Top 10 Investment Brokers Which Accept International Customers & Quick Guide

[ajhernan]

PhantomOf ThePits said:
Hi,
I'm trading professionally for a long time.

From the Brokers above, I'd recommend IBKR and SAXO for active traders in stocks/futures/options.
Reasons are:
- Stable platform
- possibility to use their APIs for algo trading
- can trade many products in many countries
- brokers are in business for a long time
- lots of funds/family offices use them and depending on AUM/Volume have dedicated Institutional Desk
- fees/overnight swaps for FX are negotiable based on your volume
- FX: Saxo also offers OTC FX options -- IBKR good for short-term FX day trading but not for longer term as their overnight funding rates/swaps are expensive.

If you want to pay slightly more fees, but have a 'good software' to build on use TradeStation.

IG, depending on where you live is often CFDs (Contracts for Difference) which basically are not 'real stocks'.
How they make money with CFDs is that they charge you 'interest overnight' on the leveraged positions which can add up quite a lot depending how long you want to hold the underying.
But I still use them from time to time as they have a wide range of underlyings and if you need high leverage to trade on specific underlyings that comes in handy sometimes.

EToro/Trading 212 are mostly retail based introducing brokers selling their flow -- so for most of retail clients it doesnt make too much of a difference and their platforms are well designed/userfriendly to trade with from mobile phone.

Oanda may be good if you want to trade FX for longer term positions as their overnight swaps are pretty ok.

Let me know if you have other questions and I'm trying to help.
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Hello, nice review,
I also think that Pepperstone is a good broker, they have many regulations.
What do you think about them?

 

[Nicholas Van Orton]

denniz07 said:
How about tax related things ? I have an account on IBKR and it seems to be not straight forward to make tax declarations. Swissquate for example has a special service for it. They charge you "only" 100 CHF but at least you don't have to work for it.
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You're right. However, you can ask (same for FX brokers, in my case, too) for verified and stamped official year-end statements so you can attach them as proof of income in your tax declaration. That should be enough. What I get is an official pdf which I just print out (some brokers will send you physical docs by courier at an extra cost), and I keep the contact details of the sender ready should the authorities ask for them to verify the statement(s) ... which they NEVER do.

NVO

 

[mytoofood]

Newworld said:
Trading 212 is very good! Very satisfied
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you still happy with them ?

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[matihop]

denniz07 said:
How about tax related things ? I have an account on IBKR and it seems to be not straight forward to make tax declarations. Swissquate for example has a special service for it. They charge you "only" 100 CHF but at least you don't have to work for it.
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I've been using Saxo for many years. For the taxes purposes I just printed out the statements each year and filled my tax form in my country (I had to calculate the taxes on my own). I've never had any problem. I even doubt they verify anything from the foreign broker account. Never asked me for the statements. I suppose they are happy they collect more taxes.

 

[kilor]

Cetme308win said:
not as a professional but I'm trading a portfolio of options and futures following some hedge fund strategies with my Seychelles IBC setup
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What brokerage account you are using for your Seychelles IBC?

 

[viudes]

IBKR don't accept Seychelles IBC, I'm trying in saxo bank but it takes a long time

 

[EliasIT]

Saxobank will not accept Seychelles companies any longer after all the trouble they had during the last years.

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[viudes]

EliasIT said:
Saxobank will not accept Seychelles companies any longer after all the trouble they had during the last years.
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They even accept it, but you have to have a bank account in Seychelles. which made me give up because there are few banks in Seychelles

I managed to open a brokerage account with SAKs (saxo bank white label) and investoreurope.

I preferred to use Saks because I felt more confident, they respond quickly

 

[myhand]

viudes said:
I managed to open a brokerage account with SAKs (saxo bank white label) and investoreurope.
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That sounds something I want to try.

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[orangeye]

JohnLocke said:
Founded in 2007, eToro is regulated by a few associations and represents an excellent choice for both newbies and experienced traders. It is one of the investment brokers which accepts international customers and aims to establish a community where everyone can make some money. In fact, eToro is known as one of the most appreciated copy trading platforms. Newbies can copy successful trades from more experienced traders, but also observe trends and learn.
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Does anyone here use eToro for their investment portfolio for international stocks not only USA?

What I'm looking for is a reliable and not to hard to apply for account opening platform. They work with Wise which is a major benefit for me.

 

[lory]

orangeye said:
Does anyone here use eToro for their investment portfolio for international stocks not only USA?
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I plan using them in the near future, they are easy to work with as I read.