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Using DeGiro

tod1982

Hi All,

Quick question on using DeGiro when buying a share.

I have always used Goodbody in the past but due to the lower costs have decided to open an account with DeGiro. I am a long term investor and any stock I have bought I have owned for a number of years.

I was looking at buying a company's shares on DeGiro, to hold long term but am getting confused with type and order duration.
To buy these shares at the current market price and have them added to my portfolio what should i select for a) type and b) duration

Thanks

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Shedite27

pluto_322 wrote: »

________________________________________________________________

I don't think that the Degiro platform offers call/put options on individual U.S. stocks irrespective of type of account held

Sorry, you're right, European stocks only

pluto_322

Shedite27 wrote: »

You can upgrate from Basic to Active accoutn for free and then you get Margin and Options available to you.

One word of warnign, I'm not keen on Margin (basically loans), and it sets this by default, I've gone into it by a few euro a few times when I've miscalcualted charges.

________________________________________________________________

I don't think that the Degiro platform offers call/put options on individual U.S. stocks irrespective of type of account held

Shedite27

Fol20 wrote: »

Is degiro safe,

Let’s say you have 100k in cash and 100k in stocks in degiro. Can you loose this money if degiro went bust?

I saw on their faq. That you should be fine but then I also found other material where it says they have protection up to 20k, and if you don’t have a custodian account, they Lon your shares out to other people and if those people go busy. You loose your money?

I wouldn't be leaving 100k sitting in the cash account, it's a bank account in your own name in Germany, but even at tht I'd be happier having it sit at home in my AIB account. Even at that, if I had that much in deposits (never would as it's losing spending power daily), I'd split it across a few banks just in case.

Shares are safe, it's the company you own going bust thay will lose you money.

I know Jim is gonna respond with a "don't use a discount broker" post, so just to preempt it, please explain why Jim

Fol20

Is degiro safe,

Let’s say you have 100k in cash and 100k in stocks in degiro. Can you loose this money if degiro went bust?

I saw on their faq. That you should be fine but then I also found other material where it says they have protection up to 20k, and if you don’t have a custodian account, they Lon your shares out to other people and if those people go busy. You loose your money?

Shedite27

icanmunch wrote: »

Does anyone know if it’s possible to purchase US options on Degiro? Been looking for NASDAQ options but can’t find any. Not sure if I’m doing something wrong but if it’s not possible, can anyone recommend a different platform to use? Cheers

You can upgrate from Basic to Active accoutn for free and then you get Margin and Options available to you.

One word of warnign, I'm not keen on Margin (basically loans), and it sets this by default, I've gone into it by a few euro a few times when I've miscalcualted charges.

outonawing

icanmunch wrote: »

Does anyone know if it’s possible to purchase US options on Degiro? Been looking for NASDAQ options but can’t find any. Not sure if I’m doing something wrong but if it’s not possible, can anyone recommend a different platform to use? Cheers

No options available.

icanmunch

Does anyone know if it’s possible to purchase US options on Degiro? Been looking for NASDAQ options but can’t find any. Not sure if I’m doing something wrong but if it’s not possible, can anyone recommend a different platform to use? Cheers

Shedite27

arleitiss wrote: »

So if I buy 30 Shares of X @ €100 Each = €3000
Then two days later I sell 30 Shares of X @ €90 = €2700

That's a €300 loss, it wont show up on report?
Any advice on how to process transaction statement in excel manually?

No it will show up on the report. But for Ireland CGT laws, you can't allow it, so you need to exclude it manually.

I dump all my transactions for the year from degiro into Excel, then match up purchases and sales, subtract one from the other. Then do a separate calculation where I calculate the days between purchase and sale, to exclude the losses within 30 days. It takes a while, but only needs to be done once a year. So long as you're not buying and selling every day it's manageable

arleitiss

Shedite27 wrote: »

If you're trying to allow losses it doesn't incorporate the 30 day rule (if you sell stocks for a loss within 30 days you can't use that loss to offset a gain). I always do it via spredsheet myself. It also encourages me to reduce my sales and it makes it less messy.

So if I buy 30 Shares of X @ €100 Each = €3000
Then two days later I sell 30 Shares of X @ €90 = €2700

That's a €300 loss, it wont show up on report?
Any advice on how to process transaction statement in excel manually?

Shedite27

arleitiss wrote: »

Is the Annual Report provided by degiro safe to use for calculating CGT?

If you're trying to allow losses it doesn't incorporate the 30 day rule (if you sell stocks for a loss within 30 days you can't use that loss to offset a gain). I always do it via spredsheet myself. It also encourages me to reduce my sales and it makes it less messy.

arleitiss

Is the Annual Report provided by degiro safe to use for calculating CGT?

rugbyman

on 4.1.21 i commented on Degiro being a bit iffy on BIRG. One person ,some days later mentioned the same problem
It is still the same, i took it to be a brexit related issue, and that it would come right.

Todays question is ,how to I get up to the minute prices from Degiro on the ISE, it appears that I must pay, but I cannot find it on their site
e.g. I can find that I need to pay 4.50 per month for real time info on the UK market, but I cannot find Ireland.
Directions pls ,or info
Thanks in advance

heffo500

dinneenp wrote: »

Hi,

I put in an order to sell X amount of Apple shares today before market opened, max price was well above current price. 1 hour after opening- still not sold so I cancelled and placed a new order. Still showing under 'outstanding orders'.

any idea why, normally they get executed quicker then you can say 'Tesla'.

Is the price your offering above the live price or the delayed price? I normally adjust my price in small increments till it the order is successful.

dinneenp

Hi,

I put in an order to sell X amount of Apple shares today before market opened, max price was well above current price. 1 hour after opening- still not sold so I cancelled and placed a new order. Still showing under 'outstanding orders'.

any idea why, normally they get executed quicker then you can say 'Tesla'.

Taylor365

One More Toy wrote: »

Any word on the additional tax report for 2020?

Think it lands closer to February.

One More Toy

Any word on the additional tax report for 2020?

the explorer

I was charged an auto fx fee for the first time yesterday. I had not been charged this before, the last time I bought or sold was in November. Is this normal? It was a share on the NYSE priced in USD.

Mav11

Anybody experiencing issues with Degiro this morning? Irish stocks (BOI) doesn't seem to be updating. Orders on the Xetra don't seem to be executing???

Technope87

Does anyone use the ETHEREUM XBTE Ether Tracker One (EUR) (SE0010296582) - OMX Stockholm fund? Has the fund been frozen or is it simply you can’t increase or open new positions?

Afurosan

VanPercy wrote: »

Same with me - got a bit of a shock to be fair!

I emailed today looking to transfer to the ISE equivalent but no response ....

I take it my shares haven’t been wiped out and have lost thousands of €€€ eeek

I ended up getting an email today saying;

"Dear Investor,

You request to have your position transferred to an EU exchange has been registered.

Please be advised there will be no transfer fee associated with moving this position. This process can take 1-3 weeks to complete.

If you have any questions on this in the meantime please let us know"

sector_000

VanPercy wrote: »

Same with me - got a bit of a shock to be fair!

I emailed today looking to transfer to the ISE equivalent but no response ....

I take it my shares haven’t been wiped out and have lost thousands of €€€ eeek

It often takes ~2 days to get a response to an email from DeGiro

VanPercy

Afurosan wrote: »

Mine too. I did email asking them to move my LSE AIB shares to an EU listing.

Same with me - got a bit of a shock to be fair!

I emailed today looking to transfer to the ISE equivalent but no response ....

I take it my shares haven’t been wiped out and have lost thousands of €€€ eeek

Afurosan

Wombatman wrote: »

My LSE AIB shares were sold for 0 and bought back for 0 today after 2PM.
My portfolio is showing the former value of the shares as a loss.

What's going on?

Mine too. I did email asking them to move my LSE AIB shares to an EU listing.

Wombatman

My LSE AIB shares were sold for 0 and bought back for 0 today after 2PM.
My portfolio is showing the former value of the shares as a loss.

What's going on?

cr17

Hi All,
Looking for some advice on this one.

AIB Shares on LSE today have shot up...is this just a brexit anomaly or am I rich ?
Something to do with Share Trading Obligations.

AIB Group plc
LON: AIBG
149.60 GBX +147.96 (9,021.95%)

Thanks

rugbyman

Glitches are not unknown on Degiro, though thankfully rare enough.

Today ,however things seem to be up the creek somewhat.

Bank of Ireland shares pages seem out of kilter though some others i checked are ok
As I type the ask price for BIRG is 3.27, bid 3.34
According to Google( which, i think, is always right) the price is 3.35. this could suggest that the bid price on Degiro is right and the ask price awry

For the first few hours of todays trading little or no info was right

Regards

outonawing

sector_000 wrote: »

So for an indeterminate amount of time (possibly forever?) I won't be able to see my RYANAIR holdings on LSE!!

As DeGiro say, the only options are to transfer or wait and pray.

I got that email and gave it a cursory look. My impression was that we can carry on as before, until there is a final determination about the future arrangements. In other words, we can continue buying and selling dual listed stocks through LSE.

Unfortunately, I deleted the email, thinking all was well for now. Can anyone confirm if I've understood it correctly?

Amouar

One More Toy wrote: »

Yes I believe so, looking forward to the massive drop tomorrow when it corrects itself!

This increase is due to Degiro having the wrong Eur/Usd exchange rate ( 1.19 instead of 1.21). This should be fixed tomorrow.

sector_000

outonawing wrote: »

I'd expect there will be an arrangement whereby we can keep our shares that are listed on LSE.

I hope so. But that's not the case now, and frankly i don't see that the EU has any real incentive to do anything that helps a non-EU stock exchange.

So for an indeterminate amount of time (possibly forever?) I won't be able to see my RYANAIR holdings on LSE!!

As DeGiro say, the only options are to transfer or wait and pray.

sector_000

sk8board wrote: »

Did you also get an email from degiro this week that you can transfer a duel-listed share by emailing them on ca@degiro.ie?
I have BIRG and emailed them about it. Haven’t heard yet. The email mentions doing it by Jan 15th 2020, but I assume that’s a typo.

Yeah, I got that email too.
The whole thing is a bit of a pain.
I emailed a question to ca@degiro.ie to see if any of my holdings would be subject to 1.5% stamp duty if transferred. No response yet.

Thanks Britain (not)!