• huppakee@lemm.eeEnglish
    1·
    12 hours ago

    I’m using Trading212 and am quite happy with them, although they’re from the UK. Anyone here thinks it’d be better to switch to a EU-based company?

    • KualdirOPEnglish
      3·
      11 hours ago

      For me an EU based (degiro) was better cause it can automatically provide tax documents / apply for benefits (like no double tax on US stocks)

  • jagermo@feddit.orgEnglish
    6·
    2 days ago

    I find xtb shady, mostly because if their ads. Whenever some soccer millionaire tells me how to invest money, I immediately smell snake oil.

    But, I’d also add Scalable to the list

  • AnotherHelldiver@jlai.luEnglish
    11·
    2 days ago

    I went with Trade Rep and they are serious. Their app still needs few things but otherwise well made.

    For ETF, pick only Europeans Providers, here is a list:

    • AXA (France)
    • Amundi (France)
    • BNP Paribas (France)
    • HANetf (Netherlands)
    • HSBC (UK)
    • Legal & General (UK)
    • Ossiam (France)
    • Robeco (Netherlands)
    • Tabula Investment Management (UK)
    • UBS (Swiss)
    • Xtrackers (Germany)

    Feel free to expand if there is more you know, I listed my ETF providers

    • Tar_Alcaran@sh.itjust.worksEnglish
      1·
      7 hours ago

      Do please note that costs can vary MASSIVELY between providers.

      I’m currently with US-based Northern Trust because they don’t have a dividend leak from the Netherlands, and their costs are 0.15% for their all-world ETF, and similar for small-cap and emerging markets.

      Switching to Robeco would keep the dividend leak at zero, but their costs are 1.81%. That’s way too much of a difference for me.

      HAN etf seems to hover around 0.8%, lower for gold, much higher for crypto, but I can only find weird themed ETFs there, nothing very broad.

      If anyone knows a low-cost, European all-world fund, I’d love to hear it.

    • airbussy@lemmy.oneEnglish
      5·
      2 days ago

      Worth noting for Trade Republic is that there is a 1€ fee for every trade you make, unless it’s from a recurring order. To me the app seems more catered to long term savings investments instead of day trading. But I don’t do the latter so who knows. Maybe it works for that end no problem.

      Other than that the matching of ECB interest rates on savings is a blessing.

      The only thing I’m worried about with them is security. Your username is your phone number and your password is a four digit number. You do get 2FA with the app, but SMS can also be used, which isn’t the safest 2FA from what I know.

    • KualdirOPEnglish
      3·
      2 days ago

      Currently got most of my EU ETF in Amundi and planning on selling the rest of my iShares EU 600’s later this year to put it in Xtrackers (first got some other financial stuff to focus on to see that my tax bill doesn’t go boom)

    • KualdirOPEnglish
      2·
      2 days ago

      As far as I’m aware the company behind degiro is actually called “flatexdegiro” so not sure if they’re related

      • UngratefulLilToad@feddit.orgEnglish
        4·
        2 days ago

        A cursory glance at Wikipedia tells me that Flatex AG bought Degiro (and a few other companies) and then changed the name to Flatexdegiro AG.

  • CBYX@feddit.orgEnglish
    2·
    2 days ago

    I seriously feel like there’s a market for an investment company that will file US taxes and robo-advisor mock market funds (for US citizens subject to PFIC penalties on EU funds)

  • Sc00ter@lemm.eeEnglish
    11·
    2 days ago

    Never considered switching trading accounts. Im an american and use charles schwab. Started with think or swim theyve been bought a handful of times and ive just rolled with it.

    I primarily trade options. Any suggestions?