Moneymonkey
Registered User
- Messages
- 8
Hi,
I know that the topic of choosing a trading platform has been discussed at length on AAM and I have reviewed many threads but have not been able to reach a conclusive decision.
Like many, I have spend the last few years educating myself through various means including reading investing books, websites (especially AAM) etc and am comfortable with the investment strategy I will use.
The other issue which caused me a considerable degree of concern was the whole area around the taxation of ETF's. However, this has now been addressed to a fair extent by recent comments from Revenue. Also, the method of actually declaring and remitting tax for ETF's has been discussed on AAM many times and I am satisfied I will be able to deal with this also.
The final issue which is hindering my progress is actually choosing a trading platform. The following are essentially the issues that I am seeking help on -
1) Are there further tax implications for Irish residents using UK based trading platform (witholding of taxes) rather than using an Irish based one?
2) The question of Crest or Nominee account still troubles me. I am investing for the long term so I want to pick the best and safest account. Is it worth paying extra trading costs for Crest or is this something which is not worth worrying about?
3) Who is actually the cheapest Irish Broker given that I would be investing say €4,000 each quarter and executing 4 trades on each occassion (probably reducing to 2 after first year to reduce costs). It seems to be TDInvesting with their €15 per trade (Nominee a/c)?
4) Has anyone used IG trading? They seem to offer a minimum of €10 per trade as opposed to TDInvesting's €15. If anyone has used IG, do they offer a Crest account? I can't find the info on their website. They seem to be UK based but explicitly offer services to Irish Residents.
Any comments are most welcome and appreciated.
Thanks.
I know that the topic of choosing a trading platform has been discussed at length on AAM and I have reviewed many threads but have not been able to reach a conclusive decision.
Like many, I have spend the last few years educating myself through various means including reading investing books, websites (especially AAM) etc and am comfortable with the investment strategy I will use.
The other issue which caused me a considerable degree of concern was the whole area around the taxation of ETF's. However, this has now been addressed to a fair extent by recent comments from Revenue. Also, the method of actually declaring and remitting tax for ETF's has been discussed on AAM many times and I am satisfied I will be able to deal with this also.
The final issue which is hindering my progress is actually choosing a trading platform. The following are essentially the issues that I am seeking help on -
1) Are there further tax implications for Irish residents using UK based trading platform (witholding of taxes) rather than using an Irish based one?
2) The question of Crest or Nominee account still troubles me. I am investing for the long term so I want to pick the best and safest account. Is it worth paying extra trading costs for Crest or is this something which is not worth worrying about?
3) Who is actually the cheapest Irish Broker given that I would be investing say €4,000 each quarter and executing 4 trades on each occassion (probably reducing to 2 after first year to reduce costs). It seems to be TDInvesting with their €15 per trade (Nominee a/c)?
4) Has anyone used IG trading? They seem to offer a minimum of €10 per trade as opposed to TDInvesting's €15. If anyone has used IG, do they offer a Crest account? I can't find the info on their website. They seem to be UK based but explicitly offer services to Irish Residents.
Any comments are most welcome and appreciated.
Thanks.
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