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Is there a good stock brokerage company that I can trade with, via international credit cards or paypal? I live in Israel.

What I basically want from such a broker is:

  1. Reliability
  2. Ability to receive and send money :)
  3. Ability to trade US (+ other?) stocks
  4. Ability to accept future instructions like "Buy X dollars worth of stock Y anywhere between now and two days from now, if you get a price below Z"
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Are there not brokerages in Israel that will take your money and allow you to trade U.S.-listed stocks? – Chris W. Rea♦ Apr 12 '10 at 0:05
@Chris - There are such brokers, but is there a benefit to using them over an international one? I imagine the international ones are better simply because they're bigger. – ripper234 Apr 12 '10 at 6:02
@ripper - second Chris' comment. Any tax implications would likely be simpler with a local broker, also currency and other implications are likely easier as well. Dispute resolution also generally simpler in same-country dealings. – sdg Apr 15 '10 at 1:36
@sdg makes some great points. I myself use a Canadian broker to trade in U.S. stocks. As long as your local broker has access to the international markets you want to trade in, and at a reasonable cost, you're better off. – Chris W. Rea♦ Apr 16 '10 at 16:46
are you paying cash for your credit card payments? – Joe Coder Guy May 11 at 2:16

3 Answers

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I maybe uninformed, but I haven't heard of a broker that lets you trade with credit cards or Paypal.

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I haven't heard of such a broker, either. – Chris W. Rea♦ May 9 '10 at 15:58
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I'm not sure why you need to use credit card or paypal and brokers somewhere far away, when you have brokers in Israel who are perfectly capable of addressing all your needs.

Moreover, using a local broker will make life very easy for you when dealing with the Tax Authority (as you may have heard you have to pay taxes when selling, on the proceeds, local brokers handle that automatically), and you can transfer money in shekels from your domestic bank account (and local brokers usually have very favorable exchange rates, much better than any credit card will give you).

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I would try a (very large) bank. Because basically your question has to do with credit and payment as well as brokerage. I'm really talking about banks that have brokerage arms.

In Israel, there are only one or two banks that might come to mind (e.g. Bank Leumi, Bank Harpolin.) In the U.S., Citigroup, which has Salomon Smith Barney under it, or JP Morgan Chase, with the former Bear Stearns. Maybe the equivalent in the U.K. Barclays or Natwest, or the Continent, Deutsche Bank or BNP.

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