Goodbody or Saxo

v638sg7k1a92bx

Considering Saxo's changes to their fee structure, has anyone used Goodbody for their online trading.

Anyone know what the differences are in terms of user experience and layout of the platform?

RobertKK

Giancarlo Cold Racer wrote: »

Considering Saxo's changes to their fee structure, has anyone used Goodbody for their online trading.

Anyone know what the differences are in terms of user experience and layout of the platform?

I see Goodbody have done changes according to their website, but I find it impossible to see what their fees and commissions are.

Saxo has a far broader range of equities and other asset classes to invest in.

As for platform, only have experience of Saxo and it is very user friendly and you can arrange it to suit yourself.

v638sg7k1a92bx

From their website here: http://www.goodbody.ie/help.html

US and European Charges
A charge of €19.05 is included on all US and European purchases and sales. This charge is to cover the cost of holding and transaction fees passed onto Goodbody Stockbrokers by our Custodian Agents in the US and Europe.

US and European transactions may also attract other minimal Stock Exchange and Broker charges.
US Regulatory Charge: 0.00153%.
Overseas Broker Charge
Varies depending on the market and broker. Typical fee: 0.20%.

Nominee Charges
No Charge.
Other Charges
€21.49 per annum Account Maintenance Charge. This charge is subject to VAT.
€13 Stock Transfer Out Charge, per line of stock, with a minimum charge of €40.
€15 Consolidated Tax Voucher replacement.

blass

So if you want to use Goodbodys to buy an ETF on a EUROPEAN exchange it will cost you min EUR51.50 (EUR32 commission + EUR19.50 European charge). EXTORTION.

Lord TSC

blass wrote: »

So if you want to use Goodbodys to buy an ETF on a EUROPEAN exchange it will cost you min EUR51.50 (EUR32 commission + EUR19.50 European charge). EXTORTION.

Pretty much makes it impossible for the smallest investors

Started off with a few hundred a few years ago, but am about to cash out now, and the reality is I'd break even...if not for the massive, massive fees. Guess they (nor anyone) really give a **** about the smallest investors

delux

sam.ie was supposed to be setup for this reason, to give some proper competition to the high fees in Ireland. You'll hear the ads for it on the radio. I haven't used it though.

soirish

Why don't you try Interactive brokers?

jungle_hostage

saxo are one of the leading brokerage firms in europe with an incredibly wide range of financial securities available for trade and who,s fees are very reasonable

goodbodies are an irish broker who,s fees structure should be filed under highway robbery

hopes that helps

Colonialboy

jungle_hostage wrote: »

saxo are one of the leading brokerage firms in europe with an incredibly wide range of financial securities available for trade and who,s fees are very reasonable

goodbodies are an irish broker who,s fees structure should be filed under highway robbery

hopes that helps

Its been a few years but Im looking to increase the amount of trading I do.
Its all Nasdaq,Ftse,Dow,S&P.
So who has the best online service and fees available.
TD,Interactive Brokers, Saxo, Davy, Goodbody.....I see them all mentioned, any clear cut wonner there.
Currently have an account with Davy and they are charging 100 euro per phone trade which is mad.

frostypants

Saxo are now introducing a new custody fee of a minimum 5 EUR a month on top of a £25 quarterly inactivity fee. I've about E6000 worth of stock and will be fleeced.

Anyone know what's a better alternative for me please? All I want to do is hold share. No trading whatsoever

Kaskade

frostypants wrote: »

Saxo are now introducing a new custody fee of a minimum 5 EUR a month on top of a £25 quarterly inactivity fee. I've about E6000 worth of stock and will be fleeced.

Anyone know what's a better alternative for me please? All I want to do is hold share. No trading whatsoever

Has anyone found a better option than SAXO particularly for ETF's , I was going just about to open an account until I read about the holding fee

P_Cash

I've money sitting wait for a year or two, a few quotes in mind, but only one thing putting me off buying shares is the one outlined here.

Remarkable how nobody has the right answer.

What's the best broker for someone not trading, 4/5 transactions a year,

What's the best broker for 4/5 transactions a month

Best broker for irish,uk, us shares.

Think i covered everything.

If one day i seen a good broker id make a start,

pjproby

With Goodbody trading US shares after 6pm is restricted.

'US at best and limit orders received after 18:00 hours will be placed for execution in the market the next business day.'


http://www.goodbody.ie/help.html

Prezatch

P_Cash wrote: »

I've money sitting wait for a year or two, a few quotes in mind, but only one thing putting me off buying shares is the one outlined here.

Remarkable how nobody has the right answer.

What's the best broker for someone not trading, 4/5 transactions a year,

What's the best broker for 4/5 transactions a month

Best broker for irish,uk, us shares.

Think i covered everything.

If one day i seen a good broker id make a start,

I signed up for TD Direct a few weeks ago and find them perfect. They are a no brainer for you. €20 a trade and no quarterly charges. Plenty of selection in terms of equities and ETFs. All brokers available to Irish residents seem to charge high rates of FX and getting foreign currency into your broker account is not simple as I've learned so investing in UK and US is expensive no matter what you choose. Keep in mind that the US dollar is extremely strong against the euro at the moment and if it starts to fall you can wave goodbye to gains on investing in US stocks.

Ace2007

JoeyD wrote: »

I signed up for TD Direct a few weeks ago and find them perfect. They are a no brainer for you. €20 a trade and no quarterly charges. Plenty of selection in terms of equities and ETFs. All brokers available to Irish residents seem to charge high rates of FX and getting foreign currency into your broker account is not simple as I've learned so investing in UK and US is expensive no matter what you choose. Keep in mind that the US dollar is extremely strong against the euro at the moment and if it starts to fall you can wave goodbye to gains on investing in US stocks.

Have no personal experience with TD Direct, but when i was looking for a company a while back, and quick search of boards for TD Direct, put me off - seems to have been a lot of problems - maybe there are all fixed now, but best to do research.

frostypants

JoeyD wrote: »

I signed up for TD Direct a few weeks ago and find them perfect. They are a no brainer for you. €20 a trade and no quarterly charges. Plenty of selection in terms of equities and ETFs. All brokers available to Irish residents seem to charge high rates of FX and getting foreign currency into your broker account is not simple as I've learned so investing in UK and US is expensive no matter what you choose. Keep in mind that the US dollar is extremely strong against the euro at the moment and if it starts to fall you can wave goodbye to gains on investing in US stocks.

I'm applying to them for the second time. It's a real pain trying to get address verified and signed off. Sent the letter but got nothing back.

Have to do it all over again now

Weshtlad

Hi guys, just a quick question on the TD verification forms, I've tried the banks but they refused to sign them, I ended up getting my local Garda to sign and stamp the form and photocopies. The only thing is he didn't know what the regulator reference number was so left it blank, just wanted to know who you got to verify it for you?(JoeyD or frostypants)

Cheers.

robp

Weshtlad wrote: »

Hi guys, just a quick question on the TD verification forms, I've tried the banks but they refused to sign them, I ended up getting my local Garda to sign and stamp the form and photocopies. The only thing is he didn't know what the regulator reference number was so left it blank, just wanted to know who you got to verify it for you?(JoeyD or frostypants)

Cheers.

I did it with Bank of Ireland.

frostypants

Weshtlad wrote: »

Hi guys, just a quick question on the TD verification forms, I've tried the banks but they refused to sign them, I ended up getting my local Garda to sign and stamp the form and photocopies. The only thing is he didn't know what the regulator reference number was so left it blank, just wanted to know who you got to verify it for you?(JoeyD or frostypants)

Cheers.

The bank were a pain to be honest. They were asking me all sort of questions and we're slow enough to sign it.

Went to local garda. Took photo copies of my bills and stamped them. Leave that reference blank, just get them to sign and stamp what they can.

I sent it directly to UK address this time (registered) and got email about week later saying account was opened.

You then have to wait for a letter with your account number which was a few days after that again