DEGIRO Review

Broad product range, low prices

Pros

Cons

Contents

Introduction

DEGIRO is one of the cheapest brokers in the United Kingdom (The Telegraph). DEGIRO is based in the Netherlands and was founded in 2008. Looking at the number of transactions, DEGIRO is one of the largest broker of the UK. DEGIRO is cheap because they lend securities and they say they have less overhead costs than competitors. They also have developed the trading platform themselves.

Target audience

DEGIRO has a simple trading platform with the necessary basic functionalities, but limited analysis options. Thanks to the large range of investment products and low costs, this is the ideal broker for the cost-conscious investor who needs little information.

How is DEGIRO regulated?

DEGIRO is supervised by Netherlands Authority for the Financial Markets (AFM) and under prudential supervision by the Dutch Central Bank (DNB). In the UK, DEGIRO is regulated by the Financial Conduct Authority (FCA). DEGIRO has its registered office and statutory seat located in Amsterdam. DEGIRO is registered with the Chamber of Commerce and Industry in Amsterdam under number 34342820.

Customer experiences on Trustpilot
3.7/5

Customers are generally positive about the service, costs and clarity of the trading platform. On Trustpilot they get a score of 3.7/5 which is good. 

Securities lending

If you want to be sure that your investment is not lended to third party, choose the Custody account. In this account, securities are not lent to a third party. So you do not run the risk of losing your securities if this party goes bankrupt. If DEGIRO goes bankrupt, your funds are with a separate custody company. This means you won't lose your money in case of a bankruptcy of DEGIRO.

Trading instruments

DEGIRO's trade offer is very broad. You can invest on more than 50 exchanges worldwide, such as Euronext, Xetra, Nasdaq or NYSE. You get free real-time rates on most European stock markets. At DEGIRO you can invest in shares, ETFs, leveraged products, bonds, options and futures, investment funds.

Stocks

0
Markets

Options

0
Markets

Futures

0
Markets

Funds

0
#

Bonds

0
#

ETFs

0
#

Trading platform

The possibilities for fundamental analysis are limited. There are a few key figures per company to base an investment decision on. With 25 indicators for technical analysis, the possibilities are good. The investment platform offers 4 different order types: Limit, Market, Stop Limit and Stop Loss. You cannot use price alerts. In addition to the webtrader, you can also use the mobile app. The app is well-arranged and offers everything to invest quickly and easily on the move.

DEGIRO also offers an "Investor's academy" where you have the necessary education at your disposal. It is very clear and there are nice illustrations for easy understanding. In addition, a number of videos are available on how the investment platform works.

Different accounts

With this broker you can choose from different accounts. Except in the Custody account, DEGIRO has permission to lend your securities (“Securities lending”) to third parties. This gives, for example, the option of going short on options. However, it also entails the risk of losing investment assets if a third party goes bankrupt. When opening an account you start in the Basic account. You can then choose to switch to the Custody, Active, Trader or Day trader account. The differences between the accounts are shown in the table below.

Securities lending?
  • Derivatives
  • Leveraged products
  • Margin trading
  • Go short
  • Free real-time London Stock Exchange
  • Dividend processing
  • Trade with high risks
  • Fees

Custody

No
  • No
  • €1 + 3%

Basic

Yes
  • No
  • Free

Active

Yes
  • Till 50% of available margin
  • Free

Trader

Yes
  • Till 100% of available margin
  • Free

Day trader

Yes
  • Till more than 100% of available margin
  • Free

Fees and commissions

DEGIRO is one of the cheapest stocks and funds brokers. Below, common transactions with associated transaction costs from different brokers are compared. The amount of service fee or custody fee of different brokers is also compared. Check out the comparison page for a complete fee comparison of all brokers.

Shares £1.000

Shares £10.000

Service fee £10.000

£1.89

£3.15

£0

£2.95

£2.95

£0

£11.95

£11.95

£0

£7.99

£7.99

€9.99 PM

£9

£19

£12 PM

In short

DEGIRO is a cheap broker and has a simple trading platform. Do you have little need for information and fundamental analysis and do you want a large range of investment instruments? Then DEGIRO is the right broker for you.

Investing involves risks of losses.

£ 0
per year*

# Active investors

400,000

Money guaranteed

£20,000

Reliability

4/5

Securities lending

Yes

Mobile app

Demo account

Minimum deposit

£1

Fees

5/5

Shares

£1.75 + 0.014%

Options

€0,75

Leveraged products

£1.75 + 0.014%

Futures

€0.75

Funds or trusts

€0-€7,50+0,10%

ETFs

€2 + 0.03%

Telephone order

£8.50

Service fee

€0

Forex

CFDs

Cryptocurrencies

Customer service

4/5

Education

3/5

Usability

5/5

Trading platform

4/5

Bank transfer

Credit card

PayPal

Compare DEGIRO with other share dealing brokers

£ 0
per year*

# Active investors

400,000

Money guaranteed

£20,000

Reliability

4/5

Securities lending

Yes

Mobile app

Demo account

Minimum deposit

£1

Fees

5/5

Shares

£1.75 + 0.014%

Options

€0,75

Leveraged products

£1.75 + 0.014%

Futures

€0.75

Funds or trusts

€0-€7,50+0,10%

ETFs

€2 + 0.03%

Telephone order

£8.50

Service fee

€0

Forex

CFDs

Cryptocurrencies

Customer service

4/5

Education

3/5

Usability

5/5

Trading platform

4/5

Bank transfer

Credit card

PayPal

£ 0
per year*

# Active investors

300,000

Money guaranteed

£85,000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£1

Fees

4/5

Shares

£7.99

Options

Leveraged products

Futures

Funds or trusts

£7.99

ETFs

£7.99

Telephone order

£49

Service fee

£9.99 PM

Forex

CFDs

Cryptocurrencies

Customer service

5/5

Education

2/5

Usability

5/5

Trading platform

4/5

Bank transfer

Credit card

PayPal

£ 0
per year*

# Active investors

178,000

Money guaranteed

£85,000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£450

Fees

4/5

Shares

£3 – £8

Options

£0.10

Leveraged products

Futures

Funds or trusts

£8

ETFs

£8

Telephone order

£40

Service fee

£24 PQ – paid commissions

Forex

CFDs

Cryptocurrencies

Customer service

5/5

Education

5/5

Usability

4/5

Trading platform

5/5

Bank transfer

Credit card

PayPal

£ 0
per year*

# Active investors

100,000

Money guaranteed

€100.000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£600

Fees

4/5

Shares

0.10% min. £8

Options

$0.85

Leveraged products

Futures

£3

Funds or trusts

0.10% min. £8

ETFs

0.10% min. £8

Telephone order

£50

Service fee

0.12% min. £12 PM

Forex

CFDs

Cryptocurrencies

Customer service

3/5

Education

4/5

Usability

4/5

Trading platform

5/5

Bank transfer

Credit card

PayPal

* Estimated annual costs with £10,000 one-time investment, £100 monthly investment and an average investment profile. Investing involves risks of losses.