At this time, You can trade equities on Nasdaq, NYSE, & AMEX on all 4 of our platforms. We hope to release a platform for futures by the end of the this year or early next year. I can guarantee that our commissions will be competitive along with an exclusive deal for ET Futures traders.
I have friends who are doing trading from the far flung areas in Asia. two things to consider are. 1. technical (internet speed available) , if you dont have good conection then forget the power trading tools. 2. Banking ( wiring funds in and out is always a hassle) and wire is the only way I would suggest, cheques no way. and if you are not a us citizen then u need to file a w-8 form with your application, u need to research on the tax filin process, and based on your country's pact with the US/irs. for US citizen there is another process. to start with I would suggest e-trade/ ameritrade / scot trade, because if you dont trade u dont pay any fees ( depending on the minimum limit ) Pl read the fine line before signing ( different price for Mkt order and Limit order), But it depends on how many trades u plan to do. so do your home work before jumping in.
Velocity Futures, allows u to do it anywhere in the world. And you can trade from one account almost anything.
What do you mean by far flung areas in Asia? Where is that place? I have been to most Asian and even Middle eastern countries and can say technology is so advanced with some countries like Japan, hongkong, Taiwan, S.Korea, Thailand, singapore, China,... I used to trade from my hotel rooms with in-room DSL real fast and sending wire to USA is a 5 minute jobe only, unless you friend is living in place like Laos, Myanmar, mongolia, ... my apology
some brokers will not open accounts for non-US residents, or only have a few selected countries which they are willing to work with. One example is MB Trading. They'll only work with US, Canada and a couple of other countries. Don't believe me? Ask them. Just ask your broker if he accepts clients from your country. IB surely does Good trading 50
DOES ANYONE know IF Generic facilitates opening an account by a non US resident, from like SOuth America or Israel??