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Old 24.11.2013, 14:26
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Looking for an online stock broker with configurable leverage...

Hello,
I'm looking for an online broker to buy/sell stock with leverage, BUT (very important) that allows you to choose the level of leverage you want to use...like eToro, which unfortunately allows you to trade only in Forex, Indexes and some Commodities.

I found some brokers (Markets.com, Plus500.com) that allow you to trade stocks with leverage...but they don't allow you to choose the amount, they offer 1:200 and that's it, take or leave.
Well, I'm not going to ever trade at 1:200, that's a scam to me. What I'm looking for is more a 1:5 or 1:10 leverage...

Thanks for any pointer
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Old 24.11.2013, 15:45
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Re: Looking for an online stock broker with configurable leverage...

Try IG index for spread betting which I believe allows you to choose the leverage amount, however bear in mind this is spread betting, so you never actually own the underlying. From the example in the link your margin requirements are around 10:1.

If you want to actually buy and sell stocks, you can also open a margin account with IB, where IB lends you money based on the cash value in your account, I think this gives you 2:1 leverage in the basic account and more but you have to put up over $110k.

Do come back to us when you make it in the "Big Time" or when you crash and burn
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Old 14.04.2016, 20:48
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Re: Looking for an online stock broker with configurable leverage...

How does it work for the tax declaration? I am aware you need to declare any stock you own, but in case you perform some day trading, you may not own them any longer at the time of the tax declaration, and have already cashed in the profits, which are declared together with your total wealth.

However, that sounds too little to me...

How does it work then for profits taken and stocks negotiated through platforms like IG, Swissquote, Plus500 ? The 3.5 per thousand tax is already deducted by the broker at the time of stock purchase?
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