Brokers for US citizens outside the US

OPG said:
What exactly are you looking to trade? If you want to trade US stocks, there are many many brokers you can open an account with. If you like TDA, just ask them with one of those online chat with agents. I personally like interactive brokers as their commission is much cheaper for trading 100-500share lots. But they do require much more than $500 to open an account.

If you are looking to day trade stocks, US stocks won't be a good idea from your location unless you are a night owl. Plus you do need to fufill PDT rule. Otherwise, 3 roundturns max per week as mentioned.

Korean stock market doesnt have a PDT rule, and should be easier for you to start with. Plus their commissions are percentage based at say .005% or something like that. Much cheaper for small accounts to trade. I hate their platforms though.

Best of luck.
More...

Can't open an IB stock account with $500...
 
https://www.interactivebrokers.com/en/index.php?f=salesInfo&p=sa


http://international.schwab.com/public/international/us_investing



https://global.etrade.com/glp/hk/en/home

"
IMPORTANT NOTICE:
ETRADE Hong Kong Has Discontinued Brokerage Operations

Effective 10 March 2016, ETRADE Securities (Hong Kong) Limited ("ETRADE Hong Kong") has discontinued its brokerage operations in Hong Kong and surrendered its Hong Kong Securities and Futures Commission licences.

If you're a current customer of E*TRADE Securities, please log on to access your account. If you have not yet provided acknowledgement of the impact of the closure of ETRADE Hong Kong on your account, you will have the opportunity to do so once you log on.

Looking for information about a closed account? Simply log on using your most recent user ID and password to access prior account statements or other documents.

.global-footer-content { margin:0px auto !important; width:940px !important; } .footer-disclosures { clear:both; margin-top:43px !important; padding-bottom:50px !important; text-align:left !important; } .footer-disclosures h4 { color: #000000; font-family: Arial; font-size: 15px; font-weight: bold; text-transform: uppercase; }
 
cashclay said:
But what abouut my question below. I think ameritrade doesnt have a restriction to the amount you need in order to open an account.
I live in South korea. I see you represent light speed. Is this possible with lightspeed?
More...

Just keep saving your money to make a bigger deposit above the 25K requirement so that you don't have to worry about the PDT rule.

If you can't, find other markets (not stocks) that don't have a PDT rule.
 
wrbtrader said:
Just keep saving your money to make a bigger deposit above the 25K requirement so that you don't have to worry about the PDT rule.

If you can't, find other markets (not stocks) that don't have a PDT rule.
More...
I agree save up and practice until you have enough, Futures may be an option. I live in Asia and have had several accounts in the USA, Tradestation, AMP, IB, Cannon, TOS all come to mind. Deepdiscounttrading.com is another.
 
OPG said:
Korean stock market doesnt have a PDT rule, and should be easier for you to start with. Plus their commissions are percentage based at say .005% or something like that. Much cheaper for small accounts to trade. I hate their platforms though.
More...

In some country like Korea, commission is proportional to the amount of tarding.

For example, trading cost to buy 1000 shares of $10 stock, is same as 1000 different priced stock for each $10.

If you have trading logic to enjoy splitting, then you SHOULD have advantage which is NOT possible in US market.
 
jk90029 said:
In some country like Korea, commission is proportional to the amount of tarding.

For example, trading cost to buy 1000 shares of $10 stock, is same as 1000 different priced stock for each $10.

If you have trading logic to enjoy splitting, then you SHOULD have advantage which is NOT possible in US market.
More...
Sounds similar to the Philippines where I now live. I trade both the US and PI markets and have found that when the market makers make a move it is very easy to follow. Also the one ETF here must buy and sell daily to keep the percentages equal to match the PSE. If Korea does the same it may work to follow the ETF/MM when they begin buying and selling to equal out their funds by end of day. Here it is like clockwork and is an easy scalp minimum depending on the move. Take a look it is a great strategy so far. you can judge their move ahead of time and just wait for their buying or selling to begin because you already know where they must be by end of day.
 
You must log in or register to reply here.
Back
Top