TD Direct Investing

P_Cash

Traders,
may I ask does anyone here trade on TD Direct Investing. how do you find the platform? availability of listings? is there live prices?

I have an account with Redmayne-Bentley but I want easier access/on-line trading platform.

ill be possibly interested in NYSE FTSE and ISEQ,

adding to the account and making purchases at least once quarterly ( pending positions available)

Obviously Degiro is way cheaper, while i could be looking at €20 per transaction with TD.

I am leaning away from Degiro and here is why

- when is a deal to good?
- most people seem to be just throwing a few hundred in to an account, not too sure would I be at ease in 2/3 years and a portfolio of €20K/30K with them.
- with not having shares issued to you personally in paper, what happens if a broker goes south?, of course any broker can go south.

fyfe79

I have the exact same question. I've applied for an a/c with TD Direct and their application process seems more 'right' than DeGiro's. I need to bring a bill/bank statement, and a copy of my passport/drivers license to be verified by the Guards and then post copies and the application form to TD Direct. With DeGiro's I just filled out the forms online and lodged a token amount (€1) to activate the a/c.

Already I have more confidence in TD Direct to handle the €30k I'm planning to invest, but would like to hear other people's opinions on DeGiro's too.

topper_harley2

Have you guys read the threads on Degiro on here? I dont think you'll get much more information on a new thread.........I have 10K in Degiro and havent had any issues.

newacc2015

Look at it this way. Ryanair is extremely cheap to fly with as they have so little staff sitting around doing nothing. They fly nearly 100 million passengers a year and their customer service/HQ is a few floors of a not particularly large office block in an industrial estate. Likewise Degiro is no frills and isnt like a traditional stock broker with a fancy office in an expensive area filled with staff doing nothing.

Degiro are regulated by the Dutch authorities. I trust them more than Irish Stockbrokers, as I wouldnt be surprised if there is little or no regulation of Irish stockbrokers

Degiro keeps all customers deposits in escrow ie all the cash sitting in customer online accounts is separate to the cash of the Degiro. I think they say it is either ING or Barclays that holds it for them. Even though you dont have paper certs, you still have ownership of the shares. There are companies in America worth hundreds of millions and technically have less than 320 shareholders ( it is a magic number with the SEC for filling quarterly returns). They actually have tens of thousands of shareholders, just less than 320 of them actually want a paper cert.

Just because Degiro is cheap, doesnt mean it is dodgy. There are tons of companies in America where you can buy shares for like $1 a transaction. In Europe, we get ripped off for buying shares. Think about it for a minute. If buying and selling shares is all done by computer, why it cost any more than €4 a transaction? Wiring money to Germany costs a few cents, why should buying shares be any different?

iainBB

newacc2015 wrote: »

Look at it this way. Ryanair is extremely cheap to fly with as they have so little staff sitting around doing nothing. They fly nearly 100 million passengers a year and their customer service/HQ is a few floors of a not particularly large office block in an industrial estate. Likewise Degiro is no frills and isnt like a traditional stock broker with a fancy office in an expensive area filled with staff doing nothing.

Degiro are regulated by the Dutch authorities. I trust them more than Irish Stockbrokers, as I wouldnt be surprised if there is little or no regulation of Irish stockbrokers

Degiro keeps all customers deposits in escrow ie all the cash sitting in customer online accounts is separate to the cash of the Degiro. I think they say it is either ING or Barclays that holds it for them. Even though you dont have paper certs, you still have ownership of the shares. There are companies in America worth hundreds of millions and technically have less than 320 shareholders ( it is a magic number with the SEC for filling quarterly returns). They actually have tens of thousands of shareholders, just less than 320 of them actually want a paper cert.

Just because Degiro is cheap, doesnt mean it is dodgy. There are tons of companies in America where you can buy shares for like $1 a transaction. In Europe, we get ripped off for buying shares. Think about it for a minute. If buying and selling shares is all done by computer, why it cost any more than €4 a transaction? Wiring money to Germany costs a few cents, why should buying shares be any different?

I use degiro without any issues. Unless your going day trading it is perfect.