Here are 3 steps to invest in foreign stocks in India.
1. An Account with Indian Brokers Having a Tie-Up with a Foreign Broker
Most Indian full-service brokers such as ICICI Direct, HDFC Securities, Kotak Bank, Axis Securities, Reliance Capital, and so on have a partnership with international brokers. They have made it very simple for their partner (foreign) brokers to open your overseas trading account.
Using those full-service brokers you can invest in foreign stocks.
2. Open an Account with the Foreign Brokers
A few international brokerage firms such as Interactive Brokers, TD Ameritrade, Charles Schwab International Account allow Indian citizens to set up an account. In addition, they trade in US stocks, mutual funds, and so on.
3. Investing in Foreign Stocks through New Startups Apps
There have been many new beginnings in India and abroad over the past few years that help Indians invest in foreign stocks. For example, Vested Finance, a newly founded startup, lets the Indians invest in US stocks.
They are registered investment advisor for the US Securities and Exchange Commission (SEC). Similarly, using the Webull app and another popular startup also commits to building the best investment.
And also, trading as an experience for India and global stock markets. Hence, you can also invest in foreign stocks.
Investing in the foreign market would help you extend the reach of your business. There, you can invest in your favorite companies without frontiers. Moreover, it’s not that hard to invest in the international market in the digital world.