Frequently Asked Questions
The basics
What is an "insider" here?
A Person Discharging Managerial Responsibilities (PDMR) at a European listed company under MAR Article 19: CEOs, CFOs, board members, senior executives. Also persons closely associated — spouses, dependent children, family trusts, companies they control.
Is this insider trading? Isn't that illegal?
No. Insider DEALING on material non-public information is illegal. Insider TRADING in the colloquial sense — corporate executives buying their own company's stock through normal channels and disclosing it — is legal, public, and required to be reported within 3 business days. That's the data we track.
How is this different from regular stock tips?
We don't tell you what will go up. We show you who's historically been right when they buy their own stock. The signal is the insider's own wallet, not anyone's opinion.
Methodology
How do you compute the "win rate"?
For each insider with at least 3 disclosed buys, we look up the company's share price (via Yahoo Finance) on the transaction day and again at +3 months and +12 months. Win rate is the percentage of buys that appreciated by then. Average return is the mean percentage return. We apply Bayesian shrinkage toward a 50% baseline using a Beta(5,5) prior so a 1-buy lucky hit doesn't jump to the top.
Why don't you count sells toward the win rate?
Sells have many motivations that aren't directional bearishness: tax obligations, option-vesting schedules, diversification, spousal buyouts, charitable giving. Including them would add noise without signal. We show sells in the profile but they don't affect the rating.
What's a "cluster buy"?
When 3 or more insiders at the same company buy shares within days of each other. Coincidence is possible for two; three suggests coordinated optimism.
How fresh is the data?
Each regulator publishes filings within 3 business days of the transaction. We refresh every regulator nightly at 02:30 UTC. Transaction → visible on InsideREU lag: typically 24-72 hours.
Coverage
Which countries do you cover today?
Germany (BaFin) and Sweden (Finansinspektionen), with their full MAR Article 19 disclosure registers. Together: roughly 30-35% of European listed-equity market cap by value.
When will you cover France, UK, Italy?
Progressively. France AMF, UK FCA, Switzerland SIX and others use JavaScript-rendered frontends with anti-bot protection that require browser-automation scrapers. Paying subscribers get priority — we reinvest subscription revenue into the scraping infrastructure.
Why not the US?
OpenInsider already nailed the US. European data sits fragmented across 30+ national regulators in 6+ languages, poorly indexed. That's the gap we're filling.
Do you cover ETFs, funds, bonds, options?
No. Only PDMR-disclosed transactions in shares of the company they work for. Options grants aren't counted either (they're compensation, not a directional view).
Using the product
What does a paid subscription get me?
Full leaderboard (free shows top 5), real-time email alerts when insiders you follow file new buys, CSV export of all data, cluster-buy alerts with zero delay, and the weekly plain-English digest (Mondays 08:00 UTC).
How do I actually place a trade?
InsideREU is signal-only. You execute through a broker of your choice. We've compared European brokers at /brokers — DeGiro, Trading 212, Revolut, Interactive Brokers, and Trade Republic.
Can I cancel anytime?
Yes, from your account page. Access continues to the end of your paid period. 30-day money-back guarantee on your first purchase.
What's the trial?
Paid plans get the first 14 days free. No card charge during the trial. Cancel before day 14, no payment.
Do you have an API?
Yes — public, no key needed, CORS-enabled, rate-limited to 30 requests per minute. See /developers for endpoints.
Legal / risk
Is this financial advice?
No. We aggregate public regulatory filings and display them. Whether to act on that information is your decision. See our disclaimer.
Can I get in trouble for copying insider trades?
No. The transactions we show were disclosed specifically because the regulator wanted them public. You're just acting on already-public information, which by definition isn't insider dealing.
Why don't insiders outperform 100% of the time?
Because they're humans with imperfect timing. Research shows insider buys beat random chance by roughly 4-6% per year on average; some individual insiders are dramatically better, and those are who we help you find.
About us
Who built this?
George Woodworth, a Portugal-based solo founder running multiple SaaS products.
How do you make money?
Subscriptions (€9/mo or €69/yr) and affiliate referrals from brokers listed on /brokers. Never: selling user data, advertising to subscribers, paid-for ranking.
Still have questions? Email george@insidereu.com. See also: About · Brokers · API.