Founded in 2008, Degiro is a European brokerage company. It is based out of Amsterdam. It started offering stock brokerage services in 2013 to retail investors by giving them online access to over 60 security exchanges at wholesale prices. The Netherlands Authority regulates it for the Financial Markets (AFM). It is registered with the Financial Conduct Authority as well.
Degiro broker is excellent for scalping traders. Degiro Scalping opportunity is based on very tight spreads that this broker offers.
While Degiro is a well-established brokerage company, it might not be the perfect choice for everyone because of the following reasons:
- You cannot trade cryptocurrencies and Indices with Degiro.
- Neteller, Skrill, and PayPal are not accepted by it.
- It doesn’t offer an ECN account.
- You are not offered MT4 and MT5.
- Degiro scalping is not allowed.
- It doesn’t allow hedging.
Alternatives for Degiro
Some of the best alternative online brokers for Degiro are:
IC Markets
It was founded in 2007 in Australia and had its headquarters in Sydney. ASIC, AFSL, and FSA regulate it. It offers good customer support and has a good reputation. It allows losses to exceed the deposit.
eToro
With an overall rating of 4-Stars, eToro is next in the queue. The company was founded in 2007 and had offices in Isreal, Cyprus, UK, US, and Australia. The Financial Conduct Authority and CYSEC regulate it. It offers great support and has a great reputation.
X-Trade Brokers
X-Trade Brokers, or XTB, was founded in 2002 and had its headquarters in Poland. It is regulated by the Financial Conduct Authority, KNF, and CMB. It offers good customer support and has a good reputation.
Trading 212
Trading 212 was founded in 2004 and is regulated by the Financial Conduct Authority and CYSEC. It offers great customer support and has a good reputation.
First Prudential Markets
First Prudential Markets or fpmarkets was founded in 2005 and is regulated ASIC. Its headquarters are in Sydney, Australia. It offers good customer support and has a good reputation.
Pepperstone
Pepperstone was founded in 2010 and is regulated ASIC. Its headquarters are in Melbourne, Australia. It offers great customer support and has a good reputation.
Plus500
Plus500 was founded in 2008. Its regulatory bodies are the Financial Conduct Authority (FRN 509909) and the Cyprus Securities and Exchange Commission (License No. 250/14). Its headquarters are in Israel. It offers great customer support and has a good reputation.
FXPrimus
FXPrimus was founded in 2009. Its regulatory bodies are CYSEC and MIFID. It offers great customer support and has a good reputation.
RoboForex
RoboForex was founded in 2009. Its regulatory body is CYSEC. It offers good customer support and has a good reputation.
We hope that our analysis will enable you to make an informed decision.
