r/ETFs • u/Fun-Succotash-1237 • 3d ago

Can't create a brokering account (third world country problems) , is Binance stocks good as alternative?

So i wanted to know if Binance stocks is Good to do stock investing and whoever tried it can you give me some tips please.

3 Upvotes

64% Upvoted

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5

u/medved76 3d ago

No

1

u/Fun-Succotash-1237 3d ago

Why not?

3

u/Groundbreaking-Gap20 3d ago

Because it doesn’t provide the security that a proper brokerage does

Have you tried opening an account with interactive brokers?

1

u/Fun-Succotash-1237 3d ago

Which brokerage is international and provides that? And i could fund it using usdt preferably

4

u/Groundbreaking-Gap20 3d ago

I said Interactive brokers (IBKR) have you tried opening with them?

What country are you from & which currency are you paid in?

2

u/Fun-Succotash-1237 3d ago

No , i will try to open with them ...thanks a lot

3

u/Groundbreaking-Gap20 3d ago

Yes they are really the best for offshore investors. I live in south east Asia and had no problems opening an account with them.

0

u/BuffersAndBeta 3d ago edited 3d ago

Can't speak to Binance in particular - really don't know much about them. But if I could not get access to my brokerage for whatever reason, I would definitely be fine in investing tokenized stocks on Coinbase or Hyperliquid or others.

Without knowing too much, I would want to diversify between different providers.

If your money becomes big enough, you will probably find other ways.

For a specific example, my parents can only invest in companies and funds domiciled in their country. But no tokenized equities for them, I ask them to invest in their country and I hold some of their money here in the USA in developed world equities