Author Topic: Interactive Brokers  (Read 86 times)

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Offline Don McKinnon

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Interactive Brokers
« on: 14/06/2019, 05:42:54 PM »
Hi everyone,

The US based broker, Interactive Brokers, now operates in Australia and some of major problems that local investors have had with it in recent years no longer exist.  New Austalian clients can now set up accounts for their SMSFs and IB's low brokerages on US market trades are available for new local clients.  Also, the extremely frustrating anti free-riding rules that used to apply to US based clients don't apply to the Aust accounts.  Importantly the Help Desk is now also Australian based during its local working hours with after hours support still based in the US.

IB also executes trades on other markets  It's ASX brokerages are not a low as those of Self Wealth.

All Australian based clients that had the previous US based accounts were transferred to the new Ausralian entity earlier in the year.

It's worth having a look at if you're looking for a new broker for US trades .... https://www.interactivebrokers.com.au/en/index.php?f=39753&p=stocks1

Regards
Don

« Last Edit: 14/06/2019, 05:49:33 PM by Don McKinnon »