Recently, there has been an issue with overseas investments requiring tax payments, as Tiger Brokers, Futu, and Longbridge are all Hong Kong-based brokers that transmit data back to the mainland. Therefore, many people are opening accounts with IBKR. In the third quarter, $Interactive Brokers(IBKR.US) may have more upside potential compared to other brokers.
$UP Fintech(TIGR.US) The second and third players in the industry seem to be able to follow $Futu(FUTU.US) to share the profits. However, the market has been good this year, and the incremental funds can allow all brokers to share the pie. The key issue is that your illegal account opening was called out, so you need to keep a low profile from now on.
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