Best Online Brokerage Firm for International Investors (Non-US Citizens)
|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; $1.00 minimum per trade|
|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, 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|
|Promotion link||Tradestation promotions|
If you are a non-U.S. investor wanting to invest in U.S. stock market and open an account at U.S.-based brokerage firm, your search might be frustrating. Most companies
either don't accept foreign countries investors or have very unclear information about which non-U.S. clients they will 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 a brokerage company with access to U.S. markets that welcomes international
investors - TradeStation.
TradeStation is U.S. based brokerage firm that is part of one of the largest brokerage companies in Japan, that provides online investment and trading services for
retail and institutional customers around the world (including U.S. and Europe) through its subsidiaries. The firm allows clients to invest in almost all available
investment products, including stocks, options, mutual funds, bonds, futures, forex, and ETFs.
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 their trading 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 also 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 on company's website to keep customers in touch with the markets, from a weekly futures market outlook
to a daily stock-market session.
TradeStation has been 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. citizen investors
(foreign countries residents) looking to invest in U.S. market.
- Very 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
- $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
- $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
Read full TradeStation Review.
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If for some reason TradeStation is not an option, the alternative online broker for non-us citizens and international trading is a company called
Interactive Brokers. The firm has a different set of requirements for new clients, so read
Interactive Brokers review before opening an account.
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Updated on 8/4/2016.