Do currency conversions count towards the total trade volume?
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You (hopefully!) wonât be looking for cheapest. You should be looking for a trustworthy broker in a trustworthy jurisdiction. Many if not most trustworthy jurisdictions will either have similar regulations in place. Even if they donât, their brokers may not offer U.S. ETFs reasons.
Maybe you will be able to do it in the U.S., if you can get to open up an account with a U.S. broker. That leaves the question: how are you going to move funds in and out of it?
You can buy VWCE or VWRL at IBKR.
The âbackdoorâ into VT through assigned options (as someone mentioned above) is something Iâd never recommend - unless someone specifically asked for it.
This has been discussed to death in this forum over the past 5+ years. I think people went as far as asking the federal authorities for their interpretation.
I donât think IBKR is being explicitly advertised in Switzerland so would be eligible for reverse-solicitation to begin with. And secondly, thereâs the execution-only opt out.
Yuh is very different, it couldnât claim it wasnât advertising those ETFs when theyâre part of a small list of ETFs being able to be traded. Itâs definitely not the same as IBKR, SQ or PF which are real brokers.
Somewhere on the IB web site itâs specified that currency conversion doesnât count
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I vote for keeping calm and drinking some chamomile tea. As far as I can see, this still might turn out to be just some administrative issue, doesnât it?
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I truly hope you are right. However, the response I received by customer service is most likely a âstandardâ response (I donât think the wrote it for me expressly). The fact that someone took the time to create a standard response mentioning Swiss residents has me worried.
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I get that. Not that this helps much, but given the demand for cheap and more diverse US ETFs, the EU and CH will come under pressure sooner or later, no matter what. Protectionism never succeeds in the end.
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My monthly purchase of $2000 in VOO was stopped⊠The tax benefits and low fees I think we cannot get with any Ireland based ETF, or am I mistaken?
Maybe itâs a sign to stop investing and start gamblingâŠ
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Higher TER and 15% of dividends lost. So you are looking at 0.3-0.5% less return per year.
Someone with everything in English can confirm if the problem is only related to the language?
Itâs not language related, there are not KIDs available for US ETFs.
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for USA you can use a synthetic ETF, almost as low TER and no withholding taxes, but it is a synthetic ETF
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Which instrument would that be?
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Itâs not like you canât open an account to a swiss broker, but more like they donât want to open one for you as it implies a s*** lot of paper work for them in order to comply with FATCA, and other specific legislation for US citizen.
For FATCA, it seems that Switzerland is negotiating with the US to apply the model 1 instead of the model 2 of FATCA which should be a good news for US citizen in Switzerland (it will be easiest to open a bank account for instance).
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I remember that someone here heâs investing in this ETF: https://etf.invesco.com/sites/default/files/documents/IVZ_SMSWLD_FACTSHEET_EN.pdf
or this one: https://etf.invesco.com/sites/default/files/documents/IVZ_SMSUSA_FACTSHEET_EN.pdf
Todays Helpdesk reply:
Dear Mr. SwissMousse
Thank you for contacting Interactive Brokers Client Services.
The warnings, order cancellations or rejections for instruments without Key Information Documents (KIDs) were related to a temporary technical issue on our side which should have been resolved in the meantime. We are sorry for any inconvenience.
As a Swiss resident for now you should be able to place opening orders for products (e.g. ETFs) without KIDs. You can also resubmit your orders if you would like to.
If this matter requires further discussions, please let us know.
Best regards,
IBKR Trade Desk
Itâs not working yet, but today seems to be maintenance day.
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OMG⊠I got an entirely different response! 
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Well, itĆ still to see what the response I got is worth. Still got the red dots.
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Maybe it depends how one asked the question. Would you agree to share it with us @SwissMousse and @donato ?
I have the same issue, order has been canceled for reason of âno trading permissionâ and would like to write the support too.
Sure, what I wrote is:
Hello! I see that trade permissions on US ETFs in my portfolio have been removed. However, I reside in Switzerland, not in the EU.
Is it possible to have the trade permissions back?
Thank you!
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