Introduction of DEGIRO Account

DEGIRO is a Netherlands-based online brokerage company. DEGIRO is famous as a low-cost and safe broker that lets you invest in bonds, ETFs, stocks, and more. Because of its low commissions, it is an ideal choice of those traders who are in search of a platform to simply execute their buy and sell orders and investors who like long-term investments. Also, you get here more details regarding the DEGIRO brokerage. If you have decided to start trading on DEGIRO, you will first have to open an account.

Opening a DEGIRO account is a simple and quick process. It is a completely online process and can be completed in a few minutes. However, the account approval process may take 2-3 business days.

Step by Step Complete Procedure to Open a DEGIRO Account

Opening a DEGIRO account is a simple, straightforward process. As it is completely online, you can open an account from your phone, laptop, or desktop.

1. Visit the official website of DEGIRO and click on the “Open an Account” link.
2. Enter your email address and select a username and password.
3. On the next page, you will get a link. Click that link to view the verification email in the provided mailbox.
4. Click the link you got in your email to continue with the DEGIRO account opening process.
5. Once your credentials are verified, you can continue to login using your credentials.
6. In the next step, you will need to provide all the required personal information.
7. Verify your identity by providing your citizenship details.
8. Upload your identity proof.
9. Enter your tax information. Since DEGIRO has an automatic process, just enter your tax residence country and the AHV number.
10. Choose the type of account you want to open.
11. Read and accept the terms and conditions of DEGIRO.
12. Sign the contract sent by DEGIRO via an SMS.
13. You are done with opening your DEGIRO account.
14. Now comes the big part: Funding your account.
15. Once you fund your account and your account gets approved, you can start trading.

List of Documents Required for DEGIRO Account Opening

As per the differentiate of DEGIRO & Alvexo, you need to keep the following documents and information ready if you want to open a DEGIRO account:

• Your identity card or passport
• Your bank account’s IBAN using which you wish to fund the account
• Your AHV number
• You contact number for account verification

Types of DEGIRO Account

DEGIRO has the following types of accounts:

1. Custody Account: Custody account is an entry-level account. It lets investors trade investment funds, bonds, ETFs, and shares. This DEGIRO account is available for day traders and comes with real-time prices of the Euronext exchanges.
2. Basic Account: Along with all the features of a custody account, this DEGIRO account lets investors trade warrants and leveraged products.
3. Active Account: This account combines all the important features of a basic and custody account. It comes with the additional option of enabling users to purchase up to 50 percent of your margin and the option to go short.
4. Day Trader Account: This account lets users trade derivatives and purchase up to 100 percent of their margin along with an additional margin that is available during the open trading hours.
5. Trader Account: This DEGIRO account also lets users purchase up to 100 percent of their margin. The account holders get access to coupons and free dividend processing.

List of Countries Where We Can Open DEGIRO Account

A DEGIRO account is mainly for the residents of the Netherlands. However, residents of a few other countries including Germany, Ireland, and the United Kingdom can also open an account.

Conclusion

DEGIRO is the perfect platform for those in search of a low-cost platform to trade and for long-term investors. Also, we found from DEGIRO app review, that they have an award-winning mobile application for both Android & iOS users. With its simple account opening process, you can start trading quickly with this broker.