Vanguard for Non-U.S. International Residents in 2021

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 are U.S. brokerage firms that welcome international investors - Firstrade and Interactive Brokers. 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 Interactive Brokers. Learn more about the company in the 2021 Interactive Brokers Review.

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Open Firstrade Account

Open Firstrade Account

Firstrade Overview

Firstrade is one of the very few U.S. brokerage firms that offer accounts to non-U.S. citizens. They recently lowered their pricing and now provide the lowest flat-rate commissions on stock and ETF trading - $0 per trade. This makes them the top broker for international investors looking for an American brokerage firm.

Firstrade Pricing

Stocks and ETFs $0
Options $0
Mutual funds $0
Treasury Bills, Notes, Municipal and Agency Bonds, Zeros & Strips net yield basis
CDs $30 for primary market CDs, net yield basis for secondary market CDs

Investments stocks, options, mutual funds, bonds, CDs, ETFs
Firstrade minimum deposit to open account $0
FeesFirstrade fees

Firstrade Advantages

  • FREE stocks, mutual funds, and ETF trading commissions
  • $0 minimum to open an account
  • 11,000 mutual funds to choose from
  • No account maintenance or inactivity fees
  • No annual or setup fees for IRA accounts
  • Free dividend reinvestment plan (DRIP)
  • Easy to use, clean website

Mutual and Exchange-traded Funds

Firstrade gives it clients ALL ETF’s commission-free (including those from iShares, Vanguard, and PowerShares).

The broker has more than 8,000 mutual funds for its clients, some of which come with no transaction fee. Load funds always have no transaction fee. No-load funds that do have a transaction fee are also $0 to trade.

A $19.95 fee is applied to redemptions of fund shares that are held less than 3 months. Furthermore, fund redemptions under $500 are charged a $19.95 fee, unless the entire value of the fund is under $500.

Research and Education Tools

Firstrade pulls data from Morningstar, and offers Morningstar reports for some securities. There are no other third-party reports available besides Morningstar publications.

Firstrade does have some decent educational resources. The broker offers its clients several important learning tools on a page of their website called Education Center. Here investors will find videos and articles on a variety of securities topics, such as ETF basics and how to use a stop loss order. The broker also provides market news from Zacks and Benzinga.

The brokerage firm provides its customers with some useful tools on retirement and education planning. On the web site, clients can find important information on education savings accounts and IRAs.

Customer Service

Firstrade representative can be reached by phone, fax, an on-line chat system, e-mail, or snail mail. Regrettably, chat and phone service are only available during the weekday.

Website and Trading Tools

Firstrade’s web site is user friendly and easy to navigate. Traders can place orders for a variety of securities using the standard web browser. At the bottom of the browser is a handy trade ticket called the Quick Bar where users can swiftly trade stocks, ETFs, and options. The Quick Bar displays vital information, such as the day's volume and the last trade price. Option chain information is also available using the Quick Bar.

Firstrade has a proprietary streaming quote service called X-Stream, although most buttons simply take the user back to the web site.

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Mobile Platform

Firstrade offers mobile apps for Android and Apple. The interface is intuitive and simple to use. Traders can call customer service, place a stock or option order, and look over position and account data.

Best online broker for international clients

Firstrade Summary

Firstrade delivers reliable securities trading at low cost that international investors will find attractive. Stock and option traders will do especially well here.

Open Firstrade Account

Open Firstrade Account