I don't have so much money to invest so trading costs are quite important for me. Many thanks to everyone who answers.
2007-12-20 11:05:32 · 4 answers · asked by mani_arora118 1 in Business & Finance ➔ Investing
There should not be any trouble trading these exchanges through your UK stockbroker. NYSE is tricky cos it doesn't close til 9.00pm. I am a uk broker and was trading (or trying to trade a limit!) Conoco Philips Leaps (options) for a client this evening. Most stocks that are traded on european exchanges can be traded through London market makers (and prob. cheaper). However I have found that recently US stocks are more expensive through London MMs rather than a US broker (with a London office) You can deal direct with a US broker (in US) or at least your London broker could, but I expect the business would have to be fairly substantial (worthwhile).
Another point to note is if you deal through a UK broker who in turn deals through a US broker you will effectively be paying two\ lots of commission. The US brokers deal at a net price (charge their comm. in the share price) and, of course, the UK broker will charge comm. They should be able to settle in GBP (although the deal\will be in the local currency)
2007-12-21 09:09:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Open an account with a broker that offers this service (all the major ones do). But why do you want to? You would lose money on the currency conversion to USD when you bought and lose on the conversion back to GBP when you sold. If you don't have much money, you should be able to find ample opportunities in the UK. Besides, many foreign companies are listed on the London exchange.
2007-12-20 16:14:23 · answer #2 · answered by Ted 7 · 0⤊ 0⤋
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These will teach you to efficiently trade financial assets and increase your winning probabilities. You can implement these strategies at binary options brokers. The idea is to always choose legit and reputable brokers to avoid being scammed
2016-02-15 08:46:17 · answer #3 · answered by Lin 3 · 0⤊ 0⤋
E*Trade will allow you to enter online trades on many foreign exchanges.
2007-12-20 11:39:25 · answer #4 · answered by Anonymous · 0⤊ 1⤋