I'm using Trading212 and am quite happy with them, although they're from the UK. Anyone here thinks it'd be better to switch to a EU-based company?
this post was submitted on 23 Mar 2025
42 points (97.7% liked)
BuyFromEU
2711 readers
1171 users here now
Welcome to BuyFromEU - A community dedicated to supporting European-made goods and services!
We also invite you to subscribe to:
Logo generated with mistral le chat Banner by Christian Lue on unsplash.com
founded 1 month ago
MODERATORS
For me an EU based (degiro) was better cause it can automatically provide tax documents / apply for benefits (like no double tax on US stocks)
I find xtb shady, mostly because if their ads. Whenever some soccer millionaire tells me how to invest money, I immediately smell snake oil.
But, I'd also add Scalable to the list
This.
I really hate their ads, absolute shady.
I went with Trade Rep and they are serious. Their app still needs few things but otherwise well made.
For ETF, pick only Europeans Providers, here is a list:
- AXA (France)
- Amundi (France)
- BNP Paribas (France)
- HANetf (Netherlands)
- HSBC (UK)
- Legal & General (UK)
- Ossiam (France)
- Robeco (Netherlands)
- Tabula Investment Management (UK)
- UBS (Swiss)
- Xtrackers (Germany)
Feel free to expand if there is more you know, I listed my ETF providers
Do please note that costs can vary MASSIVELY between providers.
I'm currently with US-based Northern Trust because they don't have a dividend leak from the Netherlands, and their costs are 0.15% for their all-world ETF, and similar for small-cap and emerging markets.
Switching to Robeco would keep the dividend leak at zero, but their costs are 1.81%. That's way too much of a difference for me.
HAN etf seems to hover around 0.8%, lower for gold, much higher for crypto, but I can only find weird themed ETFs there, nothing very broad.
If anyone knows a low-cost, European all-world fund, I'd love to hear it.
Worth noting for Trade Republic is that there is a 1€ fee for every trade you make, unless it's from a recurring order. To me the app seems more catered to long term savings investments instead of day trading. But I don't do the latter so who knows. Maybe it works for that end no problem.
Other than that the matching of ECB interest rates on savings is a blessing.
The only thing I'm worried about with them is security. Your username is your phone number and your password is a four digit number. You do get 2FA with the app, but SMS can also be used, which isn't the safest 2FA from what I know.
Currently got most of my EU ETF in Amundi and planning on selling the rest of my iShares EU 600's later this year to put it in Xtrackers (first got some other financial stuff to focus on to see that my tax bill doesn't go boom)
In Austria also Flatex seems popular.
As far as I'm aware the company behind degiro is actually called "flatexdegiro" so not sure if they're related
A cursory glance at Wikipedia tells me that Flatex AG bought Degiro (and a few other companies) and then changed the name to Flatexdegiro AG.
I seriously feel like there's a market for an investment company that will file US taxes and robo-advisor mock market funds (for US citizens subject to PFIC penalties on EU funds)
Never considered switching trading accounts. Im an american and use charles schwab. Started with think or swim theyve been bought a handful of times and ive just rolled with it.
I primarily trade options. Any suggestions?