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I know that some if not most brokerages have "foreign" accounts (I trust they
single them out for tax purposes, but cannot say more). Good place to start
searching for answers to your questions is
Investment Brokerage Guide: http://www.cs.cmu.edu/~jdg/invest_brokers/
Mind also that National Council of Individual Investors and American
Association of Individual Investors (see links to them on the above site) may
have also a lot of useful information.
Good luck,
Vitaly
Wolf Kettler wrote:
>
> This may sound like an odd question, but it is not immediately obvious to me.
> I am currently trading exclusively on the London Stock Exchange (using
> MetaStock v6.0). I cannot act upon all the signals that I explore--not enough
> funds to use all hits, not enough time to analyse them all, not enough profit
> if the criteria are too narrow. Therefore, I am currently only looking at a
> subset of 350-odd (so-called "biggest") stocks. They are very easily
> identified because there are two indices, the FTSE-100 and the FTSE-250, that
> make up these stocks.
>
> I want to get more into US stocks now. Is there an equivalent way to create a
> similar group, without having to go through thousands of issues that I do not
> know? I am interested in the NYSE and/or AMEX and/or NASDAQ.
>
> Other question: I do not want to use a UK based broker for US securities.
> Their commissions for US dealing are too high and often they will take orders
> only when the US markets are closed--very odd.
> Can anybody recommend a "good" execution-only broker who also deals with
> foreign clients?
> What level of commissions should I expect?
> Could I normally expect to be paid interest (at attractive rates) on cash
> balances in my account?
> Is nominee service such an issue in the US as it is over here?
>
> Thanks for any advice you can give me
>
> Wolf
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