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How Can I Buy Foreign Stocks?
Posted on 8/14/16 at 9:50 pm
Posted on 8/14/16 at 9:50 pm
I want to buy Volvo-Penta but my Morgan Stanley broker told me that he cannot buy a stock from the Stockholm Exchange.
Does anyone know how I can buy it?
Thanks in advance.
Does anyone know how I can buy it?
Thanks in advance.
2
Posted on 8/14/16 at 10:22 pm to MISSOURI WALTZ
Typically, large and well-known foreign companies' stock can be purchased as an ADR, an American Depositary Receipt. However, Volvo's ADR program was terminated in January. Since your broker can't or won't buy shares on the foreign exchange, the only other option I'm aware of is to open a brokerage account with a firm in Sweden.
Posted on 8/14/16 at 11:23 pm to MISSOURI WALTZ
Fidelity lets you trade on many international exchanges including Sweden. I have never done this personally.
https://www.fidelity.com/stock-trading/faqs-international
https://www.fidelity.com/stock-trading/faqs-international
Posted on 8/15/16 at 9:14 pm to gpburdell
Interactive Brokers.
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