1

I am from South Africa. I want to find out how to join the U.S stock market as a foreigner. I am currently a musician, a piano player, but trying to explore opportunities to join the financial trading industry. There are lots of scams out there, so please do give me ideas on where to start.

  • 1
    You say there are lots of scams out there, and you are asking for advice on the internet? – Victor Jan 6 '17 at 9:19
  • 2
    Are you looking to join the industry as a professional or invest in the market as an amateur? It's not clear from your question. – MD-Tech Jan 6 '17 at 11:10
-2

Open a brokerage account that lets you trade CFDs on US equities. This is a popular way people outside of the US trade the price movements of US stocks.

  • In general, foreigners aren't restricted from buying U.S.-listed stock. (Speaking from experience.) Without substantiation, I would challenge your assertion that CFDs are the primary way access U.S. stock markets. – Chris W. Rea Jan 6 '17 at 16:32
  • @ChrisW.Rea okay I changed the word "primary" since I can't substantiate it either. CFDs offer advantages especially for cross border regulations, but are not offered or liquid in within the US due to US nuances. Foreigners may not have a problem getting accounts on with brokerages that have US equities, but people generally want to trade everything from one account or have better leverage for risk management. – CQM Jan 6 '17 at 17:28
  • 1
    From my Canadian discount broker account, I can buy U.S. equities directly, employ margin, as well as trade U.S.-listed options ... here I see no need for CFDs to employ leverage. CFDs are available in my jurisdiction, but IMHO, CFDs are nothing more than a fancy acronym for spread bets, and "CFD provider" nothing more than an attempt at giving a better name to what is essentially a bucket shop. There may be specific features of interest to some traders only available in CFDs, but IMHO they are more harm than good in the marketplace. – Chris W. Rea Jan 6 '17 at 20:27
  • @ChrisW.Rea thats nice but your risk averse preference has nothing to do with the validity of this answer. – CQM Jan 7 '17 at 5:43

Not the answer you're looking for? Browse other questions tagged or ask your own question.