All entry or exit fees that the fund provider may collect are passed on by DEGIRO to the customer. At DEGIRO, the basic currency of your account is usually the currency of your home country. This means, for example, that you have a GBP account if you register with www.degiro.co.uk as a British citizen. You can`t have more than one basic currency for an account. DEGIRO differs from most other brokers in the way it maintains clients` money. Instead of holding clients` money in cash, DEGIRO is required by the Dutch regulator to invest money funds in money funds that are not currently invested by clients. However, this will soon change, as customers` money will be migrated to Flatex bank accounts after the recent acquisition by flatex Bank AG. This is good news, as it enhances the security of DEGIRO and offers better investor protection of 100,000 euros for cash (and 20,000 euros of protection for your assets). By joining flatex`s banking network, DEGIRO will gradually renounce the use of money funds. The process will take time, but customers will not feel and will be covered from day one by higher investor protection.
The acquisition by flatex Bank is not yet complete. Customers` money is currently migrated to cash accounts at the flatex bank. Instead of keeping clients` money in cash, DEGIRO paid un invested client funds into cash funds. The Dutch regulator was obliged to do so. You can only take off by bank transfer. E-wallets are only available to some residents, such as German or Spanish customers. For stocks, you can see in the “Analyst Views” tab how many buy/sell/hold recommendations the given stock has or has had at the moment. However, we have not met actual price targets. Competitors DeGIRO TradeStation Global and Interactive Broker both have this feature and will show you who made the recommendation and what their course objective is (p.B. Morgan Stanley, Sell, price target 10). Given that short-term debt is currently negative in many European countries (especially in the euro area) and that these money funds also have low administrative costs, you may notice a small negative return while your money is parked in these funds. DEGIRO`s margin rates are low.
Margin rates vary depending on the base currency in your account. All right. Not quite. Degiro`s price chart is unreasonably structured. The frankfurt Stock Exchange`s shares were surprisingly expensive: from 8 to 12 euros per trade. This information is really hard to find. There is also a blog with high quality articles on the markets every month. You can trade in 12 options markets with DEGIRO. This is a competitive choice, but not the best on the market. DEGIRO`s term rates are also low. Compared to TradeStation Global, they are weaker in the U.S.
and German markets. You can access an information panel with short messages on the web and on mobile platforms. These are available on the main page of the trading platform, as well as in the product information sheet that have all the messages related to them. The Degiro platform has come down several times in recent months. He went for an hour in the middle of the trading day a few times without notice, confirmation or apology. This is acceptable for Instagram, but not for a bank.