Anyone experience trading in Europe stock?

J

jk90029

Dear-

As usual, I do have IB account with US dollar for trading in NYSE, with satisfied paying commission for one dollar each time.

Now, for the trading Europe stock as in https://individuals.interactivebrokers.com/en/index.php?f=1323.

A) In the US based IB account, do I need to prepare euro in IB account? If so, how much is the commisson?

B) I heard the IB has some branchs in Europe and Canada. If the commission in A) is too high, can I make Europe based IB account? If so how much is the brokerage?

C) Do I need to visit Europe myself to open account for Europe stock trading, for cheap brokerage? Although I have US based SSN+DL, I do not have any kind of document in Europe.

Thanks in advance for experienced trader.
 
A- no need
b- same commissions
C- nope

yet As a us residents u probably have restrictions on the products u can trade, no cfds allowed for instance
 
You just log in your account management with IB, and apply permission for the european products you are interested in and allowed to trade, as soon as they are accepted you are good to go
 
luisHK said:
A- no need
b- same commissions
C- nope

yet As a us residents u probably have restrictions on the products u can trade, no cfds allowed for instance
More...


So, with the dollar, IB convert USD to EUR with 1% of exchange cut? If I have EUR in other place, can I transfer it to IB, for saving the cut?

So, still $1 per 100 shares, as in US stocks?

In C), probably French market know IB as shareholder, instead of my real name.
 
jk90029 said:
So, with the dollar, IB convert USD to EUR with 1% of exchange cut? If I have EUR in other place, can I transfer it to IB, for saving the cut?

So, still $1 per 100 shares, as in US stocks?

In C), probably French market know IB as shareholder, instead of my real name.
More...

It isn't a 1% cut, its much less. You do a spot FX trade to get the EUR, so you're probably going to pay 1 pip.

You can also transfer EUR yourself into the account if you like.

Finally you can borrow EUR off IB. If you trade without exchanging money this is what will happen automatically, assuming it won't create a margining issue.

Commissions will vary depending on the market. The IB website has details. These levels don't depend on the domicile of where you opened the account, only on the domicile you're trading in. As a UK investor I pay the same as you to trade US markets.

IB will apply the restrictions not the 'french market', so there is no way round US person restrictions, except if you have a separate European legal entity in which case you could open a new account in their name.
 
it's probably a good idea actually reading the IB-website. all of your questions and many many more are answered there.
 
bjw said:
it's probably a good idea actually reading the IB-website. all of your questions and many many more are answered there.
More...

Of course I spent some time in IB-website. But I feel not enough.

Appreciated if you show me any explaining link (URL) in IB, to help me in the future.
 
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