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Commissions for e-minis are eating my profits


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Commissions for e-minis are eating my profits

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  #11 (permalink)
 hdrobi 
Mannheim Germany
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Emini ES
 
Posts: 5 since Oct 2019
Thanks: 0 given, 0 received

Now I got the surprise that 80% from the original amount was eaten not only from commissions but also from Taxes.

What an idiot! I couldn't believe that for every transaction, FxFlat is taking a part from "Kapitalertragsteuer" (Tax) directly.

I was thinking that ~25% of the traded amount has to be reserved for taxes.

But it seems more than that!

I have an other account with IB and I am afraid to get a similar tax requirement after a year of activity.

I think, I will concentrate on my IT-company. Living from trading is onla an utopy, at least in Germany...

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