Forum Archive Index - June 2001

["Mike Hudson" <mikehudson@clear.net.nz>]

Sandy

 

There are many online brokers you can use. I use Datek as do other members of this forum. You will be blown away by the steaming quotes, portfolio summaries etc that are available.

 

Go to www.datek.com and have look round the site and if you like what you see click on Open an Account

 

Download and complete the online registration form. Once you are registered you will be allocated an account number and be able to access all the info on the site which will give you a good idea of its functionality.

 

You will also have to print a copy, sign it and send mail it to them. You will also need to complete a form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding; This is needed for the US tax authorities and you should be able to download a blank form from the site

 

You will then receive a notification the the account has been approved.

 

Then you need to fund the account either by sending over a bank draft in US$or by telegraphic transfer.

 

You will then get an e-mail notification the your account has been funded and then away you go. The whole process should take about ten days

 

You can trade in any of the US listed stocks, warrants,and options. You can also trade on margin and/or sell short if you have the nerve.

 

Trades cost a flat $9.99

 

You can have a cheque book on the account if you want one.

 

I have used them for over a year and found them excellent.

 

If you want any more info please feel free to e-mail me

 

Cheers

Mike H