Foreigners can avoid PDT for USA stock market with Interactive Brokers

(Last Updated On: January 10, 2020)
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Big news after a live call with Interactive Brokers. See what they to confirm everything.

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Notes:

Interactive Brokers all figure in US dollar
PDT rules for foreigners > only USA residents for foreign
Access to Asian exchanges with no limits (or how to) > need permissions for Asian to apply —> during application (no requirement but depends on compliance) ==> based on region eg. ETF or bonds kn certain countries
Funding needed to focus on stock < $10 -> is it possible to use with IB —> based application permission (USA penny stock < $1 /share) regular e.g. $5 trade on 1 single stock for account size < $500 (could be listed as penny stock) No minus account but maintenance fee $100000> no monthly fee
$100K -> $10 mostly fee
$2000< $20/mntth fee
Need certain commission fee
commission fee on trade value fix stock.ETF 0.005 per share with $1 min value per order
or 100 share at $25p er share stock would be $1 commission

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
This entry was posted in Stock News and Tips on by .

About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs