DEGIRO Moves to End UK’s ‘Great Retail RIP Off’

DEGIRO Moves to End UK’s ‘Great Retail RIP Off’
11.06.2015 01:00 am

DEGIRO Moves to End UK’s ‘Great Retail RIP Off’


Europe’s fastest-growing securities broker DEGIRO is proud to be launching its revolutionary, low-cost online trading platform in London, Europe’s main financial hub.  

This means that, for the first time, UK retail investors will be able to trade a broad range of financial products at the same low cost enjoyed by institutional investors. The fully regulated platform – which covers stocks, futures, options, investment funds, ETFs, rights, bonds, leveraged products and CFDs – charges fees that are on average 84 per cent lower than those of competitors. The move heralds an end to hidden costs in the UK retail market, as well as the unfair, unnecessary gap between retail and institutional investors.

DEGIRO, which treats European retail investors as one large institutional investor, is able to provide customers with transparent access to institutional rates thanks to its technology and lean, cost-focused approach. Unlike most competitor brokers which rely on antiquated models and systems, DEGIRO built its systems from the ground-up over the last seven years. The resulting efficiencies translate directly into lower fees. DEGIRO is also able to focus on keeping costs down by avoiding unnecessary add-ons, such as analysis and advice which is already available for free elsewhere.

Low fees aside, DEGIRO’s platform is simple, fast and user-friendly, giving clients access to products and exchanges worldwide. It also ensures maximum protection for investors; DEGIRO provides 100% segregation of assets, meaning that there is no risk for clients if the company defaults. In many ways, this is safer than the model offered by most banks.

The above allowed DEGIRO to successfully gain market share in 17 countries that fall under MiFID.  The UK is the final MiFID country in which DEGIRO is launching and this is not coincidental.  DEGIRO wanted to launch the most tried and tested product into the UK. DEGIRO’s platform not only contains market access and price data but also client feedback from all 17 EU countries resulting in a product that is ready for the UK’s demanding financial market.

Gijs Nagel, Director at DEGIRO, says “The discrepancy in market access between retail and institutional investors is completely unnecessary and nothing short of a scandal. At DEGIRO it is our mission to rectify this. The way we see it: it’s not that our fees are low, but that those of our competitors are too high! We believe this approach has fuelled our success and growth across Europe to date. All of our progress has culminated in this point, and the UK is a natural next step for us. We’re excited to be launching in Europe’s financial heart and we look forward to liberating UK investors from the hidden costs that have plagued them for so long.”

Related News

Database Monitoring Shown to Improve DevOps Success for Financial Services

A newly released Financial Services edition of Redgate’s 2020 State of Database Monitoring Report reveals the sector is outperforming... Read more »

Atos Becomes Strategic Partner of Student Loans Company

The Student Loans Company (SLC) has appointed Atos, a global leader in digital transformation, to support the delivery of improvements to SLC’... Read more »

25,000 People Pre-register for Chip’s Biggest Funding Round Yet

Chip, the automatic saving app offering access to market leading returns, is about to launch its biggest funding round yet to a record number of pre-registrations. The company... Read more »

Apex Partners with Calypso to Provide Middle and Back-office Services to Ardent Financial

Apex Group Ltd. (“Apex”), a global financial services provider, announces today that it has been appointed to provide front to back office solutions to FCA... Read more »

New Free Whitepaper Helps FSI Businesses Achieve Digital Transformation- Fincons Group

Today, Fincons Group, an international system integration consultancy with offices in Italy, Switzerland, the UK, France, the U.S. and Germany, releases a new free guide to... Read more »

Join CNA, Nationwide and Quadient for a C-Suite Take on Results Driven Technology

It has been made abundantly clear that only the most innovative, fast-moving and customer centric carriers will survive. As the spotlight shines on our industry more than ever... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel