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 All about ETFs / Foreign Brokers, Exchange traded funds

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mitch81
post Dec 19 2020, 07:06 AM

New Member
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Junior Member
38 posts

Joined: Dec 2011


QUOTE(ozak @ Dec 18 2020, 10:57 PM)
TD in the middle of integrating with CS.
Probably the reason slow down opening acc.
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QUOTE(lee82gx @ Dec 14 2020, 11:27 AM)
Etrade brokerage account
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own experience with Customer Service of E*Trade and Charles Schwab last couple of weeks - definitely something happened in their offices, several times had to hang on phone literally 2 hours, whereas before it was within 1 minute someone to pick up the phone and answer.
QUOTE(wendygoh @ Jul 4 2020, 10:12 AM)
QUOTE(Onelegkick80 @ Jul 3 2020, 11:59 PM)

Hello, may I know if anyone here signed up for a Charles Schwab account? Are all US ETFs indeed commission free or only applicable for Schwab issued ETFs? Thanks.
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Only their own house etf is zero commission
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i currently have an US account in Schwab. Do i need to convert it to international or can use as is? i heard if they find out then gonna close the account for violation of policy since once the account holder moved out of USA then has to convert to international. Although not always happens

This post has been edited by mitch81: Dec 19 2020, 07:27 AM
mitch81
post Dec 20 2020, 11:17 AM

New Member
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Junior Member
38 posts

Joined: Dec 2011


QUOTE(ozak @ Dec 19 2020, 10:23 AM)
QUOTE(mitch81 @ Dec 19 2020, 07:06 AM)
i currently have an US account in Schwab. Do i need to convert it to international or can use as is? i heard if they find out then gonna close the account for violation of policy since once the account holder moved out of USA then has to convert to international. Although not always happens
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How to know you're holding US or international account for CS?
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i have opened it while being in the USA; and for such applicants with physical US address (at the moment of application!) and SSN number they open only US type of account; moreover even if to ask for a conversion of account into international it will be refused as the existing account holder has to provide a proof of current foreign physical (not only postal!) address + form I-94 indicating the exit from the USA + some other stuff
however, now i am kinda hestitating after viewing this post:
QUOTE
At the time I moved to Italy I immediately informed Schwab (as well as my US bank) of my new Italian address. Pretty naively, I must admit. A few years later I paid the price of such transparency: today, I CANNOT transfer MY money from MY personal US bank account to Schwab, or viceversa. Needless to say, I am well aware of friends that have kept fictitious US addresses, and have none of these problems


This post has been edited by mitch81: Dec 20 2020, 11:24 AM

 

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