In this article we are going to list the 5 best online brokers for non-US residents. For a detailed coverage of this topic and a more comprehensive look, please head on over to the best 10 best online brokers for non-US residents.
5. Saxo Bank
Overall Rating: 4.6/5
Account Minimum: £500
Fees: Competitive FX spread costs; Host of additional costs
Based in Demark, founded in 1992, Saxo Bank classifies itself as “a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.” It is mainly used by advanced traders and is rated amongst the best forex brokers. It offers a wide range of offerings, advanced user interfaces and advanced research facilities. However, it is not ideal foe beginner traders due to its relatively high account minimums, limited support options, and higher-than-average bottom-line trading costs.
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4. Swissquote
Overall Rating: 4.6/5
Account Minimum: $0
Fees: trading fees are generally high, including stocks and ETFs fees, and there is a fee for withdrawing your money, no inactivity fee, impressive selection of funds for favorable fees
Swissquote Group was founded in Switzerland in 1996, and it has since established itself as one of the most highly trusted and well-known brokers in the world. The company has earned a coveted listing on the Swiss stock exchange (SIX:SQN) and over 330,000 client accounts across Europe, Asia, the Middle East, and Latin America. Swissquote offers a broad range of products across many markets. There are many stocks, mutual funds, and a lot of different other types of products, from bonds to cryptos. However, the trading fees of Swissquote is quite high.
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3. CMC Markets
Overall Rating: 4.7/5
Account Minimum: $0
Fees: Spread cost; Additional charge for guaranteed stops; Commissions; Overnight financing costs; Inactivity fees
CMC Markets (CMC), founded in 1989, is a well-established, publicly traded, and highly regarded U.K. forex broker that has successfully adapted to the ever-changing online brokerage landscape. The company is listed on the London Stock Exchange (LSE) under the ticker symbol, CMCX. It is recommended because it is an excellent fit for all types of traders, with a broad spectrum of product offerings and an accessible, top-feature platform that is Next Generation. Ideal for new traders, CMC Markets emphasizes on customer services, research facilities, and various educational resources.
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2. TradeStation Global
Overall Rating: 4.7/5
Account Minimum: $1000 on its own platform
Fees: low trading fees, especially for stocks and ETFs
TradeStation Global a brand of TradeStation International Ltd, which is based in the UK and is regulated by the top-tier Financial Conduct Authority (FCA).TradeStation Global is a combined product offered by Interactive Brokers (NASDAQ:IBKR) and TradeStation. Some of the most important elements and key helpful features include the fact that the account opening, deposit/withdrawal options, and available products are the same as at Interactive Brokers. You can use both Interactive Brokers’s and TradeStation’s own desktop platform for your online trading experience. However, TradeStation Global charges its own fees and offers its own customer support and educational tools.
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1. Interactive Brokers
Overall Rating: 4.75/5
Account Minimum: $0
Fees: Maximum $0.005 per share for Pro platform or 1% of trade value, $0 for IBKR Lite
Interactive Brokers tops the list of the 10 best online brokers for non-US residents. It offers a wide variety of security classes like stocks, options, futures, bonds and more. It works in 31 countries, 22 currencies and 125 markets. It is very suitable for intermediate investors and well-experienced traders across the globe. The company also offers educational resources services aimed at non-actives investors.
See also: 5 best brokers for penny stocks and 10 most successful investors in the world today
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