Palatkik Posted September 13, 2007 Report Share Posted September 13, 2007 What is the best option to trade US stocks on line from Thailand? E-Trade? Schwabb? Any advise welcome. I just want to buy and sell occasionally (once a month?) on a web site and have easy access to the cash to spend it as well. As a non US citizen I've been using a Cititrade Investment Services to trade stocks online for the last few years. I don't need a full service financial service with the exorbitant commission fees to do it. But Cititrade decided to shut their service and pass it onto Smith Barney which so far looks like it is going to be an expensive rip off, especially if you are a foreigner. I used to have other online brokers before Cititrade, (HarrisDirect and DLJ) but after 9-11 they started insisting on US resident membership only. Link to comment Share on other sites More sharing options...
.. Posted September 13, 2007 Report Share Posted September 13, 2007 When I was playing with stocks, I used Scottrade. Was happy with them. But I have no idea on any residency requirements as I stopped playing with stocks in the late 90s. Looking at their site, the have a page in Chinese, so I'd assume they are open to anyone anywhere Cheers, SD Link to comment Share on other sites More sharing options...
kwai_hai Posted September 13, 2007 Report Share Posted September 13, 2007 Also Boom out of HK http://home.boom.com.hk/index.html & DBS Vickers out of Singapore http://www.dbsvonline.com/English/index.asp I believe they both will let you open an account from Thailand. Link to comment Share on other sites More sharing options...
cavanami Posted September 13, 2007 Report Share Posted September 13, 2007 My Dutch friend, who lives in Berlin, Germany, has been using (now called) TD Ameritrade for several years. Good service and $9.99 a trade, so price is OK. I also use TD Ameritrade as I usually trade stocks daily, from all over the world. Link to comment Share on other sites More sharing options...
TheCorinthian Posted September 13, 2007 Report Share Posted September 13, 2007 When I was playing with stocks, I used Scottrade. Was happy with them. But I have no idea on any residency requirements as I stopped playing with stocks in the late 90s. Looking at their site, the have a page in Chinese, so I'd assume they are open to anyone anywhere Cheers, SD I use Sottrade as well. Cheap and easy. I do not know about the US Citizen requirment though.... Link to comment Share on other sites More sharing options...
Palatkik Posted September 14, 2007 Author Report Share Posted September 14, 2007 I just clicked on Scottrade link at top of web site, only looking for US customers. Will probably stick with E-trade if cannot find any else and dump SB. Why does it cost 9$ to trade on Scottrade and 2% or hundreds of dollars to make same trade at Smith Barney web site?? Link to comment Share on other sites More sharing options...
mongatu Posted September 21, 2007 Report Share Posted September 21, 2007 Another problem (for someone like me) with Scottrade is that (as of the last time I looked at them) they don't allow you to transfer your funds away from Scottrade electronically. They only allow electronic transfers in, not out. Makes it kind of hard to get your money out from Thailand. I would look for a discount broker like TD Ameritrade which allows one to do free online transfers of funds from the brokerage account to accounts at other institutions which can easily and cheaply be accessed via ATM from Thailand. Link to comment Share on other sites More sharing options...
cavanami Posted September 23, 2007 Report Share Posted September 23, 2007 ...Why does it cost 9$ to trade on Scottrade and 2% or hundreds of dollars to make same trade at Smith Barney web site?? 'cause Smith Barney likes to make lots of $$$! I usd to use the big names a long time ago before there were so many onine traders. Now, I never use anyone but online. Link to comment Share on other sites More sharing options...
Palatkik Posted September 24, 2007 Author Report Share Posted September 24, 2007 I'll be leaving SB soon as well, my grace period of cheap trading ends next March. Link to comment Share on other sites More sharing options...
sipbkk Posted September 28, 2007 Report Share Posted September 28, 2007 I would look for a discount broker like TD Ameritrade which allows one to do free online transfers of funds from the brokerage account to accounts at other institutions which can easily and cheaply be accessed via ATM from Thailand. I moved my account from Scottrade to Firstrade in 2005 because of this. Firstrade lets you setup ACH to another US bank which allows you to move money in and out of the trading account. Cash can be accessed locally via an ATM card from the Bank account. sip Link to comment Share on other sites More sharing options...
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