Non Resident Trading Account

[joker7]

I am a Non Resident of the UK and seeking to open a trading account enabling access to buy shares in the UK/US etc...

Does anyone know of any trading accounts where residential status is not taken into account ?

Joker.

 

[Rationalize]

www.thinkorswim.com 4 options/futes & wrEckquities.

Can open a non-resident alien account.

Happy trading..

 

[darrensingh]

Hey - did you manage to get an account open? Am UK resident

Am also in the same situation - online brokers outside the US really offer little choice in modern trading tools.

Really like the look of thinkorswim, but when I called the other day, they said I couldn't join .

 

[bangkoker]

Yeah I'd be interested to know to. I am currently in the UK but if trading goes ok then hopefully I will be spending large amounts of time away. I presume that is less likely to be a problem though.. that could be some time off yet though

 

[pedro01]

I'm in Bangkok. Both Tradestation and Interactive Brokers seem fine but need some proof of address.

 

[Rationalize]

Australian resident. Have opened an account, as a corporation with ThinkOrSwim in 2003. No problems. Took about 1 weeks. Some time ago though.

Opened an account, as a corporation with Interactive Brokers about a month ago. No problems. Took about 2 weeks. Admin staff seem not so bright. Worked out ok in the end.

Also, here's the problem with these two brokers IMO:

ThinkOrSwim -- Great charts. Did have great tools, esp tick database. No more. Expensive commissions compared to peers. Gradually being "porked" by Ameritrade, which took them over recently.

Interactive Brokers -- Terrible interface, and the "API" is a bit of a mickey mouse job. The damn thing needs to reset itself once per 24 hours [!!]. POS for program trading. The "tick data" is NOT ticks. No way. Nah ha. Fun for a retail trader to play with a "program trading API", but oh boy .. low frequency strategies only.

*** Cannot beat their commission rates, and world exchange access however.

Summary: Execute trades through IB. Buy a data feed from someone else. TOS is a good intro mix of both.

Also, for the newbees -- Trading is easy. Trading profitably is very hard. If setting up an account is getting you down, probably best to stop now, and just buy a datafeed to paper trade against.

 

[famousali]

Australian resident. Have opened an account, as a corporation with ThinkOrSwim in 2003. No problems. Took about 1 weeks. Some time ago though.

Opened an account, as a corporation with Interactive Brokers about a month ago. No problems. Took about 2 weeks. Admin staff seem not so bright. Worked out ok in the end.

Also, here's the problem with these two brokers IMO:

ThinkOrSwim -- Great charts. Did have great tools, esp tick database. No more. Expensive commissions compared to peers. Gradually being "porked" by Ameritrade, which took them over recently.

Interactive Brokers -- Terrible interface, and the "API" is a bit of a mickey mouse job. The damn thing needs to reset itself once per 24 hours [!!]. POS for program trading. The "tick data" is NOT ticks. No way. Nah ha. Fun for a retail trader to play with a "program trading API", but oh boy .. low frequency strategies only.

*** Cannot beat their commission rates, and world exchange access however.

Summary: Execute trades through IB. Buy a data feed from someone else. TOS is a good intro mix of both.

Also, for the newbees -- Trading is easy. Trading profitably is very hard. If setting up an account is getting you down, probably best to stop now, and just buy a datafeed to paper trade against.

That is quiet right about IB, I have done the same. (Trade with IB and get data from DTN, better execution, better commission with no data interruption)


My question to the thread is:

Are there any territories from where one can establish a trading company to qualify for "Tax exemptions" (for a person qualifying to be a nonresident and qualifying for non-substantial presence [183 day rule], living abroad and is able to relocate globally without hesitation)- with the hikes in taxes almost everywhere one has to find ways to find better tax shelters out there.​

Any logical advice will be highly appreciated.

 

[maxtail]

Hello,
I am trying to explore are there any good regulated brokers allowing to trade in US Equities (Cash) - not CFDs for NON US or NON UK Residents?

Please advise

Thanks

 

[ryugriff23]

yeah i was looking for a while mate. Im Australian and these guys hooked me up with everything. www.scopetraders.com

 

[BSD]

Also, for the newbees -- Trading is easy. Trading profitably is very hard. If setting up an account is getting you down, probably best to stop now, and just buy a datafeed to paper trade against.