• Welcome to DOSBODS

     

    DOSBODS is free of any advertising.

    Ads are annoying, and - increasingly - advertising companies limit free speech online. DOSBODS Forums are completely free to use. Please create a free account to be able to access all the features of the DOSBODS community. It only takes 20 seconds!

     

Archived

This topic is now archived and is closed to further replies.

Green Devil

Saved by the EU (again)

Recommended Posts

Trying to trade some US ETFs today, i find today that my broker has now blocked all EU customers from trading US ETFS!

WTF?

Apparently the EU changed the rules for our own protection, off course there are EU based equivalents but the fees are far higher and the markets are illiquid.

https://www.elitetrader.com/et/threads/priips-kid-on-ib.322160/

Share this post


Link to post
Share on other sites

As a retail investor we can trade the ETFs that hold a relevant key information document (KID). Otherwise they are only open to institutional and professional investors. I very nearly signed the paperwork to become a professional investor (as I met a few of the criteria, including working in finance for a few years a long time ago but excluding the €500,000 of funds sadly) however the small print exclaims that you lose FSCS protection and the guarantees that come with it. 

Share this post


Link to post
Share on other sites
On 20/07/2018 at 21:49, longtomsilver said:

As a retail investor we can trade the ETFs that hold a relevant key information document (KID). Otherwise they are only open to institutional and professional investors. I very nearly signed the paperwork to become a professional investor (as I met a few of the criteria, including working in finance for a few years a long time ago but excluding the €500,000 of funds sadly) however the small print exclaims that you lose FSCS protection and the guarantees that come with it. 

Might be worth doing so with just the one broker? Or does it not work like that?

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.