UK brokers no longer offering US etfs? via /r/wallstreetbets #stocks #wallstreetbets #investing

UK brokers no longer offering US etfs?

Hello, it's my first post on the platform and I am looking for some advice.

I have been using IG for trading US securities for quite some time. Didn't face any sig. Issues until yesterday when I found that you can't trade US etfs anymore because of some fsca rule that prevents retail investors from trading securities that do not provide KIIDs.

I wanted to buy Sqqq, having closed my position a few weeks ago and wanted to ride the volatility wagon again. And to my surprise, all my attempts kept getting rejected. On enquiring I asked how that is possible, when all the key fund related information, fact sheets are provided on proshares website and the response I got back was that the document needs to be literally titled 'KIID' to qualify. I found this bizzare when all the KIID info is readily available in other documents.

Which brings me to my questions – has anyone faced a similar issue recently?

Are there any retail friendly platforms in the UK that are super attractive for trading us securities and etfs?

Super grateful for any help! Thanks.

Submitted July 06, 2022 at 12:35PM by Sagar0906
via reddit