Are you an American citizen living in Israel? If so, you may be facing difficulties with your Israeli bank or brokerage firm. New FATCA regulations have made many Israeli banks, brokerage houses, and mutual funds wary of working with American citizens. If so, you may benefit from opening a U.S. brokerage account.
Many folks appreciate the transparency and efficiency of the American markets (and possibly lower transaction fees) and the opportunity to profit from worldwide markets in both dollar and foreign currencies. Not only can U.S. brokerage accounts improve diversification, but they are protected by SIPC insurance. An additional advantage to Americans living abroad is that a U.S. brokerage account makes FBAR and IRS reporting requirements much easier!
Opening a U.S. brokerage account from overseas is not as difficult as it sounds. Watch this video to find out how:
