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Which broker to choose for Index funds/ETFs?

  • 13-01-2015 11:43pm
    #1
    Registered Users, Registered Users 2 Posts: 37


    I was looking into investing some small saving I have, in Vanguard. The problem is, you need €100k to deal directly with them, or find a broker than deals with them. Despite many of Vanguards mutual funds, and ETFs being domiciled in Ireland, I couldn't find many banks/brokers here that deal with Vanguard, so it seems my options for brokers are extremely limited.

    The options I have researched so far are:

    DavySelect:
    • Quarterly Maintenance Fee: €20
    • 0.5% commission for stock trades or ETFs, with a minimum charge of €14.99
    • 0.0% commission for funds

    KeytradeBank:
    • No maintenance fee
    • Range of fees depending on which stock market
    • €9.95 entry fee for funds; no exit fee, or annual fee

    TD Direct Savings (Irish/EU branch of TD Ameritrade):
    • Inactive Account (no trades in last quarter or less than €5000 balance) Fee: €15
    • Commission Fee: Frequent Trader (more than 10 times in quarter): €15; Standard Trader: €20
    • £1.50 Dividend reinvestment fee

    Does anyone have any suggestions? At the moment I'm leaning towards KeytradeBank, simply due to the low fees. Has anyone invested in Vanguard through these to get a better idea of actual cost?


Comments

  • Closed Accounts Posts: 685 ✭✭✭FURET


    mc_teo wrote: »
    I was looking into investing some small saving I have, in Vanguard. The problem is, you need €100k to deal directly with them, or find a broker than deals with them. Despite many of Vanguards mutual funds, and ETFs being domiciled in Ireland, I couldn't find many banks/brokers here that deal with Vanguard, so it seems my options for brokers are extremely limited.

    The options I have researched so far are:

    DavySelect:
    • Quarterly Maintenance Fee: €20
    • 0.5% commission for stock trades or ETFs, with a minimum charge of €14.99
    • 0.0% commission for funds
    KeytradeBank:
    • No maintenance fee
    • Range of fees depending on which stock market
    • €9.95 entry fee for funds; no exit fee, or annual fee
    TD Direct Savings (Irish/EU branch of TD Ameritrade):
    • Inactive Account (no trades in last quarter or less than €5000 balance) Fee: €15
    • Commission Fee: Frequent Trader (more than 10 times in quarter): €15; Standard Trader: €20
    • £1.50 Dividend reinvestment fee
    Does anyone have any suggestions? At the moment I'm leaning towards KeytradeBank, simply due to the low fees. Has anyone invested in Vanguard through these to get a better idea of actual cost?

    Interactive Brokers without a doubt. Their fees are outstandingly low compared with the providers you mentioned. Some caveats:
    • You need 10k USD currency equivalent to open a Interactive Brokers account
    • Only buy ETFs that trade of European exchanges (such as VEUR, VUSA, VUSD, VDEM, VERX etc, and iShare equivalents). There is no minimum investment amount to purchase these ETFs.
    • Never keep more than the currency equivalent of 60k USD in cash in the brokerage account.


  • Registered Users, Registered Users 2 Posts: 419 ✭✭Mort5000


    Saxo


  • Registered Users, Registered Users 2 Posts: 2,435 ✭✭✭ixus


    Mort5000 wrote: »
    Saxo

    Might want to see their outcome from Swiss event.


  • Registered Users, Registered Users 2 Posts: 419 ✭✭Mort5000


    ixus wrote: »
    Might want to see their outcome from Swiss event.

    There we go.


  • Registered Users, Registered Users 2 Posts: 332 ✭✭merryberry


    Is aplari gone gone?


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