As a European resident I can't buy some CEFs with Saxo, and even if they allowed me to buy them, they lend me money to buy the CEFs, even though I have plenty of it (money). I am very unhappy with these two things.
I don't remember BOCHK lending me money to buy CEFs, when I have money in the account. I still have a bank account with BOCHK, and they still have my HK address. So it shouldn't be a problem buying CEFs with my BOCHK account.
Now I am thinking of buying CEFs with BOCHK, and then change my address to the European one, and fill in the WB-8 BEN form, so I pay taxes in Europe (15% taxation on US dividends, instead of 30% as a HK resident).
I asked BOCHK and they said there is no problem to have a BOCHK account if you are a European resident, as long as you have a HK ID card (which I do). Has anybody tried to do this, and have you encountered any kind of problem?