Using DeGiro

Mav11 wrote: »

Yes I have now done both, but it only applies to shares that you have not previously traded. So I wasn't aware of this requirement until I tried to trade this new share and I'm using Degiro about four years now. Hence the word of caution to others.

Think we've all got caught with it recently. Pity they didn't email all users about it. We've all got caught trying to buy something, then waste 15 mns doing tests, then come on here to tell others.

Joey321 wrote: »

Hi, has anyone set up there new bank account with degiro yet?? I set mine up so am just wondering when I send money to this account how do I know that it has arrived? is it automaticly credited to you degiro account? or do you have to transfer again from that account into your degiro account? A bit confused about this. Anyone that can help with this. Thanks.

Same as before, once the transfer is received it will show up on your balance.

Basically the Flatex account seems to be fully integrated as your Degiro balance (I don't think they are not 2 separate things).

And it seems as quick as it was before.

Joey321 wrote: »

@Bob24 Thanks for that, so if I withdraw money which account does it go into, does it go into the flattex account or the irish account that you use to transfer money from..

I haven't withdrawn since the move to Flatex tbh, but I assume if your go to the Irish account you are mentioning (the Flatex account isn't a stand alone account on which you can transact independently as far as I can tell; it is the same thing as your Degiro cash balance).

Joey321 wrote: »

@Bob24, Thanks again for that, just one last question as Im jus setting this account up now to tranfer money into my degiro account. Just noticed that the account is in germany 'DE' is that correct?

No worries. Yes correct, the account is with Flatex in Germany so it has a DE IBAN.

SauNewb wrote: »

Regarding the Flatex Bank account - Do people receive bank statements or any communication from the bank?

I'm not happy about having a new bank account setup in my name that I don't directly control.


One of my biggest concerns is that I might move, won't be able to update my address with the bank - and someone else will receive my data.

I don't see how it's any different to the MMF, they own Degiro now, if you move you update in Degiro and I guess that's that.

a_squirrelman wrote: »

I don't see how it's any different to the MMF, they own Degiro now, if you move you update in Degiro and I guess that's that.

Thanks.

I found the terms and conditions.
They look fairly solid - so I deleted my previous message.



2. Communication
Given that the Cash Account will be used exclusively as a clearing account for securities transactions, custody and administration of Client’s DeGiro account, the communication with flatex Bank is exclusively carried out via DeGiro's WebTrader. The Special Conditions Cash Account for DeGiro Clients and other contractual documents from flatex Bank are entered into via DeGiro’s WebTrader. Any amendments to the Special Conditions Cash Account for DeGiro Clients and other legal documents from flatex Bank shall be communicated to Client via DeGiro’s WebTrader and/or directly to Client’s e-mail.


3. Dispositions / Reference Account
It is not permitted to use this account for payment transactions (cheque withdrawals, direct debits, cheques, etc.) and therefore, this account is not considered as a payment account according to Article 2 (5) of Regulation (EU) No. 260/2012.

manonboard wrote: »

App and website is crapping out something terrible on me today. No numbers anywhere

Same

How do people pick their funds and etfs on degiro? Is there a good source of information available?

It's different than stocks - if you're buying a company then you've targeted it for some reason - no one's going to browse through nasdaq shares in alphabetical order - which is what I sometimes start doing with funds on degiro.

My plan is to move cash into the market week by week for a couple years - if I've a share in mind I'll buy a share but if I can't I'd like to have a fund as my default weekly investment. This would be reasonably long term 10-20 year window.

Possibly thinking of two funds - lower risk cash like fund and a more equity based fund.

Maybe I can live with about the 8 year rule for deemed disposal - "luckily" I'm the wrong side of 50 so that becomes a little less of an issue. I might start selling up funds for day to day spending before they hit that deemed disposal date.

I've just done a bank transfer of let's say 500 euro.
While I wait I've looked and on my account it says I've 50 quid 'available to trade', most possibly from some earlier transactions.
Question....
Would I be right in thinking that I can plan to buy shares, once the 500 comes through, for 550, so I can use this 50 already there??

Now I write that, it seems clear enough, but no harm double checking.
Grma.
A

Anybody know if you can upgrade your account so you can trade options without having any leverage on you account, say 50% le average ón next level account but I only want to trade what I have and don't want any leverage credited to my account.

@Chinese Whoseps, I currently have a basic account but want to trade option, the next account I can trade up to is an active account but that gives margin trading upto 50%, as I do not want the margin credit can I have an account with only what I have in it and also be able to trade option, I do not want 59%available credit on my account,

@Shedite27, Exactly, that's why I don't want to have that, I think I'll sent an email to see if I can upgrade my accout without having the 50% credit.

Rothmans wrote: »

Does anybody know of its possible to view the performance of your portfolio on a graph over a period of time on Degiro?

Although the daily +/- is useful, it's be handy if I could see how the portfolio is performing over a longer period than a day.

Not that I know of and I've been with degiro from the beginning, it'd be a nice feature allright