Until now I have been quite happy trading using Commsec, the brokerage division of Commonwealth Bank of Australia.
Recently, however, I have been looking offshore for investment opportunities as everything is so expensive on the Australian Stock Exchange due to the commodities boom. I have been looking at stocks listed on exchanges from the NYSE to the HKSE and the Frankfurt exchange. I then checked out how much the brokerage would be through my Commsec account and found that they would be ~$100 per trade (US$107)!!!!!!!!!
After looking around I found the following brokers which are open to international investors (i.e. not US only) and will post what I think about each of them as I research more:
- Interactive brokers: http://www.interactivebrokers.com/ibg/main.php
- Optionsxpress: https://onlineint.optionsxpress.com/login.asp?r=1
- MB Trading: http://www.mbtrading.com/
- Choice Trade: http://www.choicetrade.com/public/why_choicetrade/why_us.php
- Zecco: https://www.zecco.com/explore/online-stock-trading.aspx
The more I look the more I find (for unbelievably cheap rates)...will update once I have researched some more.
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