facebookAre we allowed to use our SRS account to buy Hongkong or US stocks? - Seedly

Anonymous

12 Nov 2019

General Investing

Are we allowed to use our SRS account to buy Hongkong or US stocks?

Are there any platforms that allow us to do so?

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Elijah Lee

10 Nov 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

In general, it's not allowed. However, if you have a Phillip Managed Account, SRS funds can be used to buy foreign shares, but the purchase decision (which stock, what price, etc) lies with the team running the managed account.

If you have further questions, feel free to reply to this post.

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