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Hi

Which online / discount brokers would you advise for a NON US citizen who is NOT resident in America ?

Priorities are

1. Safety of principal [what are the SIPC limits ? ]
2. reasonable commissions, lower the better but (1) above is most important
3. ok / so so web interface should be good enough as ... i do my own research

TIA
regards

Subu
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Hi Subu,

I am in the same boat as yours, also searching for an online broker and will be following your post.
Did you get much reply yet?

Rgds

Frederic
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Hi Fredric

As you can see from the thread [whole thread] I have NOT got any reply so far !

Lets wait and see


regards
Subu
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Ameritrade worked for me until they decided they didn't want to do business with people who live in my country. Now I'm applying to Charles Schwab.

http://finance.yahoo.com/news/schw-amtd-shut-european-biz-16...

Denny Schlesinger
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See the thread just above this one. Zecco and Interactive Brokers are, I believe, both options.
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hello there, I have just been informed that eTrade will shut down my account by the 7th of January. I am resident in Italy so I have to find another solution to trade options on the US market.

Does anybody know a good online option trading broker that accepts non-US residents?
thanks
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Hey Subu,

Why don't you look at Interactive Brokers. They seem to fir your choice. Although, the minimum deposit is on a higher side.
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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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