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 Trading212. Has anybody used this platform?

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seanlam
post Jun 19 2020, 08:43 AM

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not sure if worth the time due to witholding tax by respective countries....eg US 30% ( can be lower down to 15% when u fill up a form W-8BEN)


witholding tax on dividend. How about if i sell the stock at cost? Next is capital gain taxable?

lastly, lets say i go for DRIP, am i subject to witholding tax? 🙄🙄🙄

This post has been edited by seanlam: Jun 19 2020, 08:58 AM
seanlam
post Jun 19 2020, 10:26 AM

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QUOTE(Ramjade @ Jun 19 2020, 10:02 AM)
Can. You need to think about how to fund and withdraw money.
Nope. Just make sure don't close your bank account when you lesve UK.
Of course. You cannot run away from dividend tax unl SS your country got treaty with Us govt.
Unfortunately Malaysia doesn't have. Hence you can I'll be taxed the full 30% if you buy US stocks or etf.
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thats sad.... when neighbouring country eg indonesia enjoy such privilege....
seanlam
post Jun 19 2020, 06:05 PM

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QUOTE(red streak @ Jun 19 2020, 04:18 PM)
You could use Bigpay instead of a CC. That way you get the best exchange rates in and out. Of course the limit is the issue but with no withdrawal fee, unlike etoro's $5, it's not really a big deal since you can withdraw up to your limit and then move the cash out. Just rinse and repeat.
Not worth holding US dividend stocks if you're not an American or one of those countries with a tax treaty. But then again even with 30%, it's still better than FD  whistling.gif
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capital gain not taxable under the witholding or other tax regime right?
seanlam
post Aug 10 2020, 10:42 AM

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so far so good with trading212

seamless top up with bigbpay, others havent try out yet

interface ok la.....better.

Prefer a pie chart or much better visualisation for overall portfolio.

Some popular ETFs may not available on this platform. What i like most is the factional shares, wheres you can buy the stock as little as 0.01 unit. Ok la so far.... looking forward for Robinhood app too drool.gif
seanlam
post Aug 11 2020, 03:07 PM

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QUOTE(Kudo2012 @ Aug 11 2020, 01:35 PM)
I don't like the their web platform with line chart.  Do you know how to remove the chart info?
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not sure about that, i spend more time with app than web
seanlam
post Aug 15 2020, 03:55 PM

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doh.gif

This post has been edited by seanlam: Aug 15 2020, 08:50 PM
seanlam
post Aug 18 2020, 04:01 PM

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*just a side note: there's a 30% tax less on dividend declared. jus bear in mind
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I thinks the WHT is subject to where the fund (ETF) domicile or the company listed on. If uk, its 0% tax for div
seanlam
post Mar 28 2023, 10:54 PM

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Bigpay as prepaid card no longer accepted as mean for deposit/top up anymore

guess, we dont really have much option in hand

dont think forex rate will be favorable to us by using credit nor debit card ossued by malaysian local banks

 

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