Degiro Review – Online Platforms, Commission, Leverage, Account Types, Features & more

Degiro is a Dutch company that has made a reputation as one of the best forex trading brokers in the market right now.

They are arguably one of the best when it comes to fees, commissions, or spreads. Also, it is an online broker where you can open an account very quickly.

They offer a decent number of financial assets for trading, and their trading platforms are mostly considered an industry standard.

Even though some traders do raise a few questions on the research and advisory segment, and if you are a new trader, there aren’t many educational materials you will find to sharpen your trading skills, the customer support team is quick and active.

So, today we will explore various aspects of the company to determine whether or not you should opt for Degiro as your broker agency.

About Degiro & Accepted Countries

Established in the year 2008, Degiro is a worldwide company with headquarters in the Netherlands.

We will talk about the regulator later, but just for now, it is the Dutch Central Bank and the Authority for Financial Markets who regulate the company.

The company has made steady progress over the years and continued to dominate the online trading market with its global client base of over 600,000.

Degiro has its global reach to various countries such as Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and many more.

The most significant factor about Degiro is the fee structure, which we will discuss later.

There are indeed some loopholes in the company but despite that, they have been a major player in the trading industry.

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Degiro Trading Platforms

Degiro provides a web trading platform, which you can access from any web browser like Google Chrome, Mozilla Firefox, and many more.

Unlike some other brokers, Degiro doesn’t offer a desktop version trading platform. So, let us know some of the appealing factors of the web version now:

• Degiro follows a simplistic approach when it comes to the User Interface of the trading platform. For a new trader, all the options and features are easy to find, and navigation is pretty smooth. However, there are some nit-picks about some advanced features, which the platform lacks.
• One of the key factors that Degiro particularly focussed on is security. While you log in for the first time, you can set either one-step or two-step authentication security. The best part is Google Authenticator option is available on the two-step security.
• The platform has a useful search feature that can quickly find any available asset class.
• When it comes to placing an order, it is brilliant as all the core features are available in one place. So, you can trade in Limit or Market type, and set Stop-Loss and Stop-Limit options. You can also set trading terms as either Good-till-cancelled (GTC) or Day options.
• Degiro has all the built-in functions to get every kind of alert and notification about your favorite assets, or overall market conditions.
• The portfolio segment is thorough and user-friendly to deal with.
• You can see the entire fees report on the trading platform. Degiro maintains transparency while doing so.

Degiro Mobile App

Similar to the web version, the mobile version also has a simplistic approach where the traders can deal with assets on the go.

Now, let us check some of the features and information about the mobile trading app:

• First and foremost, it is available in both the Android and iOS platform. So, you can expect more number of people can use it. You can, however, download it from either of two ways. You can go to the respective app stores, i.e. Google Playstore and the Apple Store, or you can download it from Degiro’s official website.
• The UI of the app is user-friendly with easy navigation and easy-to-find options.
• As the core trading options are pretty handy, you can trade quickly.
• The order management is well-curated and will give you detailed information on your trading activities.
• You can open, close, or edit positions quickly and efficiently in this app.
• One-Click trading is available here.
• You will get real-time updates of your favourite assets.
• There are more than 100 instruments that you can choose from to trade.
• There are robust charting tools available to use.

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Degiro Commission or Brokerage

Most experts appreciate the efforts that Degiro puts to provide a competitive fee structure. Let us learn about them in details:

• Degiro typically follows two approaches – non-trading and low trading fees. Now, the best part is whatever asset you choose for trading: they find the best offer for you.
• It is always good news for any buy-and-hold investor that Degiro offers some ETFs free trading for a month. However, if you are an Intraday trader, not much of a deal for you.
• If you trade over £1,500, for any UK stocks, you have to pay a commission of £0.46, whereas that fee is £1.92 and £4.29 for any US and German stock respectively.
• There is pretty much an exclusive fee, which they charge called Exchange Connectivity, which is a maximum of 0.25%. We urge you to have a word with the support team for more clarification and the exact price that you have to pay.
• There is a currency conversion fee of a maximum of 0.1%.

Degiro Exposure or Leverage

Leverages are always variable in most cases. There are tons of factors that either causes a rise or fall in the leverage ratios.

The likes of individual experience, previous trading records, and customer loyalty are a few examples.

Meanwhile, the maximum leverage that Degiro offers is 1:300. That is, of course, if you are a pro-account user. We will learn more about the accounts later.

Payment Methods provided by Degiro

Mode of payment is where some of the traders show a bit of annoyance. The choices to deposit or withdraw your fund are mostly, a few.

Let us take a look first:

Now, not everything about the payment terms is negative. Better take a look at them:

• Where more online broker charges a deposit fee, Degiro charges none. You are free to deposit any amount.
• You can only withdraw your funds using Bank Transfers, which usually takes up to 3 business days. That said, stats show that most transaction completes in 1 day.
• Degiro prohibits any such transaction where the account holder’s name is not yours. It is a standard security protocol they follow. Also, they do verification from their end before they permit a withdrawal process.

Find out Payment Methods provided by other Forex Brokers

Investment in Asset Classes or Markets by Degiro

Degiro is considered to be one of the best when it comes to offering financial assets for trading. Let us check out what those are:

• With Degiro, you can trade over 30 stock exchanges worldwide and can deal with more than 5000 reputed company stocks (ETFs).
• You can choose from over 64 fund providers, which is not much compared to most companies, but those are quality service providers.
• When it comes to bonds, the company offers a catalog of 649 corporate and government bonds.
• Degiro doesn’t feel shy about offering Options. As a matter of fact, they are linked with 12 top-tier Options markets.
• Futures is also on their service list with links to 14 Futures markets.
• You can also choose from two cryptocurrencies for trading.

Degiro Virtual Trading Account or Demo Account

The absence of a Demo account is not a major issue if you are a seasoned trader. It is a significant issue if you are a new trader, especially when you can see most online brokers provide one.

Degiro Offers or Deals

Degiro offers a referral bonus plan. So, Degiro provides referral offers, where you can get £20 credited to your account every time your referred person joins the company.

Prior to this, no other promotional offers can be found. Of course, a company can provide offers anytime. So, we suggest keeping an eye on the company website.

Degiro Regulation or Licensing

When it comes to company legitimacy, the company is well-covered. Take a look at some useful terms below:

• Primarily, the company is regulated by the Dutch Central Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM).
• In the UK, the Financial Conduct Authority (FCA) regulates the company.
• The company maintains a fair, transparent, and honest trading practice to keep the regulators in its favor.
• As an investor, you are covered with up to £20,000 as protection against your assets.

Find out Regulations & Licensing of more Forex Brokers

Degiro Features

Now when you have a glimpse of how Degiro operates, it is time, we take a look at some of its useful features:

• You can do trading seamlessly from one platform to another, i.e. from the web trading platform to the mobile app.
• On both the trading platforms, you can get recent significant news and updates about various impactful companies. They call this feature “stocks to watch.” Over here, you will also get a summary of trading volumes, and many more.
• You can check on the “Dark Mode” if you feel monotonous.
• The trading platforms do remember your previous trading activities. So, based on that, it gives suggestions and alerts.

Degiro Account Types

Let us check out what are the various kinds of account Degiro is offering:

Custody Account: A Custody account is a starter account that has minimum privileges. So, you can trade shares, investment funds, bonds, and trackers (ETFs).

Sure, there are plenty of limitations on this account which you can also avail of on other accounts.

Basic Account: While you are on the Basic account, you can trade on leveraged products and warrants.

Of course, all the benefits which are there on the Custody account is also available in this account.

Active Account: On this account, you can trade up to 50% of your available margin while you are buying.

You can also use short trading on this account. Needless to say, that you will get all the benefits of the other two accounts we have discussed.

Trader Account: You can trade using 100% of your margin money while you own a Trader account. On top of that, you can also be eligible for free dividends and coupons.

Day Trader Account: While you can trade using 100% margin money, you can also buy or sell derivatives.

There are additional margins in the offering too if you choose to work in the Day-Traders account.

Degiro Trading Account Features

Check below all the trading account features under various account types:

Degiro – Research & Advisory

Find below all the different reports and support provided by its Research & Advisory team:

Degiro Benefits

It is time we take a look at all those significant reasons why you should join Degiro:

• You can open an account with minimum formalities.
• The fees and commissions you are paying are minimal.
• The customer care service is decent.
• You can get a wide array of markets and services.
• The mobile trading app is user-friendly.
• The minimum deposit amount is minimal.
• There are no account inactivity fees.
• To maintain your accounts, you don’t need to pay any fee.
• You can make withdrawals for free.
• You can select from various base currencies.
• The login process is covered with 2-factor authentication.
• You will get Transparent fee reports on the trading platforms.
• The search feature is robust.
• There are educational videos available.
• There are trading platform tutorials available.

Degiro Cons or Drawbacks

You should also check out the company drawbacks:

• Minimal support in educational videos.
• You can’t trade forex.
• The debit or credit card mode of payment is unavailable.
• There is no mode of payments for Withdrawal apart from bank transfers.

Degiro Trading Hours

The trading market is open in various time zones for the respective country you are in. The Degiro support team, however, is ready to serve you 24×7.

So, please confirm the trading hours of the stock exchange you are interested in.

Degiro Customer Care or Contact Details

You can contact Degiro by:

• European customer service number: +44 20 3695 7834.
• Email: clients@degiro.co.uk.

Degiro Safety & Security

Please check out the security aspects:

• There are encryptions enabled on both trading platforms.
• You can use the 2-step verification while logging in.
• As an investor, you can get up to £20,000 coverage. Of course, the funds of the clients are segregated.

Degiro Rating & Reviews by Top10StockBroker

Based on different users and their experiences below are the company rating and reviews:

Degiro Forex Trading – Conclusion or Verdict

There is a whole heap of pros and cons that you should consider before you make a final decision.

We, however, overlook the rest and focus on three things – the security aspect, which is covered, the price point, which is most reasonable, and the number of clients the company has, whom they trust.

So, we believe you should consider Degiro once.

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