Options Article

I am Indian, Can I Trade Options on the U.S. Exchanges and with which Brokers?

Last Updated: September 30, 2020

Article Summary
Key Takeaways
Article

I am Indian, Can I Trade Options on the U.S. Exchanges and with which Brokers?

Sure! There is no U.S. law that forbids foreign nationals from trading securities in the U.S., including options. The decision open account with a broker/dealer is up to the individual firm themselves. Conditions, however, can be placed on the brokerage accounts of foreign nationals who are non-residents of the U.S. as well as certain additional requirements for the establishment of an account. This varies by broker.

What are the Requirements?

If you have not resided in the U.S. for at least 183 days in the last three years, you will be deemed a non-resident for the purpose of establishing an account.You will complete form W8-BEN (Certificate of Foreign Status) for the purposes of tax withholding, which every U.S. brokerage account holder is subject to, regardless of where you reside. The question about margin accounts are under the control of individual broker/dealers who grant such extensions of credit under Reg. T, in accordance with the rules of respective securities exchange and the Securities and Exchange Commission (SEC). The requirements for opening an account as a foreign national varies (thus no exhaustive list of which U.S. firms accept foreign retail customers exists); the best advice is to contact individual brokerage houses directly to inquire about their requirements for both opening an account and trading on margin as a foreign citizen.

OptionAutomator deals with providing technology to assist consumer level options trader in making better decisions when it comes to trading options. Our aim has always been to grant access to our software for all. As such, we’ve created a blog post that details more the requirements for opening a brokerage account as a non-resident foreigner.

We provide The Brutus Options Ranker that ranks options strategies based on stated investment criteria.

RELATED READ  What are the pros and cons of options trading vs. equity trading?

Ready to Start the Options Ranker?

Secure your lifetime, free account while the Brutus Options Ranker is in Beta phase (limited time).

The link below will bring you to the software without registration.  Later, you can secure your free account and save your strategy for daily ranking.
Visit the Options Screener

Was This Content Helpful for You?

About the 'You Ask, We Answer' Category
Great questions set the foundation to learning any new skill.
Here you will find expanded answers on common questions we receive both at OptionAutomator and on Quora
More in this Category

Social Images

homeusercrossmenuarrow-right-circle
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram
 
Thanks for sharing. Connect with us on social media for additional content!