Degiro Review 2025: Trading Accounts, Demo Accounts and Withdrawals to Explore

Degiro	⭐⭐
Minimum Deposit	$0
Regulation	Not Regulated
Tradable Assets	ETFs, Stocks, Bonds, Options, Funds, Commodities
Live Account	Three account profiles (Basic, Active, Trader, and Day Trader)
Demo Account	❌
Trading Fees	€1 commission + €1 handling for US Stocks;€0 commission + €1 handling for selected ETFs;No inactivity feesNo deposit or withdrawal feesNo custody feesCurrency conversion fee: 0.25%
Trading Platform	Webtrader & Mobile App

About Degiro

DEGIRO claims to be a popular online broker known for its competitive trading fees and a great range of investment options, including stocks, ETFs, bonds, and options. DEGIRO stands out for is its low-fee structure, often significantly cheaper than competitors, achieved by focusing on execution-only services. This, however, comes at the cost of less comprehensive research tools and educational resources compared to full-service brokers. While functional, DEGIRO's platform is considered less sophisticated, lacking advanced charting, in-depth research, and real-time news. Additionally, its customer service has been criticized for some withdrawal problems, as well as being slow to respond at times.

✅Where Degiro shines:

• Low fees: DEGIRO is known for its competitive fees, particularly on stock trading and some ETFs.
• Wide selection of assets: It offers access to a broad range of stocks, ETFs, bonds, commodities, and futures.
• Global reach: DEGIRO operates in multiple markets across Europe and Asia.
• User-friendly platform: The platform is generally easy to navigate, especially for beginners.
• Strong focus on sustainability: DEGIRO offers a range of sustainable investment options, including ESG funds and green bonds. This can be appealing to investors seeking to align their investments with their values.

❌Where Degiro falls short:

• Lack regulations: DEGIRO currently operates under no regulation, which involves great risks.
• Limited research and analysis: DEGIRO provides less comprehensive market research and analysis compared to some competitors.
• No fractional shares: You can only buy full shares of stocks, unfriendly to smaller investors.
• Limited customer support: DEGIRO's customer support options may be limited compared to some larger brokers.
• Technical issues: Some users have reported technical issues with the platform.
• Mandatory security lending (for some accounts): Some DEGIRO accounts have security lending enabled by default. While it can generate small amounts of income, it exposes investors to potential risks, such as counterparty risk and the risk of forced liquidation.
• Focus on long-term investing: DEGIRO's fee structure and product offerings are generally more suitable for long-term investors, rather than short-term traders or day traders. This focus aligns with the needs of many retail investors.

Is Degiro legit?

Degiro experienced operation instability in recent years, and it went down a few times over the past years. Despite positioning the UK and Europe as its primary service region, Degiro lacks authorization from the Financial Conduct Authority (FCA). Here we can see clearly that FCA made a clear statement that Degiro is no longer authorized and prohibited undertaking regulated business in the UK.

Degiro Regulatory Issues

• On 23 April 2018, the Netherlands Authority for the Financial Markets (AFM) AFM imposed a fine (totalled €300, 000) on Degiro BV, and this is because this broker failed to implement an policy to prove its legal conduct in bussines activities. More details can be find here: https://www.afm.nl/nl-nl/nieuws/2020/juli/afm-legt-degiro-last-onder-dwangsom-op.
• In the early half year of 2023, WikiFX labeled Degiro as an unregulated forex broker following a review of its regulatory status.
• On 23 July 2023, the FCA issued a statement that Degiro B.V. , this EEA-based firm, that previously held UK market access through passporting rights, can no long undertake business in the UK unless an exclusion applies.
• On 30 January 2025, the Degiro dormain:degiro.co.uk expired according to Whois.This Degiro website was permanently closed and they switched to degiro.com/uk.

Degiro Accounts

DEGIRO doesn't offer different account types in the traditional sense, but rather three account profiles (Basic, Active, Trader, and Day Trader) which are essentially tiers within a single account structure. All clients open one DEGIRO account, and based on trading activity and meeting specific criteria, they can access the features and permissions of the higher profiles. While the core account functionality remains consistent, these profiles unlock access to features like margin trading and other advanced capabilities. Notably DEGIRO does not require a minimum deposit to open an account. You can open an account and explore the platform without funding it.

DEGIRO does not offer demo accounts. They encourage potential users to open a real account, which is free and has no minimum deposit requirement, allowing them to explore the platform with minimal risk.

How to open an account with DEGIRO?

Step 1: Visit the Degiro websiteand click the “Open an account” button on the upper right corner of its homepage or on the center of its homepage.

Step 2: The next page popping up requires you to fill out your email address, username, password, and then confirm your password to proceed. Then Degiro will send you an activation link. Click the link to acivate your email address and complete your registration process.

Step 3: Following email verification, you will again be required to provide your personal information, identity verification, tax information, and confirm client agreement to open a cash account. During this step, you will be asked to scan your ID with your phone camera, and take a selfie to confirm your identity.

Step 4: Since Degiro requires no minimum deposit to open a cash account, you can start to trade products you wish to trade after this step. The available currencies include: CHF, DKK, GBP, SEK, EUR, CZK, PLN. The landing page and some important registration process are only in German, which can cause some inconvenience for English users.

Overall, opening an account with DEGIRO is fully online and only takes around 1 day. Notably, Degiro charges no fee for inactivity accounts.

Degiro Fees

Major Trading Fees

DEGIRO offers incredibly low fees, thus it is described as the cheapest stockbroker. For US shares, the commission is €1 and the handling fee is €1 per trade. For selected ETFs, the commission is €0 and the handling fee is €1 per trade. For London Stock Exchange, the commission is ￡1.75 and the handling fee is ￡1. A handling fee of €1 applies for all products except for BNP & SGC OTC leveraged products & warrants, Tradegate (stocks), options and futures (excl. OMX Nordics).

Degiro charges no fees on deposit, withdrawal, monthly service, inactivity account and custody, a 0.25% fee applies to currency conversions yet.

However, DEGIRO charges high fees for outgoing transfers. When transferring ETFs and stocks to another broker, DEGIRO charges a fee of €20 per security (ETF or stock) plus some “external costs.” These so-called external costs can be substantial. For instance, transferring 10 stocks and 10 ETFs would incur an additional €200, a significant expense.

The following table compares overall fees charged by Degiro and some other brokers, eToro, Interactive Brokers, Webull, and Robinhood.

Feature	DEGIRO	eToro	InteractiveBrokers	Webull	Robinhood
Logo
Stock Trading Fees	Low, typically €1 + €1 handling fee	Commission-free (but spreads apply)	Tiered commission or fixed monthly fee	Commission-free	Commission-free
Account Fees	No inactivity or maintenance fees	A $10 inactivity fee	No inactivity fees	No inactivity or maintenance fees	No inactivity or maintenance fees
Currency Conversion	0.25%	0.75%	0.03%	Fees may apply	Fees may apply
Other Fees	May have fees for specific services (e.g., real-time data, options trading)	Spreads, overnight fees (for leveraged positions)	Data subscriptions, platform fees (for certain tiers)	Margin interest, OTC fees	Margin interest, Gold subscription (for additional features)

DEGIRO is a good choice for budget-conscious investors who prioritize low fees and access to a good variety of assets. However, it may not be the best option for those seeking extensive and solid research, advanced trading tools, or a more robust customer support experience. More importantly, this online broker operates outside of a regulatory framework, exposing investors under risks.

Digero Withdrawals

Withdrawing funds from the Digero, technically, requires no troublesome process.However, at Degiro, you can only withdraw funds though bank transfer.

Step 1: Log into your personal account.

Step 2: Withdrawal via App: select the burger menu and tap “Deposit/Withdrawal” button. While for withdrawals via platform, click the “Deposit/Withdrawal” section.

When you click on “Deposit/Withdrawal”, a dialogue box will appear. Select “Withdraw” and enter the amount you wish to withdraw.

However, it should be notable that you cannot withdraw funds that are currently invested. And withdrawals may take up to 2-4 working days to be completed. The time may vary due to various factors such as the currency of the withdrawals and the intermediary banks involved.

While Digero promotes its withdrawals as simple and easy, with rapid approval of withdrawal requests, the truth is that numerous users online complaint they had great difficulty in withdrawing funds.

UserReviews on Degiro Withdrawal

Some online Degiro users posted that they had difficulty in withdrawing funds, and this proves that this broker does not receive a positive feedback and exist serious withdrawal problems indeed.

Case 1: Very very very long withdrawal process

“Very very very long withdrawal process (waiting for 100+ days) on DEGIRO - mega bad experience, I'm longterm user of this platform - with relatively small account - meaning I have few tens of thousands of euro there. During May I decided to withdraw some money - approx ~3000~ euro, and you know what, they rejected that with claims of f***technical issues?”

This user, a long-term Degiro investor with significant funds, encountered a troubling situation when attempting to withdraw €3,000 in May. Degiro rejected the withdrawal request citing technical difficulties, prompting the user to suspect the broker is using this as a pretext to withhold funds. This incident exemplifies a troubling trend where certain brokers leverage technical difficulties to hide its unethical practices.

Case 2: Waited weeks for a simple withdrawal, constant delays and poor customer service

“Waited weeks for a simple withdrawal, constant delays and poor customer service.”

This user reported that he experienced continuous delay on a small withdrawal, and the Degiro customer support team gave no response. This was a totally negative experience, further corroborating the existence of withdrawal issues with this broker.

Is DEGIRO good for beginners?

I am afraid not. Degiro is not a good option for beginners.

DEGIRO, while offering competitive fees and a wide range of assets, may not be the most ideal platform for absolute beginners. While its user interface is relatively intuitive, the lack of robust research tools and limited customer support can pose challenges for those starting their investment journey.

For example, beginners often benefit from comprehensive market analysis, educational resources, and responsive customer support to guide their early investment decisions. DEGIRO's limited offerings in these areas may leave new investors feeling somewhat unsupported and reliant on external sources of information.

Furthermore, the absence of fractional share trading can hinder portfolio diversification for beginners with limited capital.This can restrict their ability to invest in a wider range of companies and build a well-diversified portfolio from the outset.

Most importantly, this broker has an unstable regulatory status, which can give much pressure on beginners if they choose to open an account here.