Degiro Platforms | How Degiro Platforms Work

Degiro works on a customized platform. With a variety of languages available, Degiro has a good trading experience.

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.

Degiro works on two main platforms: web and mobile. Both of the two platforms have an option to set a two-factor authentication method for login. In this section, we will discuss each of them in detail including pros and cons.

Web Trading Application

Pros

Cons

  • Beautiful UI
  • Two-factor authentication
  • Various order types
  • Good searching function
  • Order confirmation option
  • Notifications option
  • None

Languages

Degiro is available in various languages including English, German, Italian, and more.

User interface (UI)

The UI of the Degiro web platform has a clear design and user-friendly. You can love trading through this UI and will face no problems.

Degiro Platforms | How Degiro Platforms Work

Degiro – Web Application – UI

Login and Security

The web trading platform offers a two-factor authentication method for login which is much safer than the usual username and password login.

Searching

The searching function within the platform works well and you can search for products by name or by category.

Placing orders

There are several types of orders:

  1. Market
  2. Limit
  3. GTC
  4. Stop loss
  5. Stop limit
  6. Trailing stop

Degiro also provides an order confirmation option to save your money from unwanted orders that you can do by mistake.

Degiro Platforms | How Degiro Platforms Work

Degiro – Order Types

Notifications and alerts

The web application has a push email notification in order to follow up on what happens in your trading account.

Portfolio and reports

Degiro also has a clear fee and portfolio report under the ‘History’ tab to view all account fees and information.

Mobile Application

Pros

Cons

  • Awesome UI
  • Various order types
  • Biometric authentication
  • Two-factor authentication
  • Good searching function
  • None

Languages

Same as the web platform, the mobile trading platform is available in the same languages like English and German.

User interface (UI)

The UI of the Degiro mobile application is friendly and easy to use with all functions in their places.

Degiro Platforms | How Degiro Platforms Work

Degiro – Mobile Application – UI

Login and security

The mobile application of Degiro Broker has a two-factor authentication as well as biometric authentication using TouchID/ FaceID.

Searching

You can search for assets in the mobile application by simply typing its name.

Placing orders

The mobile application has the same order as the web trading application. Which are:

  1. Market
  2. Limit
  3. GTC
  4. Stop loss
  5. Stop limit
  6. Trailing stop

Degiro Platforms | How Degiro Platforms Work

Degiro – Mobile Application – Place Order

Notifications and alerts

The application has an option to send notifications via email so that you never miss a chance to trade.

4. FAQs

  1. How long does it take to verify my account?
  • It takes about 1 to 2 business days to verify your Degiro account.
  1. Can I open more than one trading account?
  • Yes, you can open more than one account in different currencies.
  1. Is there any setup or initial charges?
  • No. There are no initial or setup fees to create an account.
  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. Is it possible to use a Two-step Verification?
  • Yes. Degiro offers the use of Two-step verification via Google Authenticator.
  1. Is there a trading confirmation alert on Degiro?
  • Yes, Degiro has an option to set a confirmation order alert.
  1. Does Degiro allow bot trading?
  • Yes, through Degiro API.
  1. Does Degiro give a bonus?
  • Yes, by referring your friends and family to create accounts on Degiro and start trading.
  1. Does Degiro allow scalping and hedging?
  • No, it doesn’t.
  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. Does Degiro have a demo account?
  • Unfortunately, no.
  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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