WikiFX

Reply

As someone who has navigated the forex and broader trading landscapes for years, my assessment of DEGIRO’s legitimacy is cautious and reserved. Although DEGIRO offers access to a comprehensive range of investment products at relatively low costs—such as zero commission for US shares with only a small external handling fee—there are several structural risks that stand out for me. The most significant concern is the lack of valid regulatory oversight. According to the information available, DEGIRO currently operates without recognized regulation, and WikiFX explicitly highlights the risk of a “suspicious regulatory license.” As a trader prioritizing the security of my funds, this point alone leads me to approach DEGIRO with heightened caution. Regulatory supervision isn’t just a box-ticking exercise: it ensures some level of transparency and recourse in the event of disputes or failures, which is vital for financial safety in this industry. User experiences appear mixed. Some traders report that their funds remain safe and that they experience low fees, but I also note recurrent complaints about slow customer support and the absence of familiar platforms like MT4 and MT5. For me, responsiveness and platform reliability are critical; any persistent weaknesses here raise red flags, regardless of fee advantages. Ultimately, while DEGIRO might seem suitable for certain investment styles and has served some users well, I do not consider it strictly legitimate due to its lack of verifiable regulation. I would not feel comfortable allocating significant funds or relying on DEGIRO as my primary broker, given the potential risks involved. In my experience, legitimacy in this field is inseparable from oversight and user protections, and that’s where DEGIRO currently falls short.