Suretrader vs. Interactive Brokers

Thank you for all the responses. I decided to join Questrade, a Canadian discount broker. They are not subject to the pdt and seem reputable.

 

There is a pdt rule for Japan accounts. What you are talking about is when you want to trade only japn stocks but no possibility then to trade US stocks.

 

So you're a resident of Japan?

 

Who knows? You'd think people seeking brokerage advice on ET would be bright enough to enumerate their domicile, account balance, instruments traded, and turnover rate.

 

I used to live in Japan but not anymore

 

So if you're not a resident of Japan or any of the above-mentioned countries, the limitations don't apply to you. CFDs don't fall under the PDT rule but it's best to confirm with IB.
You need to know where you're a tax resident in, it's sort of...important.

 

I actually have a IB UK account and although they know I am German and live in Germany etc. they require me to have 25 k at least...I communicated this with German side as well as US.

 

For CFDs?

 

Yes American stocks.