Brokers for non-US stocks (other than IB)

Discussions about brokerage firms for futures, stocks and other tradeable instruments.
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drm7
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Brokers for non-US stocks (other than IB)

Post by drm7 » Mon Oct 20, 2003 12:25 pm

I am looking for a discount broker who has access to non-US listed stocks, especially Hong Kong. I am pretty sure that the big full-service houses can do this (Merrill Lynch), but the costs are probably exorbitant.

I have looked at places like Schwab and TD Waterhouse, and it is very difficult to find any mention of this capability.

Interactive Brokers has good access to international futures markets, but only a few international equity markets (e.g. XETRA)

I am US based.

-Doug

Jason Czech
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Post by Jason Czech » Mon Oct 20, 2003 1:11 pm

Doug,

You may be able to open an account with one of these firms -

http://www.hkex.com.hk/invest/ors/ft_en ... _list.html

I'm not 100% sure if they allow foreign capital, but I think HK is pretty liberal when it comes to their financial markets, so I suspect that they do.

-Jason

Jason Czech
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Access to many Asian Markets

Post by Jason Czech » Wed Jan 21, 2004 2:39 pm

Here's a broker that I just recently stumbled across which has access to many of the 'emerging' asian markets, including HK.

http://home.boom.com.hk/index.html

I'm not using them yet, but from what I can tell you can access these stock markets through these guys -

HK
Singapore
Austrailia
Philippines
Thailand
Indonesia
Japan
Korea
Taiwan
Shanghai
Shenzhen

Commissions look fairly high for many of these markets, but I think a lot of that is due to regulatory fees.

-Jason

brendo
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Re: Access to many Asian Markets

Post by brendo » Wed Jan 21, 2004 3:32 pm

Jason Czech wrote:Here's a broker that I just recently stumbled across which has access to many of the 'emerging' asian markets, including HK.

http://home.boom.com.hk/index.html

.....Commissions look fairly high for many of these markets, but I think a lot of that is due to regulatory fees.

-Jason
Jason

The charges these guys are leveling for the Australian market are very high and in fact they are charging for things (eg Corporate Actions) that do not normally incur a fee here. A typical minimum equity broking fee is about $15 here.

Also, I would be wary of a broker that offers to exchange currency for you as it's possible they'll charge you a large spread for their trouble.

Finally, the regulatory jurisdiction seems a little too loose for my liking.

Brendo

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