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DEGIRO is a Dutch online brokerage platform based in Amsterdam, founded in 2008 and launched to retail investors in 2013. The company revolutionized retail investing in Europe with extremely low fees and access to 32 stock exchanges across Europe, North America, and Asia. In 2020, DEGIRO was acquired by German flatex AG to form flatexDEGIRO Bank SE.
Written by Traderforum research from official DEGIRO documentation and source-checked pages. This editorial analysis is independent of member reviews and does not affect stars, review counts or community rank.
DEGIRO is a pan-European discount stockbroker founded in Amsterdam in 2008, initially serving institutional investors before expanding to retail clients in 2013. Following its 2020 acquisition by flatex AG for approximately €250 million, the broker is now regulated by BaFin (Germany's Federal Financial Supervisory Authority) and operates as the Dutch branch of flatexDEGIRO Bank AG. With approximately 3.5 million clients managing €70 billion in assets across 16 European countries, DEGIRO has established itself as the continent's largest low-cost brokerage by retail account count. The platform's business model centres on aggressive cost reduction through a custody-and-omnibus structure rather than direct registered ownership, enabling exceptional pricing unavailable through traditional brokers. The custody model historically faced scrutiny over securities lending, yet the firm has made this optional for new Basic accounts. As of 2026, DEGIRO provides access to 32+ stock exchanges and 5,400+ ETFs, primarily targeting cost-conscious retail investors with average holdings around €30,000 and multi-decade investment horizons seeking maximum efficiency.
DEGIRO operates a functional, utilitarian web platform and native mobile applications for iOS and Android, enabling order placement and portfolio tracking across 32 global exchanges spanning North America, Europe, and Asia-Pacific regions. The platform supports standard order types—market, limit, stop-loss and stop-limit orders—with day and good-till-cancelled toggles. The broker's proprietary charting tools provide basic technical analysis; advanced research functionality remains limited compared to traditional brokers, though DEGIRO offers access to analyst views and financial data feeds. No APIs or algorithmic trading support exists. Multi-currency account support is available in EUR, GBP and other local currencies depending on jurisdiction. The platform's design, whilst reliable with consistent uptime, appears visibly dated relative to contemporary competitors, prioritising execution efficiency over aesthetics. Mobile apps match web capabilities for core trading operations but lack some advanced features.
DEGIRO's pricing structure is genuinely competitive and transparent. Core Selection ETFs (approximately 200 instruments) trade free once monthly per ETF when minimum trade size exceeds €1,000; additional trades cost €2–€3 per transaction. Stock trading varies by exchange: Frankfurt-listed stocks cost approximately €2 plus small per-share components; Amsterdam, London, and Paris similarly charge €2–€4 plus per-share fees; US-listed stocks cost roughly €1 plus per-share charges. Custody fees are zero for stocks and ETFs on most exchanges, with minor €2.50 annual charges applying only to non-default exchanges. No withdrawal or inactivity fees apply. Foreign currency conversions incur approximately 25 basis points (0.25%) on non-EUR trades—roughly half competitors' rates. Concrete example: a €2,000 Core Selection ETF trade costs €0; off-list ETF trade €2–€3; €2,000 US stock trade €1 commission plus ~€5 FX conversion. This cost structure significantly undercuts traditional European brokers charging €15–€30 per transaction.
DEGIRO operates under BaFin (Federal Financial Supervisory Authority) regulation following the 2020 flatex merger, providing stricter oversight than its previous Dutch broker-only status. The parent company, flatexDEGIRO Bank AG, is publicly listed on the Frankfurt Stock Exchange with consistent profitability and transparent quarterly reporting. Client cash is held at flatex Bank and protected under German statutory deposit insurance (Entschädigungseinrichtung deutscher Banken) up to €100,000 per depositor per institution. Securities are held in segregated custody accounts, legally insulating them from flatex Bank's balance sheet; recovery occurs through administrator proceedings if insolvency occurs—slow but legally protected. Default Custody accounts participate in optional securities lending programmes; borrower collateral mitigates failure risk theoretically, though participation assumes non-zero default potential. The Basic account exempts investors from securities lending entirely. DEGIRO has faced minor regulatory actions regarding disclosure and reporting quality; none have suggested customer-fund risk or structural weakness.
Opening a DEGIRO account requires online application with standard KYC verification (full name, address, employment status, investment experience assessment). Minimum deposit is effectively €0.01, though practical first investment typically exceeds €100 to justify transaction fees. SEPA bank transfers fund accounts, processing within one to two business days, occasionally extending to three during high-volume periods. Withdrawals return only to the designated primary reference bank account; the platform allows linking up to two bank accounts but processes withdrawals solely to the primary. Multiple DEGIRO accounts may share the same source bank account. Base currency is EUR for most Continental European accounts; GBP, CHF and other local currencies available in specific jurisdictions. Cash balances earn no interest and incur no custody fees. Account opening typically completes within one business day; full activation and trading capability may require 24–48 hours additional verification.
DEGIRO offers email support, in-app chat, and comprehensive FAQ resources; phone support availability varies by jurisdiction and is not universally offered. Response times are adequate during standard trading hours but slow materially during market volatility or high-traffic periods, sometimes extending from days to weeks. Complex queries may require multiple back-and-forth exchanges. Community sentiment from Trustpilot and Reddit reflects broad appreciation for cost efficiency and platform reliability. Recurring positive themes emphasise exceptional pricing, straightforward account setup, consistent execution, and suitability for long-term buy-and-hold strategies. Common frustrations centre on slow customer support during market stress, variable KYC processing times in non-core EU jurisdictions, and outdated user interface aesthetics. Educational resources remain minimal; DEGIRO provides limited learning modules, webinars, or community features compared to competitors. Overall Trustpilot ratings average 4.0–4.8 across European markets.
DEGIRO remains the optimal choice for cost-conscious European buy-and-hold investors seeking lowest-fee access to global markets, particularly those prioritising broad ETF portfolios and long-term wealth accumulation. Its unmatched fee structure, BaFin regulation post-flatex merger, segregated custody, deposit insurance protection, and broad exchange access justify its market leadership and 3.5 million-client base. However, DEGIRO suits specific investor personas: long-term savers with stable EUR income, individuals indifferent to cutting-edge user experience or responsive support during market stress, and buy-and-hold strategists comfortable with manual dividend reinvestment. The custody-omnibus model and optional securities lending programme merit explicit understanding before account opening. Investors requiring advanced charting tools, fractional shares, automated dividend reinvestment, responsive support or premium UI should evaluate Trade Republic (savings automation), Interactive Brokers (professional tools), or eToro (user experience). DEGIRO's balance of cost, safety and simplicity remains difficult to match among European brokers as of 2026.
Source-attributed product facts checked 2026-08-01. Terms can vary by legal entity, account type and client jurisdiction; verify the linked official documents before opening an account.
Very competitive pricing. ETFs from €0-3 per order. Stock trades typically €0.50-2 per order depending on exchange. Connection fee maximum 0.25% of portfolio value per year (max €2.50 per exchange). No custody fees.
Investor compensation scheme (€20,000 Netherlands, €100,000 Germany)
Share specific facts about deposits, execution, withdrawals, fees and support.
Aggregates and recurring themes are paraphrased from the linked public source. They are not Traderforum member reviews and do not control the community ranking.
Checked 2026-08-01
No formal complaints on record.