How to avoid high charges and fees when buying Irish shares - what's the best air purifier to buy

The cost of buying Irish shares may be as low as the purchase price
A cup of coffee-
Or, if you're a small investor, you can buy hundreds of euros depending on how and where you buy them.
Some stockbrokers charge small investors 100 times as much as others in buying stocks, so the cost of buying stocks can be as high as the fifth part you have to invest in --
Especially if you are a small investor dealing with traditional stockbrokers.
This is because if you open an account with a stockbroker, the annual fees and management fees you will encounter may be high --
And the Commission of the broker.
The way you buy your stock will also have a big impact on the fees you pay.
If you buy stock over the phone rather than online, some stockbrokers charge twice as much.
This is some of the results of the Sunday Independent's survey of the cost of buying Irish shares worth 1,000 euros.
We include five of the nation's top traditional stockbrokers.
Campbell O'Connor, Conto fitzgerrard, David, good body stockbrokers and Redmaynein our survey.
We also include discount online stockbrokers such as Degiro, TD Direct Investment (TDDI) and IG.
The survey investigated the cost of buying shares in execution --
Because this is usually the cheapest way to buy a stock. With execution-
It's just that the stockbroker doesn't offer any advice on the stock you want to buy, just execute your instructions for buying a particular stock.
The cost of buying stocks through discount stockbrokers such as Degiro, IG and TDDI brokers is usually a fraction of the cost of buying stocks through traditional stockbrokers.
Only 2 euros.
40 Irish people buy Irish shares worth 1,000 euros through Dutch online broker degiro. ie -
Let's say the shares are listed on the Irish Stock Exchange.
Instead, buying these shares from Goodbody over the phone costs almost 100 times to do so.
Unlike some of the larger traditional stockbrokers, there is no charge to open an account at Degiro.
De Groo is not regulated by the central bank here, but operates across Europe using the EU's "pass" rules.
It is regulated in the Netherlands by the Dutch Central Bank and the Dutch financial markets authority.
London-based online stockbroker IG has offices in Dublin and other European and international cities.
It takes 10 euros to buy Irish shares worth 1,000 euros from Irish IG
As long as you buy stocks online.
Buying shares over the phone costs 50 euros to do so.
There is no charge for opening an account with IG.
TDDI is an online broker recently acquired by interactive Investment UK.
Buying Irish shares worth € 1,000 through tddirect investment takes € 20 (plus uk vat for 20 pc ). ie ) -
As long as you buy stocks online.
If you buy the stock over the phone, the fee is € 45 (plus VAT ).
As long as you trade at least once every six months, or maintain a minimum portfolio value of at least 5,000 euros, there is no cost to have an account in TDDI.
Otherwise, an account fee of € 30 (plus VAT) is charged every six months.
Therefore, TDDI may not be suitable for doing one-
Account fees will increase over time to buy 1,000 euros of stock.
For small investors looking to stick to traditional stockbrokers, Cork's Redmayne Bentley stockbrokers are the cheapest stockbrokers in our survey.
Buying Irish shares worth 1,000 euros through Redmayne takes 35 euros
Includes compliance and settlement fees for the minimum commission of 25 euros and 10 euros for stock brokers.
There is no charge for opening the execution-
Only accounts for Redmayne.
Campbell O'Connor is also one of the cheapest traditional stockbrokers for small investors.
If you buy an Irish stock worth € 1,000, the Dublin stockbroker charges a commission of € 40, which is the only fee you pay --
As long as you own a stock certificate.
If you do not want to hold a stock certificate for Irish shares, but would prefer to be held by Campbell O'Connor, you will need to open a hosting account with the stockbroker.
Since opening an account in Campbell O'Connor takes 50 euros a year, this will bring the total cost of buying 1,000 euros of stock to 90 euros
Let's say you sell shares in a year.
If you're a small investor, it's expensive to buy stock through David and Goodall bodies --off purchase -
Especially if you buy by phone.
It takes 220 euros to buy Irish shares worth 1,000 euros from Goodbody by phone, because Goodbody charges a commission of 100 euros for such transactions and an annual account fee of 120 euros pc Irish VAT ).
The cost of buying stocks online from Goodbody is less than half the cost of buying stocks over the phone.
The purchase of Irish shares worth € 1,000 from Goodbody online requires € 85, including an annual online account fee of € 60 (plus VAT) and a commission of € 25. It costs €94.
Buy Irish shares worth € 1,000 from David online, including a commission of € 14.
Annual maintenance fees for 99 euros and 80 euros (plus VAT), assuming you keep your account for one year.
(David charges 20 euros for online maintenance every three months.
) If you buy your stock by phone, the fee is 145 euros because David charges a commission of 100 euros and an annual nomination fee of 45 euros (plus VAT ).
The purchase of shares worth 1,000 euros from Fitzgerald requires 95 euros, including a commission of 55 euros and a contract fee of 40 euros.
Conto also has an annual management fee of € 275, but you may not have to pay this if you only do one
Buy stock.
"Overall, execution
A spokesman for Cantor said: "only customers who seek to conduct a single transaction of 1,000 euros without maintaining their accounts will pay 95 euros . ".
"If they want to maintain an investment or make multiple investments within a year, they will pay another € 275 (annual cost of consultation ).
"Merrion Private usually only serves large investors, so we don't include this in our analysis of stock broker fees.
If you buy and sell stocks on a regular basis throughout the year, an online account may be the cheapest way to do so, as any account maintenance costs are usually paid on their own.
However, if you just do one
No purchase, the account maintenance fee for the online account is very high, it is better to go elsewhere to buy your stock.
Foreign exchange charges may increase if you buy Non foreign exchange
Shares denominated in euro
"Foreign exchange charges may be a significant and unreported charge --
Usually between 1 pc and 2 pc [of the amount of investment], it depends on the size of the transaction, "said Rory Gillen, founder of The Gillen market.
Taxes are another expense you face.
You usually pay 1 pc stamp duty when you buy Irish shares and 0.
5 pc stamp duty on UK stocks.
Some stocks are exempt from stamp duty, such as Irish shares listed on the corporate stock market (a branch of the Irish Stock Exchange ).
Due to the need to pay VAT for some of the fees, VAT can significantly increase the charges.
David's annual maintenance fee of € 80 charged on his online account (if you hold an account for one year) is increased to € 98.
Once VAT on 23 PCs has been added.
Irish residents usually pay the capital gains tax (CGT) at the rate of 33 pc)
Although the first 1,270 euros earned by individuals in a tax year are tax-free.
Any dividend received from the stock may also be subject to income tax.
Between taxes and stockbroker fees, the cost of buying and selling stocks is high.
So, before investing, be clear about what charges you will face.