2013 marked the beginning of DEGIRO’s industry journey in the Netherlands. Initially, it was a wholesale internet broker, but it has since extended to nearly twenty European nations. This competitive advantage has allowed DE GIRO broker to become one of the leading brokers in Europe, offering zero to modest commissions to retail investors.
DEGIRO merged with flatex in 2020, and a year later merged with flatexDEGIRO Bank AG. This change made DEGIRO the continent’s most prominent online execution-only broker. Additionally, DEGIRO obtained a banking license. The broker has received eighty-two honors. These are among the most recent:
Pros
- Extremely Low Fees
- Premier Regulation
- User-Friendly Platforms
- Award-Winning
- No Inactivity Fees
Cons
- Limited Country Selection
- No Forex Offered
- Limited Deposit and Withdrawal Options
Who Is Recommended Degiro?
DEGIRO is proud of its user-friendly platform. Its website provides a vast information base for traders who wish to master the fundamentals (this feature is discussed in more detail in the sections below). DEGIRO is appropriate for novice and seasoned traders based on these features.
Top DEGIRO Attributes
- Transparency of Fees. DEGIRO takes pride in its open fee structure. Account holders are not charged inactivity fees or trading costs, and the list of fees is available on the Fee Schedule. According to the broker, you will not be charged for anything not shown.
- Low Costs. Where fees exist, they are low. Although you can trade stocks and several ETFs for free, DEGIRO’s commissions are cheaper than other brokers on the market.
- Large User Base. People never want to be the first to join something, and DEGIRO makes that a non-issue. With a user base of two million, this broker has a substantial presence in its business. The broker is one of Europe’s leading companies.
- Award-Winning. As stated in the broker’s introduction, DEGIRO has received eighty-two accolades for its service. This should reassure anyone seeking a broker with a stellar industry reputation.
- Confidential Technology. DEGIRO offers its proprietary platform to traders with a user-friendly interface and other useful features, as described in greater detail below.
DEGIRO Dependability & Safety
The dependability of a broker is frequently determined by the platform it employs. Ultimately, a faulty platform will render the trading process ineffective. Fortunately, this is not the case with DEGIRO, which utilizes a superb, feature-rich, and user-friendly proprietary platform.
You have extensive order capabilities and access to streaming quotes, your portfolio, and market news via the site. This desktop platform is user-friendly, as it features a rapid order window that allows you to place orders by desired order value or quantity of stocks.
On Euronext, you can invest globally, monitor the bid-ask spread up to ten levels, and select from many order forms. Individualization is also possible, as you can create your favorites list and read customized news about the assets in your portfolio. All of these characteristics contribute to dependable and uncomplicated trading.
DEGIRO User Experience
Viewing internet ratings is one method for determining how users feel about a broker. In the trading sector, star ratings are frequently used to determine whether consumers consider a broker positively or negatively. As seen in the table below, DEGIRO appears to have received positive feedback from its users, indicating a positive user experience.
Can 2-step Verification be Enabled on YOUR account?
Yes, DEGIRO supports Google’s two-step verification for users that desire this additional security measure. To enable it, visit your account settings and follow the on-screen instructions. If the authentication needs to be reset, contact the DEGIRO service desk.
What are the Prerequisites for Opening an Account?
A: You must be at least 18 years old and present a valid form of identification. Additionally, it would help if you had a tax and physical domicile in addition to a bank account in one of DEGIRO’s recognized nations (of which there are eighteen). Switzerland, the United Kingdom, Sweden, Spain, Portugal, Poland, Norway, the Netherlands, Italy, Ireland, Hungary, Greece, Germany, France, Finland, Denmark, the Czech Republic, Belgium, and Austria are among the accepted countries.
Final Considerations on DEGIRO
DEGIRO has received numerous accolades which speak for themselves. This broker’s minimal costs and customized trading platform are two of its greatest strengths. Even if there are some restrictions on assets and deposit and withdrawal options, this is a solid broker if you reside in one of the permitted countries.
Is There a Paper Trading App?
Best paper trading app is a virtual trading platform for testing stock and cryptocurrency investment techniques. Learn how the stock market operates and practice trading without incurring any risk. You will begin with a virtual balance of $100,000 for trading practice purposes only. No more simplistic stock and FX simulators!