DEGIRO Official Review 2024: Pros and Cons

06 April 2023


  • Access to 50 global markets
  • Fixed commission on all products
  • Funds protected up to 100.000€ by the Compensation Scheme
  • No minimum deposit for opening an account

pros Pros:

  • Competitive fee structure
  • Wide variety of products and markets offered
  • High level of safety and solid corporate structure
  • User-friendly mobile app

pros Cons:

  • Web platform not suitable for advanced technical analysis
  • Inability to connect API or external platforms (e.g. Multicharts)
  • Forex and leveraged CFDs not available
  • No in-depth education section
Fees and Costs:
Products and Markets:
Trading platform:
Tax regime:
Ease of use
Overall rating

DEGIRO trading review

DEGIRO is a Dutch online broker, relatively new on the UK scene. It has been active for European investors since 2013. It boasts providing retail clients with institutional-level trading fees, having exclusively provided institutional services until 2013. DEGIRO started offering services to UK investors in 2015.

DEGIRO operates under the supervision of the Dutch Financial Markets Authority (AFM) and the Central Bank of the Netherlands (DNB). DEGIRO is also registered at the Financial Conduct Authority (FCA) in the UK under number 595455.

The Dutch legislation requires the segregation of clients' assets from the assets of the financial broker so, in the unlikely event DEGIRO defaults, customer investments/liquidity are not treated as recoverable assets by third parties. DEGIRO has over 1 million clients in Europe.

DEGIRO adheres to the German Investor Protection Scheme, which ensures every client of DEGIRO up to 100.000€.

The highly aggressive tariff structure makes DEGIRO one of the most convenient brokers to use for investing. There are numerous reasons why an investor would use DEGIRO.

In this review, you will find our official thoughts and rating on DEGIRO trading.

Trading fees and Costs

In regards to costs, DEGIRO uses a fixed fee structure for stocks, ETFs, options, futures, and warrants. This means that you pay a fee for each trade you execute.

These conditions apply regardless of the number of transactions made during the month/quarter. Whether you execute one transaction per month or 1,000, you will always pay the same rate.

For this reason, DEGIRO is by far the most convenient for small and passive investors interested in holding financial instruments for the long term (buy and hold strategy).

Commissions on the UK stock market are fixed: £1.75 commission + €1.00 external costs.

Commissions for the US stock markets are €1.00 + €1.00 external costs, for a total of €2.00 per trade.


Use our tool to calculate trading fees on stocks with DEGIRO →


Commissions on ETFs are €2.00 commissions + €1.00 external costs, for a total of €3.00 per trade (both buying and selling).
There are around 200 commission-free ETFs (for the complete list of commission-free ETFs click here).


Use our tool to calculate trading fees on ETFs with DEGIRO →


Tariffs represent the most beneficial aspect for the investors who choose DEGIRO: with this broker you can drastically reduce trading costs, managing to save hundreds (or even thousands) of pounds a year.

A DEGIRO trading account can be considered an extension of your bank account, through which it is possible to have access to exchanges worldwide and to hold the purchased instruments in your portfolio.

The opening, maintenance and closing of the account are completely free. The custody and deposit of securities are free, as well.

There are no inactivity charges to your account. Another advantageous aspect of DEGIRO involves the extremely low financing costs when one makes use of Debit Money. it is possible to use both intraday and overnight Debit Money with an interest rate of up to 5.25% (6.90% with unallocated margin) on an annual basis.

To access global stock exchanges, there is a connectivity cost, called the DEGIRO exchange connection fee. Each calendar year you will pay a maximum of 0.25% of your account value (maximum charge is €2,50 per exchange) this cost is provided if you carry out an operation or if you maintain a position on an exchange other than the domestic one.

For example, if you open an account with DEGIRO UK, you won’t pay any connectivity fee for the London Stock Exchange; you will pay 0.25% of your account value (max. €2.50) for transactions or held positions on all other exchanges.

Real-time data are free on the domestic markets (except if you open an account with DEGIRO UK, where you have to pay a monthly fee of £4.50 for real-time data on LSE), Euronext and CHI-X; all other price feeds are delayed by 15 minutes.

For a monthly fee, it is possible to activate real-time data for other markets (except NYSE, Canada, Australia, Hong Kong and Tokyo, where real-time data is not available).

For all transactions in a foreign currency, you can choose between two options:

  • Perform a manual conversion from the base currency of your account (GBP) into nine other currencies (including USD, CHF and EUR). For the conversion, you will pay € 10 + 0.25% of the converted amount.
    It is not possible to deposit dollars or any foreign currency directly into your DEGIRO account. You can set up a multi-currency account that allows you to convert your home currency into another currency.

  • Use the default setting (Auto FX) that executes foreign currency transactions by widening the spot rate spread by 0.25% both at the time of purchase and sale.

Author of the review:

Alfredo de Cristofaro
Graduated in Economics of Financial Intermediaries, after having worked for several years at one of the main financial brokers in Europe, he decided to make available to investors the knowledge gained over the years. On he's responsible of reviewing the stockbrokers, making sure that the highest standards of safety and transparency are guaranteed.
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