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In case of bankruptcy is 20000 EUR to low.And just becose they are big doesnt mean that they canf fall.I will definitly not agree to transfer my account to one of these subsidiaries. I guess that my account would be transfered to IBCE (Hungary) and of course that mean that they will close my account
Can you help answer these questions from other members on NexusFi?
Because of the problems regarding Interactive Brokers (IB) mentioned earlier I looked into several other European and US Futures and Options brokers:
Degiro, Saxo Bank, Swiss Quote, Schwab, E-Trade, Tastytrade.
Whereas Schwab and E-Trade do not accept customers from Austria, Tastytrade is unable to provide a reporting well suited for Austrian Taxes. The European brokers are not acceptable to me because of their quality (there are very many complaints about Degiro) or their high fees (Saxo Bank, Swiss Quote).
Thus, I decided to leave a part of my account with IB for trading and to move the investment part of the account to a local broker in Austria (probably Dadat). Fees are not as important for investing as for trading.
Have you tried trading journal program as https://www.tradingdiarypro.com/ which support Tastytrade.
Also why not import data to Excel and build a tax report.
I worked with a US broker some years ago. They reported in US Dollar, and they did not show the results of closed trades for options as a sum. Compiling the tax statement and discussing it with the financial authorities was a nightmare for my tax adviser and for myself. And it was expensive.
