US Broker who will open an account for an Australian citizen.

Apollo13

Apollo13

Hey all.

I am currently using Interactive Brokers for stocks and am reasonably happy with them.
They are cheap for trading at my level of business so that's fine.

However, I would like to try another broker. Preferably someone with a more "modernised" platform. Happy to pay a little more for something modern.

TWS looks and behaves like it was designed by committee sometime in the 90's.

Don't get me wrong, it does stuff ... lots of stuff. But it has a 1500 page manual for a reason and even though I have been using it for a few years it's still painful to use.

Looking for a big name ... large cap ... 15B+ broker.
 
Apollo13 said:
Don't get me wrong, it does stuff ... lots of stuff. But it has a 1500 page manual for a reason and even though I have been using it for a few years it's still painful to use.
More...

Have you ever thought about developing some custom software for just your specific use cases using the TWS api?

I been running TWS daily since 2004 but never use it directly. Have my own simple GUIs that sit in front of TWS and do exactly what i want and no more.
But TWS is still there if needed as well.
 
Last edited:
I have. I then thought better of it. I looked at attaching Ninja trader to it for a while.
Not really ideal. Would rather just have a platform that worked right out of the box.
 
Thanks for giving me the heads up for Lightspeed.
Will do some checking.

I had a PM for Charles Schwab ... so am looking at them also and they do take Aussies which is good. 25k Min .. which is fine.

For anyone that needs to know.

Brokers that do NOT take on Aussie clients.

E*Trade (US not ANZ's Version)
TD Ameritrade.
Think or Swim

Brokers that are unknown
Fidelity (claim to but don't pick up the phone).

Will update this post as I investigate more.
 
Apollo13 said:
Thanks for giving me the heads up for Lightspeed.
Will do some checking.

I had a PM for Charles Schwab ... so am looking at them also and they do take Aussies which is good. 25k Min .. which is fine.

For anyone that needs to know.

Brokers that do NOT take on Aussie clients.

E*Trade (US not ANZ's Version)
TD Ameritrade.
Think or Swim

Brokers that are unknown
Fidelity (claim to but don't pick up the phone).

Will update this post as I investigate more.
More...

We can offer PMA for those that qualify with Accounts starting with $175,000 USD.
 
At the risk of appearing stupid. PMA ?
As for 175k .. is that a continuous account size including holdings ?
If it goes down what happens ?
 
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