DEGIRO is one of the most popular and widely selected stockbrokers in Europe. If you have read our detailed DEGIRO review you will know everything about what they have to offer traders.
Here we will focus solely on how to buy stock in one of the most popular tech names of the moment, Xiaomi shares. You can buy Xiaomi shares on DEGIRO and the process for doing so is both fast and convenient.
Here we will guide you clearly through every step of making your first Xiaomi share purchase through DEGIRO.
Table of contents
DEGIRO Xiaomi Share: How to buy
Xiaomi shares are available to buy through the DEGIRO platform. You can find them on the Hong Kong stock exchange which is available at the broker and you will find it by searching the stock in the handy search bar, or under “Exchanges in Asia and Oceania” in the more detailed search function.
The Hong Kong exchange is the second-largest in Asia by market cap according to current data, just behind the Japan Exchange Group, while it is currently the fifth-largest in the world by the same measure.
Below you can see the top 5 Hong Kong Exchange-traded stocks on the DEGIRO platform.
Step 1 – Sign up for a DEGIRO trading account
The very first step in the process will be to register your DEGIRO account(Investing involves risk of loss). You can do this by visiting the broker website and clicking the “open an account” button first of all. You will then be guided through the process by on-screen prompts to enter your personal information and complete a quiz on your trading knowledge.
You will also have to complete verification. For help and more information on this, you can see our clear and complete guide on DEGIRO account verification right here.
Step 2 – Deposit funds into your trading account
Once verification is complete you will be ready to trade. This means making a DEGIRO deposit. Again the process is easy and there are no minimum deposit requirements imposed.
The deposit methods available to you will vary based on location, but bank wire transfer, Sofort, or other local payment methods may be accepted. Credit and debit card deposits are not supported at this time, and only payment from within Europe can be accepted but a good range of base currencies are supported.
Your account is open, your money is in, you are now ready to buy your Xiaomi shares and others.
All you need to do is search Xiaomi in the platform search bar, click the asset to go to the related page where you will find a green button for buy, or red for sell. When you are ready to buy, hit the green button and you will be directed to enter the order specifics.
This means choosing the order type, inputting the maximum price you want to pay, and the number of shares to see the total cost. You will also select if this will be a day order or one that stays open until you manually cancel it (GTC).
With everything set, simply press the blue “Place Order” button for a final page to appear when you can confirm everything is correct. Once confirmed you can place the order and wait for it to execute through the platform.
DEGIRO Xiaomi Share: price feeds
Currently, live pricing is not offered by DEGIRO on the Hong Kong Stock exchange as well as for Canada, Australia, and Tokyo. What is offered though, is end-of-day pricing, so if you hold these positions, your balance should typically update at the end of that trading session.
DEGIRO Xiaomi Share: fees and dividends
Turning to fees, if you trade on the Hong Kong Stock Exchange the standard DEGIRO fee is a low €10.00 + 0.068% per order. There will also be an exchange connectivity fee of € 2.50 (max 0.25% of your account value) per calendar year per exchange.
Dealing with Dividends on DEGIRO can vary depending on your account type. If you hold a basic account your dividends will be processed freely. On a custody account dividends are subject to a fee of €1.00 + 3.00% of the dividend with a maximum fee of 10.00%.
There are differences between DEGIRO account types so if you want to know more you can read our DEGIRO basic vs custody profile guide.
Buy Xiaomi Share DEGIRO FAQ
Can I buy Xiaomi shares?
Yes, you can buy Xiaomi shares on DEGIRO. The broker gives access to more than 50 exchanges across 30 countries which include the Hong Kong Stock Exchange. You can also see that Xiaomi shares are the most traded from this exchange at DEGIRO.
Can you have two DEGIRO accounts?
Yes, you can as DEGIRO allows for its clients to hold multiple accounts. This way, you can experience first hand the difference between a basic or a custody profile and see for yourself which one suits you best.
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