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I am having my work contract here in Brasil. I have some money (3000$) and I would like to invest it in some specific companies that are listed on NYSE. How can I do this, it seems that most brokerage houses do not allow Brazilian residents to buy shares. Any advice is welcome.

user
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MikiBelavista
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3 Answers3

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There are some brokers in the US who would be happy to open an account for non-US residents, allowing you to trade stocks at NYSE and other US Exchanges.

Some of them, along with some facts:

DriveWealth

  • Competitive brokerage fees
  • Process for account opening is straightforward and fast
  • Mobile app is cool

  • Has support in Portuguese

  • Website

TD Ameritrade

  • Moderate fees for shares
  • Zero brokerage fees for some ETFs

  • Has support in Portuguese

    Website

Interactive Brokers

  • Competitive brokerage fees
  • Competitive margin account rates
  • Access to some other major venues such as DAX (Germany), London, etc

  • Account opening is not that straightforward

    Website

born to hula
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There are ETFs listed on the Brazilian stock market. Specifically there is one for S&P500 - SPXI11, which might fulfill your requirements, though as one commenter has observed, it doesn't answer your original question.

Marcus D
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I am not sure what a Brazilian equivalent is but you could just do an ADR. Keep in mind that when you are investing in a foreign company there are certain currency risks that you may need to consider.

Michael Borgwardt
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Part_Time_Nerd
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