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Best US stock broker, non US citizen

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  1. #11

    Join Date
    Feb 2019
    Posts
    579
    Quote Originally Posted by aw451:
    SoFi will provide a better English experience but has only basic market data compared with Futu.
    A question from the wife who has a Sofi account - how does she turn HKD into USD on the platform in order to buy US securities? Thanks!!

  2. #12

    Join Date
    May 2012
    Posts
    467
    Quote Originally Posted by GentleGeorge:
    A question from the wife who has a Sofi account - how does she turn HKD into USD on the platform in order to buy US securities? Thanks!!
    There is a feature in the app (from the profile) to exchange currency... Or she just buy US securities, and they'll do the conversion automatically for you.

    The tricky bit here is, you don't know the exchange rate. Even if, on the currency conversion screen, they display a rate, it's "indicative".
    I asked support, and they told me that - to know the rate for the day - I have to call their office in the morning after 930am and ask.
    GentleGeorge likes this.

  3. #13

    Join Date
    Mar 2007
    Posts
    270
    Quote Originally Posted by alexdown:
    There is a feature in the app (from the profile) to exchange currency... Or she just buy US securities, and they'll do the conversion automatically for you.

    The tricky bit here is, you don't know the exchange rate. Even if, on the currency conversion screen, they display a rate, it's "indicative".
    I asked support, and they told me that - to know the rate for the day - I have to call their office in the morning after 930am and ask.
    What I do is i convert my HKD to USD using my multi-currency HSBC account, so I know the exchange rate. Then transfer the USD to SoFi's USD account.

  4. #14

    Join Date
    Dec 2002
    Location
    ???
    Posts
    32,075
    Quote Originally Posted by muzzdang:
    What I do is i convert my HKD to USD using my multi-currency HSBC account, so I know the exchange rate. Then transfer the USD to SoFi's USD account.
    You should consider switching a nominal amount like usd 50-100 at SoFi and see what exchange rate you get before you commit to HSBC. HSBC tends to have a bad rate compared to other banks and even IB etc..

    Worth taking a look if you are converting larger amounts.
    muzzdang likes this.

  5. #15

    Join Date
    May 2015
    Posts
    443

    Are there any low or zero commission brokers for US stocks that allow for pre market and after market trading?


  6. #16

    Join Date
    May 2015
    Posts
    443
    Quote Originally Posted by muzzdang:
    I am using firsttrade.com, which is pretty good and meets your requirements
    Does Firsttrade allow for pre and after market selling? Also do they offer stop loss orders?

  7. #17

    Join Date
    Feb 2012
    Location
    Park Island, Hong Kong
    Posts
    169
    Quote Originally Posted by Cminds:
    Are there any low or zero commission brokers for US stocks that allow for pre market and after market trading?
    I know I used my US Schwab brokerage account to buy a few shares of VTI after market with a limit order. Schwab didn't charge me any fees for submitting my limit orders (only one went through) and also didn't charge me any fees for processing my order.

    In any case it's best to check with a brokerage directly.
    Cminds likes this.

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