Using DeGiro

Anyone have an online broker that trades OTC shares?

Anyone have an online broker that trades OTC shares?

kegblag

Nemeses2050 wrote: »

How long is it taking for money to reach your Degiro/Flatex account? previously it took few hours

Thanks for the replies.

I've not tried from BOI ->DeGiro for a few months, it was sometimes one day and sometimes two days. I was wondering if BOI batched some transfers up and sent them out every couple days. (I'd always send early enough in the morning so it shouldn't be due to a 1 or 2pm cutoff.) I was getting annoyed and was about to switch to maybe AIB or KBC when N26 showed up as a simpler option.

However unlike BOI->DeGiro BOI -> N26 has always been reliably next working day. I've come to trust that - usually get an N26 notification around 8am the following day.

I may switch back from N26 to BOI as primary and send a test euro on Monday morning and see how long it takes, but the 3 primary switches a year limit might mean I delay that test.

Annoying as well that funding DeGiro was my main use for the N26 account.

Nemeses2050

Shedite27 wrote: »

I've transferred from AIB to the new bank account in 2 hours (bout 2pm to 4pm same day). I didn't get the usual "your deposit has arrived" email, so check your degiro account to see where it lands.

I'm with AIB too, I transferred yesterday around 11 ish, however don't see it on Degiro account yet.

Kegblag,
i am not too sure what is happening, but i think I read ,on this thread, that transfers from say,BoI will go within hours now.
my few BoI to Degiro took less than 24 hours
Regards

I've transferred from AIB to the new bank account in 2 hours (bout 2pm to 4pm same day). I didn't get the usual "your deposit has arrived" email, so check your degiro account to see where it lands.

Nemeses2050

How long is it taking for money to reach your Degiro/Flatex account? previously it took few hours

kegblag

I've switched from having my cash in that fund to the bank account. Happy to have an IBAN to transfer to directly.

However I like to use N26 to fund it, my main account is BOI and transfers from there tended to take 1-2 days to arrive. Long enough to get me worried each time. N26 transfers show up within a couple hours.
But on switching to the bank account for cash option, it then says you can only fund it with your primary bank account - which was BOI. So I swapped my primary to being N26.
Now I've got an email saying since my residence and bank aren't in the same country my W8-BEN is no longer valid.

Is the W8-BEN mainly relating to dividends? If so I might leave it until I buy a dividend paying US share.

For same day transfers from Irish banks which bank would people recommend?

(Can't get around this by switching the primary as needed to BOI or N26 - since they limit the switch to just 3 times a year - and I've two left I guess.)

Thanks again Chinese Whospers, no further on this morning ,so did another test,passed it,.... no better , rang contact number, got immediate answer, guy there sorted me , I had to go into second paragraph of "products settings" and get another thingy to turn blue,

bought then

Hope others may benefit from this, it seems a strange process
GLA

thanks for info. i did a test ,most questions were on ETFs ,of which I knew little. I scored 10/15, and it said I passed . i did the products settings page , got a blue slider on one section Share, trading

I dont see anything about doing a second test.

I send an e mail and got a standard, we are very busy reply

Thank you

rugbyman wrote: »

Chinese Whospers

I am at the position you were at on 3.8..20 at 15.00

did test, products page, blue box

you posted you were back on yesterday 5.8.20
when did it come right, did you do anything

Thanks

Sorry to hear that. I had emailed/phoned them, withdrew liquid funds. Not sure if any of that made a difference as per another user I eventually got an email saying they reversed that decision. But you still needed to take at least two tests. The second one of which wasn't available for some time.

Chinese Whospers

I am at the position you were at on 3.8..20 at 15.00

did test, products page, blue box

you posted you were back on yesterday 5.8.20
when did it come right, did you do anything

Thanks

ShareShare

dotsman wrote: »

Yeah, I've long since stopped trusting those figures. Years ago, it could be explained by currency fluctuations, but over the past few months, I have seen ridiculous values in those fields.

Not too worried about it as the overall value of the portfolio is always correct, but it is annoying and confusing that these figures seem to just go crazy from time to time.

I've been with degiro years and spend alot of that time confused. Over time i learned how they are calculating little bits. So although they are usually correct.. the meaning of them is usually obscure and non intuitive.

for example,
On the mobile app, portfolio section, when it says Price * qty
it says down (3.40%).. but it has green +227.88. The stock is down 3.40% today.. not my shares in it.. but green number applies to my shares.. So it looks like i am up even if the stock is down.. Thats because i bought at a dip

Another oddity i believe is, this daily +227.88 from todays purchase DOES include transaction costs + london financial tax.
If i press on the QTY, and it shows me the totals screen with the BEP number..
My green number changed to +320.. This DOES NOT include the london tax but still has the transaction fees.... so as a total.. its pretty stupid not to include the taxes i was charged to buy it.
And now the percentage is now ONLY about my shares, and not about the stock today.

I find odd things like this in many numbers

dotsman wrote: »

Yeah, I've long since stopped trusting those figures. Years ago, it could be explained by currency fluctuations, but over the past few months, I have seen ridiculous values in those fields.

Not too worried about it as the overall value of the portfolio is always correct, but it is annoying and confusing that these figures seem to just go crazy from time to time.

I imported my positions to YAhoo Finance, far more accurate and better info

dotsman

p to the e wrote: »

In the Portfolio window is the column "+/-€" showing crazy results for anyone else?

Yeah, I've long since stopped trusting those figures. Years ago, it could be explained by currency fluctuations, but over the past few months, I have seen ridiculous values in those fields.

Not too worried about it as the overall value of the portfolio is always correct, but it is annoying and confusing that these figures seem to just go crazy from time to time.

p to the e

In the Portfolio window is the column "+/-€" showing crazy results for anyone else?

heffo500 wrote: »

I got a message in the Degiro App.

Hah! I didnt and I was affected. Back trading again.

heffo500

Deleted User wrote: »

So it seems, but I only found out by checking if I could find the shares. What did you hear can I ask?

I imagine many will have been caught out in their purchase strategies. Especially as it seemed random discrimination.

I'll be buying shares at a higher price than previously available.

I got a message in the Degiro App.

heffo500 wrote: »

I see they have rolled back on this on the back of investor feedback?

So it seems, but I only found out by checking if I could find the shares. What did you hear can I ask?

I imagine many will have been caught out in their purchase strategies. Especially as it seemed random discrimination.

I'll be buying shares at a higher price than previously available.

heffo500

Deleted User wrote: »

I couldn't figure out why I couldn't trade the shares I wanted. I eventually phoned them and they told me. Not all shares affected, but IAG, come on!

I see they have rolled back on this on the back of investor feedback?

heffo500 wrote: »

Where did you find out about this?

I couldn't figure out why I couldn't trade the shares I wanted. I eventually phoned them and they told me. Not all shares affected, but IAG, come on!

Shedite27 wrote: »

FWIW there’s no backlog in opening accounts now, setup a new one a week ago and it was instant

I've been told to wait up to 10 days for ID to be approved! :eek:

heffo500

[Deleted User] wrote: »

Well, this is fcuking ridiculous.

I couldn't trade in my portfolio shares. They are changing the profile of Custody accounts so that they cannot trade in "complex" shares. Complex shares includes IAG for crying out loud. British Airways basically.

I now have to open up a basic trading account (which they can short sell) from scratch. The last time I tried to open an account it took over a month with them. I can sell my positions in those shares, but I cannot buy more. And without warning. The share I'm interested in I wanted to buy more of and it's volatile, and now god knows when that'll be possible. Sorry for the rant.

This all sounds very scammy!

Where did you find out about this?

[Deleted User] wrote: »

Well, this is fcuking ridiculous.

I couldn't trade in my portfolio shares. They are changing the profile of Custody accounts so that they cannot trade in "complex" shares. Complex shares includes IAG for crying out loud. British Airways basically.

I now have to open up a basic trading account (which they can short sell) from scratch. The last time I tried to open an account it took over a month with them. I can sell my positions in those shares, but I cannot buy more. And without warning. The share I'm interested in I wanted to buy more of and it's volatile, and now god knows when that'll be possible. Sorry for the rant.

This all sounds very scammy!

FWIW there’s no backlog in opening accounts now, setup a new one a week ago and it was instant

Well, this is fcuking ridiculous.

I couldn't trade in my portfolio shares. They are changing the profile of Custody accounts so that they cannot trade in "complex" shares. Complex shares includes IAG for crying out loud. British Airways basically.

I now have to open up a basic trading account (which they can short sell) from scratch. The last time I tried to open an account it took over a month with them. I can sell my positions in those shares, but I cannot buy more. And without warning. The share I'm interested in I wanted to buy more of and it's volatile, and now god knows when that'll be possible. Sorry for the rant.

This all sounds very scammy!

Sigh... I've taken an investor test, passed, ticked the Share product, and Degiro still telling me I can't trade shares. Anybody else having this problem?

AlmightyCushion

Jim2007 wrote: »

I know, you said that already, but this was the bit I was expecting an answer to:

Those same questions could be asked about the money in your MMF. If you don't agree with them and they take money out of your MMF, what recourse do you have? Practically, what has changed in that regards?

Jim2007

AlmightyCushion wrote: »

They can do all that currently with the money in your MMF.

I know, you said that already, but this was the bit I was expecting an answer to:

If you have signed one, how do get out of it? How about if you don't agree with them and they just take the cash of out your account, what is your recourse?