EPTTrading/Investing Thread - Page 62
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raga4ka
Bulgaria5679 Posts
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Acrofales
Spain18296 Posts
On February 04 2021 00:32 raga4ka wrote: Hello, fellow TLers. Can someone from the EU recommend to me a good broker for stock trading. Crypto is not important, there are a lot of dedicated Crypto brokers. If it's possible I would appreciate for the broker to be based in EU and accept euro transactions as fiat payment method. Otherwise it can be a global broker, but someone who accepts debit cards as a payment method. I'm new to stock trading, so I would appreciate if broker takes low commissions and is somewhat easy of use. Licenses are often extended by country, so it isn't as straightforward as that. But I use degiro.es (Dutch, so the original is degiro.nl). Web-based and have a mobile app. Response time is good, and so far I haven't had any issues with them. They don't operate on all exchanges for all countries, but I found the offer acceptable. But I don't do a lot of speculation, I generally just research one or two companies to go long on, set a goal and then keep monitoring them. If I think the market is being particularly irrational I may try something more adventurous, but I definitely stay away from weird shit that needs minute-by-minute updating (like GME or other WSBs). | ||
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raga4ka
Bulgaria5679 Posts
On February 04 2021 00:51 Acrofales wrote: Licenses are often extended by country, so it isn't as straightforward as that. But I use degiro.es (Dutch, so the original is degiro.nl). Web-based and have a mobile app. Response time is good, and so far I haven't had any issues with them. They don't operate on all exchanges for all countries, but I found the offer acceptable. But I don't do a lot of speculation, I generally just research one or two companies to go long on, set a goal and then keep monitoring them. If I think the market is being particularly irrational I may try something more adventurous, but I definitely stay away from weird shit that needs minute-by-minute updating (like GME or other WSBs). I read about Degiro and wanted to make an account, but it only supports the bigger countries in the EU, Bulgaria is not supported. Maybe I should make account on the UK version or if I can't, use a VPN? I still have to show them my ID, so I don't know if that's an option. I'll try again. I would also appreciate other suggestions please, thank you! I'll probably try eToro as well, but would also appreciate other suggestions! | ||
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LegalLord
United States13779 Posts
I suspect brokerage access is primarily limited by identifying information (SSN equivalent) and what banking systems they support. | ||
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RvB
Netherlands6277 Posts
Edit: eToro also uses CFDs instead of actual stocks in some cases. It's not the same. I wouldn't use them for long term investment. | ||
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raga4ka
Bulgaria5679 Posts
On February 04 2021 01:58 RvB wrote: Interactive brokers is probably the biggest and best. Revolut I've heard some bad things about but I don't remember exactly what. DeGiro is fine for buy and hold but bad for things like options. Depending on your country the big banks can also be competitive. The big banks in the Netherlands are cheaper than most brokers when you consider all costs including taxes. Edit: eToro also uses CFDs instead of actual stocks in some cases. It's not the same. I wouldn't use them for long term investment. Thanks, I'll look into Interactive brokers. This will maybe suite me. I'm still open to other suggestions, so every suggestion is much appreciated! I'm a noob, I've read a little about CFD, but I haven't comprehend it. What's the difference between CFD and actual stocks? | ||
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LegalLord
United States13779 Posts
Looks like you have several options and you should just pick one. The things I usually look at are range of investment services offered, stability of online services, cost of transferring off the broker, and risk of the service going belly up. Some people care about UIs and such, although I've come to value those previous items the most. | ||
[Phantom]
Mexico2170 Posts
They got the ball rolling, they made the snowball, but they were never the avalanche. They can and could hold all they wanted, but as soon as the general public, the casual inverstor, dropped, the stock was doing to drop. And it did. Now the winners of this mess? The hedge funds. I guess some waited, maybe had to pay some taxes, but now the stock is low, and it will get lower, and if they rebought at 300, which it seems they did, they actually made money. | ||
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cha0
Canada513 Posts
On February 04 2021 08:15 LegalLord wrote: To add to the "all brokers are bad" circle, Interactive Brokers did get a lot of heat for being just as bad as Robinhood in the GME issue. Looks like you have several options and you should just pick one. The things I usually look at are range of investment services offered, stability of online services, cost of transferring off the broker, and risk of the service going belly up. Some people care about UIs and such, although I've come to value those previous items the most. Just want to clear up a misconception that I've seen floating around quite a bit, probably further fueled by the horrible interview their CEO gave. As an IB user there was never a full restriction on any of the stocks. The restrictions IB placed were no new option purchases allowed, and a raise in margin requirements - 100% for long, 300% for short. I do think their restrictions were somewhat manipulative but not really the same ballpark as Robinhood since as long as you had the money in your account you could continue to buy the stock. | ||
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{CC}StealthBlue
United States41117 Posts
+ Show Spoiler + I still can't believe those in charge haven't decided to spread out in terms of different robots. Vacuuming, and Mopping is great but what else, they have to be aware other companies have such things. Whatever happened to that rumored lawn mowing robot, which would have been a jump ahead of other companies etc. Thousands of Engineers and Co. and if they plan to stick to just two types of robots then they can expect to see their stock continuing to decline. And said talent they employ will eventually seek challenges elsewhere. | ||
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RvB
Netherlands6277 Posts
On February 04 2021 03:36 raga4ka wrote: Thanks, I'll look into Interactive brokers. This will maybe suite me. I'm still open to other suggestions, so every suggestion is much appreciated! I'm a noob, I've read a little about CFD, but I haven't comprehend it. What's the difference between CFD and actual stocks? Without going into the details CFDs are financial derivatives. So you don't own the underlying asset they're based on. The same as options, futures etc. When you buy a stock you get the actual asset. So you own a part of the company of the stock you bought. GME is below 70$ now and wsb had really become a cult with all the newcomers. They don't realise they're holding the bag. The point of the short squeeze is to sell at the top but instead they're holding when it's dropping like a rock... | ||
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iPlaY.NettleS
Australia4419 Posts
On February 04 2021 09:05 [Phantom] wrote: WSB did a wild misscalculation (who would have thought). They got the ball rolling, they made the snowball, but they were never the avalanche. They can and could hold all they wanted, but as soon as the general public, the casual inverstor, dropped, the stock was doing to drop. And it did. Now the winners of this mess? The hedge funds. The date for the House financial services committee investigation into gamestop is February 18th - https://thehill.com/policy/technology/537253-robinhood-ceo-regulators-to-testify-at-house-hearing-on-gamestop-frenzy CEOs of Robinhood ,Reddit and they want the guy pretty much behind the whole thing u/deepfuckingvalue to be there also.You may say the hedge funds have won but honestly, they could win far more depending on what the committee does and how the media reports on it (Labelling u/deep... as a financial terrorist? I wouldn't put it past them). | ||
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LegalLord
United States13779 Posts
Robinhood is the pretty clear loser since this derailed their IPO something fierce. | ||
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RowdierBob
Australia13423 Posts
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evilfatsh1t
Australia8867 Posts
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LegalLord
United States13779 Posts
On February 05 2021 14:24 evilfatsh1t wrote: what happened to the wsb guy that had a 20m+ holding of gme during the squeeze? did he manage to cash anything out? or did he hold like an idiot and watch it go down again Still holding but I bet he's going to sell now. Not too worried for him since he's been in it since GME was actually cheap. | ||
KwarK
United States44012 Posts
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evilfatsh1t
Australia8867 Posts
On February 05 2021 14:45 KwarK wrote: He was “only” holding 50k shares and options on 50k more by the end. He started on closer to options on 450k shares but liquidated a lot of them for $13m cash. when did he liquidate the majority? so he did in fact cash out a large portion near the top? good for him | ||
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evilfatsh1t
Australia8867 Posts
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LegalLord
United States13779 Posts
No guarantee it won't go back up again either - I mean, look at bitcoin several years after it's "peak." | ||
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