Binck Bank

 

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.

Markets available
Online tradingAustria, 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 tradingAs above
Dealing commissions and charges
Online minimummin €10
Online detailsAustria, 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 minimummin €15
Broker-assisted detailsOnline rates plus €5
Other fees and charges
Standard account fees and inactivity feesNone
Custody charges for stocks0.2% per year up to €50,OOO, 0.1% up to €250,000, 0.05% up to €5,000,000, 0.01% balance
Dividend chargesNone
Corporate action chargesNone
Currencies
Currency conversion charges0.1% margin over interbank rates
Hold cash in foreign currenciesNo
Currencies allowedEUR
Other details
Tax-advantaged accountsNone
Other products and servicesBonds, funds, futures, options, structured products
Minimum account sizeNone
Company locationNetherlands
Further informationVisit the Binck Bank website

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 Posted by at 11:46 pm