Stocks

It's simple. All you need to do is select the stock you wish to buy (our finder tool will help) and then issue us with the purchase order. To be able to trade, you will need to open a securities account with us where we will deposit your securities and send the order to the market for execution.

There are several types of orders: • “Market” order: it is executed entirely at the price that is quoted on the market at that time. If there is not enough volume at the first price, it will be partially executed at that price and the rest will be crossed at successive prices until it is fully executed.

• “Best price” order: it is executed at the best price at which the stock is trading on the market at that time. However, if there is not enough volume at that price (set as the best price), it will be partially executed, with the rest pending execution at that price (or better) for the rest of the session. This order only applies to the Spanish market.

• “Limit” order: a maximum purchase price or minimum sale price is set. If the order cannot be executed at that price or better, it remains pending execution until the expiration date you have set.

Yes. You can sell them on the stock market whenever you want. The money will appear in your current account instantly, as we settle the transactions in a matter of seconds.

At Openbank, you have access to the main global stock exchanges (if you don't find the stock you're looking for in the following markets, give us a call on 91 177 33 16, from 8 a.m. to 8 p.m., on any trading day of the Spanish market):

• Germany
• Austria
• Belgium
• Denmark
• Finland
• France
• Spain
• USA
• Greece
• Ireland
• Italy
• Luxembourg
• Norway
• Netherlands
• Portugal
• UK
• Sweden
• Switzerland

Our trading fees are son:

• National markets:
  • Up to €75,000 euros, 0.20% with a minimum of €10
  • Between €75,000 and €100,000, 0.15%
  • For more than €100,000 euros, 0.09%
  • For your Banco Santander shares, the purchase fee is reduced to 6 euros per transaction up to €90,000, and you will be charged no fees whatsoever for dividend pay-outs, capital transactions or custodial services
• International markets
  • 0.20% with a minimum of €30

These fees include the brokerage fee charged by Banco Santander, S.A. Market fees are not included.

Our custodial fee is:

• National markets:
  • 0.15% with a minimum of €12

• International markets:
  •  0.60% with a minimum of €10.

Annual fee charged quarterly on a pro rata basis.

 For more information, please see our fee schedule.

Yes, the MiFID Directive, which is a community regulation that protects you as a customer and improves the operation of financial markets. It establishes a classification of customers and products in order to offer you the investment that is most suited to your interests.

You can get started right away by logging in to your Customer Area or by calling us on (+34) 91 177 33 16. Or, if you prefer, you can also access this service through our app on your phone or tablet.

It is the new tax that will come into force on 14 January 2021, which will levy 0.20% on the purchase of shares of Spanish companies with a market capitalisation above 1 billion euros. The sale of shares is not subject to this tax.

Spanish companies with a market capitalisation below 1 billion euros, as well as ETFs and Warrants, are exempt.

In relation to intraday trading (purchase and sale of shares of the same company, from the same securities account and on the same day), the tax will only be applied to the difference between buy and sell transactions executed that day on taxable shares.

For example, for the purchase of €1,000 in shares of a company, you would pay €2 for this tax.

See companies affected by the Tobin Tax.