Founded in 2008, DEGIRO is a Dutch investing firm. Since 2013, the broker has been offering its services online. DEGIRO has offices in 18 European nations, with its current headquarters in Amsterdam. The Financial Conduct Authority (FCA), Financial Markets Authority (AFM), and Central Bank of the Netherlands regulate its operations. More than 86 awards from around the world have been given to DEGIRO; financial publications from Germany, France, Denmark, and the Netherlands have repeatedly named the company the best stock market broker.
What kind of broker is DEGIRO?
DEGIRO is a trading platform where you can trade all different kinds of securities, including stocks, funds, ETFs, options, warrants, bonds, and futures. Its main selling point is that you can invest in various securities for very little money, thanks to the meager commissions they offer.
Top 3 Degiro Review By Customers
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Neil Wells, journalist, trader, Brussels
Due to what appears to be regulatory requirements, Degiro only accepts orders from citizens of the countries that make up the eurozone. The terms are reasonable; the cost is only 2 euros if you invest in well-known French, Belgian, and Portuguese bonds. The broker gives scalpers who trade on the US market reasonable commissions. Excellent, very comfortable, and highly reliable trading conditions.
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Alan Phillips, investor, financial observer, Berlin
The Degiro offers favorable trading conditions. OTC bonds can be purchased; in this instance, the fee is 35 euros plus 0.03%. German share transactions come with a 5 euro + 0.05% charge. The only way to trade cryptocurrencies is through an exchange-traded fund that includes bitcoin or ethereum in its holdings. I’m at ease using the Degiro review terminology.
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Aleksander Dalen, professional traders, Derry
Reaching managers efficiently via phone or email is a crucial benefit of using a broker. My level of English prevents me from speaking freely with company representatives over the phone, so I send emails instead and receive support reasonably quickly. The fact that there is no minimum deposit means that even a beginner trader can start investing with a manageable sum. You must submit several registration forms, go through verification, and link a bank account to Degiro to get created, all of which point to a high level of security. I did all this. Now I work in a reliable company.
Is DEGIRO the owner of the asset?
The broker transfers ownership of any stocks or ETFs you purchase using DEGIRO to you. To hold its assets and those of its clients, DEGIRO maintains distinct accounts; as a result, even if DEGIRO goes bankrupt, your investments will still be in your name.
Please be advised that DEGIRO offers several other account kinds; by choosing an account type other than Custody, you consent to DEGIRO renting out your stocks and other assets that you buy via them to other investors in exchange for payment of lower DEGIRO costs.
What is a Paper Trading App?
Apps for paper trading simulate trading platforms and let users buy and sell stocks using fictitious funds. The process is done online. Therefore, the name is a couple of decades old, and no “paper” is involved. Demo accounts and paper trading are terms that are frequently used interchangeably.
The majority of online brokers provide exact replicas of their essential services in the form of paper trading capabilities. These platforms are utilized to practice trading using the actual market as a reference point. Users can use the best trading app to trade their transaction histories, assess their gains and losses, and create methods without risking real money.
Experienced day traders will find these handy small tools very helpful for learning the market’s workings and enhancing their current approaches. We advise utilizing paper trading applications in addition to broker instructional resources like videos, tutorials, workshops, etc. The core of trading is research, and paper trading is a significant component.
Conclusion
If you want a primary platform and want to spend less money on fees, DEGIRO is a good option. Generally speaking, transaction costs are meager. Additionally, establishing an account goes quickly. However, because DEGIRO is an execution-only broker, its research resources are constrained. We should also note that it does not provide currency trading, and most customers may only make deposits and withdrawals by bank transfer. Overall, DEGIRO is a fantastic internet broker. Feel free to try it out because there is no required minimum deposit and no inactivity fee.
