I live in London and the dealings charges in America are far less than those in the UK.
2006-11-10 23:08:59 · 4 answers · asked by sleek082 1 in Business & Finance ➔ Investing
I asked my stock broker, Fidelity, about this. You have to have a tax id code before you can open an account. This is obtained from the U S government. Fidelity also said that they would only open an account for a foreigner, if that person was in the U S. I do not know if that applies to all brokerages or not.
2006-11-11 01:20:56 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes you canI I live in London and after attending a sharedealing course was given guidance on how to set this up. I set up my share account with Optionsexpress (in the us) as i wanted to deal in us Options. It woild alos mean commission chrges are lower for us in the uk due to the exchange rate diffeerences). So i filled in the paperwork sent over my scanned ID they did some communicaton with me and form filing i had to do but most of it was done online. The most important part was to fill out a W8BEN form so your not taxed in the us once this is done your all set up. To ensure I could have my ££ changed into $ at a good rate I used XE.com
2006-11-11 09:54:18 · answer #2 · answered by dailic 1 · 0⤊ 0⤋
Yes. Brokers and Mutual Fund companies will take your money. Any laws in the US that protect US citizens from the unscrupulous money managers will not apply to you.
Fees can be misleading. Some mutual funds advertise "no fees" which means they take out of your profits rather than charge a flat fee up front. It then becomes almost impossible to figure out what you are actually paying for the service.
2006-11-11 07:16:17 · answer #3 · answered by regerugged 7 · 0⤊ 0⤋
yas if you have SS#
2006-11-11 07:50:58 · answer #4 · answered by maherrashdan 2 · 0⤊ 0⤋