DEGIRO is a reputable Dutch investment company that’s known as one of the best online brokers. It’s favored by many novice traders who are attracted by a broad range of available assets, relatively low fees, and risk insurance. DEGIRO allows you to make considerable profits by trading, but your profits are useless unless you withdraw them. In this article, we provide a brief overview of withdrawal ways offered by the broker and give you a step-by-step explanation of how to take your money.
Basic information
DEGIRO is a reliable international broker that’s especially popular in Europe. It’s closely monitored by several huge regulators, including FCA and AFM (the Financial Markets Authority of the Netherlands), so you can be sure your money won’t go missing one day. Moreover, your funds of up to €20,000 are insured by the national compensation system. The broker is especially novice-friendly since it features a variety of education products covering the basics of trading and the most popular instruments.
When it comes to trading conditions, DEGIRO seems to be a pretty decent broker. There are several available trading accounts intended for traders with different goals and strategies. However, the basic account intended for average traders doesn’t allow you to use leverage at all. The range of available assets is pretty impressive: there are shares, currencies, ETFs, bonds, options, and so on. DEGIRO also has several withdrawal methods. Let’s check out how to withdraw from DEGIRO.
Withdrawal methods
First of all, you should be aware that DEGIRO processes withdrawals only to verified bank accounts, so you’ll have to verify yours properly. The broker doesn’t have any withdrawal fees, and there are no limits on how much you can withdraw at once. The basic withdrawal method provided by the broker is bank transfers: they can take up to 3 business days, and your bank can have its own commissions, so make sure to find out before actually making a transaction.
The withdrawal process is pretty simple. Just log into your account, find the Deposit/Withdrawal button and proceed. Confirm your account details, choose the amount and the currency, and then just submit your application. The broker will process your transaction, and you will receive your money after a few days. DEGIRO allows you to withdraw various currencies, including CHF, GBP, EUR, HUF, and so on.
