DEGIRO Company Overview

　　

Founding Date and Background

　　DEGIRO was founded in 2008 by a group of five former employees of BinckBank, initially aimed at servicing the professional market. The company launched its retail brokerage services on September 23, 2013, in the Netherlands, marking a significant shift towards democratizing access to financial markets for retail investors.

　　

Parent Company / Ownership Structure

　　In December 2019, DEGIRO was acquired by flatex AG, a German online broker, for approximately €250 million. Following the acquisition, DEGIRO retained its brand identity while becoming part of the flatexdegiro group, which is one of the largest financial services companies in Europe.

　　

Headquarters Location

　　DEGIRO is headquartered in Amsterdam, Netherlands. The company operates under the legal entity of flatexdegiro bank Dutch branch, ensuring compliance with both Dutch and German financial regulations.

　　

Global Business Scope

　　DEGIRO has expanded its services across 18 European countries, offering retail investors access to a broad range of financial markets. The broker provides access to more than 50 exchanges globally, allowing for diversified investment opportunities.

　　

Main Regulatory Bodies

　　DEGIRO is regulated by several key financial authorities, including:

• Netherlands Authority for the Financial Markets (AFM)
• De Nederlandsche Bank (DNB)
• German Federal Financial Supervisory Authority (BaFin)
• Financial Conduct Authority (FCA) in the UK

　　

Company History and Development

　　

Key Milestones

• 2008: DEGIRO is established.
• 2013: Launch of retail services in the Netherlands.
• 2014: Expansion into nine additional European countries and partnership with Euronext.
• 2015: Launch of an English-language platform for the UK market.
• 2019: Acquisition by flatex AG.
• 2020: Inclusion in the SDAX, becoming one of the 160 largest listed companies in Germany.

　　

Business Expansion Journey

　　Since its inception, DEGIRO has focused on expanding its services throughout Europe. Initially starting in the Netherlands, the company quickly broadened its reach to include countries such as Belgium, Germany, France, Spain, and many others. By 2022, DEGIRO had over two million clients across Europe, demonstrating significant growth.

　　

Customer Base Growth

　　DEGIRO's customer base has experienced rapid growth since launching retail services. The company surpassed 350,000 clients in 2018 and reached two million clients by 2022. This growth reflects DEGIRO's commitment to providing low-cost trading options and a user-friendly platform.

　　

Platform Development History

　　DEGIRO's trading platform has undergone continuous improvement based on user feedback. The broker launched a new trading platform in 2019, enhancing user experience and functionality. The platform now includes features like dark mode, financial data integration, and access to after-hours trading.

　　

Important Awards or Recognitions Received

　　DEGIRO has received numerous accolades for its services, including over 100 international awards for being one of the best brokers in Europe. These awards highlight its low fees, innovative platform, and customer service.

　　

Trading Services Offered

　　

Forex Trading Options

　　DEGIRO does not currently offer forex trading options, which may limit its appeal to traders interested in currency pairs. The broker focuses primarily on stock trading and other financial instruments.

　　

Stock Trading Options

　　DEGIRO provides access to a wide array of stock markets, allowing clients to trade on over 50 exchanges worldwide. The platform offers low commissions, making it attractive for both casual and active investors.

　　

CFD Trading Products

　　DEGIRO does not offer Contracts for Difference (CFDs), which may be a drawback for traders looking for leveraged products. The focus remains on direct stock trading and investment funds.

　　

Other Financial Instruments

　　DEGIRO offers a range of investment products, including:

• Exchange-Traded Funds (ETFs): A wide selection ideal for long-term investors.
• Bonds: Access to various government and corporate bonds.
• Mutual Funds: Investment funds managed by professionals.
• Options and Futures: Limited access to derivatives, depending on the account type.

　　

Special Services or Unique Advantages

　　DEGIRO distinguishes itself through its low-cost trading model, transparency in fees, and a user-friendly platform. The broker's commitment to innovation ensures that clients receive regular updates and improvements to the trading experience.

　　

Regulatory and Legal Background

　　

Detailed Regulatory Information

　　DEGIRO operates under the supervision of multiple regulatory bodies, which include:

• AFM (Netherlands)
• DNB (Netherlands)
• BaFin (Germany)
• FCA (UK)

　　This multi-jurisdictional oversight ensures a high level of regulatory compliance and client protection.

　　

Legal Entity Structure by Region

　　DEGIRO operates as flatexdegiro bank Dutch branch in the Netherlands, while also being part of the flatexdegiro group, which is headquartered in Germany. This structure allows for regulatory compliance across different jurisdictions.

　　

Client Fund Protection Measures

　　Client funds at DEGIRO are protected under the regulatory frameworks of the countries in which it operates. In the Netherlands, for example, client funds are protected up to €100,000 under the Dutch deposit guarantee scheme.

　　

Countries/Regions Served

　　DEGIRO serves clients across 18 European countries, including but not limited to:

• Netherlands
• Germany
• France
• Spain
• Italy
• United Kingdom
• Belgium
• Austria

　　

Compliance History

　　DEGIRO has faced scrutiny regarding its business practices, particularly concerning order execution and IT infrastructure. However, the company has taken steps to address these concerns and improve its operational standards.

　　

Competitive Landscape

　　

Main Competitors

　　DEGIRO faces competition from several key players in the online brokerage industry, including:

• Interactive Brokers: Known for its extensive market access and advanced trading tools.
• eToro: Popular for its social trading features and user-friendly platform.
• Saxo Bank: Offers a wide range of investment products and premium services.
• Robinhood: Attracts clients with commission-free trading and a mobile-first approach.

　　

Positioning in the Industry

　　DEGIRO positions itself as a low-cost broker that prioritizes transparency and accessibility. Its competitive pricing structure and user-friendly platform have made it a preferred choice for many retail investors in Europe.

　　

Market Differentiation Factors

　　Key differentiation factors for DEGIRO include:

• Low Fees: One of the most competitive pricing structures in the market.
• Global Access: Ability to trade on over 50 exchanges worldwide.
• User-Friendly Platform: Continuous improvements based on client feedback enhance trading experience.
• Regulatory Compliance: Strong oversight from multiple regulatory bodies provides clients with confidence in their investments.

　　For more information about DEGIRO, feel free to learn more here.

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