5 reasons why every investor should use DEGIRO

Choosing a broker is a big decision, in this article we try to help you to clear your mind.

08 Ottobre 2019

Ready for a big boost?

DEGIRO is an online broker who arrived on the investment scene only few years ago. Still, it has outlasted the competition in a very short time, despite the initial untrust feeling (we must admit it, ours included).

There are a number of reasons why an investor is missing out more than one opportunity by not having a DEGIRO account. We have enclosed these reasons in 5 points.

Please note: opening an account with DEGIRO does not necessarily mean that you must close the trading account with your current broker, indeed! A DEGIRO account is even more efficient when used to complement other trading accounts that have different features (and prices).

1. The DEGIRO account is 100% free

DEGIRO offers a trading account, not a bank account. Rather, on such account, you need to link your personal IBAN, by which you are allowed to deposit and withdraw your funds. Once the account has been funded, through the DEGIRO platform it will be possible to carry out the transactions on the markets and to hold the purchased securities in the portfolio.

Opening and closing an account is always free (and without minimum amounts). Account maintenance is also free of charge.

No inactivity costs; no platform fees; no custody costs; no withdrawal fees. Nada.

Suppose you want to buy € 10,000 shares today, with the aim of reselling them after 10 years.

Well, if we opened a DEGIRO account today to execute this strategy, the only costs we will sustain for the next 10 years are those relating to the purchase and sale of our shares (i.e. a handful of euros). That’s it!

2. Trading fees are outstanding

Probably you already know firsthand as an experienced investor: trading fees can have a significant impact on your market returns.

Your trades can be profitable on paper but then turns out that notional profits are swallowed by trading fees. That occurs especially when many trades are made during the year.

On some markets, DEGIRO has average commissions, but overall it has truly unbeatable tariffs, such as those applied to ETFs and US stock markets.

Without dwelling on this aspect, check yourself through our tool if DEGIRO is the most convenient broker based on your way to investing.

3. You can invest worldwide

A cutting-edge broker must allow the investor to access all markets worldwide. By not doing so, the broker takes potential opportunities away from him.

With more than 50 markets available, DEGIRO stands behind only to Interactive Brokers (120 markets). All other brokers offer fewer markets (e.g. Binck Bank and Fineco offering respectively 50 and 26 markets).

In addition to the classic European and US markets, with DEGIRO you can trade Canadian, Australian, Japanese shares, etc. Not bad!

4. Your money is safe and sound

The strict Dutch regulator does not allow DEGIRO to hold customer money. Rather, they must be invested in Money Market Funds, which invest in AAA government bonds repaid within 60 days (France, Germany, Netherlands, Sweden).

Those Money Market Funds have negative returns today, but this is not an issue: all negative returns are compensated by DEGIRO so that the balance of each client is not affected.

Better said: in a world where all players are forced to accept a negative return in order to have their funds kept as safe as possible (short-term AAA government bonds), DEGIRO's clients will have the money invested in the aforementioned bonds but without suffering the negative returns.

Or perhaps you think is safer having money deposited in a bank?

5. Everything is simple

DEGIRO shines for its ease of use. And this is something we really appreciate.

Opening an account is quick and avoids you running headfirst into the walls of the banking bureaucracy.

The trading platform is spartan (ok, for advanced traders maybe it’s a bit too much spartan) and can be used without frills even by those who do not have much experience.

The products we are interested in can be quickly found from the search engine. They can be added to the Watchlist or purchased/sold in just a few clicks. Their performances are monitored in our portfolio, either through the WebTrader or the user-friendly DEGIRO app.


These are just some of our personal considerations about the online broker DEGIRO, also supported by numbers: over 500,000 investors in Europe have opened an account with DEGIRO in just 6 years.

If you want more information, read our official DEGIRO review, or visit the DEGIRO website.</p

Risk disclosure: Investing involves risk of loss

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