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  #61  
Old 15.11.2019, 12:17
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Re: DEGIRO stock broker: any thought?

ok i think i found the answer:

https://www.qualebroker.com/en/blogs...ve-mmf-returns

so, basically, do not keep more than 3000chf uninvested monie in degiro
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  #62  
Old 28.08.2020, 19:04
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Re: DEGIRO stock broker: any thought?

Hi DeGiro users!

any non-US citizens living in Switzerland with experience selling US shares through DeGiro.ch?
Do you know if a withholding tax (like the 15% for dividends with the W-8BEN form) is applied when you sell US stocks?

Basically I am trying to find out if there is any capital gain tax to be paid when selling US shares (either in the form of withholding tax or when submitting the tax declaration)
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  #63  
Old 31.08.2020, 13:23
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Re: DEGIRO stock broker: any thought?

Is it better to use USD or EUR version of stocks?

When going with USD then are there any tax implications or anything else on top to take into account?
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  #64  
Old 01.09.2020, 00:05
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Re: DEGIRO stock broker: any thought?

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I received the following notification from degiro:

--
Reminder: change in compensation for the Money Market Funds
At DEGIRO, your unused money is automatically invested in a Money Market Fund (MMF) via a standing order. As we have previously informed you, we will be applying limits to the compensation of holdings in MMFs. Effective as of the 15th of November, you will only receive compensation up to CHF 3,000 in MMF holdings. For more information about the MMFs and the compensation policy, please click here.

Please note that the return for the FundShare CHF Money Market Fund is around -0.9% this year. If you do not choose to invest your money at this time, you can, of course, move it to your bank account. When the time is right, you can always deposit your funds back to your DEGIRO account.
--

does it mean I shouldn't keep any uninvested money at degiro or else i'll lose 0.9% due to the negative return of MMF?
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I heard bad things about them e.g. this: http://www.amsterdamtrader.com/2015/...s-clients.html

and also some noise about how client shareholdings are actually held
I've mostly bought SMT and PHT in it. If a hedge fund wanted to short those over the last few years they are madmen.

Perhaps I better stick to trusts.

Last edited by HickvonFrick; 16.12.2020 at 23:38.
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  #65  
Old 01.09.2020, 11:08
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Re: DEGIRO stock broker: any thought?

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Is it better to use USD or EUR version of stocks?

When going with USD then are there any tax implications or anything else on top to take into account?
trading in USD has less fees and far more volume.
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  #66  
Old 08.12.2020, 09:13
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Re: DEGIRO stock broker: any thought?

first thing you should know is that degiro has been acquired by flatex.

this is relevant because flatex has a banking license (degiro didnt have one) and so now you can keep money in your degiro account.



second thing you should now is that they can loan your shares unless you go for the custody account, which is what I would recommend.



third and most important, they are way cheaper than any Swiss bank including swissquote, which is actually incredibly expensive.


the only alternative I see is Interactive Brokers. Interactive Brokers is the best in terms of pricing and offering but... it is an American bank, which to me is a no-go.
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  #67  
Old 15.12.2020, 18:17
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Re: DEGIRO stock broker: any thought?

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first thing you should know is that degiro has been acquired by flatex.

this is relevant because flatex has a banking license (degiro didnt have one) and so now you can keep money in your degiro account.



second thing you should now is that they can loan your shares unless you go for the custody account, which is what I would recommend.



third and most important, they are way cheaper than any Swiss bank including swissquote, which is actually incredibly expensive.


the only alternative I see is Interactive Brokers. Interactive Brokers is the best in terms of pricing and offering but... it is an American bank, which to me is a no-go.
Why out of interest? (I use Degiro but just would like to know your thoughts)
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  #68  
Old 15.12.2020, 19:12
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Re: DEGIRO stock broker: any thought?

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the only alternative I see is Interactive Brokers. Interactive Brokers is the best in terms of pricing and offering but... it is an American bank, which to me is a no-go.
I don't think that's accurate. To my knowledge they are not a bank. Also as a Swiss resident your account would be opened with Interactive Brokers (UK) Ltd and regulated by the Financial Conduct Authority.
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  #69  
Old 16.12.2020, 16:15
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Re: DEGIRO stock broker: any thought?

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I don't think that's accurate. To my knowledge they are not a bank. Also as a Swiss resident your account would be opened with Interactive Brokers (UK) Ltd and regulated by the Financial Conduct Authority.
This (though I'm not entirely sure about the overseeing body).
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