EU rule prohibiting EU residents from trading US ETF's

glebecki

Member
67 2
I am a US citizen living in the EU. A current EU rule prevents my trading US ETFs. Does anyone know a way to get around this?

Thanks,
--george
 

Trader333

Moderator
8,502 881
It looks like it is an EU compliance issue which the US exchanges seem less than concerned about meeting which is understandable in view of how much trading is done that is not from the EU. If your broker is prepared to class you as "A sophisticated investor" then you will be allowed to trade US ETFs. However, they often want a large balance in your account first but either way it is worth asking them how you can comply with what is needed to be able to trade these instruments.
 
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glebecki

Member
67 2
Thanks for the comments. I will call Ameritrade.
 

glebecki

Member
67 2
I called Ameritrade. They said that I am able to trade single securities but am not allowed to trade ETF's and mutual funds.
Thanks for the suggestion to ask my broker Ameritrade.
 

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