Broker for Irish shares?

IronWolf

I'm looking for a broker that deals in Irish shares. Obviously want low dealing charges but also low FX charges. Anyone know of one? For some reason it's very hard to find one.

Thanks

jimmyss1

Try tdw
http://www.tddirectinvesting.co.uk/investment-choices/international-stocks/international-trading/

i think they charge 17.50 a trade for irish shares.

bowlhead99

Downside of TD is that their FX charge is 2% (this reduces with larger sums but it's 2% under £25k).

A decent feature though is that if you have Euros or USD or HKD or whatever from sale of shares (or from buying the currency ahead of doing a trade) they let you keep it in that currency in a multicurrency cash account.

So you know the proceeds of selling Company A for EUR 1,000 or SEK20,000 can be used to buy Company B for that same amount of Euro or Krona. With some brokers they'd convert your proceeds to GBP, giving you an FX charge and FX risk while you hold sterling ahead of paying another FX charge to buy back the EUR 1,000 as part of the trade to buy Company B.

If you're running this through an ISA account you can't hold foreign currency cash (HMRC rules) so they would hit you with the 2% charge every trade as they give you back sterling and make you buy from sterling.

IronWolf

Great thanks. Those FX charges are eyewatering and they charge a 'management fee' but it looks like I don't have much choice. Surprising that so few brokers offer Irish shares, even my broker offers 25 exchanges in places like Norway, but not Ireland for some reason.