DEGIRO is a popular German-Dutch cryptocurrency discount broker, developed in 2008 by the employees of a leading brokerage company headquartered in the Netherlands. There was a merger between Flatex DEGIRO Bank AG and DEGIRO in 2021. This merger created one of the biggest execution-only online brokers in all of Europe. The broker is regulated under top-level financial authorities, including the Europe-based regulatory body, BaFin. DEGIRO provides cheap stock trading on its modest trading stock exchange and charges only £1.75 with 0.014% trading fees per trade. The maximum fee charged by the platform is £5.00. Trading fees for buying and selling cryptos are higher. Apart from the transparent fee structure, SIPP or ISA accounts are not available on the DEGIRO platform, and it lags competitors, especially in fundamental education and research. In this DEGIRO review, we will dive deeper into its features, pros and cons, services, fees, trading platform, deposit and withdrawal methods, and many more.
|Products offered||Trading Platform, Forex|
|Minimum Initial Deposit||No|
|MetaTrader 4 (MT4)||No|
|MetaTrader 5 (MT5)||No|
|Trading fees||Depends on Volume|
|Supported currencies||USD, GBP, EUR & More|
|Customer Support||Email, FAQ Support & Help Center|
What Is DEGIRO?
DEGIRO is one of the leading low-cost crypto brokers popular in the United Kingdom because of its above-par security and low rates. The commission fees are even lower than its low-cost competitors. The platform has undeniably revolutionized the cryptocurrency market by breaking all the conventions of this community. Despite its user-friendly features, there are certain things that users should know about the platform, and that is why this DEGIRO review is important. Other than derivatives like CFDs, DEGIRO also specializes in crypto and stock market investments. DEGIRO is a great option to buy and sell stocks as it offers a transparent yet lower fee structure. It is a global financial trading platform as well as a multi-crypto broker that offers its retail traders the following trading features- Investment Fund trading, Share Dealing trading, ETF trading, Bonds trading, Futures trading, Warrants trading, Options trading, and Leveraged Products trading.
DEGIRO Platform Interface
Features of DEGIRO
DEGIRO has an endless list of impressive trading features and they are:-
- Extremely low trading fees, no inactivity or withdrawal fees.
- No minimum deposits are required.
- Supports 9 base currencies.
- Provides demo account for beginners.
- Offers several trading products like Fund, Bond, Stock, ETF, Options, Crypto, and Futures.
- Provides Advanced Financial Chart along with comparison tools.
- Supports both mobile app and web browsers.
- Extensive educational resources and research analysis by top analysts, on financial markets.
- Suitable for both new and professional investors.
- Supports more than 15 languages.
Services Offered by DEGIRO
The DEGIRO platform provides the following brokerage services:-
When an exchange needs liquidity, it can either take a loan or issue its shares called stocks. Stock trading is when an investor invests in a particular exchange by buying its shares. DEGIRO offers stock trading to its traders so that they can buy a share when the price of the share is low and sell a share when the price is high. This is how trading the shares can be profitable. However, traders also earn through dividends when the companies distribute their profits among their shareholders.
When an investor places an order on the platform to buy and sell a particular share, the order straight away goes to the stock exchange where the shares are traded. There are two types of shares available in the stock exchange – Common stock and Preferred stock.
The main difference between these two types of stocks is the voting rights. Common stocks are more commonly used than Preferred ones. Common shareholders are generally provided with voting rights for business issues like electing members of the board. Hence, common shareholders possess a voice in matters relating to the management and policies laid down by the company. On the other hand, the Preferred shareholders do not enjoy voting rights, but they are generally guaranteed a fixed dividend which is similar to bonds.
Bonds are a financial product that enables an investor to lend funds to an issuing borrower. Lenders receive interest for lending bonds, and this payment is known as the coupon rate. The bond buyer is the lender, and the issuer is the borrower. Traders should pay attention to the three main elements a bond holds – the coupon, the maturity date, and the par value.
The coupon rate is essentially the interest rate paid by the issuer of a bond. For example, an issuer with a $1000 bond and 5% coupon rate will need to pay $50 per annum.
The maturity date is a predetermined date for the refund of the bond. Typically, bonds are considered low-risk items.
Par Value or Face Value
The face value is a bond’s nominal value, an amount that is paid to the bondholder at the time of maturity. If the coupon rate is lower than the interest rate, the bond is traded below par, while if the coupon rate is higher, the trade is above par or at a premium.
DEGIRO helps traders to buy bonds from the platform. Traders can purchase corporate and government bonds, but the transaction charges depend on the bond market and not on DEGIRO. Unlike other financial tools, bonds are priced as a percentage of the par value and not in currency.
Investment funds are generally managed by the fund manager, and hence, it comes with a price. This price is included in the investment fund price. Most of the managers charge a fee ranging from 0.5% to 2% per annum. So, traders must check this price before they invest. All important documents related to investment trading are available on the platform when an investor selects an investment fund. There will be an option for Documents. DEGIRO also charges certain intrinsic costs to buy and sell the positions. The fee structure is quite transparent and available on the platform.
Traders can participate in investment trading without facing any risk. DEGIRO is completely transparent and open about the uncertainties and risks involved with investing. The funds are well spread, and the risks are usually relatively limited. Nevertheless, there are risks, and traders must note that investment funds are not often traded.
DEGIRO offers the following well-known investment fund houses:-
- Goldman Sachs
- BNP Paribas
- NN (former ING investment funds)
- Aberdeen standard
- SNS investment funds
ETFs or Exchange Traded Funds
An exchange-traded fund, also called a tracker, is a product following a commodity, index, or bond. ETFs are purchased and sold on the stock exchange, and the ETF performance follows the price movements of the products in the funds.
Traders who are willing to invest in ETFs require brokers to place the order, and that’s when DEGIRO comes in. The platform allows traders to invest in ETFs at low costs, and so, they offer a huge list of ETFs where traders can invest without worrying about transaction costs. This service is supported in over 50 financial markets and across four continents.
Coming to the costs of ETF investments, traders need to pay an integrated administrator fee along with transaction costs to the broker when they buy and sell ETFs. The website clearly displays all the costs involved in ETF investment.
While purchasing an option, traders automatically purchase the right to buy and sell a particular quantity of securities for a certain price in the future. For instance, when a trader agrees to possess the right to buy 100 specific shares for six months at a predetermined price, this is called option trading. DEGIRO offers options that are derivative, which means that the product gets its value based on the price of the underlying assets. Hence, these underlying assets act as an index, a commodity, or even a share.
Options trading uses the leverage effect. Due to this effect, profits made from options are greater than if the trader invested the funds directly in an underlying value. However, if there is an unpredicted movement of these underlying assets, traders could lose funds often and quickly.
DEGIRO also offers Futures trading that are standardized contracts, similar to options, made between 2 parties at a predetermined rate and expiry date. The platform charges trading fees, settlement fees, and connection fees for Futures trading.
The settlement cost is paid only at the time of final settlement on expiration. Moreover, the platform developed a risk model that determines the collateral amount required to meet risks. If the cost of the underlying asset significantly differs from the expected price, the traders can meet the obligation of the reserved amount.
DEGIRO allows traders to Futures trade on several affiliated derivatives exchanges. Since Futures trading involves complexities and high risk, it is not quite suitable for beginners. Hence, the DEGIRO account does not allow traders to trade in derivatives directly. For Futures trading, users need a Trader or Active account that offers additional terms and conditionals and appropriateness tests.
DEGIRO offers structured products that include different financial instruments used by investors. Structured products include warrants, certificates, turbos, and many more. These products help in achieving high returns, but they are usually accompanied by high risk and high cost.
Structured products are usually issued by major financial institutions like BNP Paribas and Goldman Sachs. Note that different structured products have different features, but warrants are more like options, whereas certificates and turbos are like structured products.
Several structured products have in-built leverage that indicates the percentage in which the product value moves if the underlying assets move by 1%. For instance, if the leverage level is 5, it implies that the product moves by 5% when the underlying moves by 1%.
Is DEGIRO Regulated?
DEGIRO is based and founded in the Netherlands. So, the question is whether the platform is regulated in the Netherlands. Brokerage firms have to fulfill all the rules and regulations for a license approval by a recognized international authority to be able to offer a secure trading platform. The whole idea of regulation is to offer a secure trading environment and to protect the platform’s traders from fraudsters and hackers.
DEGIRO is governed, supervised, and regulated by reputable and recognized financial regulatory agencies, and they are –
DEGIRO merged with flatexDEGIRO Bank AG which is primarily regulated and supervised by BaFin (the Bundesanstalt für Finanzdienstleistungsaufsicht), a financial regulator in German. The Dutch Central Bank (DNB) in the Netherlands also supervises all operations on the DEGIRO trading platform. Financial Conduct Authority (FCA) in the United Kingdom authorizes and regulates the platform, which makes it all the more secure and trustworthy. Additionally, the platform is also under the indirect regulation and monitoring of the European Central Bank (ECB). So, the different bodies that regulate, supervise, and authorize the DEGIRO trading platform are:-
- AFM or the Netherlands Authority for the Financial Markets.
- FCA or Financial Conduct Authority.
- BaFin or the Bundesanstalt für Finanzdienstleistungsaufsicht.
- DNB or the Dutch Central Bank.
DEGIRO Review: Pros and Cons
|No minimum deposit.||Scalping unavailable.|
|Lowest fees in the market.|
|Easy to use interface.|
|Both web and mobile versions are available.|
DEGIRO Account Opening Process
The account opening process is straightforward and similar to other exchanges, but if you are new to trading, you might want to check out these few steps to follow when creating an account with DEGIRO:-
- Go to the official DEGIRO website. On the top right corner, there are two options – Login and Open an account.
- For first-time users, click Open an account, and the following page will display a form to fill in.
- Enter the email address, select a username and password.
- A link will be sent to the registered email ID. Open the link to confirm the address, and the website will ask to enter more information such as personal details, place, and date of birth, address, etc.
- The platform also requires users to add the bank account number that they wish to connect with DEGIRO.
- Users are advised to verify the given information to avoid mishaps.
- The website also requires users to upload an image of either their passport or ID card.
On completion of all the above steps and uploading the required documents, the platform will review the application form and let users know what to do next. When users activate the DEGIRO account, the platform generally asks to make a deposit or transfer from the account. Thus creating an account with DEGIRO is very simple and convenient.
DEGIRO Account Opening Process
Types of DEGIRO Accounts
DEGIRO offers various types of accounts with different features, and they are:-
DEGIRO Basic Account
The basic account on DEGIRO is primarily suitable for beginners since the account does not require any minimum deposit amount. In addition, the traders also need to be aware that the spread may vary in this account. So, the main reason why users choose the basic account is that there are no commissions charged. Moreover, traders with basic accounts can freely trade on leveraged products. However, the only problem is that they cannot purchase DEGIRO margins or short stocks.
DEGIRO Trade Account
The trader account is similar to the basic account since it does not have any minimum deposit amount. Also, the spreads are extremely variable. Users with trading accounts choose it since there is no commission fee, and the traders get 1:50 leverage. Besides these features, the trading account also allows users to purchase at least 100% of the available margins. They can also gain access to free dividends and coupon processing.
DEGIRO Day Trader Account
Traders with a day trader account can enjoy the variable spread, and there is no requirement for the initial deposit. There are no commission fees, and the traders can avail of 1:100 leverage. Users choose this account because of the availability of derivatives, and traders can purchase up to 100% of the available margin. Additionally, there are extra margins available, specifically during open trading hours.
DEGIRO Custody Account
The initial deposit of the custody account is zero, and traders are not required to pay commission. The custody account is an entry-level account that allows users to trade in bonds, trackers, shares, and investment funds. It is completely free apart from the real-time prices and open to all traders. The leverage is 1:100, and these comprehensive accounts support almost all the needs of the traders.
DEGIRO Trading Platform
As per the DEGIRO review, it is an award-winning forex broker exchange with an excellent trading platform suited to all kinds of traders. It allows them access to their portfolio, market news, extensive order capabilities, and streaming quotes. The trading platform is growing in popularity with global investors. Additionally, the interface is user-friendly, offering various trading options. The order window is easily accessible and offers a choice of placing the orders based on the preferred order value or the number of stocks.
The trading platform is complete in the sense that investors from across the globe can view the spread on Euronext and choose the order from the different order types for the transactions. DEGIRO allows users to create their favorite list, read news related to their portfolio, and find inspiration for better and improved investing opportunities. The trading platform is ever-changing and improving since the developers’ team constantly tries to update the platform and add innovative trading features based on the feedback of their customers.
Coming to the DEGIRO Options trading, a trader purchases an option when they purchase the right to trade, buy or sell a particular quantity of securities at a certain price in the future. For instance, a trader makes an agreement on options trading that gives them a right to buy 100 particular shares for the next six months at a fixed rate.
As per the DEGIRO review, it provides the use of lending funds using the portfolio as collateral. The amount available as collateral varies based on the portfolio composition. Options trading uses this leverage effect, and the profit that traders make with options trading is certainly greater than investing directly in any underlying value. The main reason for this is that traders have to invest a significantly smaller amount with options trading than with the direct investment in any underlying asset. Nevertheless, traders may lose funds often and quickly with an unexpected movement in the assets.
Coming to ETFs (exchange-traded funds), they can be both leveraged and non-leveraged. Unlike the regular ETFs in which the ETF’s values are comparable to the underlying assets’ values, it is possible to buy leveraged ETFs. In the case of leveraged ETF, traders can borrow funds from the issuing party and invest more in the assets than the amount usually invested. The leveraged ETFs are relatively focused and complicated on short-term outcomes. They usually have high costs, risks and uncertainties involved. Hence, these are less suitable, especially for beginner investors.
As per the review, DEGIRO being a broker offers state of the art in crypto trading platforms, mobile apps, educational resources, and financial research tools. A broker needs to maintain all these products and services to earn revenue as an organization. They may charge traders different trading fees, and hence, traders need to be cautious of the fee structure of a particular trading platform. The following are the fees and limits to be maintained on the platform:-
DEGIRO Minimum Deposit
DEGIRO does not require traders to maintain any minimum deposit while creating a DEGIRO account. Such forex brokers do so to attract more traders to the platform. Forex Brokers who require large minimum deposits offer more advanced trading features on their trading platforms. They have more research tools, comprehensive analysis as well as improved risk management attributes. Since more platforms are entering the cryptocurrency market, the minimum deposit requirement to create a trading account has gone down since more and more brokers are competing to get more clients.
Based on the trading account type users opt for, certain brokers need a minimum deposit that may go up to 6500 GBP/USD, while others may go as high as 10,000 GBP/USD.
DEGIRO Withdrawal Fees
The withdrawal fees on DEGIRO vary based on the chosen withdrawal payment option. Every broker has a set of specific withdrawal rules on how traders can withdraw funds from their trading accounts. The reason is that every brokerage firm has different sets of withdrawal methods, and the payment providers may charge different processing fees, currency conversion fees, and processing times. The conversion fees are based on the base currency, the payment provider, and the receiving currency.
DEGIRO Inactivity Fees
An inactivity fee is charged when an account remains inactive in a registered brokerage. Brokers may require certain trading activities under its terms and conditions, and clients have to fulfill those requirements. As per the DEGIRO review, it does not charge any inactivity fees, and this is a plus point.
DEGIRO Exchange Connection Fee
When a trader connects to any exchange other than the home exchange, they are charged with an exchange connection fee of about 2.50€, i.e., a maximum of 0.25% of the account value for every connected exchange in a year.
DEGIRO, like other brokers, charges an exchange connection fee to set up better trading opportunities. This offers additional access to more exchanges and helps build technical support within North America, Asia, and Europe. This exchange connection fee is levied on only those traders who use these exchanges. DEGIRO uses PPU or pay-per-use policy, which means traders incur a fee only if they make use of certain services. The connection fees are applied when they carry out a transaction on other exchanges during a calendar year.
DEGIRO Deposit Fees
Traders must note that even though DEGIRO does not charge any deposit fee, they may apply certain bank or third-party merchant fees. Traders should always check the deposit fees since a few brokers charge fees for depositing funds through certain chosen payment methods. The deposit fee is based on the payment method chosen to fund the account. It may be fixed when traders deposit a particular fiat currency into their accounts. For instance, fees may be high if funds are deposited through a credit card (i.e., if the broker accepts payments via credit card).
DEGIRO Transaction Fees
DEGIRO transaction fees are nothing but commission fees charged while making trades on the platform. Most trading fees have the following two components – a variable rate and a base rate – based on the volume or amount of the order. The fees DEGIRO charged on the account in the above two parts, and the same are reflected in the Account Statement. All in all, the fees DEGIRO charges are completely transparent and are displayed during a trade. To know more and compare its fee structure visit the website.
DEGIRO Deposit & Withdrawal Options
As per the review, DEGIRO allows traders to deposit and withdraw their funds through several payment methods, and each of the methods operates to provide a better inclusive trading environment.
DEGIRO Deposit Options
Deposits on DEGIRO can be made through bank transfers, Trustly, and Sofort (the last two options are available only in certain countries). The company has stringent rules when it comes to deposits made via bank transfers. This implies that the platform accepts bank transfers only from those bank accounts that are linked to the client’s name and from the supported countries only.
On the other hand, deposits via Trustly generally take about 30 minutes to process, and the platform does not charge any fees or commissions for depositing money into the account.
DEGIRO Withdrawal Options
As per the reviews, DEGIRO does not charge any fee for withdrawals, and like other trading platforms, withdrawals can be made only through bank transfers. The company ensures that the withdrawn funds are sent through bank transfers, and usually, it takes three business days to process. However, most transactions are processed within 24 hours. As for security, the traders are not allowed to transfer to those accounts with a different name.
Additionally, traders should note that DEGIRO requires additional info from them before authorizing the initial withdrawal. Failure to do so would take more time for the withdrawal process to complete, and in most cases, it would extend to three business days.
DEGIRO Affiliate Program
According to the DEGIRO review, the affiliate program is quite straightforward and similar to other crypto trading exchanges. Traders joining the DEGIRO affiliate program can earn huge commissions and also help others save funds on their personal investments. The platform offers a dedicated manager to finance bloggers and comparison websites to help them choose the best content type for their audience and allow them to monitor their performances, all in real-time, by viewing their dashboards.
As the reviews suggest that the DEGIRO began its journey being a wholesale broker, but now it has expanded to become Europe’s largest retail stockbroker. Retail clients can benefit and enjoy the low rates and excellent trading opportunities that were initially available only to professional clients.
Through the affiliate program, the platform collaborates with the traders to develop long-standing and trusted relationships. There are two ways to earn through the affiliate program-
- Refer a friend or invite a friend to the DEGIRO platform by sending a referral code and earn a £20 reimbursement in your transaction fees.
- Get yourself invited by a friend and open an account on DEGIRO using the referral code to earn £20 reimbursement on a transaction.
Resources Offered by DEGIRO
As per many DEGIRO reviews, it encourages more investors to trade effectively, thereby making it important to have sufficient knowledge and understanding of the trading tools on the platform and the markets. The exchange offers multiple resources for investors to make full use of the educational tools not only with DEGIRO but also externally.
The DEGIRO platform has an excellent collection of educational resources on topics ranging from products and strategies to exchange Information. The broker blog helps investors learn how the trading platform works, how to make, buy and sell trades and how to manage and mitigate investment risks and uncertainties. It helps in building an analytical approach among the traders and develops a skill-set systematically.
DEGIRO Mobile App
The DEGIRO review provides you the information related to the mobile app which is not too different from the desktop version of the exchange. It is simple to navigate and extremely user-friendly. It allows users to create their watchlists from the Favourites options so that they can trade easily from the DEGIRO app. The Favourites synchronizes automatically between the mobile app and the website, and this feature is lacking in other exchanges offering mobile apps. The charting capabilities on the broker platform have improved since traders can now pull up an interesting and interactive chart out of the mobile app into a 3rd-party website.
Furthermore, the platform also has a touch and face ID for quick DEGIRO logins. The interface is intuitive and super-fast so that a trade can be executed in a few seconds. Traders can turn on/off email confirmations and push notifications, but the platform does not provide price alerts. Here are a few features of the app worth mentioning:-
- Charting tools.
- Multiple trading instruments.
- Single-click trading.
- Real-time updatesOpens closes and modifies positions rapidly.
- Supports both Android and iOS devices.
DEGIRO’s mobile app is designed to trade on the go, thereby allowing traders to make investment decisions wherever they want, whenever they want.
DEGIRO Mobile App
DEGIRO Security Measures
According to many DEGIRO reviews, concern among traders on matters relating to the security and safety of their funds is common. This is mainly because the platform is an inexpensive broker with extremely low trading fees. Even though it is not completely secure, the stock broker is fully regulated by financial regulatory bodies, namely – the Nederlandsche Bank, the AFM in Dutch, and the FCA(Financial Conduct Authority) in the United Kingdom.
Additionally, the DEGIRO website uses encryption systems to ensure that the clients’ data are kept secure and private. The 2-factor authentication by the Google Authenticator also boosts security, and lastly, the funds are kept in separate entities, and therefore, it is protected against the insolvency of the platform.
DEGIRO Security Measures
DEGIRO Customer Support
As per the DEGIRO review, it provides great customer support, and traders can reach out to the support team in different languages as the platform is multi-linguistic, available in over 18 countries, and that is the biggest advantage since traders can speak in their own languages. The supported languages are English, Czech, German, Spanish, French, Polish, Italian, Portuguese, Hindi, Romanian, Hebrew, Slovenian, Arabic, and Russian.
The DEGIRO team’s response time is super-fast and provides relevant answers to customer queries. The email support, however, is mediocre since the response time is two days on average. The DEGIRO customer support team is available only between 7 am to 9 pm on weekdays.
DEGIRO Customer Support
DEGIRO Review: Conclusion
As per many DEGIRO reviews, it is one of the most popular regulated brokers that provides access to a wide range of trading instruments, exchanges, and markets. In this DEGIRO review, we discussed the main highlights of the exchange, such as the exceptionally low commissions, intuitive interface, and multiple trading forms. Note that the DEGIRO platform charges an additional €2.5 per year for every additional market the user trades. The registration process in DEGIRO is straightforward, and navigating the trading platform is easy and straightforward.
The best thing about DEGIRO is that it is completely supervised, registered, and regulated by the financial regulatory bodies, not only in the Netherlands but also internationally. However, there are certain areas to improve upon, such as an improvement in the price charts and news feed. Educational resources are more than sufficient, and the content is extremely well done.
All in all, the DEGIRO forex broker is an excellent choice for traders who wish to invest in funds, bonds, ETFs, and stocks in the major European, North American, and Asian markets.
DEGIRO Awards and Achievements Till Date!
Is DEGIRO Safe to Use?
DEGIRO is believed to be safe and secure since it is regulated and continuously checked for conduct by major regulatory bodies – FCA (Financial Conduct Authority), DNB (The Dutch Central Bank and the AFM (The Netherlands Authority for the Financial Markets). Additional security is provided by using tier-1 banks that measure the banks’ financial strength and health. The deposits made by investors are stored in a segregated account. This means the funds are protected against the platform’s insolvency.
Moreover, when an investor creates an account on DEGIRO, they are eligible for an Investor Protection of at most €20,000 as securities and further up to €100,000 for uninvested funds in the DEGIRO account.
Is DEGIRO Any Good?
If you are an investor looking for an extremely low-cost forex broker, DEGIRO should be on your list of the top 3. The trading platform is also very basic, user-friendly, efficient, and straightforward. It provides multiple trading forms suitable for both beginners and professional, high-volume traders.
Is DEGIRO Good for Beginners?
Yes, it is quite suitable for beginners. As per the reviews, Unlike other forex brokers, DEGIRO offers a demo trading account that could be a great benefit for beginners since simulation accounts are exceptionally useful during honing trading skills without facing the risks and uncertainties of the volatile market. Additionally, beginners are provided with a load of important educational resources relating to trading, markets, types of products available, strategies, investing with the platform, and many more.
Is DEGIRO Safe for the Long Term?
Yes, DEGIRO is not only a great low-cost forex broker in Europe. It is also safe even for long-term investments. The platform is one of the cheapest options, yet it is an ideal choice for making long-term investments or a portfolio of securities with no inactivity fee and very low commissions.
Does DEGIRO Have an Inactivity Fee?
No, DEGIRO does not charge an inactivity fee. An inactivity fee is charged on those accounts that remain inactive for a specified period. Most forex brokers will charge an inactivity fee if the traders keep their account inactive, i.e., if they do not buy or sell over a time period as determined by the broker. Certain brokerage companies charge inactivity fees as compensation for rendering services like maintenance of the account.
Does DEGIRO Have Penny Stocks?
Well, this question depends on whether or not DEGIRO provides the exchange on which the products are listed. The platform does not provide access to US OTC (Over-the-Counter) or American Pink Sheets.
Note – DEGIRO Reviews are not to be considered as an endorsement or investment advice of any kind. Investors are requested to seek financial advice from experts before making trading decisions on digital platforms. The extent of consumer protections may differ. Information on the Temporary Permissions Regime is available on the Financial Conduct Authority’s website.