Yeah, and the costs would be 2170 USD at these prices, Mandatum 348 USD, and maybe 100 USD in some Etoro if one dares to put their money into these. I like the UI and the NN product range is okay too, but the pricing surpasses even the most worn-out banks and other brokers.
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Remember then, sweethearts, that here on the internet, the truth is always exactly what the trumpet of truth wants it to be.
Mandatum:
NN:
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Has anyone else’s linked bank account disappeared from Nordnet? I thought it was possible to withdraw money to the account from the mobile app before, but now it says it takes 5-10 business days 
Of course the level affects it, there was no question about that. That contrast is just striking if one had to go to a new broker to trade and put 20+ $ into an order.
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I certainly didn’t claim NN was the cheapest. I merely pointed out the previous writer’s distortion by offering a distorted view of the same data in the other direction.
Personally, I value ease of use, a superior mobile user experience, and the fact that the time spent preparing tax returns annually is 0 hours. On the other hand, I have never chosen my services primarily based on price, but rather on user experience.
Nordnet is no longer particularly affordable even on the Private side. The biggest advantage there is Inderes’ analyses for free, which is a clear saving of 20 euros/month. But brokerage fees would be cheaper from Mandatum. Nordnet’s user interface is good in itself and customer service works, so these things also have their own value.
If I were to start investing now, I would probably look for a broker other than Nordnet, as the minimum fees for American stocks are from the distant past (the fees were the same in 2008), they haven’t been updated to this day.
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I wrote that the activity level would remain low if one starts with exorbitant costs. I did not claim that another broker would be better (even if that were the case), but I linked Mandatum because coincidentally, my current broker’s fees are in line with this. As you can see from the price list, they are considerably more reasonable than NN, but this is a different discussion because it is influenced by the market, quantity, portfolio value, and the various permutations one considers the matter with. You could even ask Gemini to compare the different options and you will notice that NN’s starting level, especially for small trades, is ridiculously expensive.
“superior mobile user experience“ this, however, is saying quite a lot. At best, it’s a standard mobile application. Usability is quite good. Information flows to the tax authorities from other sources than NN as well, even though in some services, portfolio size affects it.
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This was precisely the reason why I humorously addressed your distortion. The prices of Mand
Apparently, Trustly worked quite smoothly and withdrawing was a breeze 
If it’s not a baseline for you, does that mean it’s not for anyone else either?
Well, continuing the discussion is indeed pointless because everyone else is ridiculous and you are right. Let’s just say that.
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These disappeared already in the spring, and it was discussed here at that time as well. Nordnet only informed about the matter after my complaint; perhaps you missed it.
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I opened an account with IBKR, where passport and address details are still being reviewed before final client approval. I transferred my Share Savings Account to Danske from Nordnet when there was a campaign, the benefits for share savers are good, and I already have a student loan there.
What’s the cheapest way to transfer money to IBKR? There seemed to be two options: bank transfer or Wise. However, bank transfers cost money, which diminishes IBKR’s advantage in brokerage fees. I
There should definitely be “Bank Transfer/SEPA”, which is free. The fine print states that the sending bank might charge fees, but it seems no Finnish bank charges such fees for a private customer’s SEPA payments.
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I have made EUR bank transfers (Bank Transfer/SEPA) from OP to IB, and no transfer fees have been charged at either end. I have transferred currencies between IB accounts without transfer fees. IB has charged 2 USD/exchange for currency exchange.
On the transfer page, there is a mention “Fees: Determined by your bank, generally fees do apply”, but OP has not charged for the transfers.
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From the IB application, you can deposit funds. Once you have saved the bank details from where the transfer is made, you can select it directly. And if you have saved the IB details to your own bank, it will arrive as a bank transfer within a few hours, free of charge.
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I had the same problem. Support chat instructed that my customer information was outdated and needed to be updated on the nordea.fi / kyc page. After that, transactions have been successful again.
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Does anyone have thoughts on brick-and-mortar banks OP vs. Nordea, which of these would be a better choice? I was looking into an ownership arrangement that involves the retention of usufruct and it’s not possible with Mandatum or Nordnet. OP and Nordea said it is possible.
I would then need to transfer some of my stock assets to one of these (I already have accounts with both). What pros and cons come to mind? At OP, at least, customer service was much faster today than at Nordea.
I don’t have very recent knowledge of Nordea’s service, but from a few years ago, OP’s reporting was significantly more comprehensive. Yield curves and dividends received during the year and taxes paid on them, information on purchases and sales for the current tax year. I don’t remember exactly how it went, but Nordea was quite basic. Nordea probably has a 1% maximum fee limit for foreign ETF transactions. In Nordea, you have to trade for custody to be free.
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Thanks, that was it. Strange that the questionnaire didn’t appear automatically. The main thing is that it works.
These inquiries feel like an unnecessary hassle for those dealing with so-called ordinary sums of money. Once upon a time, I had to provide the bank with an explanation as to why I receive a payment from abroad once a month. The answer was salary, it was accepted, and I haven’t been asked since.
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