About DEGIRO
Company Overview
DEGIRO is an online brokerage platform headquartered in Amsterdam, Netherlands, at Rembrandt Tower. According to our records, it was established on March 14, 2022, although the broker's own history suggests operations since 2013. The company describes itself as Europe's leading broker, aiming to make investing accessible to everyone through low fees and a user-friendly platform.
The broker offers a range of financial instruments including shares, bonds, ETFs, options, futures, and cryptocurrencies. It caters to both novice and experienced investors, with four account profiles tailored to different risk appetites and trading frequencies.
Regulatory Status and Licenses
Our known facts indicate that DEGIRO is not regulated by any financial authority, which is a significant concern. However, the broker's own documentation, such as the 'Nadere Informatie Beleggingsdiensten' PDF, claims to be regulated by the German BaFin and the Dutch AFM and DNB as a branch of flatexDEGIRO Bank AG. This contradiction raises red flags.
Traders should independently verify the broker's regulatory status through official registers. The absence of regulatory oversight would mean no investor compensation scheme protection, such as the Dutch deposit guarantee or the German Entschädigungseinrichtung der Wertpapierhandelsunternehmen (EdW).
Account Types and Fees
DEGIRO offers four account profiles: Basic, Active, Trader, and Day Trader, each with different risk levels and trading capabilities. The Basic profile is suitable for long-term investors, while Day Trader is for high-frequency traders. All accounts can access the same instruments but with varying margin and derivative permissions.
The broker advertises low fees, with no account opening or maintenance costs. Trading commissions start at €1 per transaction for US stocks and €2 for Euronext Amsterdam, plus a handling fee of €1. A selection of ETFs trades with zero commission. Cryptocurrency trading carries a 0.29% fee. There are also currency conversion costs and potential other fees.
Platform and Technology
DEGIRO provides a proprietary trading platform available via web browser and mobile app. The platform offers real-time market data, news, ESG ratings, analyst consensus, and advanced order types including limit and stop orders. Two-factor authentication is available for security.
The broker also provides a helpdesk with FAQ and documents on fees, account profiles, and services. The platform is designed for self-directed investors and does not offer advisory services, being execution-only.
Instruments Available
DEGIRO claims access to a wide range of instruments across global markets: stocks from Euronext, US exchanges, and other international venues; ETFs including a core selection; bonds; investment funds; options and futures on equities and indices; and cryptocurrencies. The broker does not appear to offer leveraged forex or CFD products, focusing instead on traditional securities and derivatives.
The availability of cryptocurrency trading is notable, albeit with a relatively high commission compared to dedicated crypto exchanges.
Target Audience
DEGIRO primarily targets European retail investors seeking low-cost access to global markets. Its simplified pricing and user-friendly platform appeal to beginners, while advanced traders can use the Trader and Day Trader profiles with margin and short selling. However, the lack of regulatory clarity may deter risk-averse investors.
The broker claims over 2 million clients (as stated on its site), indicating significant adoption in the Netherlands and beyond.
Overview compiled by FXCanary from regulatory records and public data. full DEGIRO review