To find the best international online brokers in Greenland, we went ahead and did the research for you. After testing, analyzing and comparing 20 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 2019 for citizens in Greenland:
- Interactive Brokers is the number one international online broker in 2019. Broad product portfolio. Low fees. Great and diverse research tools.
- XTB, place two. Fast deposit and withdrawal. Fast and user-friendly account opening. Good research tools.
- IG. Easy to use web trading platform. Helpful and reliable customer service. Great deposit and withdrawal tools. Third place.
- Tradestation, numero quatro. Great mobile trading platform. Wide range of reserach tools. High-quality educational tools.
- Plus500. Easy to use platform. Low spreads. Listed on AIM section of the London Stock Exchange. Just made it to the list with being number five.
| Broker | Info | Score | Best in | |
|---|---|---|---|---|
| #1 | Interactive Brokers | US discount broker | 4.8 | Best online broker |
| #2 | XTB | Global CFD and FX broker | 4.5 | Best CFD broker |
| #3 | IG | Global CFD and FX broker | 4.5 | Best FX broker |
| #4 | Tradestation | US stockbroker | 4.4 | |
| #5 | Plus500 | Global CFD and FX broker | 4.4 |
All 5 brokers are considered safe. They are regulated by top-tier financial regulators.
What makes a good online broker? They need to offer fair fees. It must also be easy to open an account and deposit. They should offer access to a lot of markets and need to have a great platform. Easy to list, but hard to figure it out. We are testing brokers along ~100 criteria with real accounts and real money. We know what's up.
Not sure which broker? For a tailored recommendation, check out the broker finder tool. You can enter your country and it will show only the relevant brokers. Want more details? Compare brokers with this detailed comparison table.
Boring, but important stuff: Some of the brokers portfolio might contain CFD products. CFDs are complex and very risky, thus not suitable for everyone. You can easily lose all of your invested money. If you don't have clue what a CFD is, start with these CFD trading tips
And now, let's see the best international online brokers for Greenland in 2019 one by one. Starting with the winner, Interactive Brokers.
#1 Best international online brokers for citizens in Greenland
Interactive Brokers
4.8
5 stars
Best online broker
Interactive Brokers was founded in 1978 and it is one of the biggest US-based discount brokers. It is regulated by several regulators globally, including top-tier authorities like FCA and SEC. Interactive Brokers Group is listed on the New York Stock Exchange.
Interactive Brokers is considered safe because it has a long track record, is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.
Recommended for advanced traders preferring low fees and can cope with a complicated trading platform.
- Broad product portfolio
- Low fees
- Great and diverse research tools
- Funding and withdrawal only through bank transfer
- Complicated account opening process
- Not user-friendly and complicated desktop trading platform
#1 Interactive Brokers
Fees
4 stars
Interactive Brokers has low trading fees and high non-trading fees. The fees are transparent.
- Low trading fees
- Transparent fee structure
- Inactivity fee
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Apple benchmark fee | $2.2 | $18.1 | $34.9 | $2.2 | $8.9 |
| Vodafone benchmark fee | $17.9 | $24.4 | $30.5 | - | $7.6 |
| EURUSD benchmark fee | $23.0 | $17.1 | $12.3 | - | $17.6 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX
#1 Interactive Brokers
Account opening
3 stars
The account opening process is fully digital, but slow, and complicated.
- Account opening fully digital
- No minimum deposit for most accounts
- Slow account opening
- Not user-friendly
- Confusing messages throughout the process
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $250 | $300 | $500 | $114 |
| Time to open account | 1-3 days | 1 day | 1-3 days | 1-3 days | 1 day |
#1 Interactive Brokers
Deposit and withdrawal
2 stars
Interactive Brokers offers a lot of base currencies and one withdrawal per month is free. On the flip side, only bank transfer is available.
- Several account base currencies
- No charge for the first withdrawal every month
- Credit/Debit card deposit and withdrawal not available
- Lengthy funding and withdrawal - over 3 days
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | Yes | No | Yes |
| Electronic wallets | No | No | No | No | Yes |
| Withdrawal fee | $0 | $0 | $0 | $35 | $0 |
#1 Interactive Brokers
Markets and products
5 stars
At Interactive Brokers you can reach the most markets and trade with all product types. IB has the widest offering.
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes | No |
| ETF | Yes | Yes | Yes | Yes | No |
| Forex | Yes | Yes | Yes | No | Yes |
| Fund | Yes | No | No | Yes | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | No | Yes | No |
| Futures | Yes | No | No | Yes | No |
| CFD | Yes | Yes | Yes | No | Yes |
| Crypto | Yes | Yes | Yes | No | Yes |
#1 Interactive Brokers
Web trading platform
4 stars
Interactive Brokers' web platform is simple and easy to use. Even beginners can easily get around. On the flip side, it can't be well-customized.
- User-friendly
- Clear fee report
- Two-step (safe) login
- Limited customizability (for chart, for workspace)
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Web platform score | |||||
| Mobile platform score | |||||
| Desktop platform score | - | - |
#1 Interactive Brokers
Verdict
IB is one of the biggest discount US brokers regulated by top-tier regulators. If you like low-cost trading and easily navigate on a really complicated platform, Interactive Brokers is for you. We mainly recommend IB for traders.
It has low trading fees, a wide range of product portfolio, and diverse research tools.
On the flip side, only bank transfer is available for deposit and withdrawal. The account opening and the desktop platform are not user-friendly and complicated.
Interactive Brokers is definitely recommended if you want low fees, a lot of products and you are experienced to cope with a complicated platform.
#2 Best international online brokers for citizens in Greenland
XTB
4.5
5 stars
Best CFD broker
XTB is primarily a forex and CFD broker and in some countries, you can also trade with real stocks. XTB is a global broker, it has more than ten offices worldwide. In Europe, it serves clients by a UK or a Polish entity. We tested the UK entity, but will provide info on all entities.
XTB is listed on the Warsaw Stock Exchange. A listed company is more transparent. It discloses its financials regularly. XTB is authorized and regulated by different regulators, including top-tier regulator, the FCA.
XTB is considered safe because it is listed on a stock exchange, discloses its financials, and is regulated by a top-tier regulator.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. In the UK, 79%, while in the rest of Europe 82% 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 quick deposit and withdrawal, and advanced research tools.
- Fast deposit and withdrawal
- Fast and user-friendly account opening
- Good research tools
- Limited product portfolio, mostly CFD and FX
- Sales team can be pushy
- Missing 24/7 customer support
#2 XTB
Fees
4 stars
XTB has average trading fees and low non-trading fees.
- Low non-trading fees
- No withdrawal fee
- No inactivity fee
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Apple benchmark fee | $2.2 | $18.1 | $34.9 | $2.2 | $8.9 |
| Vodafone benchmark fee | $17.9 | $24.4 | $30.5 | - | $7.6 |
| EURUSD benchmark fee | $23.0 | $17.1 | $12.3 | - | $17.6 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX
#2 XTB
Account opening
5 stars
XTB account opening is hassle-free and straightforward. Your account is ready for trading on the same day. However, the sales team is very pushy.
- Fast account opening
- Account opening fully digital
- User-friendly
- Sales team pushy
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $250 | $300 | $500 | $114 |
| Time to open account | 1-3 days | 1 day | 1-3 days | 1-3 days | 1 day |
#2 XTB
Deposit and withdrawal
5 stars
XTB's deposit and withdrawal are cost-friendly, fast, and can be done in several forms. Fees for electronic wallet deposits are quite high.
- Credit/Debit card deposit and withdrawal available
- Speedy funding and withdrawal -within 3 days
- User-friendly
- High fees for electronic wallets deposit
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | Yes | No | Yes |
| Electronic wallets | No | No | No | No | Yes |
| Withdrawal fee | $0 | $0 | $0 | $35 | $0 |
#2 XTB
Markets and products
2 stars
UK, Hungarians and non-Europeans can trade only with CFDs and forex. All other Europeans can also trade with real shares and ETFs.
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes | No |
| ETF | Yes | Yes | Yes | Yes | No |
| Forex | Yes | Yes | Yes | No | Yes |
| Fund | Yes | No | No | Yes | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | No | Yes | No |
| Futures | Yes | No | No | Yes | No |
| CFD | Yes | Yes | Yes | No | Yes |
| Crypto | Yes | Yes | Yes | No | Yes |
#2 XTB
Web trading platform
4 stars
XTB's xStation 5 platform is user-friendly, can be customized, and a have good search function. On the flip side, we missed the two-step login, the leverage setting option, and the more sophisticated order types.
- User-friendly
- Good search function
- Good customizability (for chart, for workspace)
- No two-step (safe) login
- Limited order types
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Web platform score | |||||
| Mobile platform score | |||||
| Desktop platform score | - | - |
#2 XTB
Verdict
XTB is a good broker. It is regulated by more than 10 authorities globally, including the top-tier FCA and it is listed on the Warsaw Stock Exchange.
On the plus side, deposit and withdrawal are fast. We liked the seamless and hassle-free account opening. The research tools are easy-to-use.
XTB has some drawbacks though. Its product range is mainly limited to FX and CFDs, but there are real stocks too in some countries. When opening the account the sales team can be pushy. We also missed the 24/7 customer support.
We recommend XTB for clients preferring forex and CFD trading and aim for a fast account opening, cheap money withdrawal, and great research tools. Feel free to test it even via the demo account.
#3 Best international online brokers for citizens in Greenland
IG
4.5
5 stars
Best FX broker
IG was established in the UK in 1974 and is one of the biggest CFD providers in the world. It is regulated by several regulators globally, including top-tier authorities, like the FCA. IG Group is listed on the London Stock Exchange.
IG is considered safe, because it is listed on a stock exchange, discloses its financials, and regulated by top-tier regulators.
IG is primarily a CFD broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading 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. Forex trading involves risk. Losses can exceed deposits.
Recommended for traders aiming for a great and easy-to-use trading platform.
- Easy to use web trading platform
- Helpful and reliable customer service
- Great deposit and withdrawal tools
- High trading fees
- Limited product portfolio
- Limited research tools
#3 IG
Fees
2 stars
IG's trading fees are high and non-trading fees are average. Its financing rate is one of the best.
- Low financing rate
- Transparent fee structure
- High trading fees
- Inactivity fee
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Apple benchmark fee | $2.2 | $18.1 | $34.9 | $2.2 | $8.9 |
| Vodafone benchmark fee | $17.9 | $24.4 | $30.5 | - | $7.6 |
| EURUSD benchmark fee | $23.0 | $17.1 | $12.3 | - | $17.6 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX
#3 IG
Account opening
4 stars
The account opening process is fast, user-friendly, and fully digital. On the other hand, there is a £250 or equivalent minimum deposit for cards and the sales team is very pushy.
- Fast account opening
- Account opening fully digital
- User-friendly
- £250 or equivalent minimum deposit for cards
- Sales team is quite pushy, reaching out regularly to fund account
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $250 | $300 | $500 | $114 |
| Time to open account | 1-3 days | 1 day | 1-3 days | 1-3 days | 1 day |
#3 IG
Deposit and withdrawal
5 stars
You have several options to transfer money. The transfer process is user-friendly and fast.
- Credit/Debit card deposit and withdrawal available
- Several account base currencies
- User-friendly
- Not transparent on available base currencies
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | Yes | No | Yes |
| Electronic wallets | No | No | No | No | Yes |
| Withdrawal fee | $0 | $0 | $0 | $35 | $0 |
#3 IG
Markets and products
3 stars
At IG, most clients can only trade with CFDs and forex. There are many-many CFDs. UK and some other clients can also trade with shares.
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes | No |
| ETF | Yes | Yes | Yes | Yes | No |
| Forex | Yes | Yes | Yes | No | Yes |
| Fund | Yes | No | No | Yes | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | No | Yes | No |
| Futures | Yes | No | No | Yes | No |
| CFD | Yes | Yes | Yes | No | Yes |
| Crypto | Yes | Yes | Yes | No | Yes |
#3 IG
Web trading platform
5 stars
IG's web platform is great. It is easy to use, has all necessary functions, and can be customized. Even first time users can get familiar with it instantly.
- User-friendly
- Two-step (safe) login
- Good search function
- Good customizability (for chart, for workspace)
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Web platform score | |||||
| Mobile platform score | |||||
| Desktop platform score | - | - |
#3 IG
Verdict
IG is one of the biggest and most reliable CFD brokers. It is regulated by several financial authorities around the world. IG Group is listed on the London Stock Exchange.
IG has the best web trading platform Brokerchooser tested. Its customer service is professional and relevant. The deposit and withdrawal conditions are also great.
The biggest drawback is the fee structure. It is quite pricey especially when you trade lower amounts. IG's product portfolio is limited to CFDs, however, in the UK and some other countries, stocks are also accessible.
It is quite easy to test IG's first class trading platform since there is no minimum funding for bank transfer and you can easily open a demo account.
#4 Best international online brokers for citizens in Greenland
Tradestation
4.4
4 stars
TradeStation is a US broker with a long history dating back to 1982. Its parent company, the Monex Group is listed on the Tokyo stock exchange.
TradeStation is considered safe as it is regulated by a top-tier regulator, the US FINRA. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.
Recommended for traders wanting great research tools and preferring the US markets.
- Great mobile trading platform
- Wide range of reserach tools
- High-quality educational tools
- Not user-friendly deposit and withdrawal
- No forex
- Bad customer service
#4 Tradestation
Fees
4 stars
TradeStation has low trading fees and there are multiple fee structures to choose from. Non-trading fees, like inactivity fees are high.
- Low trading fees
- More fee structures you can choose from
- High non-trading fees
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Apple benchmark fee | $2.2 | $18.1 | $34.9 | $2.2 | $8.9 |
| Vodafone benchmark fee | $17.9 | $24.4 | $30.5 | - | $7.6 |
| EURUSD benchmark fee | $23.0 | $17.1 | $12.3 | - | $17.6 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX
#4 Tradestation
Account opening
4 stars
TradeStation account opening is fully digital and user-friendly. On the other hand, it takes more days until your account is approved.
- Account opening fully digital
- User-friendly
- Slow account opening
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $250 | $300 | $500 | $114 |
| Time to open account | 1-3 days | 1 day | 1-3 days | 1-3 days | 1 day |
#4 Tradestation
Deposit and withdrawal
2 stars
TradeStation deposit and withdrawal can be improved. As a plus, the deposit is free. However, you can use only bank transfer and there is a high, $35 withdrawal fee.
- Free deposit
- Credit/Debit card deposit and withdrawal not available
- Not user-friendly
- High withdrawal fee (for non-US clients $35 /tansaction)
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | Yes | No | Yes |
| Electronic wallets | No | No | No | No | Yes |
| Withdrawal fee | $0 | $0 | $0 | $35 | $0 |
#4 Tradestation
Markets and products
2 stars
TradeStation gives you access to a wide variety of US products. However, its non-US offer is not competitive. The forex, CFDs and cryptos are missing.
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes | No |
| ETF | Yes | Yes | Yes | Yes | No |
| Forex | Yes | Yes | Yes | No | Yes |
| Fund | Yes | No | No | Yes | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | No | Yes | No |
| Futures | Yes | No | No | Yes | No |
| CFD | Yes | Yes | Yes | No | Yes |
| Crypto | Yes | Yes | Yes | No | Yes |
#4 Tradestation
Web trading platform
4 stars
TradeStation has a good web trading platform. It is user-friendly with and looks nice. It also offers a great order management. On the flip side, it lacks the alerts and the clear fee reports.
- User-friendly
- Good customizability (for chart, for workspace)
- Good variety of order types
- No clear fee report available
- No price alerts available
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Web platform score | |||||
| Mobile platform score | |||||
| Desktop platform score | - | - |
#4 Tradestation
Verdict
TradeStation is a great US broker.
The mobile platform is very user-friendly with many functions. It also offers great research tools, including a wide range of analytical tools. 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. It lacks many asset classes, e.g. forex or CFDs. The customer service can be improved as the response time at email and chat support are very slow.
Feel free to try TradeStation if you prefer Recommended for buy and hold investors with any experience level.
#5 Best international online brokers for citizens in Greenland
Plus500
4.4
4 stars
Plus500 is a CFD broker, established in Israel. It is listed on the Main Market of the London Stock Exchange. Plus500 subsidiaries are authorized and regulated by different regulators, including top-tier regulators like the FCA from the UK.
Plus500 is considered safe because it is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.
Plus500 is a CFD and forex broker. 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Daytraders!: At Plus500 scalping is defined as "A trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you were following this strategy, your account might be blocked and closed. Therefore, if you plan to execute trades within 2 minutes, Plus500 is not your broker
Recommended for experienced traders looking for an easy-to-use platform, with great user experience.
- Easy to use platform
- Low spreads
- Listed on AIM section of the London Stock Exchange
- Limited product portfolio, only CFDs
- High financing rates
- Minimal research tools
#5 Plus500
Fees
4 stars
Plus500 has low trading fees and average non-trading fees. Financing rates are very high.
- Low trading fees
- No withdrawal fee
- Inactivity fee
- High financing rate
- Financing rate calculation is opaque
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Apple benchmark fee | $2.2 | $18.1 | $34.9 | $2.2 | $8.9 |
| Vodafone benchmark fee | $17.9 | $24.4 | $30.5 | - | $7.6 |
| EURUSD benchmark fee | $23.0 | $17.1 | $12.3 | - | $17.6 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks, and $20k for FX
#5 Plus500
Account opening
5 stars
Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.
- Fast account opening
- Account opening fully digital
- User-friendly
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $250 | $300 | $500 | $114 |
| Time to open account | 1-3 days | 1 day | 1-3 days | 1-3 days | 1 day |
#5 Plus500
Deposit and withdrawal
5 stars
Plus500's deposit and withdrawal are both great. You have many options, the process is easy-to-do and usually free of charge.
- Credit/Debit card deposit and withdrawal available
- Free deposit
- User-friendly
- Five withdrawal per month is free
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | Yes | No | Yes |
| Electronic wallets | No | No | No | No | Yes |
| Withdrawal fee | $0 | $0 | $0 | $35 | $0 |
#5 Plus500
Markets and products
2 stars
At Plus500 you can trade only with CFDs and forex. There are a lot CFDs, you can choose from almost 2,000.
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes | No |
| ETF | Yes | Yes | Yes | Yes | No |
| Forex | Yes | Yes | Yes | No | Yes |
| Fund | Yes | No | No | Yes | No |
| Bond | Yes | No | No | No | No |
| Options | Yes | No | No | Yes | No |
| Futures | Yes | No | No | Yes | No |
| CFD | Yes | Yes | Yes | No | Yes |
| Crypto | Yes | Yes | Yes | No | Yes |
#5 Plus500
Web trading platform
4 stars
Plus500 trading platform is very easy-to-use and also looks great. On the flip side, it cannot be customized.
- User-friendly
- Two-step (safe) login
- Good search function
- Available in more languages
- Limited customizability (for chart, for workspace)
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Web platform score | |||||
| Mobile platform score | |||||
| Desktop platform score | - | - |
#5 Plus500
Verdict
Plus500 is a good broker. It is for traders aware of the risks of CFD trading.
Is plus 500 safe? It is considered safe because it is listed on the London Stock Exchange and regulated by the FCA. If you are not from the UK, you will be most likely served by Plus500 Cyprus, and hence the Cypriot investor protection will apply.
Daytraders! At Plus500 scalping is defined as "A trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you were following this strategy, your account might be blocked and closed. So if you plan to execute trades within 2 minutes, Plus500 is not your broker.
On the bright side, Plus500 platform is easy-to-use with a great user experience. Even the first time user can navigate the app with ease. Spreads are competitive, but there are really high financing rates. Therefore, fees can be really high. For this fee level, some research tools would have been nice.
As there is no minimum balance, no withdrawal fee above $100, withdrawal and inactivity fee only kicks in after three months, feel free to try it out.
Best international online brokers for citizens in Greenland
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?
Yes, they are considered safe. You can be sure none of them is a scam. They are regulated by top-tier regulators. Some of them are also listed on an exchange, and 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 Greenland?
At Brokerchooser we test online brokers along ~100 criteria, with a real account and real money. Not to overwhelm you we list the five most important criteria.
The 5 most important criteria for 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-friendlyAand well-equipped trading platform can significantly increase your trading comfort. |
Best international online brokers for citizens in Greenland
Bottom line
You saw the details, now let's zoom out. Here are the best international online brokers of 2019 for citizens in Greenland:
| Interactive Brokers | XTB | IG | Tradestation | Plus500 | |
|---|---|---|---|---|---|
| Overall score | 4.8 | 4.5 | 4.5 | 4.4 | 4.4 |
| Award | Best online broker | Best CFD broker | Best FX broker | ||
| Fees score | |||||
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| Visit broker | Visit broker | Visit broker | Visit broker | Visit broker |
Interactive Brokers is our winner, the best in 2019.
Broad product portfolio. Low fees. Great and diverse research tools.
All brokers are considered safe, and a great choice. Pick the winner, or any runner-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 broker for you.
