Main Highlights or Features
– Low-cost online brokerage with access to a wide range of markets worldwide.
– User-friendly platform with advanced trading tools and charts.
– Competitive pricing structure with low transaction fees.
– Extensive selection of investment products including stocks, ETFs, bonds, options, and futures.
– Access to over 30 international exchanges.
– Reliable order execution and fast trade settlement.
– Robust research tools, including company profiles, market news, and analyst ratings.
– Free real-time market data for selected exchanges.
– Multiple account types to cater to different investor profiles.
– Efficient customer support through phone, email, and live chat.
Comparison with Top Competitors
Here’s a comparison of DEGIRO and some other similar online brokerages:
| Brokerage | Key Features | Account Minimum | Commission | Platform(s) |
|---|---|---|---|---|
| DEGIRO | Offers Stocks, ETFs, Futures, Options, Bonds, wide range of international markets | €0 | Low-cost, varies by exchange and instrument | Web platform, Mobile app |
| Interactive Brokers | Offers Stocks, ETFs, Futures, Options, Forex, Bonds, Mutual Funds, wide range of international markets | $0 | Tiered or fixed pricing structure | Trader Workstation, IBKR Mobile, IBKR WebTrader |
| eToro | Offers Stocks, ETFs, Indices, Commodities, Forex, Cryptocurrencies, Social Trading feature | $200 | Spread-based and overnight/weekend fees for CFDs, withdrawal fee | eToro platform |
| XTB | Offers Stocks, ETFs, Forex, Indices, Commodities, Cryptocurrencies | No minimum deposit for standard account | Commission-free for standard account, commission-based for pro account | xStation 5, MetaTrader 4 |
| Plus500 | Offers CFDs on Forex, Stocks, Commodities, Indices, ETFs, Options, Cryptocurrencies | $100 | Spread-based and overnight fees | Plus500 platform |
Each of these platforms is suited to a particular type of trader. For instance, Interactive Brokers is known for its extensive range of offerings and advanced trading platforms, which cater to experienced traders. On the other hand, eToro is known for its social trading feature, which allows users to copy the trades of successful investors. It’s important to conduct your own research and consider your specific trading needs and style before choosing a platform. Always try out the platform with a demo account if possible before going live.
Summary of the Review
| Category | Rating |
|---|---|
| Features | 4.5/5 |
| Fees | 4/5 |
| Account Types | 4/5 |
| Customer Support | 4.5/5 |
| Safety | 4.5/5 |
Fees and Pricing Structure for Different Account Types
– Basic Account:
– No custody fees for ETFs and stocks.
– Transaction fees vary per exchange.
– Inactivity fee of €2.50 per year.
– Custody Account:
– €1.00 + 0.02% per stock transaction.
– €2.50 + 0.02% per ETF transaction.
– Inactivity fee of €2.50 per year.
Top Recommended Platforms
Cryptocurrency assets are volatile in nature. Buy and trade at your own risk.
73% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
– Day Trader Account:
– €2.00 + 0.02% per stock transaction.
– €4.00 + 0.03% per ETF transaction.
– Inactivity fee waived.
Minimum Deposits
– Basic Account: €0
– Custody Account: €0
– Day Trader Account: €2,500
Safety Features
– Segregation of client assets from company assets.
– Investor Protection Scheme that covers up to €20,000 in case of broker insolvency.
– Regulated and authorized by the Dutch Authority for the Financial Markets (AFM).
FAQs
Q: Can I trade options and futures with Degiro?
A: Yes, Degiro provides access to options and futures trading on select exchanges.
Q: Is real-time market data provided for all exchanges?
A: No, real-time market data is free for select exchanges. For others, a subscription is required.
Q: How long does it take for trades to settle?
A: Trades typically settle within 2 business days.
Q: Can I open an account if I am not a resident of the Netherlands?
A: Yes, Degiro accepts clients from various countries.
Conclusion
Degiro offers a compelling online brokerage service with low costs, extensive market access, and a range of investment products. With its user-friendly platform and advanced trading tools, it caters to both beginner and experienced investors. The competitive pricing structure and reliable order execution make it an attractive choice for cost-conscious investors. The research tools and customer support further enhance the trading experience. However, potential customers should be mindful of the inactivity fees and consider the account type that best suits their needs. Overall, Degiro stands out as a reputable and efficient brokerage option in the market.
