IBKR alternatives (based outside the US) for non-US / non-EU citizens?

[Nigital Domad]

Does such a non-US-based trading platform exist that allows a non-US/EU person to trade various (US and other) market equities?

 

[Martin Everson]

Have a look at Caucasus Capital in Georgia but it is a IBKR white-label.

https://capital.ge/en/

 

[sknomad]

I would consider some broker in Malaysia allowing trading in a foreign exchanges and having Malaysia ringitt as a basic currency.

 

[JackAlabama]

Does such a non-US-based trading platform exist that allows a non-US/EU person to trade various (US and other) market equities?

there many options for this usually, wheres your residency?

 

[Nigital Domad]

there many options for this usually, wheres your residency?

New Zealand for a while.

 

[JackAlabama]

New Zealand for a while.

and you dont want local ones? theres tiger broker in singapore or the usual banks.

 

[Nigital Domad]

and you dont want local ones? theres tiger broker in singapore or the usual banks.

Thank you. Any others in the Australia / Oceania region?

 

[SCHLOSSFINANZ]

there was
Pacific Private Bank Vanuatu in the past...
Disclaimer: do your own DD but they have been around for a while

 

[ilke]

there was
Pacific Private Bank Vanuatu in the past...
Disclaimer: do your own DD but they have been around for a while

Just note the fees are not appealing, correspondent accounts are only in EUR and primarily at Lithuanian EMIs, and the company belongs to Bankera.

None of these are complete deal-breakers but they are not too positive especially after the experiences seen on this forum.

 

[SCHLOSSFINANZ]

thats why I explicitely put the Disclaimer...

 

[Clank]

Charles Schwab Hong Kong

 

[Dreamy]

swissquote?

 

[daniels27]

www.dukascopy.com?

 

[jkl197]

did you try saxo bank?

 

[phatoz]

Thank you. Any others in the Australia / Oceania region?

commsec is oz. Bell. Tiger also I think are in oz. Charles Schwab have international accounts based in US. Firstrade US also have an international account.

 

[Nigital Domad]

Have a look at Caucasus Capital in Georgia but it is a IBKR white-label.

https://capital.ge/en/

Have you used them or know anyone who has? Their website still has a copyright mark from 2016, and I can't find anything more about them on OCT. I want to give them a go but would like to know if you/anyone has experience there?

 

[Martin Everson]

Have you used them or know anyone who has? Their website still has a copyright mark from 2016, and I can't find anything more about them on OCT. I want to give them a go but would like to know if you/anyone has experience there?

Not used them in maybe 10 years. Used when I used to live in Georgia.

Btw why is it important broker is non-US based?

 

[Nigital Domad]

Not used them in maybe 10 years. Used when I used to live in Georgia.

Btw why is it important broker is non-US based?

It's not important. I just assumed less hassle overall is the broker is not based in the US? Perhaps that is an incorrect assumption?

 

[MarkT]

It also depends on your trading behaviour, which broker is "best". Because IBKR has very very low fees for US markets. Not much comes close. For US markets tastytrade perhaps, fed with partial ACATS transfers from IBKR if you do not have easy access to US bank account to fund.

Also define hassle. Like tax not done by broker automatically in your country when you live there as well? I consider it a feature to submit everthing myself. Also consider estate tax laws of USA with your host country. Make sure your relatives will not pay big estate tax after you pass on. I.e. that there is a treaty with your country and USA in place.

 

[Martin Everson]

It's not important. I just assumed less hassle overall is the broker is not based in the US? Perhaps that is an incorrect assumption?

Just know that if your resident in EU/UK and find a broker in EU they have to follow PRIIP rules meaning some US ETF's may not be accessible to you as a retail customer. But in US and outside EU/UK they don't give a damn about that stuff so maybe less hassle. I talked about this below. There are also a few suggestions in that thread in general.

Post in thread 'Opening IB US account from EU?'

May 17, 2024

Or just use a broker outside EU to get around EU PRIIP rules. EU PRIIP prevents EU resident retail investors access US ETF's where US ETF's do not provide EU investors with a PRIIP KID. A lot of US ETF's don't want to provide this and EU brokers don't want to hand check every US ETF for a PRIIP KID so just blanket ban restriction to retail investors.

So just hold your brokerage account outside the EU which is wise in today's world in case you need to flee Europe. The way some western governments such as France and Germany are psychologically preparing people for war with Russia the whole...

• Martin Everson

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