Ep 148: How to Trade in a Foreign Account or as an International Trader

★ SUMMARY ★
Today I want to share with you some insights about how you can trade stocks if you’re living abroad or if you are an international or foreign trader.

If you live outside the USA and you want to trade in the stock market, you need to keep in mind that you have to file and get the right paperwork in order. This is a lot easier if you are a US citizen and you want to trade from a different country because you live outside the US. But, if you are not a US citizen, it’s still possible, but there are more complexities that come to it.

Keep in mind that every country has certain rules and regulations. Every broker also has certain regulations that they follow and practice when it comes to each country. So the best thing you can always do is pick up the phone, call brokers, and explain your situation, based on your documentation, based on your government ID, and your country.

What do you need to get started?

– Fill out a W-8BEN form for tax purposes
– Have a passport or some kind of government ID
– Verify your address, country of residence, with a utility bill, like gas, water or electricity.

Which countries qualify?

– Most countries can trade on the US markets (Except a handful like Iran, Nigeria, etc.)

One of the best places to sign up and get an international account is through Interactive Brokers. But keep in mind they do have some account minimums, like $10,000 and you have to trade a certain number of trades every single month, and meet other requirements, otherwise you get charge a fee.

There are other brokers you can use, such as TD Ameritrate. And in this video I’ll show you some of the paperwork they require in order to let you open an international account.

The process is not overly complicated. There are some forms you need to fill out and some additional work you need to do, as oppose of being a US citizen, but it is still very doable.

Posted at: http://tradersfly.com/2017/08/ep-148-trade-foreign-account/

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28 COMMENTS

  1. Hey bro, I'm Jamaican and I joined TD but my bank account won't connect so I cant trade and I don't know how I'm going to get a US bank account. Do you know what I can do?

  5. There’s no other paper work to trade in the US, the currency is just converted when you buy if you don’t have an account with US currency, I know because I’m canadian and I’ve done it

  9. sir I am from India i am already trading in NSE. i dream is to trade in us market because so much volatility and liquidity kindly reply and show me the path thank u sir.

  15. Hi dear. I am staying in Canada with my study permit, can I invest in Canadian stock as a student ? but I am not a PR here. After 4 months I will be in work permit. in that case can I also invest in Canadian stock or us stock?. TD is my 1st choice. I will appreciate if you reply with proper guidance. Thanks

  21. Good information Sasha! i aim to trade options (iron condor fan) from what i learned in your videos. you explained it clearly since options is complex. currently practicing using paper trade while saving 🙂 regards here from philippines!

  24. hi i have opened a td account and i'm sri lankan and my td account is been approved for margin facility little bit frustrated with the documation but worth it. td ameritrade customer service is very friendly.and thank you Sasha Evdakov i'm big fan of yours " best teacher in the world"

  27. Hi, I am US Non-Resident and I have an account with Interactive Brokers. I transferred fund from China but it was bounced back because of China Money Control Policy. I contacted with IB but they have no solution except I should have a bank account in USA or HK to transfer funds. I have only one bank account in China. It is not possible for me to fly to USA or HK for account opening and transfer funds to IB. Kindly guide me in this context if there is any broker who is accepting payments other than this. Thanks in advance, Sir.

  28. Last time I checked (some months ago), TD Ameritrade don't accept any non-US applicants anymore. I'm from the EU and I had contacted all the major brokers. The majority of them are not accepting non-US applicants anymore! I'm currently using Interactive Brokers and I'm quite satisfied, especially with their low fees

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