Degiro, a European-based brokerage firm, started its journey in 2013 in the Netherlands. The online broker has widespread its services across 18 European countries and has become one of the largest stock brokers in Europe. 

In 2020, the trading platform joined hands with flatex, and later on, it acquired 100 percent stakes with Flatex but still runs under the Degirro brand name. Finally, in early 2021, the trading platform merged with flatexDEGIRO Bank AG. In addition, the best part is that the stockbroker has its own banking license.

Degiro, the official website, claims that it has won 82 awards at the International level. Some of them are mentioned below:-

  • Best Broker For Stock Trading (Broker Chooser 2022)

  • Best Online Broker 2022 QualeBroker (Italy)

  • Best Broker for ETFs and Mutual Funds 2022 QualeBroker (Italy) 

In this Degiro review, we will cover in-depth information about Degiro what its account types how to create an account. Also, we will cover whether the platform is safe or not for trading.

What Is Degiro? 

Degiro stands out from the crowd by offering low trading commission fees on different stock exchanges. On top of that, Degiro has a user-friendly platform making it easier for traders to trade easily with the stockbroker.

Why Choose Degiro?

Degiro is familiar with a stockbroker that allows investors to put some funds in a stock exchange as it is a well-known method that has been running for decades. It is loaded with exciting features that are as follows:- 

  • Low Fee 

  • Transparency in the Fee Structure 

  • Won 86 awards at the international level 

  • User-Friendly Platform

  • Regulated by Financial Conduct Authority (FCA) 

  • Follows the rules and regulations of BaFin and DNB ( De Nederlandsche Bank).

  • Two million investors have already invested in Degiro.  

Is It Safe To Trade in Degiro? 

Yes, Degiro is a safe platform for trading in stock exchanges and other financial trading instruments. Degiro, the stockbroker firm, gives assurance that clients' funds are kept securely with the trading platform. A separate legal entity (SPV) is being used by the online broker that keeps your funds separately from the assets of Degiro. The entity is the one that administers and safeguards your investments. 

Is Degiro A Legit or Scam?

Yes, DEGIRO is a legit platform for trading. For this, the stockbroker is supervised and controlled by DNB in the Netherlands and flatexDEGIRO Bank AG. Moreover, Degiro is regulated by the German Financial Conduct Authority, Federal Financial Supervisory Authority (Germany), and the Financial Markets Authority (Netherlands).that keeps an eye on all transactions and activities performed on the DEGIRO platform. 

What Trading Instruments Offer By Degiro? 

Degiro offers a wide range of financial instruments that traders can access over 50 exchanges in 30 different countries. The trading instruments that can be traded on the trading platform are as follows:-  

  • Stocks

  • ETFS

  • Bonds

  • Options

  • Futures 

  • Leveraged Products 

What are the Different Account Types Being Offered by Degiro? 

Degiro, the stockbroker, is offering four different types of accounts that are as follows:- 

  • Basic

  • Active

  • Trader

  • Day Trader

It must be noted that the Basic account types have the lowest risk associated risk while Day Traders' account types have high risk. 

How To Open An Account on Degiro? 

The stockbroker offers various account types, including Custody, Basic, Trader, Active, and Day Trader, for the convenience of traders. If you are wondering how to create an account at DEGIRO must follow the steps mentioned below:- 

  • Visit the Official Website, i.e., https://www.degiro.com/ 

  • Tap on "Open an account," which is placed on the right-hand corner of the home page. 

  • Select the country from the list available on the official website (available in 18 countries) 

  • Add an email address and create a username and password.

  • Mention the personal details required at the time of opening an account. 

  • You will get an OTP via mobile number or email address to verify the account. 

  • Provide the bank details and check all the information provided by you carefully. 

  • Upload the document, such as a passport or ID card. 

  • Once your application is created and approved successfully, you can start trading with the DEGIRO by transferring an amount as low as €/£0.01. 

Degiro Customer Support 

For phone or email assistance, Degiro offers the greatest customer service to their customers. Due to its operations in 18 countries, it offers services in each of the 18 official languages to facilitate communication. Customers will receive prompt service over the phone, and their email service is moderate, with an average response time of two days.

They do not currently provide live chat support, but phone support is the quickest way to answer your question. On weekdays, phone support is available from 7 am to 9 pm. Degiro has excellent reviews across several platforms, and reviews are a reliable way to judge a broker's dependability.

Degiro Education Support

Degiro stockbroker platform is giving the best opportunity for beginners to educate themselves about the trading environment and the platform. With this, they learn about different topics such as risk management, investment, trading tools, and trading methods.

To improve your trading understanding of financial goods, they have partnered with the CME Group to provide additional educational content. Degiro is the greatest option for educational materials. Traders can think logically and methodically about the market while learning how the trade operates. Spend some time learning how the platform functions.

Conclusion

With the in-depth analysis of Degiro Review, we analyze that the stockbroker is a safe and legit platform for stock exchanges and other trading instruments. Also, the platform offers good customer support via mail or phone and different account types. 

The trading platform is good for traders to learn while trading as it offers good educational materials to gain in-depth knowledge on a wide range of topics of trading that are available on the official website. 

Overall, the Degiro is a good option for trading as you can consider it once when you want to trade in stock exchanges. Moreover, Capiatlix and InvestBY are also good online brokers.