Binck Bank is the largest discount broker in the Netherlands. It also has divisions in Belgium and France, which offer much the same service but with different fee structures.
The company does not offer services in English, although some staff may be able to provide support. And for investing in stocks, there are plenty of alternative brokers for all the markets Binck trades that are already set up for English-speaking clients.
However, for investors who are looking for a wide range of instruments such as options and structured products covering European markets, Binck is reported to be a very useful low-cost provider if you’re prepared to learn enough key Dutch or French terms to operate the platform.
|Online trading||Austria, Belgium, Canada, Denmark, Finland, France, Germany - Frankfurt, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK, USA, USA OTCBB, USA OTC Pink Sheets|
|Broker-assisted trading||As above|
|Online minimum||min €10|
|Online details||Austria, Canada, Denmark, Finland, Germany - Frankfurt, Ireland, Italy, Norway, Spain, Sweden, Switzerland, UK, USA 0.15% plus €9.5, Belgium, France, Netherlands, Portugal 0.06% plus €5.50 - 0.1% plus €6.50|
|Broker-assisted minimum||min €15|
|Broker-assisted details||Online rates plus €5|
|Standard account fees and inactivity fees||None|
|Custody charges for stocks||0.2% per year up to €50,OOO, 0.1% up to €250,000, 0.05% up to €5,000,000, 0.01% balance|
|Corporate action charges||None|
|Currency conversion charges||0.1% margin over interbank rates|
|Hold cash in foreign currencies||No|
|Other products and services||Bonds, funds, futures, options, structured products|
|Minimum account size||None|
|Further information||Visit the Binck Bank website|
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