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 the Custody Fee Schedule for further information, here.
Due to the nature of the Custody account, it is not possible to convert a Custody account to a Basic account or vice versa.