EasyEquities - USD Real Account

[r4nd0m]

Just to add to the pool, because I have 3 US based brokerage accounts that I can verify as legit providers:

https://just2trade.com/

• $2500 minimum
• $2.50 trading fee
• $15 quarterly charge until account >= $50k

https://www.zackstrade.com/

• $2500 minimum
• $3.00 trading fee
• no other fees
• SAME platform as interactive-brokers
• zacks is well known for their investment research

https://drivewealth.com/

• no minimum
• $2.99 trading fee
• no other fees
• web interface available, but they're heavy into app based trading

I struggled many years ago to find brokers who'd give me an account and were based in the US. Through these brokers I have access to pretty much all US stocks and ETF's.

Why: Diversification, broader access, cheaper fees (long term) and USD based

Funding: Forex transfer from my bank account to theirs via SWIFT (FNB)

Tax: 15% dividend tax is taken by them since we have a tax treaty with the US. You are responsible for CGT on disposal locally and interest declarations locally. Go research

Tip: When looking for a US based broker, make sure they are registered with FINRA (actually go verify this on FINRA's site) and SIPC (also verify).

Hope this helps someone.

 

[FrankieK]

Make sure you read up on US Estate Tax before investing substantial amounts in US securities.

http://kmatzlaw.com/yahoo_site_admi...on_of_Nonresident_Aliens_Updated.22862210.pdf

 

[Diabolix]

Any good ETF's to look at through EasyEquities USD?

There are quite a lot, and not sure where to start. Looking at constant dividend payout ETF like DIVTRX.

Some while ago I found a poster talking about a ETF that does monthly payouts, but not sure if it is available through EasyEquities.

 

[FrankieK]

Any good ETF's to look at through EasyEquities USD?

There are quite a lot, and not sure where to start. Looking at constant dividend payout ETF like DIVTRX.

Some while ago I found a poster talking about a ETF that does monthly payouts, but not sure if it is available through EasyEquities.

For monthly pay dividends you need to look at Closed Ended Funds (CEFs). They trade on the NYSE like a normal stock. Not sure if these are available on EE USD but you can start here with due diligence:

http://www.cefconnect.com/

If you want an ETF then look at AMZA. The Infracap MLP ETF. Current yield 22.75% per year. They employ a covered call strategy to boost the quarterly payout.

As always, caveat emptor.

 

[HavocXphere]

This looks interesting:

Stock Yield Enhancement Program
https://www.interactivebrokers.com/en/index.php?f=14527#sf_stockYield

Earn extra income on the fully-paid shares of stock held in your account by joining IB's Stock Yield Enhancement Program. This plan allows IB to borrow shares from you in exchange for cash collateral, and then lend the shares to traders who want to sell them short and are willing to pay interest to borrow them. Each day that your stock is on loan, you will be paid interest on the cash collateral posted to your account for the loan based on market rates.

So I get growth on my shares, dividends and someone pays me to borrow them.

Dear god.

It's pretty common. So of the low cost providers do this automatically & use the gains to cover the low fees they charge.

 

[Scooby_Doo]

Any thoughts on the 4Sight listing on AltX exchange through EE?

This is the wrong thread