Review of DEGIRO - stock broker

DEGIRO

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Founded in 2013 in Holland, DEGIRO is a discount stock brokerage firm that offers traders and investors in over 19 countries very low transaction fees for investments on over 50 stock exchanges, spread across 30 different countries via a trading platform suitable for all types of investors.

Degiro's mission is "to provide added value by developing affordable and tailor-made financial services for investors around the world". Their vision? To combine technology and financial knowledge to create high quality, profitable financial services for all.

DEGIRO is widely acknowledged as one of Europe's cheapest and best online brokers, having won over 66 international awards:

  • Best low cost broker in 2017 and 2019, (Financial Times and the Investors Chronicle - UK)
  • Best mobile app in 2017 and 2019 (Financial Times and Investors Chronicle - UK)
  • Cheapest online broker in France in 2014, 2015, 2016 and 2017 (Investir magazine - France)
  • Best stock broker in 2019 (Rankia - Portugal)
  • Best broker in 2016, 2017, 2018 and 2019 (Rankia - Spain)
  • Best online broker in 2016, 2017, 2018 and 2019 (Golden Bull Awards - Holland)
  • Best broker in 2018 (Danish Shareholders Association - Denmark)
  • and many others

DEGIRO is an innovative broker that implements the latest technologies to ensure it stays at the forefront of the trading industry. In addition to highly competitive pricing and a wide selection of markets, they have an in-house development team that produces innovative trading tools tailored to its clients' needs.

Whereas some competing brokers only provide access to the US or European stock exchanges, Degiro clients have access to markets worldwide. This allows traders to benefit from greater investment portfolio diversity.

DEGIRO: regulation

FlatexDEGIRO Bank Dutch Branch, which operates under the name DEGIRO, is the Dutch branch of flatexDEGIRO Bank AG. As a regulated German bank, FlatexDEGIRO Bank AG is primarily supervised by the German financial regulator: Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin).

Bafin is the German equivalent of the Dutch Financial Market Authority. In addition, FlatexDEGIRO Bank AG is under the indirect supervision of the European Central Bank (ECB).

In the Netherlands, the Dutch central bank (DNB) is in charge of supervising Degiro's integrity.

DEGIRO is committed to providing its clients with a secure transaction environment. Data protection and the safekeeping of client assets are also of primary importance.

DEGIRO's clients' assets are segregated in separate entities and therefore protected from DEGIRO's insolvency. In the unlikely event that segregated assets cannot be returned to clients, DEGIRO falls under the German investor compensation scheme, which compensates any loss resulting from the non-return of assets up to 90% (with a maximum of €20,000).

In addition, any money deposited in a DEGIRO cash account with FlatexDEGIRO Bank AG will be guaranteed up to an amount of €100,000 under Germany's deposit guarantee system.

DEGIRO's trading platform

DEGIRO offers its very own proprietary trading platform, from which you can access your portfolio, follow prices in real-time, market news and place a wide range of stock market orders.

The WebTrader platform is very user-friendly and has a full range of tools. It works directly in most modern web browsers and doesn't require any download or software installation.

DEGIRO trading platforms

  • Quick trading: the platform reacts instantly, so you can place orders quickly and easily using the "QuickOrder" button which is located at the top of every page.
  • Real time stock quotes: the platform displays stock prices of the main global stock exchanges in real time.
  • Order book: the platform allows you to view the depth of the Euronext order book (up to 10 levels).
  • Trading orders: trading orders can be placed easily and quickly depending on the number of shares or the total value of the order. This lets you know the exact amount of shares you can buy or sell.
  • Favorite list: you can create a list of the stocks you want to monitor.

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DEGIRO: mobile trading app

DEGIRO's award-winning mobile trading app is available for free for Android and iOS devices. It is suitable for both beginners and advanced traders alike, with very good reviews and high scores from thousands of users.

The mobile app is useful for those who need to monitor their portfolio and place orders on the go. It displays real-time quotes, stock market news and maintains the same trading features as the WebTrader platform.

Among the awards won by the DEGIRO mobile app, we can mention the 2017 Best mobile stock trading app (Financial Times & Investors Chronicle) and the 2018 Best mobile trading app (Investment Trends).

DEGIRO: trading instruments

DEGIRO allows you to invest in over 50 global stock exchanges, spread across 30 different countries. This includes stocks, ETFs, investment funds, bonds, options, warrants, futures and leveraged products.

DEGIRO: types of trading orders

DEGIRO: Types of orders

DEGIRO: trading accounts and fees

DEGIRO provides everyday investors with access to the low transaction fees enjoyed by professionals. On the website, you can see the savings you can have compared with the other major brokers.

The fees vary depending on the market and the asset traded, as well as whether you are a client with a basic, active, or trader account. You will find a complete and up-to-date list of DEGIRO's prices on its website, in the price list.

There are no inactivity fees or minimum trading limits imposed. There are also no annual account maintenance fees or custody fees!

DEGIRO doesn't offer demo accounts, as opening an account with them is very quick, with no minimum deposit requirement.

As brokerage fees can vary and change, there may be additional fees that are not listed in this review. It is recommended that you verify and understand all the most recent information before opening an account.

Example of DEGIRO's brokerage fees (buying and selling of international stocks):

Tarifs DEGIRO

DEGIRO: conclusion

DEGIRO is a well established and regulated stock broker that offers very low fees and a wide range of assets to trade via an intuitive proprietary trading platform. It has won numerous awards and continues to grow, serving traders and investors everywhere.

Investing involves risks. You may lose (part of) your deposit. DEGIRO advises you to invest only in financial products that match both your knowledge and experience.

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