No. of Recommendations: 0
chin2chen

For non-US residents there are 2 brokers to my mind that that stand out from the rest:

1. e*trade, because they don’t treat you like an international terrorist as soon as you approach them (see Pat’s post above. I too have been deemed unclean by Ameritrade on several occasions despite being a customer of theirs since the Datek days of the mid-90’s – if changing broker was an easy affair I’d have gone to e*trade 5 years ago).

2. zecco. Free trades! Getting set up a little slow (~4 weeks in total), but it’s worth it for zero commissions over your investing lifetime. I reckon I’ve given Ameritrade ~$8k in commissions over the last 10+ years. It kills me to admit that but I’m older and wider, sorry wiser, now so a ‘trade’ for me is a decision I consider very carefully as oppose to a whimsical mouse click. I’d guess 80% of those commissions were handed over pre-2000 but nonetheless I’m still paying Ameritrade $10 every time I do anything.

Schwab are fine, but expensive.

The patriot act passed by W, post 9/11, has caused numerous (mis)interpretations by several brokers, however, they’re slowly defrosting and allowing ‘aliens’ on board.

My recommendation: www.zecco.com

Rgds,

Emmet
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