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DEGIRO Share Dealing Account *

By:  Malcolm Wheatley | Updated: 25th November 2021.

Great for: Experienced investors looking for low costs and a broad international reach

4.5 stars question mark

DEGIRO Share Dealing Account *

DEGIRO Logo
Apply Now!

On DEGIRO's Secure Website

* Affiliate partner

For experienced investors who trade frequently, DEGIRO has a lot to offer: global reach, ultra-low costs, and a relatively easy-to-use trading platform that’s now available on mobile. For those who want a little more hand-holding, or who don’t trade so frequently – or globally – then a DEGIRO account will probably have less appeal.

 

Risk Warning

Investments involve various risks, and you may get back less than you put in.

More details [+]

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

WHAT YOU NEED TO KNOW

  • †A €2.50 “exchange connection fee” is charged per non-UK exchange on which you trade, per calendar year
  • ‡€0.00 per trade for US shares (effective from 22/11/2021)
  • ‡£1.75 per trade for UK shares (note: until 20/12/2021 an additional fee of 0.014% also applies, up to maximum of £5 per trade)
  • Commission-fee trading on around 200 tracker ETFs on DEGIRO’s free selection list. From €2.00 commission per trade for other ETFs
  • Headquartered in The Netherlands, DEGIRO is subject to Dutch financial regulations, which bar brokers from holding client funds. Investors used to facilities such as dividend reinvestment will therefore find that DEGIRO can’t oblige

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

what we like

  • Ultra-low trading costs
  • Direct access to a wide range of international exchanges
  • Fast, simple trading of shares and ETFs
  • Platform Fee:

    From £0.00

  • Share Dealing Charge:

    From €0.00

Risk Warning

Investments involve various risks, and you may get back less than you put in.

- More details

WHAT YOU NEED TO KNOW

  • †A €2.50 “exchange connection fee” is charged per non-UK exchange on which you trade, per calendar year
  • ‡€0.00 per trade for US shares (effective from 22/11/2021)
  • ‡£1.75 per trade for UK shares (note: until 20/12/2021 an additional fee of 0.014% also applies, up to maximum of £5 per trade)
  • Commission-fee trading on around 200 tracker ETFs on DEGIRO’s free selection list. From €2.00 commission per trade for other ETFs
  • Headquartered in The Netherlands, DEGIRO is subject to Dutch financial regulations, which bar brokers from holding client funds. Investors used to facilities such as dividend reinvestment will therefore find that DEGIRO can’t oblige

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

Our bottom line

For experienced investors who trade frequently, DEGIRO has a lot to offer: global reach, ultra-low costs, and a relatively easy-to-use trading platform that’s now available on mobile. For those who want a little more hand-holding, or who don’t trade so frequently – or globally – then a DEGIRO account will probably have less appeal.

Even if you’re an experienced investor, Amsterdam-based DEGIRO may be a name that is new to you. Founded in 2008 to serve the wholesale market – inter-broker and professional dealing, in other words – the firm moved into the retail market in 2013. DEGIRO now has retail operations in 18 countries and boasts over 1.25 million account holders as part of flatexDEGIRO Group.

Top features of DEGIRO’s account

How many more times can I say ‘ultra-low pricing’ and ‘global reach’? Seriously, though, DEGIRO offers something that’s out of the ordinary, in both respects. That said, global reach may not be something that is relevant to your investing needs – do you really need to trade on the Istanbul Stock Exchange? – and if you don’t trade frequently, then DEGIRO’s low pricing won’t make that much difference.

Also handy is DEGIRO’s relatively wide range of order types – something that some retail brokerages can make difficult. Day orders, market order, limit orders etc: DEGIRO offers them, and across most of the assets classes that it handles, namely stocks, ETFs, futures, bonds, options and warrants. Again, though, if these order-types and assets classes aren’t important to you, or you’re not sure what you’re doing, these aren’t going to be features that will matter that much to you.

DEGIRO’s commission prices

DEGIRO has recently announced a shake-up to its commission pricing structure which it is currently in the process of rolling out:

For UK shares, DEGIRO currently charges £1.75 + 0.014% commission per trade, capped at a maximum of £5 charge. However, from 20/12/2021, DEGIRO it will simply charge a flat £1.75.

For US shares, effective from 22/11/2021, DEGIRO now offers commission-free trading on over 5,000 US stocks listed on the NYSE and NASDAQ exchanges.

To trade on other foreign stock exchanges, DEGIRO’s commission pricing varies and currently isn’t standardized. However, from 20/12/2021 this is being addressed and the following updated structure will apply:

  • Trading Canadian shares will become commission-fee
  • €3.90 commission to trade shares on European exchanges
  • €5.00 commission to trade shares on the Australia’s, Hong Kong’s, Japan’s or Singapore’s exchanges

The bottom line – if this is important to you – is that DEGIRO’s prices are already highly competitive and as this updated pricing rolls out, they are now even more so. Compared to some of the major players in the UK retail share dealing market, significant savings are on offer, which on smaller trades (£1,000 or so) amount to over a reduction of up to 84% when compared to the dealing charges for Hargreaves Lansdown (£11.95) or Halifax Share Dealing (£12.50).

Fees you should know about

There’s no platform fee as such with DEGIRO – that is, an annual or quarterly fee for the privilege of holding a DEGIRO account. That’s good because some lower-cost players in the market certainly do levy such fees.

But what DEGIRO does charge is what they call an ‘exchange connection fee’ in respect of international stock markets. There’s no applicable charge if you only trade in the UK on the London Stock Exchange, but buy or sell on foreign exchanges and you’ll be charged €2.50 per year for each foreign exchange that you’ve accessed.

Buying shares, ETFs and funds with a DEGIRO account

Trading quoted stocks on DEGIRO is straightforward, as you’d expect. Trading ETFs is similarly straightforward, although the fee structure (which covers worldwide-listed ETFs) differs from shares:

  • There is no charge to trade the ETFs tracker funds listed in DEGIRO’s Free ETF Selection list, although some T&Cs do apply. This is a relatively small selection – there are around 200 ETFs on this maintained list that you can pick from that are eligible.
  • Trading other ETFs attracts a commission charge of €2.00 + 0.03% per trade. (Note that from 20/12/2021, this will change to a flat €2.00 charge.)
  • If the ETF is listed on the Tradegate exchange, a higher commission charge of €3.90 applies.

Keep in mind that if funds feature prominently in your investment plans you’re likely to find brokers such as Hargreaves Lansdown to be a more appropriate home for your capital.

DEGIRO’s platform

DEGIRO’s trading platform provides excellent trading functionality and has improved the amount of information it carries on stocks. However, some users have described DEGIRO’s charting abilities as only average, and it certainly doesn’t seem possible to do the complex charting that I like to carry out on platforms such as Hargreaves Lansdown. Likewise, the mobile app is basic but perfectly adequate for buying and selling shares.

DEGIRO’s research offerings

DEGIRO’s unique selling point is its ultra-low fee structure. Education offers are minimal, and largely aimed at novice investors. Minimal DEGIRO-created research is available, although – as mandated by the Markets in Financial Instruments Directive (MiFID II) – DEGIRO has to make documents such as Key Investor Documents and fact sheets available. If extensive research is what you’re looking for, then DEGIRO probably isn’t the platform for you.

Service and support

DEGIRO has an extensive list of Frequently Asked Questions, although some of the answers appear to have been written by people for whom English isn’t their first language. The service helpdesk is available from 7am to 9pm Mon-Fri. Alternatively, DEGIRO says you can send it an email 24 hours a day, seven days a week. It doesn’t say if that email will be answered 24 hours a day, seven days a week.

Is a DEGIRO account right for you?

If you’re an active trader, using an ordinary brokerage account, then a DEGIRO account is worth looking at. If you prefer a fuller-featured platform and more research, then you’re likely to find other brokers will be a better fit for your requirements.


The Motley Fool receives compensation from some advertisers who provide products and services that may be covered by our editorial team. It’s one way we make money. But know that our editorial integrity and transparency matters most and our ratings aren’t influenced by compensation. Also, while we aim to feature some of the best products available, we do not review every product on the market. Learn more here. Any opinions or statements in this article belong to the author, and may be shared by The Motley Fool, however they were not provided or endorsed by our affiliate partners, unless expressly indicated.

Great for: Experienced investors looking for low costs and a broad international reach

4.5 stars question mark

DEGIRO Share Dealing Account *

DEGIRO Logo
Apply Now!

On DEGIRO's Secure Website

* Affiliate partner

For experienced investors who trade frequently, DEGIRO has a lot to offer: global reach, ultra-low costs, and a relatively easy-to-use trading platform that’s now available on mobile. For those who want a little more hand-holding, or who don’t trade so frequently – or globally – then a DEGIRO account will probably have less appeal.

 

Risk Warning

Investments involve various risks, and you may get back less than you put in.

More details [+]

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

WHAT YOU NEED TO KNOW

  • †A €2.50 “exchange connection fee” is charged per non-UK exchange on which you trade, per calendar year
  • ‡€0.00 per trade for US shares (effective from 22/11/2021)
  • ‡£1.75 per trade for UK shares (note: until 20/12/2021 an additional fee of 0.014% also applies, up to maximum of £5 per trade)
  • Commission-fee trading on around 200 tracker ETFs on DEGIRO’s free selection list. From €2.00 commission per trade for other ETFs
  • Headquartered in The Netherlands, DEGIRO is subject to Dutch financial regulations, which bar brokers from holding client funds. Investors used to facilities such as dividend reinvestment will therefore find that DEGIRO can’t oblige

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

what we like

  • Ultra-low trading costs
  • Direct access to a wide range of international exchanges
  • Fast, simple trading of shares and ETFs
  • Platform Fee:

    From £0.00

  • Share Dealing Charge:

    From €0.00

Risk Warning

Investments involve various risks, and you may get back less than you put in.

- More details

WHAT YOU NEED TO KNOW

  • †A €2.50 “exchange connection fee” is charged per non-UK exchange on which you trade, per calendar year
  • ‡€0.00 per trade for US shares (effective from 22/11/2021)
  • ‡£1.75 per trade for UK shares (note: until 20/12/2021 an additional fee of 0.014% also applies, up to maximum of £5 per trade)
  • Commission-fee trading on around 200 tracker ETFs on DEGIRO’s free selection list. From €2.00 commission per trade for other ETFs
  • Headquartered in The Netherlands, DEGIRO is subject to Dutch financial regulations, which bar brokers from holding client funds. Investors used to facilities such as dividend reinvestment will therefore find that DEGIRO can’t oblige

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.