Using DeGiro

heffo500 · 26-05-2020 9:38am

Deleted User wrote: »

I'm thinking of signing up on DEGIRO.

Any mutually beneficial referral code?

PM sent

26-05-2020 9:42am

heffo500 wrote: »

PM sent

Received - I'll set up with your referral... just need to read how to do it. Thanks.

Diarmuid · 26-05-2020 2:21pm

I'm guessing I'm not the only one who got this.l No Vanguard ETFs on the list ,so getting taxed at the full whack on the dividends I guess?

We would like to inform you about changes that have been made to our policy for withholding lowered tax treaty rates (‘relief at source’) on US income (e.g. dividend).

As of 30-06-2020, we will only apply lowered tax treaty rates on income on a selected list of US products. These changes have been made due to the regulatory and operational setup that is required in order to provide relief at source on US income. For US products available through our platform, but not on this list, the statutory tax rate will be applied.

Taylor365 · 26-05-2020 4:10pm

Diarmuid wrote: »

I'm guessing I'm not the only one who got this.l No Vanguard ETFs on the list ,so getting taxed at the full whack on the dividends I guess?

It only mentions individual stocks.

Why do this?

Does it matter?

Bob24 · 26-05-2020 4:42pm

Diarmuid wrote: »

I'm guessing I'm not the only one who got this.l No Vanguard ETFs on the list ,so getting taxed at the full whack on the dividends I guess?

I’d say most ETFs people are getting on degiro are based in Ireland or Luxembourg.

Just had a look at their commission free ETFs and not a single one is based in the US: https://www.degiro.ie/data/pdf/ie/commission-free-etfs-list.pdf

Taylor365 · 26-05-2020 4:52pm

Bob24 wrote: »

I’d say most ETFs people are getting on degiro are based in Ireland or Luxembourg.

Just had a look at their commission free ETFs and not a single one is based in the US: https://www.degiro.ie/data/pdf/ie/commission-free-etfs-list.pdf

You can't buy US etfs anymore in EU, but some of us still hold them from years ago.

Mav11 · 26-05-2020 5:28pm

Deleted User wrote: »

Received - I'll set up with your referral... just need to read how to do it. Thanks.

I believe that there is a bit of a delay in registering new accounts due to covid!!

26-05-2020 7:43pm

Mav11 wrote: »

I believe that there is a bit of a delay in registering new accounts due to covid!!

I'm currently 8037 in the queue :eek: Davy said it would take 6 days to set up an account.

Diarmuid · 26-05-2020 8:53pm

Taylor365 wrote: »

You can't buy US etfs anymore in EU, but some of us still hold them from years ago.

Exactly.

Mav11 · 26-05-2020 9:17pm

Deleted User wrote: »

I'm currently 8037 in the queue :eek: Davy said it would take 6 days to set up an account.

Bit of a thread going on Reddit about it:D

Bob24 · 26-05-2020 9:18pm

Taylor365 wrote: »

You can't buy US etfs anymore in EU, but some of us still hold them from years ago.

I was more thinking of it from Degiro’s perspective.

It is costing them time and money to hold those products and particularly to do the paperwork for the dividend tax reduction. But on the other hand they are making very little money with them as they are not available for purchase on the platform (i.e. they are only getting a little bit of transaction fees when people are selling - and I expect there are very few sales as people want to keep some those ETFs as they don’t trigger Ireland’s stupid “deemed disposal” tax rule).

So while I definitely get this would be annoying for people holding these ETFs, I can also see the rational for which they’d rather stop doing the paperwork.

Taylor365 · 27-05-2020 2:18pm

Bob24 wrote: »

I was more thinking of it from Degiro’s perspective.

It is costing them time and money to hold those products and particularly to do the paperwork for the dividend tax reduction. But on the other hand they are making very little money with them as they are not available for purchase on the platform (i.e. they are only getting a little bit of transaction fees when people are selling - and I expect there are very few sales as people want to keep some those ETFs as they don’t trigger Ireland’s stupid “deemed disposal” tax rule).

So while I definitely get this would be annoying for people holding these ETFs, I can also see the rational for which they’d rather stop doing the paperwork.

I agree on US ETFS, but that doesn't explain why they are not doing the dividend taxation for indivdual US stocks. RTX isn't on their list and its in the S&P500.

heffo500 · 27-05-2020 2:26pm

I recently had a stock split on one of my positions.

I am concerned though how my P&L is displayed for this position; I think it is incorrect the way it is currently stated.

Degiro seemed to have processed the stock split via buy and sell transaction. This has now skewed the P&L as the P&L is only showing the P&L as if I bought the position on the day the split was effective.

I think the P&L should have carried over regardless of the split.

Has anyone had a stock split on a different platform is so could you share how it is dealt with?

Taylor365 · 27-05-2020 2:34pm

heffo500 wrote: »

I recently had a stock split on one of my positions.

I am concerned though how my P&L is displayed for this position; I think it is incorrect the way it is currently stated.

Degiro seemed to have processed the stock split via buy and sell transaction. This has now skewed the P&L as the P&L is only showing the P&L as if I bought the position on the day the split was effective.

I think the P&L should have carried over regardless of the split.

Has anyone had a stock split on a different platform is so could you share how it is dealt with?

Yes. Old position is gone. Check for a tab with Sold or old positions on your portfolio.

But, how could you forget mentally? I still have the old PL ingrained in my head! Damn you ACB!

heffo500 · 27-05-2020 2:36pm

Taylor365 wrote: »

Yes. Old position is gone. Check for a tab with Sold or old positions on your portfolio.

But, how could you forget mentally? I still have the old PL ingrained in my head! Damn you ACB!

Why should the P&L be crystallized though? I haven't closed the position.

Bob24 · 27-05-2020 2:43pm

Taylor365 wrote: »

I agree on US ETFS, but that doesn't explain why they are not doing the dividend taxation for indivdual US stocks. RTX isn't on their list and its in the S&P500.

Just me speculating, but this looks like they are cutting some corners to save money, and they possibly picked what is on the list based on the ratio of how much money them make on fees with a stock vs how much it costs them to do the paperwork for the same stock.

Taylor365 · 27-05-2020 5:29pm

heffo500 wrote: »

Why should the P&L be crystallized though? I haven't closed the position.

They have.

Maybe it's done different on other platforms but Degiro treats it as a sell and buy.

PHG · 29-05-2020 10:38pm

Am I the only one who doesn't find DeGiro user friendly?

Used to use IG when was in the UK and layout and charts were a lot better.

Scottie99 · 30-05-2020 7:27am

Is anyone having issues signing in?
Keeps saying incorrect code

conor_mc · 30-05-2020 7:29am

Scottie99 wrote: »

Is anyone having issues signing in?
Keeps saying incorrect code

All good here.

30-05-2020 7:30am

I've gone from 8037 on the sign up waiting list to 6277 blooming heck.

Das Reich · 30-05-2020 9:46am

Scottie99 wrote: »

Is anyone having issues signing in?
Keeps saying incorrect code

Yes me too both on the app and on the browser.

EDIT: I try now few hours later and its working again.

Scottie99 · 30-05-2020 12:48pm

conor_mc wrote: »

All good here.

It's up and running. I was slightly worried for a second..

Kilboor · 30-05-2020 1:45pm

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

Alibaba trade on the NYSE too but you can invest in the Hong Kong listing too if you want via Degiro.

bfa1509 · 01-06-2020 11:00pm

How does degiro work when a company issues more shares to raise more capital in the form of a rights issue?

portcrap · 02-06-2020 8:08pm

This is really annoying me and I was hoping one of ye have figured it out. Is it possible to sell a nyse share holding but not have the proceeds converted to euro automatically on Degiro? Thinking of times where the euro is stronger than dollar and it may be better to hold out before a conversion. Thanks for any insight

Shedite27 · 02-06-2020 8:11pm

portcrap wrote: »

This is really annoying me and I was hoping one of ye have figured it out. Is it possible to sell a nyse share holding but not have the proceeds converted to euro automatically on Degiro? Thinking of times where the euro is stronger than dollar and it may be better to hold out before a conversion. Thanks for any insight

I've never used it, but there's a setting to do exchanges manually rather than automatic. Not sure if that's what you're looking for. Bottom left on the desktop, Settings -> Currency Handling

Currency handling
Every currency exchange is executed with AutoFX as standard. AutoFX will convert the exact amount of EUR into foreign currency at the time of execution. You can also conduct your own currency conversion manually and then decide for yourself exactly when and how much money you would like to exchange. Depending on the Order you gave for your local currency, you give DEGIRO a standing Order to invest your residual balance:
of USD or GBP into Morgan Stanley Liquidity Funds or the FundShare Cash Funds.
of other “Manual” currencies into the corresponding FundShare Cash Funds.
For pricing information, see the Fee Schedule. More information about the Money Market Funds can be found here.

portcrap · 03-06-2020 9:10am

Shedite27 wrote: »

I've never used it, but there's a setting to do exchanges manually rather than automatic. Not sure if that's what you're looking for. Bottom left on the desktop, Settings -> Currency Handling

Thanks for this. I'll check it out.

Hibrasil · 03-06-2020 8:41pm

portcrap wrote: »

Thanks for this. I'll check it out.

If memory serves me correctly - manual currency conversion can be more expensive! Could be wrong but don't think I am.

Currency exchange by AutoFx Trader is at 0.10% while processing via Manual Trade cost is €10 + 0.02% - processed at time of execution.
You can do the Mats on whether there is a limit at which the manual trade becomes better value.

Extract from DeGiro Portfolio Risk Handbook
2.1.2 Cash balance
The cash balance shows the balances of all cash accounts in pounds sterling. If you hold a cash
balance in a foreign currency, this will be expressed in pounds sterling and settled with the other
cash balances

That probably very much depends on the type of account you operate - i.e. a Trader Account I would think.

ShareShare · 04-06-2020 6:26am

I have very different value on my portfolio on the mobile app V the website.

The mobile app, everyday i am down nearly 250 even as the markets are starting. The website shows me starting from near 0 just as the markets are starting. The Mobile app is down more through out the day.
When i view portfolio tab, the unrealized profits on every share is different on the app compared to the desktop. Does anyone else get this issue?

Shedite27 · 04-06-2020 6:41am

ShareShare wrote: »

I have very different value on my portfolio on the mobile app V the website.

The mobile app, everyday i am down nearly 250 even as the markets are starting. The website shows me starting from near 0 just as the markets are starting. The Mobile app is down more through out the day.
When i view portfolio tab, the unrealized profits on every share is different on the app compared to the desktop. Does anyone else get this issue?

There's 2 options to see profits, when you click on them it flicks between total and daily profits. Not sure if that's affecting this.

DeGiro does some strange things on their Daily Gains values, if you setup your portfolio on Yahoo or Wallmine they will be in sync, but Degiro will be out. They seem to take different starting points for their Daily Gain, I'e tried taking screenshots to figure out where the difference is, but have never cracked it.

DeGiro also struggles with afterhours trading. For some reason it does change your portfolio value, but never reflects what is actually going on outside trading hours. I've seen mornings where Degiro tells me I'm €100 down, but the futures on Yahoo will (correctly) tell me I'm €100 up.

It's frustrating if you're watching things closely.

ShareShare · 04-06-2020 6:59am

Yes very frustrating. I am now down 250ish euro on open.. yet ive only 3 euro stocks as it add ups to about 15 euros. The rest of the 'down' stocks are all US which obviously hasnt started. It's like this everyday. Often it can look like a red day, but if i check my totals at the end of the day, i am up significantly sometimes.

I'm wondering if that 'base' down amount is actually currency losses so, 0% changes in stock still result in a daily loss due to currency. This daily loss seems to be rolling each day like its fresh.

Shedite27 · 04-06-2020 8:14am

ShareShare wrote: »

Yes very frustrating. I am now down 250ish euro on open.. yet ive only 3 euro stocks as it add ups to about 15 euros. The rest of the 'down' stocks are all US which obviously hasnt started. It's like this everyday. Often it can look like a red day, but if i check my totals at the end of the day, i am up significantly sometimes.

I'm wondering if that 'base' down amount is actually currency losses so, 0% changes in stock still result in a daily loss due to currency. This daily loss seems to be rolling each day like its fresh.

Shouldn't be that much. My own theory is
1. Degiro can't handle afterhours correctly, so it's fine until 9pm every night (say you're up €100 at 9pm), then goes a bit weird during the night (so might be down €50 by 3am).
2. Degiro then tracks the "daily gain" from this completely wrong number so is always out of sync with other systems. The number in your Portfolio/Balance is correct at 5/6/9pm, but the gain/loss is a bit off I find.

Take a few screenshots during the day and track what you think you're up/down V what Degiro tells you and you'll see the difference.

ShareShare · 04-06-2020 11:19am

Shedite27 wrote: »

Shouldn't be that much. My own theory is
1. Degiro can't handle afterhours correctly, so it's fine until 9pm every night (say you're up €100 at 9pm), then goes a bit weird during the night (so might be down €50 by 3am).
2. Degiro then tracks the "daily gain" from this completely wrong number so is always out of sync with other systems. The number in your Portfolio/Balance is correct at 5/6/9pm, but the gain/loss is a bit off I find.

Take a few screenshots during the day and track what you think you're up/down V what Degiro tells you and you'll see the difference.

Useful info. thanks for taking the time to write.
Today was particularly unusual in that I went to bed 'down' last night UTC 10pm in daily total. Then woke up significant up in overall total but still down 250 in daily
Today before market open, i was down 250 still on mobile, but nearly 0 on desktop website.
Soon as market opened i was down on desktop by 250ish even though my 3 euro stocks were up.

It's a 34k portfolio so maybe the stuff you listed + currency fluctuations total up. Its super weird desktop and mobile display different.

Shedite27 · 04-06-2020 12:45pm

ShareShare wrote: »

Useful info. thanks for taking the time to write.
Today was particularly unusual in that I went to bed 'down' last night UTC 10pm in daily total. Then woke up significant up in overall total but still down 250 in daily
Today before market open, i was down 250 still on mobile, but nearly 0 on desktop website.
Soon as market opened i was down on desktop by 250ish even though my 3 euro stocks were up.

It's a 34k portfolio so maybe the stuff you listed + currency fluctuations total up. Its super weird desktop and mobile display different.

Well €250 over 34k is less than 1% so could be a margin of error, I'd say if the desktop/app is different it might be something in your laptop browser settings. Maybe move to Google Chome/Firefox whatever.

They reset the Daily Gain at 11pm Irish time each night

ganmo · 04-06-2020 9:02pm

Question for ye about dividends on degiro. How long does it take for them to credit accounts with dividends?
I was expecting them to credit my account with the fbd dividend but it hasn't shown up.

ganmo · 04-06-2020 9:02pm

Question for ye about dividends on degiro. How long does it take for them to credit accounts with dividends?
I was expecting them to credit my account with the fbd dividend but it hasn't shown up.

sk8board · 07-06-2020 9:42pm

Shedite27 wrote: »

Well €250 over 34k is less than 1% so could be a margin of error, I'd say if the desktop/app is different it might be something in your laptop browser settings. Maybe move to Google Chome/Firefox whatever.

They reset the Daily Gain at 11pm Irish time each night

This may be related - are you on WiFi or 4G when the App prices don’t match?
my app struggles to update the live pricing on 4G unless I leave it open on Portfolio for a few mins, versus an instant update on WiFi. They suggested I toggle on/off the 4G data option on my phone and TBH it seems to be quicker now, but still takes some waiting.

Also, if you click into each holding you can see near the bottom the precise time that the last live price was taken. Check if the app time is different.

howiya · 07-06-2020 10:27pm

ganmo wrote: »

Question for ye about dividends on degiro. How long does it take for them to credit accounts with dividends?
I was expecting them to credit my account with the fbd dividend but it hasn't shown up.

What was the payment date? I can't see FBD going ex div since last year so that may be the problem rather than it being specific to degiro

droimlis · 10-06-2020 8:32am

Anyone any experience with their stock delisting on degiro and the process of getting their shares transferred to a broker which facilitates OTC? I've a small holding in luckin coffee where it is very possible it gets delisted from the nasdaq.

tedwardoconnor · 10-06-2020 12:17pm

droimlis wrote: »

Anyone any experience with their stock delisting on degiro and the process of getting their shares transferred to a broker which facilitates OTC? I've a small holding in luckin coffee where it is very possible it gets delisted from the nasdaq.

Would also be interested in hearing more about this. I was on to Davy earlier today, they said they support some OTC stocks through a 3rd party in the US (she said BONY, which I'm assuming is BNY Mellon), but they wouldn't know until the stock becomes listed on the OTCBB. I'm investing in a company that is soon to be OTCBB listed, and will need somewhere other than my Degiro account to deposit the shares, so if anyone has any suggestions, I'd love to hear them!

FrankGrimes · 11-06-2020 10:30pm

Shedite27 wrote: »

Shouldn't be that much. My own theory is
1. Degiro can't handle afterhours correctly, so it's fine until 9pm every night (say you're up €100 at 9pm), then goes a bit weird during the night (so might be down €50 by 3am).
2. Degiro then tracks the "daily gain" from this completely wrong number so is always out of sync with other systems. The number in your Portfolio/Balance is correct at 5/6/9pm, but the gain/loss is a bit off I find.

Take a few screenshots during the day and track what you think you're up/down V what Degiro tells you and you'll see the difference.

Looks like I'm encountering this weird behaviour. Trying to submit some stop loss sells and some limit buys, ETFs and a couple of US stocks. I first got an error saying trading unavailable until 23:10, then get "There has been a delay in sending your order. If your order does not go through please contact the Service Desk. For certain exchanges, including but not limited to LSE AIM segments, please allow additional time before placing your order again.
".

Anyone encountered this and know if the order tends to go through or not?

And now it's just logged me out and won't let me log back in. May be high volumes with the day that's in it a lot of people getting their plan for tomorrow in place?

Is the lack of US ETFs a particular restriction to DeGiro or common across most trading platforms for users based in Ireland? Haven't been overly impressed with DeGiro's interface or the seemingly frequent errors encountered, so if others have better ETF options, might be the factor that'd cause me to look at other platforms. E.g. searching for Gold in the top search bar shows I think one EFT based in Switzerland. Going to the Products-ETF page and searching for Gold there brings up 2 pages of ETF options, most seem to be producer/miner options rather than gold-linked, but that seems a quirky difference in search bar behaviour, which would make you wonder.

Shedite27 · 12-06-2020 6:20am

Irish people can't invest in US domiciled ETF's since 2018

Fol20 · 12-06-2020 6:55pm

droimlis wrote: »

Anyone any experience with their stock delisting on degiro and the process of getting their shares transferred to a broker which facilitates OTC? I've a small holding in luckin coffee where it is very possible it gets delisted from the nasdaq.

I have latam shares that were delisted this week so would also like to know how others have sold these.

Taylor365 · 12-06-2020 9:25pm

In regards to removal of a ton of stocks applying tax relief in US:

Thank you for your email.

This is an internal decision that has been taken by DEGIRO due to the current complexity of processing US Relief at Source. This is additionally to ensure continued provision of US tax treaty in the long-term.

Please find the list of the products that will continue to be in the scope here. I cannot reply to the exact reason why US75513E1010 is not on the list.

In general, this includes many of the most frequently traded US stocks, however, there may be other factors that determine as well. This list contains over 2,000 US products.

Please contact us again if you have any further queries.

Kind regards,

Cornelia

Strange. Cost cutting measures are never a good sign.

Shedite27 · 21-06-2020 12:04pm

Is it possible to buy US Options on Degiro?

The FAQ here says it is

Can I trade in American options with DEGIRO?
Yes US options are now available. Please refer to the Products & Markets page on our website for all option markets currently available.

but following the link from the FAQ only directs me to Options on where the market index will be, rahter than otpions on individual companies

Hibrasil · 21-06-2020 12:21pm

Orders are routed though one of DeGiros prime brokers in the case of the NASDAQ, NYSE, NYSE MKT (AMEX), NYSE Arca the Routing is through Morgan Stanley I believe

pluto_322 · 21-06-2020 1:01pm

Shedite27 wrote: »

Is it possible to buy US Options on Degiro?

The FAQ here says it is

but following the link from the FAQ only directs me to Options on where the market index will be, rahter than otpions on individual companies

This has been my experience as well; options trading not available on individual US stocks

Hibrasil · 23-06-2020 10:28am

pluto_322 wrote: »

This has been my experience as well; options trading not available on individual US stocks

Reply to email to DeGiro on options trading:-

Thank you for your email.

It is not possible to trade US equity options on our platform. We do however, have US index options.

Kind regards,

Joshua Rees

UK and Ireland Service Desk

Fol20 · 24-06-2020 10:26am

droimlis wrote: »

Anyone any experience with their stock delisting on degiro and the process of getting their shares transferred to a broker which facilitates OTC? I've a small holding in luckin coffee where it is very possible it gets delisted from the nasdaq.

Just as an FYI, its fairly straight forward to do, one thing to be mindful of is that they told me they will not trade if the share price is below 1e.

""
If you would like to place an order to close your position in Latam Airlines please send an email order to orders@degiro.eu containing all of the following:

Username of your DEGIRO account
Product (Option serie or ISIN number)
Buy/Sell/Modify/Cancel
Number of securities
Price at which the order must be sent to market (limit price)
Day order
Exchange to place order
We hope this email has informed you sufficiently.

"""
I did the above and it was sold within 30mins.

Using DeGiro

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