DEGIRO Review 2026: The Honest Guide for German Traders
PROS for Germany Traders
- Regulated by BaFin and AFM, ensuring strong legal protection for German traders.
- €0 minimum deposit and low trading fees across stocks, ETFs, and forex.
- Free SEPA bank transfers and support for Skrill and USDT deposits.
- Well-designed mobile app that works smoothly on German Android and iOS networks.
- Part of flatexDEGIRO Bank AG, a publicly listed and financially transparent company.
CONS for Germany Traders
- Maximum retail leverage of 1:10 for forex, too low for most day traders.
- No MetaTrader 4/5, cTrader, or TradingView support.
- Islamic (swap-free) account is not offered.
- No direct cryptocurrency trading; only futures/ETFs.
- Higher total costs for active forex traders due to handling fees and currency conversion.
DEGIRO Overview for Germany
DEGIRO, founded in 2008 and headquartered in Amsterdam, is one of Europe’s largest online brokers, now serving more than 2.5 million clients. In 2020 it merged with German fintech flatex to become flatexDEGIRO Bank AG, further cementing its presence in Germany. For German traders, DEGIRO offers a straightforward way to buy global stocks, ETFs, mutual funds and forex from a single account, all in Euro.
The broker’s main appeal is its low cost structure: zero minimum deposit, low trading commissions and no custody fees for most products. Because it is registered with BaFin in Germany, traders enjoy an extra layer of regulatory comfort. That said, DEGIRO is not a specialist forex broker. Retail traders are limited to a leverage cap of 1:10 under ESMA rules, and the platform lacks advanced charting tools. Still, for a German resident looking for a simple, affordable and regulated broker to trade currencies alongside traditional assets, DEGIRO remains a compelling choice.
| 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 |
Regulation & Safety — Is DEGIRO Safe for Germany?
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 Germany Traders
| 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 |
Trading Platforms Available
Deposits & Withdrawals — Germany Guide
Islamic Account — Germany Muslim Traders
DEGIRO does not offer Islamic swap-free accounts in Germany or anywhere else. This means that if a German Muslim trader keeps a forex position open overnight, they will be charged or paid swap (interest) on the trade, which conflicts with Sharia law.
There is no option to apply for a waiver or special trading condition. Consequently, Muslim traders in Germany who require a genuine halal trading account should consider brokers that explicitly offer swap-free accounts, such as ICMarkets, FXCM or Salam Forex. DEGIRO remains a non-compliant choice for long-term overnight forex positioning under Islamic principles.
| 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 Germany
| 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 — Germany Review
Common Mistakes Germany Traders Make with DEGIRO
- Mistake: Opening a Basic account instead of the Trader account — without the Trader account you won’t get access to forex trading, so apply for the upgraded account from the start.
- Forgetting the 0.25% currency conversion fee when buying USD instruments with EUR — this increases your real cost and should be factored into profit expectations.
- Relying on DEGIRO’s 1:10 leverage for scalping — this is not a leveraged day-trading platform, and trying to use it as such will likely trigger margin issues quickly.
DEGIRO vs Competitors in Germany
| 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 |
Security & Fund Protection — DEGIRO
Segregated Funds
Negative Balance Protection
Top-tier Regulation
DEGIRO User Reviews & Ratings
Trustpilot Rating
CompareBroker Expert Rating
What traders love
Common complaints
DEGIRO Latest News & Updates 2026
Final Verdict — Is DEGIRO Worth It for Germany Traders?
DEGIRO is a dependable broker for German traders, but it is not the best fit for everyone. If you are a long-term investor who wants to trade stocks, ETFs and occasionally dabble in forex, DEGIRO’s low fees, BaFin regulation and simple platform make it an excellent choice. The zero minimum deposit is also attractive for beginners.
However, active forex traders in Germany will likely find the leverage limit frustrating and the lack of MetaTrader or TradingView integration a dealbreaker. The absence of an Islamic account further narrows its appeal. For those who need advanced charting, automated trading tools or a swap-free environment, a specialty forex broker or a CFD broker with a BaFin license would serve you better. In short, DEGIRO is recommended for cost-averse investors who value security and simplicity over advanced trading functionality.