A brokerage account allows the holder to purchase portfolios, bonds and other kind of investment vehicles. The holder will be able to trade the markets around the world, including North America. Equities, options, futures, forex, mutual funds and others can be traded with an offshore brokerage account. Being offshore, means it is tax-free. Aside from privacy and security, an offshore company could also lower the cost needed to start a company. Unlike other types of brokerage, the government has no interference. Although putting your funds in an offshore bank account is a smart way to earn money, investing it is even smarter but risky. The main advantage of brokerage accounts, opposed to bank accounts, is that they can hold and transact in stocks, instantly and online.
Through brokerage accounts a number of investment vehicles can be obtained:
- Mutual funds