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Degiro EU Overview for New Zealand
DEGIRO (part of flatexDEGIRO Bank AG) has grown into one of Europe’s largest online brokers since its launch in the Netherlands in 2013. It now serves over 2.5 million client accounts globally, offering access to a wide range of global markets including equities, ETFs, futures, bonds, and currencies. For New Zealand traders, DEGIRO is an appealing low-cost platform if you are looking to trade international stocks or forex from a simple, transparent broker. The fee structure is famously low — forex spreads start from around 0.5 pips on major pairs, and commissions are competitive with the best online brokers. However, it is not a dedicated retail forex broker: there are fewer currency pairs than industry leaders like IC Markets or FP Markets, and many advanced tools are missing. DEGIRO supports funding via international bank transfer, Skrill, and USDT (crypto), making it possible for NZ-based traders to fund their account in USD without opening a multi-currency bank account. Still, because DEGIRO does not hold a New Zealand Financial Markets Authority (FMA) licence, you should treat it as an EU-regulated remote broker rather than a locally supervised service. The broker is headquartered in Amsterdam, with regional offices in the Asia-Pacific, but there is no dedicated New Zealand entity. Keep reading for a full breakdown of fees, platforms and New Zealand-specific practicalities.
| Detail | Information |
|---|
| Founded | — |
| Headquarters | — |
| Regulated by | — |
| Min Deposit | $0 |
| Max Leverage | — |
| Platforms | — |
| Islamic Account | Not available |
| Copy Trading | Not available |
| Demo Account | Available |
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Regulation & Safety — Is Degiro EU Safe for New Zealand?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for New Zealand traders
Always verify Degiro EU's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
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Account Types for New Zealand Traders
Standard Account
No Commission
Min Deposit$0
EUR/USD Spreadfrom Check broker
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$0
EUR/USD Spreadfrom Check broker
CommissionVaries
IslamicCheck broker
PlatformsMT4/MT5
| Feature | Available |
|---|
| Demo Account | Yes |
| ECN/Raw Account | No |
| Islamic (Swap-free) | No |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | Yes |
| Copy Trading | No |
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Deposits & Withdrawals — New Zealand Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
New Zealand deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — New Zealand Muslim Traders
DEGIRO does not offer a dedicated Islamic account for New Zealand Muslim traders. All leveraged positions, including forex, are subject to overnight swap rates, which are interest-based and therefore not Sharia-compliant. While many brokers in the NZ market provide swap-free accounts automatically for clients requesting them, DEGIRO has no such policy — you cannot simply switch your account to zero swap. There are also no signs of a deferred adjustment for the Vantage or Active accounts. If you require a truly swap-free trading environment, you will need to consider a broker such as Exness, IG or another Islamic broker with genuine free swap on all instruments. If you still wish to use DEGIRO, you can avoid forex rollover by closing all positions before the end of the trading day, which is not practical for most swing traders.
| Feature | Details |
|---|
| Islamic Account Available | No |
| Swap Fees | May apply |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
No Islamic account
This broker does not offer an Islamic account. Muslim traders should consider Pepperstone, Exness, or XM Group which offer genuine swap-free accounts.
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Instruments & Markets in New Zealand
| Asset Class | Examples | Available | Typical Spread |
|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | Check broker |
| Gold (XAU/USD) | Spot Gold | Available | — |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Most popular instruments for New Zealand traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among New Zealand traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for New Zealand traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — New Zealand Review
Support verdict for New Zealand
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes New Zealand Traders Make with Degiro EU
- Mistake: Assuming your New Zealand bank transfer will arrive quickly without extra fees. International wire transfers from NZ banks to DEGIRO’s Dutch account can take up to 5 days and incur intermediary charges of $20–$50 NZD.
- Mistake: Using a EUR-denominated DEGIRO account to trade USD assets. You will be charged a 0.30% currency conversion fee every time you move between currencies, which can eat into your profits. Better to keep your account in USD and fund it with USDT.
- Mistake: Forgetting that DEGIRO is not licensed by the FMA and does not participate in NZ's Dispute Resolution Scheme. If your account is compromised, you have to rely on Dutch authorities, which will be a slow and costly process.
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Degiro EU vs Competitors in New Zealand
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| Degiro EU (current) | $0 | Check broker | No | No | 4.5 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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Security & Fund Protection — Degiro EU
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
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Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for New Zealand traders
Degiro EU segregates all client funds and holds regulatory licenses.
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Degiro EU User Reviews & Ratings
Trustpilot Rating
4.5
★★★★★
Based on verified reviews
CompareBroker Expert Rating
4.5
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
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Degiro EU Latest News & Updates 2026
Degiro EU expands TradingView integration
Degiro EU has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Degiro EU maintains top-tier regulatory status
Degiro EU continues to hold its regulatory licenses, ensuring client fund protection for New Zealand traders.
New instruments added for New Zealand traders
Degiro EU has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is Degiro EU Worth It for New Zealand Traders?
4.5/5
★★★★★
DEGIRO is an excellent low-cost broker for New Zealand investors who primarily trade global shares, ETFs, ETCs and a small basket of forex pairs. The platform is robust, the fees are extremely competitive, and the inclusion of USDT and Skrill funding makes it practical for Kiwis to transfer funds without massive bank conversion charges. That said, it is not a suitable broker for serious retail forex traders in New Zealand: the currency pair list is thin, there is no MT4/MT5, no Islamic account, and the absence of FMA registration means your consumer protections are not local. Our verdict is that DEGIRO is best suited to New Zealand traders who want to diversify their portfolio across international equities and occasionally take a forex position, rather than those who want the power, forex depth and 24/7 support of a dedicated CFD broker. If you are comfortable managing your own regulatory risk and can keep your account in USD, DEGIRO offers compelling value.
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FAQ — Degiro EU for New Zealand Traders
Is DEGIRO safe for New Zealand traders?+
How can I deposit money in DEGIRO from New Zealand?+
Does DEGIRO have Islamic account?+
What is the minimum deposit for DEGIRO in New Zealand?+
What trading platforms does DEGIRO offer?+
Is DEGIRO regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
