HiWhich online / discount brokers would you advise for a NON US citizen who is NOT resident in America ? Priorities are1. Safety of principal [what are the SIPC limits ? ]2. reasonable commissions, lower the better but (1) above is most important3. ok / so so web interface should be good enough as ... i do my own research TIAregardsSubu
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?RgdsFrederic
Hi FredricAs you can see from the thread [whole thread] I have NOT got any reply so far !Lets wait and seeregardsSubu
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
See the thread just above this one. Zecco and Interactive Brokers are, I believe, both options.
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
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.
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 lowcommissions. However, you require $110k to get portfolio margin which is highly recommended. Their Reg T margin accounts are very weird and Icould never figure out why I had to keep on liquidating positions when it was obvious that there was very little, if any, leverage. On convertingto 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 forexfor non-residents - this is what made me move to Interactive Brokers.
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