Experience with Saxo Bank or DeGiro for stock trading

(Mark Oliver) #1

Has anybody experience with Saxo or DeGiro ?
At the moment I am German banks for stock trading but want to diversify.

How does it work with Capital gains tax ?
In Germany 25% is automatically withdrawn by bank .


(Tak) #2

If you are rich nomad🏆, you do not need to read this and I am sorry I have no experience of those brokers and banks. Basically for maximize profit, reducing cost is the first step of investment. Because your real profit is the remaining balance after payment⛈.

Negative effects are

  1. :scream:Margin :zap:
    If you pay 9.5% for ten years, you lose almost 95%.:sob:
  2. :sweat:Trade fees​:open_umbrella:
  3. :joy:annual fee, fund transfer fee, subscription fee, fund management fee, ADR fee, internet fee, research fee, etc :tornado:
  4. :fearful:waste of your time i.e. junk stocks, daytrading, dollar-cost method, technical analysis, complex derivatives etc those increase your cost.:volcano:

:ram:Positive effects are the interest and security insurance how much your broker guarrantees your total fund.:yum:

You could minimize the negative effect of tax by keeping stock as long as possible, especially of growing company​:ox::ox:, and sell a part of it as much as you need to live your life. Tax is the rest of remaining profit after payment of your necessary expenses.:kissing_smiling_eyes:

So you had better study hard to keep your money in your pocket first…:rainbow:

1 Like

(ualo) #3

Depends on the markets you want to trade on. @MarkOliver

Try out Interactive brokers.