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Rating Index

Pros

Competitive pricing with low trading fees, especially for ETFs.

Simple and free account opening process, making it accessible for new investors.

Access to a wide range of markets and financial products, including stocks, ETFs, and bonds.

Cons

Not regulated in Switzerland, which may raise concerns for some investors.

No demo account available for practice before trading with real money.

No support for forex or cryptocurrency trading, limiting investment options for some traders.

DEGIRO broker Accounts

DEGIRO Account Types

DEGIRO offers several account types tailored to different trading needs, including:

Basic Account:

Best For: Standard clients
Markets: Stocks, bonds, ETFs, investment funds (over 50 exchanges)
Commissions: Starting from €1 on US stocks
Leverage: Not available
Special Features: Access to low-fee ETFs in the DEGIRO core selection
Minimum Deposit: €0.01

Active Account:

Best For: Margin trading
Markets: Stocks, bonds, ETFs, investment funds, futures, options, leveraged products (over 50 exchanges)
Commissions: Starting from €1 on US stocks
Leverage: Margin up to 33% of the value of the position
Special Features: Core ETF selection available
Minimum Deposit: €0.01

Trader Account:

Best For: Trading with higher margins
Markets: Stocks, bonds, ETFs, investment funds, futures, options, leveraged products (over 50 exchanges)
Commissions: Same as Active Account
Leverage: Margin up to 80% of the value of the position
Special Features: Free dividend and coupon processing
Minimum Deposit: €0.01

Day Trader Account:

Best For: Experienced traders
Markets: Stocks, bonds, ETFs, investment funds, futures, options, leveraged products (over 50 exchanges)
Commissions: Same as other accounts
Leverage: Margin up to 100% of the value of the position with additional margins available during open market hours
Special Features: Core ETF selection available
Minimum Deposit: €0.01

DEGIRO Broker Account Opening Process

Opening a DEGIRO account is a straightforward process that can be completed online. Here are the steps:

Visit the DEGIRO Website: Go to the official DEGIRO website.
Initiate Account Opening:

Click on the “Open an Account” button.

Provide Personal Information:

Enter your email address, choose a username and password.
Fill in personal details such as name, address, date of birth, and phone number.

Verify Your Email: Confirm your email address by clicking the verification link sent to your inbox.
Upload Identification: Attach a copy of your EU ID card or passport for identity verification.
Link Bank Account: Provide the IBAN of the bank account that will be linked to your DEGIRO trading account.
Make Initial Deposit: Transfer a minimum amount of €0.01 to activate your account.
Complete Registration: Once your application is reviewed and approved, you will receive confirmation, and your account will be ready for trading.

This process typically takes one business day for verification. There are no additional fees for opening an account, and no minimum deposit is required beyond the initial €0.01.