r/DEGIRO • u/chrisace3 • 10d ago

DISCUSSION 🧠 Degiro commissions will increase more than double some commissions

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The new commissions are crazy

19 Upvotes

81% Upvoted

24 comments sorted by

7

u/silvetti 10d ago

Is there any change for someone who buys IWDA in Amsterdam?

7

u/rocketfinanceman 10d ago

yes, from my understanding you will start to pay 3€ monthly instead of 1€ :(

1

u/silvetti 9d ago

Monthly you mean if you buy? I’m not aware that I’m paying 1€ monthly just to hold it. Am I wrong??

8

u/Remarkable-Fox-1429 10d ago

IBKR it is then

4

u/This_ls_The_End 10d ago edited 4d ago

I could use a description of how to move an entire position from degiro to ibkr and how to estimate the cost of doing so. Do you have a link or video that explains that process?

Taking into account the costs of transfer or the taxes on selling and buying, I've decided to leave my Degiro position untouched and just send my monthly money to IBKR from now on.
Maybe I'll transfer everything in the future, if I discover a reason to do so.

5

u/chrisace3 10d ago

My country's treasury is going to kill me in taxes 😭

8

u/SadSpecialist3758 10d ago

Keep what you have there and start new transactions in the new broker you'd chose

3

u/trefbal 10d ago

You can move positions between brokers without selling

1

u/Remarkable-Fox-1429 10d ago

On degiro theny don't check you?

3

u/chrisace3 10d ago

Yes, but when you sell the ETF or change it you have to pay taxes

3

u/henriquecs 10d ago

Can you not change the ETF to another broker without selling it? It should be possible without having to pay taxes because you're not selling it

2

u/captain_andrey 10d ago

its like €70 per position to transfer.. sometimes taxes are better.

0

u/Remarkable-Fox-1429 10d ago

If you own it a 1y+ I think it's tax free ,you will to check your taxes how it works with selling

1

u/preladapt 3d ago

In ibkr you also pay 3€ for each transaction... I don't see a big advantage

7

u/GemmyBoy999 10d ago

If you're in Belgium, MeDirect just recently removed all costs on buying ETFs. Plus they do all taxes for you. Can't get cheaper than €0.

2

u/SpeedLinkDJ 10d ago

Really? I might do the switch then.

2

u/rednal4451 10d ago

I asked to transfer my portfolio 2 days ago (it takes up to 7 working days, apparently). I want everything at one place, and will change every few years from ETF and/or broker, so that I can force myself some kind of LIFO at retirement.

1

u/Reasonable_Big5177 10d ago

Really? :D
Can i have more information?
Can i switch everything up?

1

u/Emotional-Pen144 8d ago

Interesting, fees for this?

3

u/Stock_Bug_6877 10d ago

But as I understand it they lower it for more ETFs and just change the Exchange?! So you can continue with the same fees

1

u/zt4t1c 10d ago

Only on tradegate if I understand correctly

-6

u/ochgerm 10d ago

nd just change the Exchange?!

Tradegate is owned by FlatEx DeGiro. So they control the spread; you'll probably pay the difference that way.

6

u/Stock_Bug_6877 10d ago

No that’s not true, Tradegate is an independent company even with their own broker = competitor! 😂

3

u/New-Power6951 10d ago

This is not true.

Shareholder structure Tradegate AG:

  • Berliner Effektengesellschaft AG: 56.57%
  • Deutsche Börse AG: 19.99%
  • BNP Paribas: 19.62%
  • Freefloat: 3.82%

Source: https://www.tradegate.ag/en/investor-relations/company-information