Expat Community > France

antifreeze
Joined 2016
Posts: 56

online discount brokers

7 years ago

Time is growing short. By the end of September we will have made our move to Nice. Unfortunately, there are still issues with which to deal.

The current issue involves investing.

My wife and I handle our investments ourselves, through an online brokerage service, Scottrade. We've been with them for over 20 years and are quite happy with them.

However, since we are moving to Framce, Scottrade tell us that we will have to close our accounts if we live abroad, that is unless we maintain a residence address here in the states. We ca do this, we can set up a residence in, say, Florida, which has no state taxes. But there might be a problem in that all our trades will take place in France. There will be no trades emanating from America. Sooner or later his will set off a red flag and Scottrade will want to know why we are not trading from Florida, why all our trades are done in France. They will ask if we truly have a Florida residence. I suppose we could lie, but I would rather not. Instead, I think we would rather have our accounts with a French discount broker, someone we could use for our online trading. It would be a company that would allow us to buy and sell American stocks, so that we could maintain our present investing strategy.

Do any of you folks out there in expatexchange land have any suggestions? If you have any questions of me, I'll try to provide further information.

Sincerely,
Antifreeze

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

Living in France Guide

Guide to Living in France covering expat life, local culture, finding a home, diversity and more.

France Forum
Join our France forum to meet other expats and talk about living in France.

Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in France.

Best Places to Live in France

If you're thinking about living in France, here are the 15 Best Places to Live in France in 2023.

Healthcare in France

Expats often ask if health insurance is free in France or if you need health insurance to go to France. Here is basic information about the French healthcare system.

Cost of Living in France

Expats offer insight into the cost of living in France.

Moving to France Guide

Expats all over the world dream of someday making France their next destination. As with other countries, there is a lot of planning involved, and a lot of decisions to be made.

Real Estate in France

Real estate listings in popular cities and towns in France.

Pros & Cons of Living in France

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in France.

Retiring in France

Advice for people retiring in France.

10 Tips for Living in France

If you've recently arrived in France, here are 10 tips for digital nomads living in France.

Additional Information:

Visit our France Index for a Full List

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

Contribute
Help others in France by answering questions about the challenges and adventures of living in France.

Login

Or, Send Login Link

Expat Community > France

online discount brokers

Login