When you live outside your country of citizenship, knowing how best to manage your hard-earned savings and investments can be a challenge. Before you choose a provider, it’s important to consider various factors that could help you benefit from your expat status.
If you open an investment or savings account in a country like Luxembourg, you could gain possible tax-efficient advantages. Luxembourg is also an ‘AAA’ rated financial centre renowned for its stable economy and investor protection, so your assets will be safe.
It makes sense to choose a global provider experienced in servicing the bespoke needs of expat investors. For added reassurance, look for reputable companies with full bank status in highly regulated countries such as Luxembourg. Do you just need the services of a retail bank or would an online investment specialist bring you more benefits?
Based in Luxembourg, TD Direct Investing International is part of the TD Bank Group, a world leader in online investing and one of North America’s top financial institutions. Offering both expat and US expertise - plus competitive rates, comprehensive coverage and unrivalled execution- TDDII provides the perfect solution for expat investors looking for excellent customer service and online access from anywhere around the globe.
When considering which type of investment account to open, think about what features you’ll need and the overall running costs. Compare levels of service, terms and fees and don’t be caught out by hidden charges. If you’re in search of a central hub for all your international investments, you’ll benefit from a single account that’s convenient to access and easy to manage.
The TDDII multi-currency investment account allows you to transfer in and hold up to nine currencies in different sub-accounts at no extra cost. If you need a low-cost way to move money in different currencies easily and efficiently between countries, then this account is ideal. You can reduce foreign exchange costs by settling trades in local money and change cash from one currency to another at competitive rates from just 0.2% with zero commission.
With a TDDII multi-currency account, you can trade stocks and ETFs on 18 global markets from €14.95 and pay no initial charges or commissions on over 900 international funds. If you need a bit of extra assistance, take the expert’s view and diversify your portfolio with TD Recommended Funds or access a wide range of advanced tools and screeners to help you select and monitor your own choice of investments. Exclusive free Morningstar equity research and ideas worth €199 are offered free to help you identify new opportunities and you can keep track of the strengths and weaknesses of your holdings with our Portfolio X-Ray tool.
Expat accounts can vary significantly, depending on where the provider is based, the latest legislation and how the account is managed. It’s worth doing the upfront research to ensure that the account you choose will offer the support you need to meet your investment goals.
If you’re looking for a cost-efficient way to invest internationally and manage multiple currencies, it’s easy to open an account with TDDII. Apply online or call us on +352 2603 2626 from 8am to 10pm, Monday to Friday.