ELI5: Explain Like I'm 5

Offshore stock broker

Okay, kiddo! So, an offshore stock broker is like a friend that helps you buy and sell things called stocks. These stocks are like little pieces of a big company that you can own if you give the company some of your money.

Now, this friend, the offshore stock broker, doesn't live in the same country as you. They live in a faraway place that's called an "offshore" location. But, they can still help you buy and sell stocks just like a friend who lives near you.

The reason some people choose to work with offshore stock brokers is that they might offer different things than the ones who do live near them. They might have lower fees, which are like little payments you have to give your broker for helping you buy and sell stocks.

But, it's important to know that not all offshore brokers are the same, and some might not follow the same rules and laws as those who live near you. That's why it's crucial to do your research and make sure you work with a good and trustworthy offshore stock broker.

Does that make sense, kiddo?