Author Topic: Offshore broke4s  (Read 6528 times)

andre

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Re: Offshore broke4s
« Reply #15 on: September 28, 2018, 08:53:43 pm »
About a year ago I sent a mail to Just ONe Lap regarding this https://justonelap.com/community-post-buying-etfs-offshore/
Note that De Giro allows the first trade executed in an ETF of the "Free ETF Selection" free of charge (every calendar month) regardless of size of trade.
You can, however, have more than one free trade in a month as long as the trade is in the same direction (i.e. buy) and for more than 1000 EUR

I'm also still feeling my way around the pitfalls of direct offshore and still need to figure out the will issue - but from what I understand you do need a will in the domicile country of the broker - where your trading account is held?


Exponentx

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Re: Offshore broke4s
« Reply #16 on: September 30, 2018, 05:54:07 pm »
Hi francismichael

I am in the same boat. I am a saffa based in Austria. Opened an Ireland (so its in english and to avoid BREXIT issues) based DeGiro Custody account. So far done one EUR1000 VWRL purchase which I am happy with.
I am however now nervous to increase my holdings due to estate issues.

@Patrick, I would be interested to know how you have set up a will in foreign countries. Do you use a South African based lawyer? And as francismichael mentions, do you need the will in the country of your DeGiro account or where the company is domiciled? Your input would be great :)

Thanks for the great blog and putting your thoughts out there, I enjoy following it!

Exponentx

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Re: Offshore broke4s
« Reply #17 on: September 30, 2018, 06:25:15 pm »
Just read through this thread and seems to give some answers - thanks Patrick.
https://shareforum.co.za/shares/us-shares-for-those-with-ee-accounts/30/

t_Rex

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Re: Offshore broke4s
« Reply #18 on: January 24, 2019, 11:34:10 pm »
Hi francismichael

How is the De Giro solution working out for you? I am also looking for a cost effective way to invest in foreign currency denominated ETF's on a monthly basis.

Is your Euro account local or offshore?

Olive555

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Re: Offshore broke4s
« Reply #19 on: July 13, 2019, 02:30:24 pm »
Tried to open a Degiro account but they don't allow opening of accounts from SA.  Any other suggestions for a low fees offshore broker which opens accounts for SA residents?

Patrick

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Re: Offshore broke4s
« Reply #20 on: July 14, 2019, 06:49:45 pm »
Interactive brokers, but you have to pay $10 a month until you reach $100 000.

willemm

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Re: Offshore broke4s
« Reply #21 on: July 19, 2019, 02:46:41 pm »
For the guys with a IB account. I see you can actually deposit ZAR? Was that always an option? Wondering what the currency conversion would be - cannot find it on the IB site anywhere (so far..)

willemm

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Re: Offshore broke4s
« Reply #22 on: July 20, 2019, 09:19:28 am »
For the guys with a IB account. I see you can actually deposit ZAR? Was that always an option? Wondering what the currency conversion would be - cannot find it on the IB site anywhere (so far..)

still can't seem to find the exchange rates on IB if you deposit ZAR..