Degiro Ireland

This is a review of DEGIRO for Irish customers – a summary of the online stockbroker’s features and fees .
In this article we cover the following:

  • What is DEGIRO?
  • Is DEGIRO regulated in Ireland?
  • How much are the fees on Degiro?
  • How to open an account with DEGIRO Ireland
  • How to deposit funds on DEGIRO.
  • What stocks can I buy with DEGIRO ?
  • Can you buy fractional shares at DEGIRO ?
  • Commission Free ETFs on DEGIRO
  • Can you Buy Cryptocurrency on DEGIRO Ireland ?
  • How Can You Contact DEGIRO Ireland ?

What is DEGIRO?

Online stock broker DEGIRO launched its online stock brokerage services in the Netherlands in 2013.
DEGIRO now has over a million clients spread over 18 European countries – including Ireland.
Readers of the Investors Chronicle / Financial Times voted DEGIRO as the top-rated investment platform and investment app. in 2020.

In 2021 , DeGiro B.V. merged with flatexDEGIRO Bank AG , creating the biggest online execution-only broker in Europe with its own banking license.

You can use the DEGIRO desktop site or their mobile app for share dealing. The account currency for Irish customers is in Euros only.




How Is DEGIRO Regulated in Ireland ?


Flatex DEGIRO Bank Dutch Branch, trading under the name DEGIRO, is the Dutch branch of flatexDEGIRO Bank AG.
As a German regulated bank, flatexDEGIRO Bank AG is primarily supervised by the German financial regulator, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin).
It uses EU passporting rules to allow it to operate in Ireland and across the EU.

Any money deposited on a DEGIRO Cash Account with flatexDEGIRO Bank AG will be guaranteed up to an amount of EUR 100,000 under the German Deposit Guarantee Scheme.

DEGIRO clients’ assets are segregated in separate entities and are protected against the insolvency of DEGIRO. In the very unlikely event that the segregated assets cannot be returned to clients, DEGIRO is a member of the German Investor Compensation Scheme, which compensates any losses from non-returned assets up to 90% (with a maximum of €20,000).


How Much are the Fees on DEGIRO ?

As well as European and US exchanges, DEGIRO also offers access to markets in Australia, Japan, Hong Kong and several others around the world. (over 50 in total).

Here is a summary of the share trading fees on Degiro Ireland

  • Irish shares : €2 + 0.05% per trade
  • UK / European shares: €4 +0.05% per trade capped at a maximum of €60
  • US shares : €0.00 per trade (from 22 Nov 2021)
  • ETFs – some are fee-free otherwise €2 plus 0.03% per trade.
  • Foreign exchange fees – Manual = €10 plus 0.02% OR automatic = 0.1%

DEGIRO also has an annual fee for connecting you to the various stock exchanges. This fee is currently 0.25% of your account value capped at €2.50 per exchange per year. There is no fee for using the Irish exchange for Irish residents.

Important: Some of the fees are changing on DEGIRO from Dec 22nd 2021 – we will be updating this article soon with the new charges. We understand the foreign exchange rate will be 0.25% and there will be a 50c handling fee on all trades.

See DEGIRO fees compared to other online stockbrokers in Ireland


How to Open an Account With Degiro in Ireland

To open a DEGIRO Ireland account you must be over 18 years of age.
You will need a valid form of identification, have tax residence and physical residence in Ireland, and have a bank account held in your name in the SEPA zone.

You will need a smartphone to register- you will be asked to scan your ID with your phone camera and take a selfie to confirm your identity.
You will need to provide your PPS number and contact details.
Before you can tade you will need to transfer funds from a bank account in your name.

Please note that Investing involves risk of loss.


How to Deposit Funds With DEGIRO

Customer deposits can only be made on DEGIRO by bank transfer and there is no minimum deposit amount.
DEGIRO is partnered with Flatex Bank and the bank is covered by the German Deposit Guarantee Scheme. This means that DEGIRO client’s uninvested cash is covered, up to €100,000.

DEGIRO does not charge any inactivity fees, and money transfers and withdrawals are free of charge.
Your capital is at risk. Other fees may apply.


What stocks can I buy with DEGIRO ?

All the major stock exchanges are accessible with DEGIRO Ireland (over 50 exchanges in 30 countries). . Including:-

  • NASDAQ (USA)
  • NYSE
  • Euronext Dublin (Ireland)
  • London Stock Exchange ( UK)
  • Euronext Amsterdam (Netherlands)
  • Xetra Frankfurt (Germany)
  • Other European exchanges in France, Belgium, Italy, Sweden, Hungary, Finland, Switzerland, Greece, Poland, Spain, Norway,
  • Toronto Stock Exchange (Canada)
  • Also Stock exchanges in Australia . Hong Kong, Tokyo and Singapore

So if you want to buy shares in companies such as TESLA, NIO , Apple, Microsoft, Amazon, AMD. Bank of Ireland , Ryanair or Pfizer – you can buy them on DEGIRO.


Please note that Investing involves risk of loss.


Can you buy fractional shares at DEGIRO ?

Some online brokers allow you to buy “fractional” shares – but DEGIRO does not currently allow this.
Owning a fractional share means that you could, for example, invest €100 in a company whose shares cost €1000 each. (i.e – You will own one-tenth of a share.)
If you want the ability to purchase fractional shares – you can try Etoro. (Your capital is at risk.)


Commission Free ETFs on DEGIRO

DEGIRO has around 2000 ETFs available that are “commission free”. Terms and Conditions apply See Here .

Every calendar month, the first trade executed in an ETF on the Degiro “Free ETF Core Selection” is free of charge .
Any trades made in that same ETF during the same calendar month will also be free as long as:

  • The trade is in the same direction (i.e. buy/sell) as the first trade made that month in that ETF
  • AND
  • The order value is at least €1000 EUR

Be aware that on DEGIRO – some ETFs may be listed on multiple exchanges and that it is only the exchange-listed that is commission-free.


Can you Buy Cryptocurrency on DEGIRO Ireland ?

DEGIRO does not allow trading in Bitcoin or any other cryptocurrency. You could try Etoro or Coinbase for that.

However – on DEGIRO it is possible to buy shares in a Bitcoin trackers (ETF , ETN or ETC).
A Bitcoin tracker can give investors exposure to Bitcoin without the technical challenges of purchasing bitcoin directly from cryptocurrency markets such as setting up a digital wallet, managing cryptographic keys, or trading on unregulated crypto exchanges.


Exchange-Traded Notes (ETNs) are types of debt securities that make it easier for retail investors to invest in hard-to-access instruments. ETNs are designed to track the total return of an underlying market index or another benchmark. They are often unsecured. This means that they are not backed up by collateral since they do not hold the underlying asset. This type of investment is HIGH RISK .
An Exchange Traded Commodity (ETC) is an instrument that follows the price of a commodity or commodity index.

Some examples of Bitcoin Trackers available on Degiro include :

  • Iconic Funds Physical Bitcoin ETP – This Exchange Traded Product (ETP) tracks the price movement of Bitcoin as referenced by the NYSE Bitcoin Index. Each share of the ETP is fully backed by a coin entitlement of 0.0001 bitcoin.
  • CoinShares Physical Bitcoin (Ticker: BITC) This is physically-backed ETP secured by the underlying bitcoins.
  • WisdomTree Bitcoin (ETN) . This exchange traded note is physically secured by Bitcoin. The reference price is the Bitcoin settlement price on the Chicago Mercantile Exchange (CME).

Note – These types of crypto investments are high-risk investments. You could lose your money.

Buying shares in companies that are heavily involved in cryptocurrency such as COINBASE – would be another way to invest indirectly in the Bitcoin and Crypto industry. These are available on the Frankfurt Xetra exchange.
( US19260Q1076)

Open an Account at DEGIRO

Please note that Investing involves risk of loss.


How Can You Contact DEGIRO Ireland ?

You can email questions or comments 24 hours a day, 7 days a week to clients@degiro.ie

If you think the security of your DEGIRO account may be compromised, you should email accountsecurity@degiro.com

DEGIRO also give a contact phone number – +31 20 261 3072 – this is a Netherlands number.
Calls to a Netherlands landline from Ireland can cost from as little as 4c per minute up to around 23c per minute.


Please note that Investing involves risk of loss.