Buying OTC shares

aim2high · 05-07-2009, 10:57 AM

Hi guys,

I trade on Bank of Scotland's website. They don't allow trades in OTC securities.

For those of you that have bought the likes of BIPH and TTNP, whta broker did you use?

Excuse the ignorance, but one broker mentioned a W-8BEN form. In lamens terms, i believe this is to avoid paying tax in the US and UK. I haven't filled out one of these for my CTIC shares with BoS...is this automatic?

samnorris · 05-07-2009, 06:20 PM

Hi aim2high, I'm in the same boat and missed out on a couple of these sweet tips. I'm looking to set up an account wih another UK broker that will trader on the TSE and OTC markets.
Follow discussions on here...
http://www.stockrants.com/forum/trad...ling-site.html

I'm currently looking into TD Waterhouse, e-Trade and iii

aim2high · 05-09-2009, 06:31 AM

Thanks.

I called e-trade so they allow OTC trades to go through. Will be filling in the application for a US Brokerage account today!

05-07-2009, 10:57 AM	#1
aim2high VIP Trader Join Date: May 2009 Location: Glasgow Posts: 115 Favorites: CTIC,HEB,BIPH,UNDT Rep Power: 49 Reputation: 748	Buying OTC shares Hi guys, I trade on Bank of Scotland's website. They don't allow trades in OTC securities. For those of you that have bought the likes of BIPH and TTNP, whta broker did you use? Excuse the ignorance, but one broker mentioned a W-8BEN form. In lamens terms, i believe this is to avoid paying tax in the US and UK. I haven't filled out one of these for my CTIC shares with BoS...is this automatic?

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05-07-2009, 06:20 PM	#2
samnorris Junior Trader Join Date: May 2009 Location: Aberdeen Posts: 22 Favorites: LON:AFR, NYSE:EXM, NYSE:TNK Rep Power: 26 Reputation: 265	Hi aim2high, I'm in the same boat and missed out on a couple of these sweet tips. I'm looking to set up an account wih another UK broker that will trader on the TSE and OTC markets. Follow discussions on here... http://www.stockrants.com/forum/trad...ling-site.html I'm currently looking into TD Waterhouse, e-Trade and iii

05-09-2009, 06:31 AM	#3
aim2high VIP Trader Join Date: May 2009 Location: Glasgow Posts: 115 Favorites: CTIC,HEB,BIPH,UNDT Rep Power: 49 Reputation: 748	Thanks. I called e-trade so they allow OTC trades to go through. Will be filling in the application for a US Brokerage account today!