The online brokerage firm DEGIRO requires a capital deposit from the trader owning the brokerage account to activate the stockbroking platform.
The minimum amount required with DEGIRO is €0,01, which can be deposited via wire transfer only.
DEGIRO generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
What is the DEGIRO minimum deposit?
DEGIRO does not require a minimum deposit to open an account. Traders wishing to open a real money account with DEGIRO can therefore deposit as low as €0.01.
You are free to choose the amount of your first deposit with the many payment options available to you.
DEGIRO provides several base currencies to avoid paying extra fees as well.
The DEGIRO deposit features are listed in this table below:
| DEGIRO DEPOSIT FEATURES | CHARACTERISTICS |
|---|---|
| DEGIRO basic account | €0.01 minimum deposit |
| Deposit fees | No |
| Withdrawal Fees | No |
| Base Currencies | CHF, DKK, GBP, NOK, SEK, EUR, CZK, PLN, HUF |
(Investing involves risk of loss)
Opening a DEGIRO Account is an easy process. You can follow our guide to DEGIRO account types to learn how the broker’s offering is structured.
What are the DEGIRO account base currencies?
The DEGIRO account base currencies are listed below:
- CHF
- DKK
- GBP
- NOK
- SEK
- EUR
- CZK
- PLN
- HUF
DEGIRO also offers the possibility to hold a balance in any currency you want by using a feature called Manual currency handling, but you cannot withdraw foreign currencies.
Keep in mind that most of the fees DEGIRO charges are charged in your account’s base currency. That means if your account is denominated in EUR, and you buy shares from the London Stock Exchange, you’ll pay transaction fees in EUR.
What are the DEGIRO funding and deposit methods?
DEGIRO supports only wire transfers as a deposit method.
DEGIRO takes up to 2-3 business days to process the deposit, but most of the time it’s faster depending on the country you’re residing in.
There are no deposit fees at DEGIRO, but you should always consider that your own bank may apply a fee, especially for international transfers and foreign exchange transactions.
What are the steps to fund your DEGIRO account?
The steps to fund your DEGIRO account are listed below:
- Create a DEGIRO account:
You should know this broker does not have a demo account to practice with. This won’t be a problem for experienced traders, and with no minimum deposit conditions, you can open a live account and start trading without burdensome obligations. DEGIRO offers five different account types to choose from.
- Verify the DEGIRO account:
Once you select your DEGIRO account, you will need to verify your identity by uploading a few documents.
- Fund your DEGIRO account:
Once you have done so, you’ll be ready to make your first deposit according to the DEGIRO minimum deposit, which, as mentioned earlier, is almost non-existent.
Does DEGIRO offer deposit bonuses?
DEGIRO does not offer deposit bonuses when you register.
Because DEGIRO is a European broker, it must follow ESMA rules which prohibit offering incentives to retail clients.
If getting a bonus on your deposit is essential to you, we’ve prepared a practical guide to discovering the best brokers with bonuses and promotions.