ETF's Interactive Brokers

Rainmann

Hi All.

I would like to invest in the QQQ and S&P 500 on Interactive Brokers and wondering what the best way is to go about it. I understand this are not investments typically available for Europeans but I have heard their are workarounds. On Interactive Brokers they seem to offer them in a CFD format. Does anyone have any experience here, do's / don'ts etc... Any suggestions on best ones to invest in would be great.

Thanks!

Supercell

EQQQ and VUSA are available and legal, CFD are devils spawn.

Rainmann

https://www.boards.ie/discussion/comment/121073657#Comment_121073657

Thanks.

Rainmann

https://www.boards.ie/discussion/comment/121073657#Comment_121073657

Are they under a different ticker in IB do you know, cant seem to find them?

Del007

Is Revolut an option for EFT's? Seem them recently in there

Supercell

https://www.boards.ie/discussion/comment/121074300#Comment_121074300

Sorry, I'm on Degiro not IB so don't know.

JoeCat

I know it's a bit late of a reply, but I just noticed it now. Europeans are not allowed to buy NA ETFs directly, it explains it can be done through options though. You can find more info in here:

https://www.reddit.com/r/interactivebrokers/comments/wz0xce/not_permitted_to_buysell_spy_etf/

If you are looking for some European alternatives that track the QQQ:

In IB I found:

EQQQ - INVESCO NASDAQ-100 DIS

And the following:

1. Invesco EQQQ NASDAQ-100 UCITS ETF: This ETF tracks the performance of the NASDAQ-100 Index and is traded on European stock exchanges in European currencies.
2. iShares NASDAQ 100 UCITS ETF (Acc): This ETF is domiciled in Ireland and is traded in Euros.
3. Amundi Index Solutions - Amundi Nasdaq-100 ETF-C EUR: This ETF is also a good option for tracking the NASDAQ-100.
4. Lyxor Nasdaq-100 UCITS ETF - Dist: This ETF is another alternative that tracks the NASDAQ-100.
5. Xtrackers NASDAQ 100 Swap UCITS ETF 1C: This ETF is designed to mirror the performance of the NASDAQ-100 Index.
6. 
   
7. 
   
8. For the S&P 500 you've got:
9. 
   
10. iShares Core S&P 500 UCITS ETF (CSPX): This ETF is domiciled in Ireland and is traded in Euros.
11. Vanguard S&P 500 UCITS ETF (VUSA): Another ETF that tracks the S&P 500 and is traded in Euros.
12. Invesco S&P 500 UCITS ETF (SPXS): This ETF uses synthetic replication to track the performance of the S&P 500.
13. Xtrackers S&P 500 Swap UCITS ETF 1C (XSPX): This ETF is designed to mirror the performance of the S&P 500 Index.
14. SPDR S&P 500 UCITS ETF (SPY5): This ETF also aims to track the performance of the S&P 500 Index.

Please note that while these ETFs aim to track the S&P 500 Index or the QQQ, there may be slight differences in their performance due to fees, expenses, and other factors.

By the way, since IB is a really good broker, in case anyone is interested, I posted a referral link if interested:

https://www.boards.ie/discussion/2058324159/interactive-brokers-referred-client-can-earn-up-to-usd-1-000/p1?new=1