DEGIRO Statistics: Key Facts and Numbers for 2024
Explore our detailed compilation of DEGIRO data and statistics
Before DEGIRO, European investors would often pay anywhere between €10 to €40 for a simple stock trade, typically followed by a number of hidden extra fees. When DEGIRO launched in 2013, it wasn’t hard for the new brokerage to gain market share from incumbent Dutch and European brokers as “people were fed up with paying high fees and the industry was pushing them away,” as DEGIRO co-founder Gijs Nagel put it in a 2017 interview.
DEGIRO not only charged significantly less than its competitors but also introduced a self-directed investing model for the European retail segment, which was still new at the time. In 2014, one year after launching in the Netherlands, DEGIRO replicated its local success by expanding into neighbouring markets. Fast forward to today, the company, which recently merged with German flatex, now counts over 2.5 million customers with €50 billion invested, which makes it one of the largest online brokerages in Europe.
DEGIRO’s impact has been significant in reducing trading costs and democratising access to financial markets. DEGIRO’s pioneering approach not only pressured traditional brokers to lower their fees but also sparked a trend across the industry, which led to the emergence of several new brokers who closely mirrored the company’s successful strategy.
Explore our detailed compilation of interesting DEGIRO data and statistics. Read ahead for detailed insights.
DEGIRO key statistics and insights
- DEGIRO had 2.7 million users at the end of 2023.
- DEGIRO generated €406 million in revenue in 2022 and €106 million in profit.
- It had €49 billion in assets under management at the end of 2022.
- It was the fourth-largest pan-European brokerage in 2022.
- Investors made an average of 30 trades on the platform in 2022.
- The company’s own stock is down over 60% at the beginning of 2024 from its peak in 2021.
- DEGIRO was founded by Gijs Nagel, Jasper Anderluh, Niels Klok, and Stef Keetman, former employees of BinckBank.
- German flatex AG bought DEGIRO in 2020 for €250 million, with the merged entity being renamed flatexDEGIRO AG.
DEGIRO overview
DEGIRO BV was started by five former BinckBank employees in 2008, focusing initially on professional trade. By 2013, DEGIRO shifted focus to retail brokerage services and quickly marked its presence by expanding to nine European countries by 2014, serving a total of 18 countries in 2024. This rapid growth was fueled by the significantly lower fees it offered and its user-friendly trading platforms.
The trajectory of DEGIRO took a significant turn in July 2020 when it was acquired by flatex AG, forming flatexDEGIRO AG. Operating under the brands flatex and DEGIRO, the Germany-Netherlands-based online broker now offers services across 18 European countries to both retail and institutional clients. Today, flatexDEGIRO boasts over 2.5 million client accounts, manages almost €50 billion in assets, and is one of the 160 largest listed companies in Germany.
| Company name | flatexDEGIRO AG |
| Company type | Public (Xetra:FTK) |
| Headquarters | Frankfurt am Main, Germany |
| Financial year | 1 January to 31 December |
| Industry | Stock brokerage, banking |
| People | Frank Niehage (CEO) |
| No. of employees (average) | 1,321 (1st HY 2023) |
DEGIRO number of users
flatexDEGIRO had over 2.5 million customer accounts at the end of 2023, according to figures disclosed by the company. This makes it one of the largest online brokerage firms in Europe by user count.
| Year | No. of users |
|---|---|
| 2017 | 246,190 |
| 2018 | 358,062 |
| 2019 | 368,133 |
| 2020 | 1,330,971 |
| 2021 | 2,062,164 |
| 2022 | 2,398,401 |
| 2023 (unaudited) | 2,700,000 |
Source: flatexDEGIRO
Note: The criteria flatexDEGIRO uses to define a “customer account,” including whether this number includes inactive accounts, is not specified in the company’s reporting.
DEGIRO vs competitors
DEGIRO revenue
flatexDEGIRO made €407 million in 2022. According to its financial reports, the company’s main sources of revenue are commissions, interest income and, to a lesser extent, operating income from its IT services business.
| Year | Revenue (€ million) |
|---|---|
| 2017 | 41.03 |
| 2018 | 54.72 |
| 2019 | 131.95 |
| 2020 | 261.49 |
| 2021 | 417.58 |
| 2022 | 406.96 |
Source: flatexDEGIRO
What is DEGIRO’s average revenue per customer?
flatexDEGIRO made an average of €169.60 per customer in 2022.
DEGIRO profit
Unlike many other new European online brokerages, flatexDEGIRO is a profitable company. flatexDEGIRO has posted an annual net profit in the last five years. However, despite this profitability, the company does not distribute dividends to its shareholders.
| Year | Net income (€ million) |
|---|---|
| 2017 | 3.70 |
| 2018 | 17.47 |
| 2019 | 14.91 |
| 2020 | 49.92 |
| 2021 | 51.55 |
| 2022 | 106.19 |
Source: flatexDEGIRO
What is DEGIRO’s average profit per customer?
flatexDEGIRO made an average of €44.27 per customer in 2022.
DEGIRO assets under management
Assets under management (AUM) refers to the total market value of all the financial assets that a financial institution holds on behalf of clients. At the end of 2023, flatexDEGIRO’s held €49.2 billion in AUM, a 17% increase year-on-year increase.
| Year | AUM (€ billion) |
|---|---|
| 2018 | 10.995 |
| 2019 | 14.586 |
| 2020 | 31.765 |
| 2021 | 43.863 |
| 2022 | 39.475 |
| 2023 (unaudited) | 51.700 |
Source: flatexDEGIRO
DEGIRO average account size
flatexDEGIRO does not report the average size of customer accounts. However, their total assets under management and the number of users suggest that the average account size per user was around €18,400 in 2023.
DEGIRO number of transactions
flatexDEGIRO executed 67 million transactions in 2022. That’s 26.4% less than in 2021.
| Year | Transactions executed |
|---|---|
| 2019 | 31,433,466 |
| 2020 | 75,024,392 |
| 2021 | 91,015,832 |
| 2022 | 67,028,752 |
Source: flatexDEGIRO
DEGIRO average transactions per customer
Customers of flatexDEGIRO made an average of 30 transactions per year in 2022, down from 54 per year in 2021.
| Year | Transactions per customer |
|---|---|
| 2018 | 43 |
| 2019 | 45 |
| 2020 | 73 |
| 2021 | 54 |
| 2022 | 30 |
| 2023 (unaudited) | 20 |
Note: 2023 value is based on monthly transactions from January to December.
Source: flatexDEGIRO
DEGIRO number of employees
On average, flatexDEGIRO had 1,219 people employed during 2022, up 16.1% from 1,050 in 2021. That year, the company spent €68.207 million on salaries and other wage-related expenses.
| Year | Average number of employees |
|---|---|
| 2018 | 497 |
| 2019 | 527 |
| 2020 | 716 |
| 2021 | 1,050 |
| 2022 | 1,219 |
Source: flatexDEGIRO
DEGIRO history
- 2008: DEGIRO was established as a private company in the Netherlands.
- 2013: Launch of DEGIRO’s brokerage services for retail clients in the Netherlands.
- 2014: The company expanded to nine European countries.
- 2014: Euronext and DEGIRO partnered to distribute retail services.
- 2015: The broker continued its growth across Northern Europe and Italy, and launched an English platform in the UK.
- 2016: The broker became the largest online broker in the Netherlands by transaction volume and welcomed Switzerland, becoming the 15th country served by DEGIRO.
- 2017: The company reached over 200,000 clients and became one of the top five largest brokers in Europe by transaction volume.
- 2018: DEGIRO surpassed 350,000 clients.
- 2019: The company launched a new trading platform.
- 2019: flatex AG announced its intention to acquire DEGIRO.
- 2020: DEGIRO reached one million investors.
- 2020: flatex AG completed the acquisition of DEGIRO. DEGIRO customers benefitted from deposit insurance and banking services, with the merged entity being renamed flatexDEGIRO AG.
- 2020: flatexDEGIRO was admitted to the Prime Standard of the Frankfurt Stock Exchange and later included in the SDAX.
- 2021: The company reached 2 million clients in Europe and processed over 100 million orders.
- 2023: flatexDEGIRO reaches 2.7 million client accounts at the end of the year
DEGIRO FAQs
How does DEGIRO make money?
flatexDEGIRO primarily makes money through commissions, interest income, and a smaller fraction from selling IT solutions. Commissions are fees that customers pay for executing trades in securities like stocks and bonds. Interest income is the money it earns from various lending services and on cash deposits and money market instruments.
Who owns DEGIRO?
DEGIRO is the trading name of flatexDEGIRO Bank Dutch Branch, which is the Dutch brokerage branch of Germany-based flatexDEGIRO Bank AG. flatexDEGIRO Bank is owned by Flatexdegiro AG, which is a publicly-traded company owned by its shareholders. The ownership distribution includes individual insiders holding 1.44%, hedge funds with a 13.8% stake, the general public owning 14.4%, private companies with 15.4%, and institutions being the majority shareholders at 55%.
Who founded DEGIRO?
DEGIRO was founded by Gijs Nagel, Jasper Anderluh, Niels Klok, and Stef Keetman, former employees of BinckBank.
Where is DEGIRO based?
DEGIRO’s offices are in Amsterdam, in the Netherlands. FlatexDEGIRO, the mother company, is located in Frankfurt am Main, Germany.
