Degiro Review: A Comprehensive Guide to the Platform

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    0
    921
    4.9/5
    Brokerage and trading.
    Low fees.
    Online trading platform.
    OPEN ACCOUNT *Risk is involved with all trading actions
    Pros
    • Degiro offers low commissions for trading stocks, ETFs, and other investment products and commission-free trading for stocks and ETFs.
    • Fractional shares allow investors to buy a portion of a share of a stock or ETF.
    • Accessible to Investors of All Levels.
    • Degiro allows international investing.
    Cons
    • Limited research and analysis tools.
    • No fractional options trading.
    • Limited educational resources.
    Degiro Highlights
    💰 Account Minimum Degiro has no account minimums.
    💸 Commission Fees Commission-free trading for stocks and ETFs, low commissions for other investment products, and $0.65 on options.
    💼 Investment Options Stocks, bonds, mutual funds, ETFs, options, futures, and more.
    🤖 Robo-Advisor Degiro offers a robo-advisor service called Schwab Intelligent Portfolios for automated investment management at a low fee.
    📊 Research and Analysis Degiro provides various research and analysis tools, including market commentary, third-party research reports, and investment screeners.
    📱 Mobile App Degiro’s mobile app is available for Android and iOS.
    🏦 Retirement Accounts Degiro offers Traditional, Roth, Rollover, SEP, and SIMPLE IRAs, as well as retirement accounts.
    🎓 IRA Accounts Degiro provides advanced tools and features for active traders, including customizable dashboards, advanced charting, and trading tools.
    📈 Trading Platform Degiro provides advanced tools and features for active traders, including customizable dashboards, advanced charting, and trading tools.
    📞 Customer Service Degiro offers multiple support channels, including phone, email, chat, and in-person support.
    📚 Educational Resources Degiro provides educational resources, including articles, videos, webinars, and courses.
    🌕 Fractional Shares Degiro offers fractional shares, allowing investors to purchase a portion of a share of a stock or ETF.
    🌱 Socially Responsible Degiro does offer a range of sustainable investment products such as ESG ETFs and funds.
    🌎 International Investing Degiro offers access to over 50 exchanges across 30 countries.
    💳 Cash Management Degiro does not offer a cash management service or a debit card.
    🔍 Margin Trading Degiro offers margin trading for stocks and ETFs with an Active or Trader account.
    ⚙️ Options Trading Degiro offers options trading for various underlying assets with an Active or Trader account.
    ₿ Cryptocurrency Degiro does not offer cryptocurrency trading or exposure.
    🛡️ Account Security Security measures include two-factor authentication, encryption, and fraud monitoring.
    💹 Leverage Up to 4x for stocks and ETFs
    ⚖ Regulation Degiro is regulated by multiple government agencies, including the SEC and FINRA.

    Introduction

    Online brokers have made investing more accessible and affordable for people of all experience levels and incomes. One such online broker is Degiro, a European platform that has gained popularity for its low fees, a wide range of investment products, and user-friendly interface. This article will provide an in-depth review of Degiro, highlighting its features, pros, and cons to help readers decide if it is the right online broker for their investment goals.

    Degiro Background and Company Information

    Degiro is a European online brokerage firm founded in 2008 in the Netherlands. It provides affordable access to the financial markets for both retail and institutional investors. Degiro has since expanded its services to more than 18 European countries and has become one of the largest online brokers in Europe, with over 2 million users and €70 billion in assets under management.

    Degiro’s mission is to offer the lowest fees possible while maintaining high quality and security for its customers. It has achieved this through advanced technology and automation, enabling it to provide low-cost services to its customers. Degiro is famous for its user-friendly interface, which makes it easy for both beginner and experienced investors to use.

    Multiple government agencies regulate the company, including the Dutch Authority for the Financial Markets (AFM), the European Securities and Markets Authority (ESMA), and the Financial Conduct Authority (FCA) in the UK. Degiro won multiple awards for its services, including the Best Broker in the Netherlands award in 2018 and the Best Low-Cost Stockbroker award in 2019.

    Degiro’s management team consists of experienced professionals from the financial industry, including former executives from Goldman Sachs, Citigroup, and ING. The company has also received investments from reputable firms such as Peak6 and NewAlpha Asset Management, indicating strong backing from the financial industry.

    Degiro User Interface and User Experience

    Degiro’s user interface (UI) is user-friendly and intuitive, with a minimalist and modern design. The platform offers a range of features and tools. Users can easily access them from the dashboard.

    The dashboard provides a quick overview of the user’s portfolio, including their investments’ current value and performance. Users can also access various trading tools, such as advanced charting, order types, and market data, designed to help users make informed investment decisions.

    Degiro’s user experience (UX) also focuses on ease of use and accessibility. The platform is easily accessible to users of all levels, from beginners to experienced traders. It offers a range of educational resources, including articles, videos, webinars, and courses, which can help users learn about investing and trading.

    The platform also offers a mobile app for Android and iOS devices, which provides users access to their accounts and trading tools on the go. The mobile app has a similar design and functionality to the desktop platform, making it easy for users to switch between devices.

    Overall, Degiro’s UI and UX make investing and trading as easy and accessible as possible, with various tools and resources available to help users make informed decisions.

    Degiro Trading and Investment Options 

    Degiro is a European online broker that provides trading and investment options in various financial instruments such as stocks, bonds, ETFs, options, futures, and more. Here are some of the trading and investment options available on Degiro:

    Stocks

    Degiro offers access to over 50 global stock exchanges, including major markets such as the NYSE, NASDAQ, London Stock Exchange, and Tokyo Stock Exchange. You can trade stocks of individual companies, ETFs (exchange-traded funds), and mutual funds. With Degiro, you can invest in stocks commission-free on select exchanges and with low commissions on other exchanges.

    Bonds

    Degiro offers access to various government, corporate, and high-yield bonds. You can invest in bonds from over 30 countries, with some bonds available commission-free. You can also invest in bond funds and ETFs, which provide exposure to a diversified portfolio of bonds.

    Options

    Options are derivative contracts that give you the right (but not the obligation) to buy or sell an underlying asset at a certain price within a specified timeframe. Degiro offers options trading on select exchanges with low commissions and no contract fees. You can trade options on stocks, indices, and futures.

    Futures

    Futures are derivative contracts that require you to buy or sell an underlying asset at a certain price on a specific date in the future. Degiro offers futures trading on select exchanges with low commissions and no contract fees. You can trade futures on commodities, indices, and currencies.

    CFDs

    CFDs (contracts for difference) are derivative contracts that allow you to speculate on the price movements of an underlying asset without actually owning the asset. Degiro offers CFDs on select markets, including stocks, indices, commodities, and forex. With CFDs, you can go long or short on an asset and leverage your trades for greater potential returns (although this also increases your risk).

    Degiro offers a wide range of investment options for traders and investors, with competitive pricing and access to multiple global markets. It’s important to remember that investing always involves risk, and you should carefully consider your investment goals and risk tolerance before making any trades.

    Account Types

    • Basic Account
    • Active Account
    • Trader Account

    Degiro Safety and Security

    Degiro is an online broker that offers a wide range of investment options for traders and investors. One of the most important factors to consider when choosing a broker is the safety and security of your assets. Degiro has several measures in place to ensure that customer assets are protected.

    Degiro is regulated by the Dutch Central Bank (DNB), the Netherlands Authority for the Financial Markets (AFM), and other regulatory bodies in its operating countries. This means that Degiro is subject to strict standards for financial stability, customer protection, and compliance with regulations. The fact that reputable financial authorities regulate Degiro is a strong indication that it is a trustworthy and safe platform.

    Degiro also holds customer assets in segregated accounts, separate from its assets. This means that customer funds and securities are not at risk in the event of Degiro’s insolvency or bankruptcy. The segregation of customer assets provides an added layer of protection, ensuring that customer assets are not commingled with Degiro’s assets.

    Furthermore, Degiro is a member of the Dutch Investor Protection Scheme (DGS), which protects customer assets in the event of Degiro’s bankruptcy. The DGS covers up to €20,000 per customer, providing investors peace of mind.

    Degiro also requires two-factor authentication (2FA) for all logins and trades, using a combination of password and SMS verification or an authenticator app. This adds an extra layer of security to prevent unauthorized access to your account. 2FA is a common security measure online brokers and other financial institutions use. Degiro also uses encryption and other security measures to protect customer data and prevent hacking or fraud.

    Degiro Customer Support and Education

    The brokerage offers customer support via several channels, including email, phone, and online chat. Here are some details about each option:

    Email Support

    Degiro offers email support for customers who have questions or issues. Customers can email the support team and expect a response within one business day. The support team is available in several languages, including English, Dutch, German, French, and Spanish.

    Phone Support

    Degiro also offers phone support for customers who prefer to speak to a representative directly. Phone support is available during regular business hours in the Netherlands, and the support team is available in several languages. Customers can find the phone number for their country on the Degiro website.

    Online Chat

    Degiro also offers an online chat function that allows customers to chat with a support representative in real time. The chat function is available during regular business hours in the Netherlands and is available in several languages. This is a convenient option for customers who prefer texting rather than voicing.

    In addition to these support options, Degiro has an extensive help center on its website that answers frequently asked questions (FAQs). The help center includes articles and guides on account management, trading, investing, and technical support for the website and app.

    Degiro provides a variety of educational materials for its users, which is particularly useful for new investors who are just starting. Here are some of the educational resources provided by Degiro:

    Knowledge Center

    Degiro has a knowledge center on its website that provides educational articles and videos on various investing and trading topics. The articles cover stock trading, bonds, ETFs, mutual funds, and options trading. Users can browse the knowledge center to learn more about specific topics they gain interest in.

    Webinars

    Degiro hosts webinars on its website on various investment-related topics. Industry experts present these webinars, and they are accessible to all users. The webinars cover various topics such as fundamental analysis, technical analysis, trading strategies, and more.

    Trading Platform Guides

    Degiro provides guides on using its trading platform, which is particularly helpful for new users who may be unfamiliar. The guides cover topics such as placing orders, managing positions, and using the various tools available on the platform.

    Glossary

    Degiro has a glossary on its website that provides definitions for standard investing and trading terms. This is particularly helpful for new investors who may not be familiar with the jargon people use in the investing world.

    News And Analysis

    Degiro provides news and analysis on its website, which can be helpful for investors who want to stay up-to-date on the latest market trends and news. The news section includes articles on stocks, bonds, ETFs, and more, while the analysis section provides insights on market trends and analysis of specific companies or sectors.

    Degiro provides a variety of educational materials that can be helpful for investors who want to learn more about investing and trading. The knowledge center, webinars, trading platform guides, glossary, and news and analysis sections provide valuable information to help investors make more informed decisions.

    Degiro Fees

    Degiro offers competitive trading fees for various securities, varying based on the type of security and exchange. There are no account maintenance or inactivity fees; deposit and withdrawal fees are generally accessible, except bank transfer fees. Degiro does not charge custody fees for most securities, but some mutual funds and certain ETFs may have an annual custody fee. Degiro’s fees are affordable and competitive, making it an attractive option for investors and traders.

    Fees Breakdown

    Degiro offers competitive fees for its users, making it an attractive option for investors looking for affordable trading and investment services. Here are some of the main fees to consider when using Degiro:

    Trading Fees

    Degiro charges fees for buying and selling stocks, bonds, and other securities. For example, for US stocks, Degiro charges a fee of $0.50 per contract, while for European stocks, the fee is €2.00 plus 0.03% of the transaction value.

    Account Fees

    Degiro does not charge any account maintenance or inactivity fees, making it an affordable option for long-term investors who may not trade frequently.

    Deposit And Withdrawal Fees

    Degiro does not charge any deposits or withdrawal fees except bank transfer fees. Bank transfer fees vary depending on the user’s bank and location.

    Custody Fees

    Degiro does not charge custody fees for most securities. However, for some securities, such as mutual funds and certain ETFs, Degiro may charge a small annual custody fee.

    Exchange Fees

    In addition to trading fees, Degiro also passes on exchange fees charged by the various exchanges it trades on to its users. These fees can vary depending on the exchange and the number of securities traded.

    Degiro offers its users competitive fees, particularly those who trade frequently or invest in a wide range of securities. The lack of account maintenance and inactivity fees make it an affordable option for long-term investors, while the low trading fees make it an attractive option for active traders.

    Degiro Conclusion 

    Degiro is a popular online broker that offers affordable trading and investment services for various securities, including stocks, bonds, ETFs, and more. With its user-friendly platform, low trading fees, and no account maintenance or inactivity fees, Degiro is an attractive option for new and experienced investors looking to trade and invest in various securities. While the lack of certain features, such as research and analysis tools, may not be suitable for all investors, Degiro’s focus on affordable and accessible investing makes it a strong choice for those looking to manage their investments. Overall, Degiro is a reliable and competitive online broker that provides a solid range of services for investors and traders alike.

    FAQ

    What is Degiro?

    Degiro is an online brokerage firm allowing individuals to invest in various securities, including stocks, bonds, ETFs, etc. Degiro was founded in 2008 and is based in Amsterdam, Netherlands.

    Is Degiro safe?

    Yes, Degiro is safe to use. The Dutch financial regulatory authority, AFM, and the Dutch central bank regulate it. Degiro uses advanced security measures like two-factor authentication and encryption technology to protect user data and funds.

    What are the fees for using Degiro?

    Degiro charges various fees for its services, including trading fees for buying and selling securities, exchange fees, and certain custody fees for some securities. However, there are no account maintenance or inactivity fees, and deposit and withdrawal fees are generally free, except for bank transfer fees. Fees vary depending on the type of security being traded and the exchange it is traded on.

    What investment options are available on Degiro?

    Degiro offers many investment options, including stocks, bonds, ETFs, mutual funds, options, futures, and more. Users can invest in various securities across multiple exchanges and markets, making it a flexible platform for investors with diverse investment strategies.

    Does Degiro offer educational resources for investors?

    Yes, Degiro provides a variety of educational resources for its users, including a knowledge center with articles and videos on investing and trading topics, webinars on investment-related topics presented by industry experts, trading platform guides, a glossary of investing and trading terms, and news and analysis on market trends and news. These resources are particularly helpful for new investors who are just starting.

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