I am looking into possibility of moving into a different country from USA and wondering how I can continue trading the same stocks listed in nyse, nasdaq while I am abroad. I am possibly considering moving to Europe or Hong Kong. I have currently no information but I will be planning to open a brokerage account in respective country and start trading. But I virtually got no more info. I dont know if the stocks I traded here will be available to trade there??? i.e. my fav stock like NFLX and TSLA will i be able to trade abroad? Thanks!
In almost every country you can trade US stocks naturally (perhaps Iran and North Korea are the exceptions).
Many US firms will not open or maintain account for traders from many countries because of AML restrictions. It is a longer list than you think.
You got it wrong and other way around. i am talking about moving from USA to another country and looking for a possibilities of opening brokerage account there and continue trading. My questions arose from there.
I am currently using etrade and yes there is a global trade account i opened but havent used that account at all.
how? Do i need to open a brokerage account there in local company or can i keep using my account in usa?
Seems like you've answered your own questions. Answer: Open your trading account in the U.S. via a U.S. address. Next, get a P.O. box or trusted relative mailing address to forward your mail from your old U.S. address to the P.O. box or trusted relative mailing addres. Next, move to your desirable foreign country and continue trading via your Etrade Global Account. I know dozens of traders that have U.S. brokers and live in different countries without any problems in trading (e.g. Japan, Canada, South America, New Zealand, Russia, Italy, France, Germany, Bosnia, Thailand, Barbados and others).
when i make even inquiries over the phone was hard. Yes, this might be a possibility however i actually did something similar not trading and ran into numerous difficulties. i had schwabe at the time, and while abroad i called customer service and they will not even provide information regarding my local branch bank unless i to the local branch after finding out i am calling from abroad. wtf. i have to come back to states to do that . when i make even inquiries like it over the phone was impossible. so i thought it might be just easier to open a account at the new place and to the trade. however i hope with etrade global account, may be not run into this kinda difficulty.
I live abroad along with many friends. I've never heard of such problems as you're having. Heck, even my brokers, banks, credit cards, mortgage papers, income tax info, investment info is sent directly to my foreign address without any hiccups. Simply, I don't even use a P.O. box or any mail forwarding system. I can even call customer support with any financial institution back in the U.S. without any problems. They don't ask me where I'm calling from. Instead, they ask me the designated security question on my account or something security related to prove I am whom I say I am along with verifying that my foreign phone number correlates with the phone number on my accounts. I've even renewed my passports from abroad. Thus, I and many others have never needed to "go back to the U.S." for stuff that you've mentioned except for one exception about 10 years ago when I was audited by the IRS due to some discrepancies on my tax return. These are high technology times...we can now manage our bank accounts and many other things online. Just the other day I sent money from my foreign bank to my U.S. bank via wired transfer...via online. By the way, I have a friend (U.S. citizen) that lives in New Zealand that uses U.S Etrade to trade stocks. He's never had any problems involving his U.S. brokers and he doesn't have a Etrade Global account. In contrast, he has had problems trying to open a New Zealand broker account with a particular local broker because of an issue with his legal residency in New Zealand while he's not a citizen of New Zealand.