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Best Online Brokerages for International Trading

By on December 26, 2012

International tradingFor several years international trading has been the sole domain of the rich and the average investor was denied access to international markets because of the prohibitive costs of hiring a broker.

Now, that situation has changed with the emergence of several discounted online brokers. Now the average trader has access to all the world’s top emerging markets while paying only a fraction of what he/she would be paying to a full service broker.

The ability to trade overseas offers the trader the luxury of diversifying his stocks while minimizing personal risk. Taking the significance of international trading into account Barron’s now also ranks the brokers according to the level of proficiency in the kind of international trading experiences provided to the investors.

Interactive Brokers

Interactive Brokers (IB) is top broker for this category according to Barron’s 17th annual review, with a rating of 4.5 stars. This top spot is well deserved. IB provides facilities for trading in forex, options, stocks, futures and bonds.

Their investors have access to over a 100 top markets in across 19 of the worlds emerging and developed economies, and all from a single account. IB charges a significant amount of $10,000 for opening up an account but offers unparalleled support for international trading and offers its investors a very competitive fee structure.

More on Interactive Brokers.

TradeStation

TradeStation was ranked as joint first in this category along with IB, with a rating of 4.5 stars. TradeStation has a really advanced and award winning platform to offer to its investors.

Its version of virtual trading, called paper-trade is really popular among traders for its ease of use and effectiveness. Extensive market data is supplied to the traders.

They also have a very transparent pricing policy with the involvement of no hidden fee at all. A very vibrant and interactive community of online traders and excellent customer education programs serve to update the trader on the latest events taking place in trading.

More on TradeStation.

ChoiceTrade

ChoiceTrade offers a very cheap and clearly defined fee structure for investments and trades. They deal in stocks, options, forex, ETF’s and mutual funds. ChoiceTrade has a very well connected investor community which interacts regularly to discuss the top stocks across the world.

They also offer several innovative products such as the Power Basket, WatchPlus, the Options Strategy Identifier that have the capability to develop and adjust to contingencies far beyond the capabilities of a conventional broker.

More on ChoiceTrade.

Fidelity

It shouldn’t come as a surprise to find Fidelity’s name on this list. Fidelity provides its investors with the opportunity to trade in 17 markets and utilizes 13 different currencies in the process.

Fidelity allows all non-retirement accounts access to its international trading facilities. The orders can be placed at any time of the day but will be executed only during business hours of the local market.

You can trade in international as well as domestic stocks with only a single stock. You are provided ready access to top notch international research reports, news reports, real time quotes and advanced charting capabilities

More on Fidelity.

MB Trading

MB Trading received a top rank in the category of the top brokers for international trading primarily because of its innovations and excellent services as regards to forex.

The work done by MB Trading is driving the progress being made in the highly regarded 3DFOREX. MB Trading has pioneered the development of this field with the availability of direct access and also transparent and fair currency execution systems.

More on MB Trading.

About Peter Voga

Self-confessed coffee addict. Family man. Rage Against The Machine fan. Lover (and sometimes hater) of the stock market. Founder of BrokerChats. For more, follow me @petervoga or check me out on Facebook or Google+.

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