As a non-resident, what do I need to open an account at CI Direct Investing? (2024)

FAQs

As a non-resident, what do I need to open an account at CI Direct Investing? ›

Non-residents must be a Canadian citizen, have a minimum of $25,000 to invest and maintain a bank account in Canada. Availability varies by country. We do not open accounts for residents of jurisdictions: Located in the European Economic Area.

If you are not a Canadian resident, you may be able to open a TD Direct Investing account by completing an account application at a TD Canada Trust branch / TD Direct Investing Investor Centre in Canada.

The U.S. stock market is one of the pillars of our country's economic system, and U.S. citizenship is not required to trade U.S. securities. That means non-U.S. citizens or international investors can open a brokerage account and invest in U.S. stocks.

You can invest without a Social Security Number. We'll explain why investing is so important, why you can invest with an ITIN, and how to do it.

You'll need to provide both a foreign and U.S. address, as well as two forms of ID and a tax identification number. This must include building name or number and street name, city or town, state or province, country.

Please note: You need to be a U.S. citizen with a U.S. mailing address to open an account. If you live or work outside the U.S., please check out our international site.

The reason why U.S. financial firms (sometimes banks, too) may not retain non-U.S. resident clients is that U.S. anti-money laundering and anti-tax evasion legislation imposes a responsibility on financial firms to ensure that they are able to verify the source of their client's incomes, which may not be possible if ...

I'm not a resident of the United States and I don't have any existing accounts with Fidelity. Can I establish a relationship with Fidelity? Unfortunately, we do not open accounts for any new customers residing outside the United States.

OK，I give a phone call to E-Trade customer,they told me only who have ssn or ITIN,lived in US can use it.so I cannot use the E-Trade. only can sell my ESPP stock. No, you can't connect your accounts because you are not an American citizen and don't have a social security number.

Can I use my ITIN to invest in stocks? ›

Yes, individuals with an Individual Taxpayer Identification Number (iTIN) can indeed invest in the United States.

Although you typically only need a Social Security number to open a standard Fidelity brokerage account, Fidelity is required to comply with antimoney laundering regulations.

You will need your Tax ID or Social Security Number.

Learn more about Tax ID numbers.

Brokerages tend to offer lower annual percentage yields (APYs) on savings, money market and interest checking accounts than the best online banks. Brokerages typically don't have cash-handling employees in brick-and-mortar locations. Brokerage accounts don't offer all the services that a traditional bank offers.

A cash account is appropriate for the majority of investors. It allows you to buy investments with money you deposit into the account. A margin account is for investors who want to borrow money from the broker to buy investments. Margin trading is a riskier type of investing that is best suited for advanced traders.

I'm not a resident of the United States and I don't have any existing accounts with Fidelity. Can I establish a relationship with Fidelity? Unfortunately, we do not open accounts for any new customers residing outside the United States.

What You Need - Application. Social Security Number (SSN) or proof of ID number if not US citizen; Your employer name, address and phone number; Bank or 3rd party broker account numbers for funding purposes, plus routing number for check deposits.

Robinhood Financial LLC (RHF) is currently authorized to do business in all 50 states, Washington D.C., the U.S. Virgin Islands, and the Commonwealth of Puerto Rico. RHF does not currently offer foreign investment accounts.

Some firms allow expats to retain their account after relocating abroad but prohibit opening a new account or making new contributions to an existing one, while others allow expats to keep their accounts but don't allow access to their online portals from abroad.