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trading from a foreign country
- Thread starter blackguard
- Start date
At this time, You can trade equities on Nasdaq, NYSE, & AMEX on all 4 of our platforms. We hope to release a platform for futures by the end of the this year or early next year. I can guarantee that our commissions will be competitive along with an exclusive deal for ET Futures traders.
Quote from XoomSupport:
blackguard,
We have a lot of international traders that trade out of Asia. They really like the fact that they get the same real time quotes and fast executions that domestic traders receive. We also have extremely competitive commission schedules and the new account paperwork is simple.
Visit our website for more information on our company, trading platforms, commissions, etc.
Best Regards,
XoomTrade Support
www.xoomtrade.com
email: support@xoomtrade.com
ok xoom, I will check it out. TY 4 the info.
I have friends who are doing trading from the far flung areas in Asia. two things to consider are.
1. technical (internet speed available) , if you dont have good conection then forget the power trading tools.
2. Banking ( wiring funds in and out is always a hassle) and wire is the only way I would suggest, cheques no way.
and if you are not a us citizen then u need to file a w-8 form with your application, u need to research on the tax filin process, and based on your country's pact with the US/irs. for US citizen there is another process.
to start with I would suggest e-trade/ ameritrade / scot trade, because if you dont trade u dont pay any fees ( depending on the minimum limit ) Pl read the fine line before signing ( different price for Mkt order and Limit order), But it depends on how many trades u plan to do.
so do your home work before jumping in.
1. technical (internet speed available) , if you dont have good conection then forget the power trading tools.
2. Banking ( wiring funds in and out is always a hassle) and wire is the only way I would suggest, cheques no way.
and if you are not a us citizen then u need to file a w-8 form with your application, u need to research on the tax filin process, and based on your country's pact with the US/irs. for US citizen there is another process.
to start with I would suggest e-trade/ ameritrade / scot trade, because if you dont trade u dont pay any fees ( depending on the minimum limit ) Pl read the fine line before signing ( different price for Mkt order and Limit order), But it depends on how many trades u plan to do.
so do your home work before jumping in.
Velocity Futures, allows u to do it anywhere in the world. And you can trade from one account almost anything.
Quote from simsim:
I have friends who are doing trading from the far flung areas in Asia. two things to consider are.
1. technical (internet speed available) , if you dont
have good conection then forget the power trading tools.
2. Banking ( wiring funds in and out is always a hassle)
and wire is the only way I would suggest, cheques no way.
and if you are not a us citizen then u need to file a w-8 form with your application, u need to research on the tax filin process, and based on your country's pact with the US/irs. for US citizen there is another process.
to start with I would suggest e-trade/ ameritrade / scot trade, because if you dont trade u dont pay any fees ( depending on the minimum limit ) Pl read the fine line before signing ( different price for Mkt order and Limit order), But it depends on how many trades u plan to do.
so do your home work before jumping in.
What do you mean by far flung areas in Asia? Where
is that place? I have been to most Asian and even Middle
eastern countries and can say technology is so advanced
with some countries like Japan, hongkong, Taiwan, S.Korea,
Thailand, singapore, China,...
I used to trade from my hotel rooms with in-room DSL
real fast and sending wire to USA is a 5 minute jobe only,
unless you friend is living in place like Laos, Myanmar, mongolia, ... my apology
Good idea.
some brokers will not open accounts for non-US residents, or only have a few selected countries which they are willing to work with.
One example is MB Trading. They'll only work with US, Canada and a couple of other countries.
Don't believe me? Ask them.
Just ask your broker if he accepts clients from your country. IB surely does
Good trading
50
One example is MB Trading. They'll only work with US, Canada and a couple of other countries.
Don't believe me? Ask them.
Just ask your broker if he accepts clients from your country. IB surely does
Good trading
50
Quote from Nana Trader:
If you are not among citizen of those countries (or living there) that restricted from opening account with US brokerages by Patriotic Act law, then you won't have problem opening and accessing your trading account regardless of where you live in the world.
Some of these countries are Libyia, Sudan, North Korea,
and Canada
DOES ANYONE know IF Generic facilitates opening an account by a non US resident, from like SOuth America or Israel??