Quote:
Originally Posted by bizaro86
I think the biggest benefits are the currency exchange rates and the range of options. I hold mostly foreign securities from outside North America in my IBKR account - the price/convenience difference between them and any other broker for places like Japan, UK, Europe, Mexico, etc. And the margin rates are also excellent.
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Yeah, if you're primarily holding non-US stuff, then the risk is less (though they do generally need to be satisfied that your entire estate holds less than $60K of US-situs assets). But a lot of people have tons of US holdings in IBKR accounts and their executor/heirs will be pretty surprised when they're waiting a year or two to even get access to the account, a process than can be done in a matter of weeks after probate is completed with a Canadian-domiciled brokerage.