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Davy trading vs Degiro

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  • 24-03-2018 2:09pm
    #1
    BonesJones1
    Registered Users Posts: 63 ✭✭


    Just wondering which of these trading platforms offers the best option for someone looking to trade with a low amount of money (1-2k ish). Degiro offers a low transaction fee but I’ve read that they aren’t safe as they could fold and I’d lose my money. Any opinions are welcome and any other platforms others use. Thank you


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    #2
    eliterank
    Registered Users Posts: 43 ✭eliterank


    Degiro is just as safe as Davy and the chances of them folding are extremely unlikely. Degiro hold clients assets in a separate custodian entity meaning that if something happens to them, clients money will not be treated as recoverable assets to creditors. Considering you'll only trading with 1-2k Degiro is the better option, the fees charged by Davy will wipe out most of your profits if you're an active day trader


  • Options
    #3
    BonesJones1
    Registered Users Posts: 63 ✭✭BonesJones1


    eliterank wrote: »
    Degiro is just as safe as Davy and the chances of them folding are extremely unlikely. Degiro hold clients assets in a separate custodian entity meaning that if something happens to them, clients money will not be treated as recoverable assets to creditors. Considering you'll only trading with 1-2k Degiro is the better option, the fees charged by Davy will wipe out most of your profits if you're an active day trader
    Thank you ðŸ‘


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