Accounts for Non-U.S. International Residents at Fidelity Investments in 2021

Fidelity For Non-U.S. Residents

Fidelity is one of the companies that do accept account applications from non-U.S. residents aliens (including EU citizens).

Fortunately, there are U.S. brokerage firms that welcome international investors - Firstrade and ZacksTrade. If you are a citizen of one of the following countries - Australia, Belgium, China, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, South Korea, Mexico, New Zealand, Poland, Singapore, Spain, Taiwan, United Kingdom (Great Britain) - then click here and read 2021 Firstrade Review.

Citizens of all other countries should check out ZacksTrade. Learn more about the company in the 2021 ZacksTrade Review.

Open ZacksTrade Account

Open ZacksTrade Account

Open Firstrade Account

Open Firstrade Account

Trading Platform

Buying and selling financial instruments takes place on IB's desktop platform Trader Workstation. This software offers a lot of advanced features, and as such, it does take time to learn and master.

In the upper-left corner sits the order ticket. Typing in a ticker symbol produces a drop-down menu with several choices. For example, when we typed in ‘AEP' for American Electric Power, we got selections for stocks, futures, options, CFD's, and bonds. We also saw selections for Atlas Engineered Products and Anglo-Eastern Plantations on the London Stock Exchange.

Interactive Brokers Review

Below the ticker box are buy and sell buttons. Sell is represented by red, although blue is used for buy. The bid-ask spread is shown, and below here sits more trading attributes. Quantity can be specified. The default order type is limit, but this can be changed to a variety of others, such as market, stop, trailing, adaptive, on-close, snap, and a few others.

Time in force can be set to day or GTC. There is also an option for ‘fill outside RTH,' which fills the order outside of regular trading hours. An order can also be set to fill only during the pre-market session.

Below the order ticket sits a brief summary of a ticker symbol's vital data. This includes the day's high-low range and the 52-week range. There is earnings information (specifically EPS and P/E) along with valuation figures.

Equity orders can be routed to specific exchanges or you can use IB's default choice, which is SMART. Some of the specific choices include CBOE, EDGEA, NYSE, and ARCA.

To the right of the summary sits a medium-sized chart. It can be expanded to fill the width of the screen, and this helps immensely to perform technical analysis. There are several studies available; we counted over 100. Some of the available choices include fast stochastics and MA crossover.

We found Trader Workstation’s charting program easy to use and customize. One nice feature is the ability to right-click on a chart and get a menu with several selections, including buy and sell buttons.

Interactive Brokers Trading Review

One feature on Trader Workstation that we really found helpful was the integration of iBot. We were able to issue commands, such as ‘FB chart,' and it would show us a chart of Facebook and give us several time frames to choose from. We could also type in something like ‘account balance,' and it would return the correct figure. This is a helpful feature if you're new to the platform and can't find something.

Speaking of not being able to find anything, we weren't able to find option chains, but eventually found them in the order ticket. In the upper-right corner, there is a selection of choices for the entered ticker symbol. Choosing ‘option chains' produces a pop-out window of open interest.

Interactive Brokers Charting Review

Calls and puts are displayed with bid and ask prices and sizes. Volume is also shown. There is a strategy builder at the bottom that has several multi-leg strategies. We found the tool difficult to use. Instead of an entire iron butterfly being automatically populated, for example, you have to click on each contract. This requires you to have a good knowledge of where the legs should be. There's a small payoff chart displayed next to the legs, and option orders can be sent to specific venues (as with stocks).

In the same menu where we found option chains, there is Market Depth. This is similar to Level II quotes. We found ECN's and market makers with bid and ask sizes at specific bid and ask prices. Horizontal lines are color-coded for easier viewing. Clicking on a bid or ask price within this window creates an order ticket where an order can be quickly submitted.

Interactive Brokers Platform Review

Countries Accepted

If you are an international investor from one of these countries - Belgium, China, France, Germany, Ireland, Israel, Italy, Japan, South Korea, Mexico, New Zealand, Poland, Singapore, Taiwan, United Kingdom (Great Britain), Argentina, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Brazil, Brunei Darussalam, Bulgaria, Canada, Cayman Islands, Chile, Colombia, Comoros, Costa Rica, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Dominican Republic, Estonia, Finland, Greece, Hungary, Iceland, India, Indonesia, Iran, Iraq, Jordan, Kazakhstan, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Monaco, Mongolia, Netherlands, New Zealand, Norway, Oman, Pakistan, Palau, Panama, Paraguay, Peru, Philippines, Portugal, Puerto Rico, Qatar, Romania, Russian Federation, Saudi Arabia, Singapore, Slovakia, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Arab Emirates, Vietnam - then go to ZacksTrade »

Open ZacksTrade Account

Open ZacksTrade Account