New online broker entrant

PaulM1977

Just a question, can you trade currencies with DeGiro? Had a very quick look yesterday and couldn't see anything about it.

iain56

Just opened a DeGiro account, was looking to purchase Apple Green shares but see that they only offer the GBP security (limited Irish selection really!).

Are there any disadvantages aside from currency to buying the one traded in London?

Hibrasil

iain56 wrote: »

Just opened a DeGiro account, was looking to purchase Apple Green shares but see that they only offer the GBP security (limited Irish selection really!).

Are there any disadvantages aside from currency to buying the one traded in London?

If Sterling depreciates against Euro as a result of Brexit any gains could be wiped out ....with the possibility of a loss even!

ToneW

Why do they require your pps number when opening an account?

Frogdog

ToneW wrote: »

Why do they require your pps number when opening an account?

This question has already been asked and answered in the thread. Read the thread before asking repetitive questions.

freeze4real

Does degiro offer leverage ?

topper_harley2

freeze4real wrote: »

Does degiro offer leverage ?

Just look at the website! Its listed right there: https://www.degiro.ie/products-and-markets.html

ToneW

Frogdog wrote: »

This question has already been asked and answered in the thread. Read the thread before asking repetitive questions.

Someone asked if it was legal for a broker to ask for a pps number, I asked why a broker asks for a pps number. These are two different questions.

I presume its because of tax purposes, so someone cannot open a brokerage account and not declare their tax on any ptofits. So giving a pps number makes it easier for the revenue to access your information in this regard.

I could be completely wrong which is why I asked the question thinking maybe a more well-informed person could explain why it is used. Apologies if this confused you.

Frogdog

You asked why "they" require a PPS number. "They" meaning Degiro, not all brokers. The answer already given in the thread was that every broker requests it, it's not specific to Degiro.

And yes, strangely enough, they require your PPS number for tax purposes.

Cute Hoor

Can somebody tell me how the currency exchange works with DeGiro. I presume the base currency is Euro, so if I want to trade a Nasdaq stock I presume they take the converted amount from the Euro balance, is this correct and what rate do they use (is the rate similar to that used by the banks with a wide buy/sell gap)

topper_harley2

They charge 0.1% to do the FX. The rate I assume is the daily exchange rate.

https://www.degiro.ie/data/pdf/ie/IE_Feeschedule.pdf:

All foreign currencies via Auto FX trader: 0.10% *

* processed in buy/sell price at time of execution.

Sportin

Can somebody help me please on how to short a stock using Degiro.
Etrade used to have a "sell short" option that is not available in Degiri.
I have an Actuve trader a/c

Sportin

Can somebody help me please on how to short a stock using Degiro.
Etrade used to have a "sell short" option that is not available in Degiri.
I have an Actuve trader a/c

Prowetod

Could someone explain what the red highlighted sentence means:

Limit Order
You set a minimum price (in case of a sell) or maximum price (in case of a buy) for which you
want to execute your Order. Your Order will never be executed at a worse price than your limit
price. If the price that you have stated is not attainable at that time, your Order will be sent to the
place of execution at which the most economical (best-price) execution is expected. For some
products, you can choose to which place of execution the Order must be sent. You should then
select 'own routing'.

EmonMCC

Being spoiled by a flat fee of $8.95 per order (my current broker is Charles Schwab), I was wondering which broker of choice I'm going to sign up with once moved to the ROI. So I found the Degiro website and was stunned by their low fees. Do you guys have any experience about them? I'm into dividend investing in US blue chips so this would be my highest concern.

airmech

Hi,

I tried to set up an account. It is telling me under tasks still outstanding to transfer funds, i have done this. Will it just automatically allow me access when they have confirmed i have done this? How will they confirm its me, do they just match the bank account registered to the username to the account that lodged the money?

ahnowbrowncow

airmech wrote: »

Hi,

I tried to set up an account. It is telling me under tasks still outstanding to transfer funds, i have done this. Will it just automatically allow me access when they have confirmed i have done this? How will they confirm its me, do they just match the bank account registered to the username to the account that lodged the money?

Yes, it'll take a few working days.

Zascar

You need to make 100% sure that the money gets sent from the same account details you put in at the start. Mine went missing as I put in my current account details but ended up transferring from my savings - however they fixed it for me when I called up.

airmech

Thanks , i have access now. I am trying to buy on the ASX but cannot get any price info, has anyone else tried to buy on this market?

Prezatch

airmech wrote: »

Thanks , i have access now. I am trying to buy on the ASX but cannot get any price info, has anyone else tried to buy on this market?

There is no price info quoted so you have to use something like google finance to get an idea of where it is (when the market is open). I just realised this..

So you'll need to be up between the hours of 1am and 7am to make the trades here in Ireland - take a price from google finance as your limit price although it is 20mins delayed so it won't start showing prices until around 1.20am

If your order doesn't get filled try increasing your limit order slightly as the price will have moved during the 20min delay...and with lithium it's probably gone up :pac:

airmech

JoeyD wrote: »

There is no price info quoted so you have to use something like google finance to get an idea of where it is (when the market is open). I just realised this..

So you'll need to be up between the hours of 1am and 7am to make the trades here in Ireland - take a price from google finance as your limit price although it is 20mins delayed so it won't start showing prices until around 1.20am

If your order doesn't get filled try increasing your limit order slightly as the price will have moved during the 20min delay...and with lithium it's probably gone up :pac:

Thanks, I had an idea of the price and I have an order in. I will also be up for 6 so I can revise it in the morning if necessary.

dashoonage

Right lads, complete nooooooob here. Considering making a move on some shares. If i transfer a sum into Degiro and get cold feet can I just transfer it back out?

Prezatch

dashoonage wrote: »

Right lads, complete nooooooob here. Considering making a move on some shares. If i transfer a sum into Degiro and get cold feet can I just transfer it back out?

Of course

Zascar

Degiro now offering €20 freee credit when you sign up... as good as time as any if you have not joined yet

Prezatch

Zascar wrote: »

Degiro now offering €20 freee credit when you sign up... as good as time as any if you have not joined yet

A mod using an affiliate link....naughty naughty :eek:

ToxicPaddy

MOD Note: Link has been altered and now directs straight to broker site

The Minstrel

Looking at the fee schedule, I see that Ireland is the only European exchange which isn't offered a €60 fee cap on transactions by Degiro:

https://www.degiro.ie/data/pdf/ie/IE_Feeschedule.pdf

0.04% without a cap could actually prove fairly hefty. Seems like we are getting slightly shafted here! I wonder why Ireland is singled out like this.

There is no facility (that I can find) in my account to view transaction charges.

topper_harley2

.04% of E100,000 is only E40 quid! Hardly hefty.....

The Minstrel

topper_harley2 wrote: »

.04% of E100,000 is only E40 quid! Hardly hefty.....

Yeah I saw that. My mistake.

I've had a few error messages when making a purchase. "Order worst case execution value (including estimated fee) is x and spending limit is x."
...when I've clearly had a 50 or 60 quid gap to play with yet the order cannot be processed. Was wondering if I'm doing something wrong... :-(

Prezatch

You'll pay stamp duty on Irish shares also - you may not have a sufficient balance to do the order and incur the related costs.

Kenya1234

DO I pay fees when both buying and selling shares? or is it just when buying?

dinneenp

I know the amount invested shouldn't matter, if a broker is good they're good....but would you use Degiro if buying €20k plus of shares?
I presume the answer should be yes but just wanted opinions.
Thanks in advance,
Pa.

Sabre Man

Kenya1234 wrote: »

DO I pay fees when both buying and selling shares? or is it just when buying?

Both.

scheister

most likely a daft question but ill ask anyway

Ive started recently using degiro. Ive notice for my first few trade I have been charged Irish stamp duty. AFAIK if the purchase of shares is for less then €1,000 stamp duty does not apply.

Prezatch

Drop them an email and see what they say

Tom Dunne

I have a couple of funds with Rabo. Does Degiro have similar funds? Is there a list anywhere? I cant seem to find a list on their website.

Frogdog

Tom Dunne wrote: »

I have a couple of funds with Rabo. Does Degiro have similar funds? Is there a list anywhere? I cant seem to find a list on their website.

This is a list of commission-free ETFs that DeGiro offer. There's a few terms & conditions with it (available on their website) but nothing nasty like Rabo's entrance and exit fees:

https://www.degiro.ie/data/pdf/ie/commission-free-etfs-list.pdf

Kenya1234

Anyone know how much transaction fees would be to buy DUST ETF?

Hibrasil

Kenya1234 wrote: »

Anyone know how much transaction fees would be to buy DUST ETF?

A word of caution:-
DUST is an extremely aggressive inverse play“the market for DUST is extremely active” on perhaps the most widely followed gold mining index—the NYSE Arca Gold Miners Index—and the widely held ETF that tracks it: GDX.
The index tracks about 30 firms engaged in the precious metals mining industry globally, with a strong bias to large gold and silver mining firms. DUST promises to provide inverse exposure to these firms with a leverage factor of 3 on a daily basis.
The last point is important, because investors trying to make a long-term bet against gold mining shares can only use DUST to do so if they are willing to frequently adjust their position in the fund.
The good news is the market for DUST is extremely active, as evidenced by the fact that it trades in large volumes each day, although spreads can be significant. Its expense ratio is high, to be sure, but most traders won't hold the fund for long enough for those costs to be a major factor.
Source:- ETF.com

JoeCat

I just opened an account with them a couple of weeks ago but I haven't used the broker yet.

Anyone knows where I can find the difference between basic account (mine at the moment), Active account and Trader account?

I could only find the differences between custody and standard profile but unsure if it is the same.

https://www.degiro.ie/helpcenter/faq/my-account/909

On the other hand, at first look, I find the charts and lay out very basic (even though on the website they say they have the best technology and best broker, I suppose it just does the basic (buying and selling). Not good enough for technical trading. Good price anyway, specially compared to the rip off from other brokers or banks in Ireland.

plasmin

JoeCat wrote: »

I just opened an account with them a couple of weeks ago but I haven't used the broker yet.

Anyone knows where I can find the difference between basic account (mine at the moment), Active account and Trader account?

I could only find the differences between custody and standard profile but unsure if it is the same.

https://www.degiro.ie/helpcenter/faq/my-account/909

On the other hand, at first look, I find the charts and lay out very basic (even though on the website they say they have the best technology and best broker, I suppose it just does the basic (buying and selling). Not good enough for technical trading. Good price anyway, specially compared to the rip off from other brokers or banks in Ireland.

They are execution only, so does basic thing at very good price!!!

Naos

Custody vs Non-custody account; What are the pros & cons of each?

As a normal person looking to invest a small amount, which should I choose?

Squozen

Naos wrote: »

Custody vs Non-custody account; What are the pros & cons of each?

As a normal person looking to invest a small amount, which should I choose?

From their site:

"With a Custody profile the securities are held separately and are unable to be loaned out to third parties.

This profile has a number of other differences compared to regular account types, derivatives are not able to be traded, real time prices are not available for the Euronext exchanges and a different fee is applied for the profile. However you are still able to profit from low fees and save money through trading with DEGIRO."

Custody is 'safer', but both are probably fine for a normal trader. Real-time prices are the best reason for you to choose non-custody.

Captainsatnav

Hello, I can't see how I add a company to my 'favourites'. Can someone enlighten me, I'd be grateful, thanks ( looking at Botswana Diamonds on LSE)

ct5amr2ig1nfhp

When you click into a stock, look at the stock name on the left. You'll see green B and red S. Next to it you'll see a star to add to favourites.

Captainsatnav

Hi - another noob question. I placed a buy limit order @ €5.67 this morning. As far as I can see the lowest this particular share price went today was €5.69 but in my portfolio tab it shows me as having bought the shares?

ct5amr2ig1nfhp

What is the stock and exchange? Is the exchange data real time or delayed?

In the same area I mentioned above, at the end of the row might be a number in a blue square. For example your Botswana Diamonds stock on the LSE which is 15 minutes delayed, so you'll see "15". if you hover over the square, it gives more information.

Captainsatnav

It's Dalata on the Irish Exchange. The blue square says it's real time.

(Thanks for taking the time to respond by the way - I appreciate it)

ct5amr2ig1nfhp

No problem. it's showing as low of 5.65 now so probably just a delay in the data updating.

Cork123456789 wrote: »

It's Dalata on the Irish Exchange. The blue square says it's real time.

(Thanks for taking the time to respond by the way - I appreciate it)

Mantis Toboggan

I've shares which were bought a good few years ago, is it possible to bring them over onto degiro to appear in my portfolio?