United State Stock Exchange is one of the largest and most liquidity Exchange. Many investors outside of the United State are interested to trades there. For Malaysia and Singapore traders can access the United State Stock markets by simply invest thru local brokers such as Investment Banks. Alternately investors outside of United State may also open an account with US based online stocks such as Scottrade, ETrade, Fidelity and many more.

I prefers to trade via Standard Chartered Singapore online trading account as they offers lowest commission for online, other reasons to choose Standard Chartered Singapore because they have Bank branches here in Singapore, where you can deposit and withdraw money.

For comparison, other Brokers may charge higher per trade while with Standard Chartered, the charges per trade can be as low as 0.20% for Priority Banking customers and 0.25% for Standard Chartered Preferred / normal customers. For SGX market they offer even better Bank rate commission. The benefits of cheaper commission give better returns in long run.

In the US, there are more than one stock exchanges and the most famous and well known would be  the New York Stock Exchange (NYSE) and the NASDAQ.   Other stock exchanges in the US are American Exchange (AMEX), Boston Stock Exchange (BSE), Chicago Stock Exchange (CHX) and a few others.

If you opted to open an online Trading account with the US Stock Brokers, usually you are allowed to place trade in most of the stock exchanges mentioned earlier through their online trading platform. In general the US Stock Exchanges opening hour is in between 9.30am to 4.00pm US/Canada Pacific Time (GMT-8).

To open an account with US brokers is not difficult, from data entry to documents upload can be done online and account creation is almost instant.  You will have to submit some signed forms, copy of your movement issued identification such as passport for validation. Usually and most of the time the online Brokers accept the scan copy of the documents, and you can send it via e-mail. These documents a must a part of validation of the Money Laundering control I presumed.  Well to get started, these are the information and steps required.

  • Choose the best online trading platform and brokers available and fill up the online form thru ‘Sign up’ or ‘Open Account Link’ on their website
  • Print all applicable forms, sign and make a scan copy. The most important form for foreigner is W8-BEN form. W8-BEN form and passport copy are required as an evidence of non-residence status
  • Send all signed documents together with copy of identification by e-mail.
  • Once confirmed with the opening of trading account. Deposit cash to your trading account either by Wire Transfer, Credit Card, Checks or ACH Transfer where available

Start trading and make money online thru US market.