What is the W-8BEN form and why should I sign it?

A W-8BEN form is a form from the United States Internal Revenue Service (IRS).

etoro users who are not US persons will need to sign a W-8BEN form to trade US stocks and ETFs.

Signing the W-8BEN form will also ensure that any tax reduction on US-based dividends is applied correctly.

The form will automatically pop up once you try to open a position on a US stock or ETF, or can be accessed here.