Degiro Pros & Cons | Get Information at a Glance

  • يوليو 12, 2021
  • Posted by: ForexTradeOn
  • Category: Degiro forex
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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.

In this article, we’re addressing the main pros and cons of Degiro in each broker aspect.

Degiro

Pros

Cons

Safety
  • Regulated by BaFin
  • Client protection amount
  • Supervised by DNB
  • Listed on the stock exchange
  • No negative balance protection

Offering of Investments
  • Over 5,000 trading products
  • Stocks and bonds trading
  • Futures, options, ETF, and mutual funds trading
  • No forex or CFD trading

Account Opening
  • Various account types
  • Fast and fully digital account opening
  • $0 minimum, deposit
  • No swap-free account

Fees and Commissions
  • Low fees
  • Low non-trading fees
  • No deposit or withdrawal fees
  • High stocks fees

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

Platforms and Languages
  • Available on Web and Mobile platforms
  • Friendly UI
  • Two-factor authentication
  • Various order types
  • Good searching function
  • Order confirmation option
  • Notifications option
  • Not available on the desktop platform
  • Not available on MT4 and MT5

Research Tools
  • Good charting tool
  • Fundamental data available
  • Technical analysis
  • Newsfeed
  • No trading ideas

Customer Service
  • Phone and email support
  • No live chat
  • No 24/7 support

Education
  • Educational articles
  • Tutorials and videos
  • No demo account option

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.

If you want more information, please check out Degiro’s Full Review.

 



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