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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
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CFD accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd and share dealing and stocks and shares ISA accounts provided by IG Trading and Investments Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957), IG Index Ltd (a company registered in England and Wales under number 01190902) and IG Trading and Investments Ltd (a company registered in England and Wales under number 11628764). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. IG Markets Ltd (Register number 195355), IG Index Ltd (Register number 114059) and IG Trading and Investments Ltd (Register number 944492) are authorised and regulated by the Financial Conduct Authority.
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UK resident but make money on YouTube is this ECI?
in New Client Trading Questions
Posted
Hi I live in England but I make some money from YouTube and the Android and Apple app markets which are USA based. I am a UK resident so I pay my tax over here in the UK.
I want to deal in some USA shares. It asks me to fill out the form on "Dealing US stock (W-8BEN)" .
One questions asks "Are you receiving income that is effectively connected with the conduct of a trade or business in the U.S.?"
I am receving a bit of income from US companies. So if I click yes to this question then I cannot trade on US companies on ig.com.
Have I read this correctly? Or am I answering no to this question because I am not resident in USA?
Screenshot attached for info on what it says
Thanks