Summary: Many Dutch investors use the online payment method iDEAL to pay for products and services. However, it doesn’t offer any investing features directly through its online platform. Not to worry, there are a few exchanges that accept iDEAL as a deposit method for Euros.
The best and most secure online brokerage platform is eToro, it is a multi-asset investing exchange with six asset classes. On eToro users can purchase stocks, ETFs, indices, commodities, fiat currencies and even cryptocurrencies. Additionally, it is available to use in over 140 countries and the platform can be used in 30 different languages including dutch.
Where to buy stocks with iDEAL?
There are not many secure online brokers that accept iDEAL as a payment method. However, the largest global trading and investing platform, eToro, does accept iDEAL. This is because eToro is a global platform with over 20 million users in 140 countries and accepts many forms of payment. It is the largest multi-asset investing platform in the world and is regulated and licensed to operate in the Netherlands.
eToro or "eToro Europe" is a registered Cypriot Investment Firm under registration number HE200585. The platform is regulated by the Cyprus Securities & Exchange Commission under license number 109/10. Additionally, it's registered with De Nederlandsche Bank N.V. as a supplier of cryptocurrency services. If you want to learn more about eToro and it's security fees, features and more, visit our eToro Review.
How to buy shares with iDEAL in the Netherlands
There are a few ways to buy shares with iDEAL but the best way is through the eToro exchange. In addition to iDEAL, Dutch investors can deposit Euros via Bank Transfer, Credit/Debit card, Rapid Transfer, Skrill, Neteller, Klarna & Trustly on eToro. Follow the below steps to purchase shares with iDEAL.
- Create an account: Open an account on eToro and complete the sign up process.
- Deposit Euros: Click 'Deposit Funds', tap 'iDEAL' and follow the prompts on iDEAL.
- Find Asset: Find the stock you want to buy in the search bar and select 'Trade'.
- Buy Stock: Input the amount of EUR you want to invest and click 'Set Order'.
Is it expensive to invest in shares?
Not at all, especially if you're using the eToro exchange as it offers free and instant deposits via iDEAL. Additionally, it offers commission-free trading on stocks and ETFS, meaning it is virtually free to invest in shares. The only fee you need to consider is a $5 fee on all withdrawals to a bank account. For a detailed breakdown of its pricing, you can visit eToros Fee Schedule.
What is iDEAL
iDEAL is a payment method that allows consumers in the Netherlands to pay online using their own bank account. It's supported by all major Dutch banks, and enables customers to make secure, real-time payments directly from their bank account. Online merchants can also benefit from iDEAL, as it offers a simple and convenient way for them to receive payments from their Dutch customers.
iDEAL was launched in 2005, and has since become the most popular payment method in the Netherlands. In 2015, over half of all online payments in the Netherlands were made using iDEAL.