Using DeGiro

ct5amr2ig1nfhp · 15-01-2018 6:56pm

The order expires at the end of the current trading day. If you place an order now it'll still be valid when the ASX opens later and be valid until the end of the trading day. I believe the ASX is open from 10am until 4pm Sydney time.

paulers06 wrote: »

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!

Jamie66 · 16-01-2018 4:26pm

Looking to open a Degiro account does anyone here have any experience withdrawing money from their account?

What were the transaction fees and time etc?

mansoff · 18-01-2018 10:40am

I had no problem withdrawing money and done this quite a bit with large amounts by bank transfers. Probably 3 working days give or take in and out

Jamie66 · 18-01-2018 11:21am

mansoff wrote: »

I had no problem withdrawing money and done this quite a bit with large amounts by bank transfers. Probably 3 working days give or take in and out

Thanks

Plambey · 04-03-2018 10:42pm

Prezatch wrote: »

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

Hey guys, how immediate is "immediately" for Market orders? I've had orders in the pending state for hours on both market and limit orders.

Does this mean that no one is selling that particular stock or am i missing something?

garrettod · 07-03-2018 1:28pm

Hi,

How long do funds take to appear on your DeGiro account, if transferred electronically from an Irish Bank account ?

PTSB tell me that funds are in another SEPA bank account next working day and to be fair to them, it's proven through when I have transferred funds to the likes of BNP in France, not to mention peoples accounts with other Irish Banks.

However, I am finding a certain Irish broker is taking 2-3 days to allocate funds, despite even admitting that funds have been received but just not allocated. It's clearly down to poor admin, in the absence of an automated process, so am considering the alternatives.

Many thanks,

Plambey · 07-03-2018 2:18pm

garrettod wrote: »

Hi,

How long do funds take to appear on your DeGiro account, if transferred electronically from an Irish Bank account ?

PTSB tell me that funds are in another SEPA bank account next working day and to be fair to them, it's proven through when I have transferred funds to the likes of BNP in France, not to mention peoples accounts with other Irish Banks.

However, I am finding a certain Irish broker is taking 2-3 days to allocate funds, despite even admitting that funds have been received but just not allocated. It's clearly down to poor admin, in the absence of an automated process, so am considering the alternatives.

Many thanks,

I'm with AIB and found my funds transferred into DEGIRO in a day or less, pretty much signed up and had funds same day.

ct5amr2ig1nfhp · 07-03-2018 4:12pm

It generally takes two working days for my SEPA transfers to hit my DeGiro account. One day to transfer to their holding account in Ireland (Danske account?) and then one or more to hit my DeGiro account. I have had funds hit DeGiro and not hit my account for over a week.

They appear to use a holding bank in Ireland and then the funds are transferred to another account in the Netherlands.

DeGiro claim that the delay in hitting my account is due to anti-money laundering procedures. You'd swear I was transferring millions :rolleyes:

garrettod wrote: »

Hi,

How long do funds take to appear on your DeGiro account, if transferred electronically from an Irish Bank account ?

PTSB tell me that funds are in another SEPA bank account next working day and to be fair to them, it's proven through when I have transferred funds to the likes of BNP in France, not to mention peoples accounts with other Irish Banks.

However, I am finding a certain Irish broker is taking 2-3 days to allocate funds, despite even admitting that funds have been received but just not allocated. It's clearly down to poor admin, in the absence of an automated process, so am considering the alternatives.

Many thanks,

littlevillage · 07-03-2018 5:03pm

If I have a Euro account, and I trade on the ASX what currency conversion rate does Degiro use ? is it the EUR/AUD rate from the end of the previous day or is it realtime ? ...do they charge any currency conversion fee/commision ?

I assume the shares are held in my account in Euro ? and converted back again to AUD when I sell ?

garrettod · 08-03-2018 2:14am

Amber Mealy Illness wrote: »

...
DeGiro claim that the delay in hitting my account is due to anti-money laundering procedures. You'd swear I was transferring millions :rolleyes:

That's interesting, as I was told something very similar with regards to why it was taking so long to apply my funds after receipt (from an Irish bank, to an Irish broker).

Given we are existing account holders, they have our ID on file, I'd love to know what exactly they are doing (if anything)?

tod1982 · 08-03-2018 6:21pm

if I am buying a share @ say $2.70 and want to minimise losses - what type of order do I input. Say if the price is falling and I want to set it to sell @ $2.60

Also when selling if a share is at $3.00 and I want to take a profit at a minimum of $2.90 - can I set up an order so that the position I hold will be automatically sold once the share price hits $2.90

pluto_322 · 11-03-2018 1:54pm

tod1982 wrote: »

if I am buying a share @ say $2.70 and want to minimise losses - what type of order do I input. Say if the price is falling and I want to set it to sell @ $2.60

Also when selling if a share is at $3.00 and I want to take a profit at a minimum of $2.90 - can I set up an order so that the position I hold will be automatically sold once the share price hits $2.90

To minimise losses: use Sell Option; Order Type : Stop Loss and enter price [$2.60].

To take profit @ $2.90: use Sell; Order Type : Limit Order & enter price $2.90

mansoff · 12-03-2018 12:47pm

Bear in mind if the market is quiet for your stock with the stop loss, they will see your stop loss order and if they price is going to go up they will first drive the price down to sell to you at your stop loss price and then allow the price to go up. If the market is busy you have nothing to worry about as too many trades are happening simultaneously.

Roberto_gas · 14-03-2018 9:08am

Anyone has a referral code for degiro pls pm me...cheers...

Cute Hoor · 14-03-2018 9:14am

Roberto_gas wrote: »

Anyone has a referral code for degiro pls pm me...cheers...

Why do you need a referral code Roberto, and I don't see a referral code option, there is an email invitation which you can use, pm me your email address if you want me to invite you, not sure if you gain out of it.

evolving_doors · 14-03-2018 9:19am

Cute Hoor wrote: »

Why do you need a referral code Roberto, and I don't see a referral code option, there is an email invitation which you can use, pm me your email address if you want me to invite you, not sure if you gain out of it.

That email invitation bonus comes with so many t&c' s it's ridiculous

Cute Hoor · 14-03-2018 9:50am

evolving_doors wrote: »

That email invitation bonus comes with so many t&c' s it's ridiculous

Hadn't looked at it to be honest.

Roberto_gas · 14-03-2018 12:13pm

Cute Hoor wrote:

Why do you need a referral code Roberto, and I don't see a referral code option, there is an email invitation which you can use, pm me your email address if you want me to invite you, not sure if you gain out of it.

Ohh ok just read somewhere u get â‚¬20 using invite..might have been an old post...if no benefit i would avoid doing it...cheers.

Taylor365 · 01-04-2018 12:02pm

Anyone any idea whats going on here?

eggerb · 02-04-2018 10:01pm

Taylor365 wrote: »

Anyone any idea whats going on here?

I think it’s related to the following, but I stand to be corrected. They sent an email recently with the same info available on this page: https://www.degiro.ie/about-degiro/cashfunds.html

“DEGIRO is not a bank but an investment firm. In the Netherlands investment firms are not allowed to hold money of clients. Therefore, when you become a client of DEGIRO, you give a standing order to invest money in money market funds (the FundShare Cash Funds). Hence, at DEGIRO you do not hold money. For every currency available in the WebTrader, a separate money market fund is available. The objective of the money market funds is to realise a return that is equal to the market interest rate with as low a risk as possible. An additional advantage to the low risk, is that your Cash Fund participations, just like your other investments, are kept strictly separate from the assets of DEGIRO.”

Value Investor · 06-04-2018 11:59pm

Thank you for all the advice here, just signed up with DeGiro today.

Taylor365 · 19-04-2018 7:38pm

Question: What happens when you are charged an annual connection fee, but don't have any 'cash funds'?

eggerb · 20-04-2018 12:25am

Taylor365 wrote: »

Question: What happens when you are charged an annual connection fee, but don't have any 'cash funds'?

It’s only applied when you go to trade so it is calculated into the fees at trade execution.

the explorer · 23-04-2018 4:11pm

Is it straightforward to make a withdrawal of funds from Degiro? Is there a KYC like with the bookies involving passport scans etc.?

Also, would anyone know if regular deposits would be flagged in the same way as gambling when it comes to applying for a mortgage? (I know investing is not gambling, just wondering how the banks would treat it)

ct5amr2ig1nfhp · 23-04-2018 7:05pm

Yes and yes.

I cannot answer your last question but I presume not, as the banks themselves have investment products. Best ask your bank?

the explorer wrote: »

Is it straightforward to make a withdrawal of funds from Degiro? Is there a KYC like with the bookies involving passport scans etc.?

Also, would anyone know if regular deposits would be flagged in the same way as gambling when it comes to applying for a mortgage? (I know investing is not gambling, just wondering how the banks would treat it)

Underground · 23-04-2018 10:50pm

Any financial adviser worth their salt will advise you to invest a portion of your salary each month in the capital markets. It's sensible money management. There's no way they could look at regular deposits into Degiro on your bank statement in the same way they would look at Paddy Power transactions, it's chalk and cheese.

BiroDoor · 24-04-2018 6:56pm

Hi I’m thinking of putting in €200 a month but this isn’t enough to buy a share in amazon or Apple. Is it possible to buy a fraction of a share? Shame I cannot just buy a vanguard tech fund!

Also, has anyone used the current offer of €1,000 in free transaction credit? It looks like you need to buy over €10 per day for 100 days in a row to get all the cash. That seems difficult as you would have to buy shares worth €10+ each day and pay for the difference yourself?

Taylor365 · 24-04-2018 8:00pm

BiroDoor wrote: »

Hi I’m thinking of putting in €200 a month but this isn’t enough to buy a share in amazon or Apple. Is it possible to buy a fraction of a share? Shame I cannot just buy a vanguard tech fund!

Also, has anyone used the current offer of €1,000 in free transaction credit? It looks like you need to buy over €10 per day for 100 days in a row to get all the cash. That seems difficult as you would have to buy shares worth €10+ each day and pay for the difference yourself?

Just because the offer is there doesn't mean you HAVE TO take it. Degiro fess are so low anyway, its moot. I'm currently spending €0.55 a transaction.

If it were one of the other guys who charge €20-60 euro a transaction, then it would be a different kettle of fish!

Also, owning amazon and apple are stock isn't the be-all and end-all. It would take you over 7 months to buy 1 amazon share when you could buy a big diversity of shares for €1400.

Sabre Man · 26-04-2018 7:41pm

I just noticed the following financial news. It's good to know that DeGiro seems to be doing well financially.

(CercleFinance.com) - On Thursday Degiro reported that it generated Q1 revenues of some 14.27 million euros, up 49% y-o-y.

The broker also announced 290,004 customer accounts at the end of the period, up 67% relative to Q1 2017. It also recorded a total of 4,662,993 transactions as of 31 March (+30%), of which 4,597,645 were executed by private customers, up 51%.

This is the best quarter since Degiro's launch in 2013.

The return of volatility, combined with a strong focus on Blockchain technologies has led to a significant recruitment of new customers early in the first quarter, the group added, which once again reported profit over the quarter.

Finally, based on publically available information, Degiro now features in the top 3 online brokers in France in terms of transaction volumes executed.

cefh17 · 27-04-2018 9:22am

Can you do options trading? If so has anyone any experience with doing it on degiro?

The Haven · 27-04-2018 5:29pm

I've started of the €1000 promotion credit..

It pays you back at the end of month, the total amount of fees you've paid, to a limit of €10 per day.
That is my understanding.

userfriendly2 · 30-04-2018 10:26am

Guys quick question and may not be for this thread but anyway,
I have BOI paper shares and I want to digitise these and add them to my Degiro portfolio.

I am looking for a how-to guide to get this done as I haven't a clue. I'm an intermediate investor at best but as for the legalities of the system and sector i am pretty much lost, especially when it comes to paper shares.

I bought them a few years ago, paid massive fees and don't want to ever fall into that trap again. All help appreciated. Thanks in Advance.

Peace.

Captainsatnav · 23-05-2018 9:56am

Hi everyone - does anyone know why the 'Total Difference' tab on the dashboard is not actually the sum of the current positions? For example my entire portfolio is €-125.58 at the moment but 'Total Difference' reads as €3.28.

TripleAce · 23-05-2018 2:21pm

Captainsatnav wrote: »

Hi everyone - does anyone know why the 'Total Difference' tab on the dashboard is not actually the sum of the current positions? For example my entire portfolio is €-125.58 at the moment but 'Total Difference' reads as €3.28.

did you take into account the EUR CASH FUNDS?

Captainsatnav · 23-05-2018 2:25pm

TripleAce wrote: »

did you take into account the EUR CASH FUNDS?

yea that's at zero

Taylor365 · 23-05-2018 7:46pm

Captainsatnav wrote: »

Hi everyone - does anyone know why the 'Total Difference' tab on the dashboard is not actually the sum of the current positions? For example my entire portfolio is €-125.58 at the moment but 'Total Difference' reads as €3.28.

Sure it wasn't on day difference?

Sabre Man · 23-05-2018 9:19pm

I think it doesn't take into account DeGiro exchange fees. I think I asked them about it a few years ago but I can't put my finger on that e-mail.

Captainsatnav · 23-05-2018 11:11pm

Possibly not explaining it properly so screenshots attached...

cork93 · 24-05-2018 1:09am

Pretty sure total difference includes profits and losses from closed positions. Does that reconcile the difference?

AlmightyCushion · 24-05-2018 1:39am

cork93 wrote: »

Pretty sure total difference includes profits and losses from closed positions. Does that reconcile the difference?

I think it also includes any dividends earned and gains/losses from currency conversions.

Captainsatnav · 24-05-2018 8:26am

cork93 wrote: »

Pretty sure total difference includes profits and losses from closed positions. Does that reconcile the difference?

Really? Hmm roughly speaking I cashed out once only and took 90 odd Euro profit... If you subtract the red negative figures from the green positive that leaves a large negative figure. Let me get the calculator again.

paulers06 · 29-06-2018 11:18am

Has anyone managed to successfully transfer cash from BOI to Degiro via Trustly? I have tried several times over the last few months and always received an error message.

Jamie66 · 29-06-2018 11:20am

paulers06 wrote: »

Has anyone managed to successfully transfer cash from BOI to Degiro via Trustly? I have tried several times over the last few months and always received an error message.

I have, I have also received error messages if I try to send money twice within an hour.

Try again in an hour.

Skelet0n · 04-07-2018 8:45am

Does anyone know how to set a trailing stop-loss on degiro?

They have it listed in their FAQ but I haven't been able to find it.

Pussyhands · 04-07-2018 11:47pm

Stupid question but do you guys put much of your money into stocks?

I know an amount can be a lot for someone but little for someone else but just wondering...

el diablo · 05-07-2018 5:15am

What an absolute nightmare trying to get verified for this crappy site. Transferred funds and now trying to send a scan of my passport for verification. Tried on my laptop first but it won't upload the file. Then downloaded the app to my phone and the same problem- it won't upload the file or let me take a photo of my passport.

Anyone know of a solution to this? I don't see any FAQ or customer support section on their website (all I have access to is the verification page).

ct5amr2ig1nfhp · 05-07-2018 8:19am

Email it to them?

Skelet0n · 05-07-2018 8:24am

I submitted a photo, no problems.

evolving_doors · 05-07-2018 8:40am

Ya I can't remember it being a problem for me. Maybe it's the format of the photo or it might be too big!
Is it jpg or pdf?

el diablo · 05-07-2018 7:39pm

Finally got sorted after using a different browser. Thanks all.

Using DeGiro

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