Investing In Nyse And Nasdaq In Thailand

[farangene]

I have a Thai friend who wants to invest in the US stock market.

Can you recommend a local brokerage that trades in US stocks from Thailand (Chiang Mai or Bangkok)?

Thank you.

[rogerinthai]

Why do you seek a local broker when you can open an account with an American broker online???

[junkofdavid2]

yeah.

www.tdameritrade.com

he'll fill out the application form online, and then receive instructions to deposit to his account via wire transfer or sending a check.

or he can print out the application form, and then fill it up manually, and then Fedex it to the states together with his check payment. so easy. not complicated at all.

[rogerinthai]

Another option is interactivebrokers.com. Good interface and low comissions.

He will beed to supply documents for:

1. Identity verification (such as a passport copy)

2. Address (such as a utility bill) - to prove residence, for tax purposes.

Those can be scanned and emailed.

[lannarebirth]

Another option is interactivebrokers.com. Good interface and low comissions.

He will beed to supply documents for:

1. Identity verification (such as a passport copy)

2. Address (such as a utility bill) - to prove residence, for tax purposes.

Those can be scanned and emailed.

Good recommendation. IB is the best choice, no matter where you're from or what market interests you.

[rogerinthai]

Two more:

- mbtrading.com : if he wants to start with a really small account (they accept $2,000 accounts, IB requires min $5,000).

- zecco.com : free commisions (!) for certain amount of trades, good for beginners who want to practice with small amounts per trade.

Edited February 24, 2007 by rogerinthai