DeGiro review (2021) Review

DEGIRO is a German-Dutch online broker established in 2008. They merged with flatexDEGIRO Bank AG in early 2021, creating one of the biggest online execution-only brokers in Europe with its own banking license. Regulated by the Financial Conduct Authority. Forex trading is not available, and no demo account. Their fees for trading individual stocks in the UK, Europe, and the United States are lower than most offerings from other brokers.

main homepage

What can be traded

You can access many markets and trade a lot of different products except for CFD and forex.

  • Shares
  • ETF`s
  • Currencies
  • Bonds
  • Options
  • Futures

 

simple menus are advantageous

I found nothing about accounts offered on their website. In other reviews I found out they had several accounts:

  • Custody
  • Basic
  • Active
  • Trader
  • Day Trader

Broker regulation

DEGIRO, is the Dutch branch of flatexDEGIRO Bank AG. As a German regulated bank, flatexDEGIRO Bank AG is primarily supervised by the German financial regulator, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Information about the regulation is transparent, on their website.

Demo account

A demo account is one of the best educational tools. You learn to trade on an account that simulates a live one. You have the same conditions, platforms and views. Accounts usually come pre-loaded with virtual money, they are usually free, and some are only for a limited time. With DeGiro, unfortunately, you cannot take advantage of a demo account.

 

Broker fees

The broker fees are immediately found on their website under the “Investing” tab. They have low trading fees for all asset classes. Non-trading fees are also low. There are no inactivity or withdrawal fees and as a promotional offer for new clients, they will give a refund of transaction fees up to €50.

Registration process

The account opening process is fast, fully digital, and no minimum deposit is required. The “open account” button is permanent, in the top menu of the website, so you can join any time. You need to fill in a short form with your email and username. That`s all.  At the same time, you receive an email, with an activation link.

To register, receive an email and get verified took only a minute. Very fast. After being verified, get your passport, IBAN and smartphone ready to log in.

 

Brokers website

First, you need to choose, what country you`re in, to get onto the right website. After doing so, you have one of the simplest websites on Earth, I`d say. Only a few words, few pictures and a very simple design.

Many possible countries to trade from

They chose white and blue, which is fine, and the web is functional and quite intuitive I`d say. At the top you have the main menu, where you can go through:

  • Investing
  • Platform
  • Knowledge
  • About DeGiro
  • Help

I found no information about the accounts offered. I had to go through other reviews to find this information out. They have their pros highlighted well on the main page, also their awards and also the fact, that they are proud sponsors of the football club Borussia Mönchengladbach.

sponsorship

Proud sponsor of Borussia Monchengladbach

In the “knowledge” tab you`ll find the Investors academy, strategies or their blog. The Investors academy is where you will learn what investing is, how it works and which products you can invest in. There are 10 lessons to get you started.

The „knowledge“ tab

Social networks

You may follow them on Facebook, Twitter, Linked In or Instagram. On Facebook, they don’t post every day, but a couple of times a week. They usually post news, analysis and so on. They have over 15000 followers. The same activity is on Twitter and pretty much the same number of followers too.

more or less active Twitter

Advantages and disadvantages of DeGiro

I`d say DeGiro broker is a good choice if you want a simple platform and don’t want to spend too much on fees. Everything about this broker is just very simple. Simple website, simple market, simple design etc. It was so simple I found it difficult to find any information about their accounts, they don’t offer a demo, although their educational support isn’t bad at all. There is no minimum deposit and no inactivity fee, but their research tools are very limited too.

 

Cons:

  • No demo account
  • No Forex trading
  • Most clients can only deposit and withdraw by bank transfer
  • Only email contact

 

Pros:

  • Simplicity
  • $0 deposit
  • Low costs
  • Regulated

Pros / Cons
  • simplicity
  • no deposit
  • low cost
  • regulated
  • NO Demo account
  • only email address
  • No forex trading

Everything about this broker is just very simple. Simple website, simple market, simple design etc. It was so simple I found it difficult to find any information about their accounts, they don't offer a demo account.