So far from my research I have estimated costs, ignoring fluctuations in foreign currency exchange, for a trade profit of < $9,000, held for less than 1 year as:

  • US capital gains tax 10% of profit from sale
  • broker transaction fee ~£10
  • broker account fees < £100 (account opening)
  • broker currency exchange fee of ~1.5%

Am I missing any major costs? Are my estimates accurate?

  • 3
    Non-resident aliens wouldn't be subject to U.S. capital gains tax. Do you mean U.K. capital gains tax? – Chris W. Rea Sep 29 '17 at 14:41

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.