Interactive (IBKR) alternatives for non-US and non-EU citizens

[newNomad]

Any alternatives to IBKR when it comes to non-US residents and possibly also non-EU citizens...
Ideally the broker should allow for a wide range of asset classes and also stock options (listed options) and derivatives in general; margin account; have a reputable standing...
If on top the commissions would be comparable to IBKR, that would be excellent
AFAIR there is Saxo but commissions are simply crazy, especially for options like 5 times higher than IBKR (unless you invest 1M+) also some crazy minimums like 80eur per order ticket or such...
I remember someone mentioned flatex but perhaps there are some really intellignet alternatives...On the web they mention often Zacks, Lightspeed but those are just introducing brokers for IB and not sure if it is even possible to have for ex. a Zacks account if you already have IB account....etc

 

[EuroKiss]

Hope to not hijacking the OP thread, but I'd add also the possibility to trade penny stocks (OTC).

 

[newNomad]

Crypto is NOT mandatory, what though I'd expect it that it routes all orders to regulated exchanges (no CFDs or market making desks where the broker is just taking opposite side of your trade)

 

[avalanche]

newNomad said:
Any alternatives to IBKR when it comes to non-US residents and possibly also non-EU citizens...
Ideally the broker should allow for a wide range of asset classes and also stock options (listed options) and derivatives in general; margin account; have a reputable standing...
If on top the commissions would be comparable to IBKR, that would be excellent
AFAIR there is Saxo but commissions are simply crazy, especially for options like 5 times higher than IBKR (unless you invest 1M+) also some crazy minimums like 80eur per order ticket or such...
I remember someone mentioned flatex but perhaps there are some really intellignet alternatives...On the web they mention often Zacks, Lightspeed but those are just introducing brokers for IB and not sure if it is even possible to have for ex. a Zacks account if you already have IB account....etc
Click to expand...

CIM Banque helps open IBKR account for non-EU citizens & residents. Been enjoying it for years already

 

[newNomad]

Actually the point was finding a similar i.e. alternative service to that of IBKR...

 

[avalanche]

newNomad said:
Actually the point was finding a similar i.e. alternative service to that of IBKR...
Click to expand...

Sorry I misunderstood your thread

 

[uplana]

Didn't we had this discussion a few times before here? Not sure if there are any real alternatives but what about Saxo Bank ?

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[Martin Everson]

newNomad said:
Any alternatives to IBKR when it comes to non-US residents and possibly also non-EU citizens...
Ideally the broker should allow for a wide range of asset classes and also stock options (listed options) and derivatives in general; margin account; have a reputable standing...
If on top the commissions would be comparable to IBKR, that would be excellent
Click to expand...

Thats a tall order sadly 🙁. Something got to give. Maybe look at Swissquote.

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[EuroKiss]

Martin Everson said:
Thats a tall order sadly 🙁. Something got to give. Maybe look at Swissquote.
Click to expand...

Swissquote, Swissborg and Dukascopy none of them accept non-EU as requested from OP. for non-EU (and of course non-US) I see only AvaTrade, but they allow only options/forex.

 

[avalanche]

If you are looking for a serious platform you may try looking into Bank of Cyprus CISCO. But their due diligence will contain lots of papers and signatures from your side
https://www.cisco-online.com.cy/

 

[lacomaco]

avalanche said:
If you are looking for a serious platform you may try looking into Bank of Cyprus CISCO. But their due diligence will contain lots of papers and signatures from your side
https://www.cisco-online.com.cy/
Click to expand...

It looks to me as a white labelled Saxo

 

[nobel]

newNomad said:
Any alternatives to IBKR when it comes to non-US residents and possibly also non-EU citizens...
Ideally the broker should allow for a wide range of asset classes and also stock options (listed options) and derivatives in general; margin account; have a reputable standing...
If on top the commissions would be comparable to IBKR, that would be excellent
AFAIR there is Saxo but commissions are simply crazy, especially for options like 5 times higher than IBKR (unless you invest 1M+) also some crazy minimums like 80eur per order ticket or such...
I remember someone mentioned flatex but perhaps there are some really intellignet alternatives...On the web they mention often Zacks, Lightspeed but those are just introducing brokers for IB and not sure if it is even possible to have for ex. a Zacks account if you already have IB account....etc
Click to expand...

I do not live in the EU and have an account with IBKR-UK. Where is the problem?

 

[uplana]

avalanche said:
If you are looking for a serious platform you may try looking into Bank of Cyprus CISCO. But their due diligence will contain lots of papers and signatures from your side
https://www.cisco-online.com.cy/
Click to expand...

is it better compared to interactive brokers and Saxo bank in your opinion?

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[Martin Everson]

EuroKiss said:
Swissquote, Swissborg and Dukascopy none of them accept non-EU as requested from OP.
Click to expand...

Since when does Swissquote not accept non-EU? eek¤%&

Have you got your facts mixed up here?

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[EuroKiss]

Martin Everson said:
Since when does Swissquote not accept non-EU? eek¤%&

Have you got your facts mixed up here?
Click to expand...

Nope, tried with other nationality than EU and rejected due to it.

 

[Martin Everson]

EuroKiss said:
Nope, tried with other nationality than EU and rejected due to it.
Click to expand...

Damn then things have changed at Swissquote 😕. Does this apply to both Swissquote Switzerland and Swissquote Luxembourg (formally Internaxx). I had previously used Internaxx for a while as non-EU person.

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[nobel]

Martin Everson said:
Damn then things have changed at Swissquote 😕. Does this apply to both Swissquote Switzerland and Swissquote Luxembourg (formally Internaxx). I had previously used Internaxx for a while as non-EU person.
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Martin, I thought you were German (EU) ?

 

[EuroKiss]

Martin Everson said:
Damn then things have changed at Swissquote 😕. Does this apply to both Swissquote Switzerland and Swissquote Luxembourg (formally Internaxx). I had previously used Internaxx for a while as non-EU person.
Click to expand...

Tried only swssquote CH. They were pretty clear, EU nationals only.

 

[Martin Everson]

nobel said:
Martin, I thought you were German (EU) ?
Click to expand...

German??? eek¤%&

Nah I am in Bahamas.

EuroKiss said:
Tried only swssquote CH. They were pretty clear, EU nationals only.
Click to expand...

Very odd as CH is not even in EU....lol.

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[JeffBesos]

Trade station works with all IKBR' global markets, also crypto and accept people worldwide unless you're in a conflict zone or somewhere rare. Actually they both do, Tradestation and IKBR (US and Global versions).