Recent content by NYtrader920

You are 100% incorrect. Exchanges like NYSE, EDGX, ARCA, BATS all have maker/taker models for pricing. meaning they pay the person that adds liquidity and then charges those that take liquidity more. They pay for order flow for the SOLE purpose of attracting liquidity. TradeZero routes your...

Check out www.tradezero.co Free trading of US markets and 6:1 intraday leverage

What you need to do is move your money to a broker that allows you to trade and keep your funds in USD only doing the conversion when you want.... Not after every trade or settlement.

Why would anyone ever go through all of that trouble? That sounds crazy.

I've been with them for almost a year. What you see is what you get. I have a $20k account there. No PDT and with my swing trading style, I rarely pay commissions. I have taken wires at least once a month. I would highly recommend them.

Take a look at TradeZero. You wire funds in, you keep your account in USD until you are ready to withdraw. I use them to trade and they offer commission free trading.

You can always work with an offshore BD like TradeZero that not only allows non US citizens to trade the US markets but they also give me 6 to 1 leverage. I also trade there for free

Nothing fishy. Been there for over a year and all is good. They clear with a US clearing firm and no PDT. they do not accept US citizens however, but we trade DMA with US markets so there is no opportunity for them to take the other side. All my limits are represented by EDGX or NSDQ.

This is not accurate. I trade at TradeZero and there is no PDT and I trade US stock markets.

Minimizing trading fees.

TradeZero is also Bahamas based, offers US market trading but does not deal with US traders. May be worth a look if that is a concern... Especially to people in Canada, that has an incestuous relationship with the IRS.

I totally agree with all of @d08 posts on this topic. All valid. All items to be considered when dealing with non US BDs offering Us market access.

They are insured through Bahamas First General which is rated as excellent, A- by A.M. Best Company. Obviously anyone should do their due diligence as I have, but this is a perfect fit for me and any non US person, in my opinion.

That's not always true. My broker has account insurance that protects against them going out of business. I would not have opened otherwise.

Yes there are a few that I can think of. For one they do not apply pattern day trading rules, and I opened with $10k. Another is that this broker in particular offers me 6:1 leverage for my intraday trading.