The foreign brokerages thread

Let's discuss foreign brokerages here. The point is to give those of us in the US (and Canada I guess) some offshore options.

The most obvious one would be Alliance Investments/Alliance Trading. Now I applied last Thursday, and STILL have yet to get a response. I've e-mailed, contacted through their online form, tried calling their VoIP number (which on my cellphone, rings once, then disconnects; on my landline via calling card, it doesn't even ring, its just pure silence), tried faxing their efax line, and even tried faxing their Jamaica fax number but I got a response from my fax service that said someone picked up on the other end. Not sure if that's an answering machine or what.

I haven't tried calling their Jamaican number though since I'll save the international call for tomorrow I guess.

At any rate I'm very, very disappointing in these guys and all the people who said they had no problems with them must either be from a long time ago or just lying. Who knows.

With this brokerage so hard to reach, I am now extremely reluctant to trust them with any of my money (who knows how difficult and impossible it'd be to wire the money out again when I want).


Anyway, anyone know of any other, reputable brokerages that are offshore? The main reason for being offshore is so we don't have to deal with kind of sometimes silly regulations here, like the PDT regulations and still get decent margin leverage.

Discuss away!

Well, it looks like I'm going to officially abondon Alliance. Man, a week and lots of time wasted, plus some copies of some personal info sitting somewhere in their office. This sucks, but I guess it could've been worse.

So for anyone else new, do not try Alliance. I guess they were a solution two or three years ago, but I'm not even sure they really even exist anymore. And as it appears, there are no other foreign brokerages.

So I guess the only solution at this point, short of staying within three roundtrips a week, would be to start researching prop firms. We'll see if its even possible to succeed under that kind of structure.