Hi .. Good day. I get asked this question regularly, can anyone tell me US brokerages that don't open account for customers living in Europe. Thank you
It is easier to tell you what brokerages do open accounts for Europeans as the other list is all of them apart from www.interactivebrokers.com and www.schwab.co.uk $25,000 min.
I currently have a small account with them, no issues at all. So far so good and i don't think they will scam me out of my money since bad publicity for tradezero.co will also affect us.tradezero.co. It's just an easy solution to avoid the PDT rule for people outside the USA and they have been around for 5 years without any issues so far. Not saying they are suited for traders with very large accounts, but for small retail traders they are perfectly suited.
And whati What is the SPIC coverage in banana republic? Let alone account segregation, liquidation waterfall or regulatory oversight. We have a Bahamas in Europe - it is called Cyprus. Only very shady Fx and crypto brokers are left there.
Apparently they are secured up to $250K by Lloyd's of London affiliate Argenta Group, however i guess there is no real way to know if this is legit or not? Might have to check it out. Look i know Bahamas and Cyprus aren't great areas for brokers to be located, that doesn't mean there couldn't be any exceptions. And again, i am not encouraging anyone to open a large account with Tradezero, however for small accounts, at least in my opinion, it is the best option out there regarding costs etc. If you disagree and think there are better options for small account holders to trade fairly cheap and avoid PDT, please let us know.