Suretrader vs. Interactive Brokers

Thank you for all the responses. I decided to join Questrade, a Canadian discount broker. They are not subject to the pdt and seem reputable.
 
If not an US, Canada, Hong Kong, Australia or Japan resident then go with IB, there is no PDT rule for CFDs. You can't trade everything but most equity CFDs are available without any headaches.

Suretrader is registered in the Bahamas, therefore no SIPC protection. Good luck getting anything back if things go really wrong. Financial businesses registered in the Caribbean islands have a tendency to go belly up.


There is a pdt rule for Japan accounts. What you are talking about is when you want to trade only japn stocks but no possibility then to trade US stocks.
 
Who knows? You'd think people seeking brokerage advice on ET would be bright enough to enumerate their domicile, account balance, instruments traded, and turnover rate.
 
So if you're not a resident of Japan or any of the above-mentioned countries, the limitations don't apply to you. CFDs don't fall under the PDT rule but it's best to confirm with IB.
You need to know where you're a tax resident in, it's sort of...important.
 
I actually have a IB UK account and although they know I am German and live in Germany etc. they require me to have 25 k at least...I communicated this with German side as well as US.
 
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