How to Buy Stocks on a Foreign Stock Exchange

1. Which are the Online Brokerages in India which will allow me to purchase stocks listed on foreign exchanges ?

2. What are the Steps and Requirements for purchasing and selling of these stocks ?

i.e Trading (Brokerage account), Demat Account, Foreign exchange, International Bank account etc

Cos catering to different sectors viz IT, Aviation, Banks, Healthcare (Pharma), Automobile, Hotels, Oil & Gas, FMCG etc have listed stocks on Foreign Exchanges.

Can Indian Investor/s purchase and sell those Stocks ?

For example : I want to Buy Infosys Technologies Limited Stock listed on NASDAQ OR London Stock Exchange (LSE).

Thanks & Regards,
Prashant S Akerkar

hi,

even i like to know about whether trading in foreign exchanges like NASDAQ is allowed/legal? Or is it like Foreign Currency trading which is restricted by RBI.
If possible, is it ok to open a/c with any USA stock brokers directly?
If thats also possible, do we need to pay double taxation on profit earned by this way to both USA and Indian goverment?

Any help from senior members is highly appreciated.

Thanks,
...summasumma

Thank you.

I personally have this opinion.

There should be Global Trading Platform Created for investors to purchase and sell stocks i.e local - Indian Investor trading on BSE AND NSE stock exchanges as well as on Foreign Exchanges.

Our Global Trading Platform (Internet Web Site/s - Portal/Gateway) should be able to connect to all local and foreign exchanges. viz LSE, NASDAQ, Singapore stock exchange, UAE, Hong Kong Stock exchange etc once we get a valid trading account.

This can happen if as you rightly pointed out IF we can connect to a US Stock Broker for example to purchase and sell Stocks on NASDAQ OR NYSE
OR
Indian Stock Broker/s who has contacts with the US Stock Exchanges for opening US foreign exchange trading account.

Don't you feel Indian Investors would not like to buy stocks of Boeing, Ford, General motors, Google, Microsoft etc for examples listed on NASDAQ or NYSE ?.

Similarly Don't you feel Foreign Investors (example British, American, German, Spanish etc) would not like to buy Bajaj Auto, Bharti Airtel, Tata Steel, Wipro Technologies for examples indian cos stocks Listed on BSE and NSE ?.

There may be financial implications on this i.e forex market and other securities risk factors which we have to study.

Thanks & Regards,
Prashant S Akerkar

Looks a Good Trading Portal/Gateway for investing corporates listing
in Domestic and Overseas Exchanges.

http://globalinvestor.indiainfoline.com/Products-And-Markets.html

Thanks & Regards,
Prashant S Akerkar

Unless INR doesn't become a Full Float... it will not be possible...

SG

Buying foreign stock has become quite easy and fun these days as there are several social trading companies online offering social platforms wherin one can discuss stock, copy traders and so on.. I such broker is ligaforex com wherin you can invest in stocks in pips with as low as $10 I have been trading with them since 2 months now.. you can check my profile there ligaforex.com/ramesh