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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » US Futures markets for sri lankans

US Futures markets for sri lankans

3 posters

Go down  Message [Page 1 of 1]

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

Suranga77


Stock Trader

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

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

Teller

Teller
Moderator
Moderator

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

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

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics

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.

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

Teller

Teller
Moderator
Moderator

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

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

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics

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%   cheers cheers cheers  https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch

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

Suranga77


Stock Trader

Thanks a lot guys. Much appreciated

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

Teller

Teller
Moderator
Moderator

I missed TSLA, but i gain With Google Smile))), now Google is 1300$

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

Suranga77


Stock Trader

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

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