DEGIRO Review 2026 for Singapore Traders
PROS for Singapore Traders
- Exceptionally low commissions for US, SGX and European stocks and ETFs
- No minimum deposit requirement and no platform fees
- Backed by listed flatexDEGIRO Bank AG with strict EU regulatory oversight
- Access to a wide range of global exchanges and thousands of instruments
- Suitable for long-term buy-and-hold investors who avoid FX conversion by using an appropriately denominated account
CONS for Singapore Traders
- Not licensed by MAS, so Singapore traders do not have local regulator protection or recourse
- No PayNow or credit card deposits — only international bank wires with additional fees
- No MT4/MT5 or TradingView support, limiting advanced charting and algorithmic trading
- No Islamic swap-free account for Sharia-compliant traders
- Customer support lacks live chat, local phone number and Asian-language assistance
Degiro EU Overview for Singapore
Founded in 2013 in Amsterdam, DEGIRO has grown into one of Europe’s largest online brokers with over six million accounts worldwide. Now part of flatexDEGIRO Bank AG, the company expanded internationally and accepts clients from Singapore under its German regulated entity. For Singapore traders, DEGIRO offers a compelling way to access global markets — you can trade US, European and Asian stocks, ETFs, options, futures and CFDs from a single account without paying inflated spreads.
What makes DEGIRO relevant for Singapore investors is the low fee structure. There is no platform fee and commissions on US stocks and selected ETFs can be under €2 per trade. However, it is important to note that DEGIRO is not licensed by the Monetary Authority of Singapore, which means your account falls under European investor protection rather than local MAS supervision. The platform also does not provide direct PayNow deposit support, so local traders need to use traditional bank wires. This review digs into all the details that matter to Singapore-based investors, from account types and trading fees to deposit methods and support quality.
| Detail | Information |
|---|---|
| Founded | — |
| Headquarters | — |
| Regulated by | — |
| Min Deposit | $0 |
| Max Leverage | — |
| Platforms | — |
| Islamic Account | Not available |
| Copy Trading | Not available |
| Demo Account | Available |
Regulation & Safety — Is Degiro EU Safe for Singapore?
Spreads & Trading Costs 2026
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
Account Types for Singapore Traders
| 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 |
Trading Platforms Available
Deposits & Withdrawals — Singapore Guide
Islamic Account — Singapore Muslim Traders
Singapore Muslim traders looking for a Sharia-compliant option will be disappointed to know that DEGIRO does not offer Islamic swap-free accounts. Every leveraged product — including CFDs on forex, indices and commodities — is charged overnight swap or financing fees if held past the daily cut-off time. This applies equally to Islamic account holders; there is no swap-free ledger or fee waiver.
Even on share trading, if you utilise a margin loan to buy stocks, interest will be charged. For those who only trade cash equities without borrowing, there is no overnight financing issue, but futures and options are not suitable. As there is no genuine Islamic account feature, Singapore traders who strictly observe Sharia law should look at MAS-regulated brokers that offer swap-free accounts, such as Axi or ICMarkets SG.
| 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 |
Instruments & Markets in Singapore
| 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% |
Education & Research Tools
Customer Support — Singapore Review
Common Mistakes Singapore Traders Make with Degiro EU
- Mistake: Depositing SGD directly to DEGIRO’s EUR IBAN and paying DEGIRO’s 0.25% currency conversion — this adds hidden costs. Use a Wise or Revolut account to convert SGD to EUR first, then SEPA transfer for near-zero fees.
- Mistake: Opening a EUR base account but trading only SGX-listed stocks — you will incur FX conversion losses on every trade. Make your base currency match the market you trade most frequently.
- Mistake: Assuming DEGIRO is regulated by MAS because it is accessible in Singapore — always check the entity name on your statement and understand the European protection scheme before depositing.
Degiro EU vs Competitors in Singapore
| 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 |
Security & Fund Protection — Degiro EU
Segregated Funds
Negative Balance Protection
Top-tier Regulation
Degiro EU User Reviews & Ratings
Trustpilot Rating
CompareBroker Expert Rating
What traders love
Common complaints
Degiro EU Latest News & Updates 2026
Final Verdict — Is Degiro EU Worth It for Singapore Traders?
DEGIRO is a strong choice for Singapore traders who are primarily interested in buying shares, ETFs and options on major global markets at a low cost. Its European regulatory framework offers solid protections, and the fee structure is extremely competitive for long-term investors. However, it falls short for traders who need local MAS oversight, fast digital payments, advanced trading platforms or Sharia-compliant account structures.
For active forex and CFD traders, Singapore-regulated brokers like CMC Markets, IG or Pepperstone provide tighter spreads, better platforms and full MAS protection. For savers and stock investors, DEGIRO remains a very compelling option, especially if you use Wise or Revolut to avoid currency conversion costs. The final verdict: DEGIRO is recommended for financially sophisticated Singapore investors who are comfortable handling everything online in English and do not rely on local customer support.