DEGIRO
Visit

Investing involves risk of loss

Vs.

Forex.com
Visit

Majority of retail CFD accounts lose money.

DEGIRO Vs. Forex.com - Compare and Choose the Right One

Updated Dec 14 2021

Visit

Investing involves risk of loss

Visit

Majority of retail CFD accounts lose money.

Overview

DEGIRO is a European leading stock broker providing access to more than 50 stock exchanges around the world with low commissions per trade and a simple to use platform.

Forex.com is a global broker headquartered in the U.S and part of StoneX (publicly traded company on NASDAQ) that specialises in offering CFDs based on commodities, currencies, indices, stocks, ETFs, shares, bonds and cryptocurrencies.

Best For
  • Investors from all experience levels looking to buy real shares, funds or ETFs for the long term
  • Active traders that look to access the large variety of exchanges offered
  • Traders of all levels (beginner to advanced) looking for competitive pricing
  • Trades of all levels looking for a great platform variety
  • High volume traders looking for ECN or DMA accounts offering deep liquidity for large trades
Trust

TTBTrust

9.4

Provided by TheTradingBible.com ®

Learn More

TTBTrust

8.5

Provided by TheTradingBible.com ®

Learn More
The Good
  • No conflicts of interest between DEGIRO and its customers
  • Virtually unlimited asset offering from 50 exchanges across the globe
  • Low fees when compared to traditional banking alternatives
  • Great platform offering (Proprietary, TradingView, MetaTrader 4 & 5)
  • Excellent asset offering (more than 5,000+ instruments)
  • Competitive spreads in some of their assets
The Bad
  • Credit card deposits are not available
  • Simplistic platforms with not many features
  • Fees are expensive when compared to commission free brokers
  • Despite presenting a great customisable platform, it still feels messy and not intuitive to use
  • Commissions are expensive when compared to similar competitors 
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 day 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
  • BaFin (Germany)
  • AFM (Netherlands)
  • FINRA (United States)
  • FCA (UK)
  • FFAJ (Japan)
  • IIROC (Canada)
  • CySec (Cyprus)
  • CIMA (Cayman Islands)
📍 Year Founded
2008 2001
💳 Minimum Deposit
0 $100
💰 Payment Methods
  • Bank Transfer
  • Paypal
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Bank Transfer
💵 Account Base Currencies
3 - USD, GBP, EUR. 6 - GBP, USD, EUR, AUD, JPY, CHF.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries

DEGIRO only provides services to citizens of Czech Republic, Spain, Ireland, Norway, Poland, Sweden, Denmark, Greece, Italy, Portugal, Switzerland, Germany, France, Netherlands, Finland and the United Kingdom. The rest of the countries worldwide are not able to use DEGIRO's services.

None
📊 STP Account
No Yes
📊 DMA Account
Yes Yes
📊 ECN Account
No Yes
Assets
📚 Available Assets

Real stocks, ETFs, bonds and options.

CFDs on currencies, commodities, indices, bonds, shares and cryptocurrencies.

📙 Stocks
Availability from 30 global exchanges. 4,500+
📘 Currency Pairs
N/A 93
📗 Commodities
N/A 35
📕 Indices
N/A 24
📔 ETFs
Availability from 20 Exchanges (Europe, Asia, Oceania) 700+
💸 Cryptocurrencies
N/A 5
📒 Bonds
Availability from 7 European exchanges. 14
📓 Options
Availability from 11 Global Exchanges. N/A
📗 Futures
Availability from 13 Global Exchanges. N/A
📝 Notes:

DEGIRO is a traditional DMA broker, which means you buy or sell real shares upon availability from stock exchanges across the globe. Their asset offering is virtually unlimited as it depends on exchange's availability.

All of Forex.com’s assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
N/A Varies per share (eg: 0.3 AMZN shares)
📉 Minimum ETFs Trade Size
N/A Varies per ETF (eg: 5 contracts of XLK)
📈 Minimum Crypto Trade Size
N/A Varies per Cryptocurrency (eg: 0.01 BTC)
📉 Minimum FX Trade Size
N/A $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
N/A Varies per commodity (eg: 1 contract of Gold)
📉 Minimum Bonds Trade Size
N/A Varies per Bond (eg: 1 contract of Euro Bobl)
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
N/A Up to 1:30
💪 Professional Leverage
N/A Up to 1:500
✍ Customisable Leverage
N/A No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
No Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
No Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
No

Yes, $15 monthly after 1 year of inactivity.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions

Yes and varies per asset and exchange, eg: If you were to purchase £2,000 worth of Apple shares at a price of $300 your total commission would have been £0.44.

Yes depending on account type.

  • Standard account has no commissions
  • “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn
Spreads
📈 EUR/USD
N/A Dynamic - From 0.8 Pips
📉 SP500
N/A From 60 Pips
📈 GOLD
N/A From 50 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A Dynamic - Market Spread
📉 BTC
N/A From $120
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No Yes

By using TheTradingBible.com's website you agree to the use of cookies.