How to buy shares in NASDAQ company?

RobGuggle

Hi,

Just wondering how i would go about buying some shares in a US company.

Really just looking for a website i can sign up to and buy them really quickly and easily. I'm buying a lump sum in one company and this is a long term investment. They are for my son when for his 18th (he's 8 now).

So if anyone could help are make some suggestions that would be fantastic,

Thank you

Rob

atush

Look for a broker who will allow you to trade in US shares- their webistes will say I am sure-sometimes you have to sign up for dealing in US stocks seperately.

HSBC does, if you sign up for it.

Reaper

Are you putting it inside an ISA? If so posts 3 & 4 on this thread lists which ones allow overseas trades:
https://forums.moneysavingexpert.com/discussion/3153942

Perelandra

Make sure whichever broker you choose requires you to complete a W-8BEN form. There has been an occasional post on this forum about brokers not asking for/processing these, resulting in more tax-than-necessary being paid.

RobGuggle

Thanks guys

grey_gym_sock

watch out for forex charges, which can be higher than the dealing commissions.

jwylie

grey_gym_sock wrote: »

watch out for forex charges, which can be higher than the dealing commissions.

I am also interested in trading US and European shares cheaply. My experience is the same in that most UK execution-only brokers who operate in these markets have high forex charges which add 1-2% to the usual spread.

Has anyone come across a cheap broker without this?

IronWolf

SaxoBank are the cheapest broker I have come across for dealing in foreign shares. FX charge is only 0.4% and dealing cost $10.

They also have CFDs for the GBPUSD futures with 0 dealing costs, which means you can hedge the USD really cheaply with them too

WoodM

Yep, just have a look around at the usual online stockbrokers and see if they offer the facility - once you found a few, compare the fees.

mroller

IronWolf wrote: »

SaxoBank are the cheapest broker I have come across for dealing in foreign shares. FX charge is only 0.4% and dealing cost $10.

They also have CFDs for the GBPUSD futures with 0 dealing costs, which means you can hedge the USD really cheaply with them too

Interactive brokers beat SaxoBank hands downs. With IB, there is no FX charge. You convert the money at the spot rate.

IB would charge 10$ a month if you dont trade enough though.