Which broker or other alternative to buy/sell shares

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Whisky

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Can anyone give me advice on which is the best way to trade in Irish stock market? I was thinking about brokers, Davy or Goodbody. I am kind of a long term investor however might be buying or selling the shares once a month if I feel necessary but I usually stay on the same share. Thanks in advance.
 
Whisky said:
Can anyone give me advice on which is the best way to trade in Irish stock market? I was thinking about brokers, Davy or Goodbody. I am kind of a long term investor however might be buying or selling the shares once a month if I feel necessary but I usually stay on the same share. Thanks in advance.
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irish brokers are insanely expensive
 
I use Cantor Fitzgerald on a daily basis. I find them better, more effective and also more price conscious. Certainly cheaper than the aforementioned companies and have very strong research.
 
mercman said:
I use Cantor Fitzgerald on a daily basis. I find them better, more effective and also more price conscious. Certainly cheaper than the aforementioned companies and have very strong research.
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thanks Mercman. If I use C. Fitzgerald or any other, is my transaction (lets say buying a bank share) registered with the ISEQ so that it is secure whatever happens to the broker in the future?
 
Cantors are part of the US giants with thew same name. There is big money behind them as their main business is Bond trading. I don't use any other Irish brokers as Davys were part of BoI who I detest. As well as that many of their clients lost a heap of money when they put investment product together for something they knew SFA about. The same goes for Goodbodys who were once part of AIB. You will have to contact C.F. and try and strike a decent broking rate with them. E-mail me or PM me and I will give you contact details.

I have no association with C.F. or others but say it as it is. I'm just a very satisfied client.
 
And to answer your question, broking firms here go through a massive amount of compliance by the Central Bank. C.F use Pershings for their client settlements. Probably be bestto check with them for their modus operanda.
 
It really is a matter of choice. Research is an important element of investment as are figures for Tax etc, plus commission costs.
I'm not here too bad mouth others. All I can report on, is the exemplary service I receive.
 
Whisky said:
If I use C. Fitzgerald or any other, is my transaction (lets say buying a bank share) registered with the ISEQ so that it is secure whatever happens to the broker in the future?
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Good question, but doesnt appear to have been answered.

Can I ask it another way? What brokers in Ireland will register the shares in your name? ie on the company share register and not simply included in a pool of broker nominees.
Despite all the regulation in the world, and Ireland is not renowned for its regulatory oversight (lots of process but are regulators really awake), I think its only a matter of time until there is a major broker fraud (again) or a destructive database hack/crash. In such situations I would prefer have shares in my own name rather than have to rely on the say-so of the failed/crashed broker.
 
In an effort to answer your question, you as a client call the shots, and not vice versa. If you wish your shares to be held in your name, so be it. I use C.F. because they are a large international player. Some of the other Iris h brokers leave a lot to be desired. Personally, I use a broker who treats my account as if its her own. I do feel secure in my dealings with her,

Yes, sure I could move to a UK broker, but I do not believe my affairs would be dealt with so carefully and honestly.

You must make your own decisions, but peace of mind plays a huge part to play in these horrible uncertain times, whence have come from incredibly difficult circumstances.
 
Gordon Gekko said:
There are also inheritance tax issues with foreign brokerage accounts.
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Fail to understand the issue raised here. The OP was seeking clarification on equities purchased to ensure the security of brokers holding shares and now a new stumbling block has been brought in !!
 
mercman said:
Fail to understand the issue raised here. The OP was seeking clarification on equities purchased to ensure the security of brokers holding shares and now a new stumbling block has been brought in !!
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Calm down.

In the post immediately preceding mine, the poster suggests that he/she could opt for a UK based broker.

I'm just highlighting the fact that this can lead to inheritance tax problems.
 
Thank you all for taking time to help me out with my question. Really appreciated. So my understanding is that I should specifically request that i want the shares to be bought for my name. I might need to negotiate the maintenance and transaction fees as well.

I dont want to change the subject but, would it not be easier if one could do all his financial affairs using his pps number, so that it would be difficult for the brokers to fraud etc and also so it would be easier for revenue to keep track of everyone's affairs for tax reasons. Talking about tax, if one makes any money on stock exchange, what is the rate? 20% CGT? Do brokers take it out from your account on behalf of revenue or do I need to declare that myself?
 
No need to wonder, (whomever you might be???) , just read my first post carefully. I am just thinking about trading in Ireland.
 
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