Recent content by indextrader

Dude, you think people are that stupid? Like they say...put up or shut up! First, if you made ANY money before you'd go and trade somewhere with your own cash since you'd get much better terms, no profit split, etc. Second, a real trader does NOT bother with "simulator" bull****. You either...

You can form an offshore IBC for around $2-3 grand. Yearly 'maintenance fee is about $1k, bank fees of 15-30/mo. So the upfront fees add up. You need to use an offshore location acceptable to most brokers. Some places are not 'acceptable'. Stay away from Pacific islands, Africa, etc. Try to...

That's kind of what one firm is suggesting. Maybe do CFD's on UK stocks and trade the regular shares on non-UK stocks. It'd probably work as long as the platform/broker accomodates both. I was under the impression before, that spreads would be wider with CFD's but was recently told by a broker...

Hi Parky, Thanks for your input here. It's interesting that you define whether stamp duty is payable depending on whether delivery of the underlying stock takes place. If I may continue on the same line of thought, then, would a trader at a prop shop be obligated to pay stamp duty ONLY if he...

Arbitrageur, So you're saying that it's entirely legal and a fairly straight-forward process that prop firms are not taxed on stamp duty? Looking at a few prop firm websites, some make no mention of being an exchange member and instead will say that they "clear thru xxx clearing" and xxx...

Great point. I trade US markets full time as a non-professional and haven't seen much need to join any prop shop. My interest in joining a UK firm is for 3 reasons... 1. Commissions paid would have to be less than what I pay retail. 2. I need access to most European cash equity exchanges...

If any of you guys know of a UK trading firm/arcade that has access to most major European stock exchanges like LSE, Xetra, Euronext, Madrid, etc. please post here the firm's name. Need to trade remotely, though. I can put up capital if necessary as long as it's a good/reputable firm. btw...