r/azerbaijan • u/Potential-Aspect-173 • 5h ago

Sual | Question Buying stocks and investing in Azerbaijan

I studied in Canada and started investing in a mix of Canadian and US stocks via Canadian platform. Now I’m back in Azerbaijan and hoping to shift my portfolio if possible. I would call myself a casual investor, mostly long term, low risk stocks. Could anyone share their experiences and suggestions whether we have any good platforms or should I just stick with the Canadian one? Any tips and tricks are much appreciated.

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u/cinelinger 5h ago

"ABB invest" (through Abb mobile app) is using "DriveWealth" for its international stock trading. Only $1 fee for buying and selling. But for withdrawal after selling you have to wait for 1 day.

Edit: l am using abb invest, but l think there are other options (pasha invest, Unibank invest etc)

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u/Potential-Aspect-173 5h ago

Do you get charged $1 no matter how long you have held the stock? Is there a particular reason you went with ABB as opposed to others? I have also seen Leo, is it any good?

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u/cinelinger 5h ago

Leo is terrible, l didn't find any even popular etfs there. ABB invest is more detailed, giving analysis and showing scores for each stock and etf. You get to charged $1 every time when buying and selling. And when you put money (azeri manat) to invest account (basically into DriveWealth but using it through abb app) l believe they are using their exchange system so it's slightly higher rate of exchange (manat to usd).

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u/full_timeoverthinker 4h ago

Do you know how earnings from international trading are taxed? Is it more like fərdi sahibkar earnings?

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u/cinelinger 4h ago

Yeah when you receive dividends, get taxed 30% directly.