When first registering with DEGIRO, you can choose between a Basic and a Custody account.
A Basic profile is the standard account type when you register with DEGIRO. If desired you can upgrade a Basic account to an Active, Trader, or Day Trader account, which will allow you to access Debit Money (trading on margin), Debit Securities (short selling) and Derivatives.
A Custody profile is different from a Basic profile in that the securities are held separately from the lending pool of DEGIRO clients’ securities, and are thus not subject to securities lending. A Custody account cannot be upgraded to an Active, Trader, or Day Trader account. A Custody Profile has different conditions and fees. Please see Custody Fee Schedule for details.
Due to the nature of the Custody account, it is not possible to convert a Custody account to a Basic account or vice versa.