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Who doesn’t know giant companies like Google and Facebook whose products we often use on a daily basis? So the world tech giants like Apple, Tesla, Amazon, Netflix and others? We can now own these multinational giants by buying their shares directly from Indonesia.
Raising shares of multinational companies with strong fundamentals and attractive potential can be a step towards diversifying your equity investments, as well as increasing your liquidity potential. Buying shares abroad is now much easier.
With the advance of technological development, only with a smartphone and its app, one can easily buy, own and sell shares on foreign stock exchanges. Read: The best forex trading platform
Just like when buying shares on the domestic stock market, there are several stages investors must go through in order to buy shares of foreign companies.
First of all, an investor must first open a securities account. For this, investors need to open a stock account with a global stockbroker, broker or securities firm.
Stock brokerage firms act as intermediaries between investors and the stock exchange where they transact both offline and online. To make it easier for investors to execute buy and sell stock transactions, brokerage firms often have stock trading apps that can be accessed from mobile or electronic devices
In the process of opening a stock account, investors will need to fill out a complete personal details form. Subsequently, data and account verification is usually performed by a securities company.
eToro (www.etoro.com)
The eToro app is used for investors who want to trade stocks on the US stock market and European countries. eToro is known for being the friendliest to retail investors, both from the country in question and from abroad such as Indonesia. The application born in 2007 with headquarters in the United Kingdom is already accessible in about 100 countries and has more than 17 million users.
In addition to trading stocks, the eToro app also offers features for trading Forex, ETFs, cryptocurrencies and more. There are over 2,000 stocks for investors trading through eToro to choose from.
The minimum deposit investors must provide to open a stock account with eToro is $200. This brokerage charges a US$5 withdrawal fee and inactivity fee for accounts that do not trade for 12 months at US$10 per year. Also, there is no transaction fee for buying or selling shares for long positions. The short selling fee is 0.18% of the transaction value.
TradeStation (www.tradestation.com)
This global security offers a range of assets ranging from trading cryptocurrencies, stocks, mutual funds, ETFs, bonds, to IPO stock purchases for investors from various countries including Indonesia.
The minimum initial deposit set by TradeStation is US$2,000. However, investors will be charged 0 commission or free of charge for trades or trades. This complimentary stock transaction is established for the first 10,000 shares per transaction. Thereafter, US$0.005 per transaction will be charged for each additional share beyond the first 10,000 shares.
Saxo Bank (www.home.saxo)
Through this broker, you can access investment transactions on some of the busiest exchanges in the world, namely the US, Europe, China, Hong Kong and Singapore. This stock brokerage firm founded in 1992 offers various types of investments ranging from stocks, currencies, commodities, bonds and others through the SaxoTraderPRO online stock trading platform.
To open a stock account with Saxo Bank, the minimum deposit investors need to make is US$3,000. Custody fees are set at between 0.12% and 0.25% per annum, depending on the member’s level. Saxo Bank also sets a minimum monthly fee of 5 euros.
Interactive Brokers (www.interactivebrokers.com)
Like Saxo Bank, Interactive Brokers (IBKR) also offers investors access to the world’s most attractive stock markets, particularly in the United States, China, Europe, Hong Kong and Singapore.
This stock brokerage firm provides buying and selling services of stocks, currencies, bonds, ETFs, etc. in over 220 regions. The market access offered reaches 135 markets and is spread across 33 countries. IBKR also used 23 currencies.
To trade multinational stocks through Interactive Brokers, investors are required to deposit a minimum capital of USD 10,000 or approximately Rs 140 crore.
Transaction fees representing less than 1% of the total value of the transaction reach 1 USD. So the transaction fee for 1,000 shares is $5. However, this fee is free for IBKR Lite clients.