Comments on: Opened E-Trade Global Trading Account

By: rishabh

rishabh — Mon, 26 Jan 2009 20:20:28 +0000

actualy i am willing to make an trading account. but i dont know the process to make it. can any one please help me.i want this trading account for trading in mcx.

By: etrade customer

etrade customer — Fri, 19 Dec 2008 19:53:40 +0000

I wish I had read your post before I opened my e*trade global trading account. It is the worse brokerage experience I’ve had and the way their limit-price trading scheme seems to work appears ridiculous.

By: P.

P. — Mon, 17 Dec 2007 02:02:25 +0000

Hi Sun,
I’m thinking of opening a similar account with Etrade and was wondering if you have any details on the tax treatment of sales in this account.

Also do you know if you own the stock outright or is it etrade in that country?

Thanks.

By: anon8mizer

anon8mizer — Wed, 26 Sep 2007 07:29:10 +0000

I believe when you sell, there will automatically be a tax deducted from the proceeds in Hong Kong, before you get your money back — so it may have to go higher than HK5.40… I don’t remember how much the tax will be though.

Also, any information on how any profit will be treated by the IRS will be interesting. I assume e-trade will report the profit/loss on regular 1099 in USD and the IRS will tax you based on that, right?

By: Sun

Sun — Tue, 11 Sep 2007 04:24:49 +0000

Kate: Actually, that post is part of the “Featured article” that I intentionally created to highlight some of my old posts. Though I have added a frame to the article to make it look different from regular posts, I guess it’s still a little bit confusing. I need to think of how to make it appear differently, but still combined well with the theme of the site. Right now I run each featured article for a week, that’s why you noticed that article has been there for quite some time.

Please do scroll down for new contents as I update the site daily