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📈 Best Online Stock Brokers for Investors Resident in Europe in 2023

Last updated: March 21, 202430 Comments

online-trading-platforms-europe

Online stock trading platforms offer a wealth of convenience for investing at any point in time and also provide lots of information about the market minute by minute, helping you make the best decisions.

For active trading as well as long-term investing these are the best platforms I’ve found:

DEGIRO

what is DEGIRO

There are not a lot of online brokers that offer an asset library as extensive as DEGIRO. Whether it’s shares, bonds, ETFs, or funds – you’ll have access to thousands of instruments across 50 markets and 30 exchanges. This ensures that you can build a highly diversified portfolio and thus – mitigate your exposure to a single asset or marketplace.

In terms of the main attraction – fees, this is largely very competitive. In fact, if investing in major marketplaces found in the UK, US, and parts of Europe, the fees are much lower than most brokers out there. However, it is important to remember that the likes of eToro allow you to buy shares in a 100% commission-free environment, although spreads apply.

As such, if you really want to focus on keeping your costs to an absolute minimum, eToro might be better. On the other hand, although you might pay a slightly higher fee at DEGIRO, the platform does offer much more in the way of asset diversity.

Finally, I do like the fact that DEGIRO does not have a minimum deposit in place and charges no transaction fees, albeit, it’s a bit frustrating that you can only fund your account via bank wire.

You can take a look at my review of DEGIRO for more information.

Open a DEGIRO account

eToro

If you’re actively involved in the online trading space, there is every chance that you have heard of eToro. After all, the provider now has 13 million users under its belt – making it one of, if not the largest trading platform around.

eToro offers a wide selection of markets – all of which can be accessed online or via the app. When it comes to traditional ownership, you can buy and sell shares from 17 marketplaces. This includes stocks listed in the US, UK, Canada, Germany, France, and more.

You can also invest in ETFs – such as those backed by Vanguard and iShares. This is good for diversification purposes or gaining exposure to difficult-to-reach markets. You can also buy and sell cryptocurrencies. This covers 16 digital coins – including the big two: Bitcoin, Ethereum.

With eToro you will not pay any commissions on stocks and ETFs, however, spreads do apply. There is no sign-up fee or monthly/annual subscription, either. You will also avoid stamp duty when buying UK stocks, which saves you an extra 0.5%.

You’ll need to first open an account – which you can online or via the app. Then, you’ll need to meet a minimum deposit, which you can instantly fund with a debit/credit card or e-wallet. Bank transfers are also an option, but this can take up to 7 working days.

You can read my full eToro review here, where I delve deeper into why I like this platform, and what you need to be aware of when trading on it.

Trade on eToro

Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.

Saxo Trader

Saxo Trader is a trading platform owned and operated by the Danish bank Saxo Bank. The firm was founded in 1992 in Denmark. It initially began as a brokerage firm but received its European banking license in 2001, enabling it to broaden its financial services. The headquarters of Saxo Bank is located in Copenhagen.

Saxo Trader has carved out a reputation for itself as a reliable and secure trading platform, assuring its users a high level of trustworthiness. As a fully regulated and licensed platform, it operates under strict regulatory oversight, providing users with a strong sense of security.

The platform has in place robust security measures to protect users’ data and financial transactions. With two-factor authentication and encryption, Saxo Trader goes the extra mile to ensure users’ accounts and personal information are secure.

An additional feather in its cap is Saxo Trader’s Stock Lending Program, which I’ve been using successfully ever since it launched. This program allows users to lend out their shareholdings in return for a payment, creating an opportunity for additional income. Importantly, while their shares are on loan, Saxo Bank acts as the borrower, thereby ensuring the shares’ safe return. This aligns with Saxo’s philosophy of risk management and demonstrates their commitment to user protection.

Saxo Trader’s customer support is another aspect that bolsters its reliability. With a dedicated and knowledgeable team on standby, users are provided with prompt and helpful responses to their queries or issues. They offer chat support (the one I use most), and also telephone and email.

Open a Saxo Trader account

I always recommend looking at all the fees and factors, because what works best for me will not necessarily work best for you, depending on your location and investing strategies.

Have you found any other great online trading platforms? Let me know in the comments section.

Investing in stocks, bonds, and ETFs involves risks including complete loss. Please do your research before making any investment.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Filed under: Money, Stock market

How to Migrate from Zoho Mail to Gmail

Last updated: April 27, 201910 Comments

choosing-perfect-email-address

I recently decided to migrate one of my brands’ email accounts from Zoho Mail to Gmail. Google Apps has many more features than just Gmail and we were also having some spam issues with Zoho Mail so the move was a no-brainer really.

The only disadvantage is that Gmail is not free for business use with your own domain, but the price is worth paying, especially if you don’t require a large number of mailboxes/users.

In any case, my biggest headache was how to replicate the same mailboxes I had on Zoho Mail and move the thousands of emails from Zoho to Gmail. At first, I looked at export/import facilities in both services, however, it turned out that the solution is much simpler.

The best way to migrate is to install a mail package on your laptop, in my case I used the free Thunderbird. There are many others, take your pick or use whatever you have installed already.

Secondly, set up the Zoho Mail inboxes on Thunderbird with an IMAP connection. You also need to create the inboxes in Gmail and enable IMAP (it’s off by default). Then, also set up the Gmail accounts in Thunderbird. Once they can all connect it’s time to work the magic.

Let’s say I have a Zoho Mail inbox named [email protected] and I have set up the same one on Gmail entitled [email protected]. Once they are both able to connect from Thunderbird, what I do is access the Zoho Mail inbox, select all emails, then drag and drop into the same inbox on Gmail. That way the emails will be moved from Zoho Mail’s inbox to the Gmail one. That’s it, easy as pie.

Once you transfer all the emails in this manner, you will also need to set up folders (labels in Gmail) and filters. I suggest you set up the filters within Gmail itself rather than your email client on the laptop. That way you can switch clients at a later stage without having to set up the filters again. Gmail also has a great filtering system so there is no reason to use anything else.

It’s really easy to migrate from one email host to another using IMAP connections. The same procedure described above can, in fact, be used to migrate between any two email hosts that support IMAP.

If you want to keep using free Gmail and still want to use your domain name in your email, you can use the Improv.mx forwarding service.

Filed under: Tech

iCloud Explained

Published: September 05, 20162 Comments

iCloud

Today I sat down for what I hoped would be a quick session of understanding how best to backup our family’s iPhones in a reliable manner. I then proceeded in spending a day trying to understand the utterly confusing world of Apple’s iCloud.

If you are in the same situation, I hope to spare you a few hours through this attempt at explaining the iCloud mess.

We need to consider a few important terms that will help us understand what we can do with iCloud:

  • iCloud Storage,
  • iCloud Drive,
  • iCloud Backup,
  • iCloud Photo Library,
  • My Photo Stream.

No wonder people get confused when trying to understand iCloud! Let’s tackle them one by one.

iCloud Storage

iCloud gives you 5GB of storage for free.

You can upgrade your storage to 50GB, 200GB, or 1TB for a reasonable cost.

Once your iCloud Storage is full, your iPhone will stop backing up to iCloud until you purchase additional storage space or free up storage space in iCloud.

iCloud Backup

iCloud Backup is available on iPhones, iPads and iPods. It serves to back up your entire device (or just some aspects of it, depending on your choices) to iCloud.

iCloud Backups count against your available iCloud Storage.

iCloud Drive

Think of this as a sort of Dropbox or Google Drive, however without having direct access to your files through Finder as you would with Dropbox and Google Drive. It allows apps on Macs, iPhones, and iPads to synchronize files using iCloud. So for example, if you create a note on your iPhone and your MacBook is also connected to the internet, that note will also appear on your MacBook a few seconds later.

Your files in iCloud Drive also count against your available iCloud Storage.

iCloud Photo Library

iCloud Photo Library uploads and stores all of your photos and videos in iCloud so you can access them from all your devices.

There are some important differences between iCloud Photo Library and iCloud backup that you should understand before we move on.

iCloud Photo Library: all your devices can access and view individual photos that are stored in the library.

iCloud Backup: you can’t see individual files or photos in your iCloud Backup, even if photos are part of the backup. iCloud Backups are one big file that restores your entire iPhone – there’s no way to access individual files.

If you’re using iCloud Photo Library and iCloud Backup, you could be paying to back up the same photos twice: Once in your iCloud Photo Library, once in your iCloud Backup.

iCloud Photo Library works like the previously mentioned features of iCloud in that that the contents of the photo library count against your available iCloud Storage.

My Photo Stream

My Photo Stream uploads all your new photos and sends them to all your devices. Sounds kind of like iCloud Photo Library, right? But there’s a little difference:

Photos in My Photo Stream do not count against your available iCloud Storage.

iCloud Photo Library permanently uploads and stores your photos and videos in iCloud. My Photo Stream uploads your photos to iCloud so they’re automatically downloaded on devices with My Photo Stream turned on. It only works over Wi-Fi and doesn’t fill up your iCloud Storage space.

The Photo Library is usually the element that takes up most of the storage space in iCloud. 

If you want to keep backups of your iPhone photos and videos without running out of storage space on iCloud (the free 5GB), I suggest you use the following strategy:

  1. Turn Off Photo Library As Part Of iCloud Backup
  2. Turn Off iCloud Photo Library
  3. Turn On My Photo Stream on your iPhone and iPad
  4. Turn On My Photo Stream on your Mac or PC

Since My Photo Stream does not count against your available iCloud storage you will not have any problems with space utilisation in your iCloud account. The photos will be transferred to your Mac where you can then include them in your cloud or Time Capsule backups.

Filed under: Tech

🤔 Should You Open Separate PayPal Accounts for Each of Your E-Commerce Stores?

Last updated: April 04, 202122 Comments

paypal_logo

PayPal remains one of the most popular ways of accepting online payments, so you’re bound to be using it if you’re involved in online business. A question that comes up sooner or later is whether you should open a separate business account for each of your brands or products.

Separation of Personal and Business PayPal Accounts

First of all, I want to clarify that you should, first of all, have separate personal and business PayPal accounts. This is allowed by PayPal as detailed in this FAQ. You shouldn’t be mixing your personal transactions with those of your business. You should keep separate personal and business bank accounts and you should also do likewise with PayPal. Then link the personal PayPal account to your personal credit card or bank account, and the business PayPal account to your business credit card or bank account.

PayPal Business account

With that out of the way, the next stage as you continue to grow your business will be launching and selling more than one product. With revenue from both of these products coming in through the same PayPal account, there can be some challenges.

The first challenge you will encounter is that of accounting. Since you will be seeing the total amount of revenue generated from both your businesses, it will be hard to visualise at a glance how much of that revenue belongs to each business. Of course you will also hopefully have good reporting facilities from the e-commerce platform you are using which will somewhat compensate for this disadvantage. Moreover, if you are accepting payments through other systems apart from PayPal (e.g. Stripe/Braintree), you shouldn’t be looking at the revenue stats in PayPal as a measure of how you’re doing because that figure will be missing all other payments that would have come through via the other payments systems.

What to do if you have a separate company for each brand

As long as you have separate companies, there should be no issue at all. A company is legally distinct from its owner. Each can and should have its own bank account, credit card, email, etc.

As a result, you will be able to sign each one up individually at PayPal. You will be the representative of your company for each PayPal account, but the PayPal accounts will each belong to the respective company.

And if you don’t have a separate company for each brand?

Here’s when things get tricky. Many business owners create a company and then sell a number of products/brands from that one company. This is usually when the question arises about whether they should have separate PayPal accounts for each product/brand.

There are a number of pros and cons for each way to go and no clear answer to this question.

If you are planning to spin off and sell a particular product or brand, you should always create a separate PayPal account for it and treat it as a separate entity from the rest of your business. During the selling process and the due diligence period, it will be so much easier for you and the buyer if you have a separate PayPal account housing the transaction of just that product that you will be selling off. Otherwise, you will have to filter things that can get messy, plus you won’t be able to just transfer the ownership of that product’s PayPal account to the new owner, which is a disadvantage for them as they won’t get the history of that account. This will affect your selling price so keep that in mind.

For the new owner, having a PayPal account that has been previously set up and having everything working smoothly is a very important bonus. The changeover will be easier and they will have a handy history of every transaction recorded from the inception of that product. Moreover, you have to also keep in mind that PayPal allows lower transaction rates depending on your monthly volume of sales.

Another thing to consider is whether you will have subscriptions and recurring payments processed through PayPal. If that’s the case I would recommend using two separate Paypal accounts as it will be very messy or downright impossible to move over those subscriptions to a new account in the future if needed (for example in the case of a sale of one of the products to a new owner).

Most e-commerce software systems provide additional and handy functionality through PayPal’s IPN system. This can allow you to do things like give refunds from the e-commerce system itself rather than having to log in to your PayPal account to process the refund. If you use PayPal Standard, you can use a single account for multiple sites. If you use PayPal Express, you need to use a separate account for each site. This is because PayPal Standard supports multiple IPN URLs while PayPal Express only supports one.

Now if you decide to go for one PayPal account to cover all your products, it might be a good idea to still pass your payments through separate email addresses linked to the same PayPal account. This is very useful if you are receiving payments from several different sources. To give you a concrete example, imagine a blog having affiliate arrangements with tens or hundreds of product vendors. If they all have their own affiliate systems, as is frequently the case, you would have signed up with each vendor and gave them your PayPal email address. Now if in the future you sell that blog, the new owner would have a very tedious job having to log in to each of these affiliate accounts and change the PayPal email address to his instead of yours. However if you had used an additional email address to your company’s PayPal account, the transition would be much smoother. You would just have to unlink that email address from your company’s PayPal account, and concurrently the new owner would add that email address to his company’s PayPal account. From that moment onwards all payments will reach the new owner’s account, without having to change any settings on the vendors’ side.

An important pro for having just one account for all your brands (if you don’t plan to sell in the immediate future) is easier management. You don’t have to log in to several PayPal accounts to check on things, you just have one account. Another potential issue with having multiple accounts is which account to process expenses from. If it’s not easy for you to associate expenses to a particular product, it might be a struggle to choose which PayPal account to use for them. For example, if you are using a backup service for all your product sites, and you want to make an automatic monthly payment, which PayPal account will you use if you have a number of them? Having just one account eliminates this problem altogether.

Another thing to consider is that PayPal assigns different commission rates based on the volume of transactions per month that an account generates. Thus if you have everything going into one account there might be a better chance for you to get the lowest rate than if you separate the accounts and hence lower the volume of each account.

Hopefully, this is helpful to you when deciding whether to open separate PayPal accounts for each product you own or not. Please leave a comment if you have any further questions and I’ll do my best to answer them.

  1. Are You Losing out from PayPal’s Exchange Rates?
  2. 🤔 Which PayPal Account is Best for You?
  3. 💸 Changing Your PayPal Withdrawal Currency
  4. 💸 Understanding PayPal Cross Border Fees
  5. How to Withdraw From PayPal into a Maltese Bank Account
  6. 💳 Withdrawing Money From PayPal for Non-US Accounts
  7. Which PayPal E-Commerce Checkout Service Should You Use?
  8. 🤔 Should You Open Separate PayPal Accounts for Each of Your E-Commerce Stores?
  9. 🆚 PayPal VS Wise Borderless
  10. 💳 Linking Virtual Bank Accounts and Cards to PayPal (Revolut, Wise etc)
  11. How to Change Ownership of a PayPal Account

Filed under: Business

📧 Email Addresses to Set Up When Opening a Company

Last updated: August 11, 202251 Comments

choosing-perfect-email-address

When opening a company one of the first things you should do is choose an email provider. My favorite is Google Apps for Work. You can also use Zoho Apps if you are a small business and want a totally free solution.

Once you’ve got your mail set up you want to set up individual email accounts.

Personal Email Accounts

Each person in the company should, of course, have their own personal email address that they can use on a daily basis for internal and external communication. This is the email address that they can put on their business cards and also use for logging into the various tools that the company uses.

Tools like Slack are now aiming at killing email for internal communication, and they’re having a great of success. However, email is not going away anytime soon as there are many more uses for it apart from internal communication.

For personal email accounts I recommend using this format:

[email protected]

In my case, for example, I would use [email protected]. If the person has a really long name or surname you can use the shortened version or even set up an alias to that account. For example, you can have the mailbox named [email protected] but then also set up an alias for [email protected] and emails sent to that alias will also end up in the person’s inbox. This also applies to people who have a name that’s hard to spell.

Read more: How to start a blog

Need hosting? I recommend Bluehost for starting out with your website. You can read my article on how to create your first website and sign up to Bluehost; it’s a reliable and cheap hosting service that won’t let you down.

Some companies prefer to just use the firstname@ option and omit the last name. This works for very small companies but you will soon run into problems when the second Joe joins your team. You’ll soon end up with a mess, with some people using their first name only and others having to use their first and second names or something unsightly like joe2@.

My recommendation is, therefore, to start right away with the firstname.lastname@ combination. If you get two people with the same first and last names, you can use introduce the initial for their middle name or something similar. For example if you have two people named Joe Smith in your company, the second one can use [email protected].

Generic Email Accounts

Next, you will want to set up a few email accounts to be used for mostly administrative, support, billing and as a first point of contact with your company. Make sure you cover all the business functions of your company.

Here are a few essential ones to start off:

  • admin@ for administrative purposes such as being a Google Apps admin
  • support@ for your helpdesk
  • billing@ for billing and payments
  • hello@ as a general point of contact
  • careers@ for job applications
  • domains@ for domain management

[Read more…]

Filed under: Business

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Jean Galea

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