Interactive Broker (EU-based) investment in non-EU countries?

[Oakgrove]

I have a (German-based) IB account with EUR denomination - know how to trade stocks,‌ ETFs etc from EU-based stock markets, but now wanted to dabble into other markets (say‍ SG or JP). I think I was granted permission to trade in those countries, but⁠ is the ONLY way to do this is to convert my EUR to SGD (for⁤ SG market) or JPY (for JP market) before buying SG/JP stocks? OR would IB allow⁣ me to transfer in my existing SGD/JPY from a SG/JP-based bank?

Sorry I searched for⁢ this everywhere (and the IB website is of no help).

 

[Martin Everson]

See below⁤ if your situation allows transferring in the currencies you seek. Seems like SGD and JPY⁣ deposit not available to you as your in Europe. You got limited currency choices for⁢ deposits being European based.

https://www.interactivebrokers.com/en/support/fund-my-account.php

 

[lmd95]

Hi sir⁠ how can I get a us IBKR account to trade us mutual funds please ?⁤ I was just denied application on my real data with my passport (French national residing⁣ in Malta) with US adress of my registered agent of LLC that I registered before⁢

Thanks and best regards

 

[Martin Everson]

Move outside EU to⁤ a country that works with IBKR US entity. Or ditch the US LLC.

 

[lmd95]

Thanks for reply not sure if I‍ explained myself well, I meant I applied for a personal account but with my LLC’s⁠ registered agent adress. Maybe will have better chance if i apply for a virtual office⁤ adress and try apply with that ?

Regarding moving outside EU not an option for⁣ me now unfortunately 🙁( but will keep it in mind

Édit : do i have⁢ no choice but ditch LLC ? And in that case how I would be able︀ to get US adress
They let me apply for U.S. based account using vpn but︁ I need us adress to qualify for us mutual funds, the issue is when I︂ complete verification process,they said « your application was denied after » after a few days︃ being « pending ». So confusing 🙁 I also have an application underway as an LLC,︄ but thy ask for loads of paperwork’s didn’t get through it yet. Main problem is︅ biz account on LLC name aleo (novel rejects me twice)

 

[Martin Everson]

Why not use your own address and an EU IBKR entity⁤ which you will be forced to use. What are you trying to achieve here?

 

[lmd95]

Cause EU is a bit like dictatorship and for some weird reason people can’t⁠ invest on us funds (unless you pass some crazy procedure where you must upload history⁤ of your trades for past 5 years lol, I mean practically impossible to pass it⁣ from what I was told)

 

[Martin Everson]

The reason you can't invest in⁤ those funds via EU IBKR entities is because of PRIIP regulations below.

https://ibkr.info/node/2993
We discussed⁣ this exact topic already on thread below. So have a read through it

https://www.offshorecorptalk.com/threads/opening-ib-us-account-from-eu.25388/#post-92025

 

[lmd95]

Thanks quite, I will⁠ go through it rn