Using DeGiro

tod1982 · 20-09-2017 10:43am #1

Hi All,

Quick question on using DeGiro when buying a share.

I have always used Goodbody in the past but due to the lower costs have decided to open an account with DeGiro. I am a long term investor and any stock I have bought I have owned for a number of years.

I was looking at buying a company's shares on DeGiro, to hold long term but am getting confused with type and order duration.
To buy these shares at the current market price and have them added to my portfolio what should i select for a) type and b) duration

Thanks

Prezatch · 20-09-2017 11:32am

Market order: will get you the deal done immediately (you may have to suffer a slightly worse price then if you place a limit order)

Limit order: you set a maximum price you are willing to pay. The order won't be filled until another seller drops to that price.

Day order: only lasts for the day - if it doesn't get filled it's cancelled.

GTC: good til cancelled

tod1982 · 20-09-2017 11:39am

thanks,

so if i want to hold long term i should put duration as GTC?

Sabre Man · 20-09-2017 5:43pm

tod1982 wrote: »

thanks,

so if i want to hold long term i should put duration as GTC?

No, GTC only applies to your order duration. The other option is day order, which means your order will be cancelled at the end of the trading day if your conditions aren't met, say if you want to buy share X for 100 euros but it never goes below 102.

With GTC your order will be active until you cancel it or change it.

Once you have bought a share you will hold it until you sell it using a similar procedure.

PM me with your e-mail address and I'll give you a referral code that gives us both €20.

Thargor · 20-09-2017 5:50pm

Strongly advise not to market order, always set a limit.

Wheety · 22-09-2017 9:55am

You can hold them as long as you want, those settings are only for your buy order.

mansoff · 23-11-2017 2:35pm

I used DEGIRO and can say its great for Nasdaq stock however if buying on the London stock exchange be careful e.g. they charge what they call "London/Dublin Stamp Duty" e.g. If i had to buy about 6000 shares just less than £2 per share. You place your order but then your order might be filled in lots of 4 transactions and then get charged the "London/Dublin Stamp Duty" for each transaction. So this could cost €40 per transaction and then get hit by a "DEGIRO Transaction Fee" of €4, €1.95, €1.79 & €0.88. After you spend the €13k on shares your automatically down €170. They are a great platform and would highly recommend them.

I always limit the order for buying or selling

q85dw7osi4lebg · 23-11-2017 2:38pm

That happened to me recently, thankfully I was only purchasing a small amount. Live and learn !

mansoff · 24-11-2017 12:55pm

Yea live and learn is right, would try to mostly trade us stocks going forward

When you log to the web app (not the mobile app) click on account and you will see the fees per transaction. They have a number of tabs (including transactions) but this tab breaks down the charges clearly. Degiro mobile app is good.

ct5amr2ig1nfhp · 24-11-2017 5:42pm

I had a quick look at my own degiro history as what you posted did not sound right. Looking at my history for both the ISE/LSE, I get charged the €2/€4 degiro fee once per transaction, whether my transaction is executed in one transaction or is split into multiple transactions.

The London/Dublin stamp duty is 1% of the transaction/part transaction value, so it doesn't matter if the transaction is split.

€13k of shares should have cost you €2/€4 + €130 (1%) + €5.20 (0.04%)

I only have the basic account.

mansoff wrote: »

I used DEGIRO and can say its great for Nasdaq stock however if buying on the London stock exchange be careful e.g. they charge what they call "London/Dublin Stamp Duty" e.g. If i had to buy about 6000 shares just less than £2 per share. You place your order but then your order might be filled in lots of 4 transactions and then get charged the "London/Dublin Stamp Duty" for each transaction. So this could cost €40 per transaction and then get hit by a "DEGIRO Transaction Fee" of €4, €1.95, €1.79 & €0.88. After you spend the €13k on shares your automatically down €170. They are a great platform and would highly recommend them.

I always limit the order for buying or selling

SFG · 05-12-2017 10:35am

why would you pay london/dublin stamp duty on an irish stock like permanent tsb

ct5amr2ig1nfhp · 05-12-2017 3:17pm

Can you clarify your question? Stamp Duty is 1% for Irish company shares trading on the ISE.

Do you know how to avoid paying paying the stamp duty?

SFG wrote: »

why would you pay london/dublin stamp duty on an irish stock like permanent tsb

D_bourne · 05-12-2017 5:07pm

Hi all,

Wonder if any degiro users can help with this question;

Are there any inactivity fees levied on accounts where trading is infrequent?

I have a Saxo account and trade occasionally - more buy and hold than anything else. I'm tired of the inactivity and custody fees though so I'm considering switching to degiro. They say there's no custody fees and the trading fees certainly look attractive.

Any comments welcome!

Thanks

varese.10 · 09-12-2017 6:47pm

Can I invest in the chinese stock market with degiro? I want to invest on alibaba and other chinese companies
Thank you

ctlsleh · 10-12-2017 10:39am

I have a select account with Davy, the annual fees are quite high, I was thinking of switching over and moving my holdings, is that easy to do.....? Has anyone done that and how did it work out?

Also are there any downsides with Degiro? I heard they don’t support fractions of cents, is that correct?
(Example if you were buying a stock that is €0.235, they wouldn’t support that, they only support a price of €0.23 or €0.24.....?)

Sabre Man · 10-12-2017 11:43am

varese.10 wrote: »

Can I invest in the chinese stock market with degiro? I want to invest on alibaba and other chinese companies
Thank you

Yes you can.

Sabre Man · 10-12-2017 11:48am

D_bourne wrote: »

Hi all,

Wonder if any degiro users can help with this question;

Are there any inactivity fees levied on accounts where trading is infrequent?

I have a Saxo account and trade occasionally - more buy and hold than anything else. I'm tired of the inactivity and custody fees though so I'm considering switching to degiro. They say there's no custody fees and the trading fees certainly look attractive.

Any comments welcome!

Thanks

You pay basically €2.50 per exchange per year (less if you have a small portfolio). The Irish stock exchange is excluded.

Fees:
https://www.degiro.ie/data/pdf/ie/IE_Feeschedule.pdf

D_bourne · 10-12-2017 4:16pm

Thanks for the response Sabre Man.

Regarding the question re. Chinese stocks. Alibaba have ADRs listed on NYSE so I'd assume you could invest in that via degiro. Otherwise they list HK on their available exchanges (there's a list on their site) so again I think you should be able to trade for instance H shares if your interest is in Chinese stocks. Might even give access to Stock Connect (as part of the internationalisation of RMB a number of mainland Chinese stocks can be traded via HK). As a couple of others have said though, best ask degiro to confirm.

Thargor · 10-12-2017 7:37pm

ctlsleh wrote: »

Also are there any downsides with Degiro? I heard they don’t support fractions of cents, is that correct?
(Example if you were buying a stock that is €0.235, they wouldn’t support that, they only support a price of €0.23 or €0.24.....?)

Just checked my account there and Ive put multiple orders through at prices like 0.365, as in 36.5 cents, in USD and Australian dollars. I dont think any serious stockbroker would tolerate that tbh, it would be a bit of a bizarre rule.

mansoff · 14-12-2017 3:24pm

My costs were correct in my previous message.

I would also advise not to use Degiro for busy stock trading.

Problem 1
To my horror I bought 2000 shares and the web application kinda froze - telling me some error and my portfolio was not updated with the "attempted purchase". Then I tried again, when I refreshed the page it had purchased 4000.

Problem 2
Also had problems with stop limits, since its 15 minutes behind the program is unable to perform stock limits if the price 15 minutes previously is higher than the current price stop limit.

Problem 3
Also had a problem selling shares I tried to sell 1000 at market order and then a message appeared only allowing 480 to be sold on this exchange.

Altogether its fine for longs purchasing quiet trading times but for day trading the program is terrible.

ct5amr2ig1nfhp · 14-12-2017 3:52pm

Indeed. I firmly have DeGriro in the "you get what you pay for" bracket. I have had a few issues similar to above.

I also cannot understand why the website goes offline for 30 mins each day for maintenance. Seems crazy.

Sabre Man · 14-12-2017 5:26pm

Amber Mealy Illness wrote: »

I also cannot understand why the website goes offline for 30 mins each day for maintenance. Seems crazy.

When does this happen? I've never experienced this and I've been using DeGiro for over 2 years and I'm pretty much logged in constantly from about 9 to 21.

ct5amr2ig1nfhp · 14-12-2017 9:37pm

About 22.50 to 23.20 each evening. It's a real PITA, especially if you trade on the Australian exchange.

Thargor · 15-12-2017 8:59pm

Really? Thats around the time Id be queuing up any Australian orders, never noticed that.

drunkmonkey · 15-12-2017 9:15pm

Never noticed it offline either at those times.

q85dw7osi4lebg · 16-12-2017 9:59pm

Have never seen it down either.

ct5amr2ig1nfhp · 16-12-2017 10:10pm

It does indeed. I queried it with DeGiro and they confirmed it. I was getting duplicate orders, shadow orders, unable to connect to exchange errors etc. Also get logged out and unable to log back in for a time as well. Only had those problems during that 'maintenance' window.

ctlsleh · 17-12-2017 4:53pm

Any other issues, I’m thinking of moving my portfolio from Davy.....?

ct5amr2ig1nfhp · 17-12-2017 6:46pm

I have only been using them a few months but they are OK.

A few minor issues for me. Firstly the maintenance window as I have said in previous posts.

Also, I am finding stocks not listed but you can request they are added via support email Takes 2-3 days on average for any requested stock to be listed.

I find SEPA transfers slow, perhaps it's just me? They say 2 working days, so a transfer on Monday will not hit the account until sometime Wed. Transfers on weekends don't seem to hit my account until Wed.

Would like to see more live data.

I guess I cannot really complain given the trade costs are so low.

fred432 · 20-12-2017 11:41pm

Is it just me or does anybody else notice that your market order is always executed at the price you specify, even though the stock might have fallen over a cliff. I am happy with Degiro but with TD I often bought at prices well under my limit.

manonboard · 04-01-2018 7:35pm

I dont under the 'total difference' field.

It says i am negative by 1k

however I bought shares at 114.2, and they are currently at 116.2.
I purchased about 11k euro worth of them, the fees were just a couple of euro.

5K euro of this is on margin.

Why does this field show a negative? and where is it coming from?

The other field i would like to ask is on the porfolio screen.
In my list of shares (i have 1, visa). It has a result column with negative 500euro in it. Can someone explain this also please?

Much appreciated gents
Ray

ctlsleh · 04-01-2018 8:15pm

How are deGiro for US market trades, does it work well ?
It would appear to be easier to trade locally and move money over and back with deGiro rather than with someone like TDAmeritrade......

Welcome comments and views

kokiyou · 05-01-2018 10:18am

manonboard wrote: »

I dont under the 'total difference' field.

It says i am negative by 1k

however I bought shares at 114.2, and they are currently at 116.2.
I purchased about 11k euro worth of them, the fees were just a couple of euro.

5K euro of this is on margin.

Why does this field show a negative? and where is it coming from?

The other field i would like to ask is on the porfolio screen.
In my list of shares (i have 1, visa). It has a result column with negative 500euro in it. Can someone explain this also please?

Much appreciated gents
Ray

Ray its probably due to changes in currency. I got some stocks in Dec that are up 2% but my portfolio is only up 0.5% due to EUR getting stronger over USD

mansoff · 05-01-2018 1:02pm

Yea look at how much the dollar has lost against the euro in the last 12 months terrible if your investing in the US stock market as you need to gain about 20% to break even.

Degiro is good for not so busy times trading shares (longs) but no so good for day trading busy stocks.

I am in the process of opening an US trading platform and will transfer X amount and keep it in Dollars and work away trading with that for a couple of years for trading US stocks and will convert back to Euro when I feel the exchange rate suits.

ctlsleh · 05-01-2018 3:04pm

mansoff wrote: »

Yea look at how much the dollar has lost against the euro in the last 12 months terrible if your investing in the US stock market as you need to gain about 20% to break even.

Degiro is good for not so busy times trading shares (longs) but no so good for day trading busy stocks.

I am in the process of opening an US trading platform and will transfer X amount and keep it in Dollars and work away trading with that for a couple of years for trading US stocks and will convert back to Euro when I feel the exchange rate suits.

surely its an automated process, so dont see why they would be slow.....?

i also have a US account with TD AMeritrade, but getting money over and back is difficult, they charge 2% to convert currency otherwise they send you a US dollar check which takes a few weeks to clear, thats why im thinking of going deGiro.......was with Davy Sleect, but the fees are a killer and the platform is pretty crap

ball ox · 05-01-2018 3:36pm

Does anyone reckon there is reason to be concerned about the future of deGiro if this US ETF business isn't ironed out?

Like many, I joined up with deGiro because they don't charge transaction fees on certain US ETFs. Isn't this their USP?

If this drags on and people like me jump ship to a US broker is there a danger that deGiro will lose a substantial amount of business?

I've not looked into it in a while and stand open to correction but I recall reading somewhere that customer accounts on deGiro were only guaranteed to a max of 20k by the Dutch regulator.

I'm not trying to fear-monger or anything like that, I'm a big fan of deGiro, but.... is this something to worry about?

mansoff · 05-01-2018 4:04pm

Not sure about the Degiro 20k limit never experienced any problems withdrawing.

I think if you using Degiro to trade us stocks better to convert x amount to dollars and then trade with your converted dollar currency otherwise its confusing to see your progress.

Also as I said previously I was charged big amounts to trade london stocks about €180 per 11k trade to convert to STG and trade so be carefully on londson stocks with Degiro.

If you read my previous thread here you will see some issues I experienced with Degiro but if you only want to trade stocks not day trade i think Degiro would be a good switch I have traded 100s time last year and only seemed to experience issues when trading the smaller stocks that are not on the "Nasdaq - BATS US Realtime". Stocks like Amazon and Microsoft are on the "Nasdaq - BATS US Realtime" therefore you get the realtime quote and can put in realtime stock losses where as stocks on the Nasdaq are 15 minute delayed therefore you cannot correctly put in a stock loss. I also experience other issues when trading these stocks using Degiro. Read my previous post to see the issues I expeienced.

ct5amr2ig1nfhp · 05-01-2018 11:22pm

Ffs. I cannot get into degiro.ie again. Is it down for anyone else?

kokiyou · 05-01-2018 11:26pm

yep app and site down for me

ct5amr2ig1nfhp · 05-01-2018 11:31pm

Getting pretty p*ssed off at this stage. I am waiting nearly three weeks for a response to a query I sent to support. Even with the holidays, that is a damn poor response time.

I forgave their shortcomings due to their low cost but it is getting ridiculous now.

q85dw7osi4lebg · 06-01-2018 12:01am

First time I haven't been able to login.

evolving_doors · 06-01-2018 9:58am

Login through their website on your phone instead. It worked fine for me at the time mentioned last night.
It was mentioned in another thread that they have a downtime at that time no?
Also end of the week maintainence and all that.

ct5amr2ig1nfhp · 06-01-2018 11:24am

Their .nl site was also down. They had a technical issue as per their degiroeu twitter account. I normally log on via my phone browser and that also was not working either. On both my phone and tablet.

When it did come back up in the early hours, I wasn't able to place any orders. Will try again later.

dickface · 06-01-2018 12:22pm

ball ox wrote: »

Does anyone reckon there is reason to be concerned about the future of deGiro if this US ETF business isn't ironed out?

Like many, I joined up with deGiro because they don't charge transaction fees on certain US ETFs. Isn't this their USP?

If this drags on and people like me jump ship to a US broker is there a danger that deGiro will lose a substantial amount of business?

I've not looked into it in a while and stand open to correction but I recall reading somewhere that customer accounts on deGiro were only guaranteed to a max of 20k by the Dutch regulator.

I'm not trying to fear-monger or anything like that, I'm a big fan of deGiro, but.... is this something to worry about?

What ones are you not able to buy anymore?

ball ox · 06-01-2018 12:43pm

dickface wrote: »

What ones are you not able to buy anymore?

US based ETFs

Edit: related thread https://touch.boards.ie/thread/2057822332/4/#post105746120

manonboard · 11-01-2018 2:43pm

After Creating a new account, and transfering funds in. I cannot access any margin/debit money. I have activated my profile as trader. Could someone advise why this might not be available after changing profile? Is there another step to activate it?

the goon · 15-01-2018 2:40pm

Hi guys. Just wondering if someone can help me with something. It seems to be very hit and miss whether stock I am looking at on the ASX are available through Degiro. For example no problem getting hold of TAW but others like Specialist Metals International,SEI not there at all. Does anyone know why?

Thanks in advance.

ct5amr2ig1nfhp · 15-01-2018 3:26pm

Normally you can email degiro and request that your stock is listed. However at the moment you might not get a response from them for weeks. Also stock addition is currently suspended.

It would appear they don't have the resources to respond in a timely manner to the current volume of emails and were/are not adequately prepared for the new mifid legislation (in my opinion).

I did contact them previously to query why they don't have a full list of ASX listed stocks but never got any response.

There is a sponsored thread at the top of the page if you would like to request they add SEI. I would be interested to hear their public response.

I am actively looking for another broker if anyone has recommendations?

Bateman · 15-01-2018 6:04pm

I wouldn't hate on any broker too much for failing to be 100% on top of MIFID to be honest, the industry as a whole is going to continue to struggle and it'll run and run...

ct5amr2ig1nfhp · 15-01-2018 6:10pm

There's no hate. This legislation had been years in the making. It absolutely shouldn't impact other day to day operations like responding to emails.

paulers06 · 15-01-2018 6:34pm

How long is a day order valid for? 24hours? I am placing an order for the ASX and was just wondering if it will still be good once the market opens. Thanks!

Using DeGiro

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