Dan Malone

Yes.

I think it's more so important to be aware of the different ways and the different fees that exist outside of commissions because you can get caught out with different kind of fees with different brokers.

Like, for example, certain brokers might have deposit fees where...

you are charged a percentage fee by topping up your investing platform using Card or Apple Pay or Google Pay.

But you can actually circumvent that fee altogether by just using a bank transfer, right?

Seems pretty straightforward as well.

Like it's not a hard fee to dodge.

The other one is foreign currency fees.

So we obviously use the euro in Ireland.

But anytime we have euros in our trading accounts and we want to invest in a stock that's quoted in, let's say, US dollar, there has to be a currency conversion there.

And where that happens, the broker will charge a foreign currency translation fee on that.

So like, again, to use example, trading 2 and 2 charge 0.15%.

But what's really cool about specifically that example is T2 and 2 is actually a multi-currency account.

So you can top up your account using US dollars and then use those dollars to invest in US stock.

So you won't have any currency conversion.

They do.

Yeah.

So first things first, all of these financial technology companies are regulated, right?

And I don't think we give enough credit to companies that are regulated to begin with, because getting regulated in the European Union

irrespective of whether you're a bank or you're an investment firm, is a very, very difficult process.