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My requirements for US stockbrokers #

• Support Non-Resident Alien (NRA) Accounts.

  I am not a US resident.

• A member of SIPC.

  SIPC was created under the Securities Investor Protection Act as a non-profit membership corporation. SIPC oversees the liquidation of member firms that close when the firm is bankrupt or in financial trouble, and customer assets are missing. In a liquidation under the Securities Investor Protection Act, SIPC and the court-appointed Trustee work to return customers’ securities and cash as quickly as possible. Within limits, SIPC expedites the return of missing customer property by protecting each customer up to $500,000 for securities and cash (including a $250,000 limit for cash only).

• Offer fractional shares (stock slices).

  This feature is very friendly to a poor man such as me.

Candicates #

• IBKR

  • No commissions for US stock trades under IBKR Lite account.
  • Support trading non-US stocks on local exchanges overseas.
  • Fractional trading is not supported via API, though.
  • Had put AMC, BB, EXPR, GME, and KOSS option trading into liquidation on 2021-01-28.

• Charles Schwab

  • No commissions for US stock trades.
  • Only supports fractional trading S&P 500 stocks.
  • Require at least 25K USD to open an NRA account.
  • Additional visa debit card, no ATM fees worldwide.
  • Only estricted selling naked calls and tightened margin requirements for GME alike securites on 2021-01-28.