Can a Non-US citizen invest in US Stock Market?

@elsoft12 (1826)
India
October 23, 2009 9:37pm CST
Hi friends,I would like to know if a non-US citizen can invest in US stock market.If yes what are the appropraite means of investing.Please share your thoughts
1 person likes this
5 responses
@tutul0045 (2631)
• India
24 Oct 09
Hey, Yes u can invest in US markets without being a US citizen and u can do it online too. http://www.interactivebrokers.co.in/en/main.php try this link and u will get all the information. The thing is to invest in US market u have to deposit 500 USD and certianly its refundable. Also u got to invest wisely in stock markets as u r already aware of its risk levels. Cheers, Tutul
@elsoft12 (1826)
• India
24 Oct 09
Hi Tutul.Good to hear from you.Thanks for providing the link.Is the site reliable?
@tutul0045 (2631)
• India
24 Oct 09
Hey, Yes its reliable. My friend has an account here and he buyed stocks from this site. He deposited one lac rupee but brought only Indian stocks. I have an account with sharekhan. Cheers, Tutul
@tutul0045 (2631)
• India
26 May 10
Thanks for the BR
@divitiae (193)
19 May 10
Yes, anyone can buy US shares online but it can be expensive, motleyfool (uk) do real time domestic shares for about £10 any order size real time but for US they charge £17.50. Also you will have to hedge your currency risk which will add costs.
@elsoft12 (1826)
• India
20 May 10
Thanks for the suggestion.Its helpful.I think Its an expensive option and risky too.
@divitiae (193)
20 May 10
Spread betting might work out cheaper? I don't have much experiance with that but you can certainly access lots of world markets. Were you after specific stocks? If you just want exposure to the US you could buy a tracker, Ishares has them for loads of markets including US.
@AniruS (258)
• United States
24 Oct 09
elsoft. Yes a non-US citizen can invest in US stock market, provided you are a resident and have a social security number. A checking account will be useful as there are charges cheques and wire deposits for most of the brokers. This said an extreme care should be taken while investing you hard earned money in the stock market, but I am sure you understand that.
@elsoft12 (1826)
• India
24 Oct 09
Hi AniruS,thanks for the response.What about non-citizen,non resident,non-American people are they allowed to trade online.
• Malaysia
24 Oct 09
Base on my experience,if not mistaken..Nowaday,mostly stock broker firm are able to let you to invest foreign stock markets with minimum invest amount. But can't online trade.
@elsoft12 (1826)
• India
24 Oct 09
Thats great...But I understand from what I read that trading online for US stocks is possible as well.Are you sure trading online isnt possible
@cheongyc (5076)
• Malaysia
17 May 10
I see no reason why a non-us citizen is not allowed to buy US stock. You can do it in two ways that I can think of. First, you check with your local brokers to see if they provide the service to invest in foreign stock market ie US market. If yes, then it would be quite simple for you to start investing in it. Secondly, you can open an online broker and fund it with your money. But you need to careful in selecting a reliable online brokers, in order to ensure your capital is protected in case the broker gone busted.