NASDAQ Stocks - How to Open Oversees Trading Account in MARKETS - I use ICICIDirect and i am providing instructions for the same.
Once you login to ICICIDirect, in the "Trade & ...
05-05-2011 04:47 PM
How to Open Oversees Trading Account
I use ICICIDirect and i am providing instructions for the same.
Once you login to ICICIDirect, in the "Trade & Invest" Section, there's a tab for "Overseas Trading". We need to enable it with ICICI Securities Ltd before we can start investing oversees.
ICICIDirect Proof required:
To open an Overseas Trading Account you need to fill up a new account opening form. You would also have to furnish copies of the below mentioned Identity and residence proofs. You will be able to access overseas trading through your current ICICIdirect user id and password. click here to enable overseas trading. Our representative will contact you to complete the documentation.
Proof of Identity / Residence:
1. Copy of valid passport (as a proof of identity and residence), or
2. Copy of valid driving license (as a proof of identity and residence), or
3. Copy of PAN card (as a proof of your identity) and banker's letter (as a proof of your residence)
Note: The documents provided as proof should bear the same address of the applicant as per the records of ICICI Securities Ltd.
E-Mail firstname.lastname@example.org with your 8 digit ICICI DMAT Account and executives will come to collect the forms.
Charges & Brokerage:
- One time opening charge of 999 Rs to be given as a cheque to "ICICI Securities Ltd".
- Brokerage charges of 0.75% or $ 9 whichever is higher.
Once i open the account, i'll post more details on how to buy/sell, brokerage details and so on.
Kindly post the procedure to open "Oversees Trading Account" for other Brokerage. Much Appreciated.
10-14-2012 12:15 AM
i have been trading with dollarbird Trading firm for past 1 year there is absolutly no problem everything is fine you can google them to find anything about them.they have provided me with LASER trading platform which requires a bit of training as in to know the software but i can say one thing trading in US Equity market exp. is very diffrent from indian market they are very mature market and highly liqd and have good volatality to trade best equity market to trade with great trading platform you should have a exp. to trade on US equity it is diffrent
Originally Posted by mani.buzzingstocks
03-07-2013 10:35 AM
Thanks for the providing instructive nice information, i m trying to find out services with the minimum brokerage charges, Is this possible to get services with minimal of this cost provided above.
Please share any body have other options too.
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