I need to find broker while living overseas

Discussion in 'Professional Trading' started by cashclay, Jul 18, 2015.

  1. South Korean government does not want korean citizen to send large sum of money overseas so they created that law.
     
    #11     Jul 18, 2015
  2. def

    def Sponsor

    You can wire out 50k USD per year from Korea for certain. If you're an ex-pat and have an account overseas,you can of course xfer directly from that account. I'm sure there are ways to do more for investment purposes but you will have to check locally and with your bank for further info.

    http://www.korea4expats.com/article-bank-transfer-payments-korea.html

    At Interactive Brokers you will have access to all trading classes - stocks, futures, options, forex, CFDs on over 100 markets around the world.
     
    #12     Jul 18, 2015
    cashclay likes this.
  3. cashclay

    cashclay

    Crap so basically if i eant to use IB then i need a US bank account OR hk BANK ACCOUNT. tHIS IS GETTING HARDER AND HARDER.
     
    #13     Jul 18, 2015
  4. def

    def Sponsor

    Just to be sure there is no confusion. You do not need to have a USD bank account or fund in USD at IB. The 50K is an equivalent number. We accept deposits in many currencies USD, JPY, HKD, RMB, EUR, AUD, SGD are just a few (KRW is not one though).
     
    #14     Jul 19, 2015
  5. cashclay

    cashclay

    So i need atleast 50,000 USD to open an account??
     
    #15     Jul 19, 2015
  6. i960

    i960

    As far as I know the minimum is 10kUSD or equivalent.
     
    #16     Jul 19, 2015