I use both Trade Republic and Trading 212. The only thing I dislike about TR is you can't see the exact amount you invested within a portfolio. You can only see the total amount including the profits/gains.
@@MichaelMartin-lv6fs none officially when I asked AI specifically about L&S Hamburg stock exchange it not very usefully returned a few including IBR but all with the caveat of this broker "may" support it while there is no specific mention of L&S or Hamburg Stock Exchange you need to very with the broker itself. So in terms of specifically mentioning L&S or Hamburg Stock Exchange according to my research so far a big fat 0. Likely because as Kai said not many people opt for the small unusable option most go with larger options like LSE or NYSE Leaving myself and others at the same brick wall as Kai
Hi kai same problem here sitting with big gains on Trade Republic and we are also planning to leave Germany and moving to Dubai , did you find a solution or a broker that are also operating on Hamburg stock exchange ? i think the only way is to sell the stocks and pay the taxes in Germany on our gains wich i actually not the way we prefer ,
I think you may be wrong. When transferring to IBKR, in the “Exchange” field you can indicate (optionally) the exchange you want your assets transferred to - inside Interactive Brokers. You don’t have to put L&S, because as you mentioned they don’t support it. I guess if you don’t put any specific, they will simply assign a random exchange supported by them.
You cannot transfer an asset from another exchange without selling and buying it. Literally every stock on every different exchange has their own "ID". That's like you losing your phone and getting the same model again - you will never get the same serial number.
@@goncaloboleto6203 It is true, and I did my research. Plus, he also got the answers from both TR and IBKR reps and official documentation. You calling it BS doesn't make it BS even if you want to believe that.
Hi, unfortunately not. According to Interactive Brokers' guidelines, they only accept products that are available for trading on their system. Certain products, such as those traded exclusively on exchanges they don't support, cannot be transferred. While the "Exchange" field in the transfer process allows for specifying an exchange, it doesn't override the fundamental requirement that the asset must be tradable on IBKR's supported exchanges. Therefore, if a security is not available on any of IBKR's supported exchanges, specifying an exchange in the transfer form won't facilitate the transfer. Hence the reply they gave me. Cheers
Hi Kai! I recently found out that transferring from Trading 212 to IBKR is not possible (although you have a video showing that the option is available). Did you manage in any other way to make this transfer? Maybe there is a way to use an intermediate broker… thanks!
Hi Ana, yes, you are correct, was also very upset by that fact. Again, same as in the case as with the Trade Republic stock transfer which is also offered inside IBKR, it's also not possible. Same as the transfer of stocks from T212 to IBKR. Technically it seems that T212 allows to transfer to XTB and XTB allows to transfer to IBKR, though I have not tried it myself and I think it would take quite some time, would not be super cheap nor smooth. So for now maybe just hand on until they hopefully finally enable this feature 🤞 Cheers
Thank you for the video! I'm new to investing and am considering buying the Invesco FTSE All-World ETF (ACCC). I noticed it's listed on both the London Stock Exchange and Borsa Italiana. I'm leaning towards purchasing the Borsa Italiana version to avoid FX fees. Does this seem like a good decision? I live in Ireland. THANKS
Hi there, Thanks a lot and investing in the Invesco FTSE All-World UCITS ETF is a solid choice for broad market exposure. As an Irish resident, purchasing the EUR-denominated version on Borsa Italiana can help you avoid FX fees associated with other currencies. This approach aligns with your goal to minimize additional costs. Before proceeding, ensure your brokerage platform supports trading on Borsa Italiana and that you're aware of any associated fees. But yes, if you never plan to have any USD then Italy might be a better choice for you 👌 Cheers
Hey Kai. Thanks for pointing this out, since I’ve been thinking about this recently as a Trade Republic user. However I’m still a bit confused: Shouldn’t this apply only to ETFs/Stocks that are ***exclusively*** on the LS Exchange available? For example, MSCI World ACWI’s ticker is IUSQ. After checking via the justETF website, I see IUSQ is listed on Xetra, Stuttgart Exchange and gettex. So I shouldn’t have problem transferring it, right? Since I suppose IBKR uses Xetra. Or another example, Invesco Nasdaq-100 is EQQB. I see EQQB is listed on gettex and Xetra too. Could you please clarify? Also, did your wife have problem with transferring only very particular stocks from LS-Exchange or indeed with popular ETFs like iShares S&P 500 (SXR8)?
He never actually checked, he's missing a basic understanding of how stocks and ETFs work and that the same assets are held at depositories (not exchanges) and can be traded across different exchanges
Hi there, Thanks and you're correct that securities can be listed on multiple exchanges. However, Trade Republic primarily executes trades through the Lang & Schwarz Exchange, which operates via the Hamburg Stock Exchange. If your new broker doesn't have access to the Hamburg Stock Exchange, transferring these securities can be challenging and in the case of the two brokers I've mentioned not possible. It's essential to confirm with both brokers whether they support the specific exchanges involved to ensure a smooth transfer. Cheers
@@SmartMoneywithKai and yet other investors have been able to transfer shares from TR to IBKR successfully in the past, how is that possible? Trade Republic has been using the L&S exchange since the very beginning
Haha that's a nice timing. Just withdrew everything from TR last week. Sold my stocks thursday Money available on friday Money on my other bank account on Wednesday next week... I liked the card, it was nice, but eh
Smart move and yes, it's unfortunate as in general I like them and your funds are surely safe there, it's just very restrictive and I think there are much better alternatives out there 👌 Cheers and happy holidays 🙌
Hi and yes, it's strange as T212 is listed even inside IBKR as stock transfer and I even made a video about it showing how to do, sadly though, I was told after weeks of waiting that for now this is sadly not yet possible even though they do use IBKR at their back end. Hopefully will soon be added 🤞 Cheers
It's probably a double edged sword so most people cannot transfer their shares into TR as well. So it's kinda useless and they should clearly mention this on their website. Maybe they will stop using L&S in the future because payment for order flow (PFOF) is a big part of their business model. PFOF is banned in a couple of years in the whole EU.
Hi and no, nothing to do with Germany, I could still invest in say Tesla listed on Frankfurt stock exchange from UAE but sadly Trade Republic is limited to Hamburg.
Indeed. I did recommend them because I used them myself:) Now they terminated my account and I learned you can’t really transfer your shares elsewhere so of course it would be bizarre if I would still recommend them 😉 Investing is dynamic and things change all the time that’s why I make videos and updates about them 🙌 Cheers
Dude, you're spreading so much nonsense. Of course you can transfer it to another broker with access to different exchanges (eg. on IBKR), otherwise no other person would have ever been able to transfer shares out of Trade Republic to other brokers, which is not the case! Please do some research before making unsubstantiated claims like this!
Hi mate, thanks for the uplifting comment, but let's clarify the facts. As I mentioned and showed in the video, both Interactive Brokers (IBKR) and Trading 212 have confirmed that they do not support transfers from Trade Republic due to exchange compatibility issues. Trade Republic primarily operates through the Lang & Schwarz Exchange, and transferring to brokers without access to this exchange isn't feasible. While some brokers may facilitate such transfers, IBKR and Trading 212 are not among them and neither are most international brokers. Stay positive my friend ✌️
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I use both Trade Republic and Trading 212. The only thing I dislike about TR is you can't see the exact amount you invested within a portfolio. You can only see the total amount including the profits/gains.
So the question is, which brokers WILL accept transfers from trade republic, using the Lang and Schwarz exchange?
@@MichaelMartin-lv6fs none officially when I asked AI specifically about L&S Hamburg stock exchange it not very usefully returned a few including IBR but all with the caveat of this broker "may" support it while there is no specific mention of L&S or Hamburg Stock Exchange you need to very with the broker itself.
So in terms of specifically mentioning L&S or Hamburg Stock Exchange according to my research so far a big fat 0. Likely because as Kai said not many people opt for the small unusable option most go with larger options like LSE or NYSE
Leaving myself and others at the same brick wall as Kai
Hi kai same problem here sitting with big gains on Trade Republic and we are also planning to leave Germany and moving to Dubai , did you find a solution or a broker that are also operating on Hamburg stock exchange ? i think the only way is to sell the stocks and pay the taxes in Germany on our gains wich i actually not the way we prefer ,
Hi and yes, sadly there was no other way but to sell :( Such a shame and reason why I can't recommend them anymore.
I think you may be wrong. When transferring to IBKR, in the “Exchange” field you can indicate (optionally) the exchange you want your assets transferred to - inside Interactive Brokers. You don’t have to put L&S, because as you mentioned they don’t support it. I guess if you don’t put any specific, they will simply assign a random exchange supported by them.
You cannot transfer an asset from another exchange without selling and buying it. Literally every stock on every different exchange has their own "ID".
That's like you losing your phone and getting the same model again - you will never get the same serial number.
@@superclownfisch Not true, please do your own research before saying BS
@@goncaloboleto6203 It is true, and I did my research. Plus, he also got the answers from both TR and IBKR reps and official documentation.
You calling it BS doesn't make it BS even if you want to believe that.
Hi, unfortunately not. According to Interactive Brokers' guidelines, they only accept products that are available for trading on their system. Certain products, such as those traded exclusively on exchanges they don't support, cannot be transferred. While the "Exchange" field in the transfer process allows for specifying an exchange, it doesn't override the fundamental requirement that the asset must be tradable on IBKR's supported exchanges. Therefore, if a security is not available on any of IBKR's supported exchanges, specifying an exchange in the transfer form won't facilitate the transfer. Hence the reply they gave me. Cheers
@@SmartMoneywithKai for the regular investor I guess not many ETF are exclusively traded on the Hamburg exchange...
Hi Kai! I recently found out that transferring from Trading 212 to IBKR is not possible (although you have a video showing that the option is available). Did you manage in any other way to make this transfer? Maybe there is a way to use an intermediate broker… thanks!
Hi Ana, yes, you are correct, was also very upset by that fact. Again, same as in the case as with the Trade Republic stock transfer which is also offered inside IBKR, it's also not possible. Same as the transfer of stocks from T212 to IBKR. Technically it seems that T212 allows to transfer to XTB and XTB allows to transfer to IBKR, though I have not tried it myself and I think it would take quite some time, would not be super cheap nor smooth. So for now maybe just hand on until they hopefully finally enable this feature 🤞 Cheers
But wouldnt that be changed in approximately 2years. When PFOF method will be banned in eu. And they will add more exchanges?
Thank you for the video! I'm new to investing and am considering buying the Invesco FTSE All-World ETF (ACCC). I noticed it's listed on both the London Stock Exchange and Borsa Italiana. I'm leaning towards purchasing the Borsa Italiana version to avoid FX fees. Does this seem like a good decision? I live in Ireland.
THANKS
Hi there,
Thanks a lot and investing in the Invesco FTSE All-World UCITS ETF is a solid choice for broad market exposure. As an Irish resident, purchasing the EUR-denominated version on Borsa Italiana can help you avoid FX fees associated with other currencies. This approach aligns with your goal to minimize additional costs.
Before proceeding, ensure your brokerage platform supports trading on Borsa Italiana and that you're aware of any associated fees. But yes, if you never plan to have any USD then Italy might be a better choice for you 👌 Cheers
@@SmartMoneywithKai Thanks for your response. I am using Trading212. I appreciate your feedback and videos. Thanks
Hey Kai. Thanks for pointing this out, since I’ve been thinking about this recently as a Trade Republic user. However I’m still a bit confused:
Shouldn’t this apply only to ETFs/Stocks that are ***exclusively*** on the LS Exchange available? For example, MSCI World ACWI’s ticker is IUSQ. After checking via the justETF website, I see IUSQ is listed on Xetra, Stuttgart Exchange and gettex. So I shouldn’t have problem transferring it, right?
Since I suppose IBKR uses Xetra.
Or another example, Invesco Nasdaq-100 is EQQB. I see EQQB is listed on gettex and Xetra too.
Could you please clarify?
Also, did your wife have problem with transferring only very particular stocks from LS-Exchange or indeed with popular ETFs like iShares S&P 500 (SXR8)?
He never actually checked, he's missing a basic understanding of how stocks and ETFs work and that the same assets are held at depositories (not exchanges) and can be traded across different exchanges
@ ok, appreciate it man ☝🏼
Hi there,
Thanks and you're correct that securities can be listed on multiple exchanges. However, Trade Republic primarily executes trades through the Lang & Schwarz Exchange, which operates via the Hamburg Stock Exchange. If your new broker doesn't have access to the Hamburg Stock Exchange, transferring these securities can be challenging and in the case of the two brokers I've mentioned not possible. It's essential to confirm with both brokers whether they support the specific exchanges involved to ensure a smooth transfer. Cheers
You seem to know more than Trading 212 & IBKR support 😉
@@SmartMoneywithKai and yet other investors have been able to transfer shares from TR to IBKR successfully in the past, how is that possible? Trade Republic has been using the L&S exchange since the very beginning
Hi, is it the same for Scalable Capital?
Not sure as I don't use them.
Haha that's a nice timing. Just withdrew everything from TR last week.
Sold my stocks thursday
Money available on friday
Money on my other bank account on Wednesday next week...
I liked the card, it was nice, but eh
Smart move and yes, it's unfortunate as in general I like them and your funds are surely safe there, it's just very restrictive and I think there are much better alternatives out there 👌 Cheers and happy holidays 🙌
Hi, I use Trading 212 and I watched one guys video where he said i cant transfer money from T212 to IBKR. Is this true?
Doesn't make much sense. T212 offers you stocks on their home exchanges, which IBKR most definitely supports.
Hi and yes, it's strange as T212 is listed even inside IBKR as stock transfer and I even made a video about it showing how to do, sadly though, I was told after weeks of waiting that for now this is sadly not yet possible even though they do use IBKR at their back end. Hopefully will soon be added 🤞 Cheers
It's probably a double edged sword so most people cannot transfer their shares into TR as well. So it's kinda useless and they should clearly mention this on their website. Maybe they will stop using L&S in the future because payment for order flow (PFOF) is a big part of their business model. PFOF is banned in a couple of years in the whole EU.
Guy was rejected by Trade republic…
That's what the video was about, yes 😉
I don't think that this is a TradeRepublic specific problem as you want to transfer your funds out of germany?!
Hi and no, nothing to do with Germany, I could still invest in say Tesla listed on Frankfurt stock exchange from UAE but sadly Trade Republic is limited to Hamburg.
In one of your videos, you recommended trade republic 🎉
Indeed. I did recommend them because I used them myself:) Now they terminated my account and I learned you can’t really transfer your shares elsewhere so of course it would be bizarre if I would still recommend them 😉 Investing is dynamic and things change all the time that’s why I make videos and updates about them 🙌 Cheers
Dude, you're spreading so much nonsense. Of course you can transfer it to another broker with access to different exchanges (eg. on IBKR), otherwise no other person would have ever been able to transfer shares out of Trade Republic to other brokers, which is not the case! Please do some research before making unsubstantiated claims like this!
Hi mate, thanks for the uplifting comment, but let's clarify the facts. As I mentioned and showed in the video, both Interactive Brokers (IBKR) and Trading 212 have confirmed that they do not support transfers from Trade Republic due to exchange compatibility issues. Trade Republic primarily operates through the Lang & Schwarz Exchange, and transferring to brokers without access to this exchange isn't feasible. While some brokers may facilitate such transfers, IBKR and Trading 212 are not among them and neither are most international brokers. Stay positive my friend ✌️