DEGIRO broker review: main aspects of their service

Regulation and security

DEGIRO is regulated by the Dutch Financial Markets Commission (AFM) and registered with the Dutch Central Bank (DNB), which ensures strict control and protection of client assets. The website says that the company’s activities are licensed by BaFin, but there is no information about DEGIRO on the regulator’s website. The broker uses segregated accounts to provide additional protection for client funds.

Trading instruments

DEGIRO provides the opportunity to trade a wide range of instruments. This makes it accessible to traders looking to diversify their investments across different markets.

Available assets include:

• Actions
• ETF
• Bonds
• Optional
• Futures

Account types and fees

DEGIRO offers four trading account types (Basic, Active, Trader, Day Trader) with no minimum deposit, making it accessible to a wide range of investors. Fees are among the lowest in the industry, however fee structures can be complex and traders should review terms and conditions carefully before trading.

Platforms

The broker offers a simple but functional web platform and mobile application. Although the platforms have all the necessary trading and analytic features, they may not meet the needs of more experienced traders who are used to more complex tools and interfaces.

Education

DEGIRO provides limited educational resources, which may be a disadvantage for novice investors. The materials are focuced on platform guides and basic investing guides.

Advantages and disadvantages

Pros:

• Commissions are among the lowest on the market
• Wide range of available trading instruments
• Strong regulation and protection of clients’ funds

Cons:

• Limited educational resources
• Platforms may not seem advanced enough for experienced traders
• Complex fee structure can cause calculation difficulties

Summary

DEGIRO is a reliable broker with competitive commissions and a wide range of trading instruments, ideal for traders who prefer simplicity and low transaction costs. However, beginner traders may require additional education from external sources, and experienced traders may feel the trading platforms lack functionality.