DEGIRO

DEGIRO is an online stockbroker based in the Netherlands, registered at Rembrandt Tower, 9th floor, 1096 HA Amsterdam. According to our records, the firm was founded on 20 May 2020, though the company description indicates its origins as a wholesale broker in 2008 and a retail launch in September 2013. The broker operates under the brand DEGIRO, which is a trading name of the Dutch branch of flatexDEGIRO Bank AG.

DEGIRO positions itself as a low-cost provider for retail investors, offering access to multiple European and global exchanges. The firm has expanded across 18 European countries and is part of a larger banking group with a German banking license. However, our independent records show no specific regulators on file for this entity, which raises questions about direct regulatory oversight.

Our known facts indicate that DEGIRO has no regulators on file, which is a significant concern for traders prioritizing investor protection. The broker's own materials reference supervision by German BaFin and Dutch authorities (AFM/DNB) through its parent company, but this does not constitute direct regulation of the DEGIRO brand in our records. The FXCanary Scam Risk Score of 85/100 (Severe) reflects this regulatory ambiguity.

Traders should exercise caution and verify the current regulatory status independently. The absence of confirmed regulatory oversight in our data may expose clients to risks such as lack of compensation scheme coverage or dispute resolution mechanisms.

DEGIRO offers a range of investment products including stocks, ETFs, bonds, options, futures, and leveraged products. The broker emphasizes low fees, with commission structures varying by exchange. For example, US stocks cost €1 + €1 handling per trade, while Swiss stocks are CHF 5 + CHF 1. Selected ETFs are traded with €0 commission plus €1 handling.

Despite the broker's focus on securities, its product line does not prominently feature retail leveraged forex or CFD trading, which distinguishes it from typical retail forex brokers. The platform supports multiple currencies and provides margin lending and short selling services.

DEGIRO provides three main account profiles: Basic, Active, and Trader. The Basic profile has the lowest risk and simplest features, while the Trader profile offers advanced tools and higher risk options such as derivatives and margin trading. Extensions like Basic Margin and Day Trader are available to tailor the experience.

Each profile carries different risk levels, with the Trader profile allowing short selling and debit money trading. The broker emphasizes that these services involve significant risk, including the possibility of losses exceeding deposits.

DEGIRO is aimed at self-directed retail investors across Europe who seek low-cost access to a wide range of markets. The broker's no-frills, execution-only model suits independent decision-makers who do not require investment advice or portfolio management.

Given the regulatory uncertainty in our records, this broker may be more suitable for experienced traders who understand the risks and can verify its regulatory status through other channels.