As one of the most stable economies in Europe and with a decent digital infrastructure, Ireland is home to a thriving community of day traders. This article takes a look at trading in the country, covering key details on tax rules and trader protections. It also offers a hypothetical example of a short-term trade, focusing on the Euronext Dublin exchange.

Trading in Ireland: A Beginner’s Guide to Success

To Trading in Ireland: A Beginner’s Guide, you need to open an account with a broker. A stockbroker is a financial provider, regulated by the Central Bank of Ireland, that buys and sells shares and investments on behalf of its customers. Many Irish customers choose to use eToro, which is a European-based brokerage regulated by the Cyprus Securities and Exchange Commission that operates under EU passporting regulations. Unlike some other brokers, eToro does not charge Irish customers any commission on buying or selling shares. It also has around 900 stocks available to buy in Euro currency (and not just US dollars), so you can avoid currency conversion fees.

If you are trading as a Sole Trader, you will need to register your business name with the Companies Registration Office before you start trading. This is important as the business name will appear on all official documents, including your income tax return. You will also need to apply for a Personal Public Service Number (PPSN), which is a unique reference number that helps you access services, information and benefits in Ireland. You can apply for your PPSN online.