Thai Bank or Thai Broker that allows you to buy US stocks

[billaaa777]

I have tried to research all of them that I could find and none of them allow you to buy US stocks. Does anybody know if one of them does allow the purchasing US stocks? Thanks in advance.

[bkk6060]

You can open a U.S. account online with companies such as Charles Schwab.  They just make you submit some documentation.

[FruitPudding]

Try Swissquote in Luxembourg if you can't find anything  in Thailand or your home country.

[Will B Good]

Just do online.....you have to fill in some paperwork.....W808?.....assuming you are a Brit...I use Hargreaves Lansdowne

[Mike Lister]

Onshore brokers are not cheap, plus, there's the currency exchange aspect. Better to go with a UK or US broker such as HL, it's cheaper, lower risk and greater choice.

[Digitalbanana]

59 minutes ago, bkk6060 said:

You can open a U.S. account online with companies such as Charles Schwab.  They just make you submit some documentation.

 

Last time I looked international account openings at SCWB were starting at 25000 USD. Other brokers like IBKR no minimum but will need a few thousand at least to get going.

[tilac01]

Can a Thai citizen residing in Thailand open an account with Schwab?

[Puccini]

12 minutes ago, tilac01 said:

Can a Thai citizen residing in Thailand open an account with Schwab?

 

Did the OP say he is a Thai citizen, or are you off topic?

[Puccini]

2 hours ago, Mike Lister said:

Onshore brokers are not cheap...

 

Who are the onshore brokers, ie brokers in Thailand, who allow buying US stocks?

[1FinickyOne]

27 minutes ago, tilac01 said:

Can a Thai citizen residing in Thailand open an account with Schwab?

I don't think so - the closest I got was Kasikorn Bank has a program - and I wanted to have my niece investing but she is too young - I think 21 was the minimum age... 

[Mike Lister]

30 minutes ago, Puccini said:

 

Who are the onshore brokers, ie brokers in Thailand, who allow buying US stocks?

Kiatnakin Phatra Bank for one, Krungthai Zmico Securities for two, UOBAM for three....most offer nominee accounts as I recall.

 

https://www.asktraders.com/learn-to-trade/stock-trading/us-stocks-from-thailand/

[kwonitoy]

I opened a Interactive Brokers account when I lived in Thailand.

No potential tax issues in Thailand (at the time) 

Worldwide exposure 

[Mike Lister]

I agree, IB is one of the best offshore platforms.

[Foxx]

17 hours ago, billaaa777 said:

purchasing US stocks

 

Do be aware that if you're not a US citizen there's a 40% death tax on US stocks after the first US$ 60,000.  It's generally better to buy non-US mutual funds and non-US ETFs which invest in the US.

[WorriedNoodle]

14 hours ago, tilac01 said:

Can a Thai citizen residing in Thailand open an account with Schwab?

To be eligible to open an international account with Schwab, you'll need to be at least 18 years of age, have a valid passport or government-issued ID, and meet certain residency requirements. You'll also need to provide proof of your address and income, and may be required to provide additional documentation depending on your country of residence.

[billaaa777]

What countries are restricted by Swissquote?

 

 

Where Swissquote is not authorized by the supervisory authority of a certain country, Swissquote can as a general rule not promote financial and banking services in that country. In particular, Swissquote is not authorized by the supervisory authorities of the USA, Canada, United Kingdom, Germany, Italy, and France.