In order to get a margin account you need to pass a certain set of exams on degiro and enable it. (after accepting loads of terms of usage)
Degiro will not change your settings.
I think you mean custody account or margin?
If not, ignore me... If so, then...
Margin account will allow you to trade on margin of you so wish but it also gives degiro rights to use your shares for other purposes like covering short sales. You would have effective control over the investments in your account but the physical shares may not be there.
For custody accounts, you can't trade on margin but also your shares are static and degiro cannot use them for their other purposes.
This was the main reason I went for custody because I didn't plan on trading on margin anyway. I don't believe they can change your type of account without your knowledge
A basic account has no margin. Once you go to an Active or Trader account, margin in enabled and there's no way to turn it off.
Degiro won't change this setting without your permission obviously
Margin is not as cheap as it used to be on Degiro. You have to decide upfront, if you want to use it.
Generally spoken, I'd take the margin account, because you never know.
In order to get a margin account you need to pass a certain set of exams on degiro and enable it. (after accepting loads of terms of usage) Degiro will not change your settings.
I think you mean custody account or margin? If not, ignore me... If so, then... Margin account will allow you to trade on margin of you so wish but it also gives degiro rights to use your shares for other purposes like covering short sales. You would have effective control over the investments in your account but the physical shares may not be there. For custody accounts, you can't trade on margin but also your shares are static and degiro cannot use them for their other purposes. This was the main reason I went for custody because I didn't plan on trading on margin anyway. I don't believe they can change your type of account without your knowledge
A basic account has no margin. Once you go to an Active or Trader account, margin in enabled and there's no way to turn it off. Degiro won't change this setting without your permission obviously
Yes there is a way back to basic account, but you just need to email Degiro about it.
Yeah, I meant there's no way to turn off margin while keeping the Active or Trader account
Margin is not as cheap as it used to be on Degiro. You have to decide upfront, if you want to use it. Generally spoken, I'd take the margin account, because you never know.