Online Mutual Fund Brokers

[Wentworth]

I am looking for an online broker or industry regulated list of brokers. I am looking to deal as offshore so would also like to know what the situation with taxes is. It would be helpful if they dealt with a wide range of funds eg Morningstar list

[metisdead]

I've been using Janus for 20-odd years. I don't know about using them off shore, don't think they'll do that. Also, I think if you are not American you cannot do business with them. Back in the late 90's during the last boom, I did have to pay capital gain taxes, no big deal though. Over the years they have done well for me.

[Wentworth]

Thanks. I'm from the UK and was concerned about the taxes angle. I get the feeling that I will probably end up dealing with a US firm. Could you tell me what the accepted practice is with taxes in the US; is tax deducted as part of the deal or are you expected to declare it?

[metisdead]

Janus furnishes the IRS with information on the dividends and as such I have to declare it as well when I file my tax return and in filing the return any taxes due are determined at that time.