DEGIRO (flatexDEGIRO): what the sources say

The questions, with sources

"Not verified" means we could not confirm it from a source we could read. Check the entity and rules for your own country. Education only, not investment advice.

How the points add up

• Regulation 20 of 20. Licensed by a major financial regulator (see the broker page for the register entry)
• Client protection – of 20. Compensation scheme not verified (unscored); Segregation not verified (unscored)
• Transparency 10 of 10. Annual financial statements are public (listed parent or published report)
• Security record 10 of 15. Worst incident in the last five years scored: 10 of 15
• Compliance record 14 of 25. 5 regulator or court action(s) in the window; reports from press only are shown but not scored
• Costs – of 10. Trade cost not verified (unscored)

Points earned of points available. A criterion we could not verify is left out and lowers the evidence share. See how we score.

Security incidents

• 2022-03-04 Individual account takeover: unauthorised purchase orders (Patentus S.A. shares) executed on a DEGIRO client's account; client had not enabled two-factor authentication; DEGIRO blocked the account the same day but the sale of the shares was only completed on 14 March 2022 (Kifid complaint 2023-0096, decision 3 Feb 2023). Customer funds lost: yes. Outcome: Kifid partly upheld the complaint for late handling of sale requests; recoverable damage EUR 458, 50% attributed to the consumer; DEGIRO ordered to pay EUR 250 (non-binding advice). No evidence that DEGIRO knew the orders were unauthorised. source

Regulator and court actions

• 2026-04-30 BaFin: flatexDEGIRO SE (parent) did not promptly publish inside information about the findings of a special audit at flatexDEGIRO Bank AG via ad hoc announcement, disclosing it later in a regular press release (Art. 17(1) MAR). Outcome: EUR 1,000,000 administrative fine (press: GRC Report 2026-05-01, which links the BaFin notice https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Massnahmen/40c_neu_124_WpHG/meldung_2026_04_30_flatexdegiro_se_en.html; BaFin page itself not opened). source
• 2025-12 BaFin: Early 2022 advertising of free investment services on two websites without clearly disclosing a regular processing fee (German Securities Trading Act). Outcome: Two administrative fines totalling EUR 560,000 (press; BaFin page not found in search results). source
• 2024-10-18 BaFin: End of the BaFin special commissioner mandate at flatexDEGIRO Bank AG (appointed after the 2022 special audit found serious deficiencies); mandate ended 30 September 2024 and was not extended (company press release). Outcome: Mandate ended after remediation of deficiencies, per flatexDEGIRO AG press release of 18 Oct 2024. source
• 2023-02-17 BaFin: Violations of business organisation requirements under German Banking Act and Money Laundering Act (internal controls, supervisory reporting, AML). Outcome: Fine EUR 1,050,000; orders to fix; special commissioner appointed; additional own funds ordered 2022-09-08. source
• 2021-12-23 AFM (Netherlands): Late reporting (27 cases) and incorrect transaction dates (10 cases, later 3) of unusual transactions to the Dutch FIU by flatexDEGIRO Bank AG (DeGiro). Outcome: Fine EUR 2,000,000 (decision 23 Dec 2021); reduced on objection to EUR 1,700,000 (19 Jul 2022); Rotterdam District Court set it at EUR 750,000 (12 Jul 2024); Trade and Industry Appeals Tribunal (CBb) set the final amount at EUR 797,500 (30 Jun 2025). AFM status document dated 2025. source
• 2021-07-07 AFM (Netherlands): Transaction reports 23 Sep - 1 Nov 2019 submitted in a non-prescribed XML template (Art. 1 Delegated Regulation (EU) 2017/590); about 2.1 million transactions unusable until resubmitted. AFM noted prior warnings 2011/2015 and a 2017 fine. Outcome: EUR 700,000 fine (decision 7 Jul 2021), upheld on objection 8 Dec 2021 (AFM objection decision). Wikipedia (secondary) states the Rotterdam District Court later reduced it to EUR 85,000 and that AFM published in January 2025; the court ruling was not read. source older than 5 years

Actions reported by press only are shown and not scored.

Other reports

• Annual Report 2025 refers to the bank as flatexDEGIRO Bank SE (p. 6, 43), suggesting conversion from AG; not verified in a register.

Reports that are not security incidents or regulator actions against the broker, shown for completeness and not scored.

Key facts in five lines

• BaFin fined flatexDEGIRO Bank AG EUR 1.05 million in February 2023 for internal control and AML shortcomings and appointed a special commissioner, whose mandate ended 30 September 2024. [source 1][source 7]
• The AFM's EUR 2 million fine of December 2021 for late reporting of unusual transactions was finally set at EUR 797,500 by the CBb on 30 June 2025. [source 6]
• AFM decision dated 2021-07-07 imposed EUR 700,000 for transaction reporting failures, upheld on objection in December 2021. [source 3]
• BaFin fined the parent flatexDEGIRO SE EUR 1 million in April 2026 for delayed ad hoc disclosure (press). [source 9]
• Parent flatexDEGIRO SE is listed on the Frankfurt Stock Exchange (MDAX) and reported 3.5 million customer accounts and DEGIRO presence in 15 European countries at end-2025. [source 8]

Questions about DEGIRO (flatexDEGIRO)

Is DEGIRO (flatexDEGIRO) safe?

We do not give a yes or no. We record its regulation (BaFin (with Deutsche Bundesbank), AFM (Netherlands, conduct supervision of Dutch branch / successor of DeGiro B.V.)), whether an investor compensation scheme applies, and what we found about incidents and regulator actions. Read the sections above, and check which entity holds your account.

Does DEGIRO (flatexDEGIRO) charge commission on US stocks?

Current official DEGIRO fee page could not be reached via search (degiro.com pages did not appear in results). Official but dated: group press release Nov 2021 stated US stock commission EUR 0.00 plus EUR 0.50 handling fee per order from 22 Nov 2021. Third-party guide (QuantRoutine) reports EUR 1.00 + EUR 1.00 handling currently; unverified.

Where this comes from

• [1] BaFin measure notice flatexDEGIRO (2023-02-24) accessed 2026-10-11
• [2] Finance Magnates BaFin EUR 560k accessed 2026-10-11
• [3] AFM fine decision EUR 700,000 (2021-07-07) and objection decision accessed 2026-10-11
• [4] Wikipedia flatexdegiro / Degiro (secondary) accessed 2026-10-11
• [5] QuantRoutine DEGIRO fees (third party) accessed 2026-10-11
• [6] AFM status update flatexDEGIRO fine (svz 2025) accessed 2026-10-11
• [7] flatexDEGIRO AG press release: BaFin special commissioner mandate ended (2024-10-18) accessed 2026-10-11
• [8] flatexDEGIRO Annual Report 2025 (26 March 2026) accessed 2026-10-11
• [9] GRC Report: BaFin EUR 1 million fine flatexDEGIRO SE (press) accessed 2026-10-11
• [10] Kifid decision 2023-0096 (account takeover complaint) accessed 2026-10-11
• [11] flatexDEGIRO press release 'DEGIRO goes zero' (Nov 2021 fee change) accessed 2026-10-11

Not verified: Second gap-closing pass (2026-10-11): five further searches (degiro.com fees / US stock handling fee; investor protection and segregation; degiro.nl/.de price list; site:degiro.com fees) returned only third-party review sites (brokerchooser, quantroutine, curvo, investingintheweb) and no degiro.com/.nl/.de page, so no official fee schedule or protection page was read; costs still rest on the dated Nov 2021 group press release plus third-party figures and cost_1000usd_pct stays null. Compensation scheme and segregation remain unclear: the flatexDEGIRO Annual Report 2025 (read to p. 48) reports custody volume mEUR 89,262.7 and deposits mEUR 6,189.4 but does not state deposit-guarantee scheme membership or segregation in the pages read. BaFin company register entry not opened. BaFin pages for the Dec 2025 (EUR 560k) and Apr 2026 (EUR 1m) fines were not in search results; both rest on press. Rotterdam court reduction of the EUR 700k fine to EUR 85k (Wikipedia) not verified. Three incident searches found no company-wide breach or outage since 2021-10-11; only one individual Kifid account-takeover case was found.

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