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This is a discussion on USA account within the Futures forums, part of the Financial Markets category; Hi Does anyone know how to open a futures trading account in the USA for a UK resident. I have ...

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Old Apr 15, 2003, 4:11pm   #1
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Hi

Does anyone know how to open a futures trading account in the USA for a UK resident.

I have tried several but they say you need a US mailing address can anyone help.
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Old Apr 15, 2003, 4:34pm   #2
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Try IB, they have a UK office and are happy to open £ based accounts.
www.interactivebrokers.co.uk
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Old Apr 16, 2003, 11:08am   #3
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juanbyte started this thread Thanx helengu

do you know what the spread for the Dow is, the commission charges look very competitive and will suit me.

Best regards

Hamish Cohen aka juanbyte
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Old Apr 16, 2003, 11:21am   #4
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Well today on IB the spread is 0 or 1 point which is what it usually is.


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Old Apr 16, 2003, 12:19pm   #5
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juanbyte started this thread Hi Paul

thanx again for you help.

I have been looking for years for a competetive futures broker, I don,t understand how they can charge such low commissions when the likes of E*trade charge £9.99 plus their spread was 8 points. Am I missing something.

IB looks great are there any downsides.

regards

chris
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Old Apr 16, 2003, 12:56pm   #6
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No, you are not missing anything other than the greed of UK brokers. Netfutures cost slightly more than IB but you get full depth of market and the phone back up is superlative compared with IB.
However since Man has taken over GNI, I have closed the account as I won't deal with those ******* at Man.
GNI Chicago charged me a lot less than GNI London for the same contracts anyway!
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Old Apr 16, 2003, 1:18pm   #7
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juanbyte started this thread Thanx Mr Charts

I will check them out, how do you get an account in Chicargo do you not need a US mailing address.

I think some time ago GNI offered me £4 a trade and Man wanted £10.

Cheers
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Old Apr 16, 2003, 2:12pm   #8
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juan,
Email me at

mr.charts@btinternet.com

and I'll send you my (ex)- broker's name and phone number. He'll tell you exactly what to do, which form to fill in and will talk you through every question on the W8-BEN US govt form.
He's become a personal family friend and will charge you less than on the web site since I've introduced you. No, I don't get a cut.
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