Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
In case of bankruptcy is 20000 EUR to low.And just becose they are big doesnt mean that they canf fall.I will definitly not agree to transfer my account to one of these subsidiaries. I guess that my account would be transfered to IBCE (Hungary) and of course that mean that they will close my account
Whereas Schwab and E-Trade do not accept customers from Austria, Tastytrade is unable to provide a reporting well suited for Austrian Taxes. The European brokers are not acceptable to me because of their quality (there are very many complaints about Degiro) or their high fees (Saxo Bank, Swiss Quote).
Thus, I decided to leave a part of my account with IB for trading and to move the investment part of the account to a local broker in Austria (probably Dadat). Fees are not as important for investing as for trading.
I worked with a US broker some years ago. They reported in US Dollar, and they did not show the results of closed trades for options as a sum. Compiling the tax statement and discussing it with the financial authorities was a nightmare for my tax adviser and for myself. And it was expensive.