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Online brokerage firm for Buying and selling stock on WSE?


posts: 6

PFuser  Sep 24, 11, 23:22    #1
I am a Polish-American that is interested in investing money long-term in companies listed on the Warsaw Stock Exchange. I currently use Scottrade when I invest in companies listed on the New York Stock Exchange. Is there a Polish equivalent for online transactions? I am looking for best value for buck, low commission or trade costs for long term investments. I'm not dealing with much money. I am young and it is more of a hobby. Any suggestions or is a Polish bank the only way to go? Banks are difficult for me since I currently live in the US, but I may plan on moving to Poland in the future.
Thanks for any help.

hansiaczekThreads: 2
Posts: 18
Joined: Apr 27, 11
 Pictures: 1
 Apr 12, 12, 11:24    #2
yeah looking for the same, someone please reply
jwojcieThreads: 3
Posts: 816
Joined: Jan 3, 09
 Apr 12, 12, 16:24    #3
It looks that mostly bank have brokers in Poland:
http://www.idm.com.pl/index.php?p=news&kid=11

Maybe you can try to check out this company, because they have some branch in UK, so maybe they have some way around... :

http://www.xtb.pl/o-nas/oddzialy

Personally I use broker account in mbank, rarely... they used to charge something like 0,39% per transaction. But you have to be resident to have an account there.
jon357Threads: -
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Joined: Mar 15, 12
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 Apr 12, 12, 18:49    #4
PFuser:
I currently use Scottrade when I invest in companies listed on the New York Stock Exchange. Is there a Polish equivalent for online transactions?

Your bank's online service should allow you to buy shares listed in different countries. I use www.halifaxsharedealing-online.co.uk
El Gordo  Apr 12, 12, 19:15    #5
PFuser:
I am a Polish-American that is interested in investing money long-term in companies listed on the Warsaw Stock Exchange. I currently use Scottrade when I invest in companies listed on the New York Stock Exchange. Is there a Polish equivalent for online transactions? I am looking for best value for buck, low commission or trade costs for long term investments. I'm not dealing with much money. I am young and it is more of a hobby. Any suggestions or is a Polish bank the only way to go? Banks are difficult for me since I currently live in the US, but I may plan on moving to Poland in the future.
Thanks for any help.

Why would you want to do that?Do you think there is not enough companies listed on NYSE,Nasdaq and Amex?You know in Poland you would have to pay 19% CGT?And comissions are much higher than in the US (don't know about Scottstrade but I pay 10$ a trade with Ameritrade).Not a good idea!
vladiThreads: -
Posts: 6
Joined: May 20, 11
 Apr 12, 12, 20:23    #6
There are tens of online brokers. I use BZ WBK. Standard commisison for private clients in Poland is 38 pips and PLN12 per future.

After year-end brokers send you a PIT with the amount of 19% capital gain tax. If I was not a Polish resident I would not pay that. Polish tax office has no means to execute that tax from foreign individuals.



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