Overseas account at Tradestation

6

6wives

Hi fellas glad i found this community lots of information.
I'm interested in opening an account with a US based broker in order to trade basic strategy in US equities options.
Is tradestation a good place to start?How fast are their payments?
 
6wives,

I work for Lightspeed Trading. We offer foreign accounts for equites. options and futures starting with accounts of $25,000 USD. What do you mean by "How fast are their payments?"
 
I have read some reviews of them and they quote some delays in payments' processing...thanks for the quick response but i think 25K is quite a big requirement for basic options strategies that don't involve selling premium.
 
I have never had an issue with payments if you mean a wire out or a transfer to another broker or bank. Wires have been done within 24 hours most of the time and checks have been within 5 business days for receipt within the USA and about 8 to 12 overseas to my location but I am on a small island a boat or plane ride from the nearest DHL/UPS/FEDEX. That is my experience others may have more to add.
As Robert said, good luck.
 
zdreg said:
Supporting 6wives is not easy. maybe your firm would make an exception for him as far as minimum$ requirements..
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One for each wife? We can do $10,000 USD on Web Trader but this software does not offer option spreads or DMA and you can't DT with under $25,000. He could do a Cash account with Web Trader and trade options from the long side.

On WebTrader, minimum commission of $4.50 will be applied to any options order. Per-share equities pricing not available on WebTrader.
 
6wives said:
Hi fellas glad i found this community lots of information.
I'm interested in opening an account with a US based broker in order to trade basic strategy in US equities options.
Is tradestation a good place to start?How fast are their payments?
More...
There are much better discount brokers for foreign traders.
 
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