Buying US shares and broker service

[OrangeJuiceJones]

I'm from the UK and want to make some long term investments in US stock. I also want option to swing trade.

I currently have a UK broker, however they charge Fx for international shares both to buy and sell, plus commission on top.

So I think its sensible to open an account where the base currency is in dollars, I would convert funds to dollars once, this then enables be to buy sell without further FX charges.

Is my idea feasible ? I know that some brokers have multi-currency also but not sure if this would assist me.

Thanks

 

[hatemypips]

I'm from the UK and want to make some long term investments in US stock. I also want option to swing trade.

I currently have a UK broker, however they charge Fx for international shares both to buy and sell, plus commission on top.

So I think its sensible to open an account where the base currency is in dollars, I would convert funds to dollars once, this then enables be to buy sell without further FX charges.

Is my idea feasible ? I know that some brokers have multi-currency also but not sure if this would assist me.

Thanks

Have you considered CFD trading? Getting access to US brokers may be a hassle for non-us citizens (know this from my own attempts)

 

[Gustavo_ZAM]

I'm from the UK and want to make some long term investments in US stock. I also want option to swing trade.

I currently have a UK broker, however they charge Fx for international shares both to buy and sell, plus commission on top.

So I think its sensible to open an account where the base currency is in dollars, I would convert funds to dollars once, this then enables be to buy sell without further FX charges.

Is my idea feasible ? I know that some brokers have multi-currency also but not sure if this would assist me.

Thanks

Hello, have you checked out Interactive Brokers?

I personally don't have an account with them as my trading activity is more compatible with trading with a prop trading firm. Prop firm model also works for swing trades but not long term investing as you have mentioned.

 

[awe]

Interactive brokers. You can exchange all your GBP for USD once and then exchange some or all back when you want to make a withdrawal