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| does anyone use etrade for US stocks? as my previous entry shows, i am under the impression that US citizens cannot invest on the US market with swissquote. anyone know this from experience? | |
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For sure, and probably every other stock market they offer.
Restrictions come mostly for structured products, like Bank warrants (not common warrants); but you're not loosing much, most of this products are opaque, iliquid and basically represent a "bet" you taking against a given bank, take your chances
. Otherwise there are some things not so speculative as Certificates Trackers and so on, that you might no be able as well. Anyway, anytime you enter a "danger zone", you'll have to check being a US or non-US person, so you won't miss it
Concerning swissquote in general, their only advantage, in my opinion is being a swissbank and offering many markets, otherwise, their quite behind the curve compared to US discount brokerages, technically and when it comes to pricing. They're specially expensive if you buy ETF's.
But I guess their still a good choice if you trade rarely and hold for long periods, so the comissions won't add up much. I keep longer term trades with them and use a US broker for shorter term ones.
You can't sell shor either, but I think you don' need it anyway. I'm always amazed that some people seem to care much about that when they start trading, like if selling short was simply the inverse of buying a stock!!
Hope this information was helpfull and wish you good luck.
| Quote: | | | |
| are US citizens allowed to invest on the US markets using swissquote? | |
| | |
For sure you can (use Swissquote to buy US markets), and probably every other stock market they offer.
Restrictions come mostly for structured products, like Bank warrants (not common warrants); but you're not loosing much, most of this products are opaque, iliquid and basically represent a "bet" you taking against a given bank, take your chances
. Otherwise there are some things not so speculative as Certificates Trackers and so on, that you might no be able as well. Anyway, anytime you enter a "danger zone", you'll have to check being a US or non-US person, so you won't miss it
Concerning swissquote in general, their only advantage, in my opinion is being a swissbank and offering many markets, otherwise, their quite behind the curve compared to US discount brokerages, technically and when it comes to pricing. They're specially expensive if you buy ETF's.
But I guess their still a good choice if you trade rarely and hold for long periods, so the comissions won't add up much. I keep longer term trades with them and use a US broker for shorter term ones.
You can't sell shor either, but I think you don' need it anyway. I'm always amazed that some people seem to care much about that when they start trading, like if selling short was simply the inverse of buying a stock!!
Hope this information was helpfull and wish you good luck.
Beware that Saxo Bank isn't a brooker.
They provide CFD's - contracts for diference: check them on the web and find out if they suit you. My opinion is they're poor and opaque speculative tools not suited specially for those who they are aimed to: beginners.
Remember you won't be owning any stocks with them.
| Quote: | | | |
| Is there anyone else using Saxo Bank? I am looking into opening an account with them... | |
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Beware that Saxo Bank isn't a brooker.
They provide CFD's - contracts for diference: check them on the web and find out if they suit you. My opinion is they're poor and opaque speculative tools not suited specially for those who they are aimed to: beginners.
Remember you won't be owning any stocks with them.
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