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DEGIRO Overview for Cyprus
Founded in 2008 and headquartered in Amsterdam, DEGIRO began as a low-cost retail broker in the Netherlands and has grown into one of Europe's largest online brokers, with over 3 million clients across 18 countries — including Cyprus. The broker is particularly popular among Cypriot traders because it offers a simple, transparent fee model with very low commissions on ETFs, stocks, and futures, as well as access to a wide range of global exchanges. For Cypriot residents, DEGIRO provides an attractive bridge between traditional share dealing and retail forex CFD trading. While its forex offering is limited compared to specialist FX brokers, the platform's low fees and solid regulatory footprint make it a compelling option for cost-conscious investors in Nicosia, Limassol, and Paphos. That said, this is not a dedicated forex broker: max leverage is capped at 10:1 for retail clients, and there is no MT4/MT5 support. DEGIRO is best viewed as a hybrid — a top-tier low-cost investment platform with a basic CFD trading offering — rather than a full-scale international forex broker.
| Detail | Information |
|---|
| Founded | 2008 |
| Headquarters | Netherlands |
| Regulated by | AFM,BaFin |
| Min Deposit | $0 |
| Max Leverage | 10 |
| Platforms | — |
| Islamic Account | Not available |
| Copy Trading | Not available |
| Demo Account | Available |
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Regulation & Safety — Is DEGIRO Safe for Cyprus?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Cyprus traders
Always verify DEGIRO'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 Cyprus 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 | No |
| Hedging Allowed | No |
| Expert Advisors (EA) | No |
| Copy Trading | No |
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Deposits & Withdrawals — Cyprus 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)
Cyprus 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 — Cyprus Muslim Traders
DEGIRO does not provide Islamic accounts, which means there is no swap-free option for Cyprus-based Muslim traders. This is a clear deviation from many brokers that try to capture the growing Islamic trading community in Cyprus. If you hold a currency CFD position overnight, regular financing charges will apply, which conflicts with Sharia principles. The broker also does not offer any separate policy for halal investing. If an Islamic account is essential for your trading, you should consider other brokers like ICMarkets or Islamic Forex accounts offered by Cypress brokers such as FXTM or Exness, which provide genuine swap-free conditions. At DEGIRO, you are effectively forced to close all positions before the daily swap calculation if you want to avoid interest — which is impractical for most strategies. Therefore, DEGIRO is not recommended for Sharia-compliant traders in Cyprus.
| 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 Cyprus
| 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 Cyprus traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Cyprus traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Cyprus 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 — Cyprus Review
Support verdict for Cyprus
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 Cyprus Traders Make with DEGIRO
- Mistake: Assuming DEGIRO offers the same leverage as specialized forex brokers — most Cyprus traders expect 30:1, but DEGIRO caps retail forex at 10:1, so plan your position sizes accordingly.
- Not checking that the EUR/USD spread includes a commission — you may think the spread is 0.2 pips, but the total cost includes an additional order fee, which changes your break-even point.
- Expecting to use MetaTrader or automated trading — DEGIRO's proprietary platform does not support EA bots, so algorithmic trading from Cyprus is impossible.
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DEGIRO vs Competitors in Cyprus
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| DEGIRO (current) | $0 | Check broker | No | No | 3.4 |
| 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
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
Yes
Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Cyprus traders
DEGIRO segregates all client funds and is regulated by top-tier authorities.
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DEGIRO User Reviews & Ratings
Trustpilot Rating
3.4
★★★★★
Based on verified reviews
CompareBroker Expert Rating
3.4
★★★★★
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 Latest News & Updates 2026
DEGIRO expands TradingView integration
DEGIRO has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
DEGIRO maintains top-tier regulatory status
DEGIRO continues to hold its regulatory licenses, ensuring client fund protection for Cyprus traders.
New instruments added for Cyprus traders
DEGIRO has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is DEGIRO Worth It for Cyprus Traders?
3.4/5
★★★★★
DEGIRO is a solid low-cost investment platform for Cyprus-based traders who are primarily focused on stocks, ETFs, and long-term portfolio building, with occasional forays into forex CFD trading. It provides a safe, regulated environment backed by the Dutch AFM and DNB, and the fee structure is among the lowest in Europe. However, it is not a dedicated forex broker: the lack of MT4/MT5, tight cap on leverage at 10:1, and very small currency pair selection mean that professional retail forex traders in Cyprus should look elsewhere. Similarly, Muslim traders will need to find a broker with genuine Islamic accounts. For a beginner from Cyprus who wants to trade EUR/USD occasionally without paying high commissions, DEGIRO is a decent option, but for serious forex trading, we recommend a regulated CySEC broker or another EU broker offering better leverage and trading tools.
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FAQ — DEGIRO for Cyprus Traders
Is DEGIRO safe for Cyprus traders?+
How can I deposit money in DEGIRO from Cyprus?+
Does DEGIRO have Islamic account?+
What is the minimum deposit for DEGIRO in Cyprus?+
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.
