Top 10 Investment Brokers Which Accept International Customers & Quick Guide

[PhantomOf ThePits]

Admin said:
If someone is investing in stocks and other stuff as an professional I would really like to hear about it here 🙂
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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.

Last edited: Jun 18, 2021

 

[uplana]

Newworld said:
Trading 212 is very good! Very satisfied
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Thanks for your feedback, looking into something to go easy.

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[lory]

Have been with Naga for some time already, have no complains!

 

[blizz]

PhantomOf ThePits said:
Oanda may be good if you want to trade FX for longer term positions as their overnight swaps are pretty ok.
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thanks will have to look into them.

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[Silvio]

uplana said:
Thanks for your feedback, looking into something to go easy.
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Not fully sure but I think Trading 212 is not a real broker, they are only a CFD broker. As evident by the fact that you can't transfer your shares from Trading212 to a different broker
https://helpcentre.trading212.com/h...-I-transfer-my-shares-from-to-another-broker-
All these "zero commission" broker are usually a scam. If you care about stability focus on the brokers that actually own the shares and allow transferring to other brokers\banks for custody.
E.g. Avoid eToro, Trading 212, etc.

 

[jjrapy]

maxmmm said:
Not fully sure but I think Trading 212 is not a real broker, they are only a CFD broker. As evident by the fact that you can't transfer your shares from Trading212 to a different broker
https://helpcentre.trading212.com/h...-I-transfer-my-shares-from-to-another-broker-
All these "zero commission" broker are usually a scam. If you care about stability focus on the brokers that actually own the shares and allow transferring to other brokers\banks for custody.
E.g. Avoid eToro, Trading 212, etc.
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They're not only cfd broker. I have an account with them but just a few dollars into ETFs.
for the average investor is quite a good option, easy open account process, debit card funding (with a fee after 2k transferred), easygoing app for me and fractional shares.
nevertheless I would like to go to IBKR but not so much capital yet to make it worth versus administrative costs (wire and ibkr fees).

 

[JohnLocke]

maxmmm said:
E.g. Avoid eToro, Trading 212, etc.
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do you had any bad expericene with them ?

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[blizz]

found some genuine providers, thank you.

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[boomy]

PhantomOf ThePits said:
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.
Click to expand...

Thank you, all I need to know. Saxo bank looks not bad.

 

[Silvio]

boomy said:
Thank you, all I need to know. Saxo bank looks not bad.
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Saxo is expensive, make sure you read the fine print re the fees. Especially expensive custody fee if you're a buy N hold investor.

James Spader said:
do you had any bad expericene with them ?
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Not a particularly bad experience but their TrustPilot is full of bad reviews (for eToro).
Essentially they are not a broker, they are a gambling platform because you don't own the shares that you buy and you can't transfer them to any other broker.
It's just a CFD closed-system platform where you can bet on direction of shares.

 

[stivemoose]

Hello,
With my US LLC non-resident, can I sign to InteractiveBrokers with success? How will be when I return a profit to Mercury Bank for example? Do they allow it? And taxes in this scheme will be zero?

 

[clemens]

how many places are you going to post your question?

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[stivemoose]

clemens said:
Clemens how many places are you going to post your question?
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In two places, specific to tradings topic. If't is an issue admin can remove it with no issue.

 

[Deepbarrels]

Anybody has used or heard of Wealth Management Platform for International Investors - Ardan International ? A financial planner advised me to use it but it doesn't have such good reviews online.

 

[Dom pedro]

stivemoose said:
Hello,
With my US LLC non-resident, can I sign to InteractiveBrokers with success? How will be when I return a profit to Mercury Bank for example? Do they allow it? And taxes in this scheme will be zero?
Click to expand...

I could do it. I haven't withdraw yet but I believe it shouldnt be a problem as long as you always deposit/withdraw from a bank account under the company's name.

If any other person who has a US LLC could open a stock broker account other than IBKR please tell us. I would like to have an alternative, as they are very petulant and may close my account someday.

 

[myhand]

I found IBKR to be complicated to work with in all ways.

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[Nicholas Van Orton]

A bit late to the thread, just to say you'd better stay away from IG, 212 and eToro...a bunch of quasi-$cams that take the other side of your trade and enjoy watching your trades go south, whilst they incentivize the every bit in you to gamble, not invest or trade in a 'rational' way. Just a thought (from knowing them a bit in depth).

NVO

 

[bizman]

Nicholas Van Orton said:
A bit late to the thread, just to say you'd better stay away from IG, 212 and eToro...a bunch of quasi-$cams that take the other side of your trade and enjoy watching your trades go south, whilst they incentivize the every bit in you to gamble, not invest or trade in a 'rational' way. Just a thought (from knowing them a bit in depth).

NVO
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What would you suggest ?

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[Nicholas Van Orton]

Stick to the solid ones: IBKR (with the added bonus of extremley low commissions -yes, even for retail accounts- on all products traded) and/or Tradestation (higher fees and less intuitive). Some people here like Schwab; I don't know and can't comment as I haven't tried them, so that might be a third option. The rest are either missing some markets, outright crooks that take the other side of your trade (aka, your money, in the end) or just introducing agents of bigger players.

NVO

 

[denniz07]

Nicholas Van Orton said:
Stick to the solid ones: IBKR (with the added bonus of extremley low commissions -yes, even for retail accounts- on all products traded)
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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.