What is the best way to buy US stocks (eg Facebook, Amazon, Netflix and Google)?

I'm right now waiting for a market correction but want to get ready... hence I am keen to buy US stocks like (FANG = Facebook, Amazon, Netflix and Google) but they are all listed on the US stock exchanges (eg NASDAQ and NYSE) How do I go about buying those and which accounts, steps do I need to set up also, which are the best cost effective way yet easy to use also?

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Serene Toh

14 Aug 2018

I use Philips Securities, just bought FB recently, pre-crash :( and top up Post crash :)

Been buying local stocks only, I only just realise last year that I can just trade international stocks normally without doing anything extra. (DUH)

For US stocks, you will need to fill in a tax form. Call your agent or inventment company. They should be able to help you.

I just walk into the Philips Investor Centre and they helped me with the form and everything.

Buying DIY online will be cheaper then through broker. This would be true for all trading accounts.

Hope this helps

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Jefferson Soh

30 Jul 2018

Founder at The cat cafe

The most cost effecient method is interactive brokers. Trades are around 1 dollar per trade.

They have a platform fee of 120 a year. All these waive if you got 100k usd or more park. With them.

Down side : harder to setup - it's a us broker with the nearest call center at hk. If you lose you token etc be prepared for international calls.

Funding and removing funds happens usually within a few hours during sg working hours. You can fund in sgd to their citibank account and transfer at fx spot rate to currency that you like.

They are the biggest brokerage company in US not much to worry about them running bankrupt. After all they survive lehmen, dotcom etc.

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