OK, so I want to get my slice of the growing American Pie, but how's it done cost effectively and efficiently ?
Could add NABtrade to my NAB account, but seems a bit clunky and who uses Big4 anyway ?
Could go through my Citibank account but they charge $75 + costs and takes days etc.
So looking around for an online broker and there aren't many avenues for Australian investors - it's like we're blacklisted and probably something to do with over the top regulations making it too difficult for brokers to set up shop here. TD Ameritrade have been and gone twice on Aussie soil.
And there only seems to be Etorro or Stake but again isn't instantaneous.
Now going back to Citibank - within Citibank Worldwide - transfers between Citi accounts anywhere in the world are (almost) instantaneous and with good FX rates according to their website.
So, is there a US Broker utilising Citigroup to accept cash deposits into the holding account for placing trades?
Interested to know a good work around or other suggestions.
Or there may be a Reddit or whirlpool forum someone can point me to.
Only looking to purchase 1 or 2 stocks and hold.