# Brokerage Services for Indians

**URL:** <https://forum.alpaca.markets/t/brokerage-services-for-indians/11295>\
**Category:** Getting Started with Alpaca\
**Created:** [December 8, 2022, 3:58am UTC](https://forum.alpaca.markets/t/brokerage-services-for-indians/11295 "2022-12-08T03:58:07Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![trader\_drk](https://avatars.discourse-cdn.com/v4/letter/t/4da419/32.png) [@trader\_drk](https://forum.alpaca.markets/u/trader_drk)\
**Post date:** [December 8, 2022, 3:58am UTC](https://forum.alpaca.markets/t/brokerage-services-for-indians/11295/1 "2022-12-08T03:58:07Z")

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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

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**Author:** ![Radzi\_Purba\_LPCA](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.alpaca.markets/radzi_purba_lpca/32/4297_2.png) [@Radzi\_Purba\_LPCA](https://forum.alpaca.markets/u/Radzi_Purba_LPCA)\
**Post date:** [December 8, 2022, 5:31am UTC](https://forum.alpaca.markets/t/brokerage-services-for-indians/11295/2 "2022-12-08T05:31:19Z")

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Hi @trader_drk

1. yes, you can deposit using Wise. Please find the wire detail below:  
[Alpaca – Crypto, Stock Trading API](https://app.alpaca.markets/brokerage/banking)  
 ![Screen Shot 2022-12-08 at 12.28.50](https://us1.discourse-cdn.com/flex020/uploads/alp/original/2X/8/80435a0cdc89c8f9cec431a8c8ffa9cbb3b5bf97.png)

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

> **[4.17.2020+Alpaca\_Fee\_Schedule\_V2.pdf](https://files.alpaca.markets/disclosures/4.17.2020+Alpaca_Fee_Schedule_V2.pdf)**
>
> 220.00 KB

 ![](https://us1.discourse-cdn.com/flex020/uploads/alp/original/2X/a/adceeff088ed9774e71bd03ec47bfcbdb1f724bd.png)

`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?](https://alpaca.markets/support/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](https://alpaca.markets/support/what-cryptocurrencies-does-alpaca-currently-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](https://alpaca.markets/docs/trading/margin-and-shorting/)

`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

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<div class="post-metadata">

**Author:** ![Radzi\_Purba\_LPCA](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.alpaca.markets/radzi_purba_lpca/32/4297_2.png) [@Radzi\_Purba\_LPCA](https://forum.alpaca.markets/u/Radzi_Purba_LPCA)\
**Post date:** [December 8, 2022, 2:22pm UTC](https://forum.alpaca.markets/t/brokerage-services-for-indians/11295/3 "2022-12-08T14:22:33Z")

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@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.
