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.
Below we will review one American company that welcomes international investors - OptionsXpress.
OptionsXpress is part of one of the largest and best known discount online stock brokers in the United States - Charles Schwab. It allows clients
to invest in almost all imaginable investment products: stocks, options, mutual funds, bonds, futures, options on futures, covered calls, and ETFs.
Upon firm's review and at their discretion they accept unsolicited accounts from non-U.S. residents. Although their account opening process is
geared toward opening accounts for persons with a U.S. domestic address, they will review and open foreign accounts depending on the country of
residence and at their discretion. Please note that it's are a U.S.-based broker. They offer only U.S. exchange traded products and accept only
U.S. currency in their customer accounts.
The list of countries residents of which can open an OptionsXpress account is impressive: Argentina, Australia,
Austria, Bahamas, Belgium, Belize, Brazil, Bulgaria, Canada, Cyprus, Czech Republic, Denmark, Egypt, Estonia,
Finland, France, Germany, Gibraltar, Greece, Guatemala, Hungary, Iceland, India, Indonesia, Ireland, Israel,
Italy, Lebanon, Liechtenstein, Lithuania, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway,
Panama, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland,
Thailand, United Arab Emirates, United Kingdom, Venezuela.
OptionsXpress provides free educational seminars, research tools, great trading platform/tools, free streaming quotes and virtual trading. The company
doesn't have surcharges on penny stock trades, large orders or extended hours trading.
There are no fees to open the account, and no minimum initial deposit: Cash Account can be opened with USD $0,
and USD $2,000 is required for a Margin Account (or a deposit of securities).
We recommend OptionsXpress as a top online stock trading account for international, non-U.S. citizens investors (foreign countries residents).
Read full Review of OptionsXpress.
Best International Online Broker Advantages
- Best customer service
- Many well-designed trading tools and cutting-edge trading technology
- Free streaming quotes
- Great research
- Free virtual trading
- No money down to open new account
- Free account transfers
- Free instructor-led online classes
- Free broker-assisted trading
- Free DRIP: dividend reinvestment plan (contact customer service to set up)
- No platform fees
This article was updated on 2/26/2014.