DEGIRO: A Comprehensive Review of Europe’s Low-Cost Broker

brokergauge
August 31, 2023

Services Offered
Rated 3 out of 5
User Interface and Experience
Rated 3 out of 5
Fees and Commissions
Rated 3 out of 5
Customer Support
Rated 3 out of 5
Security Measures
Rated 3 out of 5

4.2/5

Overall Score

Buy Now

Quick Summary

DEGIRO integrates a fortress of security measures for the safeguarding of user data and assets. They prioritize asset protection and employ robust IT security protocols, including two-factor authentication and SSL encryption. Operating under a German banking license, DEGIRO adheres to strict regulatory oversight from prominent Dutch financial authorities. Despite the absence of specific security certifications mentioned, their commitment to safety is evident in their comprehensive approach to risk management and regulatory compliance.

Specs

Regulatory Status: BaFin (Germany) Authority for Financial Markets (Netherlands) Dutch Central Bank (prudential supervision)
Trading Offerings: Stocks, ETFs, Options, Futures, Bonds, Warrants, Leveraged Products, Cryptocurrencies
Trading Platforms:: Desktop platform, Mobile app (iOS and Android)
Unique Features: Access to over 50 global exchanges across 30 countries, Low-cost trading and commission-free trading on selected ETFs, User-friendly and intuitive trading platforms suitable for beginners and experienced traders

Pros

Low Trading Fees
Wide Range of Investment Options and Account Types
User-Friendly Interface
Transparent Fee Disclosure
Educational Resources

Cons

Limited Advanced Trading Features
Lack of Mutual Funds
Cryptocurrency Trading Fees
No Demo Account
Limited Research Tools

Unbeatable Fees

The cornerstone of DEGIRO’s appeal is its fee structure. With some of the lowest fees on the market, DEGIRO has won 86 European awards, often with cost-effectiveness as a key factor. This makes it an attractive option for both novice and experienced investors looking to maximize their returns.

Wide Range of Investment Options

DEGIRO offers access to:

Shares in 30 stock exchanges across Europe, North America, Asia, and Oceania
ETFs in 19 different stock exchanges
Bonds from 6 European exchanges
Futures and options trading in multiple exchanges

This diverse selection allows investors to build a truly global portfolio.

User-Friendly Platform

DEGIRO’s platform is designed with simplicity in mind. Both web and mobile interfaces are intuitive and easy to navigate, making it accessible for beginners while still offering the functionality that experienced traders require.

Account Types

DEGIRO offers five account types to cater to different investor needs:

Basic
Custody
Active
Trader
Day Trader

Pros and Cons

Pros

Exceptionally low fees
No minimum deposit
Easy account opening process
Wide selection of ETFs
Access to multiple international markets

Cons

Limited research and educational tools
No ISA or SIPP options for UK investors
No Forex trading
Unable to deposit funds using debit or credit cards

Safety and Regulation

DEGIRO is regulated by top-tier authorities including the Dutch AFM, DNB, and is registered with the UK’s FCA. Client assets are segregated, and investments are protected up to €100,000 under the German Investor Protection Scheme.

Rating: 8.5/10

DEGIRO earns a solid 8.5 out of 10 in our review. Here’s why:

Unparalleled low fees (9/10)
Wide range of investment options (9/10)
User-friendly platform (8/10)
Strong regulatory oversight (9/10)
Global market access (9/10)
Limited research and educational resources (7/10)
Lack of some account types (e.g., ISA, SIPP) (7/10)

DEGIRO’s commitment to low-cost trading, combined with its extensive investment options and user-friendly platform, makes it an excellent choice for cost-conscious investors. The broker’s rapid growth and continuous improvement suggest a bright future. However, the lack of advanced research tools and certain account types prevents it from achieving a perfect score.

Ready to Start Your Investment Journey?

If DEGIRO’s low-cost, diverse investment options appeal to you, why not give it a try? By signing up through our affiliate link, you’ll not only gain access to one of Europe’s leading low-cost brokers but also support our continued efforts to provide in-depth, unbiased reviews.

Click here to open your DEGIRO account today and start investing smarter!

Remember, while DEGIRO offers excellent value, it’s essential to consider your individual investment needs and goals. Always conduct your own research and consider seeking professional financial advice before making investment decisions.

⁂