Degiro is a wholesale ETF brokerage that was founded in 2008 but began broker operations in 2013. It started up from Netherlands but has expanded to 18 European countries. They claim to have the lowest charges when compared to other brokers. Degiro boasts of 250,000 clients from all over the world and have the capability to grant clients access to 60 exchanges in 30 different countries.
Degiro is supervised by the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). They are also authorized and regulated by the Financial Conduct Authority (FCA) in the UK.
- Topmost European ETF broker
- Double regulation from AFM & FCA
- Portfolio transfers within, into and out
- 2 million products, 6,000 ETFs & more
Overview
- 1. ETF Trading Offers: Trade Up to 6000 ETFs
- 2. Degiro Exchanges & Trading Centres
- 3. Trading Conditions: Fees are the lowest around
- 4. ETF Trading Platform & Mobile Trading – A Web-based Platform for You
- 5. Usability of the Website: Clean, Visually Appealing Interface
- 6. Customer Support: Responsive Customer Service in Your Language
- 7. Methods of Payment: Restricted Options for Traders
- 8. Additional Offers: Not Much is Provided on Degiro
- 9. Licensing & Deposit Protection: Your Funds are Safe with Degiro
- 10. Awards: Trade with an Award-Winning Company
- 11. Conclusion: ETF Trading is Low Cost on Degiro
Trader Rating Total
90
Netherlands (AFM)
740
No
0 GBP
1,75 GBP + 0,004%
No
Yes
£ 0
Conclusion: ETF Trading is Low Cost on Degiro
Degiro is a fully licensed and regulated brokerage firm that started in 2008 in the Netherlands, but has increased its presence to 18 countries. They are a good broker with much focus on providing very cheap and affordable trading for their clients. They boldly claim that their fees are about 85% lower than that of local competitors. This makes them one of the most competitive ETF trading platforms in the world.
With about 2 million trading instruments and access to 60 exchanges in 30 countries, Degiro is surely a leading online broker in the world today. Already, they boast of over 250,000 investors on their platform. They offer about 6,000 ETFs, Equities, Funds, Bonds, Options, Futures and Cryptocurrencies.
The payment methods available are limited to bank accounts and the Sofort payment system in selected European countries. Unlike most brokers, Degiro does not accept credit card payments and e-wallet payments.
The trading platform available is good and gets the job done. But, when compared to other top brokers, the platform is just basic and cannot be customized. No bonuses are awarded to customers but the trading charges are very low.
Degiro ETF brokers has one major focus of providing very low charges. Bank accounts are used for verification purposes, so you must have a bank account to be able to trade with Degiro.
Strengths
- Degiro is fully registered and regulated in different countries
- Over 2,000,000 trading instruments available for trading from different exchanges.
- This broker has very low commissions and trading charges when compared to competitors.
- Security of funds is guaranteed.
- Very efficient customer support.
Weaknesses
- Traders are limited by country of residence.
- Degiro does not provide training to their clients.
- Their payment options are grossly inadequate.
- No Demo accounts which is valuable for practice purposes.