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International exposure is an important part of good portfolio diversification. While you can get some exposure through ETFs and American Depositary Receipts (ADRs), our review of the best brokers for international trading looks at brokerage firms that give you direct access to international assets.
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To qualify as an international broker for our review, the brokerage firm must be located in the US, be regulated by the US, and offer the ability to buy and sell stocks to international clients. We’ll also look at the access the broker offers to international exchanges outside the US and how it supports traders moving between currencies. For the international trading category, we looked at brokers with the largest selection of assets in international markets. We also considered the overall platform functionality and order types, as these features are essential for successful trading in global markets.
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Our survey revealed a clear winner for both the overall best international trading platform and the best online broker for non-US investors. Interactive Brokers has by far the largest global reach of any broker we reviewed. If you’re looking for international markets in a more meaningful way than ETFs, Interactive Brokers offers you the largest selection of markets on a robust platform with great trading tools. According to the broker, clients in more than 200 countries can use Interactive Brokers to access 150 markets in 23 different currencies. Given the rate at which Interactive Brokers is adding markets, it’s likely that number will continue to grow.
Interactive Brokers (IBKR) is in no danger of being dethroned as our choice for the best US-based online broker for international trading. Clients can trade stocks, options, futures, forex, bonds and mutual funds from one integrated account. The company accepts clients from more than 200 countries and territories and supports trading in 150 markets in 33 countries in 23 currencies. In addition, Interactive Brokers offers an advanced trading platform with excellent trading tools and excellent order execution. These robust features allow traders to set positions across markets and asset classes in a way that is hard to match.
Interactive Brokers also wins Best Online Broker for Non-US Investors. Interactive Brokers offers global access, allowing you to fund your account in your local currency and then convert at market rates to trade outside your local market. Again, it’s hard to see any of the current brokers catching up to interactive brokers anytime soon simply because the gap is so wide. If you are located outside of the US and want to trade assets directly worldwide, Interactive Brokers is by far the best choice.
When it comes to international trading, Interactive Brokers’ competitors face an uphill battle. Not only does Interactive Brokers have a wide global reach that allows traders to roam the markets 24 hours a day, but it backs it all up with one of the strongest trading platforms and the lowest margin rates.
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Multi-market, multi-asset trades that previously required the resources of a Soros-like hedge fund can be managed from a single Interactive Brokers brokerage account. Interactive Brokers has also shown that it is unlikely to be satisfied with improving the breadth and depth of its offering. Interactive Brokers added cryptocurrency trading to its platform and removed what some investors saw as a serious limitation.
It should be noted that the large supply and complex instruments are intimidating if you are new to investing. As a newer investor, you may be able to find all the international exposure you want through ETFs on a simpler platform. However, if you are serious about international trading, there is no better broker than Interactive Brokers.
An international broker is a brokerage firm that offers international investors the opportunity to buy and sell stocks. To qualify as an international broker for our review, a brokerage firm must be located in the US and be regulated by the US. Two of the main reasons individual investors want to invest in international investments (or investments that offer international exposure) are diversification and growth potential, especially in emerging markets.
There are a few ways that individual investors can gain exposure to international markets. For example, investors may invest in American Depository Receipts (ADRs), US-registered mutual funds, or US-registered ETFs that invest in foreign securities. However, in order to buy individual shares from the foreign market, you need to open an account with an international broker – one that supports the buying and selling of international shares.
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Once you’ve opened and funded an account with an international broker, buying international stocks is similar to buying stocks on US exchanges. You may need to request access (including price data) for the specific exchange(s) you wish to trade. You may also need to research the stock and ticker symbol to make sure you are trading the intended stock.
In general, international shares must be bought and sold on the same exchange (e.g. if you buy shares in France, you must sell them there as well). Certain exchanges may have additional requirements. For example, the Tokyo Stock Exchange and the Osaka Stock Exchange impose daily price limits on all securities to manage volatility. Depending on your broker, commissions and fees for international transactions may differ from those for US stocks, and foreign exchange fees may apply.
When choosing an international broker, look for the same features you want from any broker: a strong reputation in the industry, up-to-date security standards, good customer support, reasonable costs, robust trading tools, useful educational content, and access to the markets you want. want to trade.
In most cases, legal US residents who are not US citizens can open US-based brokerage accounts by completing the required paperwork and proving their tax status. Non-US citizens living outside the US can open an account if the broker accepts applications from their country of residence.
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A small group of online brokers allow you to trade in foreign markets. You can find stocks, bonds, futures and currencies to trade, but be aware of additional risks such as limited liquidity and exchange rate fluctuations.
If you are interested in one or two international markets, you may consider opening an account with a local broker in that country. The biggest danger here is that regulators outside the US may not be as proactive, and foreign brokers have been known to shut down overnight and run away with their clients’ assets.
Is dedicated to providing investors with unbiased, in-depth reviews and ratings of online brokers. Our reviews are the result of months of evaluating all aspects of an online brokerage platform, including user experience, quality of trade execution, products available on its platforms, costs and fees, security, mobile experience and customer support. We put together a rating scale based on our criteria, collecting thousands of data points that we weighted into our star rating system.
For investors who wish to trade instruments traded in markets directly outside the United States, a small subset of online brokers allow trading in foreign markets. You can find stocks, bonds, futures and currencies to trade, but be aware of additional risks such as limited liquidity and exchange rate fluctuations. To identify the best brokers for international trading, we focused on which companies offered the largest selection of assets in international markets. The overall functionality of the platform and variety of order types were then also measured, as these are important for successful trading when performing follow-up on markets spanning the globe. Joshua Kennon is an expert in investments, assets and markets, and retirement planning. He is the managing director and co-founder of asset management firm Kennon-Green & Co.
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Erika Rasure is the founder of Crypto Goddess. It is the first learning community created for women to learn how to invest their money – and themselves – in crypto, blockchain and the future of finance and digital assets. He is a financial therapist and is recognized worldwide as a leading expert and educator in personal finance and cryptocurrencies.
This beginner’s guide to online stock trading will give you a starting point and walk you through the basics so you can feel confident about picking stocks, choosing a broker, placing a trade, and more.
Take the time to research the reputation, fees, and reviews of the various options. You want to make sure you choose the best online broker for your situation.
When researching, look at trading commissions (many offer free trading), how easy the app or website is to use, and whether it has
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