I have a scenario: If I create an account now being resident in Germany under the FXFlat Bank GmbH, will be possible to migrate my securities from another german broker into it? and let’s say eventually later I move my residence to Spain, will I also be able to keep the same account and keep my securities?
You can see which entity you’re registered under by opening the menu and scrolling to the bottom of the page:
Portfolio transfers are not available for the German entity just yet, but we’re working on rolling the feature out in full to all of our clients and will let you know once we have an update.
Yes, this is possible currently, but we’ll let you know if something changes in the future
20 (6) sentence 5 of the German Income Tax Act (EStG) is no longer valid. There was a change in the tax law and this sentence was deleted. This means that there is no longer a restriction on loss offsetting for derivatives - we have been offsetting losses against profits from derivatives without restriction since this year.
Thanks for the information. Let’s say then if I open directly an account in Spain under trading 212 Markets Limited. Can I In this case transfer my securities from another German broker to it?
Does it mean losses from Derivatives could also be offset against Profits from Sales of Stocks ?
Thanks
Hi, very much looking forward to portfolio transfer for FxFlat as well. I hesitate to starting investing on T212 unless I know that transfer out possible. The debit card would be nice too!
Apologies for the late reply, @christianroll Yes, if you open an account under our European entity, you’ll be able to move your portfolio from another broker to us, as long as your current provider is part of the list of providers from which we can accept a transfer.
This is a follow-up question that we’ll be unable to answer as this falls under tax advisory services, which is something that we’re not allowed to offer. With that in mind, it’ll be best to contact a professional in the field.
Another update on our expansion in Germany. We’re reinforcing our presence in the heart of Europe’s fintech scene with a brand new office at Berlin’s iconic Pressehaus
This new space will serve as a hub for our growing team, allowing us to strengthen our operations further, innovate and continue delivering exceptional service.
We look forward to what this new chapter may bring!
That‘s are very great news!!!
WELCOME IN GERMANY
Congratulations, every success.