Hi Everyone,
After much searching and bugging IB Support it seems I won't be able to trade USD from Australia.
It seems Aussies are not allowed a Margin account. My goal was to do basic trading on low price stocks with the 30k cash I saved. I read their requirements but didn't find the "no margin for international users" rule. :cry:
If you have any advice I would be very grateful such as another Broker (eTrade?). I'm also going to contact some American and Aussie friends for advice.
Cheers, :)
Mark
After much searching and bugging IB Support it seems I won't be able to trade USD from Australia.
It seems Aussies are not allowed a Margin account. My goal was to do basic trading on low price stocks with the 30k cash I saved. I read their requirements but didn't find the "no margin for international users" rule. :cry:
If you have any advice I would be very grateful such as another Broker (eTrade?). I'm also going to contact some American and Aussie friends for advice.
Cheers, :)
Mark
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