Thursday 24th January 2002 1 Comment
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A: The United States is where online trading started and brokers there are very good at helping anyone who wishes to open an account. As a foreign national you will have to hold cleared US$ funds with your broker before they will let you trade. The best thing to do is decide who you wish to trade with and just send them an email and ask exactly what their terms and conditions for foreigners are.
As each have different requirements for foreigners, you are best to get your information directly from whomever you wish to trade with. The aforementioned online trading houses are all members of the NYSE.
Unfortunately I am not an expert on US tax law but here are some sites you may wish to visit to get a better idea of the ways foreign investors are taxed. You have income tax on dividends to consider as well as capital gains.
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