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Author: buford2 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 634  
Subject: Re: Discount Brokers Date: 2/11/2000 5:28 AM
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1.) If you are refering to the 40 bit encryption of your browser, go to, Follow the instructions. You will find the neccessary software to upgrade your browser to 128 bit security. You may need to pickup Netscape though,

2.) See the following web sites:

Both have rules for German residents, and non-residents. Read everything very carefully, keep in mind that the German is what counts. Both allow for trade in the US markets as well. Be sure to fill out the 1001 and W8 forms to ensure you are not taxed by the americans too.
Please keep in mind most banks (Deutsche Bank, Commerz Bank, Sparkasse, ...) allow you to buy stocks through them. Just ask them. The fees are not unreasonable. It is a good way to start. For the more active investor, ask them about their internet access, they should allow you to purchase and sell stocks via their web interface.

Keep an eye out for none resident clauses. Should be posted in German, French, Italian and English. Usually require a pretty steep upfron deposit and trades are not very cheap unless done in bulk.

*Swiss accounts, although expensive have the added benfit of not paying capital gains, if you are a non-resident.

Abs-Actions Bourse Système www.absysteme
B*Capital (BNP)
Bourse Direct
Banque Cortal (BNP-Paribas)
CPR-E*Trade or
Direct Finance
Fimatex (SG)
Open Bourse (Banque Worms)
Portzamparc ?
Richelieu Finance
Wargny Bourse
WEBroker (CCF)
As you can see there are several sites in France, but I find the language a barrier. Not sure on the tax code for nonresidents. but from what I can tell it is pretty bleak for residents.

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