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To help you to find the best discount brokers in 2021 for citizens in Guinea, we went ahead and did the research for you. So what did we focus on? Fees, fees, and fees. We don't like them and surely you don't either. Checking carefully, we uncovered all the hidden fees. After testing 81 brokers for fees and checking what markets and products they offer, 5 made it to the top. And now, without further ado...

The top 5 picks for the best discount brokers for Guinean citizens in 2021:

  1. Interactive Brokers is the best discount broker in Guinea in 2021. Low trading fees, average non-trading fee, free stock and ETF trading for US customers.
  2. TradeStation Global takes second place. Low trading and average non-trading fees.
  3. Zacks Trade rounds out the top three. Low trading and non-trading fees, high fund fees.
  4. ChoiceTrade, numero quattro. Low trading fees, high non-trading fees, low stock and ETF fees.
  5. Swissquote just made it to the list at number five. High trading fees, average non-trading fees, low fund fees.
Best discount brokers in 2021 for Guinean citizens
Broker Info Fees score
#1 Interactive Brokers US discount broker 4.2 stars
#2 TradeStation Global UK-based global stockbroker 4.0 stars
#3 Zacks Trade US discount broker 4.3 stars
#4 ChoiceTrade US-based stockbroker 4.4 stars
#5 Swissquote Swiss investment bank 2.2 stars

What makes a good discount broker? Well, did we mention low fees? This holds for commissions, financing rates, and, let's not forget, non-trading fees like inactivity or withdrawal fees. The table above gives you a good hint; the scores include all fees, with 5.0 being the best. Besides low fees, a good discount broker should also offer access to a lot of markets and products. All brokers in our list offer real stocks, but we also looked into whether you can trade bonds, currencies and options.

These features may sound obvious and easy to list, but they're hard to figure out. We are testing brokers based on more than 300 criteria with real accounts and real money. We know what's up.

For a tailored recommendation, check out our broker finder tool. Just enter your country, and it will show you only the relevant brokers. Want more details? Compare brokers with this detailed comparison table.

And now, let's see the best discount brokers for Guinean citizens in 2021 one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best discount broker
Interactive Brokers

4.9

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools High forex fees

Open account

#1 Interactive Brokers
Fees
4.2

Interactive Brokers has low trading fees; for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros Cons
Low trading fees Inactivity fee
Free stock and ETF trading for US clients
Low margin rates
Interactive Brokers trading fees
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
US stock $1.0 $1.5 $1.0 $0.0 $25.0
UK stock $7.8 $2.4 $15.6 - $32.5
EURUSD benchmark fee $8.1 $8.1 - - $8.7
S&P 500 index CFD fee $2.8 $3.8 - - $1.9
US Treasury bond $5.0 $7.5 $5.5 - $75.0
US stock index options $6.5 $15.0 $6.9 $4.0 $19.9
Mutual fund $15.0 $25.0 $27.5 - $9.0
Interactive Brokers non-trading fees
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Account fee No No No Yes No
Inactivity fee Yes No No Yes No
Withdrawal fee $0 $0 $0 $5 $10

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#1 Interactive Brokers
Markets and products
5.0

Through Interactive Brokers, you can access an extremely wide range of markets, and all product types are available.
Interactive Brokers markets and products
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No No Yes
Fund Yes Yes Yes No Yes
Bond Yes Yes Yes No Yes
Options Yes Yes Yes Yes Yes
Futures Yes Yes No No Yes
CFD Yes Yes No No Yes
Crypto Yes Yes No No Yes

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#1 Interactive Brokers
Account opening
3.4

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most account types Confusing messages throughout the process
Interactive Brokers minimum deposit and time to open an account
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Minimum deposit $0 $1,000 $0 $100 $0
Time to open account 1-3 days 1 day >3 days 1-3 days 1 day

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#1 Interactive Brokers
Deposit and withdrawal
3.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
First withdrawal each month free
Interactive Brokers withdrawal fee and options
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $5 $10

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#1 Interactive Brokers
Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker mainly for advanced traders.

On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools

There are some drawbacks, though: there is a high forex fees, and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.

If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers could be a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.2 stars
Recommended for Traders looking for low fees and a professional trading environment

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TradeStation Global Logo

#2 Best discount broker
TradeStation Global

4.7

TradeStation Global is a brand of TradeStation International Ltd, which is based in the UK and is regulated by the top-tier Financial Conduct Authority (FCA).

TradeStation Global is a combined product offered by Interactive Brokers (IB) and TradeStation offered for clients outside the EU/EEA. Here are its most important elements:

  • The account opening, deposit/withdrawal options, and available products are the same as at Interactive Brokers.
  • You can use both Interactive Brokers's and TradeStation's own desktop platform.
  • TradeStation Global charges its own fees, and offers its own customer support and educational tools.

Both Interactive Brokers and TradeStation are reputable brokers, regulated by top-tier financial authorities. While Interactive Brokers is listed on the NASDAQ, TradeStation itself is not: only TradeStation's parent company Monex is listed, on the Tokyo Stock Exchange.

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

Pros Cons
Low stock and ETF fees Only bank transfer allowed for deposit and withdrawal
Wide range of products Complicated account opening
Fast customer service Limited education materials

Open account

#2 TradeStation Global
Fees
4.0

TradeStation Global has low trading fees, especially for stocks and ETFs. There's no inactivity fee and the first withdrawal each month is free. However, mutual fund fees are high.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Low stock and ETF fees
TradeStation Global trading fees
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
US stock $1.0 $1.5 $1.0 $0.0 $25.0
UK stock $7.8 $2.4 $15.6 - $32.5
EURUSD benchmark fee $8.1 $8.1 - - $8.7
S&P 500 index CFD fee $2.8 $3.8 - - $1.9
US Treasury bond $5.0 $7.5 $5.5 - $75.0
US stock index options $6.5 $15.0 $6.9 $4.0 $19.9
Mutual fund $15.0 $25.0 $27.5 - $9.0
TradeStation Global non-trading fees
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Account fee No No No Yes No
Inactivity fee Yes No No Yes No
Withdrawal fee $0 $0 $0 $5 $10

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#2 TradeStation Global
Markets and products
5.0

With TradeStation Global, you can access the same range of product types and exchanges as at Interactive Brokers. This selection is one of the widest among online brokers.
TradeStation Global markets and products
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No No Yes
Fund Yes Yes Yes No Yes
Bond Yes Yes Yes No Yes
Options Yes Yes Yes Yes Yes
Futures Yes Yes No No Yes
CFD Yes Yes No No Yes
Crypto Yes Yes No No Yes

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#2 TradeStation Global
Account opening
2.8

TradeStation Global's account opening is fully digital and fast, but the process is complicated, and there's a high $1,000 minimum deposit required in order to use TSG's own desktop platform.
Pros Cons
Fast $1,000 minimum deposit required for desktop platform
Fully digital Not user-friendly
TradeStation Global minimum deposit and time to open an account
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Minimum deposit $0 $1,000 $0 $100 $0
Time to open account 1-3 days 1 day >3 days 1-3 days 1 day

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#2 TradeStation Global
Deposit and withdrawal
3.5

TradeStation Global offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
No charge for the first withdrawal each month.
TradeStation Global withdrawal fee and options
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $5 $10

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#2 TradeStation Global
Verdict

TradeStation Global has low stock/ETF fees, provides access to a lot of products and markets and has great customer support. The TradeStation Global desktop platform has great charting tools, plenty of indicators, highly customizable watchlists (Radar Screen) and a great programming tool (EasyLanguage).

On the other hand, the deposit and withdrawal process is not user-friendly and you can use only bank transfer. The account opening is complicated, and for full account verification to use the TSG desktop trading platform, a minimum deposit of $1,000 is required.

If you want access to IB's product range and an account without inactivity fees, feel free to try TradeStation Global.

TradeStation Global
Summary TradeStation Global is an introducing broker of Interactive Brokers. This practically means that assets and cash are held with Interactive Brokers, but services like fees and customer support are provided by TradeStation Global. TradeStation Global is regulated by the top-tier UK FCA.
Fees score 4.0 stars
Recommended for Traders and investors looking for low fees and a wide selection of products

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Zacks Trade Logo

#3 Best discount broker
Zacks Trade

4.6

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

Pros Cons
Low fees Complex desktop platform and research tools
Extensive stock and ETF selection Slow and complicated account opening
Great customer service Limited educational tools

Open account

#3 Zacks Trade
Fees
4.3

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 High fund fees
No withdrawal fee
No inactivity fee
Zacks Trade trading fees
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
US stock $1.0 $1.5 $1.0 $0.0 $25.0
UK stock $7.8 $2.4 $15.6 - $32.5
EURUSD benchmark fee $8.1 $8.1 - - $8.7
S&P 500 index CFD fee $2.8 $3.8 - - $1.9
US Treasury bond $5.0 $7.5 $5.5 - $75.0
US stock index options $6.5 $15.0 $6.9 $4.0 $19.9
Mutual fund $15.0 $25.0 $27.5 - $9.0
Zacks Trade non-trading fees
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Account fee No No No Yes No
Inactivity fee Yes No No Yes No
Withdrawal fee $0 $0 $0 $5 $10

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#3 Zacks Trade
Markets and products
3.8

Zacks Trade offers international stocks, ETFs and bonds, which is fairly unique for a US broker, as well as US funds and options. However, you cannot trade futures or forex.
Zacks Trade markets and products
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No No Yes
Fund Yes Yes Yes No Yes
Bond Yes Yes Yes No Yes
Options Yes Yes Yes Yes Yes
Futures Yes Yes No No Yes
CFD Yes Yes No No Yes
Crypto Yes Yes No No 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
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Minimum deposit $0 $1,000 $0 $100 $0
Time to open account 1-3 days 1 day >3 days 1-3 days 1 day

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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
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $5 $10

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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 4.3 stars
Recommended for Traders and investors looking for comprehensive research tools, a wide product selection and low fees

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ChoiceTrade Logo

#4 Best discount broker
ChoiceTrade

4.1

ChoiceTrade is a US-based stockbroker founded in 2000. The broker is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) and it is also a member of SIPC. SIPC membership ensures that clients are eligible for the SIPC investor protection scheme, which protects assets up to $500,000 (cash up to $250,000) per account.

ChoiceTrade is considered safe because it has a long track record, it is regulated by top-tier regulators and it discloses its annual financial statements. 

Recommended for stock and options traders looking for low trading fees and focusing on the us market

Pros Cons
Commission-free listed stock and ETF trades High non-trading fees
Fast and easy account opening Not user-friendly withdrawal
User-friendly mobile trading platform Limited product portfolio

Open account

#4 ChoiceTrade
Fees
4.4

ChoiceTrade charges low trading fees and you can trade listed stocks and ETFs with no commission. On the flip side, the non-trading fees are high.
Pros Cons
Low trading fees Withdrawal fee
Commission-free stock trading Inactivity fee
ChoiceTrade trading fees
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
US stock $1.0 $1.5 $1.0 $0.0 $25.0
UK stock $7.8 $2.4 $15.6 - $32.5
EURUSD benchmark fee $8.1 $8.1 - - $8.7
S&P 500 index CFD fee $2.8 $3.8 - - $1.9
US Treasury bond $5.0 $7.5 $5.5 - $75.0
US stock index options $6.5 $15.0 $6.9 $4.0 $19.9
Mutual fund $15.0 $25.0 $27.5 - $9.0
ChoiceTrade non-trading fees
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Account fee No No No Yes No
Inactivity fee Yes No No Yes No
Withdrawal fee $0 $0 $0 $5 $10

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#4 ChoiceTrade
Markets and products
2.1

ChoiceTrade only offers stocks, ETFs and options traded on US and Canadian exchanges.
ChoiceTrade markets and products
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No No Yes
Fund Yes Yes Yes No Yes
Bond Yes Yes Yes No Yes
Options Yes Yes Yes Yes Yes
Futures Yes Yes No No Yes
CFD Yes Yes No No Yes
Crypto Yes Yes No No Yes

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#4 ChoiceTrade
Account opening
4.4

Opening an account at ChoiceTrade is easy, fast and fully digital for both US and international clients.
Pros Cons
Fully digital None
Low minimum deposit
User-friendly
ChoiceTrade minimum deposit and time to open an account
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Minimum deposit $0 $1,000 $0 $100 $0
Time to open account 1-3 days 1 day >3 days 1-3 days 1 day

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#4 ChoiceTrade
Deposit and withdrawal
0.8

The deposit process at ChoiceTrade is smooth, but withdrawing funds is cumbersome. Credit/debit cards are not accepted, there is a high withdrawal fee and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
High withdrawal fee
Withdrawal is excessively complicated
ChoiceTrade withdrawal fee and options
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $5 $10

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#4 ChoiceTrade
Verdict

US and international clients can trade listed stocks and ETFs with no commission at ChoiceTrade. The account opening is easy, fully digital and takes 1-2 days. The broker also offers a great and user-friendly mobile trading platform.

On the negative side, the inactivity fee and withdrawal fees for bank transfers are high. The withdrawal process is not user-friendly and only bank transfer is available. The product portfolio is limited, you can only trade stocks, ETFs, and options.

Given that the account opening is seamless and you can trade stocks and ETFs with zero commission, feel free to try it.

ChoiceTrade
Summary ChoiceTrade is a US stockbroker, regulated by top-tier US authorities the SEC and FINRA. It is not listed on a stock exchange and does not have a banking backgorund.
Fees score 4.4 stars
Recommended for Stock and options traders looking for low trading fees and focusing on the US market

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Swissquote Logo

#5 Best discount broker
Swissquote

4.7

Swissquote is a Swiss investment bank established in 1996. It has two main trading arms: a Swiss unit for trading stocks, funds, options and futures, and a company in the UK for CFDs and forex.

Formally, Swissquote Bank Ltd is based in Switzerland and is regulated by the Swiss Financial Market Supervisory Authority (FINMA), the country's financial regulator.

The other entity, Swissquote Ltd, is UK-based and offers CFDs and forex trading. It is regulated by the Financial Conduct Authority (FCA), the UK's financial authority.

Swissquote is considered safe because Swissquote Bank Ltd has a banking license, it is listed on the Swiss stock exchange, discloses detailed financials regularly and has a long track record.

Here, we focus mainly on the Swiss entity, sometimes referred to as "Swissquote (CH)". Throughout our content, we will refer to the UK-based entity as "Swissquote Forex (UK)".

Recommended for affluent investors who value safety and are ok with higher fees

Pros Cons
Access to many markets and products High trading fees
No inactivity fee Confusing trading platform selection
Rock-solid background Some research tools are not free

Open account

#5 Swissquote
Fees
2.2

Swissquote charges no inactivity fee and you can trade an impressive selection of funds for favorable fees. On the other hand, trading fees are generally high, including stocks and ETFs fees, and there is a fee for withdrawing your money.
Pros Cons
Low fund fees High stock and ETF fees
No inactivity fee High bond fees
Swissquote trading fees
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
US stock $1.0 $1.5 $1.0 $0.0 $25.0
UK stock $7.8 $2.4 $15.6 - $32.5
EURUSD benchmark fee $8.1 $8.1 - - $8.7
S&P 500 index CFD fee $2.8 $3.8 - - $1.9
US Treasury bond $5.0 $7.5 $5.5 - $75.0
US stock index options $6.5 $15.0 $6.9 $4.0 $19.9
Mutual fund $15.0 $25.0 $27.5 - $9.0
Swissquote non-trading fees
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Account fee No No No Yes No
Inactivity fee Yes No No Yes No
Withdrawal fee $0 $0 $0 $5 $10

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#5 Swissquote
Markets and products
5.0

At Swissquote (CH) you can access many markets and trade with a lot of different product types. At Swissquote Forex (UK) you can trade only forex and some CFDs.
Swissquote markets and products
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex Yes Yes No No Yes
Fund Yes Yes Yes No Yes
Bond Yes Yes Yes No Yes
Options Yes Yes Yes Yes Yes
Futures Yes Yes No No Yes
CFD Yes Yes No No Yes
Crypto Yes Yes No No Yes

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#5 Swissquote
Account opening
4.0

Swissquote offers a fully digital account opening process, although we encountered wait times. There is no minimum deposit for trading accounts, but a high minimum for forex and robo-advisory accounts.
Pros Cons
Fully digital Long wait times
No minimum deposit for trading account Forex and robo-advisor accounts have high minimum
Swissquote minimum deposit and time to open an account
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Minimum deposit $0 $1,000 $0 $100 $0
Time to open account 1-3 days 1 day >3 days 1-3 days 1 day

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#5 Swissquote
Deposit and withdrawal
4.6

Depositing at Swissquote is quick with credit/debit card and can be done in several base currencies. On the negative side, you can only withdraw money via bank transfer, and the Swiss entity charges fees.
Pros Cons
Credit/Debit card available Swiss entity charges withdrawal and deposit fees
Several account base currencies
Swissquote withdrawal fee and options
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $5 $10

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#5 Swissquote
Verdict

Swissquote is an investment bank with a rock-solid background:

  • It is Swiss,
  • it is listed on an exchange
  • and it is a bank

It has two main entities, one in the UK and one in Switzerland. If you open an account at the London-based entity you can trade forex and CFDs, while the Swiss entity gives you access to assets ranging from stocks to options.

Swissquote offers a broad range of products across many markets. There are many stocks, mutual funds, and a lot of different other types of products, from bonds to cryptos.

However, nothing is free: Swissquote's trading fees are relatively high

All in all, Swissquote is a great stockbroker. As you can trade many products and no inactivity fee is charged, feel free to give it a try.

Swissquote
Summary Swissquote is a Swiss online broker with a banking license. It is listed on the Swiss stock exchange and regulated by several authorities globally, including the top-tier UK FCA.
Fees score 2.2 stars
Recommended for Affluent investors who value safety and are OK with higher fees

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Best discount brokers
What makes a good discount broker?

You are probably curious how we came up with this list. To get a better understanding, let's discuss the following three points:

  1. What is a discount brokerage?
  2. Why do we think these brokers are safe?
  3. What were the most important factors when we picked the best discount brokers?

What is a discount broker?

A discount 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, since, unlike full-service brokers, they usually don't provide extra services like research, personal investment advice, tax planning or robo-advisory.

Discount brokers first appeared along with the rise of online broker services. Many brokerage companies started to provide their service online and fully automated via online trading platforms. An online trading platform is basically a website where you can insert your own orders, and while you get customer support, the broker offers no investment advice.

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, bonds 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.

Are these brokers safe?

These brokers are all considered safe.. They are regulated by at least one top-tier 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. It is very unlikely that you will run into severe problems, and even if you do, you are protected by a top-tier regulator.

How did BrokerChooser pick the best discount brokers?

We tested brokers based on more than 300 criteria, with a real account 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 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. Note that our maxium score is 5.0 and the minimum is 1.0.

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.

Best discount brokers
Bottom line

You saw the details, now let's zoom out. Here are the best discount brokers in 2021 for citizens in Guinea:

Best discount brokers in 2021 for Guinean citizens
Interactive Brokers TradeStation Global Zacks Trade ChoiceTrade Swissquote
Fees score 4.2 stars 4.0 stars 4.3 stars 4.4 stars 2.2 stars
Stock and ETF fee scores 4.7 stars 4.7 stars 4.6 stars 5.0 stars 0.3 stars
Markets and products score 5.0 stars 5.0 stars 3.8 stars 2.1 stars 5.0 stars
Account opening score 3.4 stars 2.8 stars 2.8 stars 4.4 stars 4.0 stars
Deposit and withdrawal score 3.5 stars 3.5 stars 3.5 stars 0.8 stars 4.6 stars
Open account Open account Open account Open account Open account

Interactive Brokers is our winner, the best discount broker in Guinea in 2021. Low trading fees, average non-trading fee, free stock and ETF trading for US customers.

All of these brokers are considered a great choice. Pick the winner or any runner-up, and save a lot of money on fees. Let us know what you think in the comment section.

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

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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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