DEGIRO is a 2008 discount broker. The broker began its industry journey in 2013 in the Netherlands. It originally belonged to an online wholesale broker and is expanding gradually in the European market.
To learn more about the broker, we have a DEGIRO review. It gives traders a brief analysis of the broker and its services. So they can understand what it offers and how well they can use the platform to trade online.
So, let's dig in and have a DEGIRO review.
What is DEGIRO?
DEGIRO is a European brokerage company. It is based in Amsterdam and was founded by a group of five former employees of Binck Bank. The company aims to serve the professional market.
In 2013, the company began offering stock brokerage services to retail traders. Thus, giving traders online access to the security exchanges globally.
It is a private limited company that operates in financial services. From 2008 to 2022, the company has come a long way with the best of its services.
Pros and Cons
The pros and cons of the company give traders an insight into the services and features of the broker. Below we have them to make its offering clear to readers:
Pros:
Cons:
Features of DEGIRO
DEGIRO offers its clients the best trading services. It ensures that they make effortless trading with a high success rate using the features available on the platform.
Below we have the features that traders can access at the broker's platform:
Fee Transparency
Fee transparency is an unusual feature that is hardly available with other online brokers. It says it has a transparent fee structure; it does not have any inactivity or trading fees charged by its clients.
Account holders can use the services without the fear of paying extra. Also, they provide a PDF on their website with the applicable charges; if the charge is not there, it won't be levied on traders.
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Award-Winning Broker
DEGIRO has eight two awards for its services online. It is a milestone in itself. Traders can trust the platform with so many awards for its services. Thus, it has a good market reputation.
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Low Fees
The platform provides low trading fees for accessing the platform and its services. For example, traders can invest in stocks or ETFs with no fees. Also, a low commission is being charged on traders compared to other online brokers.
Good Number of Client
DEGIRO has a high volume of traders joining the platform daily. So, new traders need not worry as the platform is authentic with several traders. In addition, its large user base makes traders trust the platform and make the most of their services available.
Proprietary Technology
DEGIRO has the proprietary technology that it offers to clients. So, it has a user-friendly platform and various useful trade features.
DEGIRO Account Type
DEGIRO has two types of accounts to trade online. Users can open an account quickly and select the one that supports their trading goal. Below table shows the account and how different they are:
DEGIRO Reliability and Security
DEGIRO is a regulated broker. It works under the authority of the Financial Conduct Authority (United Kingdom), the Federal Financial Supervisory Authority (Germany) and the Financial Markets Authority (Netherlands).
The platform is secure for traders. They can easily invest using the services; besides, it has many awards that determine its reliability. The platform is easy to use and prioritises its client's safety.
Conclusion
DEGIRO review gives a detailed analysis of the broker. It offers the best market services to its clients. They can have fee transparency, enjoy low fees, various tools, and two account types to trade.
The broker is best for beginners and experts with its advanced facilities. Also, the broker has high security and regulation—overall, a reliable broker of the financial market.
