Degiro?
Author
Discussion

bitchstewie

Original Poster:

67,749 posts

240 months

Sunday 13th May 2018
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Does anyone here use Degiro's low cost trading platform?

I'd like to dabble in individual equities and the prices look a little too good to be true.

From reading up it appears it's best to get a "Custody" account as with the standard account they can lend your shares (god only knows how this works in practise, it's just something I read).

CasioPasio

227 posts

110 months

Monday 14th May 2018
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bhstewie said:
Does anyone here use Degiro's low cost trading platform?

I'd like to dabble in individual equities and the prices look a little too good to be true.

From reading up it appears it's best to get a "Custody" account as with the standard account they can lend your shares (god only knows how this works in practise, it's just something I read).
I have used them.

They're not bad if you're getting started and learning your way around the markets. The fees are incredibly low, that is a good point.

Customer service is okay.

Payments go in and out easily in 3-4 days (I did mine through the bank since it's better)

The platform is good but nothing hugely amazing.

If you want to leverage your funds or short, you need to upgrade your account with a quick signature.



Overall, I would say learn for a few years and when your funds have (hopefully) increased, move on to something else.

bitchstewie

Original Poster:

67,749 posts

240 months

Monday 14th May 2018
quotequote all
Thanks smile

We're talking < £10k initially and the intention is buy and hold rather than trying to be smarter than I am.

bitchstewie

Original Poster:

67,749 posts

240 months

Monday 14th May 2018
quotequote all
Well, I'm registered, waiting to see how long it takes for a test tenner to hit my Degiro account.

I did look at the Sofort payment option but that involves logging into the Sofort system using your own banks login details - which is utterly fking nuts IMO eek

CasioPasio

227 posts

110 months

Tuesday 15th May 2018
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bhstewie said:
Well, I'm registered, waiting to see how long it takes for a test tenner to hit my Degiro account.

I did look at the Sofort payment option but that involves logging into the Sofort system using your own banks login details - which is utterly fking nuts IMO eek
Yeah, avoid using Sofort.

Just go through your bank. I believe your £10 should get to your account quickly.

With bigger amounts, they will take a little longer. Even longer when transferring back to your bank.

I was taking out a big amount at once and they took 9 days. But it did arrive, no problems.

bitchstewie

Original Poster:

67,749 posts

240 months

Tuesday 15th May 2018
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Thanks, sent an initial tenner just to be sure it arrived and it did so dumped some more in.

That Sofort thing has really got me wondering. Banks spend so much time telling people "Do not give anyone your password" so I literally can't understand how the hell a system like that can be allowed.

CasioPasio

227 posts

110 months

Wednesday 16th May 2018
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bhstewie said:
Thanks, sent an initial tenner just to be sure it arrived and it did so dumped some more in.

That Sofort thing has really got me wondering. Banks spend so much time telling people "Do not give anyone your password" so I literally can't understand how the hell a system like that can be allowed.
Great!

As I said, stick to your bank and stay safe.

Happy trading! beer

bitchstewie

Original Poster:

67,749 posts

240 months

Wednesday 16th May 2018
quotequote all
If it helps anyone, so far I've done 2 bank payments and for both the funds landed around 4pm the next day so not too bad at all.