- If you’re moving to other European countries, probably.
- Fees are on their web site. I think they also show commissions when ordering in client portal.
50 to 100 CHF per trade sounds like a lot in fees - what amount / numbers volume are we talking?
Side note: IBKR has a bit of a reputation of holding your hand in customer support.- It doesn’t change anything (on EU income) but it can’t hurt either (if you answer truthfully), can it?
Thanks for your feedback
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I was just looking for a reference number for an investment of 100K. Regarding IB support, I find the communication a bit slow using the email. Perhaps I should open the account with some funding to get some attention?
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There are no explanations on the guide about why I should answer yes (to the “eligibility for a U.S. benefit tax treaty”). I suppose there is some agreement between the US and CH…but the criteria are not that clear to me and I am not sure about.
EDIT:
about point 3:
I believe I found some key info here:
" however, for foreign investors (swiss domiciled…), by default, US based funds & companies pay 30% (=L2WT) of withholding Tax from distributed dividends to the US tax authorities. BUT ,it takes some effort to get there: you need to file a [W8-BEN ] form for this. Your broker needs to be a “qualified intermediary” for this. From IB we know they directly do it when you sign up."
I suppose that being a Swiss citizen (B-permit) I can leverage on that treaty. That’s probably what the IB subscription guide, section 13, is referring to… Still, the ETFs I have chosen both have an ISIN starting with LU (Luxemburg) , so perhaps I am not eligible for this benefit . Actually I am not even sure whether that is a good way to find out where the ETF domicile is.
Is the broker supposed to help with such details?