FILE 2026-TC1 · Public document · Free
The Break-Even Point
An open dossier showing the costs of independent trading from Israel: platform, real-time data, broker, trading journal and infrastructure. Every figure carries a currency, a source and the date it was checked — and anything we could not verify is not here.
These figures are meant to give an order of magnitude, not a binding price. They describe an individual who is an Israeli tax resident, and the tax assumptions behind them are Israel-specific. Prices and tariffs change, the exchange rate moves, and any single number here may already be out of date. Every row carries a source and a date — check anything that matters to you against them.
Fill it in, or skip it. Anything you enter here is used only to tailor the figures shown in this dossier.
Your figures stay with you — they are not sent anywhere, they are not stored by us, and they require no sign-up.
One tool per row: the figure shown, what it comes to in shekels, the source, the date it was checked and the certainty stamp that says how well it is backed. Nothing is pulled automatically — a person opens the source and reads it.
| Item | Provider’s price | ₪ per month | Source | Checked on | Certainty |
|---|---|---|---|---|---|
| Platform and charts | |||||
TradingView BasicNote on this rowThe free basic plan. Real-time data is not included in it and is bought separately — see the data rows further down the table. | Free | ₪0 | TradingView — pricing page | 5 August 2026 | Provider-published |
TradingView EssentialNote on this rowTradingView’s pricing page opens on annual billing: it shows the effective monthly price with the annual saving beside it ($24 a year). The monthly-billing price is derived from those two figures and was not read from the monthly toggle, which is why this row is graded secondary. | $14.95 / month$12.95 / month on annual billing | ₪44.85 | TradingView — pricing page | 5 August 2026 | Secondary |
TradingView PlusNote on this rowTradingView’s pricing page opens on annual billing: it shows the effective monthly price with the annual saving beside it ($60 a year). The monthly-billing price is derived from those two figures and was not read from the monthly toggle, which is why this row is graded secondary. | $34.95 / month$29.95 / month on annual billing | ₪104.85 | TradingView — pricing page | 5 August 2026 | Secondary |
TradingView PremiumNote on this rowTradingView’s pricing page opens on annual billing: it shows the effective monthly price with the annual saving beside it ($120 a year). The monthly-billing price is derived from those two figures and was not read from the monthly toggle, which is why this row is graded secondary. | $69.95 / month$59.95 / month on annual billing | ₪209.85 | TradingView — pricing page | 5 August 2026 | Secondary |
| Real-time market data | |||||
TradingView — real-time U.S. stock data packageNote on this rowThe price shown is the non-professional subscriber tariff. The same page also publishes a professional tariff, which is far higher. The exchange decides which category a subscriber falls into — we do not. Delayed data (usually 10–15 minutes) is free, and this package is needed only by someone who needs real-time quotes. | $9.95 / month | ₪29.85 | TradingView — data coverage page | 5 August 2026 | Provider-published |
TradingView — real-time CME Group data (including E-mini)Note on this rowThe price shown is the non-professional subscriber tariff. The same page also publishes a professional tariff, which is far higher. The exchange decides which category a subscriber falls into — we do not. The professional tariff for the same data is published on that page at $548 a month. Here too, delayed data costs nothing. | $7 / month | ₪21 | TradingView — data coverage page | 5 August 2026 | Provider-published |
| Broker and commissions | |||||
Interactive Brokers — U.S. stock trading commission (Fixed plan)Note on this rowThis is a per-trade charge, not a monthly subscription, so the row has no fixed monthly price — in the calculator it is represented by a free-form monthly estimate field instead. The broker’s tariff page blocked automated reading (403) during the check, so the figure is graded secondary: open the link and check it against your own plan and market. | $0.005 per share · $1 minimum per order | Depends on how much you trade | Interactive Brokers — stock commissions page | 5 August 2026 | Secondary |
Israeli stock-exchange member — monthly account feeNote on this rowAn indicative amount across Israeli stock-exchange members. In most cases it is offset against that month’s trading commissions, so in an active month it may fall to zero. No single price page covers every provider: each publishes its own tariff, and the rate that actually applies is agreed customer by customer. The link goes to one provider’s own published tariff, not an Israel-wide tariff — check the tariff of the provider you use. | ₪15 / month | ₪15 | IBI — published commission tariff (PDF, in Hebrew) | 5 August 2026 | Range-based |
| Trading journal | |||||
Trading journal — Bullia BASIC (yes, that is us)Note on this rowPriced in shekels, billed monthly. This page is operated by Bullia — see the disclosure of our commercial interest at the foot of the dossier. | ₪62 / month | ₪62 | Bullia — home page | 5 August 2026 | Provider-published |
Trading journal — Bullia PRO (yes, that is us)Note on this rowPriced in shekels, billed monthly. This page is operated by Bullia — see the disclosure of our commercial interest at the foot of the dossier. | ₪115 / month | ₪115 | Bullia — home page | 5 August 2026 | Provider-published |
Trading journal — a leading competitor’s most expensive planNote on this rowTradeZella’s top plan (Ultra): $99 a month on monthly billing, $74 a month on annual billing. That provider’s cheaper plans start at $35 a month. The prices were read from their public pricing page on 5 August 2026. | $99 / month$74 / month on annual billing | ₪297 | The provider’s public price list | 5 August 2026 | Provider-published |
| Infrastructure | |||||
MQL5 VPS (a server for running robots and terminals)Note on this rowThe price depends on the length of the subscription: $15 for a single month, $13 a month on a three-month subscription, $10.83 a month with a six-month subscription and $10 a month with a twelve-month subscription. The monthly column shows the single month; the annual-billing column shows the effective monthly price on a twelve-month subscription. Neither figure is a universal monthly rate. | $15 / month$10 / month on annual billing | ₪45 | MQL5 — the VPS service | 5 August 2026 | Range-based |
| AI tools | |||||
ChatGPT PlusNote on this rowIndividual plan, $20 a month. OpenAI’s pricing page blocked automated reading (403) in this check too, so the figure is graded secondary and relies on secondary sources that document the price — open the link and check it yourself. | $20 / month | ₪60 | OpenAI — pricing page | 5 August 2026 | Secondary |
Claude ProNote on this rowIndividual plan: $20 a month on monthly billing, or $17 a month on annual billing ($200 paid up front). | $20 / month$17 / month on annual billing | ₪60 | Claude — pricing page | 5 August 2026 | Provider-published |
Google AI Pro (Gemini)Note on this rowGoogle’s subscriptions page prices by the visitor’s country: the check from Israel displayed ₪74.9 a month, including Israeli VAT. The published USD price, $19.99 a month, was not displayed in that check, so this row is graded secondary. Every other row in the dossier is shown excluding VAT, so the USD amount is what is shown here too. | $19.99 / month | ₪59.97 | Google — the Gemini subscriptions page | 5 August 2026 | Secondary |
Converted at approximately ILS 3.00 per USD, as of 5 August 2026 — the shekel column is for illustration only. Prices are shown as the provider publishes them, excluding Israeli VAT, and a card issuer’s currency-conversion fee is generally added on top of them — check your own tariff.
Prices may change — check the provider’s own site. All trademarks belong to their owners; the mentions here are textual only and do not indicate any cooperation or connection.
What the price list does not include
Broker commissions, currency conversions, foreign securities taxes and account fees — all of them charged per trade or agreed per customer, and all of them varying between providers. Those figures come from the tariff page of the provider you actually use.
· Folder 1 of 6 · The Break-Even Point · Bullia ·
It adds the items you select into a monthly and a yearly total, and shows a pre-tax cost-coverage amount: how much pre-tax trading profit it would take for those costs to come out of the profit rather than out of pocket, assuming a 25% Israeli capital-gains tax rate. It is an arithmetic calculation on the costs you entered — not a return target, not a recommendation and not a forecast.
Tick only what you actually pay for. Beside each item is the price per month and the date it was checked.
On annual billing, the effective monthly price is shown for the providers that publish one. Rows priced in shekels are unaffected by the switch.
Platform and charts
Real-time market data
Not everyone pays for real-time data — delayed data is free. The whole group can be switched off in one click.
Broker and commissions
Trading journal
Infrastructure
AI tools
Pick one. The three subscriptions fill the same role, and ticking all three triples the total for no reason.
This is an arithmetic calculation based on the costs you selected. It is not a return target, a recommendation or a forecast. The full assumptions behind it are immediately below.
No account size was entered, so no percentage is shown — only the shekel amounts.
For historical numerical context only: S&P 500 — average annual return, 1957–2026: 10.69% a year, nominal (6.81% a year, after inflation), assuming dividends are reinvested. Source: Official Data Foundation — S&P 500 returns, checked on 5 August 2026. Past performance is not indicative of future results. This line is not a target, not a forecast and not a recommendation. It is one historical fact, for order of magnitude.
What moves this number
On an account of ₪50,000, the monthly cost comes to 0.5%.
Moving the slider also updates the account size on the reader card. The fixed cost itself does not change with the size of the account — only its weight does.
Trading a funded account? This calculator does not cover that case — the agreement and the taxation work differently there. Coming soon.
The assumptions behind the number
Trading a funded account?
The contractual and tax treatment differs. This calculator does not cover that case, and we have not tried to approximate it. Coming soon.
· Folder 2 of 6 · The Break-Even Point · Bullia ·
A brief, general description of selected Israeli tax rules relevant to trading in marketable securities by an individual who is an Israeli tax resident, as of 5 August 2026. It is not tax advice and it is not tax planning.
Under the Israeli tax treatment assumed here, a 25% rate applies to an individual’s real capital gain on the sale of marketable securities, where the activity is classified as capital rather than business income. “Real capital gain” is an Israeli tax term and is not the same thing as a realized capital gain: it means the gain after the relevant inflation adjustment, and for a security denominated in a foreign currency, after the exchange-rate adjustment.
Some foreign brokers may also withhold U.S. tax from dividends. That is separate from Israeli capital-gains tax, and may depend on the applicable treaty and on the investor’s circumstances.
An Israeli high-income surtax may apply on top of capital-gains tax, and its threshold and rate are set by legislation that changes. Not published here We did not verify the current figures against the official source for this review date, so we do not publish them. They are available from the Israel Tax Authority.
Under Israeli law, trading that is frequent, large in scale, systematic, financed, or carried out using professional knowledge may be classified as business income rather than a capital gain: marginal income-tax rates, National Insurance, bookkeeping and ongoing reporting, and different treatment of expenses. The line is drawn by the overall facts and by case law, not by any single numeric threshold. If your trading has business characteristics it may be classified differently — consult a qualified Israeli tax professional.
Under the capital-income assumption stated above, this calculator treats a platform, market-data or trading-journal subscription as not deductible against the capital gain. It therefore assumes those costs are paid from after-tax funds and grosses them up accordingly. This is a calculation assumption, not a conclusion about any particular reader’s deductible expenses; under a business classification the picture is different, and that is the point at which you need an accountant rather than a web page.
Not tax advice
This is a brief, general description of selected Israeli tax rules, written to explain where the calculation in this dossier comes from. It is not tax advice, it does not take any person’s circumstances into account, and it is not a substitute for checking the position with the Israel Tax Authority or a qualified Israeli tax professional.
· Folder 3 of 6 · The Break-Even Point · Bullia ·
Three formulas, one list of assumptions, and a list of what we could not verify. There is nothing else here.
total_monthly_ILS = Σ(price_usd × fx_rate) + Σ(price_ils)The total monthly cost in shekels: every dollar price is converted at one dated rate, and every shekel price enters as it stands. The rate we used: ILS 3.00 per USD, as of 5 August 2026.
cost_coverage_amount_ILS = total_monthly_ILS ÷ (1 − 0.25)The pre-tax cost-coverage amount: how much pre-tax trading profit it would take for exactly the cost total to remain after 25% capital-gains tax. It is an arithmetic gross-up of the cost — not a return target and not a forecast.
cost_share_of_account = total_monthly_ILS ÷ account_ILS × 100What percentage of the account entered the monthly costs come to. It is an arithmetic fact about the figures entered. When no account size is entered this line is simply not shown, and no number is put in its place.
The assumptions
When we cannot verify something, we say so rather than invent it
We checked the following and left them out because we could not cite a source: Israeli banks’ trading commissions Not published, a public MetaApi price list (secondary sources contradicted each other; anyone who pays for it can add it in the “another cost” field), Benzinga Pro prices and single NASDAQ and NYSE feeds.
Every row carries the figure shown, the source it rests on, the date it was checked and an evidence grade: nothing is pulled automatically, no price list is machine-translated, and nothing is estimated where there is no number. Where a provider publishes a band, the row is graded range-based and its note says which figure is shown and why. Where a provider blocks automated reading, or the figure had to be derived from other published numbers, the row is graded secondary and its note says so explicitly. If a row’s date looks old, treat the number as an indication and check it at the provider — the link on the row is there for exactly that.
The conversion rate was taken from Bank of Israel — representative exchange rates and is shown as a dated constant rather than a live rate, so the reader knows exactly what was converted and when.
· Folder 4 of 6 · The Break-Even Point · Bullia ·
Six recurring questions, answered plainly. No recommendations or advice.
The usual structure for trading U.S. stocks is a commission per share — around a cent a share — with a per-order minimum of roughly $5 to $7.50, and sometimes a monthly account fee of around ₪15 that is offset against the commissions actually charged.
No single official source The tariff is agreed with each customer separately and varies between providers; take your own figure from the tariff of the provider you use. Israeli banks’ commissions were not published in a form we could verify, so they are not in this dossier at all.
TradingView prices in dollars. At the dossier’s dated exchange rate, a Plus subscription on monthly billing comes to about ₪104.85 a month, and about ₪89.85 on annual billing. The basic plan is free. Two things inflate the final figure: real-time data packages are bought separately, and a card issuer’s currency-conversion fee is added on top of the published price.
For an individual Israeli tax resident, this dossier assumes a 25% Israeli tax rate on the real capital gain from marketable securities, where the activity is classified as capital rather than business income. “Real” here means after the inflation or exchange-rate adjustment; it does not mean “realized”. With an Israeli stock-exchange member the tax is generally withheld at source; with a foreign broker, the reporting and payment obligations may fall on the taxpayer. An Israeli high-income surtax may also apply, and trading classified as business income is treated differently. The detail is in the “Israeli taxes” folder. This is not tax advice.
The difference is one of cost structure, not a ranking. The independent route has fixed monthly costs (platform, data, journal) and a relatively low per-trade commission; the bank route has almost no fixed costs, and the weight moves to the buy and sell commissions and to management fees. The comparison depends on how many trades you make, how large they are, and the tariff you personally were given. This page does not decide which is cheaper — it shows the fixed costs of the independent side, because those are the figures that can be published with a source.
There is no single opening amount, and this page does not suggest one. What can be quantified is the fixed cost of the tools. The set shown in this dossier comes to ₪249.70 a month, ₪2,996.40 a year. That fixed cost does not change with the size of the account, so the smaller the account, the larger that fixed cost is as a percentage of the account — an arithmetic fact, not a recommendation about how much to deposit.
Some of the costs do go to zero: TradingView Basic is free, delayed data (10–15 minutes) is free, some brokers charge no inactivity fee, and a trading journal can be a spreadsheet. What does not go to zero: the per-trade commission, any applicable tax on taxable profits, and the currency-conversion fee. So “free” refers to the tools, not to the trading itself.
· Folder 5 of 6 · The Break-Even Point · Bullia ·
Every source the figures in this dossier rest on, with the date it was opened. There is no number here without a line in this list, and every row in the price list carries its own certainty stamp.
About these links
Providers change addresses and prices without notice. A link that no longer leads to the right place means the figure it backs is the first one that needs re-checking.
· Folder 6 of 6 · The Break-Even Point · Bullia ·
A day trader who holds a TradingView Plus subscription, a real-time U.S. stock data package and a trading journal pays ₪249.70 a month — ₪2,996.40 a year. Under this calculator’s stated assumptions — an individual Israeli tax resident whose trading is classified as capital rather than business activity, taxed at 25% on the real capital gain — the pre-tax cost-coverage amount is ₪332.93 a month — ₪3,995.20 a year.
This is an arithmetic gross-up of the selected costs. It is not a return target, a recommendation or a forecast.