Degiro broker

RomfordNavy

Has anyone got experience of using Degiro? I am looking for a broker who can trade on the Copenhagen Stock Exchange and apart from Hargreaves Lansdown Degiro is one of the few which allows that.

Alexland

Are you also thinking of using them to hold Lindsell Train perhaps? The epic search continues.

It sounds like HL are the right platform for you.

RomfordNavy

Alexland wrote: »

Are you also thinking of using them to hold Lindsell Train perhaps? The epic search continues.

It sounds like HL are the right platform for you.

No, have an Interactive Investor account which holds some LT Finsbury. This is to buy some Orstead (CPH: ORSTED).

AnotherJoe

No idea about others, I hold that via HL. And its doing very nicely.

Aminatidi

I've used them.

No frills and seems to do what it says on the tin.

Biggest pain is adding funds and keep in mind they're not covered by UK regulations.

Also look at the different account types.

I have a custody account.

RomfordNavy

AnotherJoe wrote: »

No idea about others, I hold that via HL. And its doing very nicely.

Actually HL's charges for this sort of holding arn't too bad. The 0.45% charge is only for funds so if the HL account is used for this only it's just the £11.95 per trade and currency charges.

Alexland

Yup that's why I thought HL might be good for you.

I wasn't just running a cheap gag

HL do charge 0.45% capped at £45 on exchange traded assets if you want an ISA wrapper.

ColdIron

RomfordNavy wrote: »

Actually HL's charges for this sort of holding arn't too bad.

Even better in their Fund and Share account, no annual charge at all. £0. Might be useful if you have subscribed to an ISA this financial year

bd10

I have been in touch with them in regards to opening a dealing account. To my knowledge deposits of up to 20k Euros are guaranteed as they are regulated by the Dutch authorities. Their fee structure is competitive. I mean £20-40 for a combined purchase and sale of an equity, this is ludicrous. Institutions pay $2 for exchange traded derivatives. Where's the rest coming from...?

The negatives in my eyes are: you cannot demo/test drive the platform. That's a big issue for me. DeGiro has a partnership with the CME, and yet not all Globex order types or instruments are accepted. Strange... Even stranger, they came up with their own margining system. Pointless, why not use the rates set by the clearing houses. This only applies to derivatives of course. That's why I could not proceed to opening an account with them.

However, I totally applaud their entry into the market to shake things up. As retail investor one gets shafted left right and centre thanks to the oligopolistic market structure.