I not only trade through brokerage firms in major markets like Sydney, Singapore and Hong Kong, I do so as well through firms in Zambia, Romania and Egypt — and I have never run into any significant problems. In fact, I routinely receive far more hands-on and attentive customer service than I ever have in my U.

Online Stock and Share Trading - POEMS

So, today I share with you seven tips for trading overseas and offshore investing, built up through years of my personal trial and error.

Ever seen a Matryoshka doll — the Russian nesting-doll toys that hide dolls within other dolls? Well, what you want when you go overseas is what I call Matryoshka firms.

The only dark spot is Latin America; finding any firms there that offer online access in English more on that in a moment is a challenge. In the United States, dividends flow directly into your brokerage account. For instance, I own Australian shares through a New Zealand account, and the dividends do not flow across the Tasman Sea.

So, years ago, I had to open a bank account — easily done online in just a few minutes — at a major Aussie bank. The dividends the Aussie firms pay me go directly into my Aussie high-yield savings account.

Because of local financial culture, companies in many local markets sell billions of shares to the public, rather then the tens or hundreds of millions common in the U.

Offshore Trading Platforms -

That affects the nominal share price so that stocks are affordable to the average local investor. Gannett, a well-known U. Singapore Press has 1. I do not speak Arabic. Yet I easily trade online in Egypt and the United Arab Emirates. Most stock exchanges and foreign brokerage firms operate English-language shadow sites. When you open an account, email the firm to ask whether you must register with any centralized regulator or agency — and, if so, what paperwork you must fill out.

In Singapore, for instance, the Central Depository Agency maintains all the shares investors buy and sell, and electronically records the movement of those shares in and out of brokerage accounts. So, Singapore investors need a CDP account. Other countries impose similar requirements — and none of it is a big deal; I point it out only to make you aware of the need in certain markets.

Because the paperwork is necessary, brokerage firms generally take care of it for you, though some will email the required paperwork and tell you where to send it. Transferring money overseas is easy. The international system for doing so is long-standing and well tested. Wire your money on a Monday or Tuesday, and your cash often makes it to your account overseas by the end of the week. But there is a hitch to be aware of: Many are small and rely on larger, centrally located affiliates to manage the transaction.

They can take weeks to complete an international wire transfer. No one wants their money in limbo that long. If you bank with a credit union, ask if it can handle international wire transfers directly and how long the process takes. If the answer is more than a few days, open a simple savings account at a super-regional or national bank and wire your money from that bank instead.

Offshore Stock Brokers | Offshore Brokerage Accounts

You can download the form from the IRS website at http: If you vow to change just one aspect of your financial life as approaches, open a brokerage account overseas. Too many assume opening a foreign brokerage account is either exceedingly difficult or impossible.

Until next time, stay Sovereign … Jeff D. Putting your money to work overseas is one of the most important things you can do to protect your financial future in the years ahead.

We face continued shocks to the U.

To learn about this coming crisis — and what you can do to make sure you thrive during it — click here for my urgent special report. As a lifelong world traveler, Jeff Opdyke has been investing directly in the international markets since , making him one of the true pioneers of foreign trading. My business partners were requiring a form a few days ago and discovered a business that has a lot of fillable forms. I have created two accounts with them and I cannot log in to fill out the information they requested.

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Box Delray Beach, FL Toll-Free Phone: Open One Account to Trade Many Markets Ever seen a Matryoshka doll — the Russian nesting-doll toys that hide dolls within other dolls? Find Out if You Also Need a Bank Account In the United States, dividends flow directly into your brokerage account. If the latter, ask the brokerage firm if it can recommend a local bank it works with. Ask About Additional Paperwork When you open an account, email the firm to ask whether you must register with any centralized regulator or agency — and, if so, what paperwork you must fill out.

Wire Transfers Are the Best Way to Send Money Overseas Transferring money overseas is easy. Report Your Overseas Accounts to the IRS Staying compliant with the IRS is easy — and absolutely necessary.

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