|Stocks and ETFs flat-rate plan|| $9.99 (1 to 9 trades/month); $7.99 (10 to 29 trades/month); $6.99 (30 to 99 trades/month); $5.99 (100 to 199 trades/month); $4.99 (200 or more)|
|Stocks and ETFs per-share plan|| $0.01 per share first 500 shares, $0.006 per share after that|
|Options per contract plan|| $1.00, no base or ticket charge, market or limit orders|
|Options per trade plan|| $9.99 + $0.70 per contract (1 to 9 trades/month); $7.99 + $0.50 per contract (10 to 29 trades/month); $6.99 + $0.40 per contract (30 to 99 trades/month); $5.99 + $0.30 per contract (100 to 199 trades/month); $4.99 + $0.20 per contract (200 or more)|
|Futures|| $0.25 - $1.20 per side, per contract + exchange, regulatory & overnight fees|
|Mutual funds|| $14.95|
|Bonds|| $14.95 + $5 per bond|
|Forex||commission-free with tight spreads and fractional pips|
|OTCBB|| $9.99 (100,000 share position maximum)|
|Pink Sheet Stocks|| $9.99 (100,000 share position maximum)|
|Investments|| stocks, options, mutual funds, bonds, futures, T-Bills, OTCBB, Pink Sheet Stocks, Forex, ETFs|
|Tradestation minimum deposit to open account|| $5,000 for non-daytraders, futures and forex accounts, $5,500 for futures and forex IRA accounts, and $30,000 for daytraders|
Best International Investor Brokerage Firm
If you are a non-U.S. investor wanting to invest in U.S. stock market and open an account at an U.S.-based brokerage firm, your search might be frustrating. Most companies
either don't accept foreign countries investors or have very unclear information on requirements about which non-U.S. clients they accept.
Even worse, many U.S. brokerage firms, such as Etrade, Fidelity and Scottrade, are cancelling accounts of U.S. citizens that have been living outside of the
country for longer periods of time. They are required to do so by law. Below we will review one company that welcomes international investors - TradeStation.
TradeStation is part of one of the largest securities brokerages in Japan, that provides online investment and trading services for retail and institutional customers around the world
through its subsidiaries, including U.S. and Europe. The firm allows clients to invest in almost all imaginable investment products: stocks,
options, mutual funds, bonds, futures, forex, ETFs and others.
TradeStation's direct-access platform is one of the best we've seen! The company is one of the very few online brokers offering automated trading.
Firm's technical analysis and back-testing software has been recognized as the most popular
among futures traders for many years. All the tools are fully customizable.
Unlike companies that charge international, non-US investors much higher fees than Unites States based clients, TradeStation provides the same pricing for all customers.
It offers clients active online trader community where members can ask questions, learn from more experienced traders, and even get investment ideas.
Perhaps the most interesting aspect of TradeStation is the TradeStation Simulator, which allows members to test their trading plans and
ideas in real-life simulated scenario without actually risking anything.
Users can create different custom trading strategies and do back testing to improve those strategies before trading. They can even
follow multiple market trends and plan strategies accordingly. All of this is possible through a comprehensive database, consisting
of historical market data and analysis that the platform offers.
There are numerous Webinars available throughout the week to keep customers in touch with the markets, from a weekly futures market outlook
to a daily stock-market session.
In 2015 TradeStation was named the Best Brokerage for International Investing by Barron's Magazine. We recommend TradeStation as a top online
stock trading account for both U.S. citizens looking to invest or trade on international exchanges and for non-U.S. citizens investors
(foreign countries residents).
Best International Online Broker Advantages
- Low commissions for active traders
- Great direct-access platform
- Best charting package
- Trading modeling functionality
- Rich selection of investment products
- Active online trader community
- Good mutual funds pricing at $15 per transaction
Best International Online Broker Disadvantages
- $99.95 monthly fee if not traded at least 5,000 shares in previous month (or 50 options contracts a month; or 10 round-turn futures or futures option contracts;
or 50 round-turn single stock futures). Fee also doesn't apply for accounts with $100,000+ balance
- High stock and ETF commissions for those who don't trade a lot
- Direct routing up to 1,000 shares is no additional charge, $0.004 per share thereafter
- $35 annual IRA fee
- Steep learning curve to master the trading platform
- Only about 100 mutual funds available
- Minimum amount to open account is high: $5,000 for non-daytraders and $30,000 for daytraders
This article was updated on 8/10/2015.