Using DeGiro

Live at Three · 15-09-2018 11:53pm

gavmcg92 wrote: »

Do you mean daily difference vs total difference? Daily is how you did during market hours for that day whereas total is how you have done over the lifetime of your account.

I know the difference between the two. My issue is that total difference tells me Ive more money than I had yesterday while the daily difference tells me I've lost money.

gavmcg92 · 16-09-2018 5:27pm

Live at Three wrote: »

I know the difference between the two. My issue is that total difference tells me Ive more money than I had yesterday while the daily difference tells me I've lost money.

So you mean your total difference was +10 yesterday for example and your daily difference today is -7 but total difference today is +5 for example and not +3?

That all comes down to the fact that your shares are more than likely in USD and your reporting from Degiro is in euro and so is taking into consideration exchange. Don't get too caught up on Degiro's reporting. The only thing that is important is the USD value of your shares until it comes time to sell. That's when you also need to keep an eye on the exchange rate.

Degiro's reporting is a little whacky at the best of times. Just use a different USD based stock portfolio tracking app if you want to keep an eye on performance and then a currency app to keep an eye on USD/EUR charts.

Live at Three · 16-09-2018 6:48pm

gavmcg92 wrote: »

So you mean your total difference was +10 yesterday for example and your daily difference today is -7 but total difference today is +5 for example and not +3?

That all comes down to the fact that your shares are more than likely in USD and your reporting from Degiro is in euro and so is taking into consideration exchange. Don't get too caught up on Degiro's reporting. The only thing that is important is the USD value of your shares until it comes time to sell. That's when you also need to keep an eye on the exchange rate.

Degiro's reporting is a little whacky at the best of times. Just use a different USD based stock portfolio tracking app if you want to keep an eye on performance and then a currency app to keep an eye on USD/EUR charts.

Yes, that's exactly what's happening.

I get that the exchange changes the value, but why is this not reflected in both differences, seeing as they're all quoted in Euros?

The total difference is the one I look at and I almost always disregard the daily difference. As you say, it's a little whacky. If I am curious about a stock I check it elsewhere on line to get a better understanding.
Thanks for reply.

JourneyMan8 · 18-09-2018 5:27pm

does degiro trade penny stocks or does anyone irish/european based do so?

Skelet0n · 18-09-2018 6:48pm

JourneyMan8 wrote: »

does degiro trade penny stocks or does anyone irish/european based do so?

Yes. It does.

ANXIOUS · 18-09-2018 8:54pm

Skelet0n wrote: »

Yes. It does.

Have you any tickers? I can't seem to find them.

dickface · 18-09-2018 9:02pm

ANXIOUS wrote: »

Have you any tickers? I can't seem to find them.

how penny are you talking? this has a market cap of 32 M and can be found : DGLY

Skelet0n · 18-09-2018 9:04pm

ANXIOUS wrote: »

Have you any tickers? I can't seem to find them.

There's loads. A penny stock is usually anything under $5.

Bob Harris · 21-09-2018 11:36am

Is there a feature on DeGiro that summarises you're position and buy/sell history on a particular share?

I know if you hold a share that you've bought and sold previously the overall position will take into account all previous gains/losses and you can print out transactions but wondering is there anything else?

gavmcg92 · 22-09-2018 11:43pm

Bob Harris wrote: »

Is there a feature on DeGiro that summarises you're position and buy/sell history on a particular share?

I know if you hold a share that you've bought and sold previously the overall position will take into account all previous gains/losses and you can print out transactions but wondering is there anything else?

If you go into your transactions, you can filter by the name of the stock and the date range for either buy or sell.

Bob Harris · 26-09-2018 12:35pm

gavmcg92 wrote: »

If you go into your transactions, you can filter by the name of the stock and the date range for either buy or sell.

Not ideal but it will do, thanks for the suggestion.

greenfield21 · 01-10-2018 5:47pm

You can't transfer with the aib app anymore as it is not an Irish account?

dickface · 01-10-2018 7:37pm

greenfield21 wrote: »

You can't transfer with the aib app anymore as it is not an Irish account?

Seems so, i have switched to online website.

PlanBee · 11-11-2018 7:47pm

Hi all,

I am a newbie here and as I see almost all comments about DeGiro are positive. I am intending to open an account,
convert my euro fund into dollars and trade growing stocks as a medium term trader.

Are there any issues might be there please ?

Regards

gavmcg92 · 12-11-2018 12:45am

PlanBee wrote: »

Hi all,

I am a newbie here and as I see almost all comments about DeGiro are positive. I am intending to open an account,
convert my euro fund into dollars and trade growing stocks as a medium term trader.

Are there any issues might be there please ?

Regards

Conversion is done automatically during the trade.

No issues at the moment. Other than the well documented issue of no more US domiciled ETFs on the platform but that is not isolated to just Degiro and not their fault.

PlanBee · 12-11-2018 8:04am

Thank you gavmcg,

That encourages me to go forward.
To convert the fund into dollars I meant to trade on NASDAQ and NYCE in dollars currency.
Any advice please where can I see growing stocks, the most volatile, dividends stocks, fundamentally strong and so on.

Kind regards

hibby · 17-11-2018 10:44pm

I am building up a share portfolio with Degiro. I intend to buy and hold, so I am concerned about the long-term.

When I buy company shares through Degiro, do I really own them? Am I the registered owner in that company's register of shareholders? Or does Degiro own them "on my behalf"?

What I am concerned about is what happens if / when in years to come Degiro gets into difficulty and the receivers are called in. Am I the happy owner of the shares that I've bought, or am I standing in a long line of unhappy creditors?

A second question: can I buy US Treasury bonds (with the intention of holding them and receiving the coupon income over a period of years)? Or is my only option to buy into a US Treasury ETF, which carries additional counterparty risk?

cefh17 · 19-11-2018 8:50pm

Is anyone's daily % difference looking off for individual shares? Micro focus for example started ~1464gbx and ended on 1470 but it's showing a 4%ish increase when I think it should be 0.4?

gavmcg92 · 20-11-2018 11:30pm

hibby wrote: »

I am building up a share portfolio with Degiro. I intend to buy and hold, so I am concerned about the long-term.

When I buy company shares through Degiro, do I really own them? Am I the registered owner in that company's register of shareholders? Or does Degiro own them "on my behalf"?

What I am concerned about is what happens if / when in years to come Degiro gets into difficulty and the receivers are called in. Am I the happy owner of the shares that I've bought, or am I standing in a long line of unhappy creditors?

A second question: can I buy US Treasury bonds (with the intention of holding them and receiving the coupon income over a period of years)? Or is my only option to buy into a US Treasury ETF, which carries additional counterparty risk?

Take a look at the client agreement. Your points above are addressed in that.

https://www.degiro.ie/data/pdf/ie/Client_Agreement_Investment_Services_Terms_and_Conditions.pdf

Degiro holds shares in a separate SPV and so if Degiro gets into trouble, the assets should be safe as it is effectively a separate company that holds the assets. Obviously if you have the cheaper non custody account, there is a little more risk as your assets are used for shorting.

hibby · 24-11-2018 9:30pm

Thanks, that's moderately reassuring. I am still unclear about whether the registered owner of the stock is me or the SPV (Stichting Degiro). For example, I bought shares in Volkswagen through Degiro. Does Volkswagen's registrar know I own the shares?

ygolometsipe · 01-12-2018 5:16pm

I was wondering the same as gavmcg92

I was looking for Security Reference Number / Holding Information Number
SRN/HIN

I understand Degiro use a Special Purpose vehicle (SPV) to hold financial information in the case of bankruptcy.

But does that mean I am not the legal owner of a security?
I cannot get a certificate of share holder ownership?

ygolometsipe · 01-12-2018 5:22pm

I think this is the relevant clause.

6.4 Delivery of Securities
Other than in relation to Units, DEGIRO does not offer Client the possibility to obtain registered or bearer shares via
DEGIRO directly in the issuing institute concerned.

Not sure how this works with respect to Relevant Foreign Resident Declaration
for share holding.

learning is fun :O

ygolometsipe · 01-12-2018 6:12pm

Anyone know what product categories reflect

A B C D ? is it Degiro's mesure of risk?

Thanks

Sabre Man · 01-12-2018 7:28pm

ygolometsipe wrote: »

Anyone know what product categories reflect

A B C D ? is it Degiro's mesure of risk?

Thanks

Different share classes with different voting rights.

Here's an article with a few examples:
https://www.cnbc.com/2018/03/20/shareholders-wont-force-zuckerbergs-hand-in-facebook-management.html

ygolometsipe · 01-12-2018 9:25pm

Sabre Man wrote: »

Different share classes with different voting rights.

Here's an article with a few examples:
https://www.cnbc.com/2018/03/20/shareholders-wont-force-zuckerbergs-hand-in-facebook-management.html

I thought that might be it. I tried using the search tool and
I seem to only find some stocks in type B and others only in type D
while some are in type A.

Does that mean for example AMD only have a public type C stock and
A and B are not public or is Degiro not offering them.

Thanks

Sabre Man · 01-12-2018 10:16pm

ygolometsipe wrote: »

I thought that might be it. I tried using the search tool and
I seem to only find some stocks in type B and others only in type D
while some are in type A.

Does that mean for example AMD only have a public type C stock and
A and B are not public or is Degiro not offering them.

Thanks

That is my understanding.

Live at Three · 21-12-2018 9:49pm

My last 2 lodgements to degiro have failed and returned back into my bank account. Anyone else experienced this? I have changed no details and the funds are available.

Taylor365 · 21-12-2018 10:15pm

Live at Three wrote: »

My last 2 lodgements to degiro have failed and returned back into my bank account. Anyone else experienced this? I have changed no details and the funds are available.

They changed their account a few months ago, if you missed that.

Live at Three · 21-12-2018 10:44pm

Taylor365 wrote: »

They changed their account a few months ago, if you missed that.

Cheers I didn't know that, I've changed it now.

Pussyhands · 18-01-2019 6:27pm

Dividend tax on Degiro. Does this have to be paid? Wouldn't I be paying twice if I'm then taxed on Irish income?

Taylor365 · 18-01-2019 8:22pm

Pussyhands wrote: »

Dividend tax on Degiro. Does this have to be paid? Wouldn't I be paying twice if I'm then taxed on Irish income?

Yes.

ionapaul · 25-01-2019 9:58am

Apologies if this has been asked and answered before, can't find it after searching:

I own 50 shares in a particular equity via my Degiro account. I'd like to sell. My attempts to get a sell order accepted are unsuccessful as I keep being told 'Size (50) is not a multiple of lot size (100)'.

Any idea how to get around this? Do I need to phone them to manually put the sell order through?

UsBus · 25-01-2019 10:51am

Taylor365 wrote: »

They changed their account a few months ago, if you missed that.

I've just got caught out with this as well. Transferred to degiro using a payee I had set up on my online banking. Saw their IBAN info had changed so set it up again.

I sent the new transfer 2 days ago. They emailed me confirming receipt of funds but wanted proof of my name and bank account before they would credit the funds to my account. Once I sent the info, they acknowledged receipt saying the funds would be credited in. 1-2 working days. It's very dragged out. Has anyone used Trustly on the degiro platform..? It says instant transactions, but when I went into it, it looked for banking username and password. Wasn't too sure about it but would like the option of a quicker transaction..

MarioLuigi · 25-01-2019 11:45am

in DeGiro, say for example I set up an account, lodge $10k, execute a trade and make a profit of $1k. Does the $11k sit on the account and you're able to trade again straight away, or do you have to withdraw funds into your bank account?

Wheety · 25-01-2019 11:58am

MarioLuigi wrote: »

in DeGiro, say for example I set up an account, lodge $10k, execute a trade and make a profit of $1k. Does the $11k sit on the account and you're able to trade again straight away, or do you have to withdraw funds into your bank account?

It stays in your account and you can trade straight away.

Edit: Just to clarify and apologies if this is obvious. But you'd need to sell the shares again after the value has gone up to realise your profits but then the money would be in your Degiro cash account to withdraw or reinvest.

PlanBee · 27-01-2019 12:13pm

MarioLuigi wrote: »

in DeGiro, say for example I set up an account, lodge $10k, execute a trade and make a profit of $1k. Does the $11k sit on the account and you're able to trade again straight away, or do you have to withdraw funds into your bank account?

Hi All,

I have a question related reporting to Revenue in case if you have got a profit for the financial year. Saying, the initial deposit at the beginning of the year was $2000,
during the year you made some profit $ 500 and total deposit became $2500. Then you made withdrawal $500 to you bank account via DeGiro.
Does Revenue count the $500 as a taxable income ?

Thanks

Geuze · 27-01-2019 5:33pm

That is a capital gain, not income.

Income is regular.

Income is wages, rents, interest, profits, dividends.

Capital gains are subject to CGT.

In Ireland, the annual CGT-free allowance is 1,270.

Geuze · 27-01-2019 5:34pm

Note that it is not relevant where the gain is held, or what you do with it.

Supercell · 28-01-2019 7:33pm

Is it possible to turn off margin trading? I changed my account to active without really understanding all the consequences. I'd rather just trade with money i have . There doesn't seem to be any option to do this or to revert to a "basic" account. Is it possible to turn off margin trading only or do i have to reach out to support and ask them to revert my account back to basic?

Sabre Man · 29-01-2019 6:11pm

Supercell wrote: »

Is it possible to turn off margin trading? I changed my account to active without really understanding all the consequences. I'd rather just trade with money i have . There doesn't seem to be any option to do this or to revert to a "basic" account. Is it possible to turn off margin trading only or do i have to reach out to support and ask them to revert my account back to basic?

Can't you just place orders within your available to trade amount to avoid borrowing money?

Supercell · 30-01-2019 7:53am

Sabre Man wrote: »

Can't you just place orders within your available to trade amount to avoid borrowing money?

Doesnt work like that, available to trade includes the credit line - so as my other stocks change value when the market is open its confusing to figure out what is my money and what is being offered as credit. I called customer care and they said it should be possible to change it back but to email the request instead, no reply yet.

AlmightyCushion · 30-01-2019 11:01am

Supercell wrote: »

Doesnt work like that, available to trade includes the credit line - so as my other stocks change value when the market is open its confusing to figure out what is my money and what is being offered as credit. I called customer care and they said it should be possible to change it back but to email the request instead, no reply yet.

Could you go with the amount that is in you EUR MONEY MARKET FUNDS? That should show you your cash in Degiro.

gavmcg92 · 01-02-2019 11:17pm

Pussyhands wrote: »

Dividend tax on Degiro. Does this have to be paid? Wouldn't I be paying twice if I'm then taxed on Irish income?

Where are the shares domiciled? If it is a country with a double taxation agreement with Ireland then the tax that is being deducted is a dividend withholding tax that is assumed to have been already paid when you declare your dividend to revenue.

The tax deducted isn't paid to Revenue. It is paid to the country where the shares are domiciled. So in short. Yes it definitely has to be taken.

Supercell · 23-02-2019 11:21am

Has anyone changed bank accounts with Degiro?, looks like you have to contact customer care for that - any idea on the turnaround for that?
I'm moving from Ulsterbank to N26 so want to fund from them instead and close my Ulsterbank account.
My experience with Degiro support tells me that this is likely to be painful and slow and may just be easier to open another account? Any advice?

q85dw7osi4lebg · 23-02-2019 2:40pm

Supercell wrote: »

Has anyone changed bank accounts with Degiro?, looks like you have to contact customer care for that - any idea on the turnaround for that?
I'm moving from Ulsterbank to N26 so want to fund from them instead and close my Ulsterbank account.
My experience with Degiro support tells me that this is likely to be painful and slow and may just be easier to open another account? Any advice?

I fund it from two different accounts. I accidentally made the transfer from the wrong account and they contacted me asking if I wanted to add it as an additional account, only took a day or two.

Supercell · 23-02-2019 3:05pm

Awesome, thanks heavens for that, thanks InstaSte!
If you wanted to withdraw you presumably have two choices or there is a primary one you have to use?

CardinalJ · 26-02-2019 4:00pm

Does anyone know how long it takes for Degiro to verify your account details?

320d · 02-03-2019 11:50am

Anyone else having issues logging onto DEGIRO today?

scooby77 · 02-03-2019 4:40pm

320d wrote: »

Anyone else having issues logging onto DEGIRO today?

Yep not recognising passcode or passwords. Thought be fixed by now!

Supercell · 02-03-2019 6:25pm

Working fine here all day for my account and my account in my wife's name

Using DeGiro

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