So I am a little bit confused regarding my brokering accounts.
I use optionsxpress for US equities and ETrade for my Aussie equities.
I had a few issues with Etrade as they are little bit expensive and also they tend to suck in regards to their servers going down. But they are not terrible, since I do not trade.
My question is, would I better using say Capital 19 (which is basically IB) or just sticking with Etrade to minimise some risk? In the sense, not having all my brokers residing in the US?
The benefit of having Capital 19 or IB set up is I save 4 bucks on trades, and I also have access to almost every single market in the world. OptionsXpress does not offer this service, as they are basically specialise in the US.
So I thought perhaps I should use Capital19/IB for my Australian shares? And if I do decide to buy in say, India one day I have that flexibility. Although, I am pretty sure you can access almost every market through the US, through some type of fund or something rather.
Anyway, would appreciate your opinions as I am rather confused.
Oh and the main reason i would prefer to have 2 is just spreading my money around a little bit.
Thanks in advance.
PS the main reason I thought of using Capital 19 over IB is because they have a lower min deposit which suits me. Capital 19 is a subsidiary of IB.