Online brokers for international markets - Aussie Stock Forums

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  1. #1

    Exclamation Online brokers for international markets

    Hi, this is my first post and I have zero (0) experience on real trading so go easy.

    I am a 25 year old Australian living in rural China at the moment but would like to make some medium term trades now and then, and have been doing a spot of paper-trading for over a year fairly successfully.

    Unfortunately my initial investigations have been less fruitful than expected:
    - CommSec requires posting stuff to Australia to open an account, understandable but a hassle. Secondly, I just quit the Commonwealth Bank as I feel their (banking) service is extremely poor and with high fees (now with CUA, who have zero fees and superior internet banking - in short, they rock!)... so I'm inclined to look elsewhere if at all possible.
    - The Etrade website wouldn't come up AT ALL from China - I don't know where they host it, but because of this fact, compared to CommSec they definitely lose my custom just on the international access.

    I know there are more online brokerages but I get the feeling researching each in depth would take days.

    So my question is: are there any experienced traders out there who have been trading long-term overseas, if so please tell me which online broker you use, how long you have been using them, and in what country or on what infrastructure do you trade?

    I will use your responses to make a shortlist of online brokers for further investigation.

    An Aussie in China

  2. #2

  3. #3
    CanOz's Avatar
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    Jul 2006
    Sunny Brisbane
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    Default Re: Online Brokerages for International Use

    Agree totally. I use IB, just switched from IG Markets and Etrade. I also subscribe to The Chartist, invaluable tool for learning to trade.

    I live in Northern China and generally have had good access to internet for 70% of my time here so far (over 2 years).

    PM me if you have any more queries.....enjoy the time here!

    "Dump everything aggressively. Take the price to a place where it trades" - Michael Platt - Hedge Fund Market Wizards

  4. #4
    Rotaredom wayneL's Avatar
    Join Date
    Jul 2004

    Default Re: Online Brokerages for International Use

    Been with IB for 5 years now. Can't grumble at all.

  5. #5

    Default Re: Online Brokerages for International Use

    IB for Options - www.interactivebrokers.com
    SMC Trader for Stocks, CFDs, Futures & Forex - www.smctrader.net.

    The hardest aspect for you will be setting up the account as Australian & US providers need a fair amount of ID to get set-up because of the whole money-laundering thing.

    Best of luck

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