I am not an American so if I want to invest in the stock market do I need to be an American citizen/resident?
- RICKLv 75 months ago
Unless you are from one of the restricted countries you are free to invest in the US stock market
Most countries stock markets allow foreign investors
- tiescoreLv 66 months ago
Depends. If you are in most countries you can find a brokerage firm that allows you to buy US stocks. However, if you live in a country on the OFAC (Office of Foreign Assets Control) prohitbited list you won't be able to invest:
Currently, sanctioned countries include the Balkans, Belarus, Burma, Cote D'Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe. The list of sanctioned countries is updated periodically and is available here.Source(s): Treasury Department's Office of Foreign Asset Control (OFAC ... https://www.wm.edu/offices/techtransfer/ExportCont...
- curtisports2Lv 76 months ago
No. You can invest online from just about anywhere.
- RichardLv 76 months ago
Brokerage companies can be found in virtually every country that has a market economy. Contact one in your home country and learn how you can invest in US companies. (Investment laws and tax treatments can vary by by country.)
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- babyboomer1001Lv 76 months ago
No. You can be from just about anywhere. Your money can be converted to U.S. funds easily, to invest in one of the "U.S." stock markets.
- zman492Lv 76 months ago
If the brokerage you use is a member of SIPC you are also covered by SIPC insurance.