ForexVox Vs. DEGIRO - Compare Trustworthiness, Capabilities, Fees and Legitimacy

ForexVox is a new trading name from Valutrades, a broker operating since 2012 that offers currencies, indices and commodities under FCA and FSAS regulation.

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.

• Experienced traders that look for an ECN account offering with commissions
• Currency traders

• 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

• FCA (United Kingdom)
• FSAS (Seychelles)

• BaFin (Germany)
• AFM (Netherlands)

• FCA Regulation and being a trading name of ValuTrades (founded in 2012)
• Scalping is allowed
• Ecn account offered

• 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

• Poor asset offering (less than 100 instruments)
• Low platform offering (only MT4 and MT5 available)
• Client area lacks usability
• Average spreads are high

• Credit card deposits are not available
• Simplistic platforms with not many features
• Fees are expensive when compared to commission free brokers

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• 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.

• Visa
• Mastercard
• Skrill
• Neteller
• UnionPay
• USDT (Tether)
• Bank Transfer
• SticPay

• Bank Transfer
• Paypal

US, CA, SY, IR.

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.

• No commissions on their standard account
• A $7 per lot round turn commission on their ECN account

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.