Brokerage Services for Indians

Getting Started with Alpaca
1

Hi,
I am living in India (citizen / tax resident) and since I come from India, I would like to know if I can do the following or any of the activities below would be restricted:

  1. Can I Send money (in USD) from my TransferWise account to fund my Alpaca account (the Gnerate Funding Details button is greyed out for me in my Alpaca Dashboard → Banking → International Transfers)?
    1a.) what are the fees for deposits and withdrawal from TransferWISE?
  2. Are there any fees for buying and selling stocks in my Investing account?
  3. Can a friend (living in the UK or USA) transfer his invested shares (on his Alpaca account) to my Alpaca account?
  4. Can I invest or trade in crypto currencies in your platform?
  5. Can I trade US Stocks (both LONG and SHORT trades ) on margin / leverage?
  6. Can I trade (both LONG and SHORT trades ) commodities like XAUUSD and Forex on leverage / margin?

Best Regards

2

Hi @trader_drk

  1. yes, you can deposit using Wise. Please find the wire detail below:
    Alpaca – Crypto, Stock Trading API
    Screen Shot 2022-12-08 at 12.28.50
    Screen Shot 2022-12-08 at 12.28.501538×826 36.4 KB

1 a.) what are the fees for deposits and withdrawal from TransferWISE?

1804×454 39.7 KB

2. Are there any fees for buying and selling stocks in my Investing account?
We don’t take any fee from your trade, the fee is coming from regulator (REG and TAF): Alpaca Support - What are the regulatory fees?

3. Can a friend (living in the UK or USA) transfer his invested shares (on his Alpaca account) to my Alpaca account?
I need to confirm it first to the team

4. Can I invest or trade in crypto currencies in your platform?
Yes you can, here is the supported crypto assets: Alpaca Support

5. Can I trade US Stocks (both LONG and SHORT trades ) on margin / leverage?
Yes you can. But for short and margin, you will need a minimum $2,000 account equity: Margin & Short Selling | Alpaca Docs

6. Can I trade (both LONG and SHORT trades ) commodities like XAUUSD and Forex on leverage / margin?
Currently we only support US stock, ETF and Crypto

1 Like
3

@trader_drk

A confirmation for your #3 questions,

Per Compliance,
With a signed LOA we can allow it. Principal approval would be needed as well.