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Degiro Avis: what is the cheapest stockbroker really worth?

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This trading platform has received dozens of prestigious awards from leading research firms and financial institutions.

What justifies this avalanche of international awards? Does this broker offer quality services? How do transactions take place on this site?

Degiro Stock Exchange a meteoric rise

Degiro Bourse, a meteoric rise

The creation of this brokerage company dates back to 2008 in the Netherlands. 5 former Binck employees combined their efforts to develop this trading platform. Initially, the site offered its services exclusively to professional investors. In 2013, the Dutch broker successfully expanded its services to private investors. The promoters took the opportunity to export their experiences to several European countries such as Belgium and France. In just a few years, Degiro has managed to establish itself as a leader in the trading world. It provides access to more than 50 stock exchanges around the world. The company is now part of the listed group flatexDEGIRO.

Degiro currently operates in nearly 20 countries with more than 630,000 accounts. This broker offers quality services and the cheapest rates on the market. It has succeeded in meeting this challenge thanks to an increased dematerialisation of its offers and its spectacular growth with consequent economies of scale. This has allowed developers to make a significant reduction in margins. According to public statistics, DIGERO France carried out around 5 million transactions in 2020. In the same year, the Dutch broker almost doubled its customer base in France.

Degiro Stock Exchange a commendable record of achievement

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Degiro's track record of success

This trading platform guarantees quality services despite its revolutionary rates. The broker has received prestigious awards from leading research firms and financial institutes in the various countries in which they operate. Degiro bourse has already received over 60 international awards since its inception.

  • In 2017, the German financial services quality certification institute NTV recognised this broker as the "Most popular broker transparent".
  • In France, the consecration of this broker took place in 2018. Investment Trends awarded it 4 trophies in the categoriesService Customer", "Customer satisfaction", "Mobile platform"and "Value for money".
  • The Netherlands has also attributed to this online trading the "best broker 2018" award.
  • In Great Britain, the Financial Times and Investors Chronicle newspapers have awarded the platform the distinction ofBest low cost broker"and "Best mobile application".

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Degiro Exchange a modern and attractive platform

Degiro Avis, a modern and attractive platform

The site impresses with its beautiful design. The information and functions are clearly displayed thanks to its clean architecture. This makes the trading tools easier to learn and optimises the user experience. On Degiro, Euronext quotations are made in real time. This applies to countries such as France, Belgium, the Netherlands, Portugal, etc. Trading on other stock exchanges is done with a deactivated delay of about fifteen minutes.

In addition, the broker has developed a Degiro mobile application to make it easier for users. Compatible with Android and iOS, this software allows investors to trade from a smartphone. They can buy and sell shares in real time. The Degiro webapp provides access to a streamlined, ergonomic and fast platform. Its high flexibility and efficiency convinced the UK's Financial Times and Investor Chronicle newspapers to award it the "best mobile trading app in the UK". However, the app is not a complete substitute for the internet platform. The website offers much more refined tools for in-depth market research and best technical analysis offers.

Degiro Stock Exchange powerful trading tools

Degiro Features, powerful trading tools

The broker offers various functionalities for easy management of investments.

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  • Degiro has an interface (Web Trader) easy to use, fast and user-friendly. The mobile version allows customers to carry out operations from their smartphone.
  • This broker has also provided an information bar (Quick Bar) for consulting advertisements, transactions, etc.
  • The "Quick Order"It is also very useful for placing an order without wasting time.

Similarly, the trading platform offers detailed product pages. Customers can find out the latest stock market news and key figures such as pricing data, ratios, etc. This allows them to analyse in depth the offers available. Traders can access other useful information in the 'dividend' and 'income' sections.

Degiro Exchange a quick and easy registration

Degiro Simplicity Avis, a quick and easy registration

The process is not complex and does not require any computer skills. The broker has set up a completely paperless account opening procedure. Please note that you have the possibility to sponsor to receive €20 in free brokerage fees. Your mentor could help you master the world of trading faster. There are two steps to registration.

  • Enrolment is based on a derived bank identification system. In concrete terms, the site's algorithm validates the user's information by directly querying his or her financial institution on the basis of his or her electrical signature. The latter must make an initial minimum transfer of €0.01 to confirm the information transmitted.
  • In the second step, Degiro activates the ordinary securities account by crediting it with the amount deposited. The client can then start placing orders. The Dutch company allows a transfer of securities held in the portfolio of another broker. The process takes 4-5 weeks.

Degiro, Exchange for various profiles

Degiro, Stock Exchange, various profiles

Degiro has planned several operating levers with various interesting features to optimise investments.

  • Basic This is activated by default on each account and allows only financial products to be bought and sold.
  • Active It allows trading in derivatives. Users can therefore benefit from the leverage effect within a certain limit. They also have the possibility to take advantage of short selling.
  • Trader This operating lever offers a much more optimised margin system.
  • Day Trader It is much more comprehensive. Customers can trade intensively during certain time slots.
  • Custody As soon as this profile is activated, your securities are held in a separate account with Degiro's custodians. This means that the broker cannot lend them to other clients of the platform. This trading leverage also does not allow for short selling, derivatives and margining.

The choice of profile should definitely be based on the level of brokerage. Users should study the derivatives to minimise the risks involved. The DEGIRO platform allows users to switch from one investor profile to another with a few clicks. The site does not charge any additional fees. Cautious users often opt for the Custody profile.

Degiro Bourse a comprehensive brokerage service for individuals

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Degiro Bourse, a very complete brokerage offer for individuals

Registrants automatically have access to thousands of regulated instruments on 50 stock exchanges in Europe, North America, Asia and Oceania. Investors can buy stocks and bonds. The site also sells Trackers, Options and Futures. It also provides customers with leveraged products such as warrants, turbos, certificates, etc. It provides access to offers from investment funds and undertakings for collective investment in transferable securities. Finally, DEGIRO offers an equivalent to the deferred settlement service (DTH) or the order settlement with deferral (MMR).

L'Investor Academy Degiro has provided enough educational resources to help novice traders learn. A dozen lessons cover topics such as financial products, order types, asset price determinants, etc. Available in several languages, these tutorials and videos reveal the fundamentals of investing and the strategies to adopt to maximise profits. However, the platform does not allow you to open a demo account. Degiro does not yet allow legal entities to register. The promoters are working hard to set up a share savings plan (PEA). The administrative steps will certainly be completed soon.

How does Degiro Bourse work?

How does Degiro Bourse work?

DEGIRO is one of the most credible brokerage companies on the market. Its offers are aimed at both professionals and individuals. This platform makes it easy to place orders and carry out transactions with complete peace of mind thanks to modern trading tools and features. The order execution procedure remains fairly simple. This makes trading easy.

  • In the first step, the investor begins by selecting the stock he or she wishes to trade. This can be done by using the company name or the ISIN code of the share. He enters this information in the search bar of the site. He can obtain an Airbus share, a Schneider share, a Nexity share, etc. Generally, several choices appear. They correspond to the offers of the different stock exchanges such as NASDAQ, Xetra, Frankfurt, etc. Customers have the opportunity to study the details of each proposal.
  • The rest of the procedure continues on the title card. The investor specifies the direction of the transaction, the type of order and its validity, the purchase price, the quantity, the value, etc. As soon as the transaction is confirmed, the order appears in the trader's address book. It remains there until it is executed. The new shares acquired are added to the portfolio, while the shares sold disappear from the ordinary securities account.

Degiro offers different types of orders to its clients. The broker has provided for the default order, the best limit order, the stop loss order, the range order, the stop loss order, etc. Exceptionally, the platform allows investors to trade by email and telephone.

Degiro Stock Exchange incredible rates

Degiro Bourse, incredible rates!

This brokerage company proposes a very complete offer with the possibility of accessing almost all the global markets. Degiro's fees remain insignificant on all trades. To date, Degiro remains the cheapest broker in Europe. It charges 85 % less than its direct competitors. For example, it charges 0.04 % in France. In the US, investors pay €0.50 and 0.004 $ per share. The same trend can be observed on other stock exchanges. The Dutch broker guarantees low fees with Degiro capped fees. This convinced the Financial Times & Investors Chronicle to award it the distinction of "Best Low Cost Broker".

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However, the trading platform charges for access to certain exchanges. This applies exclusively to customers who trade on these exchanges. The site charges 0.25 % of the value of the portfolio per year and per exchange, except for the equity market on Euronext Paris and Brussels. The broker charges a maximum of €2.5 for the connection to Euronext Derivatives, Eurex, NYSE, NASDAQ, etc.

The transparency of Degiro tariffs is a great asset. The trading platform does not charge any hidden fees. Better still, the company simply places orders on the stock exchange. It does not physically hold its clients' money. It stores it with the Dutch bank ABN Amro. In the event of bankruptcy, investors can easily recover their funds.

Degiro Quality Customer Service Exchange

Degiro Bourse, a quality customer service

This broker provides services that meet investors' expectations. Users of the platform can contact the room of the markets by telephone via a toll-free number. They also have the possibility to send e-mails. Degiro's advisors offer a warm welcome to customers. They are available from 8am to 10pm on weekdays. They respond promptly to problems that arise. The wait is usually less than a minute. Many reviews of Degiro testify to the efficiency of its services. With this Dutch company, there are no language problems. The customer relations team speaks French.

The full dematerialisation of the broker's services is an important asset. The site has provided a frequently asked questions based on current customer concerns. In addition, the advisors provide appropriate answers to technical problems. Degiro focuses solely on order execution. The broker does not offer a chartist analysis tool. However, it provides its investors with tutorials to help them make informed decisions independently. Many reviews of Degiro confirm the quality of its customer service.

Degiro Bourse an undisputed leader in online brokerage

Degiro Bourse, an undisputed leader in online brokerage

This broker is among the best brokers in Europe and worldwide. It stands out from its main competitors with a complete offer and an ultra-attractive pricing. Many reviews on the Degiro platform confirm it as a reference in trading.

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Degiro Exchange a high-end cost killer

Degiro Bourse, a high-end cost killer

As soon as it was launched, this broker announced its colours by smashing prices to the great displeasure of its main competitors. This has enabled it to quickly establish itself as a reference player in the stock market universe. According to Investment Trends, Degiro is one of the brokers that have managed to attract the most switchers. Most investors who want to change broker often end up on this Dutch trading platform. The average age of Degiro's clients is getting younger according to the same financial institute. This is due to the quality of the broker's services and the transparency of the prices charged.

Unlike its competitors, Degiro fires the all dividends after the foreign withholding tax. The site does not automatically deduct social security contributions and taxes. In practice, Degiro investors receive 85 % of the US dividend, whereas most brokers only pay 55 %. Clients only pay the difference of 30 % when they file their tax return for the following year. They can take advantage of this tax deferral system to maximise their earnings. Furthermore, Degiro does not file the tax return in advance like most competing brokers. The broker simply provides a single tax form (IFU) with the information to be completed. This gives investors the opportunity to carry out checks themselves.

Degiro Bourse a very competitive broker

Degiro Bourse, a very competitive broker

This Dutch broker outperforms its competitors on almost all of its offerings. A few points of comparison will help you understand the main advantages of this platform.

  • Degiro or Bourse Direct? Degiro is an excellent choice for people who want to invest outside Europe and do stock picking. The competition between the two brokers for sales of trackers on Euronext is very tight. Bourse Direct offers a stock savings plan, while Degiro PEA does not yet exist.
  • Degiro or Etoro? Both brokers are attractive because of their fairly comprehensive offerings. Etoro has a much more attractive trading platform with educational resources. Investors can open a demo account. Degiro, on the other hand, goes straight to the heart of the matter. It stands out for its competitive and transparent fees as well as the quality of its customer support.
  • Degiro or Binck? The Dutch broker outperforms Binck in terms of pricing. Binck offers decision support tools on ProRealTime and Protrader. However, this broker focuses more on European markets, while its Dutch competitor remains the undisputed leader for international transactions with a very attractive Degiro rate. Both platforms guarantee a high level of customer service.
  • Degiro or IB? The Dutch broker clearly outperforms Interactive Brokers in terms of pricing. IB is much more suitable for wealthy and very active investors. Its offerings are exclusively for the US market. Degiro offers better services at incredible prices.
  • Degiro or Saxo Bank? The Dutch broker distinguishes itself from this competitor by the quality of its services and the attractiveness of its rates. As for the second broker, it provides its clients with educational resources and high-performance analysis tools.
  • Degiro or Boursorama? The French bank has some serious trading advantages. Its investors benefit from an account and a card. However, its prices are still higher than the Degiro rates. Moreover, its international transactions are still rather limited.

Degiro Exchange interesting prospects

Degiro Bourse, interesting prospects

Currently, the broker only allows the opening of securities accounts. The implementation of the PEA Degiro will take place very soon. Investors also hope to be able to buy forex currencies and commodity shares on this platform. These offers will undoubtedly be an immediate success if the broker also manages to offer an attractive Degiro rate for each of them.

The Dutch broker provides very few educational resources and professional training. It is primarily aimed at experienced and seasoned traders. The broker could consider setting up a Degiro demo account to make it easier for beginners to learn. It will also attract new customers by installing relevant decision support tools such as charts.

Degiro Bourse our opinion on the cheapest broker

Degiro Bourse, our opinion on the cheapest broker

In a few years, this broker has managed to outperform its main competitors thanks to its very attractive pricing policy and its quality customer service. There are no custody fees, no inactivity fees and no account maintenance fees. Degiro does not deduct any commission for money transfers or unsubscribing. Many reviews of the broker Degiro confirm this broker as a true champion of transparency in the industry.

This trading platform allows individuals to easily diversify their portfolio at professional rates. Investors can easily access almost all European and international stock markets at very competitive prices. Its comprehensive range of services is aimed at both beginners and experienced traders. Degiro's quality of service and prices are well worth the awards given by research firms and financial institutions. Many Degiro user reviews confirm the effectiveness of its services. We are sure that Degiro will have more fantastic surprises in store for its customers to help them diversify and optimise their investments.

If you wish to To learn more about the stock market, see our article on ARYA.

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Why should you start trading?

Trading is becoming more and more fashionable. Indeed, with the meteoric rise of prognosticators, the dream life can be within reach. That's why it's important to get the facts before you do anything. With trading, you can make a lot of money if you deposit a large amount. After a few years, if you are lucky and have invested your money well, you can have a very good income from trading. 

You can read the different reviews to choose the trading platform that suits you. Indeed, the opinion on Degiro are quite positive, as it is a very simple and instinctive platform. So it's very easy to use and allows you to keep your money safe. What's more, you can even access it from your phone, so you can manage your money wherever you are. However, you are advised to ask different people for advice on what to do. Also, don't hesitate to read articles that explain what trading is all about.

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