[Struggling to deal stock and etfs - some advice please...]

On 30/04/2020 at 16:47, Prb20 said:

Hi guys, 

New to this site and investing in general. I want to buy into some ETF's but having a couple of issues.

The first is that I got a message after trying to buy an ETF that 'it was a complex product and that I didn't have access... does this make any sense to any one?

I am going to be investing rather than trading. Also where on the platform can you view the holdings of each ETF

I did try to buy some individual stocks the other day and each of my deals were rejected or unsuccessful. I am trying to find a simple video on here to see what I am doing wrong! 

Thank you

Hi,

So finally figured it out:

Firstly, fill in the US W-8BEN Form online to allow you to trade in US Stocks

Then call IG - there is an over the phone questionnaire which you can do which allows access to some US ETFs (not all)

You are likely a 'retail client' like I was, you can consider upgrading to a professional client if you meet the criteria - IG can email you the link when you call up

Finally, open spread beeting / CFD accounts - even if you are not planning on using them right away.

Doing all these things, seem to allow me to trade US ETFs within a Share dealing account from the UK.

 

Good Luck!

 

[Struggling to deal stock and etfs - some advice please...]

I am having the same issue 🤷🏻‍♂️

[UK Account unable to trade US ETFs]

Hi,

looking for some help, I was told By IG that as I am in the UK, “European Retail Clients are unable to trade US listed ETFs”.

The thing is, the system allows me to trade Some US listed ETFs and I have UK trader friends who can trade US listed ETFs that I cannot. 
 

Just wondering what is going on and if others have had similar experiences?