Tax on your dividends
The tax on dividends is regulated according to the law of the country in which the traded company is registered and listed.
Please note that EXANTE does not provide tax advice services, however, we advise you to examine the dividend tax exposure in your particular country.
If you hold shares until a company-defined ex-date, you are entitled to dividends.
Payout date is usually set one month after the record date. Dividends are automatically credited to the client’s account on the payout date.
If taxes apply, they are debited with a separate transaction. You can find the tax details in the Comment field.
- Company declares dividends from a stock
- Company sets the record date and sends a press release to inform the shareholders
- Record day: all shareholders kept on record to that date are entitled to receive dividend payments
- Next day: called the ex-date because from that date the stock trades ex-dividend (meaning everyone who buys stocks after the ex-date won’t get the next payment)
- Payable date: normally, one month after the record date; that’s when clients receive dividends to their accounts.
In some cases, clients might receive the funds with a few days’ delay due to document processing.
Transfer positions between your sub-accounts
In order to transfer positions between sub-accounts follow either of these steps:
- Visit Client's area and then indicate accounts and amounts to be transferred.
- Use EXANTE desktop trading platform to transfer currencies between sub-accounts.
Manage your account currencies
The EXANTE trading platform allows you to trade from a single multi-currency account and supports these currencies: EUR, USD, CHF, GBP, PLN and RUB.
- If you add money to your account in any of these currencies, your funds will remain in the currency of choice unless you intentionally convert them
You can deposit the minimum initial sum required to open an account in any of the currencies above. The official exchange rate on the day will apply.
Convert your funds on the EXANTE platform
You can convert your funds directly on the EXANTE desktop platform. There are two ways to do so:
- Click ‘Account Summary’ on the top toolbar -> ‘Cash Balance’ -> right click on the row of the currency you wish to convert (‘Convert To’)
- Click ‘Instruments’ on the top toolbar -> choose ‘Cash’ from the groups of instruments -> place an order
You can convert existing funds to additional currencies on the EXANTE trading platform (CZK, HUF, NZD, SGD, THB, JPY, HKD, AUD, CAD, TRY, SEK, MXN, NOK or ZAR).
Hint: If you want to enable/disable autoconversion, please visit Settings in the Client’s Area.
Important note: If you want to fund your account in a different currency, please contact us at email@example.com.
The final list of available currencies depends on your account type and country of residence, among other conditions.
Handling tax obligations
It is your duty to handle your own tax obligation regardless of your tax residence country. We will provide you with all necessary reports, but you will have to communicate with your tax authorities yourself.
Please make sure that you stick to the tax requirements applied to you.
For more information on where to find the reports necessary for taxation purposes, please visit this page.
Access your account reports
You can keep track of your account in multiple ways.
Visit your Client's Area on the EXANTE website to check the available options.
In the Client’s Area, you can access:
- Account Summary
- Financial Transactions and Trades
- Account Performance Reports
What’s in Account Summary?
- Create a report for a custom time range
- View the main account parameters with P&L changing in real time
- Choose any start date to view historic data
Clicking 'Account Summary' on the top toolbar to get the same information from the desktop trading platform.
On the desktop platform, you can access:
- Account Summary
- Margin Report
- Trade Blotter
EXANTE mobile application
You can also obtain an overview from the EXANTE mobile application. Click on ‘Summary’ in the bottom left corner of the application.
'Summary' Reports in the Client’s Area, desktop platform and mobile applications show the account status as well as instrument quantity and value. You can download the report from the Client's Area.
Financial Transactions and Trades allow you to check all respective operations on the account. If you require a downloadable Excel report, you can find it in the Client's Area. Should you request a longer period of transaction history, the file will emerge in the Custom Reports section once ready for download.
The Reports module in Client’s area allows you to set up periodic reports that are sent out to your registered email daily or monthly in either PDF or CSV format.
Account Performance Report is a special area where you can follow infographics on your account success on a periodic basis.
Margin Report in Desktop platform allows you to follow the changes in your Margin utilization level with regards to the assets held on the account.
If your tax authorities require an official document signed by the broker, please contact your Account Manager to request such a report.
Please note that Account Summary calculates the P&L based on the last mid price. If your authorities require you to use any other price type for the report, please contact your Account Manager and request the report that would meet the requirements.
Note! Be aware that our Account Managers cannot clarify the tax requirements applicable to you. In order to clarify matters related to tax inquiries, be sure to contact the relevant legal entity.
'Close only' mode
In the ‘Close only’ mode, you can only close previously opened positions and you can’t open new positions. Your account is pushed into ‘Close only’ mode, once it reaches 5000 EUR of account value. This rule is applied to every sub-account you are holding.
‘Close only’ mode is a special set-up preventing the clients from potential losses.
Whenever your total multi-currency balance drops below a threshold mentioned, EXANTE switches your account to the ‘Close only’ mode, which means you are no longer able to set new trades. You'll still be able to create orders closing your positions. In order to be able to open any new positions again, you need to fund your balance above the threshold.
Can I still withdraw my money while in the ‘Close only’ mode?
You can still withdraw any amount of money while in the ‘Close only’ mode .
Calculating margin requirements at EXANTE
Margin requirement is the minimum amount of assets that a client must have on the balance before buying on margin.
In order to calculate the margin requirement of a given portfolio, EXANTE uses an in-house risk management system, a variation of SPAN®, the Standard Portfolio Analysis of Risk. The SPAN® methodology consists of a series of portfolio "what-if"-scenarios that yields the worst possible performance loss a portfolio can suffer over a specific time horizon. To do this, SPAN® uses a predefined set of parameters reflecting the market conditions of traded contracts.
Margin Utilization is the percentage of margin collateral that client utilizes for margin products trading. If the margin utilization exceeds 100% there is a risk that margin positions will be stopped out (ie reduced or liquidated).
Margin Utilization is calculated as = (100 * Used for margin) / (Account value + Other collateral – Not available as margin collateral).