Cheaper Alternative to IB for European stocks

Discussion in 'Retail Brokers' started by hello world, Oct 10, 2021.

  1. Hi,

    Looking at some threads, it seems there is a bunch of smart people here !

    Do you have some interesting brokers that would be able to offer, for approx 500KEUR of capital + 50MEUR of volume per month, a better commission rate than IB (which is exchange cost + ~5bp). Something closer to cost + ~1bp.

    Thanks for your thoughts on this.
  2. what is 50meur of volume?
  3. Million EUROS
  4. Nobert


    Probably a total worth of shares traded per day.

    €50 M.

    I heard NYSE measuring their total vol like this once.
    (In $T)
  5. virtusa


    Don't forget that probably any broker in EU will have problems if you are in the UK. UK is not in the EU union anymore, so other rules can apply, which makes it uninteresting to accept UK clients.

    Saw this disclaimer:
    Disclaimer for UK clients: Deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.

    DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.

    Transaction costs are generally very low. DEGIRO also has one of the best trading platforms for Europeans. In addition, the account opening process is fast.

    On the other hand, as DEGIRO is an execution-only broker, research tools are limited. We should also mention that there is no forex trading,and most clients can only deposit and withdraw by bank transfer.

    All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.

    2021-10-11 12_41_28.jpg
    Last edited: Oct 11, 2021
  6. tonyf


  7. virtusa


    :D :thumbsup:
  8. too expensive. Worse than IB
  9. virtusa


    Can you show hard proof?

    Watch post #5
  10. #10     Oct 11, 2021
    6wives likes this.