US WHT - 871(m)

In order to trade US stocks on your One Financial Markets account, we have an obligation to collect information confirming your residency via a W8-BEN form. This is a requirement under Section 871(m) of the US Tax code.


WHAT IS SECTION 871(M)?
The Internal Revenue Service (IRS) issued Section 871(m) to ensure non-US holders of US stock derivatives are taxed on dividend adjustments in the same way as US residents. Any dividend received trading with us will already be subject to a withholding tax under US tax rules.
Generally, dividends on long positions are subject to a 30% withholding tax which will be deducted from any dividend credited to your account.


WHAT DO I NEED TO DO?
A W8 BEN form, or equivalent, is required for anyone wishing to trade US stocks and verifies that they are not a US resident.


WHAT DO WE DO WITH THE W8-BEN?
The forms are for our internal records and will not be shared with the IRS unless requested as part of an audit.


For more information, please visit the IRS website.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of C B Financial Services Ltd, a company registered in England with company number 6050593. C B Financial Services Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by C B Financial Services Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: