Can non-US Residents/Citizens invest in IPOs and Mutual Funds? If so, whats an online broker?

I have contacted Etrade and they transferred my inquiry to the Dubai branch which replied that since I am not a US citizen nor resident, I will not be able to invest in IPOs or Mutual Funds? Can someone confirm or provide a way to be able to invest in those two methods?

You cannot invest in IPOs because no one will offer them to you. Your citizenship has nothing to do with it. IPOs are offered to favored customers by their brokers. Most small investors have no chance to buy them.

You don't need a broker to buy mutual funds. Simply contact the fund, request a prospectus, study it and decide how much you want to invest. Send the money directly to the fund and they will sell you shares in the fund. You should limit yourself to no-load funds. Others may refer you to one of their sales representatives, who will receive a commission out of the money you invest.

You don't need a broker. There are many no-load funds that you can contact directly, obtain their prospectus, and buy their shares directly by sending them a check. For example, try American Century Investments at 1-888-345-7654. Report It

If you go through a broker, you get fewer shares for your money because some of your money pays the broker's commission. Report It

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　　Investment Advice 　　Investment Account 　　Invest Money 　　Invest in Gold 　　Invest Fund 　　Income Fund 　　HYIP 　　High Yield

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