DEGIRO Review 2024 – My Experience & Tips

Are you looking for a reliable and cost-effective platform to start your investment journey? Look no further than DEGIRO! In this DEGIRO review, I will share my experience and valuable tips for investing with this platform.

DEGIRO offers investment opportunities in stocks, bonds, options, and index funds and is currently available in 18 European countries. 

This DEGIRO review will specifically address the topics of reliability, commission, index fund investment options, and customer support. Personally, I find the reliability and safety of funds, as well as low commission fees, to be critical factors when considering a broker, as high fees can negatively impact long-term returns.

What is DEGIRO?

DEGIRO, an online broker based in the Netherlands, is a personal favorite of mine. Established in 2008, the company opened to retail clients in 2013 and currently operates in most of Europe, where it is the fastest-growing European broker. 

Unfortunately, it is not yet available in the United States. Known for offering a wide range of products on global markets, DEGIRO is renowned for its reputation as a low-cost broker. The company is registered in Amsterdam with the Chamber of Commerce and is regulated by the AFM and under the prudential supervision of the DNB. 

In 2016 and 2017, DEGIRO was recognized as the best low-cost stockbroker, and in 2017, it was named the best mobile share dealing platform by the Financial Times and Investors Chronicle.

Is DEGIRO regulated?

Knowing if a broker is regulated before you invest your money is essential. DEGIRO has an excellent track record since its establishment in 2008. During the three years of my experience with their service, everything has been smooth.

DEGIRO is registered in Amsterdam with the Chamber of Commerce and is regulated by the Authority of Financial Markets (AFM) under the prudential supervision of the Dutch Central Bank (DNB). These institutions are responsible for regulating and managing Dutch financial institutions.

When you trade with DEGIRO, your assets are traded on the exchange, and DEGIRO only facilitates the buying and selling activity. Therefore, even if DEGIRO goes bankrupt, your assets remain safe. You are the owner of the ETFs and stocks that you purchase on their platform.

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Just remember: investing involves risks of losses.

DEGIRO Fees & Pricing Model

DEGIRO is well-known for the low fees they offer. Their goal is to make investing accessible and affordable for everyone. How do they do that?

  • You can open your account for free.
  • There is no inactivity fee on their platform. It means you won’t get charged even when you don’t trade. 
  • There is no fee for withdrawing money from the platform. 

Their low fees and the absence of monthly fees make it the perfect platform for long-term investors who don’t regularly trade, like me. 

With regards to fees, DEGIRO has:

  • Variable fees for shares, bonds, or ETFs that you trade. The amount of fees you pay depends on the value of your trades. 
  • Fixed fees on options and futures that you trade. 

Because of this trading fee structure, DEGIRO is convenient if you’re a passive or smaller investor. The buy-and-hold strategy works for DEGIRO. 

DEGIRO has over 200 free ETFs that you can trade once a month without paying any fees, including all-time favorite VWRL. The amount of trade does not matter for this! Of course, conditions apply. If you trade the same ETF in the same direction (buy/sell) in the same month & trade at least €1000, there will be no fee!

DEGIRO is developing a new ETF Core Selection that will cover all countries. The commission for the Core Selection will remain at €0, but the external product and spread costs may apply. A commission of €2 will be charged for all other ETFs, with a handling fee of €1 per trade for all ETFs, including the Core Selection and equities. DEGIRO will inform clients when the new Core Selection becomes available.

If you want to trade on global stock exchanges, you pay the DEGIRO exchange connection fee. It means you will pay 0,25% of your account value annually, with a maximum charge of €2,50 per exchange. 

If you choose to invest in your home country’s stock exchange, DEGIRO will not charge you any fees. This means that if you trade on Euronext Amsterdam or Euronext Brussels, you won’t have to pay any yearly fees. Similarly, if you open an account with DEGIRO UK and trade on the London Stock Exchange, there won’t be any connection fee. 

However, DEGIRO will charge a commission of just €1 per trade (plus the €1 handling fee) for US, Canadian, and other foreign stock transactions to continue providing high-quality services. All other costs for these exchanges, such as currency costs, will remain the same.

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Example Transaction

If you’re interested in individual stock trading, let’s check my first transaction with Walt Disney. Regarding the fees, I paid €0,55 for the entire transaction of €2000. If we look at, for example, Interactive Brokers or a bank, the differences are certainly there! For Interactive Brokers, the fee would have been €1,00; if we look at my bank, it would be way over €5,00. 

In Short:

  • DEGIRO is cheaper when investing in stocks.
  • DEGIRO charges €2,50 annually for trading on a stock exchange (except your home country’s stock exchange)
  • With DEGIRO, you can invest monthly in one ETF from their list for free (conditions apply).

If you’re like me and love to secure your financial future with ETFs or low-cost index funds, DEGIRO is the ideal pick!


DEGIRO Pros and Cons

Let’s list the pros first:

  • DEGIRO has one of the lowest fees in the market.
  • Broad access to markets allows you to access the most important international and local exchanges.
  • Very user-friendly web platform and mobile application.

Okay, now let’s list the cons:

  • Only available for you if you have a European bank account.
  • No price alerts are available.

Is DEGIRO Safe?

DEGIRO is generally considered safe and legitimate, despite past legal issues related to its Money Market Fund (MMF) product.

In 2020, the Netherlands Authority for the Financial Markets (AFM) fined DEGIRO for not properly informing its clients about the risks associated with the MMF. DEGIRO subsequently announced that it would convert the MMF to a separate individual account number to address regulatory concerns.

In a press release issued on September 10, 2020, DEGIRO stated: “In order to meet the AFM’s demands, DEGIRO has decided to restructure the MMF. This means that each individual client that invests in the MMF will be given their own individual account number. This account number will be managed in a separate entity that will be ringfenced from DEGIRO’s balance sheet.”

DEGIRO has also enhanced its security and compliance measures, including implementing two-factor authentication and SSL encryption and strengthening its risk management procedures.

While DEGIRO has faced some regulatory scrutiny in the past, it appears to be taking steps to address these issues and ensure the safety and security of its clients’ investments.

Why Low Costs Are So Important

If you’re investing in stocks, bonds, or ETFs, it is extremely important to focus on low fees.

Why? Are you familiar with the compounding returns effect? In short, it means that when you start investing, your money will start to make money.

A great example is when you double a penny for 30 days, your money starts to make money on a smaller scale. The longer you keep it, the more money grows. By the last couple of days, it has grown exponentially.

Visually, it would look like this:

A Penny Doubled For 30 Days Graph

In the first year, you invest $50,000, and your money will grow by 7% (the average stock market return). Your money will grow by 7% in the second year, including the 7% of the previous year. In 30 years, your $50,000 has grown to $405,825!

What happens if you pay a 1% fee on your investment? You invest $50,000, and your money will grow by 6% in the first year for 30 years. After 30 years, your $50,000 has grown to $301,129.

While still a great amount, you have missed out on $104,696 simply because of the fees. The fees don’t seem significant when you hear them, but their impact on your return and the overall investment is real!

That’s why investing at a brokerage with low fees is crucial, and that’s why my choice has been DEGIRO.

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How Do I Open An Account At DEGIRO?

If you want to open an account on DEGIRO, you can do it quickly and easily. You can do it online within minutes. Your account can be up in one business day. Sometimes it takes 2-3 business days. 

You can open an account with DEGIRO if you have a bank account in your name in the Czech Republic, Germany, Finland, Ireland, the Netherlands, Hungary, Poland, Sweden, Greece, Switzerland, Denmark, Spain, France, Italy, Norway, Austria, Portugal or the United Kingdom. 

Here are the exact steps to open an account:

1. Go to this link and select your country.

DEGIRO Review - Welcome To DEGIRO
  1. You can click on Open an account on the top right. 
DEGIRO Navigate Website
  1. Insert your email address and your username. 
DEGIRO Review - Open you account

4. Once completed, you will be asked to confirm your email.

5. After you’ve confirmed your email, you can log into the DEGIRO platform.

6. You will be asked to provide the required personal information to verify your identity. 

7. After that, you will be asked to upload your identity proof.

8. Choose the type of account that you want to use. Can choose between a Custody, Basic, Active, Trader & Day Trader account. I recommend starting Basic, as this account comes with free ETF trading.

After that, you have only taken the following actions to get started trading:

  • Agree to the conditions
  • Transfer money to your investment account

Deposit & Fund Your DEGIRO Account

When you want to deposit money to fund your DEGIRO account, it is also easy. You need to transfer money through a bank transfer. If you’re trading in another currency, using Revolut could save you a lot of money. 

When you’ve transferred the money, it will be available on the platform within 1-3 business days. 

With IDEAL, you can transfer money in and out of your account for free. The funds will be available instantly on the platform. 

DEGIRO Transfer Funds

When you want to withdraw money from the account, you can do this without paying any additional fees. On average, it takes one business day to have the money back in your account. 

Using DEGIRO Trading Platform

The trading platform of DEGIRO is very intuitive and easy to use. The desktop website is straightforward to use and has a clean look. It is easy to navigate, and you can quickly buy and sell on the platform.

If you’re an advanced trader, the platform may be too basic. That platform is perfect for beginner investors or investors who want to keep things simple.

The platform looks like this:

DEGIRO Dashboard preview web

You will find a search bar where you can type in a product name on the top right. You can see which stock market it’s listed on and what the currency is. 

DEGIRO Search For Stock

The portfolio and fee information available through DEGIRO is clear and well organized. It is clear about what to do and how much fees you pay for your transactions. 

When you want to buy stocks or ETFs, you get the below screen:

DEGIRO Review - Buy Example

DEGIRO offers other financial products as well. However, I’m only using the platform to trade in stocks and ETFs.

Let’s get to the mobile app

Confession time, I primarily use the mobile app, which is effortless and straightforward! It’s available in your language as well, which makes things easier. 

Buying and selling are on the same screen as used on the website platform.

DEGIRO Review - Homepage Mobile App Tablet

DEGIRO Review & Experiences – Conclusion

DEGIRO is a suitable option if you prioritize low fees and user-friendly platforms. They meet all the criteria I look for in a broker, and I’m satisfied with their service.

DEGIRO is available to you if you have a European bank account from countries such as the Czech Republic, Germany, Finland, Ireland, the Netherlands, Hungary, Poland, Sweden, Greece, Switzerland, Denmark, Spain, France, Italy, Norway, Austria, Portugal, and the United Kingdom. 

Compared to major European competitors, DEGIRO is significantly less expensive. The platform is highly intuitive, both on its website and mobile app.

No minimum deposit requirement makes it possible to start investing with even small amounts.

Don’t miss the opportunity to experience DEGIRO’s exceptional low-cost and user-friendly platform. Sign up with DEGIRO today and witness the unparalleled convenience it offers to investors.

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