Degiro Deposit and Withdrawal In Detail | No Fees

Pros

Cons

  • Various base currencies
  • No withdrawal or deposit fees
  • Limited funding and withdrawal options

Introduction

Degiro broker was founded in 2008, and launched its brokerage services in 2013, in the Netherlands. after that, Degiro expanded to 18 European countries, allowing investors to trade from different countries. Degiro is also regulated by top-tier financial authorities and has several trading options including stocks, options, futures, bonds, and mutual funds. It also has competitive pricing fees among other brokers as well as a fast account opening process. along with that, Degiro offers great educational tutorials to help new clients learn to trade.

Account Currencies

The Degiro account has 9 base currency options as the following.

  • CHF, DKK, GBP, NOK, SEK, EUR, CZK, PLN and HUF.

Notes:

  • You will not be charged with conversion fees if your account has the same currency as your bank account or when you trade assets with the same currency of your account.
  • If you want to avoid being charged with conversion fees, you can open a multi-currency bank account at a digital bank.

Deposit

Degiro supports depositing using different methods such that:

  • Bank transfers
  • E-wallets

Degiro deposit methods

 

Degiro

Credit cards

No

Bank Transfers

Yes

Electronic wallet

Yes

Fees

Degiro doesn’t charge any deposit fees on any transfer method.

Time

It takes 2 to 3 business days for your deposit to reach your Degiro account.

Withdrawal

Degiro allows withdrawals using only bank transfers.

Degiro withdrawal methods and fees

 

Degiro

Bank Transfers

Yes

Credit cards

No

Electronic wallet

No

Fee

$0

Fees

Degiro withdrawals are free of charge.

Time

It takes 2 to 4 business days to withdraw your money from Degiro.

Note:

For security reasons, you may have to verify your identity with the payment department for the first time through the registered email or the phone number.

FAQs

  1. Can I open more than one trading account?
  • Yes, you can open more than one account in different currencies.
  1. Are there any minimum trading limit or inactivity charges?
  • No. There are no inactivity fees nor is there a minimum trading limit imposed on account holders.
  1. Are there any annual maintenance, service, or custody charges?
  • No. There are no annual maintenance, service, or custody charges.
  1. Does Degiro give a bonus?
  • Yes, by referring your friends and family to create accounts on Degiro and start trading.
  1. What bank account can I use to register with Degori?
  • To open an account, you will need to have an EU/Norwegian/Swiss bank account in your name, the details of which should be registered to your DEGIRO account.
  1. Where is my money held?
  • It’s segregated into several client accounts.
  1. Does Degiro have a swap-free account option?
  • No, it doesn’t.
  1. When trading forex, will you lose more than your initial deposit?
  • Yes, as Degiro has no negative balance protection.
  1. Does Degiro accept payments from third parties?
  • Payments should be from a bank account that has the same name as yours.


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