Trade on IBKR
To find the best international online brokers in Gaza Strip, 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 Gaza Strip:
- Interactive Brokers is the number one international online broker in 2020. Low trading fees. Wide range of products. Many great research tools.
- XTB is your runner-up. Low forex and stock index CFD fees. Free and fast deposit and withdrawal. Easy and fast account opening.
- Zacks Trade rounds out the top three. Low fees. Extensive stock and ETF selection. Great customer service..
- Tickmill, numero quatro. Low fees. Great account opening. Free deposit and withdrawal.
- Pepperstone. Low forex and equity index CFD fees. Great customer service. Seamless and free deposit and withdrawal. Just made it to the list at number five.
| Broker | Info | Score | Best in | |
|---|---|---|---|---|
| #1 | Interactive Brokers | US discount broker | 4.9 | Best online broker |
| #2 | XTB | Global CFD and forex broker | 4.7 | Best CFD broker |
| #3 | Zacks Trade | US discount broker | 4.6 | |
| #4 | Tickmill | Global forex broker | 4.6 | |
| #5 | Pepperstone | Australian forex broker | 4.5 |
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 Gaza Strip one by one, starting with the winner, Interactive Brokers.
#1 Best international online brokers for citizens in Gaza Strip
Interactive Brokers
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 |
#1 Interactive Brokers
Fees
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 | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| US stock | $1.0 | $10.0 | $1.0 | - | - |
| UK stock | $7.2 | $11.0 | $14.4 | - | - |
| EURUSD benchmark fee | $17.9 | $14.8 | - | $9.2 | $14.8 |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#1 Interactive Brokers
Account opening
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 | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $100 | $0 |
| Time to open account | 1-3 days | 1 day | >3 days | 1 day | 1 day |
#1 Interactive Brokers
Deposit and withdrawal
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 | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | Yes | Yes |
| Electronic wallets | No | No | No | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#1 Interactive Brokers
Markets and products
Through Interactive Brokers you can access an extremely wide range of markets and all product types are available.
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | No | No |
| ETF | Yes | Yes | Yes | No | No |
| Forex | Yes | Yes | No | Yes | Yes |
| Fund | Yes | No | Yes | No | No |
| Bond | Yes | No | Yes | No | No |
| Options | Yes | No | Yes | No | No |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | No | Yes | Yes |
| Crypto | Yes | Yes | No | No | Yes |
#1 Interactive Brokers
Web trading platform
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 |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 4.4 stars | 4.5 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.5 stars | 4.4 stars | 3.5 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.0 stars | 4.4 stars | 3.0 stars | 3.3 stars | 3.3 stars |
#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 |
#2 Best international online brokers for citizens in Gaza Strip
XTB
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 |
#2 XTB
Fees
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 |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| US stock | $1.0 | $10.0 | $1.0 | - | - |
| UK stock | $7.2 | $11.0 | $14.4 | - | - |
| EURUSD benchmark fee | $17.9 | $14.8 | - | $9.2 | $14.8 |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#2 XTB
Account opening
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 |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $100 | $0 |
| Time to open account | 1-3 days | 1 day | >3 days | 1 day | 1 day |
#2 XTB
Deposit and withdrawal
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 |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | Yes | Yes |
| Electronic wallets | No | No | No | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#2 XTB
Markets and products
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.
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | No | No |
| ETF | Yes | Yes | Yes | No | No |
| Forex | Yes | Yes | No | Yes | Yes |
| Fund | Yes | No | Yes | No | No |
| Bond | Yes | No | Yes | No | No |
| Options | Yes | No | Yes | No | No |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | No | Yes | Yes |
| Crypto | Yes | Yes | No | No | Yes |
#2 XTB
Web trading platform
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 |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 4.4 stars | 4.5 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.5 stars | 4.4 stars | 3.5 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.0 stars | 4.4 stars | 3.0 stars | 3.3 stars | 3.3 stars |
#2 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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#3 Best international online brokers for citizens in Gaza Strip
Zacks Trade
Zacks Trade is a US-based discount broker and division of LMBZ Securities. LMBZ Securities was founded in 1978 and regulated by the top-tier SEC and FINRA.
LMBZ Securities' clearing and execution services are provided through Interactive Brokers, a global stockbroker regulated by many top-tier financial authorities globally.
If you've used Interactive Brokers' service, you might notice that many of Zacks Trade's services are the same. To summarize it:
- Zacks Trade has a different fee structure, product selection, educational tools, and customer support.
- The account opening, deposit/withdrawal, trading platforms, and research tools are the same as at Interactive Brokers.
Zacks Trade is considered safe because it has a long track record, discloses its financial statements annually (as a part of LBMZ Securities), and is regulated by top-tier regulators.
Recommended for traders and investors looking for comprehensive research tools, 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 |
#3 Zacks Trade
Fees
Zacks Trade has both low trading fees and low non-trading fees. The stock, ETF, and bond fees are especially low and the stock margin rates are spectacular. However, mutual fund fees are quite high.
| Pros | Cons |
|---|---|
| • Low stock and ETF fees | • High fund fees |
| • No inactivity fee | |
| • Low margin rates |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| US stock | $1.0 | $10.0 | $1.0 | - | - |
| UK stock | $7.2 | $11.0 | $14.4 | - | - |
| EURUSD benchmark fee | $17.9 | $14.8 | - | $9.2 | $14.8 |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#3 Zacks Trade
Account opening
Zacks Trade has a fully digital account opening and accepts clients from all over the world. You can start using your account by depositing less than $2,500, however, Zacks Trade recommends to deposit this amount. On the negative side, we found the process slow and hard to navigate.
| Pros | Cons |
|---|---|
| • Fully digital | • Slow |
| • No minimum deposit | • Not user-friendly |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $100 | $0 |
| Time to open account | 1-3 days | 1 day | >3 days | 1 day | 1 day |
#3 Zacks Trade
Deposit and withdrawal
Zacks Trade has one free withdrawal per month for nearly all currencies offered. However, credit/debit cards and electronic wallets are not authorized to deposit or withdraw funds.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | |
| • Several account base currencies |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | Yes | Yes |
| Electronic wallets | No | No | No | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#3 Zacks Trade
Markets and products
Zacks Trade offers stocks, ETFs, and bonds from international markets, which is fairly unique for a US-based broker. There are also US mutual funds and options provided. On the other hand, futures or forex asset classes are missing.
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | No | No |
| ETF | Yes | Yes | Yes | No | No |
| Forex | Yes | Yes | No | Yes | Yes |
| Fund | Yes | No | Yes | No | No |
| Bond | Yes | No | Yes | No | No |
| Options | Yes | No | Yes | No | No |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | No | Yes | Yes |
| Crypto | Yes | Yes | No | No | Yes |
#3 Zacks Trade
Web trading platform
Zacks Trade 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 |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 4.4 stars | 4.5 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.5 stars | 4.4 stars | 3.5 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.0 stars | 4.4 stars | 3.0 stars | 3.3 stars | 3.3 stars |
#3 Zacks Trade
Verdict
Zacks Trade is a great US discount broker. Zacks Trade is a division of LMBZ 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, the desktop trading platform and research tools are 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, which 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 SIPC scheme, up to $500,000 (including $250,000 limit for cash). |
| Fees score | 4.3 stars |
| Recommended for | Traders and investors looking for comprehensive research tools, wide product selection, and low fees |
#4 Best international online brokers for citizens in Gaza Strip
Tickmill
Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by different financial authorities globally, including the top-tier Financial Conduct Authority (FCA) from the United Kingdom.
Tickmill is considered safe because it is regulated by the top-tier FCA.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 looking for low fees and prefer metatrader 4 platform
| Pros | Cons |
|---|---|
| • Low fees | • Only forex and CFDs |
| • Great account opening | • Trading platforms with outdated design |
| • Free deposit and withdrawal | • Basic news feeds |
#4 Tickmill
Fees
Tickmill has great fees. Both the forex and CFD trading fees are low. There is no fee charged for deposit, withdrawal, or inactivity.
| Pros | Cons |
|---|---|
| • Low forex fees | None |
| • No withdrawal fee | |
| • No inactivity fee |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| US stock | $1.0 | $10.0 | $1.0 | - | - |
| UK stock | $7.2 | $11.0 | $14.4 | - | - |
| EURUSD benchmark fee | $17.9 | $14.8 | - | $9.2 | $14.8 |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#4 Tickmill
Account opening
Tickmill has a fast and easy account opening. Our account was verified within one business day. The minimum deposit is low, $100 for all account types, except VIP.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $100 | $0 |
| Time to open account | 1-3 days | 1 day | >3 days | 1 day | 1 day |
#4 Tickmill
Deposit and withdrawal
Tickmill's deposit and withdrawal are fast and free of charge. There is a wide range of options you can use: bank transfer, credit/debit cards, or electronic wallets. On the other hand, the number of available account base currencies is low.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Few account base currencies |
| • No deposit fee | |
| • Several account base currencies |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | Yes | Yes |
| Electronic wallets | No | No | No | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#4 Tickmill
Markets and products
At Tickmill, you can trade only CFDs on forex, stock indices, commodities, and German government bonds. Popular asset classes, such as stocks, ETFs, mutual funds, bonds and options are missing.
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | No | No |
| ETF | Yes | Yes | Yes | No | No |
| Forex | Yes | Yes | No | Yes | Yes |
| Fund | Yes | No | Yes | No | No |
| Bond | Yes | No | Yes | No | No |
| Options | Yes | No | Yes | No | No |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | No | Yes | Yes |
| Crypto | Yes | Yes | No | No | Yes |
#4 Tickmill
Web trading platform
Tickmill's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. On the other hand, the platform lacks price alerts, and the design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 4.4 stars | 4.5 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.5 stars | 4.4 stars | 3.5 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.0 stars | 4.4 stars | 3.0 stars | 3.3 stars | 3.3 stars |
#4 Tickmill
Verdict
Tickmill is a low-cost forex and CFD broker, regulated by several authorities globally, including the top-tier FCA.
On the plus side, we liked the low forex and CFD fees. The account opening is seamless and there are a lot of free deposit/withdrawal options.
Tickmill has some drawbacks though. Its product range is limited to forex, CFDs on some stock indexes and commodities. Trading platforms have outdated design and the news feeds are basic.
We recommend Tickmill for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.
| Tickmill | |
|---|---|
| Summary | Tickmill is a low-cost forex and CFD broker. It is regulated by different financial authorities, including the top-tier FCA. |
| Fees score | 4.8 stars |
| Recommended for | Forex traders looking for low fees and prefer MetaTrader 4 platform |
#5 Best international online brokers for citizens in Gaza Strip
Pepperstone
Pepperstone is an Australian forex broker that also offers some CFDs. It was established in 2010 and opened a London office in 2015 to be able to better serve its European clients.
Pepperstone is considered safe since it's regulated by two top-tier financial authorities, the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 looking for low fees and good customer service
| Pros | Cons |
|---|---|
| • Low forex and equity index CFD fees | • Only forex and CFDs |
| • Great customer service | • Basic news flow |
| • Seamless and free deposit and withdrawal | • No investor protection for non-EU clients |
#5 Pepperstone
Fees
Pepperstone has low forex and equity index fees. Non-trading fees are low as well, as no inactivity or account fee is charged. On the negative side, CFD financing rates, i.e. fees for holding CFD positions overnight, are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High financing rate for CFDs |
| • Low non-trading fees | |
| • Low forex fees |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| US stock | $1.0 | $10.0 | $1.0 | - | - |
| UK stock | $7.2 | $11.0 | $14.4 | - | - |
| EURUSD benchmark fee | $17.9 | $14.8 | - | $9.2 | $14.8 |
All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.
#5 Pepperstone
Account opening
Pepperstone's account opening process is great. It is fully digital, user-friendly, and requires no minimum deposit for the Standard account.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $100 | $0 |
| Time to open account | 1-3 days | 1 day | >3 days | 1 day | 1 day |
#5 Pepperstone
Deposit and withdrawal
Pepperstone provides plenty of deposit and withdrawal options, as well as a wide selection of account base currencies. However, there is a high, $20 fee for bank withdrawals for clients outside the EU and Australia.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • High bank withdrawal fee for clients outside the EU/Australia |
| • No deposit fee | |
| • Several account base currencies |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | Yes | Yes |
| Electronic wallets | No | No | No | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
#5 Pepperstone
Markets and products
At Pepperstone you can only trade with forex and other CFDs (commodities, stock indices, share CFDs, cryptos). This means that many popular asset classes, like real stocks and ETFs, are missing.
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | No | No |
| ETF | Yes | Yes | Yes | No | No |
| Forex | Yes | Yes | No | Yes | Yes |
| Fund | Yes | No | Yes | No | No |
| Bond | Yes | No | Yes | No | No |
| Options | Yes | No | Yes | No | No |
| Futures | Yes | No | No | No | No |
| CFD | Yes | Yes | No | Yes | Yes |
| Crypto | Yes | Yes | No | No | Yes |
#5 Pepperstone
Web trading platform
Pepperstone's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks two-step login and price alerts, and its design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation |
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 4.4 stars | 4.5 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.5 stars | 4.4 stars | 3.5 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.0 stars | 4.4 stars | 3.0 stars | 3.3 stars | 3.3 stars |
#5 Pepperstone
Verdict
Pepperstone is a great forex and CFD broker, regulated by the top-tier FCA and ASIC.
Forex and equity index fees are low. Customer service is great, giving you relevant answers within a short time. Deposit and withdrawal are a breeze, with no fees charged.
On the other hand, Pepperstone provides only forex, CFDs and cryptos to trade with. Their news flow is rather basic. Lastly, there is no investor protection for non-EU clients.
Feel free to try Pepperstone since there is no inactivity fee or minimum deposit for standard accounts.
| Pepperstone | |
|---|---|
| Summary | Pepperstone is a forex and CFD broker regulated by both the UK FCA and the ASIC in Australia. |
| Fees score | 4.4 stars |
| Recommended for | Forex traders looking for low fees and good customer service |
Best international online brokers for citizens in Gaza Strip
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 Gaza Strip?
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:
| 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 Gaza Strip
Bottom line
You saw the details, now let's zoom out. Here are the best international online brokers of 2020 for citizens in Gaza Strip:
| Interactive Brokers | XTB | Zacks Trade | Tickmill | Pepperstone | |
|---|---|---|---|---|---|
| Overall score | 4.9 | 4.7 | 4.6 | 4.6 | 4.5 |
| Best in | Best online broker | Best CFD broker | |||
| Fees score | 4.3 stars | 4.1 stars | 4.3 stars | 4.8 stars | 4.4 stars |
| Account opening score | 3.4 stars | 5.0 stars | 2.8 stars | 5.0 stars | 5.0 stars |
| Deposit and withdrawal score | 2.5 stars | 4.5 stars | 3.5 stars | 4.5 stars | 4.3 stars |
| Markets and products score | 5.0 stars | 2.8 stars | 3.8 stars | 1.4 stars | 1.7 stars |
| Web platform score | 4.3 stars | 4.4 stars | 4.5 stars | 2.8 stars | 2.8 stars |
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79% of retail CFD accounts lose money |
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73% of retail CFD accounts lose money |
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78.6% of retail CFD accounts lose money |
Interactive Brokers is our winner, the best international online broker in Gaza Strip 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.
