How can a Chinese citizen living in Beijing buy stocks in the USA, or Canada?

Question: I have Chinese friends living in Beijing that want to buy USA and Canadian stocks, but don't know how they can do it. I called Merrill Lynch in Hong Kong, but they require $1,000,000. minimum account, are there other brokers that can do this for small Chinese investors?

Answer:
The same way we can buy stocks in China or Brazil or India. You have to know the stock and what the suffix is on the end of the stock. See link for various exchanges.
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Open an account at Scottrade. The minimum requirement is $500, and they have a Chinese website too. They charge $7 for market orders and limit orders regardless of how many shares you trade. With Scottrade, you can trade stocks, mutual funds, gold, silver, almost anything you wish. You must have internet access to view your portfolio and make trades. (If you mention that I recommended Scottrade to you, then you and I both get 3 free trades.)

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