Stocks

Jin luk · 11-12-2020 5:56pm #1

What's the best mobile app for buying and selling stocks in Ireland?

rudders · 11-12-2020 5:59pm

Depends on what your looking for really. I personally use both degiro and revolut. Degiro has low fees but the interface isn't great. Revolut has both know fees and good interface but the stock selection isn't great. Check out both degiro and etorro and find which one works best for you.

Jin luk · 11-12-2020 6:15pm

rudders wrote: »

Depends on what your looking for really. I personally use both degiro and revolut. Degiro has low fees but the interface isn't great. Revolut has both know fees and good interface but the stock selection isn't great. Check out both degiro and etorro and find which one works best for you.

I've actually been using revolut for a long time and completely forgot they done stock markets too thanks for the reply!

Timmaay · 11-12-2020 7:09pm

Trading 212 very easy to use also, has alot bigger selection than revolut.

Mister Vain · 11-12-2020 8:04pm

Trading 212 is great. It's easy to use and there's no fees.

JoeBagga · 11-12-2020 8:06pm

Personally I like TD Think or Swim. I would stray away from Robinhood.

Saudades · 11-12-2020 11:36pm

JoeBagga wrote: »

Personally I like TD Think or Swim. I would stray away from Robinhood.

Don't think TD is available in the EU anymore, and Robinhood was never available here.

JoeBagga · 14-12-2020 7:50pm

Just saw the OP. yea haha that is true.

JackieChang · 14-12-2020 9:16pm

I would also recommend Trading 212, and I started off on Revolut. After half a year on Trading 212 there's no way I could go back to Revolut's platform.

Also there's no limit on Trading 212 to the amount of shares you can buy and sell in a day. I remember there was some lame rule on Revolut that you could only buy/sell 3 times a week or something like that.

Saudades · 15-12-2020 11:32am

JackieChang wrote: »

Also there's no limit on Trading 212 to the amount of shares you can buy and sell in a day. I remember there was some lame rule on Revolut that you could only buy/sell 3 times a week or something like that.

Yeah with Revolut you only get 3 free trades per month. After that allowance, it's €1 per trade. Unless you upgrade to a paid subscription.

Supercell · 15-12-2020 11:54am

I stopped using Trading 212 as its a pain in the arse calculating your tax liabilities using their reporting.

JackieChang · 15-12-2020 1:18pm

Supercell wrote: »

I stopped using Trading 212 as its a pain in the arse calculating your tax liabilities using their reporting.

Apparently they're bringing out a new csv export feature this month.

spuddy90 · 15-12-2020 1:31pm

I have been using capital.com. has been ok to use but some stocks not on it.. might try degiro

Timmaay · 15-12-2020 1:51pm

Supercell wrote: »

I stopped using Trading 212 as its a pain in the arse calculating your tax liabilities using their reporting.

I'm trying to simplify my trading and only sell at a profit to reduce the pain in the arse it is calculating my liabilities lol. I'm using IG spreadbetting abit more for swingtrades because no CGT also ha.

Supercell · 15-12-2020 2:11pm

Timmaay wrote: »

I'm trying to simplify my trading and only sell at a profit to reduce the pain in the arse it is calculating my liabilities lol.

When you figure out the trick to doing that please do share

JackieChang · 15-12-2020 3:18pm

spuddy90 wrote: »

I have been using capital.com. has been ok to use but some stocks not on it.. might try degiro

From what I can see captial.com is CFD only. You are aware what a CFD is right?

spuddy90 · 15-12-2020 3:35pm

Hadn't been aware when signed up. I am now thanks. Going by recommendations here its degiro safest bet. Or online broker

dotsman · 17-12-2020 6:52pm

Revolut really shouldn't be considered a serious platform.

Ultimately, it's for people who are just playing with a few quid (i.e. investing hundreds). It's expensive, a terrible (over-simplified) interface and very slim choice

Degiro/Trading212 is for people investing thousands/tens of thousands

For hundreds of thousands - I'll let you know in a year or two when I hopefully hit that mark

Mad_maxx · 17-12-2020 7:25pm

dotsman wrote: »

Revolut really shouldn't be considered a serious platform.

Ultimately, it's for people who are just playing with a few quid (i.e. investing hundreds). It's expensive, a terrible (over-simplified) interface and very slim choice

Degiro/Trading212 is for people investing thousands/tens of thousands

For hundreds of thousands - I'll let you know in a year or two when I hopefully hit that mark

im with Saxo since 2014 , no complaints

dotsman · 17-12-2020 7:55pm

Mad_maxx wrote: »

im with Saxo since 2014 , no complaints

I remember looking at them before, but the minimum $10 trading fee (vs typically paying around 50c with Degiro) was a deal-breaker for me. Given that I have made just over 70 trades this year, that would be 700 in additional fees!

Still though, a hell of a lot cheaper than the traditional Goodbody/Davy's disasters.

jinish · 20-12-2020 1:29pm

I would recommend Degiro. Low fee, easy reporting for tax calculations.
Decent enough. I use tradingview for chart analysis and real time quote.

Nonoperational · 20-12-2020 4:07pm

Mad_maxx wrote: »

im with Saxo since 2014 , no complaints

Find them good. Expensive so I use T212 as well for my fun picks. The saxo trader platform is magnificent imo and the support is excellent when you have a dedicated contact person.

cronos · 20-12-2020 7:20pm

jinish wrote: »

I would recommend Degiro. Low fee, easy reporting for tax calculations.
Decent enough. I use tradingview for chart analysis and real time quote.

Do you pay for tradingview? I wish Degiro was real time and had some better features around charting.

dotsman · 20-12-2020 8:01pm

cronos wrote: »

Do you pay for tradingview? I wish Degiro was real time and had some better features around charting.

What do you mean real-time? Are you referring to the 15-minute delay for obscure stocks/exchanges? You can pay a little extra to get them in real-time as an optional extra if you find yourself heavily dealing with such stocks.

jinish · 20-12-2020 11:44pm

No, I don't pay for it. I use it for technical analysis and the tools are handy.

cronos · 21-12-2020 4:18am

dotsman wrote: »

What do you mean real-time? Are you referring to the 15-minute delay for obscure stocks/exchanges? You can pay a little extra to get them in real-time as an optional extra if you find yourself heavily dealing with such stocks.

Ya. I'd prefer not pay extra for that. Google has it for free so I tend to just use that currently. Just would save swapping back and forth.

dotsman · 21-12-2020 4:42pm

cronos wrote: »

Ya. I'd prefer not pay extra for that. Google has it for free so I tend to just use that currently. Just would save swapping back and forth.

I'm the same. All 32 stocks currently in my portfolio are in real-time. But over the years, the odd time I have been trading in a lesser-known stock, I've just used google at the time of the trade.

Timmaay · 21-12-2020 4:57pm

dotsman wrote: »

What do you mean real-time? Are you referring to the 15-minute delay for obscure stocks/exchanges? You can pay a little extra to get them in real-time as an optional extra if you find yourself heavily dealing with such stocks.

Except for the NYSE which they don't have any live chart's for full stop. I use stocktwits myself which gives the live price for all the stocks I want, alongside premarket and after hours prices, and set my limit orders according to that. Actually one thing I have noticed the degiro fees for the NYSE are alot lower than many of the other exchanges, such as Frankfurt, so that more than makes up for the 15min delay

dotsman · 21-12-2020 5:34pm

But all the popular US Stocks are covered by BATS US which is included for free, For example, all my current stocks are either on NSYE or Nasdaq and are in real-time (free of charge) courtesy of BATS.

Made the mistake of buying on Frankfurt/XET when I first joined Degiro, but said "never again" and quickly migrated to US exchanges which are far cheaper.

Mad_maxx · 22-12-2020 1:31pm

Timmaay wrote: »

Except for the NYSE which they don't have any live chart's for full stop. I use stocktwits myself which gives the live price for all the stocks I want, alongside premarket and after hours prices, and set my limit orders according to that. Actually one thing I have noticed the degiro fees for the NYSE are alot lower than many of the other exchanges, such as Frankfurt, so that more than makes up for the 15min delay

stocktwits is useless for anything outside america and yahoo finance is so much better for stocks listed on the NYSE

Jin luk · 22-12-2020 10:06pm

What's an ipo and does it mean the share price will fall?

Mad_maxx · 22-12-2020 10:21pm

Jin luk wrote: »

What's an ipo and does it mean the share price will fall?

initial public offering , it just means the day when the company floats on the stock exchange , nothing more or less

Treppen · 22-12-2020 11:37pm

Jin luk wrote: »

What's an ipo and does it mean the share price will fall?

Ask any Irish person over the age of 70 if they've ever heard of Eircom shares :pac:

JoeBagga · 04-01-2021 11:36pm

I don't mind mobile apps. But things like Robinhood and Webull can limit your access to certain stocks. I focus more on small-cap stocks and penny stocks. Not that I trade them but if you find OTC penny stocks you like, for instance, you won't be able to buy them on those apps. I like to stick to my Think or Swim mobile app if I can't be on my desktop.

Chris_Heilong · 04-02-2021 3:32pm

Degiro Requires photo ID and proof of address in order to open an account, Do all of them require such information?

Atlas_IRL · 04-02-2021 3:53pm

Chris_Heilong wrote: »

Degiro Requires photo ID and proof of address in order to open an account, Do all of them require such information?

They should, you need KYC, don't need the stock market to be like the wild west crypto market

Chris_Heilong · 04-02-2021 4:40pm

Atlas_IRL wrote: »

They should, you need KYC, don't need the stock market to be like the wild west crypto market

Up to a point I agree with you, however a person's passport, address and date of birth are the most valuable information about ones self that we own and sending it over the internet is never something to taken lightly. A physical local were these things can be approved of would be the ideal but if as you say they all require this information and others here have gone through it I guess I can view that as an endorsement of thrust in these companies.

dotsman · 05-02-2021 1:01am

Chris_Heilong wrote: »

Up to a point I agree with you, however a person's passport, address and date of birth are the most valuable information about ones self that we own and sending it over the internet is never something to taken lightly. A physical local were these things can be approved of would be the ideal but if as you say they all require this information and others here have gone through it I guess I can view that as an endorsement of thrust in these companies.

Every financial company operating on a legal basis requires this information. If you don't trust them with these few simple details, you should definitely not be trusting them with your life savings.

Chris_Heilong · 06-02-2021 8:03pm

dotsman wrote: »

Every financial company operating on a legal basis requires this information. If you don't trust them with these few simple details, you should definitely not be trusting them with your life savings.

:rolleyes: You really dont get my point do you? These are not simple things, If I have this information on you for example I can do many nefarious things with it including posing as you. My issue as I said was sending it over the internet, Thanks for at least trying to answer the question.

dotsman · 07-02-2021 1:28am

Chris_Heilong wrote: »

:rolleyes: You really dont get my point do you? These are not simple things, If I have this information on you for example I can do many nefarious things with it including posing as you. My issue as I said was sending it over the internet, Thanks for at least trying to answer the question.

I do understand what you are saying. But I think you have missed my point. I fully acknowledge that these are sensitive documents. And the reason they are sensitive is that they are used to personally identify you, which is a legal requirement for all financial entities. You cannot do any business with any financial company without sending them this info first. Thus, they should only be given to companies you trust. My point is, if you don't trust Degiro (or any financial org) with this information, how can you trust them with your life savings? Or, to put it another way. why are you trusting a financial org with your life savings, but not your personal information?

If, even for a second, I doubted a company's integrity regarding handling my sensitive info, I would never trust them to manage my life savings and would take my business to a company I fully trust.

In terms of Degiro, they are a well established EU company with a huge customer base and regulated in the Netherlands.

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