Insufficient Funds, Margin, Swiss Accounts & More

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Viewing 7 posts - 1 through 7 (of 7 total)
  • 01/29/2022 at 11:20 AM #186939
    nonetheless

    or move your account to IG Switzerland where margin requirements (to the best of my knowledge) are 1/10 of what they are elsewhere

    0.5% on major indices and currency pairs

    01/29/2022 at 11:45 AM #186941
    GraHal

    Move IG Account or open a new IG Account in Switzerland?  Much hassle or just admin job??  Any searching phone calls from anybody?

    Are you still tax free on SpreadBetting with a Swiss Account??

    Sounds good … oh I’m offshore now!!!! 🙂 🙂

    01/29/2022 at 11:53 AM #186943
    SnorreDK

    dont u need to live in Switzerland to avoid taxes if ur running spreadbetting?

     

    01/29/2022 at 12:03 PM #186944
    nonetheless

    You don’t have to live in CH to open a CFD trading account. No hassle at all, same as opening an account anywhere else. When they jacked up the margin requirements in the UK a few years ago I went to IG Australia for a while, but then they fell in line with the EU regs. Switzerland is the only one that still has the old rates

    They don’t offer Spread Betting, which seems to be UK only

    01/29/2022 at 12:28 PM #186951
    GraHal

    I had to look up CH so to save others … Confoederatio Helvetica, meaning Swiss Confederation.

    So if we are lucky enough to make over £12,300 (FY 21/22 cap gains allowance) on CFD’s then we be paying tax on an IG Swiss Account.

    Anybody ever done / provided the calcs to HMRC for CFD trading?

    I’ve provided calcs to HMRC loads of times for share trading using the website below (works well), but I’d like to know … does it work for CFD Trading?

    http://www.cgtcalculator.com/

    Guys do you think it would be worth moving the last 6 Comments to the General Trading Discussions?

    Or better still … move the whole Topic and rename to something like …

      Insufficient Funds, Margin, Swiss Accounts & More! 🙂

    01/29/2022 at 12:38 PM #186953
    nonetheless
    GraHal wrote:

    Guys do you think it would be worth moving the last 6 Comments to the General Trading Discussions?

    good idea, I didn’t mean to hijack the original thread!

    1 user thanked author for this post.
    avatar GraHal
    01/29/2022 at 9:25 PM #187035
    JC_Bywan

    New topic created

    1 user thanked author for this post.
    avatar GraHal
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