US Futures markets for sri lankans

Suranga77 · 1 US Futures markets for sri lankans Mon Jan 06, 2020 5:47 pm

Suranga77

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is it illegal to trade US futures indexes in Sri Lanka. is there any discussions about that in here?

Teller · 2 Re: US Futures markets for sri lankans Mon Jan 06, 2020 5:50 pm

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Trading is not illegal, but SEC doesnt allow any broker firm to do marketing for foreign markets. Personally i trade 4 markets. SEC can not catch me as im a residence visa holder there. Also i have my bank accounts for buying and selling

ColomboCSE · 3 Re: US Futures markets for sri lankans Mon Jan 06, 2020 7:19 pm

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Suranga77 wrote:is it illegal to trade US futures indexes in Sri Lanka. is there any discussions about that in here?

@Suranga, You can use https://www.ustocktrade.com/lk/

Go to Sampath Bank and they will help you. (You better to go Sampath Bank WTC)

Unfortunately you need USD RFC or NRFC account.

Teller · 4 Re: US Futures markets for sri lankans Mon Jan 06, 2020 7:23 pm

Teller

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See the Apple growth .i baught 105$ per share. Today 298$.
And 70% additional gain due to rupee depreciation .

https://www.google.com/search?q=apple+share+price&oq=apple+&aqs=chrome.1.69i57j69i59j0l2.2243j0j4&client=ms-android-hmd-rev2&sourceid=chrome-mobile&ie=UTF-8

ColomboCSE · 5 Re: US Futures markets for sri lankans Mon Jan 06, 2020 7:36 pm

ColomboCSE

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Teller wrote:See the Apple growth .i baught 105$ per share. Today 298$.
And 70% additional gain due to rupee depreciation .

https://www.google.com/search?q=apple+share+price&oq=apple+&aqs=chrome.1.69i57j69i59j0l2.2243j0j4&client=ms-android-hmd-rev2&sourceid=chrome-mobile&ie=UTF-8

@Teller that time my thought was AAPL not much potential... but i was wrong..
did you invested TSLA? TSLA gave me more than 100% https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch

Suranga77 · 6 Re: US Futures markets for sri lankans Mon Jan 06, 2020 8:32 pm

Suranga77

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Thanks a lot guys. Much appreciated

Teller · 7 Re: US Futures markets for sri lankans Mon Jan 06, 2020 9:28 pm

Teller

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I missed TSLA, but i gain With Google Smile

))), now Google is 1300$

Suranga77 · 8 Re: US Futures markets for sri lankans Mon Jan 06, 2020 9:33 pm

Suranga77

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Teller wrote:Trading is not illegal, but SEC doesnt allow any broker firm to do marketing for foreign markets. Personally i trade 4 markets. SEC can not catch me as im a residence visa holder there. Also i have my bank accounts for buying and selling

BTW, Can we transfer (or fund) overseas brokers accounts via banks in SL? or do we have to get special permission from central bank?

thanks