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Author: temen Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 50189  
Subject: overseas American needs broker Date: 10/28/2012 1:55 PM
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Need help: Have been informed by OptionsXpress that they are closing their doors in Europe..and my account with them. And, the same company in the states won't take me on. I'm an American living in France, and no longer have an address in the US. Have tried several other brokers..no joy.

Has anyone had the same experience, and know of an American broker who would take me on. I'm still with Schwab, but at level "o" option capability. I feel I am ready to try some more exotic tactics...and have read carefully options U program.

Would be much obliged for some advice.
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Author: RafesUserName Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 50030 of 50189
Subject: Re: overseas American needs broker Date: 10/29/2012 12:07 PM
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I thought most brokers were fine with this. While I was overseas I used Zecco and then Interactive Brokers. I am still with IB. I know both of these will let you have an account in the US even if you are not a US citizen. So you would be fine. I recommend both brokers so I suggest you simply weigh the fees against the number of trades you expect to make. I think they both have IRAs too.

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Author: RafesUserName Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 50031 of 50189
Subject: Re: overseas American needs broker Date: 10/29/2012 12:10 PM
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I forgot to mention they both have good web-based trading systems, though I remember liking ZEcco a little more. I wouldn't kick one over the other based on this though.

IB will cost you $10-$20 a month (depending on if you want quotes or not) with 10 trades included then $1 per trade. Zecco was $4.50 per trade last I checked. IB has $1 options trades though.

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