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06-08-2018, 08:34 AM
(This post was last modified: 06-08-2018, 08:36 AM by NoviceNinja.)
Hi guys!
I was just wondering, is it possible to buy stocks on the US Stock Market like on Dow Jones even if you are not American and not from the United States? I am from the Philippines. Is there any website, an app, or a platform wherein someone can open a brokerage account online and buy stocks of companies listed in NASDAQ?
Thank you for your replies, have a great day!
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Yes there's a way by using a Malaysian or Singaporean site because these 2 countries are able to invest directly in the US Stock Exchange. A friend told me about it but everytime Im asking him the name of the site, hell go own ranting that he spent 2 years looking for such a site and that he won't give it to me for free. But it's legit because he can seed his account using PayPal or his Atm card and he gets his earnings the same way.
So if anyone here knows the site I'm talking about please do share it.
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From what I heard, it's very hard to invest in the US stock market. There are so many requirements that are required to be meet before you can be able to invest in the stock market, and I doubt if it's open to non US citizens. You have to be a US citizen, have a social security number, have physical address etc.
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You can invest through Philippine banks. There are banks that offer equity feeders like BDO for example. BDO offers China and US Index funds. You will need a large sum of money to invest in foreign country stock markets though.
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There are some alternatives to investments outside the Philippines one of which is a site called MoneyOnlineInvestments where you can pick a company and buy some stocks for as low as $3 investment per share. They also give out a precomputed daily dividend which differs on what stock you purchase, you can make deposits to your account via PayPal.
I really don't know if it's all legit but I did invest $30 in it last January and they've paid me $20 in dividends since then.