Hello,
I have been trying to find somehwere to open a brokerage account to invest in the Swiss and European Stock Market. I am particularly interested in Investment/Mutual Funds.
The only challenge I have found is that as an American citizen, my bank (UBS) and a couple of the other brokers I have tried won't let me open an account with them.
Where can I find a Swiss brokerage that will take me to make investments? I have no money to hide so privacy isn't a big consideration for me when finding a broker.
Thanks,
Beofotch
Forums in Geneva > Geneva > Invest in Swiss/Euro Stock Market & Investment Funds (As an American)
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Invest in Swiss/Euro Stock Market & Investment Funds (As an American)
Aug 5, 2009 @ 13:40
The text you are quoting:
Hello,
I have been trying to find somehwere to open a brokerage account to invest in the Swiss and European Stock Market. I am particularly interested in Investment/Mutual Funds.
The only challenge I have found is that as an American citizen, my bank (UBS) and a couple of the other brokers I have tried won't let me open an account with them.
Where can I find a Swiss brokerage that will take me to make investments? I have no money to hide so privacy isn't a big consideration for me when finding a broker.
Thanks,
Beofotch
beofotchAug 5, 2009 @ 13:40
I have been trying to find somehwere to open a brokerage account to invest in the Swiss and European Stock Market. I am particularly interested in Investment/Mutual Funds.
The only challenge I have found is that as an American citizen, my bank (UBS) and a couple of the other brokers I have tried won't let me open an account with them.
Where can I find a Swiss brokerage that will take me to make investments? I have no money to hide so privacy isn't a big consideration for me when finding a broker.
Thanks,
Beofotch
beofotchAug 5, 2009 @ 13:40
Your Reply:
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Re: Invest in Swiss/Euro Stock Market & Investment Funds (As an American)
Post 1
Aug 5, 2009 @ 14:21
Have you tried Swissquote?
These guys will accept you.
http://www.interactivebrokers.com/ibg/main.php
These guys will accept you.
http://www.interactivebrokers.com/ibg/main.php
The text you are quoting:
Have you tried Swissquote?
These guys will accept you.
http://www.interactivebrokers.com/ibg/main.php
Verbier, Aug 5, 2009 @ 14:21
These guys will accept you.
http://www.interactivebrokers.com/ibg/main.php
Verbier, Aug 5, 2009 @ 14:21
Your Reply:
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Re: Invest in Swiss/Euro Stock Market & Investment Funds (As an American)
Post 2
Aug 5, 2009 @ 14:24
have you tried:
?
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Re: Invest in Swiss/Euro Stock Market & Investment Funds (As an American)
Post 3
Aug 5, 2009 @ 14:25
Thank you for the prompt replies. Swissquote looked perfect except for this disclaimer on their application which will prevent me from trading investment/mutual funds which is what I want:
The account holder is a "US person", i.e. a US citizen (single, dual or multiple nationality) or that he holds the "resident alien" status (for example by holding a "Green Card" or having carried out frequent visits to the USA in the current year and the previous two years). The account holder accepts that the Bank, due to legal and fiscal reasons, prohibits the access to any US securities (in particular access to the US stock markets and US securities listed on other stock markets) .
The account holder is a "US person", i.e. a US citizen (single, dual or multiple nationality) or that he holds the "resident alien" status (for example by holding a "Green Card" or having carried out frequent visits to the USA in the current year and the previous two years). The account holder accepts that the Bank, due to legal and fiscal reasons, prohibits the access to any US securities (in particular access to the US stock markets and US securities listed on other stock markets) .
The text you are quoting:
Thank you for the prompt replies. Swissquote looked perfect except for this disclaimer on their application which will prevent me from trading investment/mutual funds which is what I want:
The account holder is a "US person", i.e. a US citizen (single, dual or multiple nationality) or that he holds the "resident alien" status (for example by holding a "Green Card" or having carried out frequent visits to the USA in the current year and the previous two years). The account holder accepts that the Bank, due to legal and fiscal reasons, prohibits the access to any US securities (in particular access to the US stock markets and US securities listed on other stock markets) .
beofotch, Aug 5, 2009 @ 14:25
The account holder is a "US person", i.e. a US citizen (single, dual or multiple nationality) or that he holds the "resident alien" status (for example by holding a "Green Card" or having carried out frequent visits to the USA in the current year and the previous two years). The account holder accepts that the Bank, due to legal and fiscal reasons, prohibits the access to any US securities (in particular access to the US stock markets and US securities listed on other stock markets) .
beofotch, Aug 5, 2009 @ 14:25
Your Reply:
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Re: Invest in Swiss/Euro Stock Market & Investment Funds (As an American)
Post 4
Aug 5, 2009 @ 14:26
Thank you for the prompt replies. Swissquote looked perfect except for this disclaimer on their application which will prevent me from trading investment/mutual funds which is what I want:
The account holder is a "US person", i.e. a US citizen (single, dual or multiple nationality) or that he holds the "resident alien" status (for example by holding a "Green Card" or having carried out frequent visits to the USA in the current year and the previous two years). The account holder accepts that the Bank, due to legal and fiscal reasons, prohibits the access to any US securities (in particular access to the US stock markets and US securities listed on other stock markets) as well as investment funds offered on the Bank's trading platform.
I am looking at interactive brokers now...
The account holder is a "US person", i.e. a US citizen (single, dual or multiple nationality) or that he holds the "resident alien" status (for example by holding a "Green Card" or having carried out frequent visits to the USA in the current year and the previous two years). The account holder accepts that the Bank, due to legal and fiscal reasons, prohibits the access to any US securities (in particular access to the US stock markets and US securities listed on other stock markets) as well as investment funds offered on the Bank's trading platform.
I am looking at interactive brokers now...
The text you are quoting:
Thank you for the prompt replies. Swissquote looked perfect except for this disclaimer on their application which will prevent me from trading investment/mutual funds which is what I want:
The account holder is a "US person", i.e. a US citizen (single, dual or multiple nationality) or that he holds the "resident alien" status (for example by holding a "Green Card" or having carried out frequent visits to the USA in the current year and the previous two years). The account holder accepts that the Bank, due to legal and fiscal reasons, prohibits the access to any US securities (in particular access to the US stock markets and US securities listed on other stock markets) as well as investment funds offered on the Bank's trading platform.
I am looking at interactive brokers now...
beofotch, Aug 5, 2009 @ 14:26
The account holder is a "US person", i.e. a US citizen (single, dual or multiple nationality) or that he holds the "resident alien" status (for example by holding a "Green Card" or having carried out frequent visits to the USA in the current year and the previous two years). The account holder accepts that the Bank, due to legal and fiscal reasons, prohibits the access to any US securities (in particular access to the US stock markets and US securities listed on other stock markets) as well as investment funds offered on the Bank's trading platform.
I am looking at interactive brokers now...
beofotch, Aug 5, 2009 @ 14:26
Your Reply:
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Re: Invest in Swiss/Euro Stock Market & Investment Funds (As an American)
Post 5
Aug 5, 2009 @ 14:48
Thanks for this. The key is "as well as investment funds offered on the Bank's trading platform." It was deleted from my first post because I tried to put Bold around it but it deleted the text instead.
I will look at this swiss stock investors club...
[quote]A bit confused as you said on your original post - Swiss Stock exchange - and your last post concerns the Us Market
Try sending an email here - and see if you get a reply
SWISS STOCK INVESTORS CLUB
Email: [email protected]
[/quote]
I will look at this swiss stock investors club...
[quote]A bit confused as you said on your original post - Swiss Stock exchange - and your last post concerns the Us Market
Try sending an email here - and see if you get a reply
SWISS STOCK INVESTORS CLUB
Email: [email protected]
[/quote]
The text you are quoting:
Thanks for this. The key is "as well as investment funds offered on the Bank's trading platform." It was deleted from my first post because I tried to put Bold around it but it deleted the text instead.
I will look at this swiss stock investors club...
[quote]A bit confused as you said on your original post - Swiss Stock exchange - and your last post concerns the Us Market
Try sending an email here - and see if you get a reply
SWISS STOCK INVESTORS CLUB
Email: [email protected]
[/quote]
beofotch, Aug 5, 2009 @ 14:48
I will look at this swiss stock investors club...
[quote]A bit confused as you said on your original post - Swiss Stock exchange - and your last post concerns the Us Market
Try sending an email here - and see if you get a reply
SWISS STOCK INVESTORS CLUB
Email: [email protected]
[/quote]
beofotch, Aug 5, 2009 @ 14:48
Your Reply:
Only members can see names and photos
Re: Invest in Swiss/Euro Stock Market & Investment Funds (As an American)
Post 6
Aug 5, 2009 @ 16:16
Hi
Pretty much any european bank or brokerage with USD activities is likely to be screening out 'US persons' (a much broader definition than US citizens) right now thanks to the the commercial risk posed by the IRS and DoJ.
The bottom line is that smaller investors are stuck with it and will have to deal with a bank in the US. Even if you find facilities here, investments in offshore funds, hedge funds, private equity etc would attract a 48% tax on gains.
These restrictions can be navigated by investing through structures, but its only really worth it for larger investors & amounts.
Not helpful, I know .. but thats how it is. Unless anyone knows different :-)
[quote]Thank you for the prompt replies. Swissquote looked perfect except for this disclaimer on their application which will prevent me from trading investment/mutual funds which is what I want:
The account holder is a "US person", i.e. a US citizen (single, dual or multiple nationality) or that he holds the "resident alien" status (for example by holding a "Green Card" or having carried out frequent visits to the USA in the current year and the previous two years). The account holder accepts that the Bank, due to legal and fiscal reasons, prohibits the access to any US securities (in particular access to the US stock markets and US securities listed on other stock markets) as well as investment funds offered on the Bank's trading platform.
I am looking at interactive brokers now...[/quote]
Pretty much any european bank or brokerage with USD activities is likely to be screening out 'US persons' (a much broader definition than US citizens) right now thanks to the the commercial risk posed by the IRS and DoJ.
The bottom line is that smaller investors are stuck with it and will have to deal with a bank in the US. Even if you find facilities here, investments in offshore funds, hedge funds, private equity etc would attract a 48% tax on gains.
These restrictions can be navigated by investing through structures, but its only really worth it for larger investors & amounts.
Not helpful, I know .. but thats how it is. Unless anyone knows different :-)
[quote]Thank you for the prompt replies. Swissquote looked perfect except for this disclaimer on their application which will prevent me from trading investment/mutual funds which is what I want:
The account holder is a "US person", i.e. a US citizen (single, dual or multiple nationality) or that he holds the "resident alien" status (for example by holding a "Green Card" or having carried out frequent visits to the USA in the current year and the previous two years). The account holder accepts that the Bank, due to legal and fiscal reasons, prohibits the access to any US securities (in particular access to the US stock markets and US securities listed on other stock markets) as well as investment funds offered on the Bank's trading platform.
I am looking at interactive brokers now...[/quote]
The text you are quoting:
Hi
Pretty much any european bank or brokerage with USD activities is likely to be screening out 'US persons' (a much broader definition than US citizens) right now thanks to the the commercial risk posed by the IRS and DoJ.
The bottom line is that smaller investors are stuck with it and will have to deal with a bank in the US. Even if you find facilities here, investments in offshore funds, hedge funds, private equity etc would attract a 48% tax on gains.
These restrictions can be navigated by investing through structures, but its only really worth it for larger investors & amounts.
Not helpful, I know .. but thats how it is. Unless anyone knows different :-)
[quote]Thank you for the prompt replies. Swissquote looked perfect except for this disclaimer on their application which will prevent me from trading investment/mutual funds which is what I want:
The account holder is a "US person", i.e. a US citizen (single, dual or multiple nationality) or that he holds the "resident alien" status (for example by holding a "Green Card" or having carried out frequent visits to the USA in the current year and the previous two years). The account holder accepts that the Bank, due to legal and fiscal reasons, prohibits the access to any US securities (in particular access to the US stock markets and US securities listed on other stock markets) as well as investment funds offered on the Bank's trading platform.
I am looking at interactive brokers now...[/quote]
wilycoyote, Aug 5, 2009 @ 16:16
Pretty much any european bank or brokerage with USD activities is likely to be screening out 'US persons' (a much broader definition than US citizens) right now thanks to the the commercial risk posed by the IRS and DoJ.
The bottom line is that smaller investors are stuck with it and will have to deal with a bank in the US. Even if you find facilities here, investments in offshore funds, hedge funds, private equity etc would attract a 48% tax on gains.
These restrictions can be navigated by investing through structures, but its only really worth it for larger investors & amounts.
Not helpful, I know .. but thats how it is. Unless anyone knows different :-)
[quote]Thank you for the prompt replies. Swissquote looked perfect except for this disclaimer on their application which will prevent me from trading investment/mutual funds which is what I want:
The account holder is a "US person", i.e. a US citizen (single, dual or multiple nationality) or that he holds the "resident alien" status (for example by holding a "Green Card" or having carried out frequent visits to the USA in the current year and the previous two years). The account holder accepts that the Bank, due to legal and fiscal reasons, prohibits the access to any US securities (in particular access to the US stock markets and US securities listed on other stock markets) as well as investment funds offered on the Bank's trading platform.
I am looking at interactive brokers now...[/quote]
wilycoyote, Aug 5, 2009 @ 16:16
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