The US Foreign Account Tax Compliance Act (FATCA), designed to combat tax evasion in other countries and effective as of January 1, 2013, has created additional reporting and withholding requirements for US-based brokers. Rather than comply with these new regulations, many US-based brokers have been closing or freezing the brokerage accounts belonging to US expats.
Not Interactive Brokers. We comply with FATCA regulations and we welcome US expats investing abroad. We are the largest US electronic broker (based on daily average revenue trades), and our customers have already discovered our global offerings, low cost and best price execution, advanced trading technology and comprehensive reporting.
We offer direct market access to stocks, options, futures, forex, bonds, ETFs and CFDs on over 120 market centers in 26 countries from a single IB Universal AccountTM. We also include multiple currency funding and trading assets denominated in multiple currencies, allowing for truly international trading accounts.
From advanced trading platforms and over 60 order types and algos to sophisticated risk management and securities financing solutions, our trading technology delivers real advantages to traders and investors everywhere, including US citizens living abroad.
We offer comprehensive reporting to all of our customers, including highly customizable statements, a variety of reports for every type of account, portfolio performance analysis, Transaction Cost Analysis reporting, and of course tax reporting.