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DEGIRO Overview for Hungary
DEGIRO was founded in 2008 in Amsterdam and has grown into one of Europe's largest online retail brokers, with over 2.5 million clients across the continent. The company is backed by flatexDEGIRO AG and specializes in low-cost trading on stocks, ETFs, and, to a lesser extent, forex. For Hungarian traders, DEGIRO is relevant because it offers access to a wide range of international markets from a single account, with one of the lowest fee structures in Europe. Its proprietary platform is available in English and German, and while there is no dedicated Hungarian localization, the registration process is straightforward using your Hungarian National ID or passport. The broker advertises a minimum deposit of $0, making it easy for new traders in Budapest to open an account without upfront capital. However, DEGIRO is primarily a stock and ETF broker rather than a dedicated forex broker. Its forex offering includes around 50 currency pairs and CFDs on major indices and commodities, but the maximum leverage is capped at 1:10 for retail EUR clients due to ESMA rules. This makes DEGIRO a conservative and safe option for HUF-based investors looking for occasional forex exposure, but less suitable for high-frequency or scalping strategies. In this comprehensive review, we examine how DEGIRO performs for Hungarian retail forex traders, covering regulation, fees, deposits, and customer support.
| 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 Hungary?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Hungary 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 Hungary 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 — Hungary 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)
Hungary 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 — Hungary Muslim Traders
DEGIRO does not offer an Islamic account, which means no swap-free trading is available. Hungarian Muslim traders who need to follow Sharia law and avoid paying interest (riba) on overnight positions will not be able to hold forex positions overnight at DEGIRO without incurring swap charges. This is a major drawback because swap charges are a form of interest. Some alternative brokers offer genuine Islamic accounts with zero swap on active accounts, sometimes charging a fixed admin fee instead. If Sharia compliance is essential, we recommend looking for a broker that is API-connected to a proper Islamic account product with AFM or FCA regulation. It is always important to read the terms and conditions regarding swap-free accounts, as some brokers apply swap charges after a certain number of days or hidden spreads. DEGIRO's terms clearly state it is not possible to request a swap-free status, so Muslim traders in Hungary should consider other European-regulated brokers that accommodate Islamic accounts.
| 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 Hungary
| 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 Hungary traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Hungary traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Hungary 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 — Hungary Review
Support verdict for Hungary
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 Hungary Traders Make with DEGIRO
- Mistake: Using HUF as the base currency on a USD forex account and ignoring dual conversion costs, which erodes your profit compared to holding EUR.
- Ignoring DEGIRO's inactivity fees — if you do not trade for 12 months, DEGIRO charges a €2.50 quarterly dormant fee for Hungarian clients.
- Choosing DEGIRO for scalping without realising that the 1:10 maximum leverage and additional commission make it nearly impossible to profit.
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DEGIRO vs Competitors in Hungary
| 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 Hungary 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 Hungary traders.
New instruments added for Hungary traders
DEGIRO has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is DEGIRO Worth It for Hungary Traders?
3.4/5
★★★★★
DEGIRO is a legitimate and well-regulated broker, and it can be a reasonable secondary account for Hungarian investors who want occasional forex exposure alongside their core stock and ETF portfolio. Its strength lies in its low stock trading fees, strong Dutch/German regulation, and simple account opening. However, for Hungarian retail forex traders who prioritise tight spreads, MetaTrader support, high leverage, or Islamic accounts, DEGIRO is significantly outperformed by purpose-built forex brokers. The 3.4 overall score from our research reflects this gap: it is a good broker in general, but not great for forex. If you are a long-term investor based in Budapest with a focus on European equities and you simply dabble in EUR/USD from time to time, DEGIRO will suit you well. But if you are looking for an active scalping or swing-trading account in EUR/HUF or other pairs, we strongly recommend comparing DEGIRO with dedicated forex platforms that offer lower per-trade costs and more advanced charting tools.
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FAQ — DEGIRO for Hungary Traders
Is DEGIRO safe for Hungary traders?+
How can I deposit money in DEGIRO from Hungary?+
Does DEGIRO have Islamic account?+
What is the minimum deposit for DEGIRO in Hungary?+
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.
