US Broker who will open an account for an Australian citizen.

Discussion in 'Retail Brokers' started by Apollo13, Sep 10, 2018.

  1. Apollo13

    Apollo13

    Great. So no order desk ? Right ? What DMA software do you offer ?
     
    #11     Sep 11, 2018
  2. Robert Morse

    Robert Morse Sponsor

    #12     Sep 11, 2018
  3. FSU

    FSU

    If you are unhappy with IB, I would also suggest Lightspeed for you. You will have your choice of software platforms, which seems to be your main concern.
     
    #13     Sep 11, 2018
    Robert Morse likes this.
  4. Robert Morse

    Robert Morse Sponsor

    And you get me!! :D
     
    #14     Sep 11, 2018
    Palindrome, Sig and Lee- like this.
  5. Apollo13

    Apollo13

    Ok.. so I guess the question for you is.
    You are listed ? If so what is your symbol and market cap ?
    As I said in the first post I am only interested in a large cap broker.
     
    #15     Sep 12, 2018
  6. Robert Morse

    Robert Morse Sponsor

    If you are talking to me, we introduce to Wedbush Securities. Wedbush is a family owned self clearing Broker Dealer and FCM with about $165mm in net capital. Look back at BDs that failed. Big did not offer more protection. In fact LB, ML, BS, MFG etc were all large brokers.

    Good luck,
    Bob
     
    #16     Sep 12, 2018
  7. Apollo13

    Apollo13

    Thanks for the info.
    As I said in the OP I am after a large cap broker.
     
    #17     Sep 12, 2018
  8. traderjo

    traderjo

    Hi Robert
    Reg client money protection
    So wedbush is FCM who offers equity also? does that mean no SIPC protection? becasue FCms are not covered under SIPC
    For example IB swips all cash so that it is under SIPC although they offer both Futures and Equity, Having said that they changed all cash a/c retail Australian accounts from US to AUS so no SIPC protection there
    By the way you do offer Reg T! for non US clients
     
    #18     Sep 12, 2018
  9. Robert Morse

    Robert Morse Sponsor

    We do not have Universal accounts with a sweep. Monies at Wedbush Futures are not protected by any type of SIPC. Most of our business is Equities/Options with custody at Wedbush Securities with SIPC and Excess SIPC. We offer Cash, Reg-T margin (2X for DT and 4X for DT) and Portfolio Margin. The only difference as to what we offer domestic vs foreign equity accounts is that we do not offer Master/Sub accounts for foreign accounts, only single accounts. We do for Futures.
     
    #19     Sep 13, 2018
  10. Hooter

    Hooter

    consider:
     
    #20     Sep 15, 2018