How to best invest in foreign shares?

leightonjones

Hi all,

I'm in need of some help. I want to use an execution only online brokerage to speculate on low value share transactions; however, I'm only interested in foreign indices. As such, I was looking at a US based platform called Zecco. My question would be whether as a UK resident I can utilise such websites? If so, does anyone know if they charge extra commission in such cases...if stamp duty applies, etc? If not, I guess I could use someone like TD Waterhouse, who claim they give access to 17 foreign indices; however, I don't know if they offer this to execution only customers? All of this is quite frustarted because information available online is non-existent on this, Zecco won't reply to my emails, and Yahoo Answers is useless.

Any help would be greatly appreciated!

Jegersmart

Are you interested in speculating on the indices themselves or the equities that are the constituents?

J

leightonjones

Not interested in the indices as whole....just companies listed on them.

Jegersmart

you could take a look at Selftrade - also check out the forms required when trading US stocks from a tax point of view.

J

leightonjones

With all due respect, does anyone know the answer to this question? I can't seem to get a concrete answer from any source and it seems so simple

Sisyphean_Task

One option
http://www.tddirectinvesting.co.uk/investment-choices/international-stocks/

gkerr4

just use a UK broker who allows you to trade on the US markets.

I use iii.co.uk for US investments - i've not yet had a stock order they couldn't fulfill. they charge the same (£10) trading fee for US as UK stocks. You get dividends but bear in mind that the US fed takes a tax cut. (which you can apply to get no UK tax on if they are worth enough)

You are going to struggle to setup a US account without a US address and US registered credit card to fund it.