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How and why to open an account with Degiro, choose the right type, know the conditions of use.
Founded in 2008 in Amsterdam, DEGIRO is a very popular online broker that offers traders extremely advantageous trading tools and conditions.
Since 2013, the company has exclusively focused its interests on European countries.
The structure of the platform used for trading has trading fees that are among the lowest on the market and an intuitive and easy-to-use interface capable of satisfying the needs of any type of trader, both experienced and novice.
To date, Degiro actively operates in 18 European countries offering its services to more than 1.2 million users.
|Company headquarters||Amsterdam, Netherlands 2008|
|Regulations||AFM, FCA, Consob|
|Available instruments||Stocks, ETFs, bonds and derivatives (options, futures)|
|Minimum deposit||€ 0.01|
|Mobile App||Available for IOS and Android|
|Support||Available 24/7 by email, phone|
Degiro offers a wide range of financial instruments in which to invest, but most of these can be used for trading only through certain types of accounts.
However, any interested investor will be able to start trading on low volatility securities with a relatively low percentage of risk even with basic accounts, namely Basic and Active. The platform, in relation to the type of account chosen, will automatically filter the tradable instruments.
How to open an account with DEGIRO?
Opening an account with DEGIRO requires accurate but extremely simple procedures to be implemented, aimed at a scrupulous selection of customers.
Each trader can sign up and open a completely free account in two ways:
- Through the dedicated page on official site .
- Through the downloadable DEGIRO app for both IOS and Android devices.
By opting for the first method listed the trader will have to perform the next simple steps in order to open a new account.
- Visit the official website and enter the registration page.
- Please provide a valid email address.
- Choose your username and password carefully.
- Confirm the account opening by clicking on the “Open” button.
To complete the registration, the trader will be required to provide his personal data (full name, professional address, date of birth, tax code), an IBAN of a bank account in his own name in the SEPA zone (Single Euro Payments Area, or Single Area of Payments in Euros), valid identity document (identity card or passport) and valid telephone number. During the registration process you will need to scan your ID using the smartphone camera and take a selfie to confirm your identity. It is advisable to have both the necessary documents and the telephone at hand so that you can proceed as quickly as possible with the registration.
With regard to registration via the DEGIRO app, the procedure is the same and can be carried out entirely through the use of the smartphone.
After completing each step, it will be possible to start trading on Degiro using one of the various accounts offered by the broker. We would like to remind you that DEGIRO does not offer traders the opportunity to open a demo account, but by offering a minimum deposit of € 0.01 the customer can start investing without having to risk practically anything.
The countries where you can open an account with DEGIRO are: Australia, Austria, Belgium, Bulgaria, Hungary, Croatia, Denmark, Estonia, Finland, France, Germany, Gibraltar, Great Britain, Greece, Guadeloupe, French Guiana, Ireland, Iceland, Italy, Martinique, Réunion, Latvia, Liechtenstein, Lithuania, Luxembourg, Maiotta, Norway, New Zealand, Netherlands, Poland, Portugal (including Azores, Madeira), Czech Republic, Romania, San Martino, Singapore, Slovakia, Slovenia, Spain (including Canary Islands, Ceuta and Melilla), Sweden, Switzerland.
Accounts available with DEGIRO
DeGIRO offers its customers four types of accounts and each trader can choose the most suitable for their style and needs.
During the registration process the broker will give the opportunity to access the Basic account type. The Basic profile offers the trader the opportunity to trade using a simplified list of instruments (stocks, bonds, funds, ETFs) ideal for novice investors. The main features of the account include the possibility of taking both long and short positions, trading on derivatives and receiving free real-time prices. The simplicity of this account can be considered extremely suitable for testing both the platform and the range of tools offered, A valid alternative to the demo account not available.
The Active account offers greater access to available products and the ability to use tools such as overdraft services, securities lending and derivative trading. The request for an account change from Basic to Active will be totally free.
The Trader account has a higher risk percentage than the Active account. Suitable for trades made by experienced traders, able to manage their investments on the market in the medium term.
Traders who opt for this type of account will be able to take advantage of the following advantages:
- Maximum leverage allowed by European regulations.
- Open both long and short positions.
- Access to a higher level of margin.
- Securities lending.
- Prices in real time.
We would like to clarify that traders wishing to return to the Basic type account will have to demonstrate that they have certain requisites necessary for the subsequent request to the Degiro Service Desk.
Account Day Trader
The Day Trader account was created exclusively for professional traders who are able to move freely on the market, the main features of the account include full access to the wide range of instruments available for trading (including those with the highest rate of risk), a 5% margin for intraday futures transactions and an intraday equity margin up to 3 times higher than that of the Trader account.
Any professional customer interested in opening such an account should contact support and make a request. This procedure is necessary to avoid incorrect activations and gives DEGIRO the possibility to quantize and analyze the investment volumes.