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How to trade Japanese Stocks


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  #1 (permalink)
 FB2012 
Munich Germany
 
Experience: Beginner
Platform: MultiCharts .NET,MultiCharts,Amibroker
Broker: Interactive Brokers IQFeed
Trading: Stocks,Index CFDs
Posts: 149 since Aug 2012
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I play with the thought to live in the USA right now i enjoy the time difference between Germany and US stock market very much. Because i can trade at afternoon, which is for me a very productive time phase. I just like to sleep long.
Therefore i would like to know if anybody trades japanese stocks.

Basically i have two questions:
Which broker to use.
Which datafeed delivers realtime quotes of japanese stocks.

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  #3 (permalink)
 TheBoy 
Bangkok, Thailand
 
Experience: Beginner
Platform: NinjaTrader
Broker: IB, Stage 5
Trading: Futures
Posts: 12 since Jun 2013
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FB2012 View Post
I play with the thought to live in the USA right now i enjoy the time difference between Germany and US stock market very much. Because i can trade at afternoon, which is for me a very productive time phase. I just like to sleep long.
Therefore i would like to know if anybody trades japanese stocks.

Basically i have two questions:
Which broker to use.
Which datafeed delivers realtime quotes of japanese stocks.

I'm researching for similar data - I am a UK national but based in Thailand, and looking at the practicalities of trading various global markets that provide better liquidity than Thailand / Singapore, whilst considering time differences, commission charges, broker coverage, data availability/costs - and in my view most importantly, capital gains tax.

I am in the process of opening an account with Interactive Brokers. They cover the TSE and you can pay JPY 300 per month for the data (non-pro rate). Flat rate commission charges are 0.08% of trade value, minimum JPY 80.

Do you by any chance know the capital gains position for non-residents that trade TSE remotely? I have searched around a fair bit but have not found anything clear. The best I came across was a statement that "non-resident or non-permanent resident is only required to pay capital gains tax on income received in Japan" (from angloinfo expat site - hardly authoritative, I know!). I'm not sure if a gain made trading on the TSE would be viewed as being "income received in Japan". Any ideas / further info?

TheBoy

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  #4 (permalink)
 
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In most countries the deal is that if funds are earnt there, you pay the tax. By earnt there, it usually refers to your physical location.

I would presume but could not be 100% sure that the fact you and your account are outside of Japan means you will be free of taxes there.

IB should be able to help - once your account is open they will be able to tell you.

I doubt that the Japanese are going to attempt to collect taxes from foreign nationals living overseas.

US stocks are fine too - just fill out a W-8Ben and you are tax free there. Most of the guys I know out here are trading Futures, not stocks - Aussie, Japan, Korea, Singapore.

As for Thai futures - something like 450Baht a round turn last time I asked - which is ludicrous.

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  #5 (permalink)
 FB2012 
Munich Germany
 
Experience: Beginner
Platform: MultiCharts .NET,MultiCharts,Amibroker
Broker: Interactive Brokers IQFeed
Trading: Stocks,Index CFDs
Posts: 149 since Aug 2012
Thanks Given: 81
Thanks Received: 84

Indeed I can trade japanese stocks by using IB as an broker.
But maybe there is a better choice especially in case to reduced fees.

I would like to day trade those stocks, therefore I am searching good advise which
datafeed to use. Because IB will maybe just deliver compressed tick data, for trading
I just prefer real tick data.
Do anybody know where to get real tick data for the japanese stock market.
barchart seems to only deliver US stocks the same is true with IQFeed and esignal is in my opinion
to expensive.

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  #6 (permalink)
 TheBoy 
Bangkok, Thailand
 
Experience: Beginner
Platform: NinjaTrader
Broker: IB, Stage 5
Trading: Futures
Posts: 12 since Jun 2013
Thanks Given: 29
Thanks Received: 1


DionysusToast View Post
In most countries the deal is that if funds are earnt there, you pay the tax. By earnt there, it usually refers to your physical location.

I would presume but could not be 100% sure that the fact you and your account are outside of Japan means you will be free of taxes there.

IB should be able to help - once your account is open they will be able to tell you.

I doubt that the Japanese are going to attempt to collect taxes from foreign nationals living overseas.

US stocks are fine too - just fill out a W-8Ben and you are tax free there. Most of the guys I know out here are trading Futures, not stocks - Aussie, Japan, Korea, Singapore.

As for Thai futures - something like 450Baht a round turn last time I asked - which is ludicrous.

Many thanks for the prompt reply on the CGT query which I posted in relation to Japan but actually, am in the process of researching globally. I noticed that we are in the same wonderful city - I'm working for a UK company here as an accountant (used to work for the Big 4 in London, then Big 4 in Bangkok, now UK company's Asia HQ in Bangkok) but have decided to pack it in and trade for a living, starting - well now, but working until the end of Sept. A big jump but one that I feel will go well.

I see from your signature that you have a lot of knowledge in this area - what markets do you trade from Thailand? I see you use Ninja - and references to TWS so perhaps IB as a broker - do you also get your data from IB?

Cheers

TheBoy.

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Last Updated on July 17, 2013


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