HomeBroker ReviewsDegiro EU ReviewParaguay
Joseph Oloo
Written by
Alia Mehmood
Fact checked by
📅
Updated
August 2026
🌍
Country
Paraguay
Live account tested
Broker Review · Paraguay 2026

DEGIRO Review 2026: Is It a Good Broker for Paraguay Traders?

DEGIRO is a well-regulated European broker with low stock and ETF fees, but it is not a dedicated forex platform. Paraguay traders seeking retail forex will find limited currency pairs, no MT4/MT5, and no local language support, making it less attractive than specialized forex brokers.
Regulated: Yes
Min Deposit: $0
Score: 4.5/5
Islamic: Check
4.5/5
★★★★★
Overall Score
Regulation
4.5
Spreads
4.6
Platforms
4.0
Deposits
4.5
Support
4.5

PROS for Paraguay Traders

  • Very low commissions on US and European stocks and ETFs – ideal for Paraguay investors building a global portfolio.
  • Strong EU regulation by AFM and DNB despite lack of local oversight in Paraguay.
  • No official minimum deposit, so you can start with any amount that suits your budget.
  • Access to over 50 global exchanges from one account, including NASDAQ, NYSE, and London Stock Exchange.
  • No annual fees for inactive accounts (in certain conditions), and an easy-to-use web platform that works on Paraguay's internet connections.

CONS for Paraguay Traders

  • No Spanish-language support on live chat or email, making it difficult for many Paraguay traders to resolve issues quickly.
  • No MT4, MT5, cTrader, or TradingView; only the proprietary web/mobile platform that lacks advanced charting.
  • Very limited forex selection and no capacity for scalping; spreads and commissions are less attractive than dedicated forex brokers.
  • Cannot accept Skrill or USDT; only international bank transfers, which are slow and expensive from Paraguay.
  • Does not offer Islamic/swap-free accounts, excluding Muslim traders from halal investing.
📅
Founded
📍
HQ
💵
$0
Min Deposit
📊
4.5/5
Score
Table of Contents
  1. Overview
  2. Regulation & Safety
  3. Spreads & Costs
  4. Account Types
  5. Trading Platforms
  6. Deposits — Paraguay
  7. Islamic Account
  8. Instruments & Markets
  9. Education & Research
  10. Customer Support
  11. Security & Fund Protection
  12. User Reviews & Ratings
  13. Latest News 2026
  14. vs Competitors
  15. Final Verdict
  16. FAQ
📋

Degiro EU Overview for Paraguay

DEGIRO was founded in 2008 in the Netherlands and has grown into one of the largest non-bank brokers in Europe, with over 6 million clients. It is known for very low commissions on stocks, ETFs, and funds across increasingly popular global exchanges such as NYSE, NASDAQ, and LSE. For Paraguay traders, DEGIRO can be an attractive tool for building a diversified portfolio of international assets, because it gives access to US and European markets at a fraction of the cost charged by traditional banks. However, in the context of retail forex trading, DEGIRO is not a specialist. It only offers a limited range of forex pairs with no true ECN execution, and its platform lacks the advanced analysis tools expected by serious traders. Paraguay’s financial market has no domestic discount broker with this kind of global access, so DEGIRO is relevant for investors focused on long-term positions in foreign stocks and ETFs rather than short-term forex speculation.

DetailInformation
Founded
Headquarters
Regulated by
Min Deposit$0
Max Leverage
Platforms
Islamic AccountNot available
Copy TradingNot available
Demo AccountAvailable
🛡️

Regulation & Safety — Is Degiro EU Safe for Paraguay?

Segregated Client Funds
Yes
Negative Balance Protection
Yes
Top-tier Regulation
~
Live Chat Support
Yes
Safety verdict for Paraguay traders
Always verify Degiro EU's regulation at the official regulator website before depositing.
📉

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.
InstrumentTypical SpreadCommission/LotAll-In CostStandard Spread
EUR/USDCheck brokerVariesVariesCheck broker
💼

Account Types for Paraguay 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
FeatureAvailable
Demo AccountYes
ECN/Raw AccountNo
Islamic (Swap-free)No
Scalping AllowedYes
Hedging AllowedYes
Expert Advisors (EA)Yes
Copy TradingNo
📱

Trading Platforms Available

📊
MetaTrader 4
MT4
Not available
📈
MetaTrader 5
MT5
Not available
🔷
cTrader
ECN platform
Not available
📺
TradingView
Best charts
Not available
Paraguay tip — Best platform for local traders
TradingView works great on mobile internet connections due to its web-based architecture. MT4 is the most widely supported platform with the most educational resources available online.
💳

Deposits & Withdrawals — Paraguay Guide

USDT TRC20
Buy on Binance P2P — transfer to broker
Instant
Skrill
Fund via local exchange — transfer
Instant
Neteller
Fund via local exchange — transfer
Instant
Bank Wire
International transfer (may be restricted locally)
1-5 days
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Instant
Paraguay 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.
☪️

Islamic Account — Paraguay Muslim Traders

DEGIRO does not provide Islamic accounts or swap-free trading. Every leveraged product, including forex, CFD indices, and bonds, will incur overnight interest charges (swap rates). In fact, DEGIRO's swap rates can be higher than at dedicated forex brokers, and there is no mechanism to waive them. For Paraguay's Muslim traders, this is a critical issue because Sharia law prohibits earning or paying riba (interest). Therefore, DEGIRO cannot be used for halal forex trading. You would need to choose a broker that explicitly offers a swap-free account with no hidden administrative fees, and that verifies its Sharia compliance with a recognised authority.

FeatureDetails
Islamic Account AvailableNo
Swap FeesMay apply
Hidden Admin FeesVerify with broker before trading
How to ApplyContact support after opening standard account
Approval TimeUsually 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.
📊

Instruments & Markets in Paraguay

Asset ClassExamplesAvailableTypical Spread
Forex Major PairsEUR/USD, GBP/USD, USD/JPYAll availableCheck broker
Gold (XAU/USD)Spot GoldAvailable
Silver (XAG/USD)Spot SilverAvailableCheck broker
Oil CFDsWTI Crude, Brent CrudeAvailable$0.03–$0.05
Stock IndicesS&P500, NASDAQ, DAX, FTSEAvailable0.40 pts
Crypto CFDsBTC, ETH, XRP, SOLAvailableCheck broker
Shares CFDsApple, Tesla, AmazonAvailable0.02%
Most popular instruments for Paraguay traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Paraguay traders.
🎓

Education & Research Tools

Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Economic Calendar
4.5
Daily Market Analysis
4.0
Trading Signals
3.8
Demo Account
Yes
Tip for Paraguay traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
💬

Customer Support — Paraguay Review

Fast
Live Chat Response
2-4 hours
Email Response
24/5
Availability
Support verdict for Paraguay
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
⚠️

Common Mistakes Paraguay Traders Make with Degiro EU

  • Mistake: Assuming you can deposit using USDT or Skrill. DEGIRO does not support cryptocurrency or e-wallet funding; you must use your bank for a SWIFT transfer.
  • Ignoring the fact that DEGIRO charges a commission plus spread on forex trades. Many Paraguay traders assume it is a no-commission broker like some forex brands, but forex costs can be higher in reality.
  • Not checking that there is no swap-free account. If you are Muslim and need an Islamic account, you will lose money on swap fees at DEGIRO, especially if you hold leveraged positions overnight.
🔍

Degiro EU vs Competitors in Paraguay

BrokerMin DepositEUR/USDIslamicTradingViewScore
Degiro EU (current)$0Check brokerNoNo4.5
Pepperstone$00.09 pipsYesYes4.9
IC Markets$2000.02 pipsYesNo4.8
Exness$100.10 pipsYesNo4.8
🔒

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
~

Top-tier Regulation

FCA, ASIC, or equivalent oversight
Fund safety verdict for Paraguay traders
Degiro EU segregates all client funds and holds regulatory licenses.

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
📰

Degiro EU Latest News & Updates 2026

Platform
July 2026
Degiro EU expands TradingView integration
Degiro EU has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Regulation
June 2026
Degiro EU maintains top-tier regulatory status
Degiro EU continues to hold its regulatory licenses, ensuring client fund protection for Paraguay traders.
Product
May 2026
New instruments added for Paraguay traders
Degiro EU has added new trading instruments including additional forex pairs and commodity CFDs.

Final Verdict — Is Degiro EU Worth It for Paraguay Traders?

4.5/5
★★★★★

DEGIRO is not the right broker for Paraguay traders whose primary focus is retail forex trading. The limited number of currency pairs, absence of MetaTrader, and uncompetitive retail forex spreads mean that dedicated forex brokers such as Exness, FXGT, or Pepperstone will serve you far better. However, if you are a Paraguay investor who wants to diversify into international stocks, ETFs, and bonds with very low costs, DEGIRO is an excellent choice. Its stability, European regulation, and access to global markets are outstanding. Just be prepared for English-only support and a traditional bank transfer process. In summary, DEGIRO is recommended for portfolio-oriented investors, but not for forex traders looking for a comprehensive broker in 2026.

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FAQ — Degiro EU for Paraguay Traders

Is DEGIRO safe for Paraguay traders?+
How can I deposit money in DEGIRO from Paraguay?+
Does DEGIRO have Islamic account?+
What is the minimum deposit for DEGIRO in Paraguay?+
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.
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Regulated · Paraguay
Risk Warning: 74-89% of retail accounts lose money.
Quick Facts
Score4.5/5
Regulation
Min Deposit$0
Max Leverage
Founded
IslamicNo
TradingViewNo
MT4/MT5
Copy TradingNo
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