Last Updated on 5 November 2023 by CryptoTips.eu
DEGIRO Review
For years now, DEGIRO has made waves in the stock market world. And it’s now time to do a DEGIRO review in 2024. Without a doubt, DEGIRO happens to be among the best stock broker sites in the world today. That’s all thanks to its impressive interface and simplicity. And that’s not all! There’s a lot behind this fantastic website.
Do you even know what DEGIRO is? Well, if not, then you’ve come to the right place. In this DEGIRO review for 2024, we will take you through some of the critical information that you need to know before creating an account on this site. Let’s get started!
Note: even though we’re a crypto website, we also want to cover other investment projects. DEGIRO is strictly a regulated stock broker and has nothing to do with cryptocurrency. Investing involves risks of loss.
Incredibly low trading fees for stocks, ETFs, Options and Futures
What is DEGIRO?
DEGIRO is an online stock broker service company that was launched back in 2013 in the Netherlands. Since its launch, DEGIRO has grown to great heights, offering some of the best stock broker services in the world. What’s more, the company expanded to over eighteen European countries hence giving other retail investors in the region a chance to trade stocks on a regulated broker. They received 65 international broker awards since 2013.
The company offers competitive fees to its clients, giving DEGIRO an edge over its competitors. More importantly, DEGIRO also provides a range of trading tools, both advanced and beginner level tools. On top of that, DEGIRO offers educational material for its customers to perfect their trading skills. What more could you ask for in a stock broker service company?
DEGIRO’s critical mission is to provide financial services to all investors in the world. And sure enough, this company is on its way to become a legend in the stock broker realm. They also believe in transparency, which shows in their platform. All fees and risks involved in any trade are readily available. There are no extra charges that you will incur other than the ones listed on their website. This company has maintained complete transparency to its clients, a rare commodity in the stock world.
Why choose DEGIRO?
Aside from the fact that DEGIRO offers some of the best features in the online stock brokerage business, other benefits come with trading on DEGIRO. They include:
Advanced trading platform
DEGIRO has several types of trading platforms for its users. Additionally, the interface is relatively easy to navigate, even if you have very little knowledge of stock trading. That means the platform is designed for both newbies and advanced traders. Whether you are a scalper or a long trader, DEGIRO can be a great choice for you.
What’s more, this platform takes security to the next level. That helps you to keep your trades and investments safe from hackers and fraud. The platform also translated their website to 18 languages to cater all traders.
With DEGIRO, you can quickly enter the market with a straightforward click of a button. The website is also flawless, and you can navigate from one pair to the next easily.
50 stock exchanges
DEGIRO grants access to over 50 worldwide stock exchanges and hundreds of pairs in 30 contries. Unfortunately, the platform doesn’t facilitate forex, binary options, CFDs or cryptocurrencies. But it gives you access to some of the best exchanges in the world, including Euronext, Börse Frankfurt, London Stock Exchange, NASDAQ and Toronto Stock Exchange.
iOS and Android App
DEGIRO has a mobile application that makes it easy to access the market using your smartphone. The idea of the mobile app is based on simplicity; even a rookie in the trading industry will understand this platform. That’s because it’s pretty straightforward.
With the mobile app, you can enter the market in a matter of seconds once you’ve done your analysis. You will also get real-time updates on the application on the price of a particular stock. What’s more, the application has trading tools that you can utilize without necessarily using your laptop.
Extremely low and transparent fees
Another unique selling point of DEGIRO are the extremely low fees. It’s something that you find everywhere on the website. For every trade you do, you can see the (estimated) fee you pay for that transaction. And yes, it’s really cheap. You can check the comparison tables on the website.
Education
DEGIRO also offers trading lessons to its audience to learn how to invest in the market without losing their capital. The trading classes cover order types, financial products, and price determination. On top of that, you also learn about different strategies that you can implement while trading.
Each of these lessons has a video tutorial to give you a more vivid experience of being in a class. The video helps to explain some of the complex trading strategies paramount to your success in the market.
DEGIRO Review: Advanced tools
In this platform, you have access to various tools that will potentially help you to predict when to enter and exit the market. The DEGIRO education class explains how to use these tools on its platform. You also get access to 50 different exchanges from various countries. They include bonds, stocks, ETFs, among others.
Incredibly low trading fees for stocks, ETFs, Options and Futures
How to create an account?
Opening an account on DEGIRO is quite simple. That’s all thanks to their interactive yet easy to use platform. In fact, the registration of your account will take less than 10 minutes. What’s more, creating an account on this platform doesn’t require any minimum deposit:
- Go to DEGIRO’s website.
- Then click on Open an Account.
- The platform will redirect you to a form where you will have to create an username, email, and password.
- The next step is to verify your email address. Afterward, you will need to verify your passport or use your identity card. They don’t accept driver’s licenses.
- That’s it! Once your account is verified, you can add funds and trade.
Our account was verified almost instantly and looks automated. In some rare cases it can take a bit longer.
How to get started with DEGIRO?
Are you new to DEGIRO? This is how you get started.
Depositing funds to DEGIRO
DEGIRO offers various deposit methods:
- Bank Transfer (free)
- SOFORT Banking
- iDEAL (free)
- Trustly
Withdrawing your funds can be easily done by bank transfer to your IBAN bank account.
Thankfully, there are no fees for withdrawals, but there can be a small fee for deposits. Typically, when you withdraw, the funds will arrive in your account within four business days. Unfortunately, the platform doesn’t accept any third-party withdrawals.
That means all the funds that are deposited to your account must be withdrawn to the same name and same bank account. What’s more, the account also offers different currency options.
How to use DEGIRO?
Once your account is up and running, using this platform is relatively easy. However, if this is your first-time experience trading, it’s probably a good idea to learn through the DEGIRO education process before you start to trade. That’s because you could potentially suffer losses if you are dealing with an untrained eye. The Web and mobile applications of DEGIRO resemble each other.
How to buy a stock:
How to buy a stock:- Log in to your DEGIRO account.
- Search a stock you’re interested in and click on it.
- A dedicated stock page will show with all the technical indicators, volumes and pricing data.
- To buy a stock (after your research), you can click the Buy button.
- You can decide in the order window to open a Limit Order, Market Order, Stoploss or Stoplimit order.
- Select a Limit Order if you want to buy a stock at a desired price.
- Select a Market Order if you want to buy a stock for the current market price.
- Click buy to go to the order confirmation screen.
- Approve the order to place the order.
When you chose for a Market Order, your will be executed immediately. When you chose a Limit Order, you have to wait until your desired price is reached.
Trading products Offered by DEGIRO
- Shares
- Investment Funds
- Futures
- ETFs
- Bonds
- Leveraged Products
Incredibly low trading fees for stocks, ETFs, Options and Futures
DEGIRO fees
There are no service fees for your account and there’s also no inactivity fee. DEGIRO does charge a small fee for some (instant) deposit methods, but there’s always a free option. Withdrawals are always free.
The DEGIRO fee for trades depend on the trading product and the stock exchanges. This is extremely variable, so we have to refer you to the website to calculate the exact fees: https://www.degiro.co.uk/fees/compare-brokers
The estimated costs are shown with every order you place. On top of that there’s a foreign currency spread of 0.10%.
How is DEGIRO regulated?
Without a doubt, DEGIRO is one of the fastest-growing platforms in Europe, and it’s licensed by AFM (Autoriteit Financiële Markten / Financial Markets Authority) in the Netherlands. That ensures DEGIRO can operate as an investment company in the Netherlands. What’s more, it also proves the authenticity of the DEGIRO platform.
Is DEGIRO safe?
Of course, DEGIRO is a safe place to trade. DEGIRO is fully committed to ensuring the company provides an optimum trading environment for its customers worldwide. DEGIRO’s technical team places an extra emphasis on securing its customer’s investments. One of the ways that DEGIRO achieves that is through their newly introduced 2-Factor Authenticator process. The company utilizes a separate entity to store the client’s assets in a different account. That typically means you can’t use your funds for any other purpose.
DEGIRO is also awarded with over 65 international awards. Winning awards like Best Broker for Stock Trading and Best Discount Broker in 2020.
Incredibly low trading fees for stocks, ETFs, Options and Futures
Final Thoughts
Hands down! DEGIRO is arguably one of the best broker companies to exist in Europe. It ensures that you have a conducive environment to conduct your trades. The platform is also relatively easy to understand. And in the unlikely event, you don’t know how to start trading; the company also offers an education class for their clients.
With DEGIRO, you will get access to real-time prices from some of the major global markets in the world on your smartphone or laptop. Typically, you can trade on your smartphone with just one simple click. Unfortunately, the platform doesn’t have cryptocurrency or forex trading. But who knows! DEGIRO is growing fast, and maybe they might offer these markets soon. That makes the end of our DEGIRO review.
Do you want to share your own DEGIRO review? Please leave your own experience below.
Contact details:
DEGIRO BV
Rembrandt Tower
9th floor
096 HA Amsterdam
The Netherlands
Company number:
34342820
Registered with the register of the Dutch AFM.
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