Trading 212 - US investments

A

AndroidMan

Registered User
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I have some pies set up and intend to trade US stocks.

I was told years ago by somebody that trading in the US means you incur more fees.
It was at the time when AIB was on the NYSE (or similar).
I cannot find out anything more on this.

I know T212 will charge 0.15% on exchange rates and I understand that I am risking currency fluctuations.

Is there something else I am missing?
 
Just commenting again on this to bump it, but to be a bit clearer.

If I invest in the US stock market, my risks and liabilites, apart from the obvious are:

Exchange rate fluctuation
Exchange rate fee on buying and selling (0.15) with Trading212
CGT on profits if I sell
Unearned income on dividends

Are there any other costs associated with trading in the US?

I was told by somebody years ago that there was a bunch of extra charges, so I always was reluctant. But Trading 212 seems to make this easy and I am concerned I am missing something.
 
It all depends on the broker and the stock exchange. Trading US stocks is often cheaper than other countries.

Other charges are:
- broker commissions
- the spread between the buying price and selling price of the stock

They're not particular to the US, although neither are CGT or dividend income.

A risk is that you may become liable to US estate tax.
 
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I don't think estate tax can apply if you have the shares in e.g. a Degiro account. I'm not sure about this though.
 
AndroidMan said:
I have some pies set up and intend to trade US stocks.

I was told years ago by somebody that trading in the US means you incur more fees.
It was at the time when AIB was on the NYSE (or similar).
I cannot find out anything more on this.

I know T212 will charge 0.15% on exchange rates and I understand that I am risking currency fluctuations.

Is there something else I am missing?
Click to expand...
Yes. That T212 is trading stocks via ibkr. So why going reseller when you can go to the wholesaler? I just opened an account with T212 just to check their app and I am disappointed. As soon as I bought my first stock I was asked if I wanted to lend it... What a question...
 
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Just simply say no if you're uncomfortable with stock lending and the associated interest income.

I personally like the Trading212 stock lending interest income. I earn interest (yield) on my CSH2 money market position and then stock lending interest income (on occassions when it is lent out) on top of that. Extra 0.49% yield when lent and full cash collateral.
 
Never all eggs in one basket:(

Beware Trading 212

I wish to share my experience of Trading 212 so as to warn others. I have both a portfolio of shares and interest-earning cash with this bank. I have been struggling for over two weeks to transfer cash to my home bank account and the portfolio to another broker but without success. I am unable...
www.askaboutmoney.com
That's my advice:confused:
 
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