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EU members with timeshift

  1. What's new in this club
  2. Do you mind if I ask who you bank with and how you find the exchange rates? As I think I will have to go down that route as CMEG added a bit extra detail to it saying that they could receive from a TrasnferWise account but wouldn't be able to send money back to it, so anything I withdraw from my CMEG account will need to go into a (for want of a better term) proper bank.
  3. btw when i fund my CMEG account i send directly USD from my bank
  4. Thanks for the quick response Peter, I see, that makes sense. I did email CMEG around it as well and they said they can accept TransferWise if my bank doesn't allow me to send in US Dollars. However with a bit more research on the TransferWise website it suggests that it uses the SWIFT network to send USD to Trinidad as it is outside the native country of USD. So additional charges could be added depending how many banks it has to go through to get there and they can't give an indication of how many that is before it goes. If only I did have dual citizenship somewhere else this whole thing would be easier! A bit more research required it seems!
  5. it means that they accept money only from the account number you specify in the account opening application. It is anti money laundering practice so somebody cannot corrupt you by sending you one million pounds to your CMEG account. If you happen to have another EU passport consider opening account in IB EU which allows under PDT daytrading now.
  6. Hi all, My name is Dan, based in the UK and I'm new to the BBT community, I'm currently in the planning stages of day trading and looking at brokers. Through research I think a good fit will be to go with CMEG as I will be starting under the $25k PDT ruling and I want to use DAS. However another aspect that will affect my setup is currency exchange. I know you need to spend money, especially in setup however looking at some of the exchange rates from £s to $s out there it could potentially cost you 4.5%+ of your initial setup if you have to send money with HSBC or other high street banks So I was just wondering what the general consensus was to ensure that this doesn't eat into my P/L before I even start trading1? I read the CMEG FAQs and it says "we only accept wires that come directly from your personal account. We DO NOT accept third party or credit card payments". Does that suggest that it needs to come from a personal bank account from a high street bank or do people regularly use things like TrasferWise, Western Union etc. without any issues? Any advice from your experiences are appreciated, Cheers Dan
  7. Figured out I can share a link from whatsapp to allow folks to join directly. https://chat.whatsapp.com/Fi9aBhpfkJwKOZErAnEdME
  8. As above, I messaged DAS they said they dont provide European DATA. I was wondering if anyone had a work around? Thanks
  9. Same here. I use IB as broker and their TWS platform for trading. It suites me very well and I prefer it over DAS to be frank. But this is is just a matter of preference.
  10. Hi, I'm based in the UK as well (originally from Belgium, Dutch speaking) - could I join the group please?
  11. Hi ! I live in Cádiz (south Spain) and I use TWS from IBKR .... It is a "good enough" platform that matches my trading style plus it is much cheaper than DAS and we are here to earn some money, right ?
  12. I'm based in the UK and I'm using CMEG as I trade with a smaller account, but my medium term goal is to build my account up to 25k so that I can move to IB for more security and better commissions.
  13. Hey there, I am originally from Portugal but I am based in the UK, I'd like to join the group - hmu!
  14. Thanks very much, I will need to check on the tax situation (I'm still not clear on that) but I rang IB and they confirmed they don't offer ISAs. Good to know about DAS linking!
  15. you sure? some of the EU countries give you a no tax for investments which you keep longer than 365 days. so check on that one in UK the linking of the account in DAS shall be an easy job during the DAS account opening process
  16. amazing, thanks once again Peter. Do you know how simple it is to link DAS into it? I still need to spend some time in a simulator, but just planning ahead. The reason why I don't use Interactive Brokers for investing is that I can't do that as part of an ISA (tax free...)
  17. Interactive Brokers You just buy $ for your £ and thats it.
  18. Hello, I'm planning on starting day trading. I live in the UK and PDT would not be a problem as I have $25K in case. I have an IG account which I use for investing in US stocks, but I don't think that would work for day trading. If I want to use DAS, which broker would you recommend using? Also, I'm wondering what the implications are in terms of converting £ into $ - with IG that's affecting P&L quite a lot. Thanks for your help
  19. I'm British, but live in NL. I feel it would be nice to be more connected to a nearby group of traders who face similar issues with regards to time-zone (and day jobs that interfere) challenges. But at the same time, we also have some advantages, such as better preparation time before the market open. Looking to set up a whatsapp group where we can discuss trading and trading prep with others in similar timezones. If you're interested, perhaps sent me a Direct Message with phone no. and I can set one up and add others along the way.
  20. I opened a CMEG account, I think the whole process took about a month.. But that's because I live in NL and I'm British, and they wanted two forms of NL ID (I only had 1, my Driving licence). Eventually, they allowed me.
  21. Thanks for the info, I will also open an account there. How many days took you to open one? Thanks and stay safe!
  22. Thanks for the feedback. I will have a CMEG account instead as I need to day trade. Good luck and stay safe!
  23. Hi Fabien -- I am in Switzerland and with IB. I had hoped that PDT would not apply to us since Switzerland is not EU, but no dice. I upped my account so that I can trade freely, but still only trade with the amount I wanted to have in the account to begin with. Also, I had originally signed up for a cash account, but you need to have a margin account to day trade, so I changed it. Good luck!
  24. Hi all, I'm new to this forum/ community. Just for the info, I contacted IB and I asked them about the pattern day trading rule and if it's applicable to Swiss residents, their answers was yes, there is PTD restrictions on all their European based customers without exceptions. What are you using for a broker? Many thanks
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