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@afpatriots The lack of compounding on it for a year+ is still a real disadvantage.

@b429 If you file a W-8BEN with IB, the US withholding tax will be 15%. And that you claim back with DA-1. The R-US seems to be for the extra withholding that Swiss brokers keep on income from US securities. It doesn't apply to IB (or any other foreign-domiciled broker).

@nicokk Well, it is, but your broker might get into trouble for letting you trade it if you are not rich or experienced enough.

@nicokk Because of MIFID II and its requirement that ordinary investors only be allowed by brokers to invest in investments that have MIFID-compliant KIIDs. US ETFs don't bother to make these, since it's extra cost and the big funds have separate EU-targeted funds that already have KIIDs (and...

@lawrencejonish Also AIUI any investments held for you on behalf of IB UK by IB US are separately covered by the SIPC 500k guarantee.