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  • Payment Methods: Bank transfer
  • Available Trading Profiles: Basic, Active, Trader, Day Trader
  • Customer Support: Phone, email
  • Currency Conversion Fee: 0.25%
  • Available Products: Shares, bonds, ETFs, leveraged products, and derivatives

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Degiro Review

Struggling to find a new share dealing platform? Check out this Degiro review to learn about one of the best brokers in the UK.

Degiro Review

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  • Payment Methods: Bank transfer
  • Available Trading Profiles: Basic, Active, Trader, Day Trader
  • Customer Support: Phone, email
  • Currency Conversion Fee: 0.25%
  • Available Products: Shares, bonds, ETFs, leveraged products, and derivatives

Best For

Long-term investing in shares


  • Low share dealing fees
  • Exposure to international markets
  • Access to millions of shares
  • Regulated by top-tier regulators


  • Doesn’t offer Forex, CFDs, or Crypto
  • No demo account

In the last few years, trading has become an opportunity for a full-time career, making thousands of new investors dip their toes into trading for the first time. You can trade with crypto, stocks, ETFs, etc., and the best part is that you don’t have to empty your savings account to get started.

If you’re a first-time trader, this Degiro review will shine some light on how to trade stocks efficiently. So let’s discuss what this online share broker brings to the table. 

What Is Degiro?

Degiro became a wholesale broker in 2008. However, it didn’t take long for this brokerage company to expand and eventually become one of the largest online stock brokers in Europe. Today, clients from all over the world can enjoy trading on this reliable platform at low rates that used to be available only to seasoned pros. 

Degiro launched its first online brokerage services in 2013 in the Netherlands, after which it expanded across 18 European countries and overseas.

Who Is Degiro Best for?

Degiro’s well-designed trading platform is suitable for all traders, regardless of their experience level. This broker offers several trading account types tailored to traders with a broad range of skill sets. 

So, if you’re wondering if Degiro is the right choice, check if you agree with the following statements:

  • You are a resident in one of the countries where Degiro is available.
  • You want to learn about trading in your own time and schedule.
  • You want to access over 50 exchanges across 30 countries. 
  • Having an excellent support system is critical to you. 
  • You want to avoid hefty trading fees.

You must be 18 or older to join Degiro’s community. Additionally, you must hold a valid form of identification, and a bank account opened in the SEPA zone. Finally, of course, you must also be a tax resident in one of the countries Degiro operates in.

How Does Degiro Work?

Degiro offers a web-based platform and a mobile app where you can trade, access your portfolios and streaming quotes, or learn how trading works. It is one of the most intuitive platforms I’ve used, as its neat design and layout offer a seamless trading experience.

With Degiro, you can trade with bonds, shares, ETFs, leveraged products, and derivatives. This online broker offers four profiles, all of which offer a certain level of flexibility and tradable products. 

Unfortunately, a significant drawback of Degiro trading is that it doesn’t offer a demo account. However, you can open an account free of charge and familiarise yourself with the platform before placing your first trade.

Degiro’s quick order window is always available for placing orders by the number of stocks or order value. Furthermore, you can use the Degiro platforms to create unique favourites lists, read updates on your portfolio, or browse assets that will help you diversify your portfolio.

Accounts and Services

In this section of my Degiro review, I’ll focus on the Degiro account types. As stated earlier, this broker offers four profiles, so let’s see how they differ. 


With a DEGIRO Basic profile, you’ll have access to the broker’s extensive list of tradable assets. This includes shares, investment funds, bonds, and ETFs as leveraged products. Depending on your circumstances, you may also be eligible for tax-free dividends. 

However, a basic profile may not provide complete access to all features. This will require an upgrade to an Active or Day Trader profiles, which are not free.


The Active profile comes with all features included in the Degiro Basic profile but with extra benefits. For example, traders with an Active profile can trade on margin and use other services such as short selling and trading with derivatives. 


Degiro Trader is the third Degiro profile type that provides access to more margin than the Basic and Active profiles. As a result, it’s safe to say that Trader account holders usually have the least conservative approach to risk.

Day Trader

The Day Trader profile allows you to actively participate in trades when Degiro and other relevant markets are open. With Day Trader, the risks are calculated differently than other Degiro profiles, so visit the broker’s website and do research before switching to this profile.

Degiro Fees

Degiro is well-known for cheap stock trading, and its fee structure proves it is one of the cheapest brokers in the UK. For example, when it comes to Degiro non-trading fees, this broker doesn’t charge withdrawal, deposit fees, custody, or inactivity fees.

However, note that the Degiro currency conversion fee is on the expensive side. Users pay 0.25% for currency conversion, which isn’t the cheapest option on the market. And, as most trades are made in USD, you won’t be able to avoid those fees. 

Here are some other Degiro trading fees to be aware of before opening a new account:


Shares ETFs Derivatives
US: €0 + €0.50 (roughly £0.43) Core selection: €0 Options: €0.75 (roughly £0.65)
London Stock Exchange: £1.75+€0.50 (roughly 0.43) Global: €2+€0.50 (roughly £1.74+£0.43) Futures: €0.75 (roughly £0.65)

Account Setup and Withdrawals

To open a Degiro account, you’ll first have to visit its official website. On the Degiro homepage, you’ll find the yellow Open an Account button in the upper right corner. Click on it, and create an account by providing your email, unique username, and password. Once you complete this step, you can finish up the account setup process by providing the following details:

  • Your full legal name and date of birth
  • Address and phone number
  • A copy of a valid ID
  • Tax identification number
  • Bank details and your geo-location
  • Professional information

Withdrawals and Deposits

Degiro supports only direct bank transfers, so if you have another payment method in mind, Degiro isn’t the best choice. On the bright side, Degiro deposits and withdrawals are free. 

To withdraw money from Degiro, follow the steps below;

  1. Log into your Degiro account
  2. Click on the Deposit/Withdraw Funds 
  3. Specify the amount you want to transfer
  4. Complete the withdrawal process

If you want to fund your Degiro account, select the Deposit/Withdraw Funds, and enter the amount you want to transfer to Degiro. Unfortunately, bank transfers usually take two to three business days to complete, so you’ll have to wait a few days to start using those funds for trading purposes.

Mobile App

Degiro app offers convenience, allowing you to trade and track your investments on mobile devices. The app is secure, boasting features such as two-factor authentication and touch and face ID login

The Degiro app is equipped with all the tools you need for successful investing. So, not only can you place orders and use analysis tools, but you can also read stock-specific news and transfer money to and from Degiro.

Another reason to download the app is that it allows you to access the same order types available on the desktop platform. As a result, you’ll be in control of your investments wherever you are, and Degiro won’t limit you if you decide to trade on the go. 

Degiro app is supported on Android and iOS devices. It is free, and you can install it on as many devices as you like.


I mainly favour Degiro because it does an excellent job of keeping users and their funds secure. This trading broker uses a separate legal entity to hold and keep your assets safe. So, if Degiro was to go insolvent, its creditors won’t be able to get a hold of your funds. 

Since Degiro isn’t a bank, it’s not allowed to keep client money on its balance sheet. Hence the segregated accounts. Degiro is registered with the FCA and must comply with various rules imposed by this regulatory body. On top of that, it is regulated by several other top-tier regulators, including the Netherlands Authority for the Financial Markets.

I’ve already mentioned two-factor authentication and face and touch ID logins on the Degiro app. These extra features improve account security and make users feel confident that no one can access their accounts without permission.

Degiro Competitors

The next step in my Degiro review is to compare this broker with other prominent brokers in the UK. So let’s begin with Freetrade.

Degiro vs Freetrade

Freetrade is a well-known UK broker famous for its commission-free share dealing services. Freetrade is one of the cheapest brokers in the UK, allowing you to boost your profits with minimum investments. Degiro’s services are budget-friendly too, but its fee structure cannot stand a chance next to Freetrade’s. 

Both platforms offer a decent selection of tradable assets, with Degiro having a slight advantage. Additionally, it’s worth mentioning that Freetrade is a mobile-oriented platform, while Degiro allows you to trade on both desktop and mobile hassle-free.

Freetrade has several other advantages over Degiro. For example, it allows you to invest in ISAs or SIPPS, investment accounts suitable for preparing for the future. Freetrade’s ISA also comes with attractive tax benefits, allowing you to shelter your investments from the taxman. 

All in all, Freetrade is a better service provider than Degiro. However, if you want to trade on a desktop or access a broader asset selection, think twice before choosing Freetrade over Degiro.

Degiro vs Trading 212

When deciding which of these service providers is the right one, I suggest looking into the following factors: 

  1. Available assets
  2. Educational materials
  3. Fees

When it comes to tradable assets, Degiro wins this round. However, the amount of available products isn’t always an indicator of flexibility. For example, if you’re a beginner, how significant is the asset selection if you don’t know how to analyse the market and invest in the right opportunities? 

Degiro offers a decent selection of educational materials, helping beginner traders learn the fundamentals before placing their first trade. On the other hand, Trading 212 allows you to open a demo account and practice the execution of trades in a safe environment. So, if you’re a complete beginner, you’ll likely become a better trader with Trading 212. 

Still, if you’re looking for a service provider that doesn’t charge astronomically high fees for its services, Degiro is the platform you’re looking for. 

Customer Support

Degiro doesn’t offer live chat support. Instead, you can contact customer agents via email or phone. Their response time varies and may take up to a few days, but the agents are kind and equipped to respond to various queries. 

You can also visit the Degiro Help and Knowledge Centres to find answers to common questions. This is a great way to become familiar with the platform and gain insight into available tools and services.

User Reviews

Based on over 12,000 reviews, Degiro has a 4.3/5 star rating on GooglePlay. The company rating is similar on Trustpilot, where it has a 4.2/5 rating.

Degiro User Reviews | CyberCrew

Besides praising the fee structure, Degiro users appreciate its well-designed desktop platform and app. Furthermore, Degiro reviews show customer satisfaction with asset selection and knowledgeable and friendly customer support.

Degiro User Ratings | CyberCrew

Although most Degiro reviews reflect satisfaction with the app, some reviews I’ve found on Trustpilot made me second-guess my experience with this platform. For example, some people claim that money disappeared from their account or that Degiro’s customer support agents aren’t friendly or helpful.

Still, Degiro has over two million clients worldwide, and most of them are active traders. What’s more, it is heavily regulated by two regulatory bodies, and the chances of it stealing from customers are slim to none.

Wrap Up

With this Degiro review coming to an end, it’s time for the final verdict. In my opinion, Degiro is a decent broker that certainly requires improvement in the customer service department. Hopefully, it will recognise these flaws soon and make a positive change. 

Other than that, Degiro is a cost-effective service, offering various trading opportunities and allowing you to tap into foreign markets hassle-free. Moreover, it’s one of the most recognised investment apps in the UK for a reason.


How trustworthy is Degiro?

Degiro is regulated by several regulatory bodies, and it continually works on improving its security measures. Over two million active users trust Degiro with their investments, so it’s safe to say that this broker is trustworthy.

Is Degiro good for beginners?

Yes, Degiro is a good option for beginners. However, it could introduce additional features to allow first-time traders to assimilate the fundamentals of trading. For example, a demo account combined with Degiro’s educational materials would drastically reduce the learning curve for new traders.

Is Degiro good for long-term investing?

Degiro is an excellent broker for long-term investing. It offers several profiles to support different investment goals, allowing you to achieve all of them through one platform.