Which one of the two do you like better? 🇪🇺 Interactive Brokers: angelo.fi/ibkr 🇪🇺 Degiro: angelo.fi/degiro 👉Compare ETFs & Stocks: angelo.fi/analyze 📈Where I track my ETFs: angelo.fi/getquin
8:59 You said that IBKR is not lending your securities, but IBKR UK is lending your shares without notifying you even if you have normal cash type account. It is valid information from: "Interactive Brokers (U.K.) Limited and Interactive Brokers LLC Client Agreement" created at 04/03/2023: Page 28. Section C3.1.1: "You consent to IBLLC and its Affiliates undertaking, or otherwise engaging in, stock lending activity and the lending of your collateral, securities or other property (including, but not limited to, safe custody investments) including, but not limited to, using your collateral, securities or other property for their own accounts or for the accounts of other clients, and lending, either to themselves, to their Affiliates, or to others, any of your collateral, securities and other property held by IBLLC in your IBUK Accounts." It is section of "Universal Account" so any account in IBKR UK. If I got something wrong feel free to comment.
You said that IBKR is not lending your securities, but IBKR UK is lending your shares without notifying you even if you have normal cash type account. It is valid information from: "Interactive Brokers (U.K.) Limited and Interactive Brokers LLC Client Agreement" created at 04/03/2023: Page 28. Section C3.1.1: "You consent to IBLLC and its Affiliates undertaking, or otherwise engaging in, stock lending activity and the lending of your collateral" It is section of "Universal Account" so any account in IBKR UK. If I got something wrong feel free to comment.
I like IBKR better than De Giro but only because of the research button with information, also from Morningstar and Lipps evaluation. But you have to set IBKR in dark mode. The light mode is very stressfull on your eyes due to the mediocre lay out. De Giro is much more user friendly and has a nice clean presentation.
Hi Angelo, I found you just recently but am so glad someone is making content for european investor. Your videos helped me so much with buying etfs and p2p lending
Hi. Great video. I prefer IBKR. Please speak a little louder and clearer, I tried slowing down the speed, but it still is a little hard for me with my bad English to understand you well. Thank you very much for the info.
Ho appena scoperto il tuo canale ed è esattamente quello che stavo cercando! Ti ringrazio molto per gli ottimi contenuti super informativi e utilissimi. P.s non ti scrivo in inglese perché ho dato per scontato che anche tu sia italiano :) Un caro saluto!
My pleasure Sergei! I think if you're based in Switzerland it's even more of a no-brainer to go with IB. My friend Giorgio (Mr Rip on CZcams) has his >1 million CHF portfolio there as well.
I just want to mention that de Giro is one of the few brokers in the Netherlands that offers a pension blocked account. Very useful when you otherwise are forced to buy an insurance plan at very bad conditions for your pension money and you dont need a monthly allowance right away.. in the Netherlands you can keep it 5 years max on the blocked pension account from the Giro.
@@tanokiller23 Its a situation in the Netherlands, I don't know about other countries. We can get our retirement money out now but then we lose 50% of the money on taxes. As long as the money was destined for retirement they were exempt of taxes because the government wants you to save money for your retirement, so you will not rely on (extra) social security. Then we are left with two other options: buy an expensive insurance plan with a low monthly payment for as long as you live or put your money on a blocked bankaccount (with low interest rate) or put your money on a blocked broker account, always for the maximum of 5 years. De Giro is the only broker that I know of that offers a blocked pension account. I hope to have some gain with stocks the next 5 years.
Transferred my portfolio from degiro to IBKR a year ago. It was a mess, paper forms, insane fees, degiro really made it as annoying as possible to get away from them. But worth it. Another bonus for IBKR I find is the total lack of gameification. Yes, the interface isn't intuitive, but I see it as a benefit, because tipsy me won't just jump onto some meme stock because it's too complicated.
Oh, was thinking last couple of days about the same (going from Degiro to IBKR), now worried a lot - what you mean by insane fees? I have there 6 products (although in large number of shares) all ETFs
Hi Angelo, thank you for the video, very insightful and documented. What would you recommend for someone with residence in the Netherlands and willing to invest in ETFs (EUR)? Is Degiro a better option, maybe less tax declarations (?) or still IBKR?
Hi Angelo, I think it’s worth mentioning that most recently IB has implemented a rule whereby they decide how allocate accounts between their different EU entities. As a Polish tax resident, I would be automatically moved to their Entity in Hungary (IB Central Europe). I’m not comfortable leaving my life economies with an entity regulated by Orban’s Government…
Hi Paul, that's because the IB founder is originally from Hungary. However I can't see them risking their reputation and not moving clients to a subsidiary in another country if assets would ever be at risk in Hungary. Just like they moved clients from UK to IE and HU after Brexit. Their actual business revenue that comes from Hungary is likely much less than 1%, so in my opinion it's not worth worrying about.
Hi Angelo, if you extend your Excel spreadsheet with calculations to trades > 65000, the tiered pricing scheme becomes more beneficial than the fixed one.
How is tax handling if I use interactive broker being in Germany? Do interactive brokers generate yearly tax reports that can used to report tax easily myself?
Hi, thanks for all your videos. I'm hesitant to open an account with IB because after a little research, I learned that French residents will have their account with IB Ireland with a compensation scheme up to 20000€ "only"
Thanks for video :) I've just made an account on IB. I also use XTB, they have 0 fees and a simple interface, but I choose to have IB for diversification
To me the clear winner in Interactive Brokers, also I found the customer support form Degiro to be bad. They also don't allow you to pay in or out of your account using Wise bank and I think Revolut too
@@AngeloColomboFi I know! I deposited 4 thousand euro using WISE and it didn't go into my account. I contacted them and they said they do not accept money from a WISE acount. It then took me 1 year to get them to return the money!!!!! I can send you some of the emails if you don't believe me. It was crazy !!!!
Wow, that's insane! Actually, I'd love to see their excuse for doing something like that, can you send me some of their responses to youtube@p2pinvesting.eu ? Thank you for sharing that.
It may be that I missed it but you might have overlooked one very important component where Degiro is just plain superiod. We are only considering the buy side for now. fine, makes sense. however, Degiro also only charges a 1-3€ fixed sale cost at this point. Either way, Interactive brokers is considerably more expensive here as you will have accumulated a considerably bigger portfolio at the point you want to cash out. Then the cashing out becomes quite expensive compared. consequently, the difference between the two in terms of price is marginal.
Did you factor in these points on Degiro? - yearly 2.5€ exchange connectivity fee for each exchange - currency exchange fees & spread for each dividend that needs to be converted to EUR - your shares are lent out, with no option to disable this and you not earning a penny from it - transferring stocks or ETFs from Degiro to another broker is ridiculously expensive, while it's free on IBKR (experienced this first-hand)
What about taxes? For a Digero account you have to manually register 2 account numbers one in the Netherlands and one in Germany. You also have to make sure to tell the tax agency what your doing every year via the yearly tax administration… it is more complex then it seems.
Hi Angelo, Thanks for the videos I really appreciate the straight forward information. I am just getting into long term investing and want to ask, do you use IB-IE or IB-CE? I have read online that IB-IE only protections up to 20k Euro in case of bankruptcy, whereas IB-CE protects up to 100K Euro? Thanks!
Nice vid Angelo! Where can i learn about the exchanged? I am always buying from London St Exch but never asked myself why. What are the differences between echanges for buying ucits etfs?
Hi Angelo, great work on thje channel. I have a quick question regarding IB for us Europeans. Should we be subcrsibing to Market Data? and if so, which ones do we need? All I do is invest in the VWCE once per month. Also, I noticed that in your videos you buy full shares and leave money in the account rather than buy fractional shares. Is there a reason why you don´t buy fractional shares? I want to just make a recurring order of 250€ per month to begin with. Keep up the fantastic work!
No need, I've never paid for market data anywhere. Unless you're a professional trader, there's no need to waste money on something like that. Until recently fractional shares weren't available on IB for VWCE, but luckily that seems to have changed - at least as far as recurring investments go (haven't tested direct purchases yet with fractions). I was able to buy 11,85 VWCE shares using the feature yesterday :) Thank you!
Super informative video, thank you! One question... Do I have to pay the +-1.35e fee on IB for dollar cost averaging? Like if I add a certain amount of money every month, am I going to have to pay the fee every time? Thanks in advance for the answer!
I use Cap trader. I thought its the same as Interactive brokers. But its not. Cap trader has no IBKR pricing plan. This is the section where you set tiered or fixed fee. Its shoud be under Settings > Account Configuration > IBKR Pricing Plan but it looks like Captrader has no IBKR Pricing Plan.
Degiro charts and the indicators available are close to none, however its close to impossible to open an account in IB because they have a brutal waiting line
Před rokem+1
Hi Angelo, Would you leave currency conversion up to Interactive Brokers or you would use Revolut for that?
Have to say I've been using Degiro for a few years investing in MSCI all-world so no real problems there. The rest of the site is clunky and I've heard it isn't the best for selling options. I don't have enough money to sell puts at the moment but hopefully at some point! IB also come highly recommended though so maybe I'll open an acct there and see how it is.
Thx a lot Angelo for this awesome video, i was struggling so hard to understand the fees on Interactive broker(Degiro not avaiable in latvia) now i know which broker to choose.
What do you mean by Degiro is not available in Latvia? Do you mean something related to tax reporting? I am from Latvia and I have just registered my account. Select Ireland for English. It is actually a language selection, not residence selection. Then you provide your actual address in Latvia . And they require a utility bill as a proof of residence. It took me 2 weeks to get it approved.
Hi Angelo! I'm also an Austrian tax resident and I have just bought my first shares of the Vanguard FTSE All-World UCITS ETF (USD) Accumulating on Interactive Brokers. After doing a bit of research, the dividends of the accumulating ETFs are also taxed here in Austria and I'm responsible for letting the tax authority know about it. Is this fairly simple with Interactive Brokers or would you just recommend going with Flatex instead? My strategy is long term and I would like to put some extra money in the ETF here and there. I prefer to do it myself instead of a savings plan. Thank you for the great content!
Hi Marko, I'd go with Flatex in your case: p2p.yt/flatex If you set up a savings plan it's 1,5€ for each purchase. That way you also avoid dealing with the ridiculously stupid system we have in Austria for how funds/ETFs are taxed. It's not as simple as "dividends are taxed", you simply have to follow these "Jahresmeldungen" once per year: my.oekb.at/kapitalmarkt-services/kms-output/fonds-info/sd/af/m?isin=IE00BK5BQT80&stmId=343275 The Acc. Vanguard FTSE AW has some of the lowest taxation in Austria though, so you already made the right choice there! I'm taxing all these manually already on a yearly basis as I have several brokerage accounts across Europe (also to be able to find/recommend the best ones for my audience), but for you I don't think the extra work is worth it.
Hi Angelo! You are doing a great job. Is Degiro available for buying ETFs in Austria, because here in Greece where I am based, the KID is still not available in our language, hence we cannot buy them anymore.
Hello Angelo, great video. My question is about people from non-EU European countries - Serbia, Bosnia etc. Which affiliate of IKBR should we choose? The Irish one (.ie) or the central European / Hungarian one (.hu) ? Thanks.
Hi Angelo! I would really appreciate a video explaining how to properly use Flatex. I am based in Austria so according to previous videos, I think it’s the best broker in my case.
Yes, it's by far the easiest option if you're based in Austria, as they take care of all the tax stuff. Maybe this will help for now: czcams.com/video/_Dpv7fE1OJA/video.html (minute 9:54)
Hi Angelo! Thank you for taking the time to make this comparison as it's quite eye opening when it comes to the fees. As you probably saw I was quite curious why the sudden change in your main brokerage over the past few months and this explains it well. It would be really cool to have the ability to buy fractional shares with IB! Do you know if IB has any big fees for converting currency when buying shares? (i.e. buying VWRL with a different currency than euros) Asking this because on Degiro they take like 0.25% for exchanging currency which adds up to the fees. 😕
Hi Angelo, I really like your videos! I don't understand the difference between VWCE and VWRL. Both are VAN FTSE AW. Which one should I go for a long term investment? Thank you so much!
Hey Angelo, this is by far best content I hae seen on the topic :) Quick question: Does Degiro & Interactive brokers offer DRIP? It seems Degiro does not offer this option. Your video indicates that reinvestments is possible with Degiro, this is a bit confusing can you please clarify this? :) Thanks!
I'm very happy to hear that! As far as I know, neither of the two offers DRIP (IB does in the US, but not in Europe if I'm not mistaken). So you would have to reinvest dividends manually.
Thank you for the video! What do you think about XTB? I think it's quite popular in Spain for its 0% commission for ETFs. But as you didn't talk about it (good or bad) in the video of 2 years ago where you compare a lot of brokers, I wonder if there's something we should know about it.
Hi Angelo, thank you for another great video. Have you heard about recent news for Degiro regarding the audit by Bafin and their concern about deficits in business? Degiro’s stock price dropped 37% after that. Should we be concerned about this?
Does anyone has experience in having a custodial account to invest in ETFs for their children? I would love some guidance here on what are the best options in Europe.
Thank you for this video. Do you have any opinion on the current changes due to new Priip regulations? In some countries including mine (GR) we cannot buy very well known etfs anymore (VUSA for example from DEGIRO)
For someone who lives in Austria, how do you manage with taxes when exchanging in IB. I thought there is only one option which is Flatex? Thank you very much!
I'm not your average Austrian investor. I'm self-employed (thus need to file taxes anyway) and additionally this finance CZcams channel is targeted towards all of Europe. As a result, I need to have first-hand experience as an investor with low-cost brokers that are able to serve most of the people watching. While the tax reports on IB are useful (especially if you're investing in single stocks), they don't include everything you need to declare for ETFs on a yearly basis in Austria. That part is a lot more complicated, so I would honestly stick to Flatex. I explained Austrian taxes in more detail here: czcams.com/video/s_UK3n1PVHs/video.html
Hi, Angelo. Great Video! Can you kindly elaborate on the "delayed data" on Interactive Brokers? When I try to follow your video and place a Buy order I have this delayed data icon, which you do not seem to have and it appears that if you wish to see real-time prices you need to subscribe to it. I don't know if this is related to the fact that I also see on the "Preview" that the fee transaction is between 1.31 and 35 Euros (namely 1% of the investment). How come it is that expensive? I live in German and the max fees should be 29 Euros. it seems that the high max fees are appearing only when I am buying fractional shares of VWCE as opposed to not. are you familiar with that? Is that true or am I missing something? Thanks
sorry if you have already answered this. Why do you invest in a dollar based fund? Clearly this presents an added risk when you are paying in euros. obviously the fund has to buy stocks in all sorts of currencies, so it maybe that this is the obvious choice, can you just confirm please?
The fund is traded directly in euros and the fund currency itself is irrelevant, as it has zero influence over the value of the stocks within (in all of their respective global currencies). You would have identical returns if the fund currency was EUR, JPY, CHF or anything else. It's most likely USD since that's the most common currency for the stocks that are held (US stocks make up around 60% of VWCE).
Which one of the two do you prefer? 🇪🇺Interactive Brokers (ETFs): angelo.fi/ibk 🇪🇺Degiro (ETFs): angelo.fi/de 🇦🇹🇩🇪Germany & Austria only (ETFs): angelo.fi/atde 🏠All my investments (incl. p2p lending): p2pinvesting.eu/investor-toolkit
Hi Angelo been watchin your vlog .Just wanna ask how you invest in Euro like example I want to invest in Tesla, Apple, Nvidia..etc . Do i need to convert euro to USD dollar?
I've been following your channel which I find very informative. After many study, I finally bought my first ETF at IBK, but I've noticed something much different than you. I paid 3€ in fees for that single order. I found it a bit strange. Do you have any idea why that happened? Thank you very much for all the help and precious information provided in your video.
Sounds like you're using fixed pricing instead of tiered (mentioned this in the video as well) - make sure you switch and wait 48 hours, then you should be paying 1.25€
@@AngeloColomboFi you are totally right. I thought I had chosen the tiered pricing when creating the account, but it seems I didn't. Thank you very much for your prompt answer and please keep growing this channel. Amazing content!
I don't know what is the difference between these platforms and trading212 I did try them, but I never put much research into them. Just out couple hundreds on INTEL for 1-2 years. The only country that have Vanguard in the Europe is the UK?
Thanks for the comparisons. I was surprised by the hidden fees in Degiro, like conversion fees. I was just wondering, if you're a fiscal resident in one country in the EU and then change to another country, what would happen tax-wise when you sell? I only have cumulative ETFs and a few stocks so no dividends to worry about.
My pleasure! It probably depends on the tax laws in the two countries, worst case scenario would be the previous country asking for taxes on unrealized profits on the date when you leave.
Hi Angelo, this video is very informative, thanks. Do you know what is the insured amount with both brokers(in case of bancruptcy). As far as I know flatex insure up to 100k€ due to their banking license, is it the same with IBKR?
That's the deposit guarantee, which is only relevant for the cash you hold on your account. Assets (stocks, ETFs, bonds) are held separately from the broker's assets, exclusively in your name. They can thus be transferred to another broker in case Flatex or IB were to ever go bankrupt - no matter the amount. It's one of the reasons why I prefer brokers that don't lend out shares (lent out shares aren't properly segregated).
I always thought ETFs are the one for the retired people, it's realiable yeah but the growth is very slow. Could you please answer me, if you are moving to IB anyways why don't yu actively invest and trade on Stocks ?
Hello Angelo, How exactly did you manage to set-up Revolut withdrawal account? It’s simply not recognisable as a bank account from IBKR, so I guess not possible, correct?
Hi Angelo, i’m avid viewers of yours and thank you for the wonderful insight. Is there any trading platform where European residence can do day trading aside from IBKR? Also, does PDT applies to all European residents under IBKR platform for active day trader?
Great comparison, thanks! Are you sure IBKR has fractional shares for the ETF you are showcasing? It says the amount will be rounded up to whole shares. I found that to be the case for many EU ETFs
Hi Angelo, is it possible to transfer my shares from EToro to interactive broker? If I pledge those shares can I use those margin money for trading (selling options or leaps)?
Hi Angelo, In my portfolio I have VUAA and VWCE ETFs. As they are in Euro and bought in EU, I am wondering can I transfer my IBKR account to USA with these ETFs? Unfortunately IBKR has no clear information on this matter and transfer investments between US and EU is so tricky.
Hi Angelo. Thank you for your videos. I tried to place an order at VWCE for 3 000 EUR (tiered pricing plan, account type cash). The fee is not 1.25 EUR but around 30 euros. Could you please give me any hints why the fee is so high? Thank you.
Hi Angelo, great content! I have a question, I'm just starting investing. I have about 30.000€ to invest, should I buy ETF's in one shot or spread it over a couple of months?
That's up to you, since I can't see the future I'm sadly unable to tell you what leads to in better returns :) Statistically, the sooner the better, but this could also be an option: 10k now and 5k each over the next 4 months for example.
at a first glance XTB seems better (especially for stocks) since it has zero fees and commissions - but I'm not sure about the hidden fees though (such as the spread and currency conversions) - How can we compare these hidden fees amongst brokers?
IBKR makes money by payment for orderflow, right. Apparently this not allowed in the EU so i can understand that degiro has the lending as business model. A broker has to make money, one way or the other.
Hi Angelo! What about bank transfer fees on IBKR? When depositing fees from a bank, the platform says "generally fees do apply". Are these important fees to take into account? (Note: my bank is based in NL and I opened an account in IB Ireland)
As long as you transfer to IB's IBAN, there are of course no transfer fees - unless your own bank charges for transfers within Europe? But I find that very unlikely :)
Hi Angelo, First of all, thank you for your great work! helps a lot for beginners. I have a question. In Degiro, we get annual investment statements, which we need during annual tax declaration. Same statement is not provided by IBKR, if I understood correct. How do we get this statement from IBKR for tax declarations? I live in Italy and I need to understand how to proceed, or which one to opt for. Thank you
You should be able to find/download it for each year under Performance & Reports - Statements - Tax on IBKR. Under Statements you can download annual activity statements as well, which contains a lot more information.
Hi Angelo. Again, all the best to you and thanks for the content. Can you please trade with option on individual us stock within IBKR European account? Thx
Hi Jan, you're very welcome! I'm not sure I get the question fully. Are you asking if you can trade options on IB? I think so, but I have no experience with it
Greetings sir, I just made my firs deposit to test and open account 5 Eur. But after 10 days > I noticed that there is now 4.99 Eur I'm a bit scared? Where my cent is gone? Is that means they charge inactive fees? PS:. I'm talking about Interactive Brokers (IB)
Which one of the two do you like better?
🇪🇺 Interactive Brokers: angelo.fi/ibkr
🇪🇺 Degiro: angelo.fi/degiro
👉Compare ETFs & Stocks: angelo.fi/analyze
📈Where I track my ETFs: angelo.fi/getquin
8:59 You said that IBKR is not lending your securities, but IBKR UK is lending your shares without notifying you even if you have normal cash type account.
It is valid information from:
"Interactive Brokers (U.K.) Limited and Interactive Brokers LLC Client Agreement"
created at 04/03/2023:
Page 28. Section C3.1.1:
"You consent to IBLLC and its Affiliates undertaking, or otherwise engaging in, stock lending activity and the lending of your
collateral, securities or other property (including, but not limited to, safe custody investments) including, but not limited to,
using your collateral, securities or other property for their own accounts or for the accounts of other clients, and lending,
either to themselves, to their Affiliates, or to others, any of your collateral, securities and other property held by IBLLC in
your IBUK Accounts."
It is section of "Universal Account" so any account in IBKR UK. If I got something wrong feel free to comment.
You said that IBKR is not lending your securities, but IBKR UK is lending your shares without notifying you even if you have normal cash type account.
It is valid information from:
"Interactive Brokers (U.K.) Limited and Interactive Brokers LLC Client Agreement"
created at 04/03/2023:
Page 28. Section C3.1.1:
"You consent to IBLLC and its Affiliates undertaking, or otherwise engaging in, stock lending activity and the lending of your
collateral"
It is section of "Universal Account" so any account in IBKR UK. If I got something wrong feel free to comment.
I like IBKR better than De Giro but only because of the research button with information, also from Morningstar and Lipps evaluation. But you have to set IBKR
in dark mode. The light mode is very stressfull on your eyes due to the mediocre lay out. De Giro is much more user friendly and has a nice clean presentation.
Can’t stop recomending your channel to friends.
Keep going 🙌🙌🙌
Thank you Pedro, that means a lot! 🙏
Hi Angelo, I found you just recently but am so glad someone is making content for european investor. Your videos helped me so much with buying etfs and p2p lending
Thank you, means a lot! Sure: angelo.fi/ibtieredvsfixed
It's also in the video description :)
Hi. Great video. I prefer IBKR. Please speak a little louder and clearer, I tried slowing down the speed, but it still is a little hard for me with my bad English to understand you well. Thank you very much for the info.
Thank you Manos! Appreciate the feedback, I'll try to improve!
Ho appena scoperto il tuo canale ed è esattamente quello che stavo cercando! Ti ringrazio molto per gli ottimi contenuti super informativi e utilissimi.
P.s non ti scrivo in inglese perché ho dato per scontato che anche tu sia italiano :)
Un caro saluto!
Grazie, mi fa molto piacere! :)
Just missing one point on the analysis. The cost to transfer the portfolio, which is a critical aspect to take into account!
Good comparison, very small differences indeed, I think I will stick with Degiro since I am also from the Netherlands
Thank you Danté! Nothing wrong with that!
Me too and I'm from Spain, how do you see the fees? Are that bad?
Very good work on this video. 👍 Thank you and good luck, Angelo.
Thank you, it was a ton of work! 😅
Good luck to you as well! 🙏
Thanks for your videos! Currently i'm on degiro and for every transaction they take ~5.- CHF. I think move to IB
My pleasure Sergei! I think if you're based in Switzerland it's even more of a no-brainer to go with IB. My friend Giorgio (Mr Rip on CZcams) has his >1 million CHF portfolio there as well.
I just want to mention that de Giro is one of the few brokers in the Netherlands that offers a pension blocked account. Very useful when you otherwise are forced to buy an insurance plan at very bad conditions for your pension money and you dont need a monthly allowance right away.. in the Netherlands you can keep it 5 years max on the blocked pension account from the Giro.
How does this actually works? Do you have more details? I guess you cannot touch those money until you retire
@@tanokiller23 Its a situation in the Netherlands, I don't know about other countries. We can get our retirement money out now but then we lose 50% of the money on taxes. As long as the money was destined for retirement they were exempt of taxes because the government wants you to save money for your retirement, so you will not rely on (extra) social security. Then we are left with two other options: buy an expensive insurance plan with a low monthly payment for as long as you live or put your money on a blocked bankaccount (with low interest rate) or put your money on a blocked broker account, always for the maximum of 5 years. De Giro is the only broker that I know of that offers a blocked pension account. I hope to have some gain with stocks the next 5 years.
You are amazing. Its exactly what I was hoping for to find. Please continue making these videos!!!
Thank you!
Transferred my portfolio from degiro to IBKR a year ago. It was a mess, paper forms, insane fees, degiro really made it as annoying as possible to get away from them. But worth it. Another bonus for IBKR I find is the total lack of gameification. Yes, the interface isn't intuitive, but I see it as a benefit, because tipsy me won't just jump onto some meme stock because it's too complicated.
Oh, was thinking last couple of days about the same (going from Degiro to IBKR), now worried a lot - what you mean by insane fees? I have there 6 products (although in large number of shares) all ETFs
Hi Angelo, thank you for the video, very insightful and documented. What would you recommend for someone with residence in the Netherlands and willing to invest in ETFs (EUR)? Is Degiro a better option, maybe less tax declarations (?) or still IBKR?
Hello! I have the same question. Did you got any clarification l?
Hi Angelo, I think it’s worth mentioning that most recently IB has implemented a rule whereby they decide how allocate accounts between their different EU entities. As a Polish tax resident, I would be automatically moved to their Entity in Hungary (IB Central Europe). I’m not comfortable leaving my life economies with an entity regulated by Orban’s Government…
Hi Paul, that's because the IB founder is originally from Hungary. However I can't see them risking their reputation and not moving clients to a subsidiary in another country if assets would ever be at risk in Hungary. Just like they moved clients from UK to IE and HU after Brexit. Their actual business revenue that comes from Hungary is likely much less than 1%, so in my opinion it's not worth worrying about.
Hello Paul i live in Poland, am not Polish tho, what did you chooce at the end? Degiro or IB?
@@lovingchess3224 same here, what you've chosen?
Hi Angelo, if you extend your Excel spreadsheet with calculations to trades > 65000, the tiered pricing scheme becomes more beneficial than the fixed one.
How is tax handling if I use interactive broker being in Germany?
Do interactive brokers generate yearly tax reports that can used to report tax easily myself?
Hey Angelo! Thank you for the video! Here, in Greece the most advertised platform is freedom 24. What's your opinion?
Thanks for the video Angelo.
Hi, thanks for all your videos. I'm hesitant to open an account with IB because after a little research, I learned that French residents will have their account with IB Ireland with a compensation scheme up to 20000€ "only"
Thanks for video :) I've just made an account on IB. I also use XTB, they have 0 fees and a simple interface, but I choose to have IB for diversification
You are very welcome Andrei!🙏
To me the clear winner in Interactive Brokers, also I found the customer support form Degiro to be bad. They also don't allow you to pay in or out of your account using Wise bank and I think Revolut too
Crazy, it makes no sense for them to block what banks you're allowed to use.
@@AngeloColomboFi I know! I deposited 4 thousand euro using WISE and it didn't go into my account. I contacted them and they said they do not accept money from a WISE acount. It then took me 1 year to get them to return the money!!!!! I can send you some of the emails if you don't believe me. It was crazy !!!!
Wow, that's insane! Actually, I'd love to see their excuse for doing something like that, can you send me some of their responses to youtube@p2pinvesting.eu ? Thank you for sharing that.
It may be that I missed it but you might have overlooked one very important component where Degiro is just plain superiod. We are only considering the buy side for now. fine, makes sense. however, Degiro also only charges a 1-3€ fixed sale cost at this point. Either way, Interactive brokers is considerably more expensive here as you will have accumulated a considerably bigger portfolio at the point you want to cash out. Then the cashing out becomes quite expensive compared. consequently, the difference between the two in terms of price is marginal.
Did you factor in these points on Degiro?
- yearly 2.5€ exchange connectivity fee for each exchange
- currency exchange fees & spread for each dividend that needs to be converted to EUR
- your shares are lent out, with no option to disable this and you not earning a penny from it
- transferring stocks or ETFs from Degiro to another broker is ridiculously expensive, while it's free on IBKR (experienced this first-hand)
Thank you for the work you do!
What about taxes? For a Digero account you have to manually register 2 account numbers one in the Netherlands and one in Germany. You also have to make sure to tell the tax agency what your doing every year via the yearly tax administration… it is more complex then it seems.
Hi Angelo, Thanks for the videos I really appreciate the straight forward information. I am just getting into long term investing and want to ask, do you use IB-IE or IB-CE? I have read online that IB-IE only protections up to 20k Euro in case of bankruptcy, whereas IB-CE protects up to 100K Euro? Thanks!
Thank you for the intresting comparison and the fees file.
You're very welcome Ivan!
thank you for amazing info and insight and transparichy you are amazing.
Awesome , just what I was looking for ❤
kick a$$ video man! got a follower and supporter!
Thank you! 🙏
Thank you very much, very useful 👍🏼
Angelo, you are truely amazing!
Amazing video, Angelo! I am looking for another broker and will definitely use your link for interactive brokers 💪
Thank you, I really appreciate it! 🙏
Nice vid Angelo! Where can i learn about the exchanged? I am always buying from London St Exch but never asked myself why. What are the differences between echanges for buying ucits etfs?
Very good video! Thank you very much 🙂
Hi Angelo, great work on thje channel. I have a quick question regarding IB for us Europeans. Should we be subcrsibing to Market Data? and if so, which ones do we need? All I do is invest in the VWCE once per month. Also, I noticed that in your videos you buy full shares and leave money in the account rather than buy fractional shares. Is there a reason why you don´t buy fractional shares? I want to just make a recurring order of 250€ per month to begin with. Keep up the fantastic work!
No need, I've never paid for market data anywhere. Unless you're a professional trader, there's no need to waste money on something like that. Until recently fractional shares weren't available on IB for VWCE, but luckily that seems to have changed - at least as far as recurring investments go (haven't tested direct purchases yet with fractions). I was able to buy 11,85 VWCE shares using the feature yesterday :)
Thank you!
@@AngeloColomboFi many thanks for your advice Angelo
Super informative video, thank you! One question... Do I have to pay the +-1.35e fee on IB for dollar cost averaging? Like if I add a certain amount of money every month, am I going to have to pay the fee every time? Thanks in advance for the answer!
Good fresh morning from Austria
Good morning!
I use Cap trader. I thought its the same as Interactive brokers. But its not. Cap trader has no IBKR pricing plan. This is the section where you set tiered or fixed fee. Its shoud be under Settings > Account Configuration > IBKR Pricing Plan but it looks like Captrader has no IBKR Pricing Plan.
Degiro charts and the indicators available are close to none, however its close to impossible to open an account in IB because they have a brutal waiting line
Hi Angelo,
Would you leave currency conversion up to Interactive Brokers or you would use Revolut for that?
Have to say I've been using Degiro for a few years investing in MSCI all-world so no real problems there. The rest of the site is clunky and I've heard it isn't the best for selling options. I don't have enough money to sell puts at the moment but hopefully at some point! IB also come highly recommended though so maybe I'll open an acct there and see how it is.
If you're happy there's no need to switch. Then again, it's nice to have several options :)
Thx a lot Angelo for this awesome video, i was struggling so hard to understand the fees on Interactive broker(Degiro not avaiable in latvia) now i know which broker to choose.
What do you mean by Degiro is not available in Latvia? Do you mean something related to tax reporting? I am from Latvia and I have just registered my account. Select Ireland for English. It is actually a language selection, not residence selection. Then you provide your actual address in Latvia . And they require a utility bill as a proof of residence. It took me 2 weeks to get it approved.
Hi Angelo! I'm also an Austrian tax resident and I have just bought my first shares of the Vanguard FTSE All-World UCITS ETF (USD) Accumulating on Interactive Brokers. After doing a bit of research, the dividends of the accumulating ETFs are also taxed here in Austria and I'm responsible for letting the tax authority know about it. Is this fairly simple with Interactive Brokers or would you just recommend going with Flatex instead? My strategy is long term and I would like to put some extra money in the ETF here and there. I prefer to do it myself instead of a savings plan. Thank you for the great content!
Hi Marko, I'd go with Flatex in your case: p2p.yt/flatex
If you set up a savings plan it's 1,5€ for each purchase.
That way you also avoid dealing with the ridiculously stupid system we have in Austria for how funds/ETFs are taxed. It's not as simple as "dividends are taxed", you simply have to follow these "Jahresmeldungen" once per year: my.oekb.at/kapitalmarkt-services/kms-output/fonds-info/sd/af/m?isin=IE00BK5BQT80&stmId=343275
The Acc. Vanguard FTSE AW has some of the lowest taxation in Austria though, so you already made the right choice there!
I'm taxing all these manually already on a yearly basis as I have several brokerage accounts across Europe (also to be able to find/recommend the best ones for my audience), but for you I don't think the extra work is worth it.
Hi Angelo! You are doing a great job. Is Degiro available for buying ETFs in Austria, because here in Greece where I am based, the KID is still not available in our language, hence we cannot buy them anymore.
Thank you Giorgios! No, Degiro Austria closed down and moved to Flatex. Why not just use Interactive Brokers? angelo.fi/ibkr
Hello Angelo, great video. My question is about people from non-EU European countries - Serbia, Bosnia etc. Which affiliate of IKBR should we choose? The Irish one (.ie) or the central European / Hungarian one (.hu) ? Thanks.
Thanks for the overview. I was wondering what is your opinion about XTB broker.
Hi Angelo! I would really appreciate a video explaining how to properly use Flatex. I am based in Austria so according to previous videos, I think it’s the best broker in my case.
Yes, it's by far the easiest option if you're based in Austria, as they take care of all the tax stuff. Maybe this will help for now: czcams.com/video/_Dpv7fE1OJA/video.html (minute 9:54)
Very good video!
Hi Angelo! Thank you for taking the time to make this comparison as it's quite eye opening when it comes to the fees.
As you probably saw I was quite curious why the sudden change in your main brokerage over the past few months and this explains it well.
It would be really cool to have the ability to buy fractional shares with IB!
Do you know if IB has any big fees for converting currency when buying shares? (i.e. buying VWRL with a different currency than euros)
Asking this because on Degiro they take like 0.25% for exchanging currency which adds up to the fees. 😕
Should be $2 flat on IBKR up to 100k.
Hi Angelo, I really like your videos!
I don't understand the difference between VWCE and VWRL. Both are VAN FTSE AW. Which one should I go for a long term investment? Thank you so much!
Hey Angelo, this is by far best content I hae seen on the topic :) Quick question: Does Degiro & Interactive brokers offer DRIP? It seems Degiro does not offer this option. Your video indicates that reinvestments is possible with Degiro, this is a bit confusing can you please clarify this? :) Thanks!
I'm very happy to hear that! As far as I know, neither of the two offers DRIP (IB does in the US, but not in Europe if I'm not mistaken). So you would have to reinvest dividends manually.
If you take accumulating ETFs, dividends would be reflected in the share price, right?
Hi Angelo, really well done. Are you currently paying for market data on your IBKR or you are simply using the delayed once?
Thank you! I'm simply using what IB offers for free. I'm not a professional trader and I find that's more than good enough for me :)
@@AngeloColomboFi Doing same here :) thanks
Thank you for the video! What do you think about XTB? I think it's quite popular in Spain for its 0% commission for ETFs. But as you didn't talk about it (good or bad) in the video of 2 years ago where you compare a lot of brokers, I wonder if there's something we should know about it.
You're very welcome! I'm mentioning XTB in a video that will be out in an hour (5 PM) 🙏
@@AngeloColomboFi how timely. Thank you!!
Thank you!
Can you do the new comparison IBK vs Trading 212? Considering Trading 212 gives you % for cash balance + no fees for trading.
Hi Angelo, thank you for another great video. Have you heard about recent news for Degiro regarding the audit by Bafin and their concern about deficits in business? Degiro’s stock price dropped 37% after that. Should we be concerned about this?
Hi Osef, thank you for the info, I completely missed that. Looking into it now.
Does anyone has experience in having a custodial account to invest in ETFs for their children? I would love some guidance here on what are the best options in Europe.
Thank you for this video. Do you have any opinion on the current changes due to new Priip regulations? In some countries including mine (GR) we cannot buy very well known etfs anymore (VUSA for example from DEGIRO)
For someone who lives in Austria, how do you manage with taxes when exchanging in IB. I thought there is only one option which is Flatex? Thank you very much!
I'm not your average Austrian investor. I'm self-employed (thus need to file taxes anyway) and additionally this finance CZcams channel is targeted towards all of Europe. As a result, I need to have first-hand experience as an investor with low-cost brokers that are able to serve most of the people watching.
While the tax reports on IB are useful (especially if you're investing in single stocks), they don't include everything you need to declare for ETFs on a yearly basis in Austria. That part is a lot more complicated, so I would honestly stick to Flatex.
I explained Austrian taxes in more detail here: czcams.com/video/s_UK3n1PVHs/video.html
Great comparison! Would you please also compare IB with trading 212? Thanks Angelo!
Here you go: czcams.com/video/4B05bx3pHT8/video.html
Hi, Angelo. Great Video! Can you kindly elaborate on the "delayed data" on Interactive Brokers? When I try to follow your video and place a Buy order I have this delayed data icon, which you do not seem to have and it appears that if you wish to see real-time prices you need to subscribe to it. I don't know if this is related to the fact that I also see on the "Preview" that the fee transaction is between 1.31 and 35 Euros (namely 1% of the investment). How come it is that expensive? I live in German and the max fees should be 29 Euros. it seems that the high max fees are appearing only when I am buying fractional shares of VWCE as opposed to not. are you familiar with that? Is that true or am I missing something? Thanks
Hi Angelo, are you sure the core etfs are also on Flatex? I can’t find them at all. Seems to be only on Degiro but not Flatex
sorry if you have already answered this. Why do you invest in a dollar based fund? Clearly this presents an added risk when you are paying in euros. obviously the fund has to buy stocks in all sorts of currencies, so it maybe that this is the obvious choice, can you just confirm please?
The fund is traded directly in euros and the fund currency itself is irrelevant, as it has zero influence over the value of the stocks within (in all of their respective global currencies). You would have identical returns if the fund currency was EUR, JPY, CHF or anything else. It's most likely USD since that's the most common currency for the stocks that are held (US stocks make up around 60% of VWCE).
Which one of the two do you prefer?
🇪🇺Interactive Brokers (ETFs): angelo.fi/ibk
🇪🇺Degiro (ETFs): angelo.fi/de
🇦🇹🇩🇪Germany & Austria only (ETFs): angelo.fi/atde
🏠All my investments (incl. p2p lending): p2pinvesting.eu/investor-toolkit
Hey, does IB provide the documents for local IRS to avoid double taxation on dividents? (W-8BN form)
Hi Angelo been watchin your vlog .Just wanna ask how you invest in Euro like example I want to invest in Tesla, Apple, Nvidia..etc . Do i need to convert euro to USD dollar?
Hello, Angelo! I was wondering what’s your opinion on CSP1 etf in comparison with your choice of US etf (VUSA) ? Thank you!
I've been following your channel which I find very informative. After many study, I finally bought my first ETF at IBK, but I've noticed something much different than you. I paid 3€ in fees for that single order. I found it a bit strange. Do you have any idea why that happened? Thank you very much for all the help and precious information provided in your video.
Sounds like you're using fixed pricing instead of tiered (mentioned this in the video as well) - make sure you switch and wait 48 hours, then you should be paying 1.25€
@@AngeloColomboFi you are totally right. I thought I had chosen the tiered pricing when creating the account, but it seems I didn't. Thank you very much for your prompt answer and please keep growing this channel. Amazing content!
Great Video Angelo:)! What Broker would you recommend for a Swiss person? Swissquote or Degiro/IB?
Thank you! Definitely IB: angelo.fi/ibkr
Swissquote is way too expensive
@@AngeloColomboFi Thanks!
I don't know what is the difference between these platforms and trading212 I did try them, but I never put much research into them. Just out couple hundreds on INTEL for 1-2 years.
The only country that have Vanguard in the Europe is the UK?
Thanks for the comparisons. I was surprised by the hidden fees in Degiro, like conversion fees.
I was just wondering, if you're a fiscal resident in one country in the EU and then change to another country, what would happen tax-wise when you sell? I only have cumulative ETFs and a few stocks so no dividends to worry about.
My pleasure! It probably depends on the tax laws in the two countries, worst case scenario would be the previous country asking for taxes on unrealized profits on the date when you leave.
So if i had Euros and would like to purchase shares priced in AUD what would be the steps? Much appreciated Angelo, Herzlichen Dank!
Hi Angelo, this video is very informative, thanks. Do you know what is the insured amount with both brokers(in case of bancruptcy). As far as I know flatex insure up to 100k€ due to their banking license, is it the same with IBKR?
That's the deposit guarantee, which is only relevant for the cash you hold on your account. Assets (stocks, ETFs, bonds) are held separately from the broker's assets, exclusively in your name. They can thus be transferred to another broker in case Flatex or IB were to ever go bankrupt - no matter the amount. It's one of the reasons why I prefer brokers that don't lend out shares (lent out shares aren't properly segregated).
Why not to use both? 😏
Yup!
I always thought ETFs are the one for the retired people, it's realiable yeah but the growth is very slow.
Could you please answer me, if you are moving to IB anyways why don't yu actively invest and trade on Stocks ?
Very helpful video Angelo !!!! Personally for my prime Broker, I use Freedom24, no fees at all and thousands of choices to buy.
Thank you! Great, I'm glad you found a broker that works for your needs!
Hello Angelo, How exactly did you manage to set-up Revolut withdrawal account? It’s simply not recognisable as a bank account from IBKR, so I guess not possible, correct?
Hi Angelo, i’m avid viewers of yours and thank you for the wonderful insight.
Is there any trading platform where European residence can do day trading aside from IBKR?
Also, does PDT applies to all European residents under IBKR platform for active day trader?
Great comparison, thanks! Are you sure IBKR has fractional shares for the ETF you are showcasing? It says the amount will be rounded up to whole shares. I found that to be the case for many EU ETFs
Thank you! Actually, I am sure they DO NOT have fractional shares for EU ETFs yet sadly. Hopefully soon though.
Correct me if I'm wrong, I think they do now!
Hi Angelo, is it possible to transfer my shares from EToro to interactive broker?
If I pledge those shares can I use those margin money for trading (selling options or leaps)?
Hi Angelo,
In my portfolio I have VUAA and VWCE ETFs. As they are in Euro and bought in EU, I am wondering can I transfer my IBKR account to USA with these ETFs?
Unfortunately IBKR has no clear information on this matter and transfer investments between US and EU is so tricky.
Hi There, can you also use your TR card iso a Revolut card to transfer your US dollars like you showed in the video?
Thank you
Can you transfer euros back and forth to Wise? Do you prefer using the Wise Debit Card or IBKR Debit Card?
Hi Angelo.
Thank you for your videos.
I tried to place an order at VWCE for 3 000 EUR (tiered pricing plan, account type cash).
The fee is not 1.25 EUR but around 30 euros.
Could you please give me any hints why the fee is so high?
Thank you.
Hi Angelo, great content! I have a question, I'm just starting investing. I have about 30.000€ to invest, should I buy ETF's in one shot or spread it over a couple of months?
That's up to you, since I can't see the future I'm sadly unable to tell you what leads to in better returns :)
Statistically, the sooner the better, but this could also be an option: 10k now and 5k each over the next 4 months for example.
It would be nice to see the same type of comparison with XTB
I mention XTB here: czcams.com/video/4B05bx3pHT8/video.html
at a first glance XTB seems better (especially for stocks) since it has zero fees and commissions - but I'm not sure about the hidden fees though (such as the spread and currency conversions) - How can we compare these hidden fees amongst brokers?
IBKR makes money by payment for orderflow, right. Apparently this not allowed in the EU so i can understand that degiro has the lending as business model.
A broker has to make money, one way or the other.
No they don't. Perhaps using IB Lite in the US, but not in Europe.
I only get free live market data for US index on IB, not LSE stocks. Is this the same in Degiro ?
Cant buy QQQ or SPY on IBKR as EU member?
Can IB automatically buy fractional shares from your dividends? I miss this function on DEGIRO
Hello Angelo. Can we as EU clients to buy shares of US as VOO, VTI via Interactive Brokers ? If not is there an alternative ? Thanks
Hi Angelo, what is the best way to move the ETF’s portfolio from Degiro to Interactive Broker? Thanks
Here are all the steps: czcams.com/video/1IT9O5WyF30/video.html
Thanks Angelo, I’ll use your links to sign up
Hi Angelo! What about bank transfer fees on IBKR? When depositing fees from a bank, the platform says "generally fees do apply". Are these important fees to take into account? (Note: my bank is based in NL and I opened an account in IB Ireland)
As long as you transfer to IB's IBAN, there are of course no transfer fees - unless your own bank charges for transfers within Europe? But I find that very unlikely :)
Hi Angelo,
First of all, thank you for your great work! helps a lot for beginners.
I have a question. In Degiro, we get annual investment statements, which we need during annual tax declaration. Same statement is not provided by IBKR, if I understood correct. How do we get this statement from IBKR for tax declarations? I live in Italy and I need to understand how to proceed, or which one to opt for.
Thank you
You should be able to find/download it for each year under Performance & Reports - Statements - Tax on IBKR. Under Statements you can download annual activity statements as well, which contains a lot more information.
@@AngeloColomboFi Thank you so much, Angelo.
Hi Angelo. Again, all the best to you and thanks for the content. Can you please trade with option on individual us stock within IBKR European account? Thx
Hi Jan, you're very welcome! I'm not sure I get the question fully. Are you asking if you can trade options on IB? I think so, but I have no experience with it
nice video
Greetings sir,
I just made my firs deposit to test and open account 5 Eur.
But after 10 days > I noticed that there is now 4.99 Eur
I'm a bit scared? Where my cent is gone?
Is that means they charge inactive fees?
PS:. I'm talking about Interactive Brokers (IB)
what does it mean each exchange for 2.5/year... each exchange??