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You need to have a local broker/bank to deal in US dollars and in US stocks. While it's easy enough in the UK or Canada, it is really challenging to do for a ra
by user5994461 6y ago
You need to have a local broker/bank to deal in US dollars and in US stocks. While it's easy enough in the UK or Canada, it is really challenging to do for a random individual in most countries in the world.
- klaasvakie 6y agoNot true, I can walk into most banks here in South Africa and open an account that allows me to trade on foreign stock exchanges. Minimum deposits are in the order of USD5k, and require only local ID to open. Doing this anonymously would be much harder, but that's not what you were suggesting.
- user5994461 6y agoDamn. Your African bank is better than my European bank.