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.
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.
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. 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.
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 UA-cam) has his >1 million CHF portfolio there as well.
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
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!
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
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.
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, 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
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?
Hi Angelo, if you extend your Excel spreadsheet with calculations to trades > 65000, the tiered pricing scheme becomes more beneficial than the fixed one.
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?
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, 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).
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, 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!
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!
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.
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)
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!
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.
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 UA-cam 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: ua-cam.com/video/s_UK3n1PVHs/v-deo.html
Рік тому+1
Hi Angelo, Would you leave currency conversion up to Interactive Brokers or you would use Revolut for that?
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
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!
Angelo, amazing videos thank you, I was setting the purchase for 4 shares and the transaction fee is from 3 to 3.75 EUR, so diferent from yours, wonder why? Also, when I put EUR it doesnt show automatically the number of shares equivalent and the limit is also not set automatically, what am I doing wrong? Regarding permissions, did you check all the bullets?
As you seem to have figured out based on your other comment, you need to switch to the tiered pricing model first :) Here are some of the permissions I activated in my own account: ua-cam.com/video/12g12UU8oPQ/v-deo.htmlfeature=shared&t=139
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, What do you think about EUR to USD currency conversion fee on IB and also the difference between the commission fees when a stock is bought fully or in a fraction? I notice a straight 3 EUR conversion fee for EUR to USD. Also the fractional stocks has large commission fee on IB 😕
That's why I included an extra section in the video where I mentioned the cheapest way to exchange the currency is to transfer the USD/EUR to Revolut and do the exchange there :) I've never bought fractional shares on IBKR, as they're not available for my ETFs as far as I'm aware yet. You could look at Trade Republic as well, fractional shares have the same 1€ fee there: ua-cam.com/video/pGKjSzg-uoY/v-deo.html
@@AngeloColomboFi thanks Angelo for the hint. But the USD transfer fee from Revolut to IBKR USD account is 0.3 EUR per 100 EUR, so for a 1000 EUR transfer this costs same as if I convert in IBKR. Maybe this Revolut option suits if you have small USD amount like from dividends? Please correct me if I am doing something wrong in transferring USD from Revolut.
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 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, 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)?
I just opened an Interactive Brokers account. For a frequent/active trader only trading US stocks, do you think the fixed or tiered commission structure will be cheaper? Thank you so much in advance for your input/ explanation. 🙏
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)
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.
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, 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.
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.
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
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!
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.
Is it just me or do i have to set up something in the Settings on Interactive Brokers? i CAN NOT search anything with an ISIN Number or WKN Number. Only the Ticker works.
Last time I checked, ISIN's should work as well, as long as you hit enter afterwards when searching via the web interface. But on the mobile app I'm only able to find stuff using the ticker symbol right now. If you need the EUR ticker symbol, this site should help: www.justetf.com/en/
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.
Not true, you're talking about IBKR US, where lending is active via IB Lite which we don't have in Europe. In IBKR Ireland (relevant for all EU clients) there is no lending unless you yourself activate the stock yield enhancement program. Here is the client agreement: gdcdyn.interactivebrokers.com/Universal/servlet/Registration_v2.formSampleView?formdb=4750
@@AngeloColomboFi i appreciate your feedback. I intent to open an account within summer and for sure i will use your link to support you. Regardless, will i get sth too? 🙂 Under what conditions?
You can also buy fractional shares for many popular ETFs domiciled in Ireland now: ua-cam.com/video/12g12UU8oPQ/v-deo.html Here's the full list: www.ibkr.com/download/fracshare_stk.csv
Thanks for your fast reply. I have looked vor VUAA. Is in the list but, I was not able to buy it. The option for fractional stocks in the option is checked....
Hi Angelo, thanks for your videos. I was wondering if you were able to move your shares from CapTrader to IB. I understand IB doesn't do any lending by default, but do you know what would happen if it goes broke? Is there any type of insurance as DeGiro has (20k)
I didn't have to move anything, I was able to simply delink my account from CapTrader back in June 2021 when IB removed inactivity fees. If IB were to ever go bankrupt, securities (eg. stocks, ETFs, bonds) are segregated from the company and held separately in your name. This means they are unaffected by a bankruptcy as they don't belong to the broker, but exclusively to you. If a broker goes bankrupt, your shares are simply transferred to another brokerage account of yours. It's one reason why I prefer brokers that don't lend out shares, as that introduces some counterparty risk. Yes, the "insurance" amount is the same, but it's only needed in case of fraud (eg. broker pretending to buy shares, or not being able to fully return them if they are lent out etc.).
@@AngeloColomboFi ah great! I will try that then. I'm so glad IB removed those fees and they don't do lending, since I was having issues finding a broker I could really trust in Europe. Thanks for your quick answer
Hi Angelo, I don't understand what does " lending out" to third party means. After all you have bought something. How is it possible that something could be lend out to a person when you paid price for it.
The securities lending policy is part of the client agreement you agree with when opening an account on Degiro. With basic accounts, Degiro has the right to lend out your shares against collateral. It's one of the reasons why I prefer Interactive Brokers, especially for larger investment amounts.
Hi Angelo, My question is that I have two bank accounts in two different countries in Europe. Can I send money from both accounts? How would paying taxes be when I sell my ETFs? I have to pay in both countries or just in the country I reside?
I have bank accounts in several countries as well (Revolut in Lithuania, home bank in Austria, Germany...) - yes you can send money in and out from those as well, as long as they're also in your name. The bank accounts have nothing to do with taxes, you pay taxes in the country where you live.
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?
Hello Angelo, the spreadsheet is for 1 transaction, right? which means, if I would buy 2 ETF each for 1000euro, I would pay twice the fees, not once for 2000 euro, right?
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)
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.
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.
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 ?
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.
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! 🙏
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.
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?
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?
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!
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 UA-cam) has his >1 million CHF portfolio there as well.
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
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! :)
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 :)
Hello thank you for the video. Do we have to fill out the BEN form if we buy ETFs? for example the ones the follow the SP500?
Just missing one point on the analysis. The cost to transfer the portfolio, which is a critical aspect to take into account!
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.
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?
You are amazing. Its exactly what I was hoping for to find. Please continue making these videos!!!
Thank you!
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"
Hey Angelo! Thank you for the video! Here, in Greece the most advertised platform is freedom 24. What's your opinion?
No it's not the most advanced. IBKR is and stick with it. Biggest broker world wide. Tested since the 70s. Freedom24 is shady. Stay away ρε μαλάκα xD
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!🙏
It would be nice to see the same type of comparison with XTB
I mention XTB here: ua-cam.com/video/4B05bx3pHT8/v-deo.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?
Thanks for the honest review, please, can you make a video on how to open lnteractive brokers?
Hi Angelo, if you extend your Excel spreadsheet with calculations to trades > 65000, the tiered pricing scheme becomes more beneficial than the fixed one.
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?
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, 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).
great video. thanks for sharing
Thanks for the overview. I was wondering what is your opinion about XTB broker.
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
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! 🙏
Hey, does IB provide the documents for local IRS to avoid double taxation on dividents? (W-8BN form)
Great comparison! Would you please also compare IB with trading 212? Thanks Angelo!
Here you go: ua-cam.com/video/4B05bx3pHT8/v-deo.html
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
Hi There, can you also use your TR card iso a Revolut card to transfer your US dollars like you showed in the video?
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!
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.
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)
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!
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.
Thank you for the intresting comparison and the fees file.
You're very welcome Ivan!
Can you transfer euros back and forth to Wise? Do you prefer using the Wise Debit Card or IBKR Debit Card?
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 UA-cam 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: ua-cam.com/video/s_UK3n1PVHs/v-deo.html
Hi Angelo,
Would you leave currency conversion up to Interactive Brokers or you would use Revolut for that?
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
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, what is the best way to move the ETF’s portfolio from Degiro to Interactive Broker? Thanks
Here are all the steps: ua-cam.com/video/1IT9O5WyF30/v-deo.html
Good fresh morning from Austria
Good morning!
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!
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!
Angelo, amazing videos thank you, I was setting the purchase for 4 shares and the transaction fee is from 3 to 3.75 EUR, so diferent from yours, wonder why? Also, when I put EUR it doesnt show automatically the number of shares equivalent and the limit is also not set automatically, what am I doing wrong? Regarding permissions, did you check all the bullets?
As you seem to have figured out based on your other comment, you need to switch to the tiered pricing model first :)
Here are some of the permissions I activated in my own account: ua-cam.com/video/12g12UU8oPQ/v-deo.htmlfeature=shared&t=139
Thanks for the video Angelo.
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?
what does it mean each exchange for 2.5/year... each exchange??
Hi Angelo,
What do you think about EUR to USD currency conversion fee on IB and also the difference between the commission fees when a stock is bought fully or in a fraction?
I notice a straight 3 EUR conversion fee for EUR to USD. Also the fractional stocks has large commission fee on IB 😕
That's why I included an extra section in the video where I mentioned the cheapest way to exchange the currency is to transfer the USD/EUR to Revolut and do the exchange there :)
I've never bought fractional shares on IBKR, as they're not available for my ETFs as far as I'm aware yet. You could look at Trade Republic as well, fractional shares have the same 1€ fee there: ua-cam.com/video/pGKjSzg-uoY/v-deo.html
@@AngeloColomboFi thanks Angelo for the hint. But the USD transfer fee from Revolut to IBKR USD account is 0.3 EUR per 100 EUR, so for a 1000 EUR transfer this costs same as if I convert in IBKR. Maybe this Revolut option suits if you have small USD amount like from dividends?
Please correct me if I am doing something wrong in transferring USD from Revolut.
Hello, Angelo! I was wondering what’s your opinion on CSP1 etf in comparison with your choice of US etf (VUSA) ? Thank you!
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 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?
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, 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)?
Thank you very much, very useful 👍🏼
I just opened an Interactive Brokers account. For a frequent/active trader only trading US stocks, do you think the fixed or tiered commission structure will be cheaper?
Thank you so much in advance for your input/ explanation.
🙏
I think it depends on the amount, but at first glance I think the tiered model should be cheaper unless you're placing a 5-digit order of US stocks.
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)
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!!
Hi
What do you think of BUX from ABN amro for investment ?
As far as I'm aware they lend out your shares, so I would personally avoid it
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.
Can you do the new comparison IBK vs Trading 212? Considering Trading 212 gives you % for cash balance + no fees for trading.
kick a$$ video man! got a follower and supporter!
Thank you! 🙏
Can IB automatically buy fractional shares from your dividends? I miss this function on DEGIRO
What tool to use to transfer money to your broker?
A normal free € SEPA transfer from my bank, how come you're asking?
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.
thank you for amazing info and insight and transparichy you are amazing.
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.
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!
Amazing video, Angelo! I am looking for another broker and will definitely use your link for interactive brokers 💪
Thank you, I really appreciate it! 🙏
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!
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.
Is it just me or do i have to set up something in the Settings on Interactive Brokers? i CAN NOT search anything with an ISIN Number or WKN Number. Only the Ticker works.
Last time I checked, ISIN's should work as well, as long as you hit enter afterwards when searching via the web interface. But on the mobile app I'm only able to find stuff using the ticker symbol right now. If you need the EUR ticker symbol, this site should help: www.justetf.com/en/
@@AngeloColomboFi I can find the tickers, thank you, i just was surprised, that you and others are able to use ISIN Numbers and i can't.
Cant buy QQQ or SPY on IBKR as EU member?
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.
Very good video! Thank you very much 🙂
It seems that in client agreement of ibkr, lending is NOT optional. Any comments Angelo?
Not true, you're talking about IBKR US, where lending is active via IB Lite which we don't have in Europe. In IBKR Ireland (relevant for all EU clients) there is no lending unless you yourself activate the stock yield enhancement program. Here is the client agreement: gdcdyn.interactivebrokers.com/Universal/servlet/Registration_v2.formSampleView?formdb=4750
@@AngeloColomboFi thanks Angelo. Great news! Are we all expected to have an irish account when we sign up? I live in Greece.
Yes, all EU residents automatically get an account with IB Ireland!
@@AngeloColomboFi i appreciate your feedback. I intent to open an account within summer and for sure i will use your link to support you. Regardless, will i get sth too? 🙂 Under what conditions?
That's very kind of you, thank you! No, sadly I can't offer you anything apart from my (eternal) gratitude for using my link: angelo.fi/ibkr 😅
What's your opinion on Scalable Capital?
They're great, zero complaints
Hi Angelo. Fractional shares is not working for ETF's from Irland?
You can also buy fractional shares for many popular ETFs domiciled in Ireland now: ua-cam.com/video/12g12UU8oPQ/v-deo.html
Here's the full list: www.ibkr.com/download/fracshare_stk.csv
Thanks for your fast reply. I have looked vor VUAA. Is in the list but, I was not able to buy it. The option for fractional stocks in the option is checked....
I Found. Seems that i can't buy VUAA in euro from BVME as fractional shares. If I change the exchange and buy it in USD for ex. It working.....
Hi Angelo, thanks for your videos. I was wondering if you were able to move your shares from CapTrader to IB. I understand IB doesn't do any lending by default, but do you know what would happen if it goes broke? Is there any type of insurance as DeGiro has (20k)
I didn't have to move anything, I was able to simply delink my account from CapTrader back in June 2021 when IB removed inactivity fees.
If IB were to ever go bankrupt, securities (eg. stocks, ETFs, bonds) are segregated from the company and held separately in your name. This means they are unaffected by a bankruptcy as they don't belong to the broker, but exclusively to you. If a broker goes bankrupt, your shares are simply transferred to another brokerage account of yours. It's one reason why I prefer brokers that don't lend out shares, as that introduces some counterparty risk.
Yes, the "insurance" amount is the same, but it's only needed in case of fraud (eg. broker pretending to buy shares, or not being able to fully return them if they are lent out etc.).
@@AngeloColomboFi ah great! I will try that then. I'm so glad IB removed those fees and they don't do lending, since I was having issues finding a broker I could really trust in Europe. Thanks for your quick answer
Hi Angelo, I don't understand what does " lending out" to third party means. After all you have bought something. How is it possible that something could be lend out to a person when you paid price for it.
The securities lending policy is part of the client agreement you agree with when opening an account on Degiro. With basic accounts, Degiro has the right to lend out your shares against collateral. It's one of the reasons why I prefer Interactive Brokers, especially for larger investment amounts.
Hi Angelo,
My question is that I have two bank accounts in two different countries in Europe. Can I send money from both accounts? How would paying taxes be when I sell my ETFs? I have to pay in both countries or just in the country I reside?
I have bank accounts in several countries as well (Revolut in Lithuania, home bank in Austria, Germany...) - yes you can send money in and out from those as well, as long as they're also in your name. The bank accounts have nothing to do with taxes, you pay taxes in the country where you live.
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.
Thank you!
Hello Angelo, the spreadsheet is for 1 transaction, right? which means, if I would buy 2 ETF each for 1000euro, I would pay twice the fees, not once for 2000 euro, right?
Hi Martin,
Yes, if you place two separate orders (eg. for two ETFs) then you pay order fees twice.
@@AngeloColomboFi oh, so that is the reason, why so many people buy only one etf (vwce) :D thank you
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)
I only get free live market data for US index on IB, not LSE stocks. Is this the same in Degiro ?
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.
I signed up for IBKD and must say the sign up is difficult. and I have no idea if it was sussessful
Yeah I know, IBKR needs to be simplified. Once you figure everything out it's pretty straight forward though.
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
Awesome , just what I was looking for ❤
Thank you for the work you do!
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.
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. Can we as EU clients to buy shares of US as VOO, VTI via Interactive Brokers ? If not is there an alternative ? Thanks
how about Trading 212
Not bad, but not perfect either in my opinion: ua-cam.com/video/4B05bx3pHT8/v-deo.html
Angelo, you are truely amazing!
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.