Hello Team,
Could you please recommend some reputable brokers for investing in US stocks, such as Microsoft, Google, and Nvidia, that allow a direct investment? (I know about the ETFs listed in India for Nasdaq-100 and NYSE FANG+, but looking for direct investment.)
Currently, I know about Motilal Oswal, Vested Finance, and INDmoney. But, these are sub-brokers - they don’t provide full services but only a limited exposure, I can’t even set price drop alerts/triggers, and they charge a lot in terms of funds in and out, brokerage etc. (e.g., while transferring the funds into the account they easily deduct around 1.5% at least in terms of forex markup and hidden charges and similarly around 1.5% while transferring back to the Indian savings a/c). Same for the trading platform offered by HDFC, ICICI, etc.
I am thinking if, instead of using these sub-brokers who are middlemen between us and the broker firm in the US, I can directly open an account with a US broker. Can the community team guide me with some good/reputed US brokers, considering they offer a good trading platform - limit orders valid for 30 days at least, price alerts/triggers on symbol, and a cost-effective investment?
Looking for the responses!
Thanks,
AG