Degiro

Robo advisors won’t let you pick your own stocks, bonds or ETFs and hence i was looking for a platform where i can buy the same without fees or marginal fees. After combing through the web i ended up with Degiro. It was a good call!!!

Account opening: You can open an account in https://www.degiro.ie/ rather than https://www.degiro.de/, if you want English website, customer support and no postident process. If you open an account through .de domain you have to go through verification via postident. Once your account is verified you are ready to buy stocks, ETFs, commodities, bonds, futures, funds, CFDs and leveraged products.

Fees: In just a few clicks you can buy wide variety of financial instruments from European or American stock exchange. Fees depends on what you are buying and the exchange you select. Make sure you check different exchanges before you buy as exchange fees are different.

You can buy commission free ETfs (one trade per ETF per calendar month) in Degiro. You’d have to pay fees if do more than one trade per ETF per calendar month unless the trade is for more than 1000 Euros in same direction i.e buy/sell. Needless to say you have to pay Total Expense Ratio (TER) for any ETFs you buy.

Tax implications:  Degiro don’t deduct taxes atleast “.ie domain” so you must do self declaration.

Advantages: Stocks, ETFs, commodities, bonds, futures, funds, REIT ETF, CFDs and leveraged products are available under one roof and can be bought in couple of clicks.

Disadvantages: There are no savings plans for ETFs and funds so you have to buy manually every month.

My ETF pick: I was looking for ETFs that tracks the performance of an index composed of companies from developed countries and  iShares Core MSCI World UCITS ETF USD (Acc) ETF is a perfect match .The fund has quite decent return i.e. 41% cumulative in the past 5 years moreover it’s also available as commission free ETfs.

Recommendation:  Definitely worth a shot if you are looking to buy wide range of financial instruments without digging a hole in your pocket.

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