Using DeGiro

You should try Trading 212, no fees but maddening to say the least. For example you are not allowed spend more than 95% of your available funds on any one transaction. No visibility of bid/ask volume, i ditched it, free but not worth it!

Actually it does. You can turn off auto fx and have a dollar balance etc. At least in theory, i tried selling some of my US stocks a few years ago so i didnt have exchange fees for my next US buys, some trades went though others froze, maybe its better now. That works quite well on my Davy Stock AVC account though its extremely basic in other respects.

Interactive Brokers has the most European members of those that trade in the EU, maybe its better, i've been meaning to find something better for a bit.

Yep, was in a bit of a panic there!

I've the recently moved back from the UK to Ireland and wondering if I should transfer my degiro account to Ireland. From a practical point of view does it matter if my account is in Ireland the UK?

Anyone ever transferred shares OUT of Degiro?

The fee schedule states '€ 10.00 per position + external costs'

Any idea how much the external costs could be?

Is "sell" and "buy back" in new platform possibly a cheaper option?

Have cashed out a few positions and moved to IBKR and Tastytrade (ref links available if interested). Latter is solely for options.

Both apps have improved in last few months and I really like the fact that IBKR has a graph that tracks your performance across time. Doing this for degiro requires a third party app and exporting/importing csvs.

Fees on degiro have spiked compared to IBKR and even Revolut (you get 5 free trades for €8 a month on Revolut premium plus non-trading extras).

They are added to uninvested funds/available to trade amount, which i think is kept in the flatex account

I closed my Davy Select account today to concentrate on using etoro which am using for about 5 years . Just saw this thread what’s the big advantage degiro over etoro ? Thanks

I just received my annual statement from Degiro and it has given me a figure for "Gross Losses" for the year, but when I manually add up my realized losses for the year there is a large discrepancy between the 2 figures.

Has anyone had this issue? My only guess is that Degiro is factoring in losses due to currency exchange rates!

I'm up more than I thought that I was so looks like i owe some CGT :(

Which fees should I include? - Total Realised Fees?, other years i didn't include as they were negligible but this year its a couple of hundred so I want to include.

I had some declared losses last year, am i able to offset against my payment due here or is that done next year? Thanks.

For gains you made between the 1st Jan and the 30th of November this year you need to make a payment by the 15th of December of this year which is today!

You can make a payment online via the "Myaccount" section on the revenue.ie website.

The form you are looking for is CG1 Form CG1 – Capital Gains Tax Return 2023 (revenue.ie)

So you make the payment by the 15th of December, but the CG1 form doesn't have to returned until the 31st of August next year!

You have a personal tax exemption of €1270 , which means you don't pay tax on the first 1270 of gains.

There are a few Youtube videos that explain how to fill out the form.

Yes down for me too.

If something happens to DEGIRO, are my investments protected?

Answer

In the event that something were to happen to DEGIRO, the segregation of client assets ensures that your funds and positions will not be affected. Client assets are held separately from DEGIRO assets, and are not treated as recoverable assets to DEGIRO's creditors. In the event that something happens to DEGIRO, your assets will still belong to you.

In the unlikely event that the segregated assets cannot be returned to clients DEGIRO falls under the German Investor Compensation Scheme, which compensates any losses from non-returned assets up to 90% (with a maximum of €20,000).

A common misconception is that the €20,000 cap on the German Investor Compensation Scheme means that if something were to happen to DEGIRO (for example in the case of bankruptcy) investors who hold more than €20,000 in DEGIRO will lose everything over that amount.

However, this is not the case. Asset segregation is in place to protect client assets in events such as these. 

The investor protection scheme only comes into effect in the case that DEGIRO is found to have failed to take sufficient measures to protect client assets, or in the case of fraud on the part of DEGIRO.

FTX weren't regulated though.. What stock brokerages authorised by EU regulatory bodies have in recent years gone to the wall and resulted in clients losing assets ? I cant think of any but interested to know if there are cases in which clients lost assets? Just to be clear, I'm talking about stock brokerages only..

if you are aware of upcoming votes you can request DeGiro to facilitate it. They do unfortunately charge a fee for processing. I think i've been charged $10 in the past for some votes.

Yeah you can email degiro to vote at AGM's if you want.

Interactive Brokers do this for all AGMs for free