Who can invest in US stocks?
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Singaporeans, Permanent Residents and foreigners can all invest in US stocks. To do so, you would require a brokerage account that has access to the US market. However, depending on the tax treaty between your country and the US, the withholding tax on dividend would differ. For example, Singaporeans are subject to 30% withholding tax on dividends paid out by US companies.
How can I buy US stocks?
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To buy US stocks, you would require abrokerage account. Depending on the brokerage account you use, some could require you to activate the account before you can make trades on foreign markets. Do keep a look out for the price you are buying or selling the security at, as well as the number of units you are trading. The US trading hours are 09:30pm to 04:00am (Singapore time).
How can I invest in US stocks in Singapore?
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You can purchase the US stock of your choice using a brokerage account that gives you access to the US market. To get exposure to US stocks, you can also invest inExchange Traded Funds (ETFs)that track a US index like the S&P 500 Index, or invest with a robo-advisor.
How can I invest in US stocks on my own?
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You can invest in US stocks as long as you have a brokerage account that has access to the US stock markets. The stocks you purchase will be held in your custodian account with the broker. Examples of suchbrokeragesinclude Interactive Brokers, SAXO Markets and Tiger Brokers.
What's the difference between Singapore and US stocks?
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Singapore stocks refer to stocks listed on the Singapore Exchange (SGX) while US stocks refer to stocks listed on US markets. The trading commissions and minimum commission fee charged by the broker for trading Singapore or US stocks will also differ.
Do I need different brokers for Singapore stocks and US stocks?
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It is possible to use the same brokerage account to execute both Singapore and US stock trades, as many brokers provide you access to both markets. However, it’s best to check the access your broker provides before setting up the account. Some brokerages could also require you to activate your account before you can make trades on overseas markets.
You can also opt to use different brokers for trades made in different markets. For example, you can use a CDP-linked brokerage account to purchase Singapore stocks that you intend to hold for the long term, while using a custodian account to purchase US stocks.
Read more aboutbrokerage accounts to start your investment journey with here.
