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To find the best online brokers for beginners in St. Vincent & Grenadines in 2021, we went ahead and did the research for you. We conducted interviews with newbies who had no trading experience. We tested 91 brokers of which 3 made it to the top. And now, without further ado...

The best online brokers for beginners in St. Vincent & Grenadines in 2021 are:

  1. Questrade - the best broker for beginners in St. Vincent & Grenadines in 2021. Low stock and ETF fees. Solid research tools. Superb customer service.
  2. Firstrade is the runner-up. Free stock, ETF, fund and options trading. Solid research tools. Quality educational tools.
  3. Zacks Trade placed third. Low fees. Extensive stock and ETF selection. Great customer service.
Best brokers for beginners in St. Vincent & Grenadines in 2021
Broker Info Best in
#1 Questrade Canadian stockbroker
#2 Firstrade US discount broker Best IRA broker
#3 Zacks Trade US discount broker Best broker for investing

What makes a great broker for beginners? Two things above all: an excellent mobile trading platform and low fees (learn more about brokerage fees here). The service should fit your needs and make everything easy. It should offer great educational tools, like a demo account, and provide webinars or courses. It must be easy to open an account and deposit funds.

All that is easy to list, but hard to figure out. That's why we are testing brokers along more than 300 criteria, using real accounts and real money. So we know what's up.

Not sure which broker is best for you? For a tailored recommendation, check out our broker finder tool. You can enter your country and it will narrow down the list of brokers to those that are available where you live. Want more details? Compare brokers with our in-depth comparison tool.

And now, let's see the best online brokers for beginners in St. Vincent & Grenadines in 2021 one by one. Starting with the winner, Questrade.

Questrade Logo

#1 Best broker for beginners
Questrade

4.6

Questrade, founded in 1999, is one of the most popular brokerage firms in Canada. It is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and is a member of the Canadian Investor Protection Fund (CIPF).

Questrade is considered safe because it has a long track record and is regulated by a top-tier regulator.

Recommended for traders and investors focusing on the canadian and us markets

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#1 Questrade
Mobile trading platform
4.8

The Questrade mobile trading platform is great. It is user-friendly and well-designed.
Pros Cons
User-friendly None
Two-step (safer) login
Good variety of order types
Best brokers for beginners - Questrade trading platform
Questrade trading platforms
Questrade Firstrade Zacks Trade
Mobile platform score 4.8 stars 3.3 stars 3.8 stars
Web platform score 3.8 stars 4.3 stars 4.5 stars

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#1 Questrade
Fees
3.8

Questrade has competitive fees for stocks, ETFs, funds and forex trading. However, margin rates are slightly at the higher end.
Pros Cons
Low non-trading fees High margin rates
Low stock and ETF fees / Free stock trading
Low fund fees
Questrade fees
Questrade Firstrade Zacks Trade
US stock $5.0 $0.0 $1.0
UK stock - - $16.8

All commissions are for opening a position, holding for a week, and closing.

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#1 Questrade
Education
4.0

Questrade offers an adequate amount of educational and tutorial materials for both novice and advanced traders. However, the educational section could be more structured.
Pros Cons
Demo account Educational section is hard to navigate
Trading platform tutorial
Educational videos
Best brokers for beginners - Questrade education

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#1 Questrade
Customer service
4.5

Questrade has great customer service, with polite staff that gave detailed answers quickly on all available channels. However, support is unfortunately not available 24/7.
Pros Cons
Phone support No 24/7 support
Live chat
Fast response time
Questrade customer service channels
Questrade Firstrade Zacks Trade
Live chat Yes No Yes
Phone Yes Yes Yes
Email Yes Yes Yes

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#1 Questrade
Account opening
3.8

For Canadian citizens, opening an account at Questrade is easy and fully digital. However, there is a high minimum deposit of $1,000.
Pros Cons
Fast Minimum deposit is higher than $500
Fully digital Complicated for non-Canadians
User-friendly
Questrade minimum deposit and time to open an account
Questrade Firstrade Zacks Trade
Minimum deposit $1,000 $0 $0
Time to open account 1 day 1-3 days >3 days

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#1 Questrade
Deposit and withdrawal
2.7

Deposits and withdrawals are free and user-friendly with electronic transfer for Canadians. However, the process is expensive for non-Canadians and non-Visa debit cards are not available.
Pros Cons
Free withdrawal Slow withdrawal - over 3 days
No deposit fee High fee for wire withdrawals
User-friendly Non-Visa debit card not available
Questrade withdrawal fee and options
Questrade Firstrade Zacks Trade
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets Yes No No
Withdrawal fee $0 $0 $0

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#1 Questrade
Verdict

Questrade is among the fastest-growing online brokerage firms in Canada. Its stock and ETF fees are low, research tools are advanced and customer service is outstanding.

Questrade has some shortcomings as well. Even though the account opening process for Canadians is quick and easy, it's slow and time-consuming if you are not Canadian. You can face high withdrawal fees if you are not a Canadian citizen and there are only USD and CAD as account base currencies.

Since Questrade has advanced research tools and offers great customer service, feel free to give it a try.

Questrade
Summary Questrade is a Canadian online brokerage firm. Questrade is a member of Canadian self-regulatory industry body IIROC and the Canadian Investor Protection Fund (CIPF).
Fees score 3.8 stars
Recommended for Traders and investors focusing on the Canadian and US markets

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Firstrade Logo

#2 Best broker for beginners
Firstrade

4.3

Firstrade is a US discount stockbroker regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The company was founded in 1985 under the name of First Flushing Securities.

Firstrade is considered safe because it has a long track record and is overseen by top-tier regulators.

Recommended for beginners and investors looking for zero-commission trading, focusing on the us market

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#2 Firstrade
Mobile trading platform
3.3

Firstrade's mobile platform is user-friendly with a great search function. On the other hand, two-step login and price alerts are not provided and you can't trade mutual funds or bonds.
Pros Cons
User-friendly No two-step (safer) login
Good search function No price alerts
Good variety of order types Mutual funds and bonds are not covered
Best brokers for beginners - Firstrade trading platform
Firstrade trading platforms
Questrade Firstrade Zacks Trade
Mobile platform score 4.8 stars 3.3 stars 3.8 stars
Web platform score 3.8 stars 4.3 stars 4.5 stars

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#2 Firstrade
Fees
4.7

Firstrade has low fees. It offers free stock, ETF, funds, and options trading with low non-trading fees. However, margin rates are high.
Pros Cons
Low trading fees High margin rates
Low non-trading fees
Free stock, ETF, fund and options trading
Firstrade fees
Questrade Firstrade Zacks Trade
US stock $5.0 $0.0 $1.0
UK stock - - $16.8

All commissions are for opening a position, holding for a week, and closing.

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#2 Firstrade
Education
3.5

Are you a beginner or do you believe in life long learning? Then Firstrade is clearly a good match for you. They offer great educational articles, a useful glossary, a bunch of platform videos and webinars. However, there is no demo account.
Pros Cons
Trading platform tutorial No demo account
Educational videos
Best brokers for beginners - Firstrade education

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#2 Firstrade
Customer service
0.3

Firstrade's phone and chat support are slow and do not provide relevant information most of the time. On the other hand, we received mostly relevant answers in email.
Pros Cons
Email support No live chat
No 24/7 support
Slow support
Irrelevant answers
Phone support didn't connect anyone
Firstrade customer service channels
Questrade Firstrade Zacks Trade
Live chat Yes No Yes
Phone Yes Yes Yes
Email Yes Yes Yes

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#2 Firstrade
Account opening
4.4

Account opening is fully digital and user-friendly, and is open to international customers. On the flip side, the process was slow for us, taking almost 3 business days.
Pros Cons
Fully digital Slow account verification
No minimum deposit
Low minimum deposit
Firstrade minimum deposit and time to open an account
Questrade Firstrade Zacks Trade
Minimum deposit $1,000 $0 $0
Time to open account 1 day 1-3 days >3 days

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#2 Firstrade
Deposit and withdrawal
2.0

We liked Firstrade's user-friendly deposit and withdrawal process. There is no deposit fee and transferring money is easy. At the same time, there is still room for improvement: you can use only bank transfers and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly Only one account base currency
High outgoing wire transfer fee
Firstrade withdrawal fee and options
Questrade Firstrade Zacks Trade
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets Yes No No
Withdrawal fee $0 $0 $0

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#2 Firstrade
Verdict

Firstrade is one of the biggest discount US stockbrokers and is regulated by top-tier regulators.

Firstrade offers free stock, ETF, mutual funds, and options trading. It doesn't charge inactivity and account fees, and there are lots of quality research and educational tools you can use.

There are some drawbacks, though. Firstrade doesn't accept credit/debit cards and electronic wallets for money transfer. The product portfolio covers only the US market. Customer service is only available 24/5 and you can't contact them via live chat. 

As it has low fees and no inactivity fee is charged, feel free to try Firstrade.

Firstrade
Summary Firstrade is a US discount broker regulated by the top-tier SEC and FINRA.
Fees score 4.7 stars
Recommended for Beginners and investors looking for zero-commission trading, focusing on the US market

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Zacks Trade Logo

#3 Best broker for beginners
Zacks Trade

4.4

Zacks Trade is a US-based discount broker and a division of LBMZ Securities. LBMZ Securities was founded in 1978 and is regulated by the top-tier US financial authorities SEC and FINRA.

LBMZ Securities's clearing and execution services are provided through Interactive Brokers, a global stockbroker regulated by many top-tier financial authorities globally.

If you're familiar with the services of Interactive Brokers, you might notice that many of Zacks Trade's services are the same. To sum up:

  • Zacks Trade has its own, different fee structure, product selection, educational tools and customer support.
  • The account opening and deposit/withdrawal processes, trading platforms and research tools are the same as at Interactive Brokers.

Zacks Trade is considered safe because it has a long track record and is overseen by top-tier regulators. 

Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees

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#3 Zacks Trade
Mobile trading platform
3.8

The Zacks Trade mobile trading platform, called Handy Trader, has a lot of functions and a useful chatbot, but its user interface could be better.
Pros Cons
Two-step (safer) login User interface is a bit complex
Good search function
Good variety of order types
Best brokers for beginners - Zacks Trade trading platform
Zacks Trade trading platforms
Questrade Firstrade Zacks Trade
Mobile platform score 4.8 stars 3.3 stars 3.8 stars
Web platform score 3.8 stars 4.3 stars 4.5 stars

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#3 Zacks Trade
Fees
4.2

Zacks Trade has low trading and non-trading fees. Its stock, ETF and bond trading fees are especially low, while mutual fund fees are quite high.
Pros Cons
Low stock and ETF fees / Free stock trading High fund fees
No withdrawal fee
No inactivity fee
Zacks Trade fees
Questrade Firstrade Zacks Trade
US stock $5.0 $0.0 $1.0
UK stock - - $16.8

All commissions are for opening a position, holding for a week, and closing.

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#3 Zacks Trade
Education
2.5

Zacks Trade offers a demo account and videos on how to use its system. However, we missed some educational tools, such as general educational videos or webinars.
Pros Cons
Demo account No educational videos
Trading platform tutorial No webinars
Best brokers for beginners - Zacks Trade education

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#3 Zacks Trade
Customer service
4.3

Zacks Trade customer service is quick and useful although we missed the 24-hour support that would help out international customers.
Pros Cons
Phone support No 24/7 support
Live chat
Fast response time
Zacks Trade customer service channels
Questrade Firstrade Zacks Trade
Live chat Yes No Yes
Phone Yes Yes Yes
Email Yes Yes Yes

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#3 Zacks Trade
Account opening
2.8

Zacks Trade has a fully digital account opening for clients all over the world, and there is no minimum deposit. On the negative side, we found the process slow and hard to navigate.
Pros Cons
Fully digital Slow
No minimum deposit Not user-friendly
Zacks Trade minimum deposit and time to open an account
Questrade Firstrade Zacks Trade
Minimum deposit $1,000 $0 $0
Time to open account 1 day 1-3 days >3 days

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#3 Zacks Trade
Deposit and withdrawal
3.5

Zacks Trade offers one free withdrawal per month for nearly all base currencies. However, you cannot use credit/debit cards or electronic wallets to deposit or withdraw funds.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
Zacks Trade withdrawal fee and options
Questrade Firstrade Zacks Trade
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets Yes No No
Withdrawal fee $0 $0 $0

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#3 Zacks Trade
Verdict

Zacks Trade is a great US discount broker. It is a division of LBMZ Securities, which is regulated by the SEC and FINRA.

On the plus side, Zacks Trade has low fees, outstanding stock and ETF selections and great customer service.

There are some drawbacks though, as its desktop trading platform and research tools are quite complex. The account opening is complicated and slow. Lastly, we missed some useful educational tools.

As Zacks Trade provides a demo account and doesn't require any minimum deposit, feel free to try it.

Zacks Trade
Summary Zacks Trade is a US discount broker that also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by the SIPC scheme, up to $500,000 (including a $250,000 limit for cash).
Fees score 4.2 stars
Recommended for Traders and investors looking for comprehensive research tools, a wide product selection and low fees

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Best brokers for beginners
What makes a great broker for beginners

Now you know which are the best brokers for beginners. Curious how we put together this list? Let's go through two points in some more detail: whether these brokers are safe, and how we compiled the list.

Are these brokers safe?

You can be sure none of them is a scam. They are regulated by at least one top-tier authority. Some of them are also listed on an exchange, and some have a banking background.

However, brokerage companies can also go bust. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of a broker bankruptcy, your money is safe.

If a worst-case scenario happens and, for example, the broker steals your assets, then you have a last resort: the compensation fund of the country where the broker is regulated.

How did BrokerChooser pick the best brokers for beginners?

At BrokerChooser we test online brokers along more than 300 criteria, with a real account and real money. In order not to overwhelm you, here are just the five most important criteria for brokers for beginners:

5 most important criteria for the best brokers for beginners in 2021
1. Mobile trading platform A user-friendly and well-equipped trading platform can significantly increase your comfort with trading.
2. Fees The overall cost of a typical trade can be 10-15 times higher at one broker than at another. So it is pays to check the fees.
3. Education Are you unfamiliar with concepts like spread or leverage? Good educational tools can help you to understand the basics of trading.
4. Account opening Some online brokers require a minimum first-time deposit, others don't. Check out what conditions the best online brokers have.
5. Deposit and withdrawal Withdrawing money from your account can be 5 times longer and more expensive from one broker to another.

Best brokers for beginners
Start your learning

When you are a beginner the best way to start your journey is by learning.

Below, you can find some very useful learning materials to start with.

If you are considering starting your investment journey by learning, check out our how-to-invest page, where you can find a lot of great materials. Learn about the pros and cons of investing your money on your own or the difference between trading and investing. You can also take a look at this article on account opening if you want to learn how you can open a trading account.

For beginner buy-and-hold investors we recommend reading our how to buy shares and how to buy ETFs articles.

For beginners who want to learn to trade, we can provide even more. A professional trader wrote about how to become a trader. Most beginner traders start with forex trading. If you don't know anything about this topic, start with our forex primer article. CFDs have also become very popular, but they are very risky. Start learning about this product type with this introduction to CFD trading and continue with the pros and cons of CFD trading.

Cryptos are a hot topic, but also super risky. We dug into it and found the safest ways to invest in Bitcoin. Highly recommended if you are considering cryptos.

When you become more experienced and start exploring futures options, you should definitely check out our article on the topic.

Best brokers for beginners
Bottom line

You saw the details, now let's zoom out. Here are once again the best brokers for beginners in St. Vincent & Grenadines in 2021:

Best brokers for beginners in St. Vincent & Grenadines in 2021
Questrade Firstrade Zacks Trade
Award Best IRA broker Best broker for investing
Mobile platform score 4.8 stars 3.3 stars 3.8 stars
Fees score 3.8 stars 4.7 stars 4.2 stars
Education score 4.0 stars 3.5 stars 2.5 stars
Customer service score 4.5 stars 0.3 stars 4.3 stars
Account opening score 3.8 stars 4.4 stars 2.8 stars
Deposit and withdrawal score 2.7 stars 2.0 stars 3.5 stars
Visit broker Visit broker Visit broker

Questrade is our winner, the best broker for beginners in St. Vincent & Grenadines in 2021. Low stock and ETF fees. Solid research tools. Superb customer service.

All the other brokers in the top five are considered great choices as well. Pick any of them and take the next step in your investment journey. Let us know what you think in the comment section.

Still unsure? Use our broker finder to find the best broker for you or learn more about investing your money.

Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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