New online broker entrant

gamblor101 · 09-06-2015 1:08pm #1

Looks like a Dutch company is setting up shop in Ireland soon

http://www.irishtimes.com/business/personal-finance/trade-irish-stocks-for-little-more-than-2-1.2242776

Anyone have any experience with them in the other countries they operate?

RobertKK · 09-06-2015 2:01pm

They look very cheap, and their website shows no minimum balance and a broad market of assets to invest in.

Will keep an eye on them.

Tugboats · 09-06-2015 3:20pm

The Irish will buy the market top:cool:

Axel Lamp · 09-06-2015 4:17pm

http://www.degiro.ie

Heard them on Newstalk Business Breakfast this morning.

The fees are very, very low in comparison to the Irish based brokers. So it begs the question; What's the catch? or is there one?

Tugboats · 09-06-2015 4:27pm

Axel Lamp wrote: »

http://www.degiro.ie

Heard them on Newstalk Business Breakfast this morning.

The fees are very, very low in comparison to the Irish based brokers. So it begs the question; What's the catch? or is there one?

Irish brokers have been a rip off for years probably the most expensive out there. This does look good but I cant say I know much about them

Jack Skellington · 09-06-2015 5:07pm

Wow thanks for posting this, sounds too good to be true but these guys could actually make euro cost averaging very affordable.

RobertKK · 09-06-2015 6:14pm

This is like Ryanair taking on Aer Lingus, when it costs hundreds to fly to London from Dublin.

daheff · 10-06-2015 9:25am

are there any account maintenance fees? or minimum trading? etc?

RobertKK · 10-06-2015 7:38pm

daheff wrote: »

are there any account maintenance fees? or minimum trading? etc?

No, from what I can see.

https://www.degiro.ie/data/pdf/ie/IE_Feeschedule.pdf

Sonnenblumen · 10-06-2015 10:04pm

RobertKK wrote: »

This is like Ryanair taking on Aer Lingus, when it costs hundreds to fly to London from Dublin.

It still cost hundreds to fly to London with Ryanair and Aer Lingus.

Sonnenblumen · 10-06-2015 10:06pm

Tugboats wrote: »

Irish brokers have been a rip off for years probably the most expensive out there. This does look good but I cant say I know much about them

Not everyone buys at the bottom of the barrel, buying on price only isn't the only criteria.

Tugboats · 10-06-2015 10:24pm

Sonnenblumen wrote: »

Not everyone buys at the bottom of the barrel, buying on price only isn't the only criteria.

What are the benefits/advantages of using the top of barrel Irish brokers?

Jack Skellington · 11-06-2015 10:53am

RobertKK wrote: »

No, from what I can see.

https://www.degiro.ie/data/pdf/ie/IE_Feeschedule.pdf

Sent them a quick email about this, they wrote back saying there are no maintenance or quaterly fees but there is an annual E2.50 charge on every exchange you trade in, sounds good to me but I'll still read up on them a bit more.

daheff · 11-06-2015 3:42pm

Jack Skellington wrote: »

Sent them a quick email about this, they wrote back saying there are no maintenance or quaterly fees but there is an annual E2.50 charge on every exchange you trade in, sounds good to me but I'll still read up on them a bit more.

2.50- per exchange seems like a very random fee??

I could understand a per account fee...but per exchange traded? AFAIK they dont have a per client fee with the exchanges, so this would be very much a 'ryanair baggage' fee in my eyes.

Having said that...they are still all lot cheaper than others out there

topper_harley2 · 11-06-2015 7:18pm

Jack Skellington wrote: »

Sent them a quick email about this, they wrote back saying there are no maintenance or quaterly fees but there is an annual E2.50 charge on every exchange you trade in, sounds good to me but I'll still read up on them a bit more.

Is that E2.50 each time you trade on the exchange e.g. say I only trade on Euronext Amsterdam but do so once a month (euro cost averaging)....is the annual exchange charge E2.5 or 12 x E2.50 = E30?

irishgeo · 12-06-2015 3:34pm

Not too good a review here.

its a tad old though.

http://www.amsterdamtrader.com/2014/10/9-things-i-hate-about-degiro.html

Sonnenblumen · 12-06-2015 6:00pm

Tugboats wrote: »

What are the benefits/advantages of using the top of barrel Irish brokers?

DYOR :P

Jack Skellington · 14-06-2015 10:58pm

topper_harley2 wrote: »

Is that E2.50 each time you trade on the exchange e.g. say I only trade on Euronext Amsterdam but do so once a month (euro cost averaging)....is the annual exchange charge E2.5 or 12 x E2.50 = E30?

Well the wording they used would have you think e.g. if you traded on one exchange all year you'd be charged E2.50 but I'll send them another quick email just to be sure.

Bubbaclaus · 14-06-2015 11:21pm

Anyone using them yet? Is the trading platform user friendly? Can you easily track your investments etc?

Amirani · 15-06-2015 2:22pm

Seems promising, will keep an eye on it.

topper_harley2 · 15-06-2015 7:13pm

Signed up yesterday and transferred in some cash. Account isnt fully activated yet, as cash hasnt hit it yet

Amirani · 15-06-2015 7:57pm

topper_harley2 wrote: »

Signed up yesterday and transferred in some cash. Account isnt fully activated yet, as cash hasnt hit it yet

Let us know how it goes!

Jack Skellington · 17-06-2015 7:51am

topper_harley2 wrote: »

Signed up yesterday and transferred in some cash. Account isnt fully activated yet, as cash hasnt hit it yet

Cool well they got back to me anyway and said the E2.50 charge is a one off.

wallym · 17-06-2015 4:49pm

Hi Guys, Looking for a an online broker that covers US and European shares and etf's - Noticed your discussion about Degiro and did a quick search for reviews ...google amsterdametrader degiro and see what he hates about them.

Would post the link but I'm not allowed :-(
Anyone have experience of TD Direct Investing?

Cheers,
Wally...

Frogdog · 17-06-2015 10:13pm

That link has already been posted in this thread Wally.

murphyebass · 18-06-2015 1:10pm

Very low charges. I'm thinking of opening an account here as my brokers fees are quite a bit higher.

Any feedback on them yet? Are they legit?

robp · 19-06-2015 6:26pm

Some bloggers have mentioned that Degiro lends out customer's stocks. One blogger mentioned that the customer is not protected if it goes belly up. is this correct or out of date? Are these risks substantial or are they very unlikely events?

topper_harley2 · 20-06-2015 12:37pm

robp wrote: »

Some bloggers have mentioned that Degiro lends out customer's stocks. One blogger mentioned that the customer is not protected if it goes belly up. is this correct or out of date? Are these risks substantial or are they very unlikely events?

https://www.degiro.ie/about-degiro/safe-and-reliable.html

When creating account, you can specify you dont want them to lend out stocks to 3rd party - there are two types of account. A lending out one and a non-lending one. Both have slightly different fees (read, slightly higher for non-lending).

Bought first ETF yesterday, going grand so far.

murphyebass · 20-06-2015 1:39pm

topper_harley2 wrote: »

https://www.degiro.ie/about-degiro/safe-and-reliable.html

When creating account, you can specify you dont want them to lend out stocks to 3rd party - there are two types of account. A lending out one and a non-lending one. Both have slightly different fees (read, slightly higher for non-lending).

Bought first ETF yesterday, going grand so far.

Yeah I'd heard something about the lending which I didn't like the idea of so nice to know there's a non lending version.

So yeah i'll set up an account then when I get a chance later on hopefully

TheFin · 23-06-2015 4:54pm

Best fees I've seen so far. Theyre advertising on CNBC also (Sky channel 505)

Blue Steel · 23-06-2015 5:24pm

Good enough to invest lots of money with them?

New online broker entrant

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