This is, in some ways, the mirror image of https://bitmia.com/s/9f37cp/best_broker_buy_etfs_for_non_us_citizen. I’m a US citizen living in Europe and paid in Euros. All I want is some service to automatically withdraw some of those Euros and invest in an index fund or ETF – preferably one based on the DAX or some kind of Eurozone index.
Unfortunately, thanks to tax evaders the US has enacted an onerous law called FATCA – the upshot is that as a US citizen most European banks won’t deal with me. I’ve tried Scalable Capital and DekaBank, but both reject me as soon as my citizenship is known (Deka actually lets me go all the way through creating an account only to reject me at fund purchase time). I’m told Deutsche Bank might help me, but I don’t want to support a bank that chose to fund a shady, bankrupt property developer and destroy the world in the process.
I can transfer my money back to the States and put it in Vanguard, but that’s a costly and manual process I’d like to avoid.
Does anyone have any advice on a brokerage or bank that:
Thanks in advance!