This Buy Order Type Protects You From Broker Scams

Buying a stock “At Market” is the worst way to open a position

Image by Mikhail Nilov on pexels

When you invest and others don’t, they ask you,

“What’s your broker?”

I chose Degiro (you know it if you’re in Europe). It has no fancy interface. It has a limited number of American stocks and ETFs.

And Degiro is based in Holland. It can’t deduct my capital gains taxes automatically because I’m in Germany. I spend a few hours a year doing taxes myself. 

So why the hassle?

Degiro acts in your best interest. You save money by using it.

The broker lets you buy stocks and ETFs other than “At Market.” I’ll make it clear why you need to do that.

Let me tell you first how brokers can scam you.

The hidden risk you may not be aware of