Best online brokerage for buy and hold
Truth be told, in my opinion, their interface both web and app is shockingly bad. Support available in your own language. Leave a Reply Cancel reply Your email address will not be published.
Degiro FX fee is 0. Costs of US stock in DeGiro: No cost for inbound or outbound transfers. I am so glad I found it. Most people forget to take this currency exchange issue into consideration when calculating the costs of operating with a broker.
Moreover, they have the most straightforward procedures with regards to taxation in Spain. I will definitely refer to this post when I do. Hi, Thanks for this article. Probably not worth the bother on modest amounts.
Costs of US stock in DeGiro: No need to fill in any foreign asset reporting documents at the end of the year Spanish Modelo in this case. Not critical for me in this case as I speak both English and Spanish.
Costs of US stock in DeGiro: Zero fees for custody and account maintenance. Jean Galea is a digital nomad, padel player, host of the Mastermind. I use Caixa have a special deal with them and ING.
Low fees on USA share purchases. Your email address will not be published. I would like to invest these savings with a Spanish company and ING sounded pretty good to me, but the problem I keep running into is one related to me being a non resident whom they cannot work with for some reason. I am only using DeGiro at the moment and find it good enough for my basic needs.
Both brokers are ideal for buying stocks from Spain, and they both have their own advantages and disadvantages. Hi Jean — Thanks for the writeup. Leave a Reply Cancel reply Your email address will not be published.
The guarantee applies to most account holders and virtually all types of bank accounts. I will definitely refer to this post when I do. No loaning out of shares. Currency Conversions One of the bigger problems with both these brokers is that they automatically convert your money to other currencies when required. Following my move to Spain, I started searching for a local broker to start investing in stocks.