Brokers for non us clients .

[Attila the trader]

what brokers can be used to trade us stocks if you are not living in the us and not a citizen ?

 

[ironjaw]

A good starting point are the review sites, like brokerchooser, finder, motley fool, etc. Then find a couple of brokers that you find interesting and search their name + review in google. I've posted the same question on this forum and you could do a search to find more information, but most seem to go for IG, Interactive Brokers, T212, Freetrade, Finco Bank, Digero, etc. It all depends on what you are looking for, what your budget is, as well your initial capital size and frequency of trade. Are you looking to trade regular US shares or CFDs, spread betting. than examples as IG, eToro, CMC Markets come to mind

 

[Attila the trader]

A good starting point are the review sites, like brokerchooser, finder, motley fool, etc. Then find a couple of brokers that you find interesting and search their name + review in google. I've posted the same question on this forum and you could do a search to find more information, but most seem to go for IG, Interactive Brokers, T212, Freetrade, Finco Bank, Digero, etc. It all depends on what you are looking for, what your budget is, as well your initial capital size and frequency of trade. Are you looking to trade regular US shares or CFDs, spread betting. than examples as IG, eToro, CMC Markets come to mind

i want to trade common stocks , what about taxes are there any special taxes ?

 

[ironjaw]

Depends on where you live. In the UK there's Capital Gains tax on profits but there is a threashold, after which you need to inform and start paying. You can find more information in this forum and the HMRC website. In addition, you can use your annual £20,000 allowance by using an ISA. After that there's also SIP. How you document each trade after your allowance that needs to be informed to the taxman, I am not sure but would probably need a specialist accountant. For the US, I am not sure.

Other than that I think it is best to leave taxes alone and develop a successful system. When you're profitable and are reaching serious profits then you'll also have the money to pay for specialist advise.

 

[1nvest]

what brokers can be used to trade us stocks if you are not living in the us and not a citizen ?

practically any broker in the UK will allow you to trade US stocks. take your pick
a few things to be aware of
1) capital gains tax is dependent on your country of domicile. so if from UK, trade US stocks, you pay capital gains as per HMRC regulations. nothing to do with what nationality of market you are purchasing from. US, UK, German, Italian etc
2) the other is to fill in a W-8ben form stops the broker from applying witholding tax and effectively states you are a non-US citizen. normally the broker will give you one to fill in
3) foreign exchange fees, these are generally quite high.