGIRO?

There is no minimum deposit. This is great if you want to invest only smaller amounts.

Account types

DEGIRO offers the following account types:

  • Custody
  • Basic
  • Active
  • Trader
  • Day Trader

You can access an increasing number of products and features as you go down the list; Custody offers the fewest and Day Trader the most services. Trading fees are the same across all profiles, though there are some minor exceptions for Custody accounts.

As a rule of thumb, only open a Custody account if you have a specific reason to do so.

For a summary of profiles, see the table below:

DEGIRO account types
 CustodyBasicActiveTraderDay Trader
Trading shares, bonds, investment funds and trackers (ETFs)YesYesYesYesYes
Trading leveraged products and warrantsNoYesYesYesYes
Buying on marginNoNoYes (up to 50% of your available margin)Yes (up to 100% of your available margin)Yes (up to 100% of your available margin with additional margin during trading hours)
Going shortNoNoYesYesYes
Trading derivatives (options and futures)NoNoYesYesYes
Free real-time prices on Euronext exchangesNoYesYesYesYes
Free dividend and coupon processingNoYesYesYesYes

Some of the profiles may not be available in some countries. You can read more about DEGIRO profiles here.

At the time of our review, DEGIRO generally does not provide tax-free account options like an Individual Savings Account (ISA) or equivalent. Two exceptions to this are Sweden, where ISK accounts are available; and the Netherlands, where a pension account can be opened.

How to open your account

Account opening is fully digital. In our latest test, it took us 1 business day to open a new account.

For the initial registration you need:

  • a copy of your passport or ID card
  • the bank account number from which you will fund the investment account.

After the initial registration, there are three more steps to complete before your account is activated and ready for trading:

  1. Complete an appropriateness test.
  2. Agree to the conditions for real-time prices.
  3. Transfer money to your investment account.

DEGIRO review – Account opening

Our best alternatives to DEGIRO are:

The highest ranking competitors are:

  1. Interactive Brokers full review
  2. Saxo Bank full review
  3. flatex full review
  4. Comdirect full review
DEGIRO review

Deposit and withdrawal

DEGIRO deposits and withdrawals are free of charge via bank transfer. A big drawback though is that you can’t deposit funds using a credit or debit card.

Free withdrawal  Credit/Debit card not available
No deposit fee 
Several account base currencies 

Account base currencies

At DEGIRO, you can choose from 9 base currencies. The available base currencies are CHF, DKK, GBP, NOK, SEK, EUR, CZK, PLN and HUF.

Base currencies at DEGIRO vs similar brokers
 DEGIROInteractive BrokersSaxo Bank
Number of base currencies 9 23 26

At DEGIRO, as a general rule, the base currency of your account is the currency of your home country. This means that, for example, you will have a GBP account if you register at as a UK citizen. You can’t have more than one base currency for an account.

Still, it’s possible to open another DEGIRO account in a different currency if you have a bank account in your name in the country of that currency. For example, if you are a UK citizen, you can open an account in Swedish krona if you have a bank account in Sweden. In such a case, you’d need to apply for a DEGIRO trading account on the local (Swedish) DEGIRO website and could use DEGIRO in Swedish language only. A Swedish krona account at a UK bank wouldn’t qualify.

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account, or if you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee.

DEGIRO does not accept deposits from digital banks such as Wise; such transfers will bounce back immediately. This means that you can’t save on currency fees by using a digital bank.

Deposit fees and options

You can easily fund your DEGIRO account via bank transfer. On the negative side, the convenient and fast option of depositing via credit or debit card is not available.

For some accounts, Trustly, iDEAL and/or Sofort might be available as instant deposit options, but this varies by country. In the UK, only bank transfer deposits are accepted at the moment.

Bank transfer deposits usually take 2-3 business days, while doing it via Trustly would take around 30 minutes.

DEGIRO charges no deposit fees.

DEGIRO deposit options
 DEGIROInteractive BrokersSaxo Bank
Bank transferYesYesYes

Credit/debit card


Electronic wallets


DEGIRO has strict rules on bank transfer deposits. It only allows transfers from bank accounts that are in your name and only from the accepted countries.

Deposits via Wise, Revolut, Monese, Currencies Direct, Currency Cloud or PayPal are not allowed.

DEGIRO review – Deposit and withdrawal – Deposit

DEGIRO withdrawal fees and options

DEGIRO charges no withdrawal fees.

You can withdraw only via bank transfer. E-wallets are accepted only for residents of certain countries such as Germany or Spain.

DEGIRO withdrawal fees and options
Interactive Brokers Saxo Bank DEGIRO
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

In theory, the withdrawn amount should be transferred to your bank account within 3 business days. We tested it and actually received the money within 1 business day.

You can only withdraw money to accounts that are in your name.

How do you withdraw money from DEGIRO?

  • Click the ‘Deposit/Withdraw Funds’ button and select the ‘Withdrawal’ tab.
  • Select the appropriate DEGIRO account and bank account for the transaction.
  • Enter the amount and a description.
  • Click ‘Transfer.’
DEGIRO review – Deposit and withdrawal – Withdrawal
DEGIRO review

Web trading platform

DEGIRO’s web platform is very basic and easy to use, even for beginners. On the negative side, you can’t set price alerts.

 User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login 
DEGIRO platforms to choose from
Trading platformScoreAvailable



DEGIRO’s web platform is only available in your local language. For example, if you register from Germany, your platform language will be German.

Look and feel

DEGIRO’s web trading platform is adequate for executing trades. It is well designed and user-friendly, but it lacks any customization options and tools for advanced traders.

DEGIRO review – Web trading platform

Login and security

You can choose between one-step or two-step login. The two-step option is available through Google Authenticator. We recommend two-step login as it is more secure.

Search functions

The web platform’s search functions are good.

When you type in the name of a product, a list of matching products will appear, grouped by asset class. You can also see the stock market and the currency the product is available in.

You can even filter your search based on the asset class you’re interested in (e.g. only ETFs).

DEGIRO review – Web trading platform – Search

Placing orders

We liked that you can see the total fee for your transaction before executing it. You can choose from several order types, although not all of them are available for every tradable instrument. The following order types are available:

  • Limit
  • Market
  • Stop loss
  • Stop limit
  • Trailing Stop – this one only on German exchanges

If you’re not familiar with the basic order types, read this overview.

You can also use two order time limits:

  • Day
  • Good ’til canceled (GTC)

DEGIRO review – Web trading platform – Order panel

Alerts and notifications

You can receive order confirmations by email, but text message notification is not available. There is no price alert function.

Portfolio and fee reports

DEGIRO’s portfolio and fee reports are well organized. They are transparent, and you can easily see what products you own and the fees you paid for each transaction.

DEGIRO review

Mobile trading platform

DEGIRO’s mobile app has a basic but good design and is pretty straightforward to use.

User-friendly No price alerts
Two-step (safer) login 
Touch/Face ID login 

The mobile trading platform is available in the language of your account.

Look and feel

DEGIRO’s mobile trading platform has a great and clear design and is fairly intuitive.

DEGIRO review – Mobile trading platform

Login and security

The DEGIRO mobile platform provides a safe login. You can set up two-step authentication through the web platform you then need to download the Google Authenticator app on your mobile, which will generate a temporary passcode each time you want to log in.

DEGIRO can be set up for access through Touch or Face ID on mobile devices that support these features. Enter the login screen of the app and select the icon in the bottom left corner. You will have to provide your passcode to set up either Touch or Face ID.

Search functions

The mobile platform’s search functions are good.

When you type in the name of a product, a list of matching products will appear, grouped by asset class. You can also see the stock market and the currency the product is available in.

You can even filter your search based on the asset class you’re interested in (e.g. only options).

DEGIRO review – Mobile trading platform – Search

Placing orders

Order management is the same as on the web platform.

DEGIRO review – Mobile trading platform – Order panel

Alerts and notifications

You can receive order confirmation messages via email, but price alerts are not available.

DEGIRO review

Desktop trading platform

DEGIRO does not provide a desktop trading platform.

DEGIRO review

Markets and products

At DEGIRO, you can access many markets and trade a lot of different products. CFDs and forex are not available, though.

DEGIRO asset classes
 Interactive BrokersSaxo BankDEGIRO

DEGIRO has a solid product portfolio, although forex and CFDs are not available. In terms of stocks, options and futures, DEGIRO is really competitive. The broker’s fund and bond selections, however, are quite average.

Stocks and ETFs

When measured against some direct competitors, DEGIRO’s stock and ETF selection is smaller than LYNX’s but slightly better than Comdirect’s.

DEGIRO gives you access to 31 stock exchanges and more than 5,000 ETFs. This selection includes the biggest international markets, as well as several smaller European stock exchanges.

Unlike at some other brokers, at DEGIRO you can trade almost all listed companies, not just a select few. On the other hand, it does not offer access to American Pink Sheets or US over-the-counter (OTC) markets at the moment.

Short selling is restricted on certain products, such as US securities.

DEGIRO stock and ETF selection
 DEGIROInteractive BrokersSaxo Bank
Stock markets (#)818350
ETFs (#)5400130006,400


DEGIRO’s selection of fund providers is not the best on the market. Nevertheless, you can choose from mutual funds offered by big players such as BlackRock or Vanguard.

DEGIRO mutual fund selection
 DEGIROInteractive BrokersSaxo Bank
Fund providers (#)6440017


DEGIRO has an OK lineup of corporate and government bonds, but it compares poorly to competitors such as Comdirect or LYNX.

DEGIRO bond selection
 DEGIROInteractive BrokersSaxo Bank
Bonds (#)6491,065,0004,500


You can trade on 12 options markets at DEGIRO. This is considered a competitive selection, though not the best on the market.

DEGIRO options selection
 Interactive BrokersSaxo BankDEGIRO
Options markets (#)123420


DEGIRO’s futures market coverage is also good, though it still lags behind that of LYNX.

DEGIRO futures selection
 DEGIROInteractive BrokersSaxo Bank
Futures markets (#)143228
DEGIRO review


DEGIRO provides only limited research functions. These include a basic news feed, OK charting tools and some fundamental data on stocks, though no trading ideas.

 Good interactive chart No trading ideas
 Data on asset fundamentals Poor quality news flow

Trading ideas

DEGIRO does not provide trading ideas at the moment.

For equities, in the ‘Analyst Views’ tab, you can see how many buy/sell/hold recommendations a specific stock currently has or had in the past. However, we missed the actual price targets. At some of DEGIRO competitors, such as LYNX, this function is available, showing you who gave the recommendation and what price target they have (e.g. Morgan Stanley, Sell, price target €10).

Fundamental data

DEGIRO provides fundamental data for stocks. When you select a stock, the key figures and ratios will appear under the chart. If you select the ‘Financials’ tab, you can compare metrics reported on the company’s income statement, balance sheet and cash flow statement.


The charting tool is rather basic, but sufficient for an execution-only trading platform. It is easy to use and comes with more than 10 technical indicators.

DEGIRO review – Research – Charting

News feed

You can access a news panel with short news items on both the web and the mobile platforms. These are available on the main page of the trading platform, and also in the information sheet of products that have any news related to them.

Among DEGIRO’s competitors, the news feature is implemented better on LYNX’s TWS platform, where the news flow is compiled from a wider range of sources.

DEGIRO review

Customer service

Customer support is of mixed quality at DEGIRO. You can reach customer service in many languages, and phone support is great. However, there’s no live chat or 24/7 availability.

 Phone support No live chat
Relevant answers No 24/7 support

Phone and email support are available, but there is no live chat service.

A big advantage is that you can contact customer service in your own language if you’re from one of the 18 countries supported.

Overall, the quality of DEGIRO’S customer support was OK. The response time of phone support was fast, and we got useful and relevant answers. Email support is mediocre, though, as its average response time was around 2 days.

We missed 24/7 availability. DEGIRO’s customer support is only available between 7 a.m. and 9 p.m. local time on weekdays.

DEGIRO review – Customer Service

DEGIRO review


DEGIRO has OK educational tools about investing and on how to use its platform, though we missed a demo account.

Trading platform tutorial No demo account
Educational videos 

At DEGIRO, you can learn in the following ways:

  • Platform tutorial videos
  • General educational videos about investing
  • Blog
  • Product guides
  • Documentary series on the basis of investing

DEGIRO’s education materials can be found under the ‘Knowledge’ tab on their website. It has an ‘Investor’s Academy’ consisting of 10 fundamental lessons to kickstart your investor journey with texts and videos.

DEGIRO review – Education

The ‘Products’ section introduces you to all the asset classes available at DEGIRO, while ‘Strategies’ will teach you how to use technical and fundamental analysis, how to trade options, and much more.

The site also has general videos that cover basic topics like asset classes, diversification and order terms.

Under the ‘Investing with DEGIRO’ menu, you’ll find videos about the trading platforms; explaining, for example, how you can buy stocks via the DEGIRO web platform.

If you dig deeper, you will see a ‘Documentary’ menu. DEGIRO teamed up with Discovery to create a 4 part docuseries covering topics lice active versus passive investing, diversification, crises and bubbles and impact investments. They are of good quality, great starters for beginners.

DEGIRO also has a blog with quality articles about the markets, updated every month.

Still, we missed additional services that could boost DEGIRO’s education section, such as a demo account or webinars. We think that having an option to open a demo account is the best way to learn how the platform works.

DEGIRO review – Education – Documentary series

DEGIRO review


DEGIRO is a licensed investment firm regulated by top-tier financial authorities, and now comes with a newly secured banking background.

Banking background None
Top-tier financial regulator 

Is DEGIRO regulated?

Yes, it is regulated.

The legal entity behind the DEGIRO name is flatexDEGIRO Bank Dutch Branch, which is the Dutch branch of flatexDEGIRO Bank AG.

As a German regulated bank, flatexDEGIRO Bank AG is primarily supervised by the German financial regulator, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Regulators of other countries where DEGIRO offers its services are also notified by DEGIRO and are aware of its operations. In the Netherlands, the Dutch Central Bank (DNB) is tasked with the integrity supervision of DEGIRO. DEGIRO is deemed authorized and regulated by the Financial Conduct Authority in the UK.

In addition, flatexDEGIRO Bank AG falls under the indirect supervision of the European Central Bank (ECB).

DEGIRO B.V. merged with flatexDEGIRO Bank AG in early 2021, creating the biggest online execution-only broker in Europe with its own banking license.

Is DEGIRO safe?

To be certain, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected?

When you open an account with DEGIRO, you are eligible for investor protection for up to €20,000 in securities and, additionally, up to €100,000 of any uninvested cash in your DEGIRO Cash Account.

DEGIRO clients’ assets are segregated in separate entities and thus protected in the case of DEGIRO’s insolvency. In the unlikely event that the segregated assets cannot be returned to clients, DEGIRO falls under the German Investor Compensation Scheme, which compensates any losses from non-returned assets up to 90% (with a maximum of €20,000). Furthermore, any money deposited in a DEGIRO Cash Account with flatexDEGIRO Bank AG will be guaranteed up to an amount of €100,000 under the German Deposit Guarantee Scheme. This is thanks to DEGIRO’s banking background.

DEGIRO investor protection
Country of clientsProtection amountRegulatorLegal entity
All countries€20,000 for securities (+all cash held on DEGIRO Cash Accounts up to €100,000)Federal Financial Supervisory Authority (BaFin), GermanyflatexDEGIRO Bank Dutch Branch

Negative balance protection is not available, but we don’t think this should be a concern as DEGIRO is not a CFD/Forex broker.

Your uninvested money will be held in a segregated personal bank account with a personal IBAN. This Cash Account will be directly connected to your existing DEGIRO investment account. It is not possible to use this Cash Account for other general banking purposes. You can only use it to hold money so that it is readily available for investments on your DEGIRO account.


DEGIRO was established in 2008. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. In 2013, DEGIRO launched its services for retail clients in the Netherlands. In December 2019, flatex (a German broker) announced it would acquire DEGIRO but keep the existing DEGIRO brand.

Is DEGIRO safe?

Yes, DEGIRO is considered safe because of the following: flatex, a Germany-based, exchange listed stock broker with a banking license has recently acquired DEGIRO, strengthening its background.

DEGIRO review

Bottom line

DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.

Transaction costs are generally very low. In addition, the account opening process is fast.

On the other hand, as DEGIRO is an execution-only broker, its research tools are limited. We should also mention that it offers no forex trading, and most clients can only deposit and withdraw by bank transfer.

All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.

DEGIRO review


Below you can find links to all aspects of DEGIRO in this comprehensive collection.

We recommend DEGIRO for traders and investors looking for execution only.

Lower fees, lower costs?

We detailed this in our DEGIRO fees article.

What about the minimum deposit?

Our ultimate guide to the DEGIRO minimum deposit is updated regularly.

How to start your DEGIRO account?

Look no further than our evaluation of the DEGIRO account opening.

How’s their trading app?

Here’s our expert view after checking the DEGIRO trading app.

Is the quality of customer service satisfactory?

All you need to know about the DEGIRO customer service.

Legit or scam?

Is DEGIRO legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether DEGIRO is really free.

Is this broker good for beginners?

We checked it in Is DEGIRO good for beginners.

Should you buy your silver bullets on DEGIRO?

Research for silver bugs in the Silver buy on DEGIRO guide

I want to trade options, are they available at DEGIRO?

We explored the topic in Can you trade options on DEGIRO?

What is the minimum account balance at DEGIRO?

Check out the current account balance requirements at DEGIRO in our What is the minimum account balance at DEGIRO article.

Looking for commission and fees data for DEGIRO?

We collected them in DEGIRO commission and fees.

How do you withdraw money from DEGIRO?

We tested it and collected the options and costs in How to withdraw money on DEGIRO.

Related articles

  • How to buy on DEGIRO?
  • Can you short sell on DEGIRO?
  • Can I have two DEGIRO accounts?
  • How does DEGIRO pay dividends?
  • How to delete DEGIRO account?
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