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Subject:  Re: Broker for Non Resident, Non American Citize Date:  5/12/2013  2:16 PM
Author:  physdude Number:  50113 of 50490

I use TD Ameritrade and Interactive brokers (non-US citizen or resident).
TD Ameritrade gives some good research but is expensive in commissions
while Interactive Brokers has a better trading platform and really low
commissions. However, you require $110k to get portfolio margin which
is highly recommended. Their Reg T margin accounts are very weird and I
could never figure out why I had to keep on liquidating positions when
it was obvious that there was very little, if any, leverage. On converting
to portfolio margin, I can apparently now hold 10 times as much leverage
which is just as crazy but on the opposite side.

Another point to note is that Ameritrade does not allow futures or forex
for non-residents - this is what made me move to Interactive Brokers.
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