IB : how do non-Indians trade Indian markets?

J

joesan

Recently IB began to offer Indian products to non-Indian customers. ( commisions seems to be much more competitive than local brokerages ) I checked but did not see how do foreiners register to trade Indian products ? £¨ Cannot set it up in the Account Management page ).
 
Quote from zybex:

They expanded their offer to non-resident Indians so you still need to have Indian citizenship to qualify.
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This seems rather contradictory. Would you elaborate?
 
Ok. I think I misunderstood IB Communique. To trade
on National Stock Exchange of India through IB you have to be either Indian resident or if you are not resident you need to have NRI status.
So this new offer does not apply to non-Indian customers, it applies only to people with NRI status.
I guess Indian citizenship is not necessary but NRI status is.
 
Quote from Eight:

Take an Indian to lunch...
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I'll pass. Don't want to deal with people who blame others for their failure and their emasculation (if you know who I mean).
 
Indian citizenship is necessary. You can only be an NRI if you have an Indian passport. India does not recognize dual citizenship. So an Indian citizen residing in US on a permanent residency qualifies.


Quote from zybex:


I guess Indian citizenship is not necessary but NRI status is.
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Quite a broad brush you have there. I guess generalization can be applied to anyone.

Quote from cstfx:

I'll pass. Don't want to deal with people who blame others for their failure and their emasculation (if you know who I mean).
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Quote from screenstruck:

Quite a broad brush you have there. I guess generalization can be applied to anyone.
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No, very specific brush. If you read the forums, you would know of whom I refer.
 
I would check with IB directly and throw lots of questions to them. It does not sound practical to deny non-NRIs a chance of investing.
 
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