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

If you are unhappy with IB, I would also suggest Lightspeed for you. You will have your choice of software platforms, which seems to be your main concern.
 
Ok.. so I guess the question for you is.
You are listed ? If so what is your symbol and market cap ?
As I said in the first post I am only interested in a large cap broker.
 
Apollo13 said:
Ok.. so I guess the question for you is.
You are listed ? If so what is your symbol and market cap ?
As I said in the first post I am only interested in a large cap broker.
More...

If you are talking to me, we introduce to Wedbush Securities. Wedbush is a family owned self clearing Broker Dealer and FCM with about $165mm in net capital. Look back at BDs that failed. Big did not offer more protection. In fact LB, ML, BS, MFG etc were all large brokers.

Good luck,
Bob
 

Attachments

Robert Morse said:
If you are talking to me, we introduce to Wedbush Securities. Wedbush is a family owned self clearing Broker Dealer and FCM with about $165mm in net capital. Look back at BDs that failed. Big did not offer more protection. In fact LB, ML, BS, MFG etc were all large brokers.

Good luck,
Bob
More...
Hi Robert
Reg client money protection
So wedbush is FCM who offers equity also? does that mean no SIPC protection? becasue FCms are not covered under SIPC
For example IB swips all cash so that it is under SIPC although they offer both Futures and Equity, Having said that they changed all cash a/c retail Australian accounts from US to AUS so no SIPC protection there
By the way you do offer Reg T! for non US clients
 
We do not have Universal accounts with a sweep. Monies at Wedbush Futures are not protected by any type of SIPC. Most of our business is Equities/Options with custody at Wedbush Securities with SIPC and Excess SIPC. We offer Cash, Reg-T margin (2X for DT and 4X for DT) and Portfolio Margin. The only difference as to what we offer domestic vs foreign equity accounts is that we do not offer Master/Sub accounts for foreign accounts, only single accounts. We do for Futures.
 
You must log in or register to reply here.
Back
Top