How to Get An US Stock Trading Account
You may be in Singapore, but you can still buy US stocks. All you need to do is to have a valid trading account, and most of the trading accounts in Singapore can be linked to purchase US stocks. What you need to do is to fill in a W8BEN form and submit it to your trading firm. This is to exempt you from US withholding taxes on capital gains.
Why you should consider having a US stock trading account. Now that some of the prices of the stocks in US have fallen, if the fundamentals are right, they will be at bargain prices. This is for those who have time to monitor stocks. There are many free stock websites that analyse US stocks, compared to Singapore’s stocks.
Some of the stocks you can buy from are in the AMEX, NASDAQ and NYSE. Since you are using online trading, coupled with the time difference, you can trade in the comfort of your home at night, without worrying whether your boss is checking up on you during office hours if you are trading on the ST index. The trading hours are between 9.30pm and 4.00am Singapore Time.
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Here is one of the option to choose an stock broker online. Online stock broker SogoTrade offers the best in discount brokerage investing. You can view a powerful trading demo. If you can refer-a-friend, you can get 25 free trades.
The cost to trade at times could really be very high. But i like the information you provided on your blog. Great info and incisive as well
How can we get cheaper brogkerage fees for US market from Singapore ?