International exposure is a crucial component of a well-diversified portfolio. While ETFs and American Depositary Receipts (ADRs) can provide some exposure, our study of the top brokers for international trading focuses on brokerage firms that provide direct access to overseas assets.
To be considered an international broker for our analysis, a brokerage business must be headquartered in the United States, be regulated in the United States, and allow foreign customers to buy and sell stocks. We also check for a broker’s access to international exchanges outside of the United States and how it assists traders moving between currencies. For the international trading category, we looked at the brokers who had the most assets available across foreign marketplaces. We also assessed overall platform functionality and order types, since these elements are critical to effective trading in global markets.
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Table of Contents
Best International Brokers For Stock Trading
1: Interactive Brokers
Interactive Brokers (IBKR) is not at risk of losing its position as the leading US-based online broker for international trading. Customers can use a single integrated account to trade stocks, options, futures, currency, bonds, and mutual funds. The firm allows consumers from over 220 countries and territories and offers trading on 135 marketplaces in 33 countries utilizing 23 currencies. Furthermore, Interactive Brokers provides a comprehensive trading platform with improved order execution and trading features. 2 These powerful tools allow traders to put up positions across markets and asset classes in ways that no other broker can presently match.
2: Degiro
Despite being a relatively new player, having just been founded in 2008, Degiro has swiftly established a solid name throughout Europe. Initially, they solely served retail clients in the Netherlands, where it all began. They did, however, extend their operations to serve the entire continent in just six years.
Degiro focuses on traditional asset investments such as stocks, futures, and options. Unfortunately, they do not provide forex, cryptocurrency, or CFD trading on their platform. Users looking for those three will have to search elsewhere.
Nonetheless, despite its limits, this organization excels at the things it does provide.
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3: Saxo Bank
Saxo Bank, originally known as Midas Fondsmglerselskab, is another European company. This was their moniker until 1992 when they were granted a banking license. However, they do not provide traditional banking services and instead operate only as an internet brokerage.
Despite having a rather diverse portfolio, Saxo Bank is one of the top FX trading platforms. Given the volatility of the foreign exchange market, they mitigate risk by giving well-researched assessments and projections based on significant market patterns.
Furthermore, their commissions are modest, and they have the top currency pair ranking among international stock brokers.
4: TradeStation
TradeStation, founded in 1982 by brothers William and Rafael Cruz, was formerly known as Omega Research. Even today, their major goal is to give newbies an easier approach to analyzing data through charts and try out their ideas before trading. The firm formally moved from a software company to an international brokerage, as we know it now, in 2001.
Aside from that functionality, TradeStation’s many mobile and web-based platforms are attractive and simple to use. As a result, even individuals with no prior knowledge may navigate them rather effortlessly.
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5: TD Ameritrade
This firm is most likely the most established on our list. TD Ameritrade was created in 1971 Ameritrade before agreeing to manage TD Waterhouse’s US-based activities just fifteen years ago. Currently, the business manages assets worth around $1.3 trillion.
TD Ameritrade, like its American counterpart, Interactive Brokers LLC, provides a diverse product offering that includes equities, futures, margin lending, mutual funds, and even riskier choices like FX and cryptocurrency. Unfortunately, their services are mostly available in the United States of America.
Serving a specific market, on the other hand, has enabled them to give excellent customer service. Their support crew responds swiftly to queries and is available around the clock, which is wonderful news for newcomers.
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