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IPO underpricing is on average 10%. The 10% goes to friends of friends of the underwriters. Friends = high commission revenue. Once in a while significant IPO stock is offered to non-friends. Those are on average the lemons.

"Please note that in the near future, Interactive Brokers will allow eligible Retail clients to elect to be treated as Professional clients, which will allow them to trade certain products that are not available to Retail clients. Generally, the ability to elect to be treated as a Professional...

The crafting and decision to implement this regulation preceded the Trump tarifs by years. So Trump could have pointed to this regulation as a technical trade barrier, which it is.

ES NQ CL and similar futures are fine.

Thank you for sharing.

Were any of the orders short orders?

Since no one seems interested in the Swedish “investeringssparkonto,” I thought I would add Swedish women to the equation.

In Sweden active trading income is not taxed as business income nor as regular income irrespective of the volume or frequency of trading. Sweden has introduced the “investeringssparkonto” which is taxed at around 0.5% of total assets irrespective of profits. Long stock positions and selective...

Read. Thank you for your answer.

I am sorry if I make the presumptuous assumption that you now live in Switzerland. Surely, the zero capital gains rate in Switzerland does not apply to active trading. Otherwise we would all live in Switzerland. However, if you happen to know the tax rates in Switzerland, how much is it...

Do you have a take on whether the Dutch box 3 taxation applies to active traders? https://en.wikipedia.org/wiki/Income_tax_in_the_Netherlands If that is the case, I imagine every serious active trader from Belgium would relocate to the Netherlands.

I see. I have not seen this version before. It is amazing how it seems every single country has been able to come up with their own unique tax rules within this area. It just goes to show that there is no internal logic to taxation. Under this system I figure I would end up with an effective...

If this goes for every separate transaction and not just for the net result per year, I would argue this is probably the worst/most harsh tax environment for traders on the planet. Example: 5.000 trades with an average profit of USD 1.000 4.500 trades with an average loss of USD 1.000 Net...

In Denmark the marginal income tax for trading as a business is 56%.

Why do you believe the use of IB's SMART order routing leads to commissions going through the roof? Thank you.

Long term investing: 10% corresponding to the return including net dividends of the MSCI World index. Short term trading: a percentage figure doesn't make sense, because you typically cannot scale above a certain amount of capital due to market impact. Instead measure performance in absolute...

https://www.expatax.nl/kb/article/tax-for-capital-gains-is-it-applicable-in-the-netherlands-and-if-so-in-which-situations-209.html

I think I found the answer to this one myself. It seems the tax is simply applied to your global net asset value at the beginning of the year. Thus, no special account and no pre-approved bank/broker is needed. You can use Interactive Brokers or whatever broker you choose. And you can probably...

Those are all valid points. I do not know the US tax system well enough to estimate the effective tax rate of an LLC setup, but I’ll take your word for it. What do you think the effective tax rate is all included of an LLC setup assuming USD 500.000 income – ballpark figure? When I use the...

Just to be clear, I do not suggest any US traders relocate to Sweden (and I am aware that US citizens are taxed globally.) But in a European context 30% is pretty good for active traders. As a point of reference, just across the border in Denmark, an active trader whose trading is considered a...