Finance

Stock Trading In Netherlands-Finding a Broker, Opening a Trading Account, and Trading Hours

By Mashum Mollah

October 12, 2021

Trading Account

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The Amsterdam Stock Exchange (ASE), found deep in the heart of Europe and often regarded as the world’s oldest stock exchange, is a critical component of Euronext’s business model. In addition to operating in major European nations, the Dutch stock exchange (Euronext) is also a Pan-European stock exchange market.

ASE dates back to the 2000s, and a merge with other major European stock exchanges gave rise to Euronext Europe. Today, the Euronext stock exchange market has well over 1200 companies listed on it, with a total market capitalization beyond €4 trillion. When it comes to investing in the stock market in the Netherlands, what do you need to know?

Identifying a broker

Identifying a broker

If you wish to invest in the Netherlands stock market, you may establish a trading account with a broker located in the nation or another country. However, some brokers have a bias when it comes to foreign investors. Some of the reasons they choose not to take on foreign investors include country restrictions, stock exchange regulations, and taxation.

However, if you are a foreign investor looking for an international brokerage firm in the Netherlands, you are lucky because many of them offer excellent services. One such global brokerage firm is the Danish-based Saxo Bank.

The Saxo broker offers investors a trading platform with access to various beneficial trading instruments and global financial markets.  The platform uses software compatible with multiple operating systems such as Windows and mobile devices like iPhone IoS, Blackberry, and Android.

How to Open a Netherlands Stock Exchange Trading Account

How to Open a Netherlands Stock Exchange Trading Account

The time it takes to open a Netherlands stock trading account can be as little as just a few minutes to as long as a few weeks, depending on certain circumstances and the broker. Besides the broker, the other crucial factors to consider when opening your trading account are the required minimum amount you should deposit and the trading platform user-friendliness.

The identification verification that occurs to indicate the end of the trading account opening procedure varies from one broker to the next. Some brokers might need you to send copies of identification documents before opening satisfying our trading account open, but in most cases, investors complete the procedure entirely online.

The following are the kind of documents your broker might most likely ask you to provide a copy of or upload.

  • Identification documents such as a national identification card, a driving license, or a passport
  • Utility bills and Bank statements are forms of identification that help provide your broker with proof of address

Some Netherlands stock exchange brokers dealing with foreign investors will not authorize your account until you pay them a minimum deposit amount, which is not much. However, you might also come across brokers requiring you to pay several thousand euros or dollars before authorizing the account.

Stock Exchange Trading Hours in the Netherlands

Stock Exchange Trading Hours in the Netherlands

Along with paying careful attention to the opening hours of the Dutch stock market, you should also keep an eye on the opening hours of all other major stock exchanges across the world. The rationale for this is because they have the potential to have a significant effect on the price of the Dutch stock exchange.

So, what are the trading hours for the Dutch stock exchange?

From Monday to Friday, the Euronext is open from 9.00 a.m. to 5.30 p.m. The market does not open on Saturdays and Sundays, as well as during these holidays:

  • New Year’s Day
  • Good Friday
  • Easter Monday
  • Labor Day
  • Christmas Day
  • Boxing Day

If you want to trade outside the regular trading hours, you can liaise with your broker to know the way forward.

Wrapping up

The Dutch stock exchange established centuries ago still holds the record as the world’s oldest stock exchange. The trading market is also famous with investors from all over the world, making it an essential part of the European and global financial sector. The Netherlands also holds a strategic position in the European Union, is politically stable, and has one of the highest educated, skilled labor forces. The Dutch exchange market also enjoys several international brokers that provide traders with trading platforms integrated with innovation, making trading fast and easy.

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