Where is it safe to open a stock account? The stock account is an account used to trade securities from many different countries around the world. An international stock account is an account opened by a stockbroker and accepts foreign nationals for exchange through their platform. Through such an account, you can buy or sell foreign shares or other securities globally. The following article will guide you in detail about choosing an international stockbroker and how to open an account.
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Where to open a stock account?
To buy foreign stocks, you must first open an international securities account. After depositing money into your account, you can find the foreign stock ticker you want and execute your first order to buy foreign stocks.
The most important thing to open an international stock account is to find a reliable and suitable broker. There are many global exchanges on the market today. However, the job of an investor is to choose a good and safe broker for himself. Here are some essential criteria for selecting a stockbroker:
Reputable authorities authorize the broker.
Currently, most international stockbrokers are online trading platforms. Their trading platforms often combine products: stocks, forex, commodities, metals … Usually, reliable exchanges will operate from major financial regulators such as FCA, ASIC, CySec …
If reputable regulatory agencies regulate an advertising platform, you can check the agencies’ homepages. There may be unregulated brokers as advertised.
Stock exchange with no fees or low transaction fee
One of the criteria chosen by many investors when trading international securities is to be fee-free or have low transaction fees. Because investors’ interests are profits. The lower the transaction fee, the more guaranteed your profit is.
Currently, two international stockbrokers offer commission-free swaps for overnight shares without leverage: eToro and Capital.com.
Fast and convenient deposit and withdrawal
A highly regarded broker needs to make sure that deposits and withdrawals are smooth and easy. Before using any foreign exchange, you need to see if the broker has favorable deposits or withdrawals. You can test first by trading with a small amount and make a deposit/withdrawal to check the convenience and credibility of the deposit/withdrawal. In addition, you can also check this information through forums / investor communities on the Internet …
A step-by-step guide to opening an international stock account
This article will guide you to open a stock account on eToro and Capital.com with some of the above criteria. These two brokers are quite reliable and familiar with the investment community. In addition, their interface is quite friendly, easy to use for new investors. In addition, they are also low-trading and commission-free brokers for buying leveraged stocks.
The main differences between these two brokers are:
- eToro has a copy trade feature for investors without experience and knowledge who wish to use the copy trade feature.
- Capital.com has a more convenient deposit portal than eToro. You can easily fund Capital.com through your local bank. Meanwhile, eToro has to top up via PayPal or Neteller e-wallet.
Open an international stock account through eToro
Step 1: Click on the link introduced by Investiki.com below to get help when needed.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Step 2: Enter your account registration information, check the two boxes to accept the terms and click [Create an account].
- Username: Unsigned characters or digits, not duplicated by anyone who has opened an account on eToro.
- Email: Email in use. This email is used to contact eToro, or eToro will contact you when there are issues related to your account.
- Password: The secret password to access your eToro account. The password must be between 8 and 32 letters and contain both numbers and uppercase letters.
Step 3: After completing step 1, you have successfully opened an eToro account. To use your eToro account for international stock trading, you need to verify your account.
Click the word [Verify] that appears on the screen after you sign in.
Or click the arrow on the left side to expand the menu bar and click [Complete Profile]
In the [Complete your profile] window, select [Continue] and follow the instructions.
In the steps below, follow the on-screen instructions.
note:
You need to prepare 02 documents to verify your account, including:
- Identity verification documents: identity card / citizen’s identity card or passport
- Proof of address: driver’s license or bank statement or electricity/water/internet bill… in the last six months.
The address information you need to fill in is the same as the address printed on the document used to verify the address.
Step 4: Deposit money into your account.
eToro requires a minimum first deposit of $200.
To fund your eToro account, you need USD in your e-wallet. You can use PayPal or Netteler e-wallets.
Instructions for opening an international stock account through Capital.com
Step 1: Click on the link introduced by Investiki.com below to get help when needed.
Step 2: Enter your account Capital.com email and password. Then click [Continue]
- Email: It must be the email you’re using and you haven’t registered an account on Capital.com
- Password: Used to access your Capital.com account. The password must be at least eight characters long, have at least one uppercase letter, 1 number, a unique personality, and one lowercase letter.
Step 2: After signing up for an account, follow the steps to verify your account according to the on-screen instructions.
In Capital.com, you only need to use 1 type of document to verify your account. You can use your ID/CCCD or passport to verify your account.
Step 3: You can deposit into your account via e-wallet or internet banking of many different banks around the world.
Conclusion
Above is a guide on how to open an international securities account. In general, opening an account on both eToro and Capital.com is relatively easy and fast. In particular, these two brokers are quite reliable globally and used by many traders globally.
Investiki.com
eToro is a multi-asset platform that offers both investments in stocks and cryptoassets, as well as CFD trading.
Please note that CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Past performance is not indicative of future results. The trading history presented is less than 5 full years and may not be sufficient as a basis for the investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorized and regulated by the Cyprus Securities and Exchange Commission.
Investing in cryptocurrencies is not regulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representations and assumes no responsibility for the accuracy or completeness of the content of this publication, which has been prepared by our partner using specific non-legal information publicly available on eToro.
