Table of Contents
The Best Brokers For International Trade
International Trading Online For 2021, Interactive Brokers offers the best platforms for international trading
Our editors independently research and also recommend the best products and services. You can learn more about our independent review process and also our partners in our disclosure to advertisers. In addition, we may receive commissions for purchases made from our chosen links. The selection of the best brokers for international trading ultimately comes down to who has the most products in the most markets. Still, we also judge the best global trading platforms regarding their quality and also tools.
Interactive Brokers (IBKR) again emerges as the overall winner with Best Online Broker for International Trading and also Best Online Broker for Non-US Investors, categories it has dominated for years. Fidelity completes the list with the best international trading platform for beginners. International investors will find that each forum covers the global ETF and also ADR universes along with direct access to assets in global markets.
- Best Online Broker for International Trading: Interactive Brokers
- Best Online Broker for Non-US Investors: Interactive Brokers
- Best International Trading Platform for Beginners: Fidelity
Interactive Brokers:
Best Online Broker for International Trading and also Best Online Broker for Transactions Outside US Investors. Why We choose Interactive Brokers (IBKR) is hands down our top choice for the best online broker for international trading. International traders can access all the usual ADRs, global mutual funds, and also ETFs at IBKR. However, the real advantage of Interactive Brokers is that it opens international trading opportunities in 150 markets in 33 countries, using 24 currencies. Within these markets, you have access to stocks, options, futures, currencies, bonds, and mutual funds from around the world, and IBKR gives you the trading tools and also analysis to make the most of them.
Advantage
- An unparalleled list of assets spanning the global market
- You can compare global stock prices and financials, all in the currency of your choice
- Global Analyst allows selection by region, country, industry, market capitalization, and currency
- Trader Workstation (TWS) is a powerful tool with a high level of customization
- Cons
- The steep learning curve of available assets and tools
- TWS can be intimidating for new traders
- Tiered pricing and fees can be confusing
Overview
Interactive Brokers was founded in 1978 by its current president, Thomas Peter. The company is by far the best international broker available. Providing trade execution and custody of securities, commodities, and financial assets across the US and foreign markets 24 hours a day, seven days a week. . IBKR offers trading on 150 markets in 24 currencies. Their fees remain tiered among the most competitive.
Innovations at IBKR Include a Market Interest Rate Paid On Uninvested Cash,
the IBKR Global Trader mobile app, and the addition of fractional share trading for European stocks and ETFs, building on existing capabilities to American products. In a nod to environmental, social, and also governance (ESG) investing, investors can offset their carbon footprint with the new IMPACT app. Current and new international traders will welcome TWS innovations, including a global news feed and also additional support for future Australian Security Exchange (ASX) products.
International traders can access the financial markets and also all assets on desktop, web, and mobile, including the IBKR mobile app and also IBKR Global Trader; TWS is among the best platforms with features suitable for beginners and also professional traders. In addition, TWS stands packed with technical analysis tools, Social Sentiment by Social Market Analytics, ESG scores, and also extensive research tools.
Other International Business Considerations
A small group of online brokers allows you to trade in foreign markets. You’ll find stocks, bonds, futures, and also currencies to trade. But be aware of additional risks such as limited liquidity and also currency exchange rate fluctuations. If you are interested in one or two international markets, you might consider opening an account with a local broker in that country. The most significant risk here is that regulatory agencies outside the US may not be as proactive. Foreign brokerages have remained known to go out of business overnight, fleeing with their client’s assets. To avoid that risk, you might consider investing in a sector fund. Which invests in companies within a particular geographic region or company.
Conclusion
Interactive Brokers (IBKR) emerges once again as the overall winner with the best online broker for international trading and the best online broker for non-US investors, categories it has dominated for years now. Fidelity rounds out the list with the best international trading platform for beginners
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