Degiro

gavmcg92 wrote: »

How long have you waited for your funds? Your funds may not have fully cleared.

I funded the account on Wed last. Money in account since sat and now Sunday and still getting error. I have emailed them but no response yet. I did have a bit of trouble funding account in the first place.

gavmcg92 wrote: »

Might be showing up but seeing as the funds became available on the Saturday you may need to wait until Monday to place your trade.

Hope so thanks

TheAbstracter wrote: »

Do Degiro take their fees from your account when you execute the buy/sell? Or is it taken cumulatively once a month?

When you buy and sell.

Marcc wrote: »

Slightly related question, Im about to create an account with degiro but im a novice...hopefully someone on here may be able to help...i want to buy BOI and sit on them..i have a choice of accounts when setting up my personal page - custody or basic..Apparently its important to class your accont properly..the degiro rep on email couldnt advise me.i think its a custody account i need. With my profile of once off transaction would i be correct
The fees seem small and are once off and no maintenance fees..is there something im missing degiro seems a great option compared to other Co.
When setting up account they want PPS number and my bank details i assume this is to fund my wallet..

https://www.degiro.ie/helpcenter/faq/my-account/909#513/what-are-the-differences-between-a-standard-profile-and-a-custody-profile

Shares held under a basic account can be lent out by degiro (that's how they make their money). Shares held under the custody account are held separately and cannot be touched by Degiro. Dividends on shares held under custody are charged a 3% commission whereas the basic account is free from the charge.

It's up to you to make the decision, it doesn't really bother me that me shares are lent out and so I go basic on mine.

I plan to upgrade from basic to active account and invest in some call options, is the only fee difference in the actual cost of the option, or is there an "annual service fee" attached to active account? It is not perfectly clear from their various PDF literature.

gavmcg92 wrote: »

Quick question for those who have sold their positions on Degiro. Are the proceeds automatically converted to euro on sale or is there a way to specifically request that money is kept in the currency of the share/fund?

As your account is in euros the proceeds are also converted to euros. I don't think it's possible to have several currencies.

AlmightyCushion wrote: »

It is if you turn off the auto FX option for that currency.

Thanks, I didn't know that.

What happens when you turn it back on? Can you use this to buy and sell US shares and convert dollars to euros on days when the exchange rate suits you?

AlmightyCushion wrote: »

When you turn it back on it will convert that currency back to your account's main currency. It doesn't do it straight away though. I think it only does it when the markets are open or something like that.

Yes you can buy US shares with and convert some of your balance back to another currency. Manually converting the currency incurs different charges than doing it automatically. AutoFX works out cheaper for smaller amounts, manually converting works out cheaper for larger amounts. I'm not sure what the amount is where manually converting works out cheaper than AutoFX but it should be easy to calculate.

it works out cheaper above 12,500 euro. (cost is 12.50 or 0.1%). after this its 10c/500 euro vs 50c/500 euro)

FOREIGN CURRENCY
Fee A,B
All foreign currencies via a manual trade € 10.00 + 0.02%*
All foreign currencies via Auto FX trader 0.10% *


Can someone explain to me how to short on degiro?
I tried selling shares and it just says i could end up in a short position. is there a way to actually short?
I'm in margin at the moment so wondering if that is the issue..
also fees arent very clear on them... anyone any experience?

Wheety wrote: »

Just noticed that I'm due some dividends from one of my shares. Hibernia REIT.

There are 2 lines of information.

1st line says dividend 0.73.
2nd line says Dividend Tax -0.15.

Does this mean tax is taken from source? Do I need to declare anything? It's only going to be around €30.

US tax is taken at source. You'll still need to declare the gross dividend "1st line says dividend 0.73. " to Irish revenue for Irish tax.

Wheety wrote: »

Thanks. Do you know what the dividend tax is on Degiro?

Depends on your account type. They have a 3% or 4% commission if you aren't allowing them loan out your shares for shorting purpose. Otherwise it's commission free.

On that point anyone know if it's possible to short on degiro? I can't figure out how..

Hi, I think this is the perfect place to get advice for my specific situation...

I'm Irish but living in Vietnam for past 6 years. I work there and pay tax there. I have an Irish AIB account; not much in it though. I have saved about 70K (in local currency, Vietnam Dong) working here. It's time to get that money somewhere safer than the banking system here; in the long run, it's not safe and inflation is a worry.

My initial idea was to contact a financial advisor specializing in expats, but his advice wasn't really up to scratch and the fees were high. So, now what I'm thinking is to send the money back to my irish bank account and then invest it using Degiro in broad-based passive ETFs (I hope this makes sense!).

Does this sound like a good plan? What potential problems do you see? Am I still liable for tax even though I'm not resident in Ireland?

Atlantic Dawn wrote: »

You're liable on tax based on your residency, typically in the country you spend more than half the year living in.

So I would pay tax on any profits from investing to the vietnamese government (as long as I'm living here)? I'm guessing I would have to show the irish government proof of this.

Anyone manage to get a US dividend paid on Degiro? Was there a 15% or 30% deduction?