I'm using both Degiro & Interactive Brokers, and I can say that even IBKR is better for many reasons.
Here are a few quick tips :
I personnaly don't like the mobile app compared to Degiro. I would advise trying the web app first.
Contrary to Degiro, you need to take care of currency conversion if you have EUR and wants to invest in USD
IBKR is paying you interest just to hold cash (you need above 100k USD and holdin USD pays more than EUR) : www.interactivebrokers.com/en…
Reporting is way better. You can benchmark your performance vs an index. Try PortfolioAnalyst on the top tab "Performance & Reports"
You can earn extra cash by lending shares. It's not much, but you need to optin to their Stock Yield Enhancement Program : www.interactivebrokers.com/en… (click on your name on the tap bar, then settings and you should see it on the page.
There are no free ETFs, but some are very low cost. You can use www.justetf.com to find them.
I was thinking about it but transfering positions is quite costly (around 100€ per position it seems) and I don't want to sell as I would have to pay taxes.
Anyway, I'm thinking having two brokers is probably not such a bad idea though it's not very practical
I'm using both Degiro & Interactive Brokers, and I can say that even IBKR is better for many reasons.
Here are a few quick tips :
I personnaly don't like the mobile app compared to Degiro. I would advise trying the web app first.
Contrary to Degiro, you need to take care of currency conversion if you have EUR and wants to invest in USD
IBKR is paying you interest just to hold cash (you need above 100k USD and holdin USD pays more than EUR) : www.interactivebrokers.com/en…
Reporting is way better. You can benchmark your performance vs an index. Try PortfolioAnalyst on the top tab "Performance & Reports"
You can earn extra cash by lending shares. It's not much, but you need to optin to their Stock Yield Enhancement Program : www.interactivebrokers.com/en… (click on your name on the tap bar, then settings and you should see it on the page.
There are no free ETFs, but some are very low cost. You can use www.justetf.com to find them.
Some examples :
S&P 500 (low fees)
SPYL / 0.03% / accumulating (EUR/USD)
S&P 500 (higher fees but larger fund)
SXR8 - 0.07% / accumulating (EUR)
Hope it helps a bit :)
Thank you very much!
Why do you keep using Degiro?
I was thinking about it but transfering positions is quite costly (around 100€ per position it seems) and I don't want to sell as I would have to pay taxes.
Anyway, I'm thinking having two brokers is probably not such a bad idea though it's not very practical
(and I choosed Degiro first because it was cheaper than IBKR at the time, which is not true anymore)
Makes sense, thanks again Romain 😀
I found the videos from this Spanish youtuber quite good, and he is also a certified financial advisor:
youtu.be/Yv_Mmf3QzkU?si=Lynw3…