Davy's fees are relatively high to my view...Do any of the Irish Stockbrokers offer good value?
Good point...Too many of the low cost UK brokers have gone belly up. There are many problems in clients trying to reclaim their shares and cash. If you are investing a large sum, it is probably worth paying the little extra for the comfort that they will survive! The costs of compliance and regulation are quite high and someone must pay.
How so?IBKR as a company are in the JPMorgan, Berkshire Hathaway & Charles Schwab league.......
The other reason I have multiple online broker accounts is to spread the risk in-case one of the accounts is compromised and the funds withdrawn, particularly if it’s my fault and the funds are not guaranteed. For something you log into once or twice a year and holds your life savings, I don’t think having 2-3 is particularly onerous for the extra peace of mind.IBKR as a company are in the JPMorgan, Berkshire Hathaway & Charles Schwab league.......if you find yourself concerned with their imminent collapse & the collateral damage to the investments they custody for you......I can almost guarantee that you will have higher priorities at that time....like access to food, petrol & trying to keep your family safe.
How so?
Market caps for example:
- IBKR $40Bn
- JP Morgan $419Bn
- Berkshire Hathaway $796Bn
- Charles Schwab $109Bn
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?