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Just a side note. Being classified as a professional client in terms of Mifid II = access to all US ETFs and lower CFD interest does not mean you will be classified as professional in terms of data fees. Two different things.

What I meant is, maybe the US ETF providers want to sell the same product at two different prices. I just checked SPY versus SPY5 where it does not seem to be the case. Just a theory.

Maybe they want to differentiate the two markets and charge higher prices in Europe where the competition is less fierce.

What is wrong with the truth: Home Trader?

I question whether she did that or whether the business was inherently great, since she allegedly did not have any experience when taking over the job.

The key point of this story is rather that on average it is better to invest in a great business with mediocre management than a mediocre business with great management.

The tax on proceeds from the sale of stocks is actually zero in Greenland. However, it is cold and probably very boring.

What I like particularly about Interactive Brokers is that they treat their customers fair across the board: - fair interest paid on idle cash balances - fair interest charged on margin loans - fair interest paid to you on short sale proceeds cash balances - direct market access instead of...

The reason I chose Revolut instead of Transferwise is this: "Incompatible Accounts & Currencies When you send money to TransferWise, there are a few types of bank accounts that we can't receive from, because they don't include your name as the sender. These include, but are not limited to...

Interest rates have just been cut after the Fed reduction. However, as you can see you earn a fair interest on short proceeds at IB: https://www.interactivebrokers.com/en/index.php?f=1595&p=secfinancing

Since you are retired, I would argue you have every reason to travel overseas. "The Interactive Brokers Debit Mastercard can be used anywhere Debit Mastercard is accepted, both to make purchases and to withdraw cash from ATMs. ATM withdrawals: Some ATMs require that you choose Checking...

Yes. However, I do not think for instance most brokers will accept wires from Revolut, because even though Revolut has been granted a banking license, it has not been fully implemented. Revolut was just started a few years back. That also means there is no deposit insurance until it becomes a bank.

I agree. Just a tip: IB said they were going to launch debit cards in Europe by the end of 2018, but that did not happen (maybe because of Brexit). However, as you noted, you can for a modest commission buy, sell and hold almost any currency in your IB account and transfer the currency to...

What in particular don't you like about IB's products?

Has anyone seen a similar graph covering a longer period?

I would argue that commission combined with interest rates alone (irrespective of whether you are borrowing or earning interest) puts IB pretty much ahead of everyone else. On top of that comes all the other advantages of which safety including the Insured Bank Deposit Sweep Program is high on...

Does anyone know how an active trader is taxed in the Czech Republic? Is it 15%? Or 15% + 7% solidarity tax? Or 15% + 7% solidarity tax + X% social contributions? Thanks.