Global Investing

General
172

Plan is to do beta by this month end.

2 Likes
173

Can you share the pricing and the mechanics?

174

Will share along with beta release.

1 Like
175

What would be the cost of ( including Brokerage , Bank transaction cost & Brokerage ) buying/ selling US Stocks , if i use 2500 dollar and earn 100 dollar

176
  • Transfer cost(Outward remittance):
    • Bank commission $10-15
    • Forex Markup: $5(Using lowest 0.2-0.15p w/UPI)
    • GST: 2-5$
  • Brokerage: Depends on broker: Averages 2$/ Transaction
  • Return to INR cost(Inward Remittance):
    • Bank commission $10-15
    • Forex Markup: $10(Using lowest 0.4 w/Banks like IOB)
    • GST: 2-5$

Overall cost: Around $50-60

177

Well , is it not an assumptive one right? if Yes i wanted to know it from a person who did the Transaction , more over i need to consider the Time siting over night in India to do the Transaction

1 Like
178

Didn’t get you? Time sitting in india overnight? What?

179

The major US stock exchanges—the New York Stock Exchange (NYSE) and NASDAQ—regularly operate from 9:30 AM to 4:00 PM Eastern Time (ET). In Indian Standard Time (IST), this translates to 7:00 PM to 1:30 AM during Daylight Saving Time (March to November), and 8:00 PM to 2:30 AM during Standard Time (November to March

This is nothing but a Health Risk i need to consider , if i have to trade US Market

180

Just would like to if S& P 500 ETF would be available as i would like to invest in that index

181

Is it public beta or internal beta?

182

The figure by @BB789 are not assumptive but accurate I have only done one way transaction and cost to Remit $1000 came to around $20, haven’t done any inward remittance yet, could assume net total it would cost me about $40-50 for a round trip to India, You need to initiate the transaction at the morning around 10-11 AM IST then you will receive the funds in your Brokerage account in the afternoon and trade in the Night as the time you suggested, I only Invest/Swing Trade in US so i do monitor positions throughout the night Just Once to Twice a day

2 Likes
183

Without forex markup?

184

Nope, this was inclusive of everything

185

Oh? Do you remember what was the markup? Private banks usually charge upwards of a 1.5INR/USD and it’s usually hidden.

186

Thank You , i am also interested in swing trading only.

187

My conclusion , This way Banks & Governments take away our Dollar earnings from US Stock Market
2

4 Likes
188

@siva The beta version that you are talking about is public right? Anyone can register for it?

189

Any plans for Forex mark up tie up with banks?

190

I used SBI so $10 Commission & Markup was around 0.2 or 0.15 p over spot, public banks have very tight spreads and GST came to about INR 200 don’t remember the exact value but somewhere around there

191

Yes, will announce here only.