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If you trade full time through a US based partnership (such as a prof trader), then it is difficult to argue that trading is not your business. In that case, the dutch taxes won't bother you though, because you pay US taxes. My accountant tells me that under the double taxation treaty between NL...

Unfortunately that does not apply to professional traders in the Netherlands.

Check this link for some serious information: http://www.greencompany.com/nonresidenttraders.htm The key is whether you trade as a prop trader through a US based partnership, or wherther you are a retail trader. Oliver

Then you better start learning to program in VBA. Check out http://groups.yahoo.com/group/xltraders/ for posting specific questions on how to.... Oliver

the circle is growing.......i'm trading pro with Bright from Amsterdam Oliver

Maybe somone can help me out with the following 2 problems that I have in coding with VBA (Excel) and the Redi+ interface. 1) If I want to submit 100+ orders (such as for OPG strategies), how can I increase my submission speed for the orders ? If I submit them one-by-one, the process can take...

Thanks for your input ! Oliver

Since I started this thread, I may as well conclude it with the information I was able to gather from 2 accountants: As a resident in the Netherlands trading through a US based LLC, I will have to pay US income taxes and Dutch social security taxes. Technically, the exposure exists that...

Did anyone follow the action in the last 10 trading minutes in MVK ? MVK was supposed to be added to the SP600 index as of the close of today. So traders usually suspect indexers to buy heavily in the last minutes before the close. Usually the specialist indicates 20 min and 10 min before the...

Be careful off small cap stocks today: Russel rebalancing takes effect at the close of today. last 2 hours will be wild in some names.

as a long term trade ? June 26, 2002 Competitors may benefit from the elimination of WorldCom’s capacity mismanagement. WorldCom, Inc. (NASDAQ: WCOM) (Price: $0.83) disclosed that it had inappropriately understated its operating expenses by $3.8 billion in the last 15 months...

This is really great news !!

Someone who does not have another regular job and someone who spends "a lot of time" doing trades.

As far as I know, capital gains are taxable if you hold your investment less than a year. Daxtrading gains will thus be subject to taxes. :-( As for the Netherlands, capital gains are NOT taxed IF you are NOT a professional trader.

Where do you get that information from ? I get conflicting replies to the oversea taxation all the time. Do you have a link that gives more info on the status of a pass-through entity ? Thanks, Oliver

I'm in the UK and was considering remote trading with Bright or another, how do you find it? Do they allow you the same leverage as on site traders? I have already asked my accountant about the tax status. He is looking into it. Whatever it is for me should be the same for you as we are both...

Since I do trade through an LLC, I think it will be impossible for me not to be considered professional (although I'm still waiting for confirmation from my accountant). If you trade retail and have another regular job, I think you probably would get away with it.

I found out that the 1.5% rule only applies if you are NOT a professional trader :mad: If you trade professionally, your highest tax bracket can be up to 58% !!!!

I see. That's v. annoying. Have you considered running e-redi on a backup machine ?

but even if redi is down, you can still trade through other "channels" such as INCA, ISLD and ARCA.