Buying foreign shares.

[bakuten]

guys.... me very new to stocks n shares.

say if i want to buy shares of a foreign company lets say based in canada or USA.

is there anyway I can do it without counter-party risks?

basically directly deal with the company and not through a broker/brokerage.

thx

 

[Shiny Things]

guys.... me very new to stocks n shares.

say if i want to buy shares of a foreign company lets say based in canada or USA.

is there anyway I can do it without counter-party risks?

basically directly deal with the company and not through a broker/brokerage.

thx

You don't have counterparty risks when you buy shares (in most countries, at least). Let's take the US as an example: if an American broker-dealer fails, the SIPC steps in and works to ensure the BD's customers get all of their money and shares back. Even the customers of Lehman's broker-dealer got 100% back.

If you're worried about your broker failing, don't pick a sh!tty fly-by-night broker. Standard Chartered aren't going anywhere, for example - or OptionsXPress (they're part of Charles Schwab).

And anyway, companies don't sell shares directly to the public (even in an IPO). There's always a broker involved somewhere.

 

[bakuten]

cool thx.

are there any platforms where i can buy some mining shares then?
can intro some?

thx~~

 

[Shiny Things]

cool thx.

are there any platforms where i can buy some mining shares then?
can intro some?

"Mining shares" is a big category. There are mining shares listed all over the globe. Do some research before diving in.

In terms of a broker for this stuff - usual answers. E*Trade, OptionSexPress, Stanchart, Interactive Brokers, blah blah blah wibble.

 

[alexchia01]

cool thx.

are there any platforms where i can buy some mining shares then?
can intro some?

thx~~

I brought my US stocks through iOCBC.

If you plan to invest long-term, you want to hold the shares, not the CFDs. So you should avoid CFD providers.

 

[Shiny Things]

I brought my US stocks through iOCBC.

If you plan to invest long-term, you want to hold the shares, not the CFDs. So you should avoid CFD providers.

I'm gonna recommend not using iOCBC.

Their brokerage rates for American stocks are extortionately high - 0.35% with a $25 minimum - and they charge a $2-a-month "custodian fee" per security, which is just absolute cr@p. Stanchart, E*Trade, Saxo, Interactive Brokers - none of them charge you just for the privilege of holding your shares.

(For Australian shares they're even worse - seventy bucks a trade! I'm in the wrong business.)