Author Topic: I Need Broker Suggestions. I'm Looking to Buy shares that Pay Monthly Dividends.  (Read 10251 times)

MoneyChief

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Local or foreign?

It's pretty hard to beat easy equities on ease of use and fees locally. For foreign, the cheapest is de giro. No minimum, no monthly fees, but you need a US or EU bank account.

Patrick, Quick one!

I have a Netherlands account open which I use to administer a pretty much US-based investment portfolio

I have this as I lived there several years  ( now back in SA )

Looking at De Giro , definitely look like the best fee structure vs a bank

To sign up though they were asking for EU or UK address ? are there ways around that?

I am in the same boat, one other thing that bothered me. Lets say you manage to open the account, then a couple of years later something goes wrong with your EU bank account for example they close it because you are not using it enough, etc. As far as I know De Giro will not allow you to withdraw money from a different account than the one you used to deposit money with. Then you are screwed.

Patrick

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Where is the restriction for EU addresses? I tried to run through the registration page and was able to choose SA for telephone and address, but couldn't get past the IBAN as my US bank doesn't have one.

Mr_Dividend

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BTW - a while ago I did email ameritrade about opening an account with a SA bank account ::

Quote

Thank you for letting me know your country of residence.  You can open an account at TD Ameritrade as a resident of South Africa and we will need to receive the following:

A completed and signed account application (you can use the online account application to open your account, but be sure to print it out before you submit it online to sign and date and send in with this other required documentation)

A copy of your current passport and a copy of a bank or financial statement

A completed and signed W-8 BEN form (copy attached).

You can send all of this as an attachment to this email to be processed, and if you have any other questions, please let me know.

We appreciate your interest in opening an account at TD Ameritrade and I hope you are having a good day!



Best Regards,


Elizabeth McNeil
New Accounts, TD Ameritrade
TD Ameritrade, Inc.