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Author: Hazhad Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 244  
Subject: Re: Anybody know ETA... Date: 2/21/2000 1:56 AM
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Hi all

I am so sorry that I found this board so late. I have been a fool for nearly 2 years and have been trading in US stocks for more than a year now. I live in Qatar and am an NRI. I, like many other NRI's had my doubts about trading in the BSE and NSE. I feel that it is not as transparent as US trading. But now I see changes and would like to venture into the Indian stock trading. But before that I have a few doubts and would appreciate if anybody out there could clarify them for me.

1. What is ADRs.
2. Can I buy INFY, SIFY, IC.d through Datek.
3. What other Indian stocks are listed on the NYSE/NASDAQ
4. Is there any ebrokers in India through whom we can trade stock (like Datek etc.). What are their trade fee/commission? Have any of you done business with them and if yes, how reliable are they in placing your order etc.

I would appreciate any help in the above matters.

While I was reading the old messages I came across couple of messages asking about trading in US stocks from UAE. I live in Qatar which is very close to UAE. To trade in US stocks you have to open an account with one of the ebrokers in US like Datek, etrade etc. You will have to fill out their form (you can get these online from their respective sites) and send it together with the W8 form. If I remember correctly you need to deposit at least $3000 to start an account. Datek charges $9.99 for a trade of up to 500 stocks. I have my account with them and they are very reliable. So far I have no problems with their service. Do your own research please. Once you have your account they provide you with a password and you can begin trading. Hope this helped. I also do DRIPs. Fool.com has a section dediated for DRIPs. Read them and there are several boards for DRIPs too, which is very informative.

This is a great board. Keep it up you all. And happy trading and sorry for the long post.

H
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