Mannheim Germany
Experience: Intermediate
Platform: IB/Prorealtime
Broker: Interactive Brokers
Trading: Micro NASDAQ
Posts: 5 since Oct 2019
Thanks Given: 0
Thanks Received: 0
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Now I got the surprise that 80% from the original amount was eaten not only from commissions but also from Taxes.
What an idiot! I couldn't believe that for every transaction, FxFlat is taking a part from "Kapitalertragsteuer" (Tax) directly.
I was thinking that ~25% of the traded amount has to be reserved for taxes.
But it seems more than that!
I have an other account with IB and I am afraid to get a similar tax requirement after a year of activity.
I think, I will concentrate on my IT-company. Living from trading is onla an utopy, at least in Germany...
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