Anyone Trade US Options?

• 

  chazfg on 03/08/2017 - 10:36

  I am trading US shares and options through https://www.optionsxpress.com.au/ and https://www.interactivebrokers.com.au/en/home.php
  Both are well known brokers, especially for Australian traders or non-US residents. Optionsxpress has office and support in Australia and it has a good research utility and trading platform. IB is probably for more advanced trader, but it is one of the cheapest broker.
  Unfortunately, both requires $10k minimum deposit even for paper trader account.

  I don't have experience with Firstrade or Tradestation, so can't comment on those brokers.

• 

  JCrown9 on 03/08/2017 - 13:35

  I used to use Optionsxpress when they were in Australia. I still have an account, but use Trade station to trade.
  You will find they are really good, and their platform is one of the best.

  So i would say go with trade station :)

  As for transferring funds, just make sure you profit more than $100 :) unfortunately its just one of those costs to fund your account. You could maybe see if a service like OFX can be used. But for me i just do wire transfers.

  Good luck.

  • 

    nige60 on 05/03/2020 - 15:04

    Hi JCrown9
    I just cam across your response to trading US markets.

    I myself am wanting to trade the US options market but its next to impossible through IG CMC ANZ etc ….have several accounts.
    Im wondering how you yourself get on with Tradestation?

    The biggest hurdle I keep coming against being that Im not a US Citizen therefore on the application forms i cannot complete the form.
    Im not to fussed about the account size or wire transfer costs….as you say its just one of those costs to fund your account.

    Would be greatly appreciated for any feed back

    I used to use Optionsxpress when they were in Australia. I still have an account, but use Trade station to trade.
    You will find they are really good, and their platform is one of the best.

    So i would say go with trade station :)

    As for transferring funds, just make sure you profit more than $100 :) unfortunately its just one of those costs to fund your account. You could maybe see if a service like OFX can be used. But for me i just do wire transfers.

    Good luck.

• 

  owli on 03/08/2017 - 20:43

  Interactive Brokers offer options for US market + others and you can transfer funds via EFT so no cost.
  I don't trade US options but their US stock commission is very low.

• 

  nige60 on 05/03/2020 - 14:49

  Hi JCrown9
  I just cam across your response to trading US markets.

  I myself am wanting to trade the US options market but its next to impossible through IG CMC ANZ etc ….have several accounts.
  Im wondering how you yourself get on with Tradestation?

  The biggest hurdle I keep coming against being that Im not a US Citizen therefore on the application forms i cannot complete the form.
  Im not to fussed about the account size or wire transfer costs….as you say its just one of those costs to fund your account.

  Would be greatly appreciated for any feed back

  I used to use Optionsxpress when they were in Australia. I still have an account, but use Trade station to trade.
  You will find they are really good, and their platform is one of the best.

  So i would say go with trade station :)

  As for transferring funds, just make sure you profit more than $100 :) unfortunately its just one of those costs to fund your account. You could maybe see if a service like OFX can be used. But for me i just do wire transfers.

  Good luck.