etoro
The company that refuses to honour the uk/us tax treaty and charge you 30% dividend tax
The sooner I can get my investments off that platform the better.
Really,thats disgusting to be fair,is it even legal?
That is a full misrepresentation of the story. They withhold as required to do so. They could claim back (and so could you) - but they are not obligated to do so.
Yes. It is your job to sort out your tax position not the brokers. The broker is usually legally required to withhold tax at source unless the tax provisions allow them to go through some often very complex processes. This is why most execution only brokers donât reclaim withholding tax from most countries. And only some do for the US.
Ahhhh i see,i thought it was just done for you like freetrade does it.thought it sounded a bit dodgy.
It doesnât do for any country other than the US and even then doesnât do 0% in a SIPP.
I only invest in ISA tbf.
Will be interesting to see how this develops
Just saw a John Lewis advert for finance. It has partnered up with Nutmeg to provide a ISA/JISA etc.
Lightyear launches in 19 European countries
Would be a great time for Freetrade to release something positive
Theyâve moved quickly. They only just launched in UK. Sounds like they have some big ambitions.
No ISA so In my mind not really a competitor.
Theyâre moving fast and this should be a concern for - that said theyâll need to be offering some tax-advantaged accounts before theyâll get any serious AUM.
Did they build any tech them selves are they white labeling?
Also âLightyearâ is just a dud of a name. No wonder Branson opened up his chequebook.
19 new countries? Wow
In how many countries is Freetrade ?
Likely not. We already know they are using Alpaca for for US trading. I would imagine they are using an established 3rd party for EU stocks, something like Saxo perhaps?
Meanwhile Freetrade delays itâs EU launch for the nth time, apparently because they havenât got Swedish ISKs ready.
All that effort for a waitlist of a few thousand people, half of which have probably got bored waiting and are using other providers
Revolut launches âlearn and earnâ crypto courses. Basically free DOT tokens (worth around ÂŁ13) if you are willing to watch some videos and pass the associated quiz.