I am Brasilian resident, how to buy shares on NYSE?
I am having my work contract here in Brasil. I have some money (3000$) and I would like to invest it in some specific companies that are listed on NYSE. How can I do this, it seems that most brokerage houses do not allow Brazilian residents to buy shares. Any advice is welcome.
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There are some brokers in the US who would be happy to open an account for non-US residents, allowing you to trade stocks at NYSE and other US Exchanges.
Some of them, along with some facts:
DriveWealth
Competitive brokerage fees
Process for account opening is straightforward and fast
Mobile app is cool
Has support in Portuguese
Website
TD Ameritrade
Moderate fees for shares
Zero brokerage fees for some ETFs
Has support in Portuguese
Website
Interactive Brokers
Competitive brokerage fees
Competitive margin account rates
Access to some other major venues such as DAX (Germany), London, etc
Account opening is not that straightforward
Website
There are ETFs listed on the Brazilian stock market. Specifically there is one for S&P500 - SPXI11, which might fulfill your requirements, though as one commenter has observed, it doesn't answer your original question.
I am not sure what a Brazilian equivalent is but you could just do an ADR. Keep in mind that when you are investing in a foreign company there are certain currency risks that you may need to consider.
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