Vanguard for Non-U.S. International Residents in 2022

U.S. Brokers For Non-U.S. Residents

Because of laws and regulations introduced in the recent years, it became increasingly difficult for U.S. brokerage firms to maintain international investors who are non-U.S. citizens or residents. That's the reason American brokerage companies don't accept new account applications from non-U.S. residents.

Vanguard is one of the companies that do not accept account applications from non-U.S. residents aliens (including EU citizens and expats).

Fortunately, there is a U.S. brokerage firm that welcomes international investors - Zackstrade. The company has some of the lowest margin rates in the industry, offers a professional trading platform, and access to 91 exchanges around the world. Learn more about the company in the 2022 Zackstrade Review.

Open Zackstrade Account

Open ZacksTrade Account

For a European brokerage firm, we suggest a company called DEGIRO, one of the largest brokers in Europe. Along with low fees, you get access to more than 50 exchanges across 30 countries.

Open DEGIRO Account

Open DEGIRO Account

About ZacksTrade

ZacksTrade is a brokerage website that offers a web based platform, an Apple App, and an Android app.

There is a $2,500 minimum required to open an account, but there are no inactivity fees assessed and it is free to access all their platforms. You also receive 1 free withdrawal every month, with small additional fees of $1 for each additional ACH withdrawal, $4 for each check withdrawal, and $10 for each wire withdrawal.

There are certain fees associated with making trades on the platform, which we will review now.

ZacksTrade offers per-share commission plan: $0.01 per share with $3.00 per trade minimum for stocks and ETFs plus a reasonable $27.50 charge for mutual funds. Options pricing is at $3.00 plus $0.75 per contract.

ZacksTrade has earned high marks for their trading platform, and no penalties or fees for account inactivity or maintenance. A plus for beginning investors is a free virtual trading platform. Other nice benefits are great mobile trading app and access to most international markets. For traders who frequently use margin (borrow money), ZacksTrade offers some of the lowest margin rates in the industry.

Mobile App

For busy traders, ZacksTrade offers a mobile platform. The phone and tablet app has this annoying name—Handy Trader. The phone platform offers direct access routing, one of the few mobile platforms to do so. It also comes with charting. Quotes are delayed, live streaming quotes come with a fee. Besides options and equities, bonds and mutual funds can also be traded.

ZacksTrade Mobile App Review

Price alerts can be set up; these come with e-mail notification. Watchlists are integrated. If the phone rings while using the app, you can answer the call, and then go back to the app without having to log back in.

ZacksTrade TableTrader Review

TabletTrader has the same features as the phone platform, but with more room. There is also an app for Apple Watch.

International Brokerage Accounts

ZacksTrade offers a brokerage account to investors who aren’t permanent residents or citizens of the U.S. and don’t have a Social Security number or tax ID number. Residents of some countries are not eligible: Canada, Australia, Hong Kong, and Japan.

Open Zackstrade Account

Open ZacksTrade Account

About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for, Chad can usually be found managing his portfolio or building a new home computer.