The BEST Brokers For International Day Traders

[@FinZippo]

Interactive Brokers has branch in few countries, they dont force PDT. I use IB in Ireland. IB has two tiers for comissions. 0.0035$/share (minimum fee 0.35$ one side) or 0.0005$/share (minimum fee 1$ one side). This means that depending how many shares you usually buy/sell, you can choose which tier fits you better. There is exchange fees on other tier too and other no. So well less then 300 shares, I recommend using that 0.0035 tier. More then that, the other one is better on fees:wise.

[@DaytradeWarrior]

Thank you for sharing this! I did not know they didn’t know that. I would add it to the list of possible brokers one could use if international, but I would still say Trade Zero is better.

[@AlexF-qx7co]

Is this available for US residents, where you can use IB in another country and get by the PDT rule? Sorry, wasn't entirely sure if you were a US resident.

[@Pfillep]

I dont really understand the fee model. Isnt 0.0035 per share not always better than 0.005? Why would that change with higher share size over 300? @@AlexF-qx7co I dont think you can really choose the branch of interactive brokers you end up with. If you sign up with them, they just assign you to one of their subsidiary. I got put into IB in Ireland. As a US citizen you would probably end up with their IB in the US.

[@LillianGansert]

Indeed, my friend.

[@LillianGansert]

One query: Are you aware of an AI that's suitable for trading?

[@nickvokey]

Thanks for the advice, Ross! I saw an earlier video of yours where you say that you'll never use Interactive Brokers again due to the time that it takes to get orders filled. It was a 4 Year old video though. Is that still an issue in 2024?

[@wakeupgreece]

Can you do a video on best brokers for europeans?

[@ShaferHart]

IB has HQs in Europe. "international traders" are redirected to their UK site by default.

[@lagoadealbufeira1]

IBKR does NOT require 25K to trade. I opened an account with 1K and had no problem. In Europe.

[@nurhidayat2333]

is that cash account?

[@betterlifebob]

No PDT rule on Interactive Brokers in Canada. I trade a $10K account with no issues.

[@DaytradeWarrior]

That’s great to know thank you!

[@nick94890]

Just wonder, can you scalp small caps using Ross's strategies with IB? I remember Ross had very bad experience with IB regarding the execution speed for trading small caps. Seems IB has an algorithm to throttle the order filling speed for small caps. Canadians don't have too many choices of brokers. Many brokers accept international customers but not Canadians.

[@nasrallahchaher3180]

Please how i can contact you i want to ask you about trading on canada

[@kwillyful]

Men, you are simply and straightforwardly a good teacher and you have a lot of credibility just from your style. Your demeanor is honest. I am much older than you, but you remind me of one of my Fundamental analysis professors. Thank you, I just happened upon you a few videos ago and I have gotten wiser after each one. Again thanks!

[@DaytradeWarrior]

Appreciate the kind words, thank you!

[@QuianaCangey]

Indeed, my friend.

[@QuianaCangey]

One query: Are you aware of an AI that's suitable for trading?

[@LainMathew]

aihihouse

[@LainMathew]

I found it using

[@Ngryn]

Execution speed - IB vs CS, you touched on it, CS being a bit faster...? So I'm not just imagining IB is slow at filling orders - and bypassing stop loss orders..? I've had it happen several times and inquired to IB - with no response, but it concerns me. Thanks, and Great video

[@jonathanli2554]

I am currently using ibkr which doesn’t enforces the PDT rules. There is no platform fee and the commission is very low compare to the other brokers. Just one problem is that i cant see the halt level on the level 2 like other brokers 😂

[@DaytradeWarrior]

Thanks Jonathan, which country did you signup to IBKR through?

[@jonathanli2554]

@@DaytradeWarrior IBKR Hong Kong

[@abdulhameedalmomien9937]

You are lucky that IBKR does not enforce the PDT rule in Hong Kong, because I live outside the US and the PDT rules is still applied to me with IBKR ( I live in Saudi Arabia)

[@nurhidayat2333]

​@abduhlhameedalmomien9937 hi, what account type do you use? cash or margin?

[@izquierdaderecha7661]

Hi Ross; could you make a video about routes like SMART, ARCA and so forth and wich brokers restrict this tools. Thanks for your work.

[@gballarini]

I’m using Ibkr from Europe and they do not enforce pdt rule. Thanks for all the video! 🙏

[@DaytradeWarrior]

Thank you for sharing!

[@HYH2023]

Really? Is your account cash account? I come from Asia but I have moved to Europe, and haven't changed my IBKR account residence information, and still under the PDT rule.

[@gballarini]

@@HYH2023 no is a margin account. Since we are in Europe we are referring to ibkr europe that have legal entity here.

[@littlehammer87]

@@HYH2023 i can confirm no pdt rule. I'm an italian resident using IBKR

[@kurehera]

Hi Ross, thank you for this valuable information, by any chance do you know anything about ninja trader broker?

[@battalgazi9740]

06:09 Interactive Brokers is not comission-free everywhere. In the UK, for instance, FCA does not allow them to sell order flow, thus they don't offer comission-free services over here.

[@DaytradeWarrior]

That’s great to know thank you!

[@tagKnife]

Yes, in the UK, all customers are "pro" customers which gives direct market access. In the US this is only open to customers with more then $500,000.

[@pivxtrex8698]

pro customers? what leverage can use?@@tagKnife

[@ngmngoc]

I like this video, thank you for sharing your experience ❤

[@DaytradeWarrior]

Glad you enjoyed it!

[@--2455]

Charles Schwab not really ''international'' : almost all Europe cannot open account. Interactive Brokers really helps on that.

[@DaytradeWarrior]

👍🤓

[@p.c.h.6721]

Are you sure Charles schwab International doesn't allow Europeans to open an account? According to their website, they allow Europeans. Where did you get that information? Thanks

[@DanielKing-dj8kd]

Ross, I would love to know what you did after trading $TPST in the morning. Did you get back in?

[@DaytradeWarrior]

Recap coming soon!

[@wtf-nc7zt]

Hi Ross, this morning I just took a trade after TPSI halted up for the break of 2.5 and it instantly flushed down to 2.37. I lost a week a progress and may I ask would you get in that trade and if you wouldn't what would be the reason? Now as I looked back at that chart I did draw a trend line at around 2.6 but I thought it could break easily

[@FrancysVézina]

Hi Ross, I'm a Canadian, I would like to know, what do you think about Questrade ? Thank you for sharing your experience, I really appreciate it

[@DaytradeWarrior]

You can check out a review we have on Questrade here: www.warriortrading.com/questrade-broker-review/

[@OsvaldoPerez-k9e]

can you open a tradezero international account as a u.s citizen

[@user-ly3dq4er8u]

Alaric Securities is a Lightspeed partner, no PDT rule but no US customers.

[@DaytradeWarrior]

They are in Bulgaria?

[@user-ly3dq4er8u]

@@DaytradeWarrior yes but I am based in EU, seems the most legit, so I think you should keep it under your radar

[@user-ly3dq4er8u]

One more thing, they charge 175$ for Lightspeed platform per month. They offer their proprietary software "Hammer" for $30. However, whenever I get the chance to cross the 25k$ I will open a Lightspeed account to save on the platform fee. So far for a small account, that's the best alternative I could find.

[@FBrasco]

@@user-ly3dq4er8u I saw that one too. I live in the Netherlands. How do you experience them?

[@desidog4169]

Excellent video. Thank you!

[@DaytradeWarrior]

Thanks, you're welcome!

[@6mallards]

Thanks Ross how about best brokers for us US residents momentum, long, day traders? I'm on the fence about which one to pick. PDT 25k not an issue

[@DaytradeWarrior]

You're welcome! We have more broker videos coming out shortly, so stay tuned!

[@Angelcee492]

So, one thing that wasn't clarified about trade zero. If you open a tradezero account and indicate you are in the US will they enforce the PDT rule? If so, is there a way to PDT with US account that is not under $25K?

[@HYH2023]

Hi Ross, regarding the PDT rule, is opening a position and then scaling out but not closing it still cosidered a day trade?

[@garouthetiktokinfluencerhu9731]

If you hold a position overnight it’s not a day trade. If you sell within a trading day then it’s a day trade. That’s it

[@HYH2023]

Do you mean that if I keep only a portion of the position overnight instead of selling all of it that would not be a day trade? @@garouthetiktokinfluencerhu9731

[@joaoalves5749]

Hi, Ross! Thank you for the information. Are you sure about Charles Schwab? What i know is that for EU accounts they only let cash accounts to be open, you can not open a margin account.

[@DaytradeWarrior]

Interesting, that is good to know! Thanks for sharing.

[@jbo2607]

Question on Lightspeed commission. It looks like for stock the cost is $0.00225 per share. So for 10,000 share purchase and sale it would be $45? So if I took 3 trades a day at 10,000 shares each, that would be $35,100 for the year? That is a lot of commission? Even if you made $150k trading which is great for a day trader, you You still gave the broker $35k which is 23.4% of your gross earnings so you net just under $115k. 🤔

[@DaytradeWarrior]

Yes you're right, I'm at about 50k in commissions this year. I've made over $300k, but gave back like 15% to fees/commissions. It's a steep price to pay and I'm actively looking at alternative brokers.

[@krisdj]

Hey Ross thanks so much for that advice.....I'm a warrior trader by the way, nearly finished the full course and going to start on your simulator soon..... I'm a trader in Australia and I've been looking at brokers, my partner is a American citizen so I think I have the possibility of using lightspeed as she can set up an account using her us address, would you recommend this over the other? I have over 25000 btw

[@DaytradeWarrior]

Hey Kris, that's great! Ross finds Lightspeed great for his style of trading, however, we recommend going with whichever option works best for your needs!

[@ingdanielluna]

Hey mate! I am getting into Ross' trading strategy too, and at the moment looking for a broker. I've joined some CFD brokers here in Australia, but none have the small-cap shares that Ross trades. I tried going for Lightspeed, but being in Australia and all, they wouldn't allow me to join, I am also a citizen of other countries that apparently accept Lightspeed. I am considering Charles Schwabb as he suggested, but still not clear for me. I assume you are way ahead of this now, as it has been 7 months since your post. How did it go? What did you end up picking? Cheers!!

[@ingdanielluna]

​@@DaytradeWarrior I believe it's crucial to have a broker that offers the types of stocks Ross trades. I joined a couple of brokers that don't offer small-cap stocks, making it impossible to apply the Momentum strategy. If I get the Warrior Trading membership to follow Ross and start learning, I think it's essential to have access to the same stocks he has on Lightspeed. I'm considering Charles Schwab. Will it have the stocks that Ross trades? Cheers

[@davidpaor6824]

@@ingdanielluna Can you tell me the brokers you joined which dont offer some small cap stocks? Was it IBKR among them?

[@Nas989.]

Hi Ross, Whats the best Broker for UK investors in terms of speed of execution. Charles Swab or IBKR?

[@markread6233]

Did you find out in the end? I’m from UK and looking into this too

[@Nas989.]

@markread6233 haven't got an answer. I think for UK IBKR will have to do.

[@p.c.h.6721]

Both are fine.

[@jamesp206]

FWIW I have a Lightspeed account and I live in Brazil. They have a 25K minimum officially, but I’ve seen it lowered to 5K (need to ask them)

[@DaytradeWarrior]

That’s true but they still require $25k to trade more than 3 times in 5 days.

[@yooser3212]

hi Ross ~ 1st, T H A N K Y O U ♾️ More of a platform question than a broker issue - started trading with CMEG yesterday, small account - using Sterling & having order issues - it handles limit orders strangely, for instance, and their terminology is unique. It was a green day, but the fees took 60% of that and am now wondering if it was how I set up the hot buttons/fills. I am proficient and profitable on TDA/TOS - blew my PDT, so for now am using CMEG to wait it out. They offered to let me switch to DAS which also has mobile access, where Sterling does not. *** TLDR lol: My burning question for you is: is DAS more comparable to TOS or should I stick with Sterling?

[@DaytradeWarrior]

DAS is going to be better

[@imadchouiha]

I am from Algeria and I want to open an account with Interactive Brokers. I have a question about whether the PDT rule applies to Algerian users

[@ShaferHart]

Including CMEG alongside Charles Schwab and IB is an insult.

[@mudzibaba]

IB itself doesn't seem great for Ross's momentum and micro pullback strategies? Do you combine IB with something like TradingView?

[@aaronsmith1833]

I’m already bored and confused. Whilst having 2 high yield savings accounts , maxed out 401k and HSA, And 529B, and emergency savings funded and 2 brokerage accounts.

[@mclarenmark4714]

What about (Multibank)Mex Atlantic ?

[@AlexF-qx7co]

I had a question for anyone that might know. As a US resident, can you user Interactive Brokers that's located in another country, while trading US stocks and get by the PDT rule?

[@FloydCheong]

non us also restrict to pdt , it base on broker

[@julianneale6128]

So in London Charles Schwab UK has recently stopped enforcing the PDT rule. If I'm a UK resident and can now open and trade Charles Schwab UK with less than $25K, I'm thinking thats a very good thing. What am I missing compared with the same in the USA?

[@DaytradeWarrior]

That’s great! Not sure how they compare tho

[@davidpaor6824]

Do you have cash or margin account? And which account allows you to daytrade (not waiting for settlement time)?

[@timp2315]

You mention in some of your past videos the IBKR has horrible fills. Is this still the case? I'm using the paper trading now and see slow fill i assume it will be even worse on the live version.

[@DaytradeWarrior]

Ross has not used them as of late so he cannot speak to their platform in it's current state.

[@malayrajapasa8860]

Centerpoint just came to canada.. Minimum 20000 untill 31 oct.

[@DaytradeWarrior]

Cool, thanks for sharing!

[@stuntsaguilera]

Ross, help me understand what you said about TD Ameritrade. I am in Brazil, they allow people to use TD Ameritrade here, but I would like to know if they require 25K from those who have an account with them anywhere in the world or just $25K for those who live in the United States? Thanks in advance

[@DaytradeWarrior]

The PDT rule is for people trading within the US only.

[@stuntsaguilera]

@@DaytradeWarrior Thanks for replying. I thought you said it is required to have $25K in the account with TD ameritrade from anywhere in the world. Anyways, I am a warrior member and I am loving how much I am learning with you guys!

[@junman-on3yz]

What about Tiger trade and MooMoo?

[@AlyMonir]

What's your opinion about Exness?

[@Sarah-km4vf]

thats to trade indices not stocks

[@itsmemaldy7071]

Interactive broker is not free commision.

[@davidpaor6824]

Can you share me your experience while daytrading? Apart from commision, is there any violation regarding settlement time?

[@itsmemaldy7071]

@@davidpaor6824 Use Zimtra for daytrading is the best you can use at the moment ,is a prop firm but is like a broker ,only if you not live in USA

[@MLTOPPLAYER]

I don't have so much money to deposit, does anyone know any prop firm that allows trade stocks (equities)? I have searched everywhere.

[@DaytradeWarrior]

These are two offshore brokers that people in our community or our educators have used that you can research. For accounts under $25,000 (as little as $500), you can take a look at CME Group (US and all international residents except Canada). - CME Group review: www.warriortrading.com/capital-markets-elite-group-review/ - CME Group website: cmelitegroup.com For accounts under $25,000 (minimum deposit of $1000 available to anyone outside of the USA except Canadians): - TradeZero review: www.warriortrading.com/trade-zero-broker-review-how-it-matches-up/ - TradeZero website: tradezero.co/ This article can be a helpful resource for exploring your options for day trading with less than $25k! www.warriortrading.com/how-to-day-trade-without-25k/

[@lsnetwork6455]

IB does not require 25K to start investing in their platform. You can start with much less than that.

[@mudzibaba]

IB itself doesn't seem great for Ross's momentum and micro pullback strategies? Do you combine IB with something like TradingView?

[@Unknown-nr5zu]

Hey Ross, Charles Schwab dont' provide international traders with margin accounts at all, even if you have more than 25k. I tried multiple times, they always rejected my margin account request form stating we don't allow non-US clients with margin account only cash account.😞

[@DaytradeWarrior]

That's interesting, they say on their website that they do but I'm not sure.

[@michaelhowe9419]

also webull dont allow uk people to have margin accounts only cash

[@EuphoricWaves12]

Am from Africa Nigeria, I don't know which broker I can use to trade stocks option

[@NnennaNnenna_]

In my research, Trade Zero is available for Nigeria

[@beardlong8235]

isnt robinhood free? I dont get it. What about fidelity? Can we Europeans use some of those?

[@DaytradeWarrior]

You can check out this article on brokers: www.warriortrading.com/best-brokers-for-small-accounts/

[@truthimagination2997]

Do you have to register being an international trader?

[@DaytradeWarrior]

Nope you don't have to do that

[@FloydCheong]

interactive brokers market data subscription fee is insane high , right ?

[@DaytradeWarrior]

Interesting, thanks for sharing.

[@alfredloh6914]

Hi Ross, Charles Schwab compare to Tradestation, who execution speed is faster?

[@DaytradeWarrior]

That likely varies based on what markets you're looking to trade. We recommend checking with them for help with your specific needs!

[@fantasticchupacabra7205]

does anyone have a recommendation specifically for europeans?

[@DaytradeWarrior]

These brokers accept international residents. We recommend reaching out to them directly to see if they meet your needs.

[@emilradziszewski5332]

can you have a cash account in charles schwab and is it possible to trade there with a demo account

[@vithurshangnanasooriyan2706]

Bi ross, we didnt you kist your lightning speed ?

[@DaytradeWarrior]

Lightspeed only accepted US residents at the time this video was made.

[@donnaleewilliams8626]

great

[@fiddlests]

Any recommendation for the Canadian?

[@gingerbread6134]

I dont think canadians have PDT rule

[@DaytradeWarrior]

TD Direct

[@edh6062]

I use IBKR in Canada, just because I day trade futures. No complaints

[@rashadahmadov4395]

​@@DaytradeWarriorTD has direct access?

[@fiddlests]

I think td‘s trading fee it too much

[@mate-way]

best brokers for intraday are prop companies: more shorts, lower comissions + automatic risk management. cons: they have payout 5-15%, so good idea to open entrepreneurship or renounce US citizenship for other with 0% tax on dividends and capital gains

[@mate-way]

@@Splendor-fb5xq you've banned in Google ? "Prop Trading Firms" "Entrepreneurship taxation US" "Self-Employed taxation US" "Small Enterprise taxation US"

[@DaytradeWarrior]

All about using what suits you and your goals.

[@maxximilianm3752]

Ross, just to sign up with these platforms i have to deposit min 25k? woah

[@DaytradeWarrior]

Some have lower minimums, it's always good to reach out to see if they will make any exceptions!

[@gingerbread6134]

Sorry Ross thats not about the topic..... I dont get it.... Why a multi millionaire trade in the middle of the Vermont when he can do it from LA , San Francisco , Miami , Key Islands , Palm Beach where there is no winter/snow ? I am from Canada and sadly we have winter and snow

[@JoeyBlogs007]

$25K minimum is only if you want a margin account.

[@JoeyBlogs007]

You just set up a cash account.

[@melliflore]

For someone based in India?

[@DaytradeWarrior]

These brokers accept international residents, you would have to reach out to them directly for more specific information.

[@maxleeds1145]

Komasava🎉

[@Floweaver]

Degiro if your in Europe

[@DaytradeWarrior]

Thanks for the suggestion!

[@FBrasco]

Not for day trading. No trading platform nothing. Just web based.

[@fantasticchupacabra7205]

charles schwab the company is not doing great... would not touch it.

[@p.c.h.6721]

Charles schwab wasn't doing well, but now they are fine.

[@zewarreziki904]

Does these brokers support iraq or not !?

[@DaytradeWarrior]

These brokers accept international residents, you would have to reach out to them directly for more specific information.

[@SantoshUSA7]

👍

[@DaytradeWarrior]

🙌

[@romanticstatusfc7231]

test

[@DaytradeWarrior]

Hey! 👋