Degiro Review 2026: A Deep Look For Kazakhstan Traders

DEGIRO was founded in 2008 in the Netherlands and has grown into one of Europe's leading low-cost brokers, with over 2 million clients globally. Known primarily as a stock and ETF platform, it also provides access to forex trading through its proprietary interface. For Kazakhstan traders, DEGIRO offers a way to invest in international markets from Almaty or Nur-Sultan, covering major US, European, and Asian exchanges. The broker is regulated by AFM and BaFin, but it does not hold a local licence from the Kazakhstan financial authority, which means traders are treated as international clients. The company is now part of the flatex DEGIRO group, adding further institutional strength. While DEGIRO's forex offering is limited by a maximum leverage of 1:10 under ESMA rules, it still attracts Kazakhstan traders looking for low commission stock trading and a reliable European brand. The $0 minimum deposit and support for Bank Transfer, Skrill, and USDT make it accessible for local users, though the lack of MT4/MT5 and no Islamic account are significant drawbacks for pure forex enthusiasts. Overall, DEGIRO is best viewed as a solid investment broker rather than a dedicated forex broker for Kazakhstan residents.

DEGIRO is regulated by the AFM (Netherlands Authority for the Financial Markets) under licence number 1203894, and it is also authorised by the German regulator BaFin. This dual supervision ensures compliance with strict European MiFID II rules, including client money segregation and negative balance protection for retail clients. For Kazakhstan traders, this means that although DEGIRO is not registered with the local financial authority in Kazakhstan, you benefit from Dutch and German regulatory standards. The Dutch Central Bank (DNB) also oversees DEGIRO's financial obligations. However, there is no Kazakhstan investor compensation fund covering your assets, so if the broker failed, you would rely on the Dutch investor compensation scheme (up to €20,000) instead. To verify DEGIRO's licence, you can visit the AFM register online and search for 'DEGIRO' — the licence covers cross-border services into other countries, including Kazakhstan. Always double-check the official regulatory websites rather than trusting third-party screenshots.

DEGIRO does not offer Islamic swap-free accounts. This is a major problem for Muslim traders in Kazakhstan who follow Sharia principles and cannot pay or accept riba (interest). Because the broker charges daily financing fees on overnight forex positions, trading currency pairs without incurring swap is not possible on DEGIRO. There is no checkbox or special request option to apply for swap-free status, unlike many dedicated forex brokers. Kazakhstan's Islamic finance sector is growing, and you can find alternatives from regulated brokers with genuine swap-free accounts, such as those offering MT4/MT5 and local payment methods. If you are Muslim and your trading style requires holding positions for more than one day, we recommend you search for a broker that explicitly offers free-of-charge swap waivers. DEGIRO remains an option only for short-term day traders who close all positions before the end of the day, though that is not a sustainable strategy for most.