Advertisement
Open an Account With the Lowest-Cost Broker

Best discount brokers in Aruba in 2023

Interactive Brokers Logo
1st place
Interactive Brokers
TradeStation Global Logo
2nd place
TradeStation Global
Alpaca Trading Logo
3rd place
Alpaca Trading

How did we come up with this list of best discount brokers in 2023 for citizens in Aruba? A great broker to buy stocks with love fees is the backbone of many trading strategies.

  • So we checked trading fees, with a special focus on stock and ETF fees,
  • We scrutinized non-trading fees (e.g. inactivity fees and withdrawal fees),
  • We took measure of their investment product selection,
  • We opened an account and tested their services with our own money.

Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology. Now let's jump straight to the results.

The top 5 picks for the best online discount brokers for Aruban citizens in 2023:

  1. Interactive Brokers is the best discount broker in Aruba in 2023. - Low trading and non-trading fees, free stock and ETF trading for US customers.
  2. TradeStation Global - Low trading and average non-trading fees.
  3. Alpaca Trading - Free stock and ETF trading, low non-trading fees.
  4. MEXEM - Average trading and non-trading fees.
  5. TradeStation - Low trading fees, average non-trading fees, free stock and ETF trading for US customers.
Best discount brokers in 2023 for Aruban citizens
Interactive Brokers TradeStation Global Alpaca Trading MEXEM TradeStation
Broker intro International broker providing all asset classes UK-based global stockbroker US API broker Global stockbroker US stockbroker
Fees score 4.5 stars 4.0 stars 4.8 stars 3.8 stars 4.2 stars
Markets and products score 5.0 stars 5.0 stars 2.6 stars 4.9 stars 3.2 stars
Deposit and withdrawal score 3.0 stars 3.5 stars 1.8 stars 3.5 stars 2.2 stars

Fees at the top 5 discount brokers for Aruban citizens in 2023:

What makes a good discount broker? Well, did we mention low fees? This includes commissions, financing rates, and, let's not forget, non-trading fees like inactivity or withdrawal fees. The tables below give you a good summary.

Trading fees at Best discount brokers
Interactive Brokers TradeStation Global Alpaca Trading MEXEM TradeStation
US stock $1.0 $1.5 $0.0 $2.5 $0.0
UK stock $3.4 $2.0 - $2.8 -
US stock index options $6.5 $15.0 - $20.0 $6.0
Mutual fund $15.0 $25.0 - $5.0 $15.0
Non-trading fees at Best discount brokers
Interactive Brokers TradeStation Global Alpaca Trading MEXEM TradeStation
Account fee No No No No No
Inactivity fee No No No No Yes
Withdrawal fee $0 $0 $0 $0 $0

Available investments at the top 5 discount brokers for Aruban citizens in 2023:

Besides lowest trading fees and non-trading fees, a good discount brokerage firm should also offer access to a lot of markets and products, because providing low fees in more than one asset class is not an easy job. All brokers in our list offer real stocks, but we also looked into whether you can trade currencies, options or mutual funds.

Best discount brokers markets and products
Interactive Brokers TradeStation Global Alpaca Trading MEXEM TradeStation
Stocks Yes Yes Yes Yes Yes
ETFs Yes Yes Yes Yes Yes
Forex Yes Yes No Yes No
Funds Yes Yes No Yes Yes
Bonds Yes Yes No Yes Yes
Options Yes Yes No Yes Yes
Futures Yes Yes No Yes Yes
CFDs Yes Yes No No No
Crypto Yes Yes Yes No Yes

Best discount brokers
Get the best brokers tailored to your needs


Didn't find the best broker for you? Answer a few questions and get a personalized broker list!
Get a personalized broker recommendation
125,500 people already found a broker via this tool!

Your broker toplist will be selected based on your answers.

Where do you live?
More info

And now, let's see the top discount brokers in detail one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best discount broker
Interactive Brokers

Recommended for traders looking for broad market access and a professional trading environment

Visit broker

Interactive Brokers snapshot
Trading fee class Low
Fractional share dealing Yes
OTC share dealing Yes
Minimum deposit $0
Inactivity fee No
Easiness of account opening 3.2 stars
Read review For a detailed analysis of Interactive Brokers services, check out our review for 2023
TradeStation Global Logo

#2 Best discount broker
TradeStation Global

Recommended for traders and investors looking for low fees and a wide selection of products

Visit broker

TradeStation Global snapshot
Trading fee class Low
Fractional share dealing Yes
OTC share dealing Yes
Minimum deposit $0
Inactivity fee No
Easiness of account opening 4.0 stars
Read review For a detailed analysis of TradeStation Global services, check out our review for 2023
Alpaca Trading Logo

#3 Best discount broker
Alpaca Trading

Recommended for traders interested in algorithmic stock trading

Visit broker

Alpaca Trading snapshot
Trading fee class Low
Fractional share dealing Yes
OTC share dealing No
Minimum deposit $0
Inactivity fee No
Easiness of account opening 4.8 stars
Read review For a detailed analysis of Alpaca Trading services, check out our review for 2023
MEXEM Logo

#4 Best discount broker
MEXEM

Recommended for investors and traders looking for low fees and sophisticated trading platforms

Visit broker

MEXEM snapshot
Trading fee class Low
Fractional share dealing Yes
OTC share dealing Yes
Minimum deposit $0
Inactivity fee No
Easiness of account opening 5.0 stars
Read review For a detailed analysis of MEXEM services, check out our review for 2023
TradeStation Logo

#5 Best discount broker
TradeStation

Recommended for traders focusing on us markets and buy-and-hold investing

Visit broker

TradeStation snapshot
Trading fee class Low
Fractional share dealing No
OTC share dealing Yes
Minimum deposit $0
Inactivity fee Yes
Easiness of account opening 5.0 stars
Read review For a detailed analysis of TradeStation services, check out our review for 2023

Best discount brokers
What makes a good discount broker?

How did BrokerChooser pick the best discount brokers?

We tested brokers based on almost 500 criteria, using real accounts and real money. When we selected the best discount brokers, the primary selection criteria were fees. Importantly, we only included brokers where you can trade real stocks. This means that we excluded brokers where stocks were only offered through CFDs.

We calculated the rankings based on trading fees for all asset classes, such as stock fees; as well as fees not directly related to trading, such as withdrawal fees. We also assigned a higher score to brokers that offer a wide range of asset classes, because providing low fees in more than one asset class is not an easy job and definitely a big plus for investors.

Lastly, we incorporated additional criteria to measure the overall quality of the broker: if the account opening process, customer service and other aspects of the broker are high quality, they all boosted the overall score.

Are these brokers reliable?

These brokers are all considered reliable. They are regulated by at least one top-tier financial authority. We at BrokerChooser distinguish between mid-tier and top-tier regulators, based on various factors with the most important being the investor protection amount.

Still unsure? Check out our broker finder tool and find the best broker for you, or learn more about how to invest your money.

Best discount brokers
FAQ

What is a discount broker?

A discount stock broker is a brokerage company that executes your buy and sell orders at a low trading fee. Discount brokers can afford to charge lower fees because, unlike full-service brokers, they usually don't provide extra services such as research, personal investment advice, tax planning or robo-advisory.

The difference between full-service brokers and discount brokers has blurred somewhat in recent years. Discount brokers started to offer extra services as well, like research; while full-service brokers started to lower their fees. The traditional brokerage and wealth management industry is under fee pressure from increasingly cost-effective online broker companies.

Many US brokers have slashed their fees to zero and now promote commission-free trading, following in the footsteps of brokers such as Robinhood. Drawbacks for some of these commission-free brokers include the limited number of assets you can trade (for example, mutual funds are less likely to be offered), so some investors and traders still prefer traditional discount brokers, where order execution also tends to be better compared with zero-commission brokers.

Author of this article

Ádám Nasli

Author of this article

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Ádám Nasli

Analyst head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

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

Share

Comments

×