Is there any broker that can open an account for Chinese people? I need to trade stocks with low volume that average daily volume maybe less than 10k. Can anyone recommend a broker for me? thanks
https://www.itigerup.com/about?lang=en_US interactive brokers invested in this broker to give mainland Chinese investors access to U.S. markets. I think they use the IB network. https://www.tigerbrokers.com.sg/?_g...zU4LTFhNjEwMzM3LTc4NjQzMi0xODgzOTUxMDU0MGNjNg in chinese
This could be of interest: China stocks at US exchanges, sortable realtime(?) results: https://stockanalysis.com/list/chinese-stocks-us/
You can handle customers from China but you can't open accounts for potential clients from Canada? Go figure!
Expanding operations to new countries involves navigating legal and regulatory frameworks specific to each jurisdiction. These regulations can vary significantly, requiring brokerage firms to meet specific requirements and obtain necessary licenses to operate in a particular country. Additionally, there may be differences in tax laws, trading rules, and financial regulations that could impact a brokerage's ability to support customers in a specific country. Business decisions and market considerations also play a role. Companies like Lightspeed may prioritize their resources and expansion efforts based on factors such as market size, demand, competitive landscape, and potential profitability. They may choose to focus their efforts on certain markets initially before considering expansion to other countries. It's worth noting that the availability of services can change over time, and it's always best to check with Lightspeed directly or visit their website for the most up-to-date information regarding their supported countries and regions.
Traider - We look to provide our services (Access to US-Listed Equity, Option and Futures exchanges) to anywhere in the world we can legally accept customers. There are two countries, Canada and Australia, where local registration requirements prevent us from opening accounts for those who are residing in or a citizen of those countries. Then there are lists of OFAC and FATF countries where the US Treasury department has restrictions. There might also be a small number of countries where Lightspeed or our clearing firm Wedbush does not want to do business with. For us, it has nothing to do with "market size, demand, competitive landscape, and potential profitability".