Peter Kimani Posted March 31, 2020 Share Posted March 31, 2020 Hi, I am interested in trading ETFs that track US equity markets such as SPY, how can I accomplish this? Quote Link to comment Share on other sites More sharing options...
0 Simon Mugo Posted March 31, 2020 Share Posted March 31, 2020 Hi Peter, there are two ways to trade the US ETFs, one is to open a stock trading account with a US broker and trade the ETFs directly from the US exchanges on which they are listed. However, there's another option if you are based outside the US and cannot access a US broker, or if you cannot afford the significant account balances needed to trade such assets directly. You can open an account with a Forex broker who offers trading the US markets in the form of CFDs (contracts-for-differences). You will not be trading the ETFs directly, but you will be trading an instrument whose value is linked to the ETF, that is a derivative. Trading US ETFs via a Forex broker is a great option as such brokers allow traders to trade fractions of such ETFs instead of trading multiple units of the ETF as they would via a stock broker. You can use price action strategies combined with a bit of fundamental news to trade such ETFs. Quote Link to comment Share on other sites More sharing options...
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Peter Kimani
Hi, I am interested in trading ETFs that track US equity markets such as SPY, how can I accomplish this?
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