Is DEGIRO a Scam? Regulation Check 2026
We ran DEGIRO through the kitchen inspection, looking up its licence in the official AFM register. Here is what the paperwork says.
Verdict
DEGIRO is NOT a scam. It cooks under AFM licence 12060, which clears it to serve trading in Estonia.
How to verify on the official register
| Regulator | AFM AFM |
| Licence Number | 12060 |
| Regulated Entity | DEGIRO B.V. |
| Founded | 2008 |
What the AFM seal buys you
A AFM-regulated kitchen has to keep client money in its own segregated pot, offer negative balance protection, and open its books to independent audits. If something goes wrong, you can take your complaint straight to AFM.
What the AFM seal puts on your plate
- Your money kept in a segregated pot, walled off from DEGIRO's own capital
- Negative balance protection, so you can never lose more than you put on the table
- A direct line to AFM for complaints if DEGIRO will not put things right
- Regular independent audits of DEGIRO's books under AFM oversight
Frequently Asked Questions
Is DEGIRO a scam or legitimate?
DEGIRO is NOT a scam. It is authorised by AFM, one of the most respected inspectors in the business, and the authorisation is publicly verifiable on the official AFM register.
How do I check DEGIRO's AFM licence?
Open the official AFM website and use the public register search. Search the entity name; the entry will confirm DEGIRO's authorisation status and exactly what it is cleared to serve.
Are my funds safe with DEGIRO?
As a AFM-regulated kitchen, DEGIRO must keep every client's money in its own segregated pot, walled off from the firm's own funds. That shields your deposit even if DEGIRO runs into trouble.
What protection do I have as a DEGIRO client in Estonia?
In Estonia, DEGIRO sits under AFM supervision, so you get: segregated client money, negative balance protection (you can never lose more than is on the table), and the right to take a complaint straight to AFM.
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