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  1. J

    Interactive Brokers gets rid of monthly fees & minimal account values

    @cynicious You can deposit EUR for free. You can then trade with EUR or exchange to USD for a fee of 2 USD (without exchange rate markup). You should read if this a broker suitable for you. I didn't mean to advertise it in general, but mostly thought it will be useful to know for people who...
  2. J

    I’m living in the UK. Can I open a US joint checking account with my father who still resides in the US

    @zailan3 Yes, you can do this. In most cases, you would use the address of your father, but also a foreign address may work. If you have a US credit score, you might even be able to open accounts online (see here regarding my experience of keeping accounts open). Generally, it is also not a...
  3. J

    Interactive Brokers gets rid of monthly fees & minimal account values

    @cynicious You can deposit EUR for free using a SEPA transfer. As long as your bank allows free SEPA transfers (all banks from Germany, most banks in the euro zone that I know).
  4. J

    Expat Wealth Tracker - How do you track your foreign accounts?

    @john_geeshu This looks interesting - I will check it out. I guess you won't be sharing the source code on github? The main advantage of a spreadsheet is that even a lay person without coding knowledge can make lots of adjustments and at the same time has full control about the data (and even...
  5. J

    Expat Wealth Tracker - How do you track your foreign accounts?

    @skeptonaut No, those values are simulated. I also only blow my cash on GME and AMC to shout "YOLO!".
  6. J

    Interactive Brokers gets rid of monthly fees & minimal account values

    @inkarpathos This is only if you are a company that wants to use Interactive Brokers to offer brokerage services to a third party. You need to look on the top under "Individual, Joint, Trust and Org Accounts". It's stupid and misleading, but what you find under "Broker" does not apply to...
  7. J

    Expat Wealth Tracker - How do you track your foreign accounts?

    @resjudicata Thanks! I like to seperate profits, so that i can also look at the base line of "savings without profits". Because the overall wealth will fluctuate a lot, so it's great to see how the base capital grows steadily (while profits on top move up and down). I'm thinking of building...
  8. J

    Expat Wealth Tracker - How do you track your foreign accounts?

    I wanted to share and simultaneously ask for feedback on the following rather simple Google Finance "Expat Wealth Tracker". My goal was to build a simple spreadsheet which I can update monthly (or quarterly) to see how various investments change and keep an overview over all my accounts. Key...
  9. J

    Interactive Brokers gets rid of monthly fees & minimal account values

    @waheetha That's true and I think that's good for many purposes. US-ETFs are mostly relevant if you need to pay taxes in the US (as UCITS ETFs are highly problematic under US tax law). Apart from that US ETFs often have lower fees, but EU ETFs also get cheaper nowadays. Finally, there are...
  10. J

    Interactive Brokers gets rid of monthly fees & minimal account values

    @brinkley25 No. However, if you open the account with a EU address, they won't allow you to trade US ETFs due to the EU MiFiD regulation. It's not that it's illegal for YOU to own such ETFs, but EU regulation forbids for any broker to sell such products to EU retail investors. In terms of...
  11. J

    Interactive Brokers gets rid of monthly fees & minimal account values

    @brinkley25 You can use IB to trade on most major exchanges in the US and worldwide, including NASDAQ, NYSE, London, Paris, Frankfurt etc.
  12. J

    US citizen investing from EU

    @kimhills Which won't be a problem if you can also provide a bank statement.
  13. J

    Interactive Brokers gets rid of monthly fees & minimal account values

    @submiracle Not live, but delayed by a few minutes. Still, you get excellent execution, so for liquid stocks you'll get the price. Still I'd always set a limit order.
  14. J

    Interactive Brokers gets rid of monthly fees & minimal account values

    @submiracle Yes, this is my understanding. I should say: If you also want to get market data, you need to pay extra - but if you do buy and hold, it should be fine to get the prices from some other website with small time delay (or you only pay for market data snapshots, which cost like a few...
  15. J

    Interactive Brokers gets rid of monthly fees & minimal account values

    @submiracle I would say yes. Check the commission structure here: https://www.interactivebrokers.eu/en/index.php?f=39753&p=stocks2. Maybe Degiro is a bit more transparent, but you will generally pay 0.35 USD or 1 USD for regular trades on US exchanges and a bit more (4 EUR!?) in Europe. I'm...
  16. J

    Interactive Brokers gets rid of monthly fees & minimal account values

    @colouredfaithful I believe you can, but I'm no expert. I found this information: https://money.stackexchange.com/questions/134898/can-i-trade-stocks-in-iex-with-interactive-brokers.
  17. J

    Interactive Brokers gets rid of monthly fees & minimal account values

    @dartman Thanks a lot. You can check out my blog https://www.expatfinance.us/, where I also list some referral links. However, in case of IBKR I'm not sure if they work for European customers anymore. In general, they are running an attractive promotion, namely the referred person gets 1% of...
  18. J

    Avoiding Foreign Transaction Fees of US Credit Cards / Up to 7.5% Cashback on Groceries etc. worldwide (available in Europe, soon also in the US)

    TL;DR If you are a US Expat with high rewards US credit cards (such Chase Freedom Flex or Citi Custom Cash giving 5-7.5% cashback) and want to use this card outside of the US, you can do this by linking it to the British Curve card (currently available in Europe, but should also become...
  19. J

    Interactive Brokers gets rid of monthly fees & minimal account values

    @matheww1 Thanks for pointing this out. I will clarify it! IBKR usually charges 1 USD minimal fier in the fixed commission system: https://www.interactivebrokers.eu/en/index.php?f=39753&p=stocks1. However, you are correct, that there is a minimal fee of 0.35 USD in the tiered commission...
  20. J

    Interactive Brokers gets rid of monthly fees & minimal account values

    @harmonie7 Unfortunately, I don't have any reliable info on this. Maybe ask in the subreddit: https://www.reddit.com/r/interactivebrokers
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