Hey all,
Besides Rakuten and SBI, are there any other places where an expat can open an account that has access to the US market?
Regarding Vanguard, I was able to set up my account just fine. I used my US mailing address that's still available and was able to buy ETF shares.
Japanese companies that you can use
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jeronimoski
- Regular
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- Joined: Mon Sep 28, 2020 9:22 am
Re: Japanese companies that you can use
Pretty much any stock broker provides access to US markets. Whether you're an expat or not is irrelevant, however being a US citizen is problematic because of the US tax laws.
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jeronimoski
- Regular
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- Joined: Mon Sep 28, 2020 9:22 am
Re: Japanese companies that you can use
Yes I know about Americans. I am not going to buy mutual funds or non-US stuff. I want to buy stocks and ETFs, so I don't need a personal broker. My question is, what companies allow you to sign up and then buy into the US market besides Rakuten and SBI.
Re: Japanese companies that you can use
Nomura allows me to purchase US (and other foreign) securities through my account. They apply a very unfavorable exchange rate (it was around 115 yen/dollar when I made my experimental trade a few months ago while the actual exchange rate was just 106 yen/dollar) and charged an additional 2000 yen commission on top of their already expensive commission. I'm currently looking in to opening Rakuten and/or SBI accounts.jeronimoski wrote: ↑Tue Oct 06, 2020 4:42 am Yes I know about Americans. I am not going to buy mutual funds or non-US stuff. I want to buy stocks and ETFs, so I don't need a personal broker. My question is, what companies allow you to sign up and then buy into the US market besides Rakuten and SBI.
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jeronimoski
- Regular
- Posts: 35
- Joined: Mon Sep 28, 2020 9:22 am
Re: Japanese companies that you can use
Ouch. Good to know about Nomura. People need to know that.