Have you considered using a friend's address in the US to open your account?GSM8 wrote: ↑Tue, 12 Nov 2019 8:40 pmLooking for experiences/suggestions/pros-cons for online stock brokers who will open trading accounts for US citizens living in Singapore, who do not have a US mailing address
Charles Schwab used to but now they are shutting shop and closing existing accounts. One alternative seems to be TD Ameritrade but their fees are relatively high ($10.95/trade) and only deal in US stocks. Saxo Markets and Interactive Brokers seem to open accounts for people living in Singapore and deal in US stocks as well as some other exchanges, but do not take on "US person" clients (as well as not citizens of North Korea, Sudan, Cuba, Iran, Syria).
Appreciate any experiences/suggestions/pros-cons for online stock brokers who will open trading accounts for US citizens living in Singapore. Thanks!
It might be a last resort if other options don't work. Strictly speaking its not legal and one needs the US address to maintain the account, not just open it
Am not sure what you are referring to as "maintenance."
It well established that Interactive Brokers offers the lowest fees here, and they are open to anyone, local, expat, US or non. The only other ones worth noting is FSM with some of the lowest “local” brokerage fees. Standard Chartered has the next lowest “non-local” brokerage fees.
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