Overseas Trading Account in India

POSTED BY RSG ON November 12, 2013 6:20 pm COMMENTS (8)

Hello,

I was looking for overseas trading account to buy stocks in US specifically. I knew ICICI Direct had this facility but when I called them today, they mentioned they have stopped this couple of months back.

I’ve checked with HDFC and FundsIndia but they don’t have overseas trading. Does anyone know any bank/trader through which I can use for overseas trading. I heard Kotak Securities do but they mandate Rs. 5L deposit, which seems too high.

Any help will be appreciated.

Thank you,
Rupreet

8 replies on this article “Overseas Trading Account in India”

  1. Nsm says:

    That’s bad man….

  2. Rajat says:

    Which is better e*trade or intractive broker for US market?

  3. VC says:

    Use Duniyatrade.com

  4. alternatepatel says:

    You can use …

    1. Interactive Brokers (easiest account opening process – totally online – initial deposit 5,000$, very low brokerage charges 1$/trade)
    https://www.interactivebrokers.co.in/en/index.php?f=individualAccounts&p=hybrid
    https://www.interactivebrokers.co.in/en/index.php?f=commission&p=stocks2

    2. Etrade (account opening through Hard Copy form to be sent to its Singapore office, min deposit 500$ only, brokerage 9.99$ per trade) , good if u want to start with low initial investment
    https://global.etrade.com/sg/en/products-services/open-an-account#

    hope it helps

  5. ashalanshu says:

    Dear RSG, please contact Motilal.

    thanks

    Ashal

  6. RSG says:

    Thanks for your response. I had shared my contact on the given email and had a telephonic conversation with support staff. They were to schedule a call back again from the concerned team but I get this email now. It seems Kotak Security doesn’t have overseas trading facilities? Pretty strange!

    Dear Mr. Gujral,

    This is in reference to your below mail.

    At the outset, please accept our sincere gratitude for sharing your concerns with us and giving us an opportunity to assist you.

    Further to your query, and as per our telephonic conversation we understand you wish to invest in Us stock in your trading account.

    However currently there is no facility as entreated through which you can invest from our end.

    Looking forward for your patience and kind co-operation in this regards.

    Best Regards,
    Yashwini Poojary

    Kotak Securities Ltd

  7. Kotak Securities says:

    Hi Rupreet,

    We would like to answer all your queries regarding overseas trading. Please share with us your contact details at ks.escalation@kotak.com so we can get in touch soon. Alternatively, you can call our customer service desk anytime at 30305757/1800-222-299 or visit our website at http://www.kotaksecurities.com.

    Regards,
    Team Kotak Securities

    1. Prateek Khurana says:

      I sent an email to Kotak and did not get any response so I called their customer care and they told me no such facility is available.

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