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Where to open an account for trading worldwide? - Where to open an account for trading worldwide?
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levalencia  
#1 Posted : Sunday, November 22, 2009 1:49:52 PM(UTC)
levalencia

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Hi, I am a newbie to trading I am reading lots and lots before actually doing something, however before buying metastock I need to have an account for buying and selling stocks,

I tried fidelity.com but its for US citizens only, can somebody please recommend me where to open an account for trading if I am not a US Citizen?

Thank you very much
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Richard Dale  
#2 Posted : Sunday, November 22, 2009 5:43:31 PM(UTC)
Richard Dale

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Which markets do you want to trade? (US, Canada, Europe, Asia, Australia etc.)

What types of instruments do you want to trade? (stocks, futures, spot forex, CFDs etc.)

Where are you based?
Cheers, Richard Norgate Data
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levalencia  
#3 Posted : Sunday, November 22, 2009 5:54:59 PM(UTC)
levalencia

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I want to trade in US market and Stocks only for now.

Thank you

I live in Colombia, SouthAmerica
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Richard Dale  
#4 Posted : Sunday, November 22, 2009 6:10:12 PM(UTC)
Richard Dale

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I've heard good reports about Interactive Brokers. I think they'll provide you with an account provided you have experience trading and the necessary capital to open up an account.
Cheers, Richard Norgate Data
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levalencia  
#5 Posted : Sunday, November 22, 2009 6:39:39 PM(UTC)
levalencia

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I just checked but that site requires minimum 10.000 to start which is a lot to me as I am a newbie on this
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Richard Dale  
#6 Posted : Sunday, November 22, 2009 7:31:19 PM(UTC)
Richard Dale

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Location: Norgate Data
I suggest you trade in your own country before attempting to branch out to trading internationally....

Trading internationally you also need to concern yourself with wire transfers (and losing a small percentage each time you initiate such a transaction), currency exposure, taxation forms etc. plus they want to see evidence of prior trading which you'll be unlikely to provide...

I don't know of the requirements of other brokers but you should check through their terms and conditions carefully
Cheers, Richard Norgate Data
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