DEGIRO Demo Account Review

filippo ucchino Filippo Ucchino calendar Last Updated: March 2022 timer 3 min read

DEGIRO is a European stock broker offering a wide range of shares on a proprietary trading platform. As DEGIRO is growing in popularity amongst retail traders and stock trading is becoming increasingly popular in Europe, more traders are interested in opening a DEGIRO demo account to practice trading before investing their money.

If you’re curious why more traders in Europe are investing with DEGIRO, we’ve got all the details in our DEGIRO review.

Table of contents

Is a DEGIRO Demo Account available for beginners?

Currently, DEGIRO does not offer demo accounts at all. As there is no DEGIRO demo account could hinder newer traders who want to practice before risking money in the markets.

It’s unlikely the absence of a demo account will be a complete letdown for seasoned traders. However, they might appreciate being able to test a new platform in a demo environment by exploring the features without worrying about what happens when they click a button.

If you’re eager to try this broker, you’ll be pleased to know the account opening process is really quick. With just €0.01 to activate the account, you will have access to a low fee trading environment.

Visit DEGIRO
(Investing involves risk of loss)

Demo Account alternatives to DEGIRO

If you want to practice trading before trading with real funds on DEGIRO, you can look for another broker to put your skills to the test. We’ve already ranked all the options to help you find the best demo accounts available.

When looking for a temporary demo account, our recommendation relies on brokers such as eToro or Trading212, where you can experience stock trading, which is DEGIRO’s speciality. eToro and Trading212 are brokers offering stock trading with CFDs and real stocks and fractional trading for even lower-risk investing.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

DEGIRO eToro Trading212
Demo Account Not available Unlimited time Unlimited time with no registration required
Minimum Deposit $0 $200 $1
Commissions on stocks Very low None None
Stocks exchanges available 50+ 17 7

Open a Trading Account with DEGIRO

To open a trading account with DEGIRO, you should be prepared for the following steps:

  • Complete a registration form that takes approximately ten minutes
  • Confirm your personal identity by uploading your documents
  • Deposit at least $0.01 to activate your account. Before deposing, make sure you have read our DEGIRO minimum deposit.

Visit DEGIRO
(Investing involves risk of loss)

Accounts available with DEGIRO

DEGIRO offers a number of trading accounts to choose between. When registering, you’ll be required to choose a Basic account since custody profiles are no longer available with DEGIRO.

Briefly, the Basic account lets you trade with margin, whereas the Custody account allowed you to buy shares in cash without using margin.

To thoroughly understand the differences, you can find a complete analysis in our DEGIRO account types review.

How to start trading with DEGIRO

Although DEGIRO doesn’t have a demo account, this doesn’t mean traders can’t train their skill with lower costs. One of the primary advantages of DEGIRO is low fees. The broker can be a good place for traders to trade on cheap stocks with low fees if you’re still building your confidence as a trader. We suggest keeping order sizes low to avoid unnecessary risks and limit losses while training.


74-89% of retail CFD accounts lose money

About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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