DEGIRO

DEGIRO is one of Europe's largest execution-only online brokers, known for its incredibly low fees and wholesale pricing structure. It provides retail investors access to over 50 global exchanges across 30 countries. In 2021, it merged with flatex to become flatexDEGIRO Bank AG, further solidifying its financial stability.

The platform offers a wide range of products including stocks, ETFs, bonds, options, and futures. DEGIRO is famous for its "Core Selection" of ETFs which can be traded commission-free (under certain conditions). It is a legitimate, highly regulated European bank/broker that is a favorite among cost-conscious passive investors.

Frequently Asked Questions

1. specific trading fees?

DEGIRO charges very low fees, often starting around €1.00 or €2.00 for stock trades on major exchanges like the US or local European markets. They also charge a small annual connectivity fee (€2.50) for each exchange you trade on outside your home country.

2. Is DEGIRO a bank?

Yes, following the merger with flatex, DEGIRO operates under a German banking license. This means that your uninvested cash balance is guaranteed under the German Deposit Guarantee Scheme up to €100,000.

3. Can I trade US stocks?

Yes, DEGIRO provides extensive access to US markets including the NYSE and NASDAQ. You can trade major US stocks with very low commissions, although you will pay a small foreign exchange (FX) fee on the currency conversion.

4. What is the Core Selection of ETFs?

The Core Selection is a list of popular ETFs (like Vanguard or iShares) that DEGIRO allows you to trade commission-free once per month. This is designed to encourage long-term monthly savings plans without eating into returns with fees.

5. Is it good for beginners?

DEGIRO is excellent for beginners due to its low costs and simple interface. However, it is an "execution-only" broker, meaning they do not provide investment advice or in-depth research reports, so you must do your own analysis.