DEGIRO Review degiro rating

DEGIRO Review: Pros, Cons, Stock Trading Broker Fees, and Rating


DEGIRO review: investments, broker rating, account stock trading fees 2022. Is it a good firm? DEGIRO cost, minimums, ETFs, and mutual funds.


DEGIRO Overview


DEGIRO is a famous Dutch trading company, which has a large competitive advantage over other popular platforms due to the low low fees. It has been one of the quickest growing brokerage firms in the Netherlands and has expanded into other countries, including the United Kingdom. It currently has the lowest known trading fees of all platforms in the Netherlands and other European countries.

Assets classes in which you can invest in DEGIRO are:

  • Shares (equities)
  • Futures
  • Options
  • Rights
  • Bonds
  • Investment Funds
  • Leveraged products [CFD’s]


Countries Where DEGIRO Is Available


United Kingdom, Germany, France, Poland, Netherlands, Belgium, Italy, Switzerland, Czech republic, Spain, Portugal, Greece, Hungary, Denmark, Sweden, Norway, Finland, and Ireland.


Markets Available at DEGIRO


With DEGIRO you can invest in most markets. A complete list can accessed through the following link.


DEGIRO exchanges


DEGIRO Fees


InvestmentsCommissions
UK Stocks£1.75 + €0.50
US Stocks€0 + €0.50
Global Stocks€2 + €0.50
ETFS (CORE SELECTION)€0
OPTIONS€0.75
FUTURES€0.75


DEGIRO Pros


Low costs/fees – With their current cost structure, they have the lowest costs in the Netherlands and many other European countries. This is the main reason DEGIRO has been growing so much and has been so successful.

Investing in fractions – DEGIRO is creating a method to invest in fractions of products. This would mean you do not have to buy 1 share of Google, you can buy 0.1 shares of Google. This is ideal for investors with a smaller portfolio, or for investors which want to keep their portfolio diverse.


DEGIRO pros


User friendly design – It is very easy to make trades and the website is well organized.

Fast to get started – It literally takes less than 20 minutes to create an account.

No hidden costs – There is no membership fee or extra costs for each trade. The fees and costs are transparent.


Open DEGIRO Account


Open DEGIRO Account


DEGIRO Cons


No research tools – No analysis tools are available, unlike competitive brokers.

No trade confirmations – After making a trade there is no confirmation. No e-mail to verify your trade nor any pop-up on the platform. Your portfolio has to be checked manually, in order to see if the trade has been done successfully.

Inconvenient funds deposits – In order to deposit money, you cannot pay by debit card but have to manually transfer money to their bank account.


DEGIRO Review - Recommendations


1. People who know what they are doing: DEGIRO works great as an execution only broker. They do not provide any analysis or help with research. Therefore, DEGIRO is perfect for the investor who knows which trade he wants to do beforehand, by using other analysis software.

2. Traders: DEGIRO is also very good for frequent traders thanks to their low trading fees.


DEGIRO Review


Who is DEGIRO not good for:

People which need investment research and analysis – DEGIRO offers no help researching, nor does it show any statistics of what other people are trading. Therefore, it is important to realize you’ll have to make use of other software, websites and platforms to do your research.


Awards


DEGIRO Awards





DEGIRO Review Summary


Everything at DEGIRO is straightforward for experienced traders. Their fees are extremely low.

There is no investment research. However, this problem is easily solved by using other well known investing websites.

In the end, it is a platform definitely worth trying out if you have been trading for a while.


Open DEGIRO Account


Open DEGIRO Account


About the Author
Arthur Chachuna is professional personal finance blogger, and the owner of Brokerage-Review.com. He has been an avid investor for 23 years, and has background in both applied math and programming.