Banking · Online broker
DEGIRO: European online broker under a German banking licence
Online broker operated by the Dutch branch of flatexDEGIRO Bank SE, open to people who are exclusively tax resident in one of a published list of countries, with a cash account covered by the German deposit guarantee.
Please note
Characteristics
- Family
- Online broker
- Regulator
- BaFin
- Regulator country
- Germany
- Deposit guarantee
- Yes
- Remote opening
- Yes
- Currencies
- EUR
- Services
- Securities and trading
- Accepted residencies
- Austria · Belgium · Bulgaria · Estonia · France · Germany · Greece · Switzerland · Ireland · Italy · Lithuania · Luxembourg · Netherlands · Romania · Portugal · Singapore · Spain
- Refused residencies
- Not provided
- Home country
- Netherlands
DEGIRO requires you to be exclusively resident, including for tax purposes, in one of the countries published on its account opening page: Australia, Austria, Belgium, Bulgaria, Slovenia, Czech Republic, Denmark, Estonia, Finland, France (including French Guiana, Guadeloupe, Martinique, Mayotte, Réunion and Saint-Martin), Germany, Greece, Switzerland, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, New Zealand, Romania, Poland, Portugal (including the Azores and Madeira), Singapore, Slovakia, Spain (including the Canary Islands, Ceuta and Melilla) and Sweden. You must be of legal age and have a valid identity document, a smartphone and a bank account in your name in the SEPA area. US persons within the meaning of the US tax authorities are refused, wherever they live. No income or wealth requirement is published. The United Kingdom, the Emirates and Hong Kong are not on this list.
Published figures
Who the institution is, and what its protection covers
DEGIRO is the brand of flatexDEGIRO Bank Dutch Branch, the Dutch branch of flatexDEGIRO Bank SE. The bank is primarily supervised by the German BaFin; the branch is registered with the DNB and supervised by the AFM and the DNB.
Uninvested cash is held in a personal cash account, with its own IBAN, at flatexDEGIRO Bank SE. It falls under the German deposit guarantee scheme, up to up to €100,0003 per client. This account is used solely to fund investments: no card, no everyday payments.
Securities are held by a separate legal entity dedicated to their custody and are not accessible to the broker's creditors. Should they not be returnable, the German investor compensation scheme covers part of the loss, up to figure being updated per client. Crypto-assets are not covered.
Published fees
On the main exchanges, such as Euronext Paris or the US markets, a share transaction costs €12 in brokerage, plus a handling fee of the same amount. ETFs in the core selection are exempt from brokerage but remain subject to the handling fee.
Each foreign exchange on which the client holds positions incurs an annual connectivity fee, capped at figure being updated per exchange; the local exchange is exempt. Custody of securities is free (€01) and the minimum deposit is nominal (from €0.014).
We do not reproduce the full exchange-by-exchange fee schedule or the currency conversion fees applied to securities denominated in foreign currencies: they depend on the exchange and the conversion method, and must be read on the fee schedule in force at the time of the order.
What an expatriate should check
- Exclusive tax residency: being tax resident in two countries, or in a country not on the list, rules out opening an account; a change of residence must be reported and may require the portfolio to be transferred.
- The reference bank account: it must be in the client's name and located in the SEPA area, which excludes an expatriate whose only account is outside Europe.
- US status: it bars access, even for a European resident.
- Taxation: the treatment of investment income and the obligation to declare an account held abroad are governed by the country of residence, not by the broker; they should be checked before opening.
The currencies in which the cash account can be held and any interest paid on cash are not specified on the pages consulted.
Sources and verification dates
- 1.
- 2.
- 3.
Deposit guarantee ceiling : €100,000
« l'argent déposé sur un compte espèces auprès de flatexDEGIRO Bank SE est protégé jusqu'à 100 000 € par client »
- 4.