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Online trading

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  • 02-01-2005 9:20pm
    #1
    djk1000
    Closed Accounts Posts: 899 ✭✭✭


    I want to open an online share trading account. Can someone tell me if there are any Irish sites that are good value? I've seen U.S. sites like etrade with very cheap trades but Irish sites all seem to be about €30 per trade plus annual fees! I'll probably be doing 3-4 low value trades a year.


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    #2
    Reyman
    Registered Users Posts: 1,297 ✭✭✭Reyman


    Sharewatch do trades at 0.3% commission plus annual charge. Davy's are at 0.75% plus A.C. and the others are dearer still.

    I'm using Davy's to be on the 'safer' side -- S'watch is a little Ryanair-ish.

    The UK companies are a lot cheaper and give 'per trade' rates, which makes sense. Irish companies probably don't have the volume to give decent rates and stick with commission percentages.


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    #3
    logonapr
    Closed Accounts Posts: 96 ✭✭logonapr


    Why must it be Irish based?

    I use internaxx - http://www.internax.com/English/index.asp

    Best value I've found to date


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    #4
    Reyman
    Registered Users Posts: 1,297 ✭✭✭Reyman


    I've heard about Internaxx - it's Luxembourg based isn't it?

    Trades seem very reasonable compared to Davy! Do you get caught on currency change costs or sending bank drafts etc. , lodging certificates, ?

    Do you keep your money in Euros or Sterling etc?


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    #5
    djk1000
    Closed Accounts Posts: 899 ✭✭✭djk1000


    I'm just saying "Irish based" to be on the safe side, if anything goes wrong.


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