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To find the best international online brokers in El Salvador, we went ahead and did the research for you. After testing, analyzing and comparing 71 brokers, 5 made it to the top. We highly recommend all 5 to you. And now, without further ado...

The top 5 picks for the best international online brokers of 2020 for citizens in El Salvador:

  1. Interactive Brokers is the number one international online broker in 2020. Low trading fees. Wide range of products. Many great research tools.
  2. Swissquote is your runner-up. Access to many markets and products. No inactivity fee. Rock-solid background.
  3. Tradestation rounds out the top three. Great web and mobile trading platform. Low stock and ETF fees. High-quality educational tools.
  4. XTB, numero quatro. Low forex and stock index CFD fees. Free and fast deposit and withdrawal. Easy and fast account opening.
  5. Oanda. Generally low fees. Easy-to-use web trading platform. Easy and digital account opening. Just made it to the list at number five.
Best international online brokers of 2020 for citizens in El Salvador
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.9 Best online broker
#2 Swissquote Swiss investment bank 4.7
#3 Tradestation US stockbroker 4.7 Best app for stock trading
#4 XTB Global CFD and forex broker 4.7 Best CFD broker
#5 Oanda US forex broker 4.6 Best mobile trading platform

What makes a good online broker? First of all, they must offer fair fees and have a good safety score. It should also be easy to open an account and deposit money. They should give you access to many products, and they need to have a great trading platform.

Easy to list, but hard to figure out. That’s why we are testing brokers along more than 100 criteria, using real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.

Not sure which broker? 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 this detailed comparison table.

And now, let's see the best international online brokers in 2020 for citizens in El Salvador one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best international online brokers for citizens in El Salvador
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 inactivity fee

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#1 Interactive Brokers
Fees
4.3

Interactive Brokers has low trading fees; while 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
Low stock and ETF fees
Free stock and ETF trading for US clients
Low margin rates
Interactive Brokers fees
Interactive Brokers Swissquote Tradestation XTB Oanda
US stock $1.0 $25.0 $1.0 $10.0 -
UK stock $7.2 $30.0 - $11.0 -
EURUSD benchmark fee $17.9 $16.3 - $14.8 $15.9

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

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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 Swissquote Tradestation XTB Oanda
Minimum deposit $0 $0 $1 $0 $0
Time to open account 1-3 days 1 day 1 day 1 day 1-3 days

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#1 Interactive Brokers
Deposit and withdrawal
2.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer, and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies Not user-friendly
First withdrawal each month free
Interactive Brokers withdrawal fee and options
Interactive Brokers Swissquote Tradestation XTB Oanda
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $10 $0 $0 $0

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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 Swissquote Tradestation XTB Oanda
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes No Yes Yes
Fund Yes Yes Yes No No
Bond Yes Yes Yes No No
Options Yes Yes Yes No No
Futures Yes Yes Yes No No
CFD Yes Yes No Yes Yes
Crypto Yes Yes Yes Yes No

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#1 Interactive Brokers
Web trading platform
4.3

Interactive Brokers's web platform is simple and easy to use, even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in El Salvador - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers Swissquote Tradestation XTB Oanda
Web platform score 4.3 stars 4.3 stars 4.5 stars 4.4 stars 4.5 stars
Mobile platform score 3.5 stars 4.7 stars 4.8 stars 4.4 stars 5.0 stars
Desktop platform score 3.0 stars 3.3 stars 2.5 stars 4.4 stars 3.8 stars

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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 for advanced traders.

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

There are some drawbacks though: there is a high inactivity fee 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 4.3 stars
Recommended for Traders looking for low fees and a professional trading environment

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Swissquote Logo

#2 Best international online brokers for citizens in El Salvador
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.

In this review, we focus mainly on the Swiss entity, but also discuss services of the UK arm, especially in the case of CFD and forex trading. To make it clear which company we are talking about, we will refer to the Swiss entity as "Swissquote (CH)" and 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

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#2 Swissquote
Fees
2.3

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 trading fees
No inactivity fee High stock and ETF fees
Low financing rate High bond fees
Withdrawal fee at Swissquote (CH)
Swissquote fees
Interactive Brokers Swissquote Tradestation XTB Oanda
US stock $1.0 $25.0 $1.0 $10.0 -
UK stock $7.2 $30.0 - $11.0 -
EURUSD benchmark fee $17.9 $16.3 - $14.8 $15.9

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

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#2 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 Swissquote Tradestation XTB Oanda
Minimum deposit $0 $0 $1 $0 $0
Time to open account 1-3 days 1 day 1 day 1 day 1-3 days

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#2 Swissquote
Deposit and withdrawal
4.1

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 Swissquote Tradestation XTB Oanda
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $10 $0 $0 $0

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#2 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 Swissquote Tradestation XTB Oanda
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes No Yes Yes
Fund Yes Yes Yes No No
Bond Yes Yes Yes No No
Options Yes Yes Yes No No
Futures Yes Yes Yes No No
CFD Yes Yes No Yes Yes
Crypto Yes Yes Yes Yes No

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#2 Swissquote
Web trading platform
4.3

The Swissquote (CH) eTrading platform has a lot of functions, so many that sometimes it can get complicated. Customizability is good and there is a clear overview of trading fees, but it's easy to get lost on the platform.
Pros Cons
Clear fee report Easy to get lost among functions
Two-step (safer) login
Good search function
Best international online brokers for citizens in El Salvador - Swissquote trading platform
Swissquote trading platforms
Interactive Brokers Swissquote Tradestation XTB Oanda
Web platform score 4.3 stars 4.3 stars 4.5 stars 4.4 stars 4.5 stars
Mobile platform score 3.5 stars 4.7 stars 4.8 stars 4.4 stars 5.0 stars
Desktop platform score 3.0 stars 3.3 stars 2.5 stars 4.4 stars 3.8 stars

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#2 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 2.3 stars
Recommended for Affluent investors who value safety and are OK with higher fees

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Tradestation Logo

#3 Best international online brokers for citizens in El Salvador
Tradestation

4.7

Tradestation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 (cash up to $250,000) investor protection per account.

Tradestation is considered safe because it has a long track record, discloses its financials, and its parent company, the Monex Group is listed on the Tokyo stock exchange.

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

Pros Cons
Great web and mobile trading platform Not user-friendly deposit and withdrawal
Low stock and ETF fees No forex trading
High-quality educational tools Poor customer service

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#3 Tradestation
Fees
4.3

Tradestation has low trading fees and you can choose from multiple fee structures. On the negative side, withdrawals are costly.
Pros Cons
Low trading fees High non-trading fees
Low stock and ETF fees Withdrawal fee
Multiple fee structures to choose from
Tradestation fees
Interactive Brokers Swissquote Tradestation XTB Oanda
US stock $1.0 $25.0 $1.0 $10.0 -
UK stock $7.2 $30.0 - $11.0 -
EURUSD benchmark fee $17.9 $16.3 - $14.8 $15.9

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

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#3 Tradestation
Account opening
5.0

Tradestation account opening is fully digital, user-friendly, and fast. On the other hand, the base currency can be only USD (with the exception of the futures account).
Pros Cons
Fast Multiple base currencies only for futures accounts
Fully digital
No minimum deposit
Tradestation minimum deposit and time to open an account
Interactive Brokers Swissquote Tradestation XTB Oanda
Minimum deposit $0 $0 $1 $0 $0
Time to open account 1-3 days 1 day 1 day 1 day 1-3 days

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#3 Tradestation
Deposit and withdrawal
1.8

Tradestation's deposit and withdrawal could be better. Although there is no deposit fee and the process is user-friendly, you can use only bank transfer; and the fee for bank transfer withdrawals (wire transfers) is high.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies High fee for wire withdrawal
Deposit and withdrawal in cryptocurrencies
Tradestation withdrawal fee and options
Interactive Brokers Swissquote Tradestation XTB Oanda
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $10 $0 $0 $0

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#3 Tradestation
Markets and products
2.7

Tradestation gives you access to a wide variety of US products, but its non-US market coverage is not competitive. Also, forex and CFDs are missing.
Tradestation markets and products
Interactive Brokers Swissquote Tradestation XTB Oanda
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes No Yes Yes
Fund Yes Yes Yes No No
Bond Yes Yes Yes No No
Options Yes Yes Yes No No
Futures Yes Yes Yes No No
CFD Yes Yes No Yes Yes
Crypto Yes Yes Yes Yes No

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#3 Tradestation
Web trading platform
4.5

Tradestation has a good web trading platform. It is user-friendly and it looks nice, and it provides a two-step verification. On the flip side, it lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in El Salvador - Tradestation trading platform
Tradestation trading platforms
Interactive Brokers Swissquote Tradestation XTB Oanda
Web platform score 4.3 stars 4.3 stars 4.5 stars 4.4 stars 4.5 stars
Mobile platform score 3.5 stars 4.7 stars 4.8 stars 4.4 stars 5.0 stars
Desktop platform score 3.0 stars 3.3 stars 2.5 stars 4.4 stars 3.8 stars

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#3 Tradestation
Verdict

Tradestation is a great US broker.

The web and mobile platforms are very user-friendly with many functions. It also offers low stock and ETF trading fees. Lastly, education is well-structured and high-quality. 

On the other hand, the deposit and withdrawal are not user-friendly and you can use only bank transfer. There is no forex trading, and the customer service is of poor quality.

Feel free to try Tradestation if you prefer trading on US markets. We recommend it for buy and hold investors with some experience.

Tradestation
Summary TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.
Fees score 4.3 stars
Recommended for Traders focusing on US markets and buy-and-hold investing

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XTB Logo

#4 Best international online brokers for citizens in El Salvador
XTB

4.7

XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.

XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

Pros Cons
Low forex and stock index CFD fees High fees for stock CFDs
Free and fast deposit and withdrawal Product portfolio limited mostly to CFDs and FX
Easy and fast account opening Limited fundamental data

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79% of retail CFD accounts lose money

#4 XTB
Fees
4.1

XTB has low forex and stock index CFD fees. There is also no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
Pros Cons
Low forex fees High stock CFD fees
Low stock index CFD fees Inactivity fee
No withdrawal fee for transfers above $100
XTB fees
Interactive Brokers Swissquote Tradestation XTB Oanda
US stock $1.0 $25.0 $1.0 $10.0 -
UK stock $7.2 $30.0 - $11.0 -
EURUSD benchmark fee $17.9 $16.3 - $14.8 $15.9

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

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79% of retail CFD accounts lose money

#4 XTB
Account opening
5.0

XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
XTB minimum deposit and time to open an account
Interactive Brokers Swissquote Tradestation XTB Oanda
Minimum deposit $0 $0 $1 $0 $0
Time to open account 1-3 days 1 day 1 day 1 day 1-3 days

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79% of retail CFD accounts lose money

#4 XTB
Deposit and withdrawal
4.5

XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
Pros Cons
Credit/Debit card available Few minor account currencies accepted
Free withdrawal
No deposit fee
XTB withdrawal fee and options
Interactive Brokers Swissquote Tradestation XTB Oanda
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $10 $0 $0 $0

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79% of retail CFD accounts lose money

#4 XTB
Markets and products
2.8

XTB's default product selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
XTB markets and products
Interactive Brokers Swissquote Tradestation XTB Oanda
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes No Yes Yes
Fund Yes Yes Yes No No
Bond Yes Yes Yes No No
Options Yes Yes Yes No No
Futures Yes Yes Yes No No
CFD Yes Yes No Yes Yes
Crypto Yes Yes Yes Yes No

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79% of retail CFD accounts lose money

#4 XTB
Web trading platform
4.4

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Best international online brokers for citizens in El Salvador - XTB trading platform
XTB trading platforms
Interactive Brokers Swissquote Tradestation XTB Oanda
Web platform score 4.3 stars 4.3 stars 4.5 stars 4.4 stars 4.5 stars
Mobile platform score 3.5 stars 4.7 stars 4.8 stars 4.4 stars 5.0 stars
Desktop platform score 3.0 stars 3.3 stars 2.5 stars 4.4 stars 3.8 stars

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79% of retail CFD accounts lose money

#4 XTB
Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.

On the plus side, its forex and stock index CFD fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading is available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA, Poland's KNF, and Cyprus's CySec.
Fees score 4.1 stars
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

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79% of retail CFD accounts lose money

Oanda Logo

#5 Best international online brokers for citizens in El Salvador
Oanda

4.6

Oanda is an American forex broker founded in 1996.

It is considered safe because it has a long track record, discloses its financials, and is regulated by top-tier authorities, such as the US Retail Foreign Exchange Dealer (RFED) and the UK's Financial Conduct Authority (FCA).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders who value a user-friendly platform and great research tools

Pros Cons
Generally low fees Only FX and some CFDs
Easy-to-use web trading platform Poor customer service
Easy and digital account opening High bank withdrawal fee

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73.5% of retail CFD accounts lose money

#5 Oanda
Fees
4.5

Oanda charges low CFD and low forex fees. Non-trading fees are low, though the withdrawal fee is quite high for bank transfers.
Pros Cons
Low trading fees High withdrawal fee for bank transfers
Low forex fees
No withdrawal fee
No withdrawal fee in most cases
Oanda fees
Interactive Brokers Swissquote Tradestation XTB Oanda
US stock $1.0 $25.0 $1.0 $10.0 -
UK stock $7.2 $30.0 - $11.0 -
EURUSD benchmark fee $17.9 $16.3 - $14.8 $15.9

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

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73.5% of retail CFD accounts lose money

#5 Oanda
Account opening
4.4

Oanda's account opening is straightforward, with no required minimum balance.
Pros Cons
Fully digital Issues with ID verification can slow account opening
No minimum deposit
Low minimum deposit
Oanda minimum deposit and time to open an account
Interactive Brokers Swissquote Tradestation XTB Oanda
Minimum deposit $0 $0 $1 $0 $0
Time to open account 1-3 days 1 day 1 day 1 day 1-3 days

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73.5% of retail CFD accounts lose money

#5 Oanda
Deposit and withdrawal
4.2

There is no deposit fee and you can conveniently use your debit card for deposit. While withdrawal is free in most cases, it is expensive for bank transfers, and it involves a fee if you withdraw to your card more than once a month.
Pros Cons
Credit/Debit card available High withdrawal fee for bank transfers
No deposit fee
Withdrawal is free for PayPal and for the first debit card transaction each month
Oanda withdrawal fee and options
Interactive Brokers Swissquote Tradestation XTB Oanda
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No Yes
Electronic wallets No No No No Yes
Withdrawal fee $0 $10 $0 $0 $0

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73.5% of retail CFD accounts lose money

#5 Oanda
Markets and products
1.5

At Oanda you can trade only forex and CFDs. It offers fewer forex pairs but more CFDs than its closest competitors.
Oanda markets and products
Interactive Brokers Swissquote Tradestation XTB Oanda
Stock Yes Yes Yes Yes No
ETF Yes Yes Yes Yes No
Forex Yes Yes No Yes Yes
Fund Yes Yes Yes No No
Bond Yes Yes Yes No No
Options Yes Yes Yes No No
Futures Yes Yes Yes No No
CFD Yes Yes No Yes Yes
Crypto Yes Yes Yes Yes No

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73.5% of retail CFD accounts lose money

#5 Oanda
Web trading platform
4.5

Oanda's web trading platform is user-friendly and safe with good customizability. On the downside, you can't set price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in El Salvador - Oanda trading platform
Oanda trading platforms
Interactive Brokers Swissquote Tradestation XTB Oanda
Web platform score 4.3 stars 4.3 stars 4.5 stars 4.4 stars 4.5 stars
Mobile platform score 3.5 stars 4.7 stars 4.8 stars 4.4 stars 5.0 stars
Desktop platform score 3.0 stars 3.3 stars 2.5 stars 4.4 stars 3.8 stars

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73.5% of retail CFD accounts lose money

#5 Oanda
Verdict

Oanda is a good forex broker: its fees are great, and it has a good web trading platform where you will quickly feel comfortable. It provides a user-friendly and fully digital account opening process, as well as powerful research tools, especially API.

On the other hand, Oanda has a limited product portfolio, as only forex and CFDs are available. Customer support is slow, and bank withdrawal fees can be high.

Feel free to try Oanda: it is regulated by top-tier regulators, there is no minimum deposit, and the inactivity fee only kicks in after two years.

Oanda
Summary Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Fees score 4.5 stars
Recommended for Forex traders who value a user-friendly platform and great research tools

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73.5% of retail CFD accounts lose money

Best international online brokers for citizens in El Salvador
What makes a good online broker

Now you know the top 5. You are probably curious about how we came up with this list. Let's go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?

What is an online broker?

Thirty years ago if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like in the Wolf of Wall Street movie. They were checking the stocks' prices while holding a telephone and shouting. Everything changed after the internet appeared. Nowadays if you want to buy Apple shares, you open online an account, deposit money, and make the order through the brokers' online platform. These brokers are the online brokers. Online brokers help you buying and selling securities, like stocks. After making your order, the online broker executes it immediately. Everything is online.

Are these brokers safe?

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

However, also brokerage companies can go down. 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, you are safe.

If everything goes very bad 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 international online brokers for a citizen in El Salvador?

At BrokerChooser, we test online brokers along more than 100 criteria, using real accounts and real money. We don’t want to overwhelm you, so for now we’ll just list the five most important criteria.

The five most important criteria for best international online brokers are:

5 important criteria for the best international online brokers in 2020
1. Fees The trading fee of a typical US equity trade can be 50 times higher at one online broker compared to another. Worth to check the fees.
2. Account opening Some online brokers require a minimum to invest, others don't set a minimal first-time deposit. Check out what the best online brokers require.
3. Deposit and withdrawal Transferring money to your account can be 5 times longer and more expensive at one online broker compared to another.
4. Products and markets You want to invest in Amazon and Bitcoin? They might not be available. Check the product coverage before opening an account.
5. Trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.

Best international online brokers for citizens in El Salvador
Bottom line

You saw the details, now let's zoom out. Here are the best international online brokers of 2020 for citizens in El Salvador:

Best international online brokers for citizens in El Salvador
Interactive Brokers Swissquote Tradestation XTB Oanda
Overall score 4.9 4.7 4.7 4.7 4.6
Best in Best online broker Best app for stock trading Best CFD broker Best mobile trading platform
Fees score 4.3 stars 2.3 stars 4.3 stars 4.1 stars 4.5 stars
Account opening score 3.4 stars 4.0 stars 5.0 stars 5.0 stars 4.4 stars
Deposit and withdrawal score 2.5 stars 4.1 stars 1.8 stars 4.5 stars 4.2 stars
Markets and products score 5.0 stars 5.0 stars 2.7 stars 2.8 stars 1.5 stars
Web platform score 4.3 stars 4.3 stars 4.5 stars 4.4 stars 4.5 stars
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79% of retail CFD accounts lose money
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73.5% of retail CFD accounts lose money

Interactive Brokers is our winner, the best international online broker in El Salvador of 2020. Low trading fees. Wide range of products. Many great research tools.
All of these brokers are considered a great choice. Pick the winner, or any of the runners-up, and take the next step in your investment journey. Let us know what you think in the comment section.
Still unsure? Use the broker finder and find the best international broker for you, or learn more about investing 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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79% of retail CFD accounts lose money
Visit broker
73.5% of retail CFD accounts lose money
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