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Old 01-14-08, 05:02 PM
Albedo Albedo is offline
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Rookie Question

Hi Guys,
I am having a problem and I would really appreciate your help / advice:

I am from Romania and I want to buy shares at a medium-sized firm on the London Market. I tried some online brokers engines, like SaxoTrader, CGI where the fact that I am NOT from the UK or US did not seem to count, but I was not able to find my firm ... on the other hand, in the place I did find the firm, Free Portfolio, Share dealing, ISAs, PEPs, SIPPs, CFDs, Spread betting - Interactive Investor, it seems that you MUST have a permanent UK residence in order to open an account ( long live the European Union ). Do you know any other sites that are very comprehensive and don`t care about residence? Could I hire a UK broker from my residence and comission him to buy the stock for me? What would be my resonable options?

Thanks a milion.
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Old 01-14-08, 05:49 PM
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Stocktrading101 Stocktrading101 is offline
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Albedo, it gets tough because of your location to find a solution. Your best bet is to google search around for Romania brokers that have international exposure to see if you can go that route.

From what I understand for example with a broker like Scottrade, I can open an account here in the US and trade stocks in China... I THINK. Perhaps I have to open an account with their china branch to trade china stocks, which would mean your situation is accurate in that you will need to deposit funds into a UK based broker.

Interesting to think about...
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